WASHINGTON This time next week, U.S. President Donald Trump will be an ex-president facing an impeachment trial in the Senate that could doom his political future, and a series of looming lawsuits over business dealings and allegations of sexual assault. But Trump’s staggering level of debt may be the most lasting repercussion of his presidency as he’s racked up millions in unpaid bills from rallies, security costs, bank loans and other unknown sources. Paying back that money could be increasingly difficult for Trump as more companies cut ties with him and the Trump Organization in the wake of the Capitol riot.
Chris Jackson/Getty Images
Professional Bank on Tuesday said that it would no longer provide banking services to President Donald Trump or the Trump Organization.
The Florida-based bank lent Trump $11.2 million in 2018 so that he could purchase an $18 million home next to his Mar-a-Lago club for his sister, Maryanne Trump Barry.
Professional Bank will be winding down the relationship effective immediately, a representative told Bloomberg.
Professional Bank joined Deutsche Bank and Signature Bank, two of Trump s favored banks, in cutting ties with the president following the riot at the US Capitol last week.
Professional Bank on Tuesday said that it would no longer do business with President Donald Trump and the Trump Organization.