The Al Jazeera American news network announced it is opening its first commercial banking office in Florida.
The bank will provide customers with an alternative way to deposit money.
The news outlet has not announced the location yet.
“The Al Jazeera brand is synonymous with diversity, inclusion, and a free and open society,” Al Jazeera’s President and CEO, Ismail Badrani, said in a statement.
“This new commercial banking center will enable us to bring our brand to new markets and offer our customers access to a more diverse set of services and products.”
Badranii said the bank will be located in the newly opened Bank of Florida at 518 West Florham Park, just west of downtown Miami.
The Aljazeera America office will open in March and the company plans to have its first full-time employees in the first half of 2018.
“It’s a huge win for Al Jazeera in the South and a win for Florida, which is always an exciting state for our business,” Florida Governor Rick Scott said in the announcement.
“Florida has an economic engine that we can leverage, and we are going to build upon that.
The governor and I are thrilled to have the Al Jazeera Florida brand here in our state and I’m thrilled to welcome this new addition to our family.”
Al Jazeera has been working in the state for more than two decades, including hosting the state’s flagship news program, Al Jazeera English.
The company is a global media company that has been in business for more, but its focus has been on delivering news content for its users and providing an alternative to traditional television news and news programming.
In February, the news organization announced a deal with Al Jazeera to broadcast in English.