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Jax Daily Record Wednesday, Feb. 26, 202012:10 PM EST

Jim Citrano Jr. approved for Downtown Investment Authority board

Truist Financial senior vice president will fill the seat previously held by Jim Bailey.
by: Mike Mendenhall Associate Editor

Truist Financial Senior Vice President Jim Citrano Jr. will be a member of the Downtown Investment Authority board.

City Council unanimously approved Citrano’s appointment Feb. 25 for a term through June 30, 2023. He will fill the seat previously held by Jim Bailey.

Council President Scott Wilson filed the resolution with Citrano’s nomination Jan. 22.

“His knowledge and experience in the banking business should prove to be a valuable asset to our city,” Wilson said in a news release.

Citrano has been with Truist since June 2015, leading its commercial real estate team. Truist changed its name from BB&T last year.

Before that he was vice president of commercial real estate services firm Berkadia for two years.

Bailey’s second term on the board expired June 30. Bailey was DIA board chair in the final year of his term, but had not attended a board meeting since April, according to meeting minutes.

Bailey is former publisher of the Financial News & Daily Record, now the Jacksonville Daily Record and the Jacksonville Record & Observer.  He sold the publication to Observer Media Group in 2017.

Citrano Jr.’s father, Jim Citrano, served for decades in Jacksonville commercial real estate and was on the Downtown Development Authority, a predecessor to DIA. He also chaired the Jacksonville Port Authority.

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