Professional Bank, a locally managed, Florida-chartered, member Bank, today announced the opening of a loan production office in Boca Raton. The office will be headed by Mandi Friedman, a banking professional with more than 25 years of experience in the financial services industry in the Florida and New York markets.

“Following through with the growth of the Bank, in combination with the recent capital raise, the Boca Raton area is a good market to deploy some of those funds.  Mandi is a seasoned and experienced banker in this market, and a great addition to the team,” said Abel Iglesias, CEO and president of Professional Bank. “Mandi’s background fits very well with our platform, so we are confident that she will further loan growth and increase our deposit objectives in Boca.”

Previously a vice president and senior private banker with BankUnited in Boca Raton, Friedman specializes in private banking, along with residential and commercial lending.

 About Professional Bank and Professional Holding Corp.:

Professional Bank was founded in 2008. Since then, the Bank’s assets have grown to more than $400 million. It currently operates two full-service branch offices in Miami-Dade County and one loan production office in Palm Beach County. Professional Bank offers its clientele reliable and customized concierge services around the clock.

PHC is a financial holding company headquartered in Coral Gables, Florida. PHC's principal subsidiary is Professional Bank. PHC's Class A voting common stock is listed over the counter under the symbol "PFHD." For more information, please visit www.professionalbankfl.com.