Dan Sheehan, a co-founder and former CEO of Professional Bank, has also joined Vista to lead the bank’s operations in the Sunshine State.
“After 111 years of serving entrepreneurs and their families throughout Texas, we are thankful to have the opportunity to expand our footprint into Florida with a seasoned local professional like Dan Sheehan,” Vista CEO John Steinmetz said in a prepared statement. “Together, we will provide a concierge-level banking experience to small and middle-market companies and the bold entrepreneurs that risk their capital every day.”
Steinmetz said he has gotten to know Sheehan after working with him on various initiatives during the past few years.
Sheehan headed Coral Gables-based Professional Holding Corp., the parent company of Professional Bank, from its launch in 2014 until he stepped down last year. During that time he led the company through a $60 million public offering in early 2020. Seacoast Bancorp acquired Professional in February in a deal valued at more than $488 million.
In a statement, Sheehan said he looks forward to helping Vista expand into “new, attractive markets across Florida, starting with Palm Beach County.”
“John has created a unique culture with talented banking professionals, and I know Vista’s ‘People First’ culture will resonate well across Florida’s banking landscape,” Sheehan said. “Vista’s strong financial position and strategic M&A interests in pro-business states like Florida will fuel our ability to scale the Bank and compete nationally.”