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NAPLES — Cogent Bank, a Central Florida-based bank with several locations in the region, has expanded its unit that works with property management entities and condo and homeowners’ associations.
The expansion, according to a statement, includes opening an office in Naples in September, which follows an initial Cogent banking center in Fort Myers. The bank named George McDonald lead client service specialist for its Association Banking Division, the release adds.
McDonald brings more than 20 years of banking experience to Cogent and most recently managed multiple property management, homeowners’ and condo associations at a large regional bank, the release states. He joins a team at Cogent who have helped manage over $500 million in association deposits.
Cogent’s Association Banking Division’s benefits feature evergreen hurricane and emergency lines of credit, fully electronic signature cards and modern receivable solutions, including lockbox, self-enroll automated clearing house (ACH) and credit cards with website integration. A robust software integration with most major property management software is also included, the release adds.
Cogent Bank is a state-chartered bank that has operated as a full service business and personal bank since 2001. With over $800 million in total assets and more than 160 associates, Cogent offers multiple banking centers in North, Central and Southwest Florida.
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