SOURCE: City National Bank of Florida

City National Bank of Florida

February 03, 2014 09:00 ET

City National Bank of Florida Voted Best Community Bank, Best Business Bank, Best Bank for Commercial Real Estate Lending and Best Bank for Jumbo Loans by the Readers of the Daily Business Review

MIAMI, FL--(Marketwired - February 03, 2014) - City National Bank of Florida (CNB) is pleased to announce that it has been voted "Best Community Bank," "Best Business Bank," "Best Bank for Jumbo Loans" and "Best Bank for Commercial Real Estate Lending" by the readers of the Daily Business Review. In addition, the bank was voted a "Top Private Bank."

The Daily Business Review encouraged readers to cast votes for their favorite companies in more than 57 categories of businesses supporting the legal, real estate and finance communities. More than 9,500 votes were cast and results are highlighted in the Daily Business Review's "Best of 2013" magazine.

"City National Bank has a deep-rooted commitment to its clients and the communities it serves, and these awards highlight our dedication to deliver a best-in-class client experience based on personal relationships, and local decision-making," CNB President and Chief Executive Officer Jorge Gonzalez said.

"I am grateful for the vote of confidence from the readers of the Daily Business Review and the community," Gonzalez added. "These awards would not be possible without the loyalty of CNB's clients and dedicated team members."

In 2011 and again in 2013, CNB was also honored as "Community Bank of the Year" by the South Florida Business Journal and received the "Outstanding Community Service Award" from the same publication in 2012. 

CNB gives back to many charities and civic groups through sponsorships, volunteer efforts of its employees, employee fundraising campaigns and corporate donations. Among these organizations are United Way, YMCA of Broward, Big Brothers/Big Sisters, Make-a-Wish Foundation, The Children's Home Society, the Mt. Sinai Foundation, Miami Art Museum, Miami International Book Fair, the Chapman Partnership (formerly the Community Partnership for the Homeless) and community development groups in cities throughout South Florida, including Opa-Locka and North Miami Beach. 

City National Bank has received an "Outstanding" Community Reinvestment Act (CRA) rating for 12 consecutive years from regulators. 

In addition, City National Bank received the coveted five-star "Superior" rating from BauerFinancial, the leading bank ratings firm, for seven consecutive quarters. BauerFinancial has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983.

City National Bank is one of the top lenders in Florida, with $1.75 billion in lending in the past two years. CNB has consistently ranked in the top 50 of all large U.S. banks in terms of profitability, efficiency and asset quality. The bank is launching new small business lending products, with a wide variety of SBA lending offerings that will fit the needs of various businesses, from professional services to retail, manufacturing and distribution companies. The bank has also shown significant growth in its commercial lending.

With more than $4.9 billion in assets, City National Bank of Florida is the fifth-largest Florida-based bank. The bank completed a record year in 2012 with $69.9 million in pre-tax, pre-amortization income. The first nine months of 2013 for City National Bank saw growth in net income, assets, loan portfolio, deposits and core earnings. 

In May 2013, Banco de Credito e Inversiones (Bci) signed a definitive agreement to purchase CNB, which will further enhance the bank's reach, strength and community involvement. 

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 and 2013. CNB offers a diversified portfolio of financial products and services at 26 convenient banking centers from Miami-Dade County to the greater Orlando area.

Contact Information