City National Bank of Florida Earns "Outstanding" Community Reinvestment Act Rating For 24th Consecutive Year

City National Bank of Florida Earns "Outstanding" Community Reinvestment Act Rating For 24th consecutive Year, Fueled by More than $1.3 Billion in Community Development Loans

MIAMI, FL — June 27, 2025 — The Office of the Comptroller of the Currency (OCC) has awarded City National Bank of Florida (CNB) an ‘Outstanding’ rating in its latest performance evaluation. The period covered three years between 2021 and 2024, marking the eighth-straight exam period in which CNB earned an ‘Outstanding’ rating. CNB is currently one of only 7 banks in Florida with the OCC’s highest rating and holds the longest-running streak of Outstanding ratings of any bank in Florida, dating back to 2003.

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During the exam, the OCC analyzed CNB’s performance meeting the credit needs of low-to-moderate income individuals, the bank’s activity deploying capital, and its track record of service in underserved communities. The OCC spotlighted CNB’s extensive efforts to assist its clients and communities particularly in the areas of lending, investments, and community development. All told, CNB originated more than $1.3 billion in community development loans during the exam period.
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“Earning the OCC’s highest CRA rating for 24 straight years reflects CNB’s deep commitment to strengthening communities in Florida and delivering a direct, positive impact in underserved areas,” Vice Chairman and CEO Jorge Gonzalez said. “CNB has been focused on this mission for decades, and we will continue investing heavily in the health and prosperity of our communities in the future.”

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CNB programs which contributed to the Outstanding CRA rating include:

• CitySmart Mortgage Program, CNB helped more families achieve the dream of homeownership by enhancing its CitySmart Mortgage Program, which assists borrowers purchasing homes in low- and moderate-income communities.
• The Down Payment Assistance Program, in partnership with local governments, has provided critical financial support to families who otherwise may not have been able to purchase a home.
• Through the CNB Housing Foundation, CNB has taken a proactive approach to addressing Florida’s affordable housing challenges.
• Partnering with organizations like Housing United for Broward, the bank has helped fund new housing developments, including the recently launched Parcview Townhomes in Miramar.
• The Community Advantage City Line and SBA 7(a) Loan Program have provided flexible financing solutions to support small businesses and entrepreneurs, helping them access working capital and grow their businesses.

The OCC commended CNB for completing 186 community development loans totaling $1.3 billion during the exam period. By dollar volume, 69.5 percent funded revitalization and stabilization efforts, 14.6 percent funded community services targeted to low-and moderate-income individuals, 9.6 percent of these loans funded affordable housing, and 6.3 percent funded economic development.

Over the past three years, Florida's population has grown by approximately 5 percent. According to the Florida Housing Coalition, in 2024 over 2.4 million low-income Florida households are spent more than 30% of their income toward housing costs, with 1.3 million of these households spending more than 50% of their income on housing, an approximately 14.3% increase of cost-burdened low-income households over a three-year period.

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The Community Reinvestment Act (CRA) rating is issued by the Office of the Comptroller of the Currency (OCC) reflecting exceptional efforts in lending, investments, and community development, demonstrating the bank's commitment to supporting economic growth in underserved areas.

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 management, 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. CNB is Member FDIC.

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