Miami’s City National Bank of Florida said it passed the $4 billion mark in assets during the first quarter, while net income of $9.4 million topped the $9.24 million of a year earlier.
City National said assets were up $235 million in the three months ended March 31, which would take them to $4.2 billion from the $3.973 billion at the end of 2011. “Reaching the $4 billion asset threshold is a major milestone for City National Bank,” Jorge Gonzalez, the institution’s president and CEO, said in a statement. “This has truly been an outstanding quarter.”
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