Printer Friendly

DAVID KONFINO, FORMER NATIONSBANK EXECUTIVE, CHOSEN TO HEAD CAPITAL BANK'S INTERNATIONAL DIVISION

 MIAMI, Oct. 14 /PRNewswire/ -- David Konfino, a former senior vice president of NationsBank with extensive international banking experience, has joined Miami-based Capital Bank as executive vice president of the International Division, announced Daniel Holtz, Capital Bank's president and chief operating officer.
 "We are pleased that David Konfino passed up another major banking opportunity to take the helm of our highly successful international banking operation," Holtz said. "With more than 20 years of banking experience, he brings extraordinary credentials to his new position.
 "David has a truly global perspective of international banking. Under his leadership of this division, we look forward to reaching beyond our traditional Latin American base to other markets, such as Europe, Asia and the Middle East. Additionally, we intend to expand our market presence in one of the most significant segments -- domestic trade finance."
 Before joining Capital Bank, Konfino had served as a NationsBank senior vice president. Since June 1992, he has overseen the selection of a new international banking system for NationsBank. Earlier, he had steered the formulation of NationsBank's corporate strategy for Caribbean and Latin American markets, developing a comprehensive strategy for those markets. During this period, he continued to serve as chairman and president of NationsBank's Miami Edge Act bank.
 Konfino, who is fluent in Spanish, Portuguese, Bulgarian and Hebrew, had spent his 21-year domestic and international banking career with C&S National Bank and its successor banks, C&S/Sovran and NationsBank. As manager of the International Division for C&S/Sovran Corporation from July 1991 to January 1992, he oversaw a staff of 341 people spread throughout the Southeastern U.S. and several overseas representative offices. During that period when C&S/Sovran was merged with NCNB to form NationsBank, he also oversaw the integration of C&S/Sovran's International Division into NationsBank.
 Konfino said he is looking forward to heading Capital Bank's 15-year-old International Division, a leading provider of short-term trade-related financing with a correspondent network that extends to more than 700 banks in 80 countries. In 1992, Capital's International Division reported letter-of-credit confirmation volume and pre- and post- export financing volume of approximately $1 billion.
 "This is an exciting opportunity for me to work with a dynamic independent bank with an excellent international banking franchise," Konfino said. "I had become acquainted with Capital as a formidable competitor in the marketplace. As part of the Capital Bank team, I want to continue to build on current strengths in the area of trade-related financing in Latin America.
 "It is my intention to further strengthen our correspondent banking network to better serve the potential and existing needs of South Florida importers and exporters. There is currently an untapped potential in terms of fulfilling the needs of South Florida importers and exporters. We at Capital Bank will listen closely to the marketplace and develop new products or services, where feasible, to better serve this customer segment."
 Miami-based Capital Bank, which has 28 South Florida offices, is a wholly owned subsidiary of Capital Bancorp, which had total assets of $1.23 billion and deposits of $903 million at June 30, 1993. Capital Bank also has a factoring subsidiary, Capital Factors, Inc., which has offices in Fort Lauderdale, New York and Los Angeles.
 -0- 10/14/93
 /CONTACT: Joann Makris, senior vice president of marketing, Capital Bank, 305-536-1560/


CO: Capital Bank ST: Florida IN: FIN SU: PER

AW -- FL001 -- 2055 10/14/93 09:18 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 14, 1993
Words:570
Previous Article:HEALTHWATCH ANNOUNCES FUNDING AGREEMENT WITH THE ROCKIES FUND
Next Article:GRACE TO REDEEM 6 1/2 PERCENT CONVERTIBLE SUBORDINATE DEBENTURES
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters