Lydian Private Bank flips to profit, Gibraltar Private Bank loss deepens

Lydian Private Bank flips to profit, Gibraltar Private Bank loss deepens | South Florida Business Journal: "South Florida’s two big thrift banks focusing on wealth management took different turns in the fourth quarter, with Lydian Private Bank regaining profitability and Gibraltar Private Bank & Trust falling further into the red.
Both banks are under pressure from federal regulators after being hit with enforcement actions in 2010. Laura Craker recently left her post as Gibraltar CFO to become a senior VP at Lydian. Gibraltar then hired banking veteran Adolfo Henriques as its vice chairman, president and COO.
Palm Beach-based Lydian earned $318,000 in the fourth quarter, improved from a $7 million third quarter loss"

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