Bank of Florida Fort Lauderdale today announced that Steven W. Hudson, President and CEO of International Yacht Collection (IYC), has been elected to its Board of Directors. Bank of Florida Fort Lauderdale was established in 2002, and has grown to approximately $250 million in assets, with a headquarters office and banking center in downtown Fort Lauderdale and a branch location in Coral Ridge; a third banking center is scheduled to open this summer in Aventura.

Since 1999, Mr. Hudson has led IYC's five worldwide offices, which specialize in new construction, brokerage, charter, yacht management and crew placement for yachts 80 feet and above. Mr. Hudson has also served as President and CEO since June 1997 of Hudson Capital Group (HCG), a private investment firm focused on the acquisition, development and management of varied real estate assets. Since that time, HCG has developed over 2,000 apartment and condo units in Fort Lauderdale, Naples, Tampa, Orlando and Dallas. Additionally, HCG, through its affiliate companies, owns and manages several warehouse, retail and office buildings located in South Florida.

Previously, Mr. Hudson served as a Division Vice President for Republic Services, Inc., a leading provider of environmental services for commercial, industrial, municipal and residential customers, and held various positions with Hudson Management Corp., a holding company for several solid waste services companies located in Florida.

"On behalf of the Bank of Florida Fort Lauderdale's Board of Directors, I am pleased to welcome Steve Hudson to the Board of Directors," said Bank of Florida Fort Lauderdale Chairman Harry K. Moon, M.D. "His experience, business acumen and strong professional and personal ties to South Florida complement and strengthen our board's outstanding membership. Steve has a keen understanding of South Florida's business environment and will further our efforts to better serve our clients and our community."

"We are so pleased to welcome Steve as a member of our Board of Directors, all of whom have been instrumental in the continuing growth of our bank," said Bank of Florida Fort Lauderdale President and CEO Mark Manitz. "The depth of Steve's experience in the marine industry, which has an estimated annual economic impact in Broward County of more than $10.8 billion, his experience in commercial and multi-family real estate, and his private investment expertise make him a valuable resource and important asset to our team. We serve a broad spectrum of individuals, business owners and professionals, and Steve's personal and professional knowledge will be very important as our bank continues to respond to the financial needs of our clients and our community."

"I live, work and raise a family in this community, that's why I embraced the opportunity to become more actively involved in the leadership of a financial institution that shares my commitment to the continuing development and betterment of South Florida," said Steve Hudson. "Like International Yacht Collection, Bank of Florida is dedicated to meeting clients' unique needs by focusing on delivering the right services complemented by an exceptional customer experience. That shared corporate philosophy made this board position a natural fit."

Mr. Hudson is actively involved with the Humane Society of Broward County, Boys and Girls Clubs of Broward County, the Joe DiMaggio Children's Hospital Foundation, Nova Southeastern University, Pine Crest Preparatory School and the Fort Lauderdale Museum of Art.

A Broward County native who currently resides in Fort Lauderdale, Mr. Hudson is a Pine Crest School graduate, and earned a Bachelor of Arts degree in Business Economics from Southern Methodist University in Dallas, Texas. Mr. Hudson is married with two young children.

Bancshares of Florida, Inc. (Nasdaq: BOFL, Newspaper listing: "BcshFla") is a $620 million-asset multi-bank holding Company located in Naples, Florida. Bancshares is the parent company for Bank of Florida - Southwest and Bank of Florida Trust Company, both based in Naples, Florida; Bank of Florida, based in Fort Lauderdale, Florida; and Bank of Florida - Tampa Bay, based in Tampa, Florida, collectively referred to as the "Company." In addition, Bank of Florida in Fort Lauderdale maintains a full-service banking facility in Boca Raton, Florida.

Release link: 

Related:  Bank - Elected