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The bank that loaned Trump money to buy a $18 million home next to Mar-A-Lago is the latest lender to cut ties with the president following the US Capitol siege

The bank that loaned Trump money to buy a $18 million home next to Mar-A-Lago is the latest lender to cut ties with the president following the US Capitol siege

US President Donald Trump.
Chris Jackson/Getty Images




Florida-based Professional Bank said Tuesday it would no longer provide banking services to President Donald Trump or the Trump Organization.




The bank loaned Trump $11.2 million in 2018 so he could purchase a $18 million home next to his Mar-A-Lago club for his sister, Maryanne Barry Trump.




Professional Bank "will be winding down the relationship effective immediately," a spokesperson told Bloomberg.




Professional Bank joins the likes of Deutsche Bank and Signature Bank, two of Trump's favored banks, in cutting ties with the president following the riots at the US Capitol.




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Florida-based lender Professional Bank said Tuesday it would no longer do business with President Donald Trump and the Trump Organization.It joins two of Trump's biggest banking partners, Deutsche Bank and Signature Bank, in halting banking services with the president following the pro-Trump riots at the US Capitol on January 6, which left five people dead.Trump borrowed $11 million from Professional Bank in May 2018 to buy his sister, Maryanne Barry Trump, a $18 million home in Palm Beach next to his Mar-A-Lago club, Bloomberg reported. The loan has a 4.5% interest rate and matures in 2048, according to Trump's personal financial disclosure and county records, cited by Bloomberg."Professional Bank has decided not to engage in any further business with the Trump Organization and its affiliates, and will be winding down the relationship effective immediately," Eric Kalis, a spokesman for the Coral Gables, Florida-based company, said in an emailed statement to Bloomberg.
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