FDIC-Insured
- Backed by the full faith and credit of the U.S. Government
To report a lost or stolen debit card please call 407.545.2662 during normal operating hours. After hours, please call 1.800.500.1044 immediately or access www.visa.com
Our Bank Routing and Transit Number is: 063114661
You will be linking to another website not owned or operated by Cogent Bank. Cogent Bank is not responsible for the availability or content of this website and does not represent either the linked website or you, should you enter into a transaction. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by Cogent Bank of any information in any hyperlinked site. We encourage you to review their privacy and security policies which may differ from Cogent Bank.
If you "Proceed", the link will open in a new window.
You are leaving Cogent Bank and going to Cogent Private Wealth, a boutique advisory firm offering comprehensive financial planning and investment management services. Some of their products are NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; NOT GUARANTEED BY THE BANK; and MAY LOSE VALUE.
If you "Proceed", the link will open in a new window.
Please note that by clicking on this email address, you are leaving the Cogent Bank website and accessing an external email platform. Cogent Bank has no control over the content of any communications contained within this platform and cannot be held responsible for any information exchanged. We caution users to be careful when sharing any personal or sensitive information via email, as it may be intercepted or misused by third parties. By using this email platform, you accept full responsibility for any risks that may arise from its use.
If you "Proceed", the link will open in a new window.
Do you need help financing the purchase of a medical, dental, or veterinary practice? At Cogent Bank, we partner with local medical practices of all sizes, helping them to manage their short-term and long-term financial needs.
For this blog, we sat down with Amy Benison, SVP, Commercial Relationship Manager on our Healthcare Banking team. Keep reading to learn more about the healthcare banking experience at Cogent Bank.
Most of the practices we work with are doctors, dentists, and veterinarians. Our clients tend to be independently-owned and smaller group practices (must be at least 75% physician-owned).
For example, dental practices change hands frequently. We work with dental brokers and consultants who list practices for sale–they will refer their clients to us for financing.
Once you choose Cogent for your healthcare banking needs, we’ll work directly with you to finance the purchase or expansion of an existing practice. We can also provide financing for an individual doctor to buy into a larger practice.
When you work with Cogent, you can trust that we have “boots on the ground” in Florida. I meet with all of my clients in person before finalizing a transaction. The healthcare banking team at Cogent provides personalized, concierge banking service.
Beyond meeting your banking and financing needs, we also help our clients find the local resources they need—such as real estate, a CPA, or an attorney that specializes in healthcare. We can also connect you to real estate companies who specialize in leasing and a billing specialist to help you get paid.
Our clients often need some working capital and equipment financing that may or may not be rolled into the practice loan. We make it easy because we are already immersed in the field, so our clients don’t have to educate us. For example, we know what equipment is needed for each type of practice, how much it costs, and which company sells it.
Are there any trends in the healthcare sector that might affect the banking needs of your clients?
We’re seeing a lot of corporate buyers approach independent practices, especially in the veterinary and dental spaces. Our goal is to help independent buyers and sellers stay competitive against a corporate buyer.
For example, we can finance 100% of a practice acquisition. We can also give enterprise value to the existing practice based on the success of the existing practice and doctor.
At the end of the day, Cogent is about working with a person and getting concierge service. We aren’t a transaction bank–we are a resource for our customers. Whether you’re in Florida or elsewhere in the country, we bring the bank and the technology to you. We can work with healthcare practices all over the U.S. Need to purchase the building as well? We have the expertise to package real estate with a practice transaction.
Amy and the rest of the Healthcare Banking team are dedicated to providing the personalized attention you need and deserve. We are bankers who know your business. We don’t have an 800 number–you can call or text us directly. Contact us to learn more about how we can meet your healthcare banking needs!
The information contained herein is for informational/educational purposes only. The views and opinions expressed in this document may be those of the individuals and may not necessarily reflect those of Cogent Bancorp and its subsidiaries and affiliates, or the entities they may represent. Content contained herein may be used in connection with the advertising and/or marketing of products offered by Cogent Bank or Cogent Private Wealth. The material is not intended to provide or substitute for legal, tax, or financial advice or to indicate the availability or suitability of any Cogent Bank product or service. You should consult with a legal, financial, tax, or other appropriate professional(s) for your specific needs and/or objectives before making any decisions.