DECEMBER 22, 2009

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CORAL GABLES TRUST APPOINTS THREE INFLUENTIAL LEADERS IN THE COMMUNITY TO ITS BOARD OF DIRECTORS

CORAL GABLES, FL: Coral Gables Trust Company (“CGTC”) announced today the appointment of three of South Florida’s most influential and highly respected business and community leaders to its Board of Directors: Mr. Alberto R. Cardenas, Mr. Carlos Palomares and Mr. William T. Pruitt.

Mr. Alberto R. Cardenas is a partner in the law firm of Tew Cardenas LLP, and has been named top of his field in the areas of law, business and politics and is featured in numerous state and national publications. Mr. Cardenas was selected by his peers as "The Best Lawyer in America "from 2007 through 2009. Mr. Cardenas serves as a trusted advisor to Associated Industries of Florida, known as ‘The Voice of Florida Business,’ representing the principles of prosperity and free enterprise before the three branches of state government since 1920. He is also a representative on the National Advisory Committee for Labor Provisions of Free Trade Agreements (NAC) through the United States Department of Labor.

Mr. Carlos Palomares is President and CEO of SMC Resources, a consulting practice providing advice to senior executives on business and marketing strategy, and a member of the Board of Directors of the Pan American Life Insurance Group. He also serves as Director of the National Association of Corporate Directors (Florida Chapter). Mr. Palomares served as Chief Operating Officer of Capital One Federal Savings Bank. Prior to joining Capital One, Mr. Palomares served with Citigroup as Country Manager for consumer banking in Saudi Arabia and the Philippines, Chairman and CEO of Citibank’s consumer bank in Italy, President and CEO of Citibank-Florida, and Chief Operating Officer for Citibank, Latin America.

Mr. William D. Pruitt is President of Pruitt Enterprises and its general partner, Pruitt Ventures, Inc. He was with Arthur Andersen & Co. for 33 years, retiring as the managing partner for Florida, the Caribbean, and Venezuela. Mr. Pruitt is a past president of the Florida Institute of Certified Public Accountants and a Member of Council of the American Institute of Certified Public Accountants. He currently serves on the board of directors of two public companies, The PBSJ Corporation and Mako Surgical Corp. Mr. Pruitt has served as a trustee or board member for the University of Miami, the University of Miami Citizens Board, the University of Miami Alumni Association, the Miami Bankers Club, the Florida Chamber of Commerce, the Greater Miami Chamber of Commerce, the Greater Miami Free Zone, the Miami Ballet, and the Tropical Girl Scout Council. He is a founding board member for the Florida Chapter of the National Association of Corporate Directors and served as President until 2009.

“Coral Gables Trust is extremely proud that Al, Carlos and Bill have agreed to join our Board. The experience, expertise and relationships of these impressive community leaders will ensure that Coral Gables Trust continues to deliver solid investment results and exceptional personal service for our clients and shareholders,” said Jim Davidson, Chairman of the Board of Coral Gables Trust.

About Coral Gables Trust
Coral Gables Trust is a leading provider of wealth management and trust services in South Florida. Founded in 2004 as a locally owned and operated independent trust company, CGTC services a client base, ranging in size from $500,000 to over $10 million; which includes affluent individuals and families, small to medium sized companies, foundations, and pension and endowment funds. The Firm strives to provide totally conflict-free services to our clients, combining personalized advice and service, open-architecture (no proprietary products), asset based fees, and a culture totally devoted toward putting our clients’ interests first. Coral Gables Trust was voted Best of Miami in 2007 by Miami Today, placing The Company among the sector’s elite. Quick Link www.cgtrust.com

 

 
 

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Coral Gables Trust
255 Alhambra Circle, Suite 333
Coral Gables, Florida 33134
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