The new branch will feature 3,000 – 5,000 sq. ft., drive-thru banking and increased technology
Coral Gables, Fla. – February 14, 2022 – First American Bank – a privately held, full-service bank with more than $6 billion in assets serving the Miami, Tampa, Chicago and Milwaukee metropolitan markets – announced plans to relocate its current Hialeah branch after purchasing the strip mall located at 1435 W. 49th St., in Hialeah. As First American Bank continues to expand, the new location will easily accommodate more staff and clients, as well as expanded technology and a convenient drive-thru.
The new branch is slated to open in 2024.
“South Florida is full of entrepreneurs and innovators, which directly contributes to the thriving business community we have here,” said Brian Hagan, Florida Market President at First American Bank. “At a time when most banks are leasing, we chose to purchase the future home of our Hialeah branch because we believe in the vibrant business community that resides here, and we will continue to provide the necessary tools, services and increased lending solutions this client base needs. We’re here to stay.”
First American Bank acquired its current Hialeah branch, located at 611 W. 49th St., through a 2019 merger with Continental National Bank – Miami's first Cuban American owned national bank. Since then, the location and bank itself has seen incredible growth. Conveniently located just minutes away from the existing location, construction plans for the new 3,000 – 5,000 square-foot branch are currently in development.
“Since entering the market back in 2014, with the acquisition of The Bank of Coral Gables, we have continued to grow our South Florida footprint under Brian’s leadership. Today, we have grown to six branches located throughout South Florida and we look forward to continued expansion” said Thomas Wells, CEO of First American Bank.
ABOUT FIRST AMERICAN BANK
First American Bank is a privately held, multi-state, full-service community bank. We started out nearly 50 years ago as a combination of community banks serving the Chicago metropolitan area. Since then, we’ve grown to become the largest privately held bank in Illinois with 59 locations across Florida, Illinois, and Wisconsin and over $6 billion in assets. Our focus has consistently revolved around three core values: creating solutions, exceptional customer service, and unmatched expertise in commercial banking, wealth advisory, and personal finance solutions.
For some, banking is a transaction. For us, it is a continuous financial partnership. Our services span from a robust network of personal and online banking to working capital solutions, business loans, and trade advisory for business owners and manufacturers -- all strengthened by private banking offerings giving our clients a full suite of financial planning and wealth management solutions. Our clients are individuals, private business owners, entrepreneurs, and fast-growing companies seeking to create and preserve their wealth through personalized attention and tailored financial solutions.
