Regulatory Alerts2026-06-15
Added · Updated
Final Order of Approval for Cogent Bank to Exercise Trust Powers
The Florida Office of Financial Regulation issued a Final Order approving Cogent Bank's application to exercise trust powers in Orlando. The approval is contingent upon the bank satisfying specific conditions, including maintaining FDIC approval, appointing Madelayne Cordero as Senior Trust Officer, and securing required insurance and capital deposits. Cogent Bank waived its right to an administrative hearing, allowing the Office to finalize the order on June 15, 2026.
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