FirstBank Florida Conquers Brickell
- Oct 28, 2015
By Balazs Szekely, Associate Editor
FirstBank Florida plans to expand in Miami’s Brickell area by opening a new branch at 848 Brickell Ave.
FirstBank Florida is part of FirstBank Puerto Rico. The $13 billion asset size bank has approximately $2 billion of assets in South Florida. The bank has been growing its South Florida footprint steadily in recent years, which includes not only adding new products but growing its commercial, corporate, and residential teams. With its regional headquarters in Miami, it currently operates 10 branches in South Florida. FirstBank Florida has seen more than 68% loan growth, 33% deposit growth and 17% employee growth in the past four years. The Brickell location will be led by Vice President Ramon Casanova, a leader within the bank’s Platinum Banking Division—for which the new branch will serve as the main hub.
The new center will feature a lobby branch and offices for commercial and consumer bankers. Located one block from The Shops at Mary Brickell Village and the Miami Avenue entertainment district, the 848 Brickell Ave. tower is home to 100,000 square feet of office and retail space and several residential units. It also has a Miami Metromover station across the street, providing quick access to the property. The new FirstBank Florida location is slated to open in early 2016.
Photo credit: Key International