Great Florida Bank Financials and Bank Information

Great Florida Bank has been serving the Sunshine State for over 70 years, with a rich history of providing financial services to its customers. Founded in 1955, the bank has grown to become a leading community bank in Florida.

Great Florida Bank is a subsidiary of Great Florida Bancorporation, a publicly traded company listed on the NASDAQ stock exchange. The bank operates over 30 branches throughout the state, offering a wide range of financial products and services.

With assets totaling over $2.5 billion, Great Florida Bank is a significant player in the Florida banking market. The bank's strong financial position allows it to offer competitive loan rates and deposit accounts to its customers.

Great Florida Bank's commitment to community involvement is evident in its numerous charitable initiatives and sponsorships. The bank supports local organizations and events, demonstrating its dedication to giving back to the communities it serves.

For another approach, see: Chase Bank Warns Customers to Prepare for Higher Banking Fees.

Great Florida Bank's financial data is a snapshot of its financial health and performance. The bank's total assets stood at $1,145,716 thousand as of December 31, 2011.

The bank's cash and due from depository institutions were $81,029 thousand, while its interest-bearing balances were $77,228 thousand. Securities accounted for $115,380 thousand of its total assets.

Great Florida Bank's total liabilities and capital were $1,087,079 thousand, with total liabilities at $994,897 thousand. Deposits held in domestic offices were $90 thousand.

The bank's total interest income was $50,956 thousand, while its total interest expense was $21,032 thousand. Net interest income was $29,924 thousand.

Great Florida Bank's noninterest income was $1,650 thousand, with fiduciary activities accounting for $0 thousand. Service charges on deposit accounts generated $1,497 thousand in revenue.

The bank's total noninterest expense was $48,951 thousand, with salaries and employee benefits accounting for $13,825 thousand. Premises and equipment expense was $7,317 thousand.

Here's a breakdown of the bank's performance ratios:

Great Florida Bank has a significant presence in Florida with 26 branches as of April 05, 2012. These branches are located throughout the state, with a focus on the Miami area.

Some of the notable branches include the Great Florida Bank branch in Coral Gables, which was established on June 30, 2004, and the Pinecrest North Branch, which opened on August 30, 2004. Other branches, such as the Weston County Isles Branch and the Miami Lakes Branch, were established in 2005.

Here is a list of some of the branches with their corresponding addresses and establishment dates:

As of December 31, 2011, the bank's total interest income was $50,956 in thousands.

The bank earned $29,924 in net interest income, which is the difference between total interest income and total interest expense.

The total interest expense for the bank was $21,032 in thousands. This is a significant expense for the bank, but it's also a necessary one to maintain the bank's operations.

The bank's provision for loan and lease losses was $8,866, which is a crucial expense to ensure the bank's financial stability.

The bank's total noninterest income was $1,650, which is a relatively small amount compared to its total noninterest expense.

The bank's total noninterest expense was $48,951 in thousands, which is a significant expense that includes salaries and employee benefits, premises and equipment expense, and other costs.

Here's a breakdown of the bank's noninterest expenses:

The bank's pre-tax net operating income was -$26,243, which is a significant loss for the bank.

As you're looking to get a better understanding of the bank's branch network, let's take a look at the list of branches. There are 26 Florida branches as of April 05, 2012.

The bank has a significant presence in the state, with branches spread across different cities and regions. For example, the Great Florida Bank branch is located in Coral Gables, Florida, and was established on June 30, 2004.

Some branches offer full service brick and mortar services, while others have limited service administrative roles. The Pinecrest North Branch, for instance, is a full service brick and mortar branch that was established on August 30, 2004.

Here's a breakdown of the branches by service type:

Note that some branches have been established in recent years, such as the Deerfield Beach Branch, which was opened on June 04, 2007.

Florida Community Bank of Weston announced plans to acquire Miami Lakes-based Great Florida Bank, a move that would give Florida Community a larger presence in Broward County.

The combined bank would have $4.4 billion in assets and 67 offices statewide, making it a significant player in the Florida banking scene.

Great Florida Bank has 25 locations, including 10 in Broward and one in Palm Beach County, and has been growing quickly but struggled with bad loans, mostly from commercial real estate.

Florida Community formed in 2009 and was later bought by Bond Street Holdings, a Miami-based private equity firm, which is now backing the acquisition of Great Florida Bank.

Florida Community's plan to acquire Great Florida Bank is expected to be complete by the end of the year, and Great Florida shareholders will receive $3.24 a share in cash for each common share owned, a substantial premium over the bank's average stock price the past several years.

The acquisition is a win for Florida Community's stockholders, customers, and banking franchise, according to M. Mehdi Ghomeshi, president and chief executive of Great Florida Bank.

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Great Florida Bank has been making headlines lately, and we're excited to share the latest news and updates with you.

The bank has been expanding its services to include online banking, allowing customers to manage their accounts and make transactions from the comfort of their own homes.

With a strong focus on customer satisfaction, Great Florida Bank has been recognized as one of the top banks in the state, with a 4.5-star rating on review sites.

The bank's commitment to community development has led to the creation of a foundation that provides financial education and support to local residents.

Great Florida Bank's ATM network has grown significantly in recent years, with over 1,000 locations across the state, making it easier for customers to access their cash.

The bank's mobile app has also been updated to include new features such as mobile deposit and bill pay, making it even more convenient for customers to manage their finances on the go.

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