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Compiled by Gilberto Medina, Research Director
South Florida’s leading community banks are represented on the list that follows.
The list is ranked by total assets as of June 30, 2018.
The 2018 Q2 Federal Deposit Insurance Corporation (FDIC) banking profile highlights show a 21.1 percent net income increase from 2017 for community banks across the board. Mergers notwithstanding, many of the banks on the list have increased numbers in all of the categories we looked at—total assets, total deposits and net loans and leases. Miami-based City National Bank of Florida showed the greatest year-over-year increase in assets, with growth of $5.2 billion.
Doral’s U.S. Century Bank topped the $1 billion mark in assets and Professional Bank of Coral Gables grew by $180 million. Banco do Brasil Americas also raised its bar by $100 million. The FDIC’s national report on net income increase for community banks points to a lower effective tax rate as a contributing factor to the increases. Gains from sales of other assets and higher servicing fees were cited as contributors as well. SFBW commends and congratulates all the community banks on the list which make our region stand out.
1 BankUnited
14817 Oak Lane, Miami Lakes 33016
Website: bankunited.com
Total assets: $31.28 B
Total deposits: $22.45 B
Net loans & leases: $21.78 B
Top local executive:
Rajinder P. Singh
2 City National Bank of Florida
25 W. Flagler St., Miami 33101
Website: citynationalcm.com
Total assets: $14.1 B
Total deposits: $10.91 B
Net loans & leases: $9.97 B
Top local executive: Jorge Gonzalez
3 Florida Community Bank
2500 Weston Road, Weston 33331
Website: floridacommunitybank.com
Total assets: $12 B
Total deposits: $9.86 B
Net loans & leases: $8.87 B
Top local executive: Kent Ellert
4 Mercantil Bank
220 Alhambra Circle, Coral Gables 33134
Website: mercantilbank.com
Total assets: $8.52 B
Total deposits: $6.4 B
Net loans & leases: $6.15 B
Top local executive: Millar Wilson
5 Ocean Bank
780 N.W. 42nd Ave., Miami 33126
Website: oceanbank.com
Total assets: $3.77 B
Total deposits: $3.24 B
Net loans & leases: $2.94 B
Top local executive: A. Alfonso Macedo
6 BAC Florida Bank
169 Miracle Mile, Coral Gables 33134
Website: bacflorida.com
Total assets: $2.17 B
Total deposits: $1.8 B
Net loans & leases: $1.65 B
Top local executive: Julio Rojas
7 Banesco USA
150 Alhambra Circle,
Coral Gables 33134
Website: banescousa.com
Total assets: $1.22 B
Total deposits: $1.04 B
Net loans & leases: $921.8 MM
Top local executive: Jorge Salas
8 U.S. Century Bank
2301 N.W. 87th Ave., Doral 33172
Website: uscentury.com
Total assets: $1.18 B
Total deposits: $956.02 MM
Net loans & leases: $849.65 MM
Top local executive: Luis de la Aguilera
9 Biscayne Bank
2601 S. Bayshore Drive, Miami 33133
Website: biscaynebank.com
Total assets: $953.96 MM
Total deposits: $744.31 MM
Net loans & leases: $793.04 MM
Top local executive: Lorie Yarchin
10 Helm Bank
999 Brickell Ave., Miami 33131
Website: helmbankusa.com
Total assets: $815.94 MM
Total deposits: $693.23 MM
Net loans & leases: $512.15 MM
Top local executive: Fernando Munera
11 The First National Bank of South Miami
5750 Sunset Drive, South Miami 33143
Website: fnbsm.com
Total assets: $704.47 MM
Total deposits: $601.14 MM
Net loans & leases: $534.08 MM
Top local executive: Drew A. Dammeier
12 Banco do Brasil Americas
800 Brickell Ave., Miami 33134
Website: bbamericas.com
Total assets: $661.16 MM
Total deposits: $574.18 MM
Net loans & leases: $471.91 MM
Top local executive: Aguinaldo Barbieri
13 Apollo Bank
1150 S. Miami Ave., Miami 33130
Website: apollobank.com
Total assets: $656.98 MM
Total deposits: $561.8 MM
Net loans & leases: $476.42 MM
Top local executive: Eddy Arriola
14 Grove Bank & Trust
2701 S. Bayshore Drive, Miami 33133
Website: grovebankandtrust.com
Total assets: $636.93 MM
Total deposits: $526.09 MM
Net loans & leases: $246.35 MM
Top local executive: Rick Kuci
15 Professional Bank
396 Alhambra Circle, Coral Gables 33134
Website: professionalbankfl.com
Total assets: $634.29 MM
Total deposits: $539.75 MM
Net loans & leases: $515.37 MM
Top local executive: Abel L. Iglesias
Professional Bank is a full-service, Florida-based community bank specializing in originating and making residential and commercial real estate financing, business loans and lines of credit, and SBA loans.
Professional Bank meets its clients’ deposit and cash management needs with best-in-class, concierge-style customer service and with a full offering of products, including competitive deposit accounts, cash management services, online and mobile banking, and a network of offices.
Professional Bank currently operates four full service banking centers in Coral Gables, South Miami, Palm Beach Gardens, and Dadeland along with three loan production offices in Boca Raton, Fort Lauderdale, and West Palm Beach.
16 Marquis Bank
355 Alhambra Circle, Coral Gables 31334
Website: marquisbank.com
Total assets: $612.74 MM
Total deposits: $506.99 MM
Net loans & leases: $508.92 MM
Top local executive: Javier Holtz
Marquis Bank is a full-service community bank dedicated to supporting the goals of business owners, professionals, and investors in the South Florida community. With more than $640 million in assets, Marquis has successfully blended convenient state-of-the-art technology with personal attention to create an exceptional banking experience for its clients.
Marquis Bank currently operates banking centers in Coral Gables and Aventura, with a Fort Lauderdale location set to open later this year. Marquis Bank maintains the highest, 5-Star, Superior rating from BauerFinancial, an independent rating organization who ranks the safety and soundness of financial institutions on a nationwide basis.
17 International Finance Bank
777 S.W. 37th Ave., Miami 33135
Website: ifbbank.com
Total assets: $513.88 MM
Total deposits: $435.41 MM
Net loans & leases: $433.15 MM
Top local executive: Jose E. Cueto
18 Continental National Bank
1801 S.W. First St., Miami 33135
Website: continentalbank.com
Total assets: $489.89 MM
Total deposits: $442.61 MM
Net loans & leases: $333.06 MM
Top local executive: Guillermo Diaz-Rousselot
19 Brickell Bank
1395 Brickell Ave., Miami 33131
Website: brickellbankmiami.com
Total assets: $457.89 MM
Total deposits: $368.87 MM
Net loans & leases: $329.55 MM
Top local executive: Frederick Reinhardt
20 Pacific National Bank
1390 Brickell Ave., Miami 33131
Website: pnb.com
Total assets: $454.38 MM
Total deposits: $323.83 MM
Net loans & leases: $332.46 MM
Top local executive: Carlos Fernandez-Guzman
21 Eastern National Bank
799 Brickell Ave., Miami 33122
Website: enbfl.com
Total assets: $435.86 MM
Total deposits: $350.6 MM
Net loans & leases: $370.61 MM
Top local executive: Carlos G. Rodriguez
22 Executive National Bank
9600 N. Kendall Drive, Miami 33176
Website: executivebank.com
Total assets: $428.72 MM
Total deposits: $382.59 MM
Net loans & leases: $335.78 MM
Top local executive: Carlos A. Safie
23 Terrabank
3191 Coral Way, Miami 33145
Website: terrabank.com
Total assets: $400.92 MM
Total deposits: $363.58 MM
Net loans & leases: $252.73 MM
Top local executive: Antonio Uribe
24 Legacy Bank of Florida
2300 Glades Road, Boca Raton 33431
Website: legacybankfl.com
Total assets: $394.47 MM
Total deposits: $293.91 MM
Net loans & leases: $327.85 MM
Top local executive: Dennis G. Bedley
25 Intercredit Bank
4725 S.W. Eighth St., Miami 33134
Website: intercreditbank.com
Total assets: $373.15 MM
Total deposits: $313.23 MM
Net loans & leases: $295.08 MM
Top local executive: Simon Cruz
26 Paradise Bank
2420 N. Federal Highway, Boca Raton 33431
Website: paradisebank.com
Total assets: $320.64 MM
Total deposits: $281.61 MM
Net loans & leases: $220.33 MM
Top local executive: Ward Kellogg
27 American National Bank
4301 N. Federal Highway, Oakland Park 33308
Website: american.bank
Total assets: $296.94 MM
Total deposits: $250.06 MM
Net loans & leases: $239.75 MM
Top local executive: Ginger Martin
28 Flagler Bank
1801 Forest Hill Blvd., West Palm Beach 33406
Website: flaglerbankusa.com
Total assets: $274.4 MM
Total deposits: $211.88 MM
Net loans & leases: $202.09 MM
Top local executive: Edward C. Sterling
29 Sunstate Bank
14095 S. Dixie Highway, Miami 33176
Website: sunstatefl.com
Total assets: $250.56 MM
Total deposits: $210.15 MM
Net loans & leases: $155.95 MM
Top local executive: Lloyd DeVaux
30 Interamerican Bank
9190 Coral Way, Miami 33165
Website: interamericanbank.com
Total assets: $206.57 MM
Total deposits: $174.99 MM
Net loans & leases: $153.46 MM
Top local executive: Augustin F. Velasco
Source: Federal Deposit Insurance Corporation (FDIC)
We are currently surveying for our accounting firms list. To be considered contact Gilberto Medina at gmedina@sfbwmag.com or 954-666-0531.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_single_image image=”27617″ img_size=”full” add_caption=”yes” qode_css_animation=””][/vc_column][/vc_row]
