Bank of Coral Gables closes on merger with First American Bank

[dropcap]F[/dropcap]irst American Bank, headquartered in Elk Grove Village, IL, with 49 branches throughout the Chicago metropolitan area and assets of $3.4 billion, recently received regulatory approval and has closed on its merger with the Bank of Coral Gables, a community-based bank located at located at 2295 Galiano St. in Coral Gables.

William H. Kerdyk Jr., chair of the Bank of Coral Gables, along with founding bank director Michael Kashtan, will join the board of directors of First American Bank. The current board of directors will serve on a local Miami Advisory Board. “First American Bank has an over 40- year history of providing outstanding personalized customer service. That combined with the multitude of new products and services make this a very good fit for the Bank of Coral Gables,” Kerdyk said.

“First American Bank’s well known reputation will be of interest to new customers as well losing for high touch personal service.” First American Bank is a privately held bank with 49 branches throughout the Chicago metropolitan market.

First American Bank also offers extensive wealth management services with $1.8 billion under management. The bank places a high priority on building long-term relationships with consumer and middle market commercial clients by offering superior deposit, lending, trade finance and investment solutions.

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