News Summary
City National Bank of Florida is relocating its headquarters to Downtown Coral Gables, taking over a 145,000-square-foot office space. The bank plans to enhance its operations by consolidating three offices while increasing its workforce by 20%. The new City National Financial Center will feature modern amenities and is set to open in 2026. This move signals CNB’s commitment to growth and its role in the local economy.
Florida – City National Bank of Florida (CNB) is set to establish its new headquarters in Downtown Coral Gables, moving into a significant 145,000-square-foot office space previously occupied by Bacardi USA. The property at 2701 S. LeJeune Rd. will undergo renovations and be renamed the City National Financial Center, officially opening its doors in 2026. The bank plans to increase its workforce by 20% over the next 18 months, reflecting its growth trajectory and ongoing commitment to expanding its operations.
Currently, CNB stands as one of the two largest banks based in Florida and ranks among the top 75 commercial banks in the United States by asset value. Over the past 15 years, the bank has seen substantial growth, with its assets skyrocketing from $3 billion to a remarkable $27 billion. The workforce has also exceeded 1,000 employees, showcasing both employment and financial progress within the institution.
CNB’s relocation signifies the consolidation of three existing office spaces located in Downtown Miami, the Brickell Financial District, and Coral Gables. By moving to the new headquarters, various key business lines, including private banking, international banking, small business banking, wealth management, and commercial and corporate banking, will be housed under one roof, enabling better operational efficiency and collaboration.
The new facility, originally constructed in 2009, will benefit from a multimillion-dollar renovation, introducing modern amenities such as a conference center, a fitness center, and an onsite café for the convenience of employees and clients alike. A state-of-the-art Client Experience Center is also set to be part of the first floor, designed to create a flexible environment for team members to effectively engage with clients.
This transaction marks the largest office lease in the South Florida region for the year, underscoring the bank’s significant investment in the area. Its strategic location offers convenient access to Miami International Airport and is in proximity to notable local attractions, including Merrick Park and Miracle Mile.
Currently, CNB resides in the Miami Tower at 100 Southeast Second Street, a building it expanded into in 2018. The bank’s history dates back to its establishment in 1946 in North Miami Beach, and since then, it has built a reputation for supporting the local economy and providing crucial banking solutions.
Recent initiatives by CNB include launching a national capital markets group and implementing programs aimed at enhancing small business banking services, highlighting the bank’s focus on serving both individual and larger institutional clients effectively. With the opening of its new headquarters and the anticipated workforce expansion, City National Bank of Florida continues to make strides in the banking sector and local community, positioning itself for additional growth and customer engagement in the years ahead.
CBRE facilitated the lease transaction, representing both the building owner, Ponte Gadea, and City National Bank, ensuring a smooth transition to the new headquarters as the bank gears up for its next chapter in Coral Gables.
Deeper Dive: News & Info About This Topic
- Coral Gables News: City National Bank of Florida to Expand Corporate HQ in Gables
- Wikipedia: City National Bank of Florida
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- Google Search: City National Bank of Florida
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- Encyclopedia Britannica: Banking
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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.
