CORAL GABLES TRUST COMPANY ELECTS FOUR NEW MEMBERS TO THE BOARD OF DIRECTORS

Coral Gables, FL. May 1, 2006. Coral Gables Trust Company, the only independent State-chartered trust company in Miami-Dade County, has elected four new members to its Board of Directors, all of whom are outstanding local and national leaders in the community and accomplished business executives. The newly elected Directors are William H. Holly; William T. Keon, III; Allan J. Pekor; and Peggy B. Sapp.

" We are honored to have these high quality individuals join our Board of Directors," said Dean Klevan, President and CEO. "Their business knowledge and expertise as well as deep contacts in the community will assist us greatly as we continue our rapid asset growth and successful track record."

Coral Gables Trust Company offers wealth management and fiduciary services for affluent individuals, foundations, endowments, and employee benefit plans with investable assets of at least $500,000. Portfolios are structured using an open platform thus ensuring independent evaluation and selection of the best managers in each asset class. Coral Gables Trust Company's personal service model includes access to senior management thus filling a local void as national trust companies have adapted a regional service model, particularly for smaller accounts.

William H. Holly is the founding Principal of Miami's Holly Real Estate and Miami Apartments Building Investors. Holly Real Estate focuses on private clients and commercial real estate projects in the Florida marketplace. Previously, Mr. Holly founded the Miami office for Insignia/ESG and was a Director at Cushman & Wakefield. He is currently the Chairman of the Historical Museum of Southern Florida and the Vice Chairman of the Board of Ransom Everglades School.

William T. Keon, III is President and Chief Executive Officer of Nutritional Sourcing Corporation, the largest supermarket and video rental operator in Puerto Rico and the U.S. Virgin Islands. Prior to that, he was Vice President of Spalding & Evenflo Companies and held senior positions with the Cisneros Group in the US, England and the Caribbean.

Allan J. Pekor is Executive Director and Chairman of the Board of Trustees of The Lennar Foundation, the arm of the Lennar organization dedicated to community involvement and charitable giving throughout the country. Prior to that, he was President of Lennar Financial Services, Inc., the division of Lennar engaged in mortgage banking, title insurance and closing services, personal lines insurance and technology. Pekor was the CFO for Miami?s Lennar Corporation, one of the nation?s leading home builders, a position he held for 18 years. Allan has long been active in community service and currently serves on the Board of the United Way of Miami-Dade, as Vice President of Temple Beth Sholom in Miami Beach, and on the Board of Directors and Executive Committee of the Community Partnership for the Homeless.

Peggy B. Sapp is President of Miami's National Family Partnership, a national network of parenting organizations. She is also President and CEO of Informed Families/The Florida Family Partnership, an agency she helped create, developing it from six volunteers into a multi-million dollar agency with statewide and national outreach to families, schools, and communities. Mrs. Sapp is a recognized leader in drug prevention through grassroots involvement and is the recipient of numerous honors and community service awards.

These four Directors join the following existing Board members - James Davidson, Chairman of the Board, former banker with Goldman Sachs and Founding General Partner of Banyan Mezzanine Fund, L.P.; Dean Klevan, President and CEO, former executive with Citicorp, Merrill Lynch, and Morgan Stanley; Willard Wheeler, Jr., Chairman of the Investment Committee, Former Chief Investment Officer and Vice Chairman of Northern Trust Company of Florida; Ron K. Bailey, Chairman of the Audit Committee, Retired President of Strayer University in Washington, D.C.; David W.S. Chambers, former President of Merrill Lynch?s Trust Companies and CFO of Bessemer Trust; Janet Risi Field, President of Independent Purchasing Cooperative; and Dr. George Mekras, a medical consultant and retired physician. Officers of the company are Richard Conger, Senior Trust Officer and David Moore, Senior Investment Officer.

Coral Gables Trust Company provides a competitive range of fiduciary and wealth management services that include investment management utilizing independent money managers and trust and estate administration.