Cogent Bank
Florida state-chartered commercial bank founded in 2001, operating 10 branches statewide with 263 financial professionals, serving commercial, retail, private wealth, and specialty-vertical clients through relationship-led banking built on FIS core infrastructure.
- Company typePrivate
- Founded2001
- HeadquartersJacksonville, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Cogent Bank does
Cogent Bank is a Florida state-chartered commercial bank founded in 2001, headquartered in Orlando, and operating 10 banking centers across the state with 263 financial professionals. It is a subsidiary of privately held holding company Cogent Bancorp Inc. The bank serves commercial, retail, private wealth, and high-net-worth clients through a relationship-led model differentiated by more than ten specialty industry verticals: Association Banking, Business Aviation, Healthcare, Sports & Entertainment, National Net Lease Finance, Cannabis, Government, Non-Profit, Title Companies, and Attorney/Law Firm banking. This vertical structure is the bank's defining commercial strategy, allowing it to compete against larger Florida regional banks by combining sector-specific underwriting expertise with local decision-making.
The revenue model is a traditional spread-and-fee banking construct: net interest income from commercial, retail, and specialty lending, plus fee income from deposit services, treasury management, and the Private Wealth Group. Core technology runs on FIS core banking infrastructure, with mobile and online banking, Zelle for consumer P2P, and a TassatPay blockchain-based real-time B2B payments partnership. Treasury and fraud tools include IntraFi/ICS for extended FDIC sweep coverage and Positive Pay for check fraud protection. The deposit base reached $1.78 billion as of Q4 2024, up 13.52% year-over-year from $1.57 billion in Q4 2023.
Cogent has scaled materially since 2021: total assets crossed $1 billion in February 2022 and grew above $2.2 billion by July 2025, while Q2 2025 net income of $9.3 million (up 26% YoY) and headcount growth from ~160 to 263 reflect sustained operational expansion. Recent vertical launches in Sports & Entertainment Banking (February 2024) and National Net Lease Finance (September 2025), combined with the Bradenton branch opening (July 2025), signal continued geographic and product-surface expansion within Florida and selective national reach into specialty lending.
Cogent Bank firmographics
Firmographics- Name
- Cogent Bank
- Legal name
- Cogent Bank
- Website
- https://cogentbank.net
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Florida state-chartered commercial bank founded in 2001, operating 10 branches statewide with 263 financial professionals, serving commercial, retail, private wealth, and specialty-vertical clients through relationship-led banking built on FIS core infrastructure.
- Ownership category
- akta.pro rank
Cogent Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022), Commercial Banks, Nec (6029)
- akta.pro primary industry
- SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
Keywords
Where Cogent Bank is headquartered
LocationHeadquarters
- HQ city
- Jacksonville
- HQ country
- United States
- HQ region
- North America
Offices13 records
Markets served
Cogent Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others
Revenue model
- Interest Income from Lending: Primary revenue stream from commercial and retail lending activities including commercial real estate loans, SBA loans, USDA loans, residential mortgages, business term loans, lines of credit, and specialty financing such as asset-based lending and single-tenant net lease finance. Revenue generated through interest charged on loan portfolios.
- Deposit Taking and Interest Spread: Traditional depository banking services collecting customer deposits (checking, savings, money market, CDs) and generating revenue through the interest rate spread between borrowing costs and lending returns.
- Fee-Based Services: Non-interest income from treasury management services, wire transfers, ATM/debit card fees, account maintenance fees, loan origination fees, and treasury product management fees.
- Private Banking Services: Wealth management and private banking services through Cogent Private Wealth, offering comprehensive financial planning and investment management services to high-net-worth individuals.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Business Checking and Deposit Accounts |
| Other | Monthly | Personal Checking and Deposit Accounts |
| Freemium | Pay-as-you-go | Zelle Network Transfers |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Cogent Bank product offering
Product offeringCore offering
Cogent Bank is a Florida state-chartered commercial bank providing deposit accounts, commercial lending (CRE, SBA, USDA, lines of credit, term loans), residential mortgages, treasury management, and digital banking to businesses and individuals across 10 Florida banking centers. The bank operates specialized industry verticals including Association Banking, Healthcare, Business Aviation, Cannabis, Government, Non-Profit, Sports & Entertainment, Title Companies, and National Net Lease Finance, with private wealth and investment banking services delivered through Cogent Private Wealth and Cogent Capital Advisors.
Product overview
Cogent Bank is a state-chartered Florida-based commercial bank offering a comprehensive suite of business and personal banking products through a hub-and-spoke architecture. The core banking platform centers on traditional deposit accounts and lending services (Business Deposits, Personal Deposits, Business Lending, Residential Lending), supplemented by Treasury Management and Digital/Mobile Banking capabilities. Specialty lending verticals (Association Banking, Healthcare Banking, Business Aviation Lending, Cannabis Business Banking, Government Banking, Non-Profit Banking, Sports and Entertainment Banking, Title Companies, National Net Lease Finance) extend the bank's reach into niche markets. The Private Wealth Group and Cogent Capital Advisors sub-brands provide wealth management and investment banking services. Strategic partnerships including TassatPay (blockchain payments) and Home Lending Pal (AI-powered mortgage) add differentiated capabilities. Digital tools like Financial Calculators support customer engagement.
Differentiator
Problem solved
Functional benefit
Products and services
- Business Deposits
- Business Lending
- SBA Lending
- USDA Lending
- Treasury Management
- International Banking Services
- Digital Banking
- Residential Lending
- Self-Directed IRA (SDIRA) Lending
- Personal Deposits
- Credit Cards
- Private Banking (Cogent Private Wealth)
- Cogent Capital Advisors
- Association Banking
- Business Aviation Lending
- Cannabis Business Banking
- Government Banking
- Healthcare Banking
- National Net Lease Finance
- Non-Profit Banking
- Sports and Entertainment Banking
- Title Companies Banking
- Attorney & Law Firm Banking
- Embedded Finance
- TassatPay Blockchain Payments
Quantifiable outcome
- Net income of $9.3 million in Q2 2025, up 26% year-over-year
- +3 more outcomes
Companies that use Cogent Bank
Customer profileNamed customers5 records
Segments13 records
Ideal customer profiles4 records
Cogent Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
Feature4 records
Cogent Bank partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Tassat Group Inc.coreStrategic partnership enabling TassatPay blockchain-based real-time payments for Cogent Bank business clients. Provides 24/7 payment capabilities without traditional banking delays, allowing instant fund transfers for corporate clients.
- Computershare Trust CompanycoreThird-party transfer agent managing shareholder services including address changes, share transfers, certificate replacement, and online investor account access. Shareholders can register and manage accounts at computershare.com.
- Early Warning Services, LLC (Zelle)corePartnership with Zelle Network enabling convenient person-to-person money transfers between enrolled users via email addresses or mobile phone numbers. Supports both send and receive payment capabilities.
- FIS (Financial Information Services)coreCore banking technology provider powering the bank's lending platform (LaserPro), regulatory compliance systems (FIS Reg U), and data processing infrastructure.
Scale indicators12 records
Recent moves17 records
Expansion highlights4 records
Cogent Bank competitors and assessment
Company assessmentBroad incumbents
- Synovus Financial: Southeastern regional commercial bank with significant Florida presence. Notable relevant peer because Rich Dowdy, Cogent's Net Lease Finance leader, previously worked at Synovus, reflecting comparable CRE and commercial banking expertise.
- Regions Financial: Large super-regional bank with extensive Florida presence serving consumers and businesses. Represents the broader incumbent competitive set that Cogent Bank competes against for SME and middle-market clients.
- Bank OZK: Public commercial bank with a strong CRE and specialty lending franchise. Directly relevant as Rich Dowdy's prior employer and a benchmark for Cogent Bank's emerging National Net Lease Finance vertical.
Regional players
- Crews Bank & Trust: Florida-based community bank with commercial and consumer banking. Smaller asset base but operates in overlapping Florida markets with similar community banking philosophy.
Direct peers
- First Citrus Bank: Florida community bank serving businesses and consumers across the Tampa Bay region. Comparable product mix (deposits, business lending, CRE) and similar Florida regional focus.
- BankUnited: Florida-headquartered commercial bank with a similar community-to-middle-market business banking focus and a meaningful CRE and small business lending portfolio. Closest publicly-traded peer in terms of Florida geography and business banking orientation.
- Bank of Tampa: Florida-based community bank headquartered in Tampa with a strong commercial banking and private banking focus. Comparable in size, regional Florida footprint, and relationship banking model.
- City National Bank of Florida: Florida-headquartered community bank with private banking, commercial banking, and wealth management services. Closely comparable mid-size Florida community bank with similar segment focus.
- Banesco USA: Florida-based community bank serving businesses and consumers, with similar emphasis on relationship banking and small-to-mid-market commercial clients. Comparable Florida-centered community bank peer.
- Seacoast Banking Corporation of Florida: Florida-based community/commercial bank with comparable asset size, branch network across Florida markets, and a mix of commercial and consumer banking. Highly comparable regional bank operating model.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Cogent Bank social profiles
Digital presenceCogent Bank compliance and trust
Trust signalCompliance7 records
Cogent Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cogent Bank leadership team
Management profileNumber of profiles
Profiles30 records
Cogent Bank subsidiaries and ownership
Company hierarchySubsidiaries3 records
Cogent Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cogent Bank M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cogent Bank
What does Cogent Bank do?
Cogent Bank is a Florida state-chartered commercial bank providing deposit accounts, commercial lending (CRE, SBA, USDA, lines of credit, term loans), residential mortgages, treasury management, and digital banking to businesses and individuals across 10 Florida banking centers. The bank operates specialized industry verticals including Association Banking, Healthcare, Business Aviation, Cannabis, Government, Non-Profit, Sports & Entertainment, Title Companies, and National Net Lease Finance, with private wealth and investment banking services delivered through Cogent Private Wealth and Cogent Capital Advisors.
Is Cogent Bank a public or private company?
Cogent Bank is a private company. It is classified as venture growth investor backed and is currently operating.
When was Cogent Bank founded?
Cogent Bank was founded in 2001. It employs 51 to 100 people.
Where is Cogent Bank based?
Cogent Bank is headquartered in Jacksonville, United States, in the North America region.
How does Cogent Bank make money?
Four revenue lines are on record. Interest Income from Lending is the primary driver. The others are deposit Taking and Interest Spread, fee-Based Services and private Banking Services.
Who are Cogent Bank's main competitors?
Broad incumbents on record are Synovus Financial, Regions Financial and Bank OZK. Crews Bank & Trust is listed as a regional player. Direct peers are First Citrus Bank, BankUnited, Bank of Tampa, City National Bank of Florida, Banesco USA and Seacoast Banking Corporation of Florida.
Does Cogent Bank have an API?
No public API is recorded for Cogent Bank.
What industry is Cogent Bank in?
Cogent Bank's product category is Community Banking. Its primary akta.pro industry code is FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs). Its NAICS code is 52211 and its SIC code is 6022.