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Cogent Bank surpasses $2.4 billion in assets following eight years of rapid Florida expansion

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FOR IMMEDIATE RELEASE
Cogent Bank surpasses $2.4 billion in assets following eight years of rapid Florida expansion
Florida-based community bank continues growth strategy driven by local decision-making, specialized expertise and concierge-style service
ORLANDO, Fla. (May XX, 2026) — Cogent Bank (Cogent), a Florida-based community bank, is celebrating eight years of growth after expanding from approximately $130 million in assets in 2018 to more than $2.4 billion in 2025. At the same time, the bank has expanded from 15 employees at acquisition in 2018 to 255 today, reflecting strong performance and a continued focus on relationship-driven banking.
Since its founding, Cogent has built its growth strategy around relationship-driven banking combined with local decision-making, concierge-style service and specialized industry expertise designed to help businesses and individuals move quickly in competitive markets.
“Cogent was built on the belief that banking should be personal, proactive and relationship-driven,” said Lee Hanna, co-founder and executive chairman of the board of Cogent Bank. “Our growth over the last eight years reflects the trust our clients place in us, the strength of our team and our commitment to delivering high-touch banking experience.  As we move forward, we are committed to deepening those relationships and continuing to deliver a personalized banking experience that grows alongside our clients.”
Over the past eight years, Cogent has experienced substantial growth across all major business segments and since 2018:

·       Total assets increased from approximately $130 million to more than $2.4 billion

  • Deposits grew from approximately $102 million to more than $2.1 billion
  • Gross loans expanded from approximately $79 million to more than $1.9 billion
  • Deposit accounts increased from 2,367 to 13,509
  • Loan accounts grew from 338 to 2,463
  • Employee count expanded from 15 employees at acquisition to 255 employees statewide
As one of Florida’s growing community banks, Cogent has continued attracting experienced banking professionals across key Florida markets while expanding its specialized banking verticals and personalized service offering. The bank’s local-market approach allows leadership teams to make decisions more quickly and tailor solutions to the unique needs of businesses and individuals within the communities it serves.
“Our clients value access, responsiveness and local expertise,” said Brandon Box, EVP, market president. “Businesses today want banking partners who understand their industries, can make decisions efficiently and are invested in the long-term success of the local market. That relationship-focused approach continues to drive growth across our regions.”
Cogent currently serves clients across North, Central and Southwest Florida with 10 banking centers and plans to continue expanding its presence throughout the state while deepening relationships in existing markets. The bank also plans to continue growing its specialized industry verticals and recruiting experienced banking talent as it moves toward surpassing $3 billion in total assets.
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 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 https://cogentbank.com/
 
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Cogent Bank surpasses $2.4 billion in...

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