Thomas P. Noonan, a veteran banker and bank director, was named president and chief executive officer of Popular Bank of Florida recently, according to Carlos Pellas, Chairman of the Board. Noonan, a board member of the Bank since 1995, has taken charge of the $370 million dollar bank, headquartered on Brickell Avenue in Miami.
In his opening message to the staff of the bank, Noonan said, “The bank has a fabulous pedigree and enormous potential. I am looking forward to working with you in a tough competitive environment to diversify our revenue base and bring added value to our considerable clientele.
“Our goal will be to build on our core strengths as a provider of credit and non-credit services to Latin American banks and as a mortgage lender to non-residents of the United States. We will be looking for new opportunities to leverage our membership in the BAC Financial Group, of which we are an integral part,” he continued.
Noonan, who spent 26 years at Citibank in managerial positions in New York, Sao Paulo, Rio de Janeiro, Paris, Manila, Miami, and Los Angeles, was most recently President and Chief Executive Officer of SurFin Ltd., the finance company arm of DirecTV Latin America.
Among his Citibank assignments was that of Senior Vice President/General Manager for Citibank France, General Manager and Senior Corporate Officer for the State of Florida, and Division Executive for World Corporate Group/Latin America.
Commenting on the appointment, Mr. Pellas said, “Tom Noonan has been a director of our bank for 3 1/2 years, and he has an intimate, professional knowledge of the industry, the market and the dynamics we face. We are very fortunate to have someone with his background in banking and business available at this time, and I am highly optimistic about the results we can expect under his direction.”
Popular Bank of Florida, is a FDIC-insured, Florida chartered private commercial bank, part of the BAC Financial Group. Through common elements of ownership and significant business relationships, the Bank is closely associated with an extensive network of financial services companies operating throughout Latin America.
Among these is Credomatic, the largest and most sophisticated credit card company in Central America. The bank is associated as well with BAC International Bank, based in Panama, BAC Corp. Securities, and GBM, an IBM Alliance Company. Additionally, the Group operates local banks in each of the countries in Central America.Details