Awaiting Spanish Bank Sale Ripples
Written by Scott Blake on April 4, 2013
By Scott Blake
With one of Miami’s oldest and most successful community banks up for sale, whoever buys City National Bank of Florida not only will impact the bank itself, but will have ripple effects on the local banking economy.
So says Ken Thomas, a Miami-based independent banking consultant and economist.
The best-case scenario, according to Mr. Thomas, is if a local investment group steps in and buys City National from its financially troubled Spanish parent bank, Bankia SA, the lender that received the biggest Spanish bailout.To read the full article and the rest of the Miami Today issue, GO TO e-MIAMI TODAY, an exact replica of the printed edition.