The Real Deal Miami

Lydian Private Bank founder sells North Palm Beach home for $4.5 million

April 02, 2012 01:30PM

Rory Brown, the founder of Lydian Private Bank, has sold his North Palm Beach home for $4.53 million, a $475,000 loss  on the property, according to the Palm Beach Post. Brown purchased the home in 2007 for $5 million. The home was sold in March, just as he was the defendant in a lawsuit by two investors in the bank. Brown has moved to South Carolina, according to the Post. He resigned as CEO last year. [Palm Beach Daily News]