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.”

You May Also Like

Stephanie Green Appointed South Florida President of Fifth Third Bank

Fifth Third South Florida has 76 full-service banking centers and over 550 employees.

Proficio Capital Partners Opens Miami Office

Proficio takes a strategic approach to diversification by creating a well-diversified portfolio comprising various asset classes and securities.

Institute of Financial Wellness Opens Center for Financial Education Programs in Fort Lauderdale

The facility provides unbiased financial education, resources and services in South Florida.

Juan Esterripa Appointed Head of Commercial Banking at Amerant Bank

Amerant Bank, a community bank headquartered in Coral Gables, named Juan Esterripa to serve as Senior Executive Vice President, Head of Commercial Banking. Esterripa will manage multiple business sectors, including commercial banking, commercial real estate, syndications, specialty finance, and treasury management. He will also promote business development across the bank and drive profitable growth. “We are pleased to

Other Posts

Atlantic Group of Companies Begins Sales of Ultra-Luxury, Boutique Project in Palm Beach Shores

The Atlantic Group of Companies is a comprehensive, multi-division real estate brand focused on all aspects of real estate development with successful properties throughout Florida and North Carolina. 

Breakwater Hospitality Group Unveils Sneak Peek of New Miami Headquarters

Interior architecture designers have crafted a space that exudes the lively and hospitable coastal vibe of Miami.

Jack & Jill Center Begins Accepting Vouchers for its State-of-the-Art Private Elementary School

Madelaine Halmos Academy will accept the voucher amount provided for the full tuition payment.

Now Optics Opens New Corporate Headquarters in Delray Beach

The move is expected to bring 45 jobs across seven departments in the Delray Beach area.