First American Bank Purchases New Hialeah Branch Location for $6.5 Million

First American Bank will relocate its current Hialeah branch to 1435 W. 49th St. in Hialeah after purchasing the strip mall. The privately held, full-service bank with more than $6 billion in assets serves the Miami, Tampa, Chicago and Milwaukee metropolitan areas. As First American Bank continues to expand, the new location, slated to open in 2024, will provide more room for staff and clients, as well as expanded technology and a drive-thru.

“South Florida is full of entrepreneurs and innovators, which directly contributes to the thriving business community we have here,” Brian Hagan says, 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 at 611 W. 49th St., through a 2019 merger with Continental National Bank—Miami’s first Cuban American-owned national bank. After outgrowing the existing location, the new site, just minutes away, construction plans in development will include a 3,000 to 5,000 square-foot branch.

“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,” Thomas Wells says, CEO of First American Bank Today, we have grown to six branches located throughout South Florida and we look forward to continued expansion.”