City National Bank Expands Footprint in Palm Beach County with Office in PGA Boulevard

‍CNB Palm Beach Gardens Office Offers Tailored Banking Services, Focuses on Local Decision Making, Driving Growth in Palm Beach and Martin Counties.

MIAMI, FL – (August 29, 2024) – City National Bank of Florida (CNB) has launched a new office providing private and commercial banking services to clients in Palm Beach Gardens and the southern reaches of the Treasure Coast. The Palm Beach County expansion underscores CNB's continued growth in South Florida, where the bank has been cultivating relationships and serving the needs of businesses, professionals, families, and high net worth individuals for more than 75 years.

Now open at 5100 PGA Boulevard, CNB’s newest office will strengthen the $26 billion bank’s reach into Palm Beach and Martin counties, two of the fastest-growing counties in Florida. The office is in the PGA Commons retail plaza, situated along PGA Boulevard between I-95 and Florida’s Turnpike. CNB will occupy a 4,200 square foot space within the center.

The expansion of CNB into Palm Beach Gardens coincides with continued population growth in Palm Beach County, which welcomed nearly 30,000 new residents from 2020 through 2023, according to the Business Development Board of Palm Beach County. The new office will focus on serving clients in Palm Beach Gardens, Jupiter, Tequesta, West Palm Beach, and Palm Beach Islands, complementing the reach of CNB’s existing banking centers in Delray Beach and Boca Raton.

“Palm Beach County and the Treasure Coast are among the fastest-growing communities in Florida, so it’s fitting that we’re expanding our presence in the region. CNB’s new office in Palm Beach Gardens will position our team to serve existing clients as well as the influx of people and businesses putting down roots in Palm Beach and Martin Counties. Our focus on relationship banking and local decision-making has been well-received in Palm Beach County over the years, and we’re eager to deepen our presence in the region,” CNB Vice Chairman and CEO Jorge Gonzalez said.

The Palm Beach Gardens office will offer personalized services in private banking, residential lending, commercial real estate, wealth management¹, and corporate and commercial banking. The office will be led by David Albright, Market Executive for Palm Beach County and Luis Adarve, Senior Vice President and Director for City National Private.

CNB’s Palm Beach expansion aligns with the bank’s steady growth in key markets across Florida and increased presence beyond its home base of South Florida – into Orlando and Tampa. As part of its evolution as a statewide brand, CNB has forged partnerships with various entities, such as the NBA’s Orlando Magic, and supports more than 200 Florida-based nonprofits each year reflecting its dedication to supporting local initiatives and fostering community growth.

About City National Bank of Florida

City National Bank of Florida (CNB) is the financial institution to which Floridians have turned for more than 75 years. Based in Miami, CNB has a presence across South and Central Florida with 1,000 employees statewide. With more than $26 billion in assets, CNB is one of the state’s largest financial institutions and one of the nation’s fastest-growing banks. CNB is a subsidiary of Chilean bank Banco de Credito e Inversiones (Bci) and remains a community-centric bank guided by local decision-making, with services including commercial banking, real estate lending, private banking, wealth management, international banking, treasury management, corporate services, commercial real estate, residential mortgages, and a capital markets group which offers loan syndication, specialty finance and capital placement. CNB is rated 5 stars "Superior" by BauerFinancial and has earned an “Outstanding” Community Reinvestment Act rating for its lending in underserved communities for more than 20 consecutive years. The bank has been certified a Great Place to Work® and has repeatedly been recognized as one of the nation’s “Best Banks to Work For” by American Banker magazine.

¹Investment products are not insured by the FDIC or by any federal government agency. They are not a deposit or other obligation of, or guaranteed by, City National Bank of Florida or any of its affiliates. They are subject to investment risks, including possible loss of the principal amount invested.  Some securities may be provided by Bci Securities, Inc. Bci Securities, Inc is a registered broker-dealer and insured by SIPC. Bci Securities is an affiliate of City National Bank of Florida under common ownership.

‍The content in this article should not be taken as advice coming from City National Bank of Florida. City National Bank of Florida does not offer tax, legal or accounting advice.

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