The Bank Slate


Former Professional Bank exec planning new Miami bank

A veteran South Florida banker has applied to form a new bank.

BankMiami would operate as a state-chartered bank, with plans to open by mid-2024.

Mary Usategui would serve as the proposed de novo’s president and CEO, according to her LinkedIn profile. She was chief financial officer of Professional Bank when it was sold to Seacoast Bank. She then served as Seacoast’s chief strategy officer, leaving the bank in September.

“It’s been 15 years since a de novo bank opened in Miami,” she said in a LinkedIn post.

“As Miami continues to grow and attract new businesses and residents, there’s a clear need for a community bank that offers a more personalized, tailored approach to banking across all interaction points,” she added. BankMiami “looks forward to filling that void.”

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