Banco Sabadell and Sabadell United Bank were honored Nov. 9 as joint recipients of the International Business Leadership Award from the Greater Miami Chamber of Commerce. Sabadell won the award for Business Retention and Expansion.
“We are delighted that Miami-Dade’s premier business organization recognizes the efforts of our people to make this a great bank with unparalleled service and customer loyalty, said Fernando Perez-Hickman, Sabadell United Bank’s chairman.
Representatives of more than 34 domestic and overseas enterprises were present at the awards ceremony as finalists and attendees.
In just four years, Banco Sabadell, based in Spain, and its wholly-owned, Miami-based Sabadell United Bank have grown dramatically in Florida, from 60 people in 2007 to 700 today. Combined, Banco Sabadell and Sabadell United Bank have $7 billion in deposits and assets under management in Florida.
In August, Sabadell United Bank acquired Lydian Private Bank of Palm Beach, becoming a $3.67-billion institution as of Sept. 30, with 25 offices in South Florida, Tampa, Sarasota and Naples. The FDIC-assisted transaction gave Sabadell United a powerful wealth management division for domestic clients, complementing Banco Sabadell’s private banking facility for overseas clients.
