Naples bank branch hits $300M in assets, opens new office

Cogent Bank’s Southwest Florida unit recently passed two milestones: It surpassed $300 million in assets and moved into a new, 5,000-square-foot centralized office in Naples. 

The Orlando-based bank, with more than $1 billion in total assets, expanded to Southwest Florida a little more than two years ago. “It’s way faster than we thought,” ays Brandon Box, Cogent Bank Southwest Florida market president, of the asset milestone. “When we opened here we knew we would do well, but we have been surprised at how (quickly) people have switched.” 

The bank — one of the only community banks left in Collier County with long-time local bankers — has picked up multiple customers from bigger national and regional banks that have undergone name and other changes, says Box. In addition to the $300 million mark, the bank, according to a statement, has opened over 2,000 business and personal accounts.