Cogent Bank, (Cogent) a full-service business and personal bank based in Orlando, has reached a significant milestone of surpassing $200 million in deposits from the Fort Myers and Naples banking centers in less than two years.

Recent bank consolidations and mergers have made Cogent one of the few remaining community banks in the Southwest Florida area. Cogent was able to surpass $200 million in deposits by investing in local businesses and organizations and fulfilling the need for a community bank.

“As a community bank, we’re able to add a personal touch because our bankers live in and understand the local community,” says Brandon Box, Cogent Bank Southwest Florida market president. “Reaching $200 million in deposits in less than two years of opening is a testament to Southwest Florida residents’ satisfaction with our cutting-edge, forward-thinking technology and reliable client service.”

Cogent has been serving businesses and residents of Southwest Florida since opening the Fort Myers banking center in 2020. The recent addition of the temporary Naples office 2021 contributed to the opening of more than 1500 business accounts and completing over $100 million in loan closings. While the temporary Naples office is already serving the Southwest Florida community, the permanent Naples banking center is anticipated to open in October.