Cogent Bank expands Association Banking Group to serve local needs of growing property management, condo and homeowners' associations in Southwest Florida - Cogent Bank

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Cogent Bank expands Association Banking Group to serve local needs of growing property management, condo and homeowners’ associations in Southwest Florida

NAPLES, Fla. August 2, 2021, – Cogent Bank (Cogent), a full-service business and personal bank based in Florida, announces the expansion of its Association Banking Division after its first successful year in the Southwest Florida market with an initial banking center in Fort Myers and another scheduled to open in Naples next month. As more condo and homeowners’ associations come online each year with continually growing needs, Cogent is the local banking partner with the expertise to serve these needs.

To support this expansion, Cogent has hired George McDonald as lead client service specialist for its Association Banking Division. McDonald brings to Cogent over 20 years of banking experience and most recently managed multiple property management, homeowners’ and condo associations at a large regional bank. He now joins a team of experienced professionals with Cogent who have helped manage over $500 million in association deposits and understand the specific needs of this unique industry.

Cogent’s Association Banking Division’s benefits feature evergreen hurricane and emergency lines of credit, fully electronic signature cards and modern receivable solutions, including lockbox, self-enroll automated clearing house (ACH) and credit cards with website integration. A robust software integration with most major property management software is also included.

About Cogent Bank

Cogent Bank is a state-chartered bank that has operated as a full-service business and personal bank since 2001. With over $800 million in total assets and more than 160 associates, Cogent offers multiple banking centers in North, Central and Southwest 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 www.cogentbank.net.