City National Bank of Florida | banks in the United States

City National Bank of Florida (CNBFL), based in Miami, Florida, is the second-largest financial institution in the state with over $22 billion in assets. CNBFL has 32 branches, from Miami-Dade County to the greater Orlando area, and nearly 1,000 employees. Since 2015, CNBFL has been owned by Chilean bank Banco de Crédito e Inversiones.

City National Bank of Florida was born out of a handshake in 1926. Harvard-trained entrepreneur Baron de Hirsch Meyer met Leonard Abess, an accountant from Providence, Rhode Island, who had come to Miami. From the moment they met, their partnership focused on helping small businesses thrive by making loans to companies that otherwise would not have access to credit.
City National Bank of Florida

Nearly a decade after their first encounter, the partners opened the pre-cursor to City National Bank, North Shore Bank in 1946. The bank was located on 71st Street in North Miami Beach.

City National Bank of Florida established various banks under the City National Bank name. When federal regulations allowed, the locations were all merged into one City National Bank of Florida name.

Throughout the next 75 years, City National Bank of Florida expanded into Broward and Palm Beach counties, as well as the Orlando and Winter Park communities and Tampa, building a business and a reputation for practical, prudent banking and a best-in-class client experience. City National Bank of Florida continues to grow and evolve, but its foundation remains the same.

 

City National Bank of Florida

 

History of City National Bank of Florida

City National Bank of Florida was established in 1946 when Leonard L. Abess, Sr., Max Orovitz, and Baron de Hirsch Meyer founded the North Shore Bank on 71st Street in Miami Beach. In the 1950s, Industrial National Bank at 46 West Flagler Street was added and the bank moved into new headquarters at 25 West Flagler Street. CNBFL’s corporate offices are located in Downtown Miami’s Miami Tower. CNBFL has branches in Broward and Palm Beach counties as well as the Orlando and Winter Park, Florida communities.

Caja Madrid, based in Spain, approached CNBFL in early 2008 and purchased the bank. In 2009, Jorge Gonzalez, a 20-year veteran banker with Wachovia, became the president and CEO of CNBFL. In May 2013, Bankia, formerly Caja Madrid, announced that it had signed an agreement to sell CNBFL to Banco de Credito e Inversiones (BCI), based in Chile.

In December 2017, CNBFL acquired TotalBank from Banco Santander for $528 million. TotalBank had been a subsidiary of Banco Popular Español, which Santander absorbed in 2017. In July 2018, the branches of TotalBank were converted to CNBFL locations. CNBFL acquired Executive National Bank, in 2020.

City National Bank of Florida’s 12 Board of Directors are Chairman Fernando Capablanca, Marcela Perez de Alonso, Mark B. Rosenberg, Neisen O. Kasdin, Esq., Maria Grisel Vega, Eugenio von Chrismar Carvajal, Ronald Lindhart, Diego Yarur Arrasate, Charles C. Papy, Carlos Becerra, Jaret L. Davis and Jorge Gonzalez.

 

City National Bank of Florida

 

Awards and recognition of City National Bank of Florida

City National Bank of Florida has been recognized for its community involvement and has held an “Outstanding” community reinvestment rating from the Office of the Comptroller of the Currency (OCC) for the past 18 years. It continues to be one of the most liquid and best-capitalized banks in Florida and is rated 5 stars “Superior” by BauerFinancial. CNBFL was named one of the Best Banks to Work For by American Banker magazine, for two consecutive years. CNBFL was voted Best Community Bank, Best Business Bank,

Best Bank for Commercial Real Estate, Best Bank for Jumbo Loans, Best Private Bank, and Best Foreign National Mortgage Lender by the readers of the Daily Business Review for the eight consecutive years as of 2020. The South Florida Business Journal named it Business of the Year in 2013 and Community Bank of the Year in 2013 and 2011.

 

City National Bank of Florida

 

CNBFL was the only retail bank in Florida that had no customer complaints filed against it with state regulators in 2011. The bank posted record earnings in 2012. These benchmarks have earned City National Bank recognition by the community, media and analysts:

  • Named Business of the Year by the South Florida Business Journal in 2013
  • Voted the Best Business Bank by the readers of the Daily Business Review in 2012
  • 5-Star “Superior” rating by BauerFinancial since June 2012 
  • Jorge Gonzalez named Ultimate CEO by the South Florida Business Journal 
  • Named the South Florida Business Journal’s Local/Community Bank of the Year in 2011. *Recognized by the South Florida Business Journal and received the Outstanding Community Service Award in 2012
  • Mara Suarez named Businesswoman of the Year by the Coral Gables Chamber of Commerce in 2013

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