Professional Bank Joins Lenders in Refusing Trump’s Business

Professional Holding Corp. said it would no longer provide banking services to U.S. President Donald Trump’s company, as it joins lenders distancing themselves from him after last week’s assault on the U.S. Capitol.

“Professional Bank has decided not to engage in any further business with the Trump Organization and its affiliates, and will be winding down the relationship effective immediately,” Eric Kalis, a spokesman for the Coral Gables, Florida-based company, said in an emailed statement. Kalis provided no details on the scope of Trump’s dealings with the bank.

Deutsche Bank AG and Signature Bank, two of Trump’s favored lenders, also pulled away from the billionaire president since the Jan. 6 deadly riot by the president’s supporters.

©2021 Bloomberg L.P.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.