The South Florida Business Journal recently reported in November 2021 that Miami-based Intercredit Bank has added two hires to its leadership team more than a year after it was purchased by the majority owner of Ecuador’s largest private bank. Matthew Cordis has been named EVP and COO of Intercredit Bank after serving on the bank’s board of directors from 2017 to 2020. Joining the bank as SVP and residential lending officer is Annelise Ferrer, a 30-year veteran of South Florida’s mortgage banking industry. Ferrer will oversee the bank’s mortgage lending portfolio with domestic and international clients as well as contributing to the increase of the bank’s deposit portfolio.

In June 2020, Intercredit Bank was acquired by Fidel Egas Grijalva for an undisclosed amount. The Ecuadorian businessman and banker is the majority shareholder of both Banco Pichincha and Diners Club Ecuador. https://www.bizjournals.com/southflorida/news/2021/11/10/intercredit-bank-names-two-executive-hires.html

As reported on by Law360, midsize law firm Gfeller Laurie LLP went through a growth spurt in October 2021 opening a new Philadelphia office and adding four attorneys to its northeast locations in Philadelphia; West Hartford, Connecticut; and Princeton, New Jersey. Gfeller Laurie launched its Philadelphia office in October at One Liberty Place on Market Street when it welcomed liability attorney Chimdi G. Tuffs to the firm. The Philadelphia market has always been a target for the firm. https://www.law360.com/pulse/connecticut-pulse/articles/1435566/gfeller-laurie-opens-philly-office-adds-attys-in-pa-nj-conn-?nl_pk=7c481884-c22d-4a38-b934-f4be0c78ed3a&utm_source=newsletter&utm_medium=email&utm_campaign=pulse/connecticut-pulse&read_more=1

In a thought leadership article for the Miami Herald which published on November 8, 2021, Vice President Regan Marock with AKAM property management, discusses the trend where condominium communities are transitioning from self-management to third-party professional management. Contributing to this trend is the increasing amount of time required by volunteer Boards, changing resident demographics skewing younger and still working full-time, and the level of education and experience needed to effectively operate the property. After the recent building tragedy in Surfside, more Boards of self-managed communities are making the change, handing over Association responsibilities to a professional management company. https://www.miamiherald.com/news/business/article255568911.html