Florida Banking December 2022/January 2023

KUDOS

City National Bank’s continued commitment to growth in Central Florida, we’re excited to assist them with their continued success. As a Champion of the Community, we share a commitment to our community and look forward to seeing the partnership flourish through the many collaborations planned to benefit Central Florida.” Additional pillars of the partnership include a program to recognize small businesses, a financial literacy platform, exclusive access to Magic experiences for the bank’s clients, naming of the reception room in Amway Center to the City National Bank Hourglass Room, and prominent branding during all televised Orlando Magic games. “City National Bank has been a trusted partner to businesses, families, and communities in Florida C aldwell Trust Company held a grand opening of its new downtown Sarasota office at 27 South Orange Avenue as over 300 guests gathered. Mayor Erik J. Arroyo surprised CEO R.G. “Kelly” Caldwell, Jr. with a Mayor’s Citation and a presentation of a Key to the City of Sarasota. Sheriff Kurt A. Hoffman then addressed the crowd stating how much Caldwell Trust has done for the community through its Caldwell Cares program of donating and sponsoring community events through the years amounting to over $1.5 million. Formerly known as the Cain Building, later the Cain Wilson Building, the location is now the Caldwell Trust Company building. “The 10,000-square-foot building with a 2,000-square-foot portico will accommodate the steady growth the company has undergone since its founding in 1993,”Caldwell said. In 2015, the company built an 11,500-square-foot headquarters building at 1400 Center Road, Venice, for its expanding operations. By its 25th anniversary three years later, the company had reached the milestone of $1 billion in assets under management. Caldwell Trust Company has maintained a Sarasota presence since 1998 when it opened an office in Palmer Ranch. In June 2009, it established its office at 1561 Main Street but rapidly outgrew the space, according to Caldwell. “We began searching for a place that could accommodate our needs now and into the future. We found the perfect solution at 27 South Orange Avenue,” he said. Designed by the acclaimed architect Thomas ReedMartin and completed in October 1936, the historic structure is now the Caldwell Trust Company Building. “We’re pleased that our new home has been part of Sarasota’s history for close to 100 years. Too often

for more than 75 years, and Orlando and Central Florida are key markets for our growth strategy,” City National Bank of Florida Vice Chairman and CEO Jorge Gonzalez said. “Much more than an iconic brand in Central Florida, the Orlando Magic are an invaluable source of community service and philanthropy, which are values that align closely with CNB’s commitment to supporting more than 300 nonprofits across Florida annually.We’re excited about working with the team to give back in a meaningful way and this partnership underscores our commitment to Central Florida.” The partnership will also feature brand integration with the Magic, including in-arena digital signage during all Amway Center events, as well as the exterior digital board facing I-4.

Caldwell Trust Company Holds Grand Opening of the Renovated Downtown Sarasota Building

we see beautiful buildings demolished, only to be replaced by something with less aesthetic appeal than the original structure,” Caldwell said. “We intend to combine the legacy of stability that began with Martin’s design with our own strong reputation, carrying both legacies far into the future.” Renovations to the structure include replacing the existing windows with hurricane-proof windows, upgrading the front doors, updating the fountains, and enhancing the building’s brick façade. Extensive interior renovations include a high-tech, state-of-the-art facility for Caldwell’s Sarasota staff. The facility features traditional design with some contemporary touches and cutting-edge technology among the eight offices, three conference rooms and a stately board room. Nokomis-based contractors Eric DeVaughn and Sam Green of S&E Renovations, Inc., oversaw all construction-related aspects of the transition while Holly Logan, ASID, of HV Logan Design LLC, created the interior design. Outside, Hazeltine Nurseries created the design and installed the landscaping and fountain. Chase Caldwell, Zachary Caldwell, Brooks Caldwell, Melissa Caldwell, R.G. “Kelly” Caldwell, Jr., CEO/president, and Roland Caldwell, Founder

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