Newspaper article The Florida Times Union

New Headquarters CNB National Bank Makes Ambitious Statement on Southside

Newspaper article The Florida Times Union

New Headquarters CNB National Bank Makes Ambitious Statement on Southside

Article excerpt

K.C. Trowell, chairman and CEO of CNB National Bank, is back in town, 20 years after leaving his Jacksonville bank job and just five miles from where he started off, except this time he has his own bank.

CNB has just moved both its main Jacksonville office and corporate headquarters into new digs at Southside Boulevard at Gate Parkway.

All the artwork is not on the wall yet, but the bank is open for business. A formal opening is scheduled for next month.

The brick, two-story, 26,000-square-foot building also houses CNB Florida Bancshares Inc., which is, in banking parlance, a "holding company": It owns the bank and the bank's sister units. Trowell is also the holding company's chairman and CEO.

The building also houses some fairly large ambitions: Trowell hopes to more than double the size of the bank in the next few years.

"We would ... be very disappointed in ourselves if we were not focusing on -- very quickly -- the billion-dollar size," said Trowell, 60. The bank has about $400 million in assets and about $330 million in deposits.

"We will have considerably more branches in five years," said Trowell, who now operates 14 offices in 10 counties.

Jacksonville is not the only market in which CNB has just built and opened a big office. Its new 15,000-square-foot office in Gainesville is built with same general look as the new Jacksonville office: serious, faced in brick, with lots of stained mahogany inside.

The look is no accident, said G. Thomas Frankland, executive vice president and chief financial officer.

"The statement that we wanted to make with the building was that this would be, in essence, our brand image as we move into a new market," said Frankland.

Twenty years ago, Trowell was a banker with the former Jacksonville-based Barnett Banks Inc.

Originally from Lake City, Trowell moved back home in 1980 to run a hometown community bank, which, a couple of years later, was bought by what is now Bank of America.

Trowell quit, recruited a group of Lake City investors and organized what is now CNB. It opened in 1986.

During the years that followed, the bank expanded into the small towns of Columbia, Suwannee, Bradford, Baker and Union counties. …

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