Orlando-based Cogent Bank expands to South Florida with new Coral Gables banking center

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Cogent Bank expands to South Florida with new Coral Gables banking center

Expansion brings local leadership and specialized financial services to Miami-Dade and Broward

ORLANDO, Fla. (Oct. 7, 2026) — Cogent Bank (Cogent), a Florida-based community bank with more than $2.4 billion in total assets, today announces its expansion into South Florida with the opening of a new banking center in Coral Gables, bringing its relationship-driven banking model and specialized financial services to businesses and individuals throughout Miami-Dade and Broward counties. The new banking center is located at 55 Merrick Way, Suite 404, Coral Gables, FL 33134, in the heart of downtown Coral Gables. The Coral Gables office is staffed by three bankers with plans to grow the team to six over the next year.

As South Florida’s financial landscape continues to evolve, Cogent sees an opportunity to provide clients with direct access to experienced, locally based bankers who understand the market and can provide personalized service and responsive decision-making.

“South Florida has seen significant consolidation in the banking industry, creating an opportunity for a relationship-driven bank with local market expertise,” said Andrew Obermann, SVP, Market President in Miami-Dade County at Cogent Bank, who joined Cogent in May with more than 15 years of banking expertise. “We’ve built a team of bankers who have spent their careers here and understand the businesses and people who make South Florida unique. That local knowledge, combined with Cogent’s ability to make decisions quickly, will make a meaningful difference for our clients.”

The Coral Gables banking center will primarily serve high-net-worth individuals and their businesses while providing access to Cogent’s commercial and personal banking capabilities. The office also brings together several of the bank’s specialized areas, including Trust Services, International Banking and Sports & Entertainment Banking. 

The new location will also support Cogent’s existing Sports & Entertainment Banking vertical, led by Orly Garcia, SVP, Managing Director, Sports & Entertainment Banking at Cogent Bank, who brings more than two decades of banking experience across the sports and entertainment industries.

Under Orly’s leadership, the team is expanding its relationships across professional and collegiate sports, including football, baseball and basketball, with an increased focus on women’s sports and entertainment. The team is also focused on financial education for younger athletes managing the financial opportunities that come with NIL agreements, while providing specialized financial solutions, including contract-based financing. Since its launch, the team has worked with multiple athletes, entertainers and their families, spanning high school prospects, collegiate athletes navigating NIL and professional players across MLB, NFL, and NBA.

“We don’t simply want to bank the athlete or entertainer; we want to bank the person, the family and their future,” said Orly Garcia. “Education, relationships and trust are at the center of what we’re building. We want our clients to have a financial partner who understands their careers, their goals and what comes next.”

This expansion comes off the heels of the recent launch of Cogent Trust Services, expanding the bank's private banking capabilities with personalized fiduciary solutions designed to help individuals and families preserve, protect and transfer wealth across generations. The new vertical is already serving existing private banking clients, with Cogent serving as corporate trustee to help manage and protect their assets. This new offering will be provided across the state with its physical location being in Coral Gables. 

About Cogent Bank

Cogent Bank is a state-chartered bank that has operated as a full-service business and personal bank since 2018. With over $2.4 billion in total assets, Cogent offers multiple banking centers in North, Central and South Florida. Cogent offers a broad range of lending, depository, treasury management and mobile banking services designed to meet the complex and diverse needs of its clients while staying focused on the local communities it serves. Cogent believes banking is personal and requires high-touch, innovative services designed to make managing financial transactions easier. Cogent pairs its financial expertise with a passion for learning more about its clients’ goals and objectives. To learn more, visit https://cogentbank.com/

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