Intracoastal Bank Celebrates Tenth Anniversary
Palm Coast, FL( October 10, 2018) – Bruce Page, President and Chief Executive Officer, announced Intracoastal Banks celebrated its tenth year anniversary today. Celebrations have been taking place throughout the year but culminated today with an anniversary ribbon cutting and open house.
Three major milestones have been achieved so far in 2018, with total assets reaching more than $327 million, total deposits of $ 290 million and total loans of $220 million. Since bank inception, the $29 million invested by shareholders has been leveraged to provide over $430 million in loans to grow businesses and the local economy. Mr. Page stated, “The response and support from the community has been phenomenal,” he added “that according to data published by the Federal Deposits Insurance Corporation (FDIC) the Bank has had the fastest growth of any bank in combined Flagler and Volusia Counties area since it opened”.
Throughout its tenure, the Intracoastal Bank team is proud to have received several awards from various organizations. The bank has been voted Best Bank in the local Readers’ Choice Awards, as well as Best Financial Institution in the Standing O Business Excellence Awards andwas named Flagler County Chamber’s Large Business of the Year in 2017. According to Bankers Caddy Intracoastal ranks in the top 1% ( # 61) banks in USA in overall performance based on 2017 results (www.bankerscaddy.com/nationalrankings.php ).
This institution employs 40 staff members and prides itself on hiring local talent. These employees live in the communities they serve and participate in local events and organizations, as well as serve on numerous nonprofit boards. During the event Page announced a contribution of $40,000 will be made to United Way. This gift will be invested in the areas of Education, Financial Stability and Health as part of our Community Impact Model” said Dennis Burns, president of United Way Volusia Flagler Counties. “We thank Intracoastal Bank for their compassion and their proven long term track record of support of United Wayand our community.”
Intracoastal Bank is a locally owned and operated financial institution. Intracoastal Bank’s Flagler County banking center is located at 1290 Palm Coast Parkway, NW, Palm Coast, Florida 32137. The Bank’s Volusia County Banking Center is located at 2140 LPGA Blvd., Daytona Beach, FL 32117. The Bank serves the Northeast and East Central Florida area. The bank offers a full range of deposit and loan products and services tailored to meet the needs of consumer and business customers. Intracoastal provides an unmatched client experience by offering a high-touch relationship based banking with high-tech delivery solutions. The company offers state of the art conveniencethrough digital solutions including online and mobile banking and a 24-hour ATM network. The bank is a state chartered commercial bank, member FDIC. Corporate information and e-banking are available at www.intracoastalbank.net. They can be reached at 386-447-1662, or Facebook at https://www.facebook.com/intracoastalbank.
For further information, please contact:
President & C.E.O.
2140 LPGA Blvd.
Daytona Beach, Florida 32117
1290 Palm Coast Parkway NW
Palm Coast, FL. 32137
Office: 386- 449-0958
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