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Tampa Bay-Lakeland
Business Observer Thursday, Oct. 5, 2017 2 years ago

Area bank CFO departs for investment firm

Richard Mocsari moved from GulfShore Bank to Validus Group Partners.

TAMPA — Richard Mocsari, former CFO of GulfShore Bank, joined Tampa-based Validus Group Partners Ltd. as CFO.

According to a press release, Mocsari will lead the firm's finance and accounting functions, along with corporate finance duties related to Validus' current holdings and new investments in the medical device, senior living, commercial real estate and financial services sectors.

During his six years at GulfShore Bank, Mocsari helped raise both institutional private equity and local capital. The bank also achieved double-digit annual growth in assets, loans and profits — leading to the sale of the company to Seacoast Bank in a transaction valued at more than $70 million upon closing in April 2017.

“We believe in hiring the best people, giving them the tools they need to succeed, and then letting them drive the growth of our firm,” says Validus founder Mario Garcia Jr. in a statement. “We are thrilled to have Richard on our team and look forward to leveraging his experience to support our long-term investment approach and our portfolio of companies.”

Mocsari also served in executive roles for Sembler Investments, CLB Partners and Bank of America.

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