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City National Bank of Florida (CNBFL), based in Miami, Florida, is the second-largest financial institution in the state with over $26 billion in assets. [1] CNBFL has 30 branches, from Miami-Dade County to the greater Orlando area, and nearly 1,000 employees. [ 2 ]
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State. Total SBA amount funded in state. Top 5 SBA lenders. Alabama. $287 million. Live Oak Bank ($35.02 million) Synovus Bank ($20.74 million) Newtek Small Business Finance, Inc. ($16.91 million)
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Commercial lenders include commercial banks, mutual companies, private lending institutions, hard money lenders and other financial groups. These lenders typically have widely varying standards on which they base their loan criteria and evaluate potential borrowers—but are often focused exclusively on the private market and have more lenient financial qualifications than banks.
In 2018, the company announced plans to open a new branch near the Village of Fenney, further expanding southward. [14] In 2019, news broke of the bank's plans to build a new headquarters in Wildwood, Florida. [15] In January 2019, the Wildwood City Council accepted a $3 million offer for an 18-acre parcel of city-owned land.
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