News Summary
City National Bank of Florida is set to consolidate its operations into a new corporate headquarters in Downtown Coral Gables, occupying a 145,000-square-foot space. The bank aims to enhance collaboration and efficiency by centralizing key business operations at the new facility, set to open in 2026. With over 1,000 employees, CNB plans a 20% workforce expansion and is actively investing in new services, including small business banking and a national capital markets group. The move reflects CNB’s growth strategy amidst a competitive banking landscape.
Florida – City National Bank of Florida (CNB) has announced plans to consolidate its operations and move to a new corporate headquarters in Downtown Coral Gables. The bank will occupy a 145,000-square-foot space at 2701 S. LeJeune Rd. starting in 2026. This move marks a significant milestone, as it represents the largest office lease in the South Florida market this year.
The new headquarters, to be named the City National Financial Center, will bring together the bank’s workforce from its three existing locations in Downtown Miami, the Brickell Financial District, and Coral Gables. CNB currently employs over 1,000 individuals and has aggressive plans to expand its workforce by 20% over the next 18 months.
Founded in Miami in 1946, CNB has growth rates that exemplify its success as one of the two largest banks in Florida. The bank has seen a remarkable increase in assets over the past 15 years, skyrocketing from $3 billion to its current $27 billion. Alongside its relocation plans, CNB is also actively investing in expanding its services, most notably launching a national capital markets group and a new initiative focused on small business banking.
New Facility and Renovations
The facility at 2701 S. LeJeune Rd. is a 16-story Class A office space. Until 2023, it served as the headquarters for Bacardi USA. The building is set to undergo extensive renovations aimed at modernizing its lobby and common areas, while also introducing amenities like a fitness center and an onsite café.
Additionally, CNB plans to implement prominent signage displaying the bank’s name atop the building, further solidifying its presence in the region. A new Client Experience Center will also be constructed on the first floor to enhance customer interactions and services.
Strategic Move to Enhance Operations
The relocation aligns with CNB’s strategy to improve collaboration among teams and streamline operations across various departments. Key business operations, such as private banking, small business banking, international banking, and wealth management, will be centralized at the new headquarters.
The real estate transaction was facilitated by CBRE, who represented both the landlord and CNB in this significant move. The property, which boasts LEED Gold certification, offers a total of 210,000 square feet of office space along with 20,000 square feet of retail space. In December 2009, the building was sold to Ponte Gadea, owned by billionaire Amancio Ortega, for $62 million.
Future Outlook
With the transition set for 2026, the new headquarters not only symbolizes growth for CNB but also reflects the bank’s commitment to enhancing its services in major markets. As CNB expands its presence into nearby Broward and Palm Beach counties, as well as Orlando and Tampa Bay, this headquarters will serve as a critical hub for its operations and customer engagement.
In conclusion, City National Bank of Florida’s move to the new City National Financial Center in Coral Gables underscores its expansion strategy and commitment to enhancing operational efficiency within the competitive banking landscape of South Florida.
Deeper Dive: News & Info About This Topic
- Coral Gables News
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- Google Search: City National Bank of Florida
- The Real Deal
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- Bisnow
- Encyclopedia Britannica: Banking
- Commercial Observer
- Google News: City National Bank of Florida
Author: STAFF HERE PETERSBURG WRITER
ST PETERSBURG STAFF WRITER The ST PETERSBURG STAFF WRITER represents the experienced team at HEREStPetersburg.com, your go-to source for actionable local news and information in St Petersburg, Pinellas County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Grand Prix of St. Petersburg, Localtopia, and SHINE Mural Festival. Our coverage extends to key organizations like the St. Petersburg Area Chamber of Commerce and St. Pete Downtown Partnership, plus leading businesses in finance, manufacturing, and healthcare that power the local economy such as Raymond James Financial, Jabil, and Bayfront Health St. Petersburg. As part of the broader HERE network, including HEREJacksonville.com, HEREOrlando.com, HERETallahassee.com, and HERETampa.com, we provide comprehensive, credible insights into Florida's dynamic landscape.
