MIAMI – October, 2024 – Two of South Florida’s deepest-rooted institutions – the University of Miami and City National Bank of Florida (CNB) – are teaming up to create a new partnership that will span the entire university ecosystem as CNB becomes the Official Bank of the University of Miami.
The partnership will deliver a host of benefits and exclusive banking products to students, faculty, staff and alumni, including plans for a new banking center and ATMs on the University’s main Coral Gables Campus and possible other locations in the future. CNB will also become the Official Bank of the Miami Hurricanes, Official Bank of the U, and sponsor many community activities, including the University’s Centennial. The City National Bank brand will be visible from the football field to homecoming and across the University’s digital properties.
Founded in Miami in 1946, CNB has grown to become one of the largest banks based in Florida and today ranks among the 75-largest commercial banks in the U.S. by asset value, according to The Federal Reserve. Collaborating with the University provides CNB with an expansive platform for generating additional community impact and awareness as the bank pursues continued growth in South Florida and statewide.
“The University of Miami and City National Bank have been fixtures in South Florida for a combined 175 years, and we share a deep commitment to improving our community for future generations,” City National Bank CEO and Vice Chairman Jorge Gonzalez said. “That dedication to community forms the foundation for this innovative partnership. We’re excited to provide UM students, alumni, faculty, and staff with access to preferred banking services, while supporting Hurricanes Athletics and unlocking new opportunities for the partnership to make an impact in our backyard»
Key elements of the partnership include:
• Students, alumni, faculty, and staff will soon enjoy preferred banking services for the University of Miami community.
• Plans for a new CNB banking center on the University’s Coral Gables Campus, along with branded ATM machines at University facilities across South Florida.
• Presenting sponsor of the University’s “Hometown Hero” program, recognizing the people making a profound impact on our community.
• Presenting sponsor of all “Canes in the Community” programs, in support of student athlete involvement across South Florida.
• Recognition as a presenting partner of Miami Hurricanes football gameday festivities, including an on-site presence at the Hard Rock Stadium Hurricane Fan Zone.
• Naming of the new City National Bank Courtside Club, the premium hospitality lounge at Hurricanes basketball games, as well as signage and promotions within the Watsco Center.
• Sponsorship of the University’s Centennial Program, a series of celebrations marking the University’s 100th anniversary in 2025.
“City National Bank is truly emblematic of South Florida,” said Dan Radakovich, vice president and director of athletics. “I’ve seen the incredible opportunities they offer to families and businesses in our region, and I’m thrilled to see this partnership come to fruition as we work together to continue making a positive impact for the University community and South Florida.”
“Selecting the right partners is essential for success in business,” CNB Chief Specialty Banking Officer John Paradisi said. “UM embodies our core values and aligns with our dedication to excellence and community focused service, which is why we are thrilled to establish this partnership .»
With more than 75 years of history providing relationship-driven service to businesses and consumers in Florida, CNB today has $26 billion in assets and a growing physical presence in South Florida, the Treasure Coast, Central Florida, and Tampa Bay. CNB offers a full suite of banking services, including commercial and corporate lending, real estate lending, private banking, international banking, and wealth management1.
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 management1, 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.
About University of Miami
The University of Miami is a private research university and academic health system with a distinct geographic capacity to connect institutions, individuals, and ideas across the hemisphere and around the world. With more than $413 million in research and sponsored program expenditures annually, the University of Miami is a member of the prestigious Association of American Universities (AAU).
The University’s vibrant and diverse academic community comprises 12 schools and colleges serving more than 17,000 undergraduate and graduate students in more than 180 majors and programs. Located within one of the most dynamic and multicultural cities in the world, the University is building new bridges across geographic, cultural, and intellectual borders, bringing a passion for scholarly excellence, a spirit of innovation, a respect for including and elevating diverse voices, and a commitment to tackling the challenges facing our world.
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.