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The Sunshine Economy: Why A South Florida Bank Was A Big Lender Of COVID-19 Rescue Money


Published April 12, 2021 at 2:23 PM EDT
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A City National Bank of Florida branch in Pinecrest. The Miami-based bank is owned by Banco de Crédito e Inversiones (Bci) of Chile.
City National Bank of Florida was one of the most prolific lenders of government rescue money during the pandemic.
Jorge Gonzalez still has voicemails from some of the toughest days of the pandemic. The messages are from business owners who secured government emergency loans through the bank he leads.
City National Bank of Florida was one of the most active banks, lending money through two federal economic pandemic rescue programs. One was through the Federal Reserve. The second was a congressional program the Paycheck Protection Program. ....

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