SOURCE: First American Bank

December 08, 2014 08:00 ET

Bank of Coral Gables Officially Links With First American Bank

CORAL GABLES, FL and ELK GROVE VILLAGE, IL--(Marketwired - Dec 8, 2014) - Thomas E. Wells, IV, Chairman of First American Bank headquartered in Elk Grove Village, Illinois, announced today that the Bank of Coral Gables officially became part of First American's banking family. 

"This merger will extend the tradition of community banking and personalized service that has characterized Bank of Coral Gables and First American Bank for many years," said Wells. Coral Gables became First American's 50th location and the first outside of the Chicago metropolitan area. 

Wells also commented on the effect the merger will have on customers' accounts. "Right now, nothing has changed and customer banking will continue as usual. In the coming months we will be converting all accounts to First American Bank. We will notify our customers well in advance as well as provide updates on our website," 

Bank customers will have access to First American's full range of products and services, such as electronic statements, mobile banking and online business solutions that will make day-to-day banking more convenient than ever. Added Wells, "Coral Gables founders and staff bring a wealth of local knowledge and insight as we grow our banking franchise in this new and exciting market."

William H. Kerdyk, Jr., former Chairman of the Bank of Coral Gables, and founding bank director Michael Kashtan, will serve on the First American Bank Board of Directors.

"This merger is a natural fit and is welcome and exciting news for our customers," Kerdyk said. "Customers will enjoy the same personal service, convenience and access to technology they have experienced for years. Our joining the First American family is a win-win for everyone." 

For over 40 years, First American has delivered proven expertise in banking and wealth management with personalized service to individuals, families, businesses and organizations. First American is a family-owned, privately held bank with 49 branches throughout the Chicago metropolitan market. Total assets exceeded $3.4 billion on October 31, 2014; trust assets under management exceeded $1.9 billion. 

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    Christine Childers
    First American Bank
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