SOURCE: City National Bank of Florida

October 21, 2013 11:21 ET

City National Bank of Florida Receives 5-Star Bauer Rating for Sixth Consecutive Quarter

MIAMI, FL --(Marketwired - October 21, 2013) - BauerFinancial recently released its bank ratings and for the sixth consecutive quarter City National Bank of Florida (CNB) received a five-star "Superior" rating. This is the highest possible rating and was achieved by only 17% of banks headquartered in Florida.

"We are pleased that City National Bank of Florida continues to be recognized as one of the state's strongest, most profitable and best capitalized banks," CNB President and CEO Jorge Gonzalez said. "To be recognized by BauerFinancial for the sixth consecutive quarter is the result of consistently delivering best-in-class service to our clients." 

Coral Gables-based BauerFinancial, the leading bank ratings firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. Using federal regulatory data to rate banks based on capital ratio, profit/loss trends, delinquent loans and other factors, it ranks banks from zero to five stars, with five stars signifying its "Superior" rating.

With more than $4.9 billion in assets, City National Bank is the fifth-largest financial institution in Florida. The bank completed a record year in 2012 with $69.9 million in pre-tax, pre-amortization income. The success continued into the first and second quarter of 2013, with CNB receiving BauerFinancial's five-star Superior ratings. The second quarter of 2013 for City National Bank saw growth in net income, assets, loan portfolio, deposits and core earnings. 

The bank's commitment to client service was recognized by the South Florida Business Journal which named CNB "Business of the Year" in 2013. In addition, the readers of the Daily Business Review voted City National Bank the "Best Business Bank" in 2012. 

About City National Bank of Florida

Headquartered in Miami, City National Bank (CNB) is the financial institution to which Floridians have turned for more than 65 years. The fifth-largest financial institution in the state, City National Bank is one of the most liquid and best capitalized banks in Florida and is rated 5 stars "Superior" by BauerFinancial. CNB was named Business of the Year by the South Florida Business Journal, and voted the Best Business Bank by the readers of the Daily Business Review. The bank was also named the South Florida Business Journal's Local/Community Bank of the Year in 2011. CNB offers a diversified portfolio of financial products and services at 26 convenient banking centers from Miami-Dade County to the greater Orlando area.

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