CARY – The private bankers responsible for lending to President Donald Trump and Jared Kushner have resigned from Deutsche Bank, the bank said.
“Rosemary Vrablic and Dominic Scalzi have tendered their resignations to Deutsche Bank, which has a significant presence in Cary, effective as of year-end, which was accepted by the bank,” Daniel Hunter, a spokesman for the bank said in a statement.
Vrablic and Scalzi have worked closely together for years since joining Deutsche Bank a decade ago. Vrablic was a trusted contact to the Trump Organization and Kushner and assumed the bank’s lending relationship with Trump in the private side of the bank after the commercial lending division stopped doing business with Trump.
Deutsche Bank has loaned the Trump Organization more than $300 million.
New York prosecutors subpoenaed President Donald Trump’s primary lender as part of the Manhattan district attorney’s criminal investigation into the President’s business practices, The New York Times reported in August.
Four people familiar with the inquiry told the newspaper that Deutsche Bank was subpoenaed last year for financial records that Trump and the Trump Organization provided the bank. The bank complied with the subpoena and provided the Manhattan district attorney’s office with financial statements, records and other materials, two of the people familiar told The Times.