Several Related Companies executives, including CEO Stephen Ross, have received preliminary approval to charter a bank. Ross, Jeff Blau and Bruce Beal Jr. will own most of the voting shares in the proposed bank, called SJB National Bank. Related will have no stake in the bank, according to a notice posted yesterday on the Web site of the Comptroller of the Currency. The execs are considering bidding on Corus bank, a Chicago-based lender troubled by condo construction loans. SJB may also purchase assets of banks that have been seized by the Federal Deposit Insurance Corporation, according to the notice. Adolfo Henriques, chairman of Gibraltar Private Bank, would lead SJB, the notice said.
Related execs get approval for new bank
September 11, 2009 09:52AM
October 12, 2011 at 3:29 pm, Anonymous said:
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September 11, 2009 at 1:28 pm, Anonymous said:
congrats ! They will do a wonderful job
September 11, 2009 at 1:34 pm, Anonymous said:
You can’t stop those Related honchos…
September 11, 2009 at 3:08 pm, Anonymous said:
The only thing that can stop these guys is Jayne Wrightsman!
September 12, 2009 at 12:44 am, Anonymous said:
god he is hideous
September 12, 2009 at 12:45 am, Anonymous said:
what a vile looking man
September 12, 2009 at 2:29 pm, Anonymous said:
What a great real estate business relationship Stephen Ross has developed in South Florida. I wish him the same success with the Dolphin Organization!!!