City National Bank of Florida Appoints Nicolas Young as Chief Credit Risk Officer

Young will oversee CNB’s credit and risk framework, supporting the bank’s continued growth across Florida.

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City National Bank of Florida (CNB) has appointed Nicolas Young as Chief Credit Risk Officer (CCRO). With close to 30 years of experience in both domestic and international credit risk management, Young brings a proven track record in developing and managing robust credit programs and will support CNB’s continued growth across Florida.

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In his new role at CNB, Young will oversee all credit-related activities, including credit approval, credit policy, portfolio management, asset recovery, and risk governance. He will lead a team of senior risk and credit professionals, including CNB’s Chief Lending Executive, Private Banking and Consumer Risk Executive, Wholesale Risk Executive, and others responsible for credit administration and asset recovery.

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Hugo Loynaz, CNB’s former Chief Credit Officer, will transition to the role of Chief Lending Executive, where he will be responsible for new business and loan originations. Since joining CNB 15 years ago, Hugo has been instrumental in helping grow and position the bank as one of the leading financial institutions in Florida. With a proven track record of building high-performing teams and delivering innovative credit solutions, Hugo will play a key role in guiding the bank through its next phase of growth.

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With the addition of Young, CNB is strengthening its ability to deliver faster, more competitive lending solutions tailored to client needs. This will help advance CNB’s goal of expanding its statewide footprint, as the bank grows its workforce by 20 percent over the next 12 months. Strategic investments in talent recruitment and development are fueling core business lines, including Commercial and Corporate Banking, International Banking, Private Banking, Small Business Lending, Commercial Real Estate, and Capital Markets. With $27 billion in assets, CNB is the second-largest bank in Florida and ranks among the 75 largest banks in the U.S., according to the Federal Reserve.

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“Nicolas brings deep expertise and a forward-thinking approach to credit and risk management, reflecting our commitment to investing in talent and technology as we support our clients across Florida,” City National Bank Vice Chairman and CEO Jorge Gonzalez said. “By establishing the Chief Lending Executive role to focus exclusively on new business development, we’ll take full advantage of Hugo’s specialty in client relations while empowering Nicolas to concentrate on our overall credit strategy, enhancing efficiency and enabling our teams to deliver highly customized lending solutions.”

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Prior to joining CNB, Young served as President and Chief Operating Officer of Newtek Bank. He previously held Chief Credit Officer roles at IberiaBank and Banco Sabadell, where he led large-scale teams across the United States and Latin America. His leadership has been instrumental in driving double-digit portfolio growth in complex regulatory environments. He has extensive experience with regulatory excellence and board governance, as well as a strong background in C&I, CRE, SBA lending, residential, and private lending.

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Young holds a Bachelor of Science (BS) degree in Economics from Universidad ORT Uruguay.

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About City National Bank of Florida

City National Bank of Florida (CNB) has been a trusted partner to individuals, businesses, and communities for 80 years. With more than $28 billion in assets, CNB ranks among Florida’s largest and fastest-growing banks and is one of the nation’s 75-largest banks according to The Federal Reserve. Headquartered in Miami, CNB is expanding across South and Central Florida, supported by a team of more than 1,200 employees statewide. CNB is a subsidiary of Chile’s Banco de Credito e Inversiones (Bci) and remains a community-centric institution guided by local decision-making, with services including commercial and corporate banking, private banking, international banking, commercial real estate, wealth management, residential mortgages, community association banking, and capital markets. CNB continuously invests in technology, talent, and strategic partnerships, such as serving as the official bank of the University of Miami and Orlando Magic. CNB holds a 5-star “Superior” rating from BauerFinancial and has earned an “Outstanding” Community Reinvestment Act designation for 24 consecutive years for its commitment to lending in underserved communities. The bank is certified as a “Great Place to Work” and named by Fortune as a Best Medium Workplace, Best Workplace for Women, and Best Workplace in Financial Services & Insurance. CNBFL Member FDIC