First National Bank of South Miami (FNBSM) is pleased to announce the hiring of Edward J. Vargas as Senior Vice President, Senior Credit and Risk Officer. Vargas is responsible for evaluating loan requests as well as managing the bank’s lending risk including monitoring of concentrations, loan grades, and portfolio trends.
Vargas brings to FNBSM a unique and critical skill set, having been a National Bank Examiner for 20 years where he specialized in loan portfolio management, BSA compliance, Information Technology, internal controls evaluation and evaluation of compliance with safety and soundness laws.
“We are very excited about the addition of Vargas, he possess strong risk management, communication and interpersonal skills.” commented Bruce Wirtz MacArthur, Chairman of the board for FNBSM. “His many years of experience in risk management and his expertise in credit risk will facilitate the continued strong growth in our loan portfolio. He will work closely with our experienced team of Commercial Loan Officers which is led by Stephen Moynahan.” Veronica Flores, EVP at FNBSM added, “Ed’s dynamic interpersonal skills are the perfect complement to our already strong senior management team. We are excited to have him on our team!”
First National Bank of South Miami enjoys great stability as an independent community bank at the same location and under the same ownership since 1952, offering the latest technology coupled with unparalleled service.