Business Services Industry
The Miami Herald Florida Business Briefs Column.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, July, 2000
Jul. 12--CITY NATIONAL BANK POSTS 15 PERCENT INCREASE IN EARNINGS: City National Bank of Florida on Monday reported a 15 percent increase in second quarter earnings, reflecting a continuing reduction in internal operating costs and growth in loans and deposits.
The privately owned Miami bank's second quarter return on average assets was 2.85 percent, compared with 2.91 percent for the second quarter of 1999. That quarter's earnings included a one-time gain of $1.3 million from the sale of a foreclosed property. A 1 percent return is considered a benchmark for the industry.
City National Bank has $1.8 billion in assets and 16 South Florida offices, including 12 in Miami-Dade, two in Broward and two in Palm Beach County.
2nd qtr. ended June 30...
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