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The List: Community banks

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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.

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

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

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

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

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

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

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

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]

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.