Professional Bank has opened a new full-service branch in Boca Raton.
The bank previously operated a loan production center in the city of Boca before opening the downtown branch to accommodate its growth.
The new 2,500-square-foot branch is located at 980 North Federal Highway, Suite 100, just north of Mizner Park.
Professional Bank’s name also appears atop the four-story building. In keeping with the Bank’s high-touch, concierge-design style, clients are greeted by private bankers rather than walk-up window tellers.
“We have had meaningful growth in Boca Raton since opening a loan production center,” said Daniel R. Sheehan, Executive Chairman of Professional Bank. “The move to a full-service branch was the next logical step to support our clients’ needs and our ongoing expansion in the market.”
Senior Vice President Mandi Friedman leads Professional Bank’s marketing efforts in the Boca Raton region. She has been a banking professional in the area for the past decade and is well-established within the local business community. With the expansion, she expects to attract new customers from northern Broward County to Delray Beach.
The move to a full-service office in Boca Raton comes at a time when Professional Bank is experiencing unprecedented growth throughout the Tri-county region. The Bank will soon open a new 1,600-square-foot branch in Miami-Dade County’s Dadeland-Pinecrest neighborhood as well as a lending center in Doral.
Later this year, the Bank will be expanding its Palm Beach Gardens office by an additional 1,815-square-feet to accommodate the recent hiring of new private bankers and staff. It also has a lending center in downtown West Palm Beach.
The Bank surpassed $800 million in assets for the first time in its 10-year history during the first quarter of 2019, a 14 percent increase from the fourth quarter of 2018. In Dec. 2018, the parent company raised $20 million in new capital that is being used to invest in new locations, technology and talent.
“Amidst the evolving banking environment, where many services and products can and will be offered through digital channels, we still believe having branches with great people in great markets provides additional value for our clients,” Sheehan said.