Iglesias Appointed, Wynn Reappointed to Miami Branch Board of Directors

For immediate release: January 16, 2019

Abel L. Iglesias, president and chief executive officer of Professional Bank, has been appointed and Michael A. Wynn, board chairman and president of Sunshine Ace Hardware, has been reappointed to the board of directors of the Federal Reserve Bank of Atlanta's Miami Branch. Their terms began January 1, 2019, and run through December 31, 2021.

Iglesias has served as president and chief executive officer of Professional Bank, headquartered in Coral Cables, Florida, since 2016. From 2013 to 2016 he was executive vice president and chief lending officer at Professional Bank. Before that, he was president and chief executive officer of JGB Bank N.A., senior executive vice president at BankUnited FSB, executive vice president and chief lending officer South Florida region for Colonial Bank, and executive vice president and chief lending officer of Eastern National Bank.

Iglesias is on the board of directors of Doctor's Hospital and Miami Dade College Center for Financial Training, for which he is a former chair. He is also former chair of Friends of WLRN and a former board member of the Latin Builder's Association and City of Coral Gables Historic Preservation.

He earned a bachelor's degree from Barry University and an MBA from the University of Miami.

Wynn has served as board chairman and president of Sunshine Ace Hardware in Naples, Florida, since 2005. He has held various positions with increasing responsibility with Sunshine Ace Hardware since 1992.

Wynn is a member of several boards of directors including, the Greater Naples Chamber of Commerce, Leadership Collier Foundation (immediate past chair), Moorings Park Institute, and the Southwest Florida Economic Development Alliance. He is a member of the Young Presidents' Organization and serves on the advisory board of Florida Gulf Coast University (FGCU) Management.

Wynn received a bachelor's in business administration from the University of South Florida in 1997 and a master's in business administration from FGCU in 2005. He was awarded Hardware Industry's Top Gun Award, presented by the National Retail Hardware Association, in 2014; a finalist for the Ernst & Young Entrepreneur of the Year Award in 2014; Junior Achievement's Business Hall of Fame Laureate in 2014; 2017 FGCU Alumni of the Year; and the 2017 Gulfshore Business Best Boss for a Large Company.

Federal Reserve Bank of Atlanta branch directors provide economic information from their industries and the branch territory to the district bank's president and head office directors, who use the information in discussing monetary policy options and making discount rate recommendations. Wynn was reappointed to the board of directors of the Federal Reserve Bank of Atlanta's Miami Branch by the Federal Reserve Board of Governors in Washington DC. Iglesias was appointed by the Atlanta Fed's board of directors. The Board of Governors appoints three Miami Branch directors, and the Atlanta head office directors appoint four.

Contact: Jean Tate 404-498-8035