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Article: Gibraltar Private Bank & Trust Becomes Independent Through Private Investor Buyout.
- Article from:
- Investment Weekly News
- Article date:
- October 3, 2009
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Gibraltar Private Bank & Trust, a private banking and wealth management company, announced that private investors organized by Founder and Chief Executive Officer, Steven D. Hayworth have completed a buyout of Gibraltar Private. These prominent strategic investors, including members of the bank's founding shareholders, have purchased 100% ownership of Gibraltar Private from Boston Private Financial Holdings, Inc., with no single investor holding more than 9.9% of the shares of common stock of Gibraltar Private.
"This transaction is in the best interests of our clients," said Mr. Hayworth. "The transaction assures that the bank will continue to be guided by the ...