Home to the Wirtz Gallery, First National Bank of South Miami is respected for its professionalism, integrity, security and solvency. Its quality has consistently earned it the recognition and highest ratings from independent analysts. Its continued quality and active role in the South Miami Community has earned it many loyal customers throughout the years. Since 1952, First National Bank of South Miami has dedicated its resources to serving the financial needs of every sector. Its first priority is to ensure that it meets the financial needs of its customers without delay. Knowing its customers well has allowed it to develop and provide detailed, individual assistance to its clients, and provide award-winning services. These services include personal banking, commercial banking, trust and investments, convenience banking and electronic banking. First National Bank of Miami now has two locations to choose from.
Pablo Rodriguez has been FNBSM’s Chief Financial Officer since 2003. Mr. Rodriguez oversees the Bank’s accounting, tax, treasury and financial planning/analysis functions. He is the chairman of the Bank’s Asset/Liability Committee and a member of various other Bank committees.
Along with our consultants Wright Investor Services he works with clients to design and implement asset allocation strategies and financial plans that meet their unique circumstances, risk tolerance, goals and objectives.
Living trusts are created for as many reasons as there are individuals with diverse objectives and requirements. The living trust is designed to provide care and security to the living and provides a post mortem estate plan and schedule to meet the wishes of the grantor. In so doing, tax savings may be derived, families are provided for, wealth is preserved, and uncertainty is avoided.
Since 1956, affluent South Floridians have relied on the enduring presence of First National Bank of South Miami’s Trust and Wealth Management Department to reach their financial and philanthropic goals. As a trustee, we dedicate ourselves to the protection and preservation of your assets, paying scrupulous attention to the details of your trust. While maintaining objectivity, we have the necessary experience to exercise discretion and make tough decisions on your behalf.
Our Senior Portfolio Manager, Marcelino “Manny” Pendas has a BBA in Finance and Master’s in Accounting from Florida International University. He has over 35 years of experience working with some of the largest international financial institutions assisting ultra-high net worth families with their fiduciary and investment management needs.
Your Local Trust Administrator: Discuss the day-to-day operation of your trust with your administrator, as well as year-end tax planning, gifting and estate planning strategies.
Allows only non-deductible contributions and features tax-free withdrawals for certain distribution reasons after a five-year holding period. Qualified distributions of earnings from a ROTH IRA are not subject to federal income taxes. We offer various terms for traditional or ROTH IRAs.¹