Professional Holding Corp. reported that Abel L. Iglesias has been elected chief executive officer of the company, following the departure of Daniel R. Sheehan by mutual agreement with their respective Boards of Directors. Mr. Sheehan had served as a director of the Bank since its inception in 2008, Chairman of the Board of the Bank since 2013, Chief Executive Officer of the Bank since 2019, and Chairman of the Board and Chief Executive Officer of the Company since its inception in 2014.

Mr. Iglesias has been with the bank since 2013. He currently serves as a director of the Company and the Bank and as the Bank's President, a position he has held since 2016, and was additionally named as Chief Operating Officer of the Bank in 2019.