Longtime banking executive and national public official Bill Isaac, whose career ran from chairman of the Federal Deposit Insurance Corp. during the 1980s to helping grow a Sarasota trust firm in the 2020s, has announced his retirement.
Issac, who has lived in Sarasota’s Lido Shores neighborhood for some 20 years, in a waterfront home currently listed for sale for $13.9 million, had most recently been chairman of Sarasota Private Trust and Cleveland Private Trust. The trust entities offer wealth management, co-investing and trust services, in addition to advice in tax planning and philanthropy. The firms, including affiliates, have over $35 billion in assets under administration.
Issac’s role in helping to launch and grow Sarasota Private Trust is part of a longer and larger relationship with Howard Milstein and the Milstein family, owners of New York Private Bank & Trust and Emigrant Bank. Issac served on the boards of those entities, too, which own parts of Sarasota Private Trust…