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  6. City National Bank of Florida Acquires Executive Banking

M&A Deal Summary

City National Bank of Florida Acquires Executive Banking

On September 25, 2019, City National Bank of Florida acquired financial services company Executive Banking

Acquisition Highlights
  • This is City National Bank of Florida’s 1st transaction in the Financial Services sector.
  • This is City National Bank of Florida’s 1st transaction in the United States.
  • This is City National Bank of Florida’s 1st transaction in Florida.

M&A Deal Summary
Date 2019-09-25
Target Executive Banking
Sector Financial Services
Buyer(s) City National Bank of Florida
Deal Type Add-on Acquisition
Advisor(s) Keefe, Bruyette & Woods (Financial)
Smith Mackinnon (Legal)

Target

Executive Banking

Miami, Florida, United States
Executive Banking Corp. is a full-service community bank offering personal and business banking, lending, with a long-standing niche in community association banking. Executive National bank consistently ranks as one of the healthiest banks in the country and, for the past twenty-nine consecutive quarters, has received a 5-Stars “Superior” rating from BauerFinancial for its financial stability. Executive National Bank has proudly served South Florida communities for more than 40 years.

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Buyer(S) 1

Buyer

City National Bank of Florida

Miami, Florida, United States
Category Company
Sector Financial Services
DESCRIPTION

City National Bank of Florida is the financial institution to which Floridians have turned for more than 70 years. With more than $15 billion in assets, CNB is one of the largest financial institutions based in the state. CNB is a subsidiary of Chilean bank, Banco de Credito e Inversiones (Bci), and remains a South Florida-based community bank with local decision-making. CNB is rated 5-stars "Superior" by BauerFinancial. CNB was voted Best Community Bank, Best Business Bank, Best Bank for Commercial Real Estate, Best Bank for Jumbo Loans, Best Private Bank, and Best Foreign National Mortgage Lender by the readers of the Daily Business Review, and named Business of the Year by the South Florida Business Journal. CNB offers a diversified portfolio of financial products and services from Miami-Dade County to Central Florida.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
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