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12/28/2009 Community Bank & Trust CEO named to Fed Board
12/22/2009 Hugh Dailey Appointed to the Federal Reserve Bank of Atlanta Jacksonville Branch Board of Directors
11/13/2009 NACHA Issues Phishing Alert
11/04/2009 ICBA Offers Tips to Help Consumers Manage Checking Accounts
10/27/2009 A Message from FDIC Chairman Sheila C. Blair
10/16/2009 CBTFL Announces Third Quarter Results
10/14/2009 Sheriffs Office Warns Citizens of Phone Scam to Avoid
09/25/2009 Bill Payment Enhancements Coming October 22nd
09/16/2009 Tips for Responsible Home Ownership
09/01/2009 ICBA Warns Consumers of Fraudulent Cashiers Checks
08/26/2009 Jim Anthony joins Florida Bankers Association Trust Committe
07/23/2009 CBTFL Continues to Grow and Remain Profitable
07/07/2009 ICBA Tips to Help Consumers Guard Against Loan Scams
04/24/2009 CBTFL Reaches $500 Million Milestone
04/01/2009 Jeff Baker receives promotion to Vice President
02/02/2009 CBTFL Achieves Strong Financial Results
01/20/2009 Angie Dansby earns Certified Treasury Professional status
01/02/2009 First Quarter Newsletter



Community Bank & Trust CEO named to Fed Board
   12/28/2009
Community Bank & Turst CEO named to Fed board
Hugh Dailey believes he was appointed because of his bank's performance despite economy.

By Susan Latham Carr
Ocala Star Banner Staff writer

Hugh Dailey, president and chief executive officer of Community Bank and Trust of Florida, this month was appointed to the board of directors of the Federal Reserve Bank of Atlanta's Jacksonville branch.

"They are looking for input from main street banks versus Wall Street banks," Dailey said. "They want ground intelligence."

Dailey's broad banking experience and his deep community involvement as the head of a locally owned bank positions him well for gathering information, not only from bankers he has come to know in the region but also from other sectors of the economy, such as manufacturing, tourism and housing, the leading economic indicators.

Dailey said he believes he was appointed based on his bank's strong performance in the current faltering economy.

"Our bank is doing really well," he said.

Community Bank and Trust of Florida did not make subprime loans and they lent money to responsible borrowers, who pay the loans back, Dailey said. They also made many small loans, like car loans, which is their "bread and butter." And he hired good bankers and built a reputation as a stable and secure community bank.

Dailey's term began on Dec. 10 and runs through Dec. 31, 2011. Most terms are for three years, but Dailey was selected to fill another director's unfinished term. When this term ends, he could be re-appointed to a full 3-year term.

Federal Reserve Bank of Atlanta's branch directors provide economic information about their industry and the branch's area to the district president and head office directors, who, in turn, use the information when setting monetary policy and making discount rate recommendations.

They also have a roll to play in bank supervision, and Dailey is looking forward to learning more about that.

Three of the seven Jacksonville Branch directors are appointed by the Board of Governors and four are appointed by the Atlanta head office directors. Dailey was appointed by the Atlanta Fed's board of directors.

The position is an apolitical one. As a member of the board, Dailey is prohibited from publicly endorsing candidates, running for office or sitting on a Political Action Committee.

Dailey has been Community Bank and Trust of Florida's president and CEO since 1997. From 1984-97 he was senior vice president of SunTrust Bank, North Central Florida.

In addition to holding numerous positions with the Florida Bankers Association, he has broad community involvement. He was a farmer before becoming a banker and has held leadership positions with the Ocala/Marion County Economic Development Council, the Ocala/Marion County Chamber of Commerce; the Marion County Cattlemen's Association and a Habitat for Humanity sponsor.

No one from Ocala/Marion County has been on the Fed's board since JoAnn Smith left the position in 1986 to run for public office. But Dailey's appointment may give Ocala some much-needed luster after a long stretch of dismal headlines.

The failures of mortgage lender Taylor, Bean & Whitaker, Ocala National Bank and Platinum Community Bank, combined with one of the highest unemployment rates and lowest median housing prices in the state have put Ocala in the national spotlight and may cause companies to reconsider relocating to the area.

Most troubling is the 13.9 percent unemployment rate.

"It gets frustrating when we can't put them to work, we can't provide jobs," Dailey said. "What I think is important about Ocala/Marion County is we do have a very well educated and skilled workforce ready to work."

But the local economy is a mixed bag.

While he believes Marion County's housing market has hit its low point, the commercial real estate market now is depressed.

With lower construction costs, he said he thought doctors would be building offices, but they, too, are waiting to see how the health care reform legislation pending in Washington will affect them.

Dailey said he believes city and county governments are working together to attract companies but he thinks more could be done to help expand small, existing companies.

As he surveys the national economy, Dailey sees a mixed bag.

The stock market, for example, seems to be rebounding. But the banking industry is under a lot of scrutiny, with so many banks accepting the federal Troubled Asset Relieve Program (TARP) funding.

In the end, that should wind up being good for taxpayers because banks must repay the TARP loans with interest, he said. His bank did not take any TARP funds.

But there still are concerns, National statistics are showing that, of the homes that have had their mortgages modified, 30-40 percent are showing delinquencies again, Dailey said.

"I think the Federal Reserve Board is trying to get people representing different areas to provide good information," Dailey said.

Local bankers, who are his competitors, applauded Dailey's appointment.

"The way he runs his bank is excellent. I have the greatest admiration and respect for him," said John Hunt, president and CEO of First Avenue National Bank, a Federal Reserve member. "He has grown that bank extremely well. He has hired good people. Everything I have to say about Hugh Dailey is good. I don't think he has made any mistakes."

John Kurtz, president of Alarion Bank, shares Hunt's respect for Dailey.

"It's a very positive thing for Hugh, his bank and the community," Kurtz said. "Hugh's an excellent banker and a real quality person who has done a lot for the community."




Hugh Dailey Appointed to the Federal Reserve Bank of Atlanta Jacksonville Branch Board of Directors
   12/22/2009

For immediate release: Dec. 22, 2009

Dailey and Jones Appointed to the Federal Reserve Bank of Atlanta's Jacksonville Branch Board of Directors

Hugh F. Dailey, president and chief executive officer of Community Bank and Trust of Florida, and D. Kevin Jones, president and chief executive officer of MIDFLORIDA Credit Union, have been appointed to the board of directors of the Federal Reserve Bank of Atlanta's Jacksonville Branch. Dailey's term began on Dec. 10, 2009, and runs through Dec. 31, 2011. Jones' term begins on Jan. 1, 2010, and runs through Dec. 31, 2012.

Dailey has served as president and chief executive officer of Community Bank and Trust of Florida since 1997. Previously he was senior vice president of agricultural lending for SunTrust Bank, North Central Florida, from 1984 to 1997. Dailey serves as a director of the Independent Community Banker Association. He has held numerous positions with the Florida Bankers Association including president of the leadership division, chairman of the educational foundation, state director and board member for Bankserv and the 2009 annual convention chairman. His current and past affiliations include director and vice chair of finance, Ocala/Marion County Economic Development Council; member of the Ocala/Marion County Chamber of Commerce; director, Marion County Cattlemen's Association; and a sponsor of Habitat for Humanity. He earned a bachelor's degree from the University of Florida and is a graduate of Clemson University's Southeastern Agricultural Lending School, the University of Florida's School of Banking, Louisiana State University's Graduate School of Banking of the South and the Louisiana State University/Sheshunoff Professional Masters of Banking Program.

Jones began his banking career at American Fletcher National Bank, where he served as assistant branch manager, accounting manager, and accounting and administrative officer. He then worked at Cummins Employees Federal Credit Union as vice president of finance. He joined MIDFLORIDA in 1992. Jones is a past director of the Lakeland Chamber of Commerce, the Florida Credit Union League Service Group, the Drug Prevention Resource Center and the Lakeland Downtown Development Authority. He is also a member of the board of directors of Junior Achievement of Polk County, the Polk Education Foundation, and the Downtown Lakeland Partnership. He earned a bachelor's degree in accounting from Indiana University and an MBA from Florida Southern College.

Federal Reserve Bank of Atlanta branch directors provide economic information on their industry and the branch territory to the district bank's president and head office directors, who use the information in formulating monetary policy and making discount rate recommendations. Dailey and Jones were appointed by the Atlanta Fed's board of directors. The Board of Governors appoints three of the Jacksonville Branch directors, and the Atlanta head office directors appoint four.




NACHA Issues Phishing Alert
   11/13/2009
NACHA Issues Phishing Alert
NACHA-The Electronic Payments Association announced that individuals and companies may have received falsified e-mails with the subject title "Rejected ACH Transaction." The e-mail appears to be from NACHA and tells recipients that there is a problem with an ACH transaction they have originated.

The e-mail includes a link to a Web site that looks like the NACHA site and contains a link that is almost certainly a malware virus. The e-mail did not originate from NACHA, the Web site is not NACHA's and recipients should not click on the link. Read Phishing Alert.




ICBA Offers Tips to Help Consumers Manage Checking Accounts
   11/04/2009
FOR IMMEDIATE RELEASE

ICBA Offers Tips to Help Consumers Manage Checking Accounts Wisely and Guard Against Overdraft Fees

Washington, D.C. (November 2, 2009) - Many of our nation's more than 8,000 community banks offer overdraft services to their customers who would otherwise inadvertently overdraw their accounts and thus become subject to fees and complications. To ensure that consumers have the information they need, the Independent Community Bankers of America (ICBA) today issued the following tips to help consumers manage their accounts wisely so they can avoid overdraft fees.

"Community banks are built on the relationships we have with our customers. In a perfect world, consumers would never find themselves in a situation where they may overdraw their account, however, we know our customers encounter situations in which overdrafts happen," said R. Michael Menzies, ICBA chairman and president and CEO of Easton Bank and Trust Co., Easton, Md. "Our customers recognize that accepting the overdraft fee for overdrawing their account is a convenience that allows them to avoid the penalties of missing a mortgage payment or monthly utility bill."

The following tips can help you manage your account wisely to avoid overdraft situations.
  • Keep an eye on your account balance prior to writing a check or using your debit card. Prevention is your best medicine.
    • Review your transactions on an ongoing basis.
    • Use services, such as online banking, your bank may provide to help you keep up-to-date with your balance.
    • Remember to record and deduct checks, automatic recurring payments and debit card transactions and to add any deposits that have not yet been posted to your account.
    • Do not use your debit card like you use your credit card. Your debit card is like an electronic check and the funds are automatically deducted from your account.
  • Ask your bank about all of its overdraft services. Community banks generally offer three types of overdraft services: overdraft lines of credit, transfers or sweeps from a savings account or another checking account, and overdraft coverage.
    • Overdraft lines of credit charge interest but provide a safety net. They may also have a transaction and/or annual fee. If needed, disbursements can be repaid over a period of time.
    • Transfer or sweep arrangements allow customers to cover overdrafts using their own funds for a small transaction fee.
    • Many times a bank will choose to pay an overdraft for a fee to avoid consumers having the inconvenience of returned transactions - embarrassment, fees and hassles from merchants.
    • Talk to your community banker about the best choice(s) for you.
"During these challenging economic times, consumers are making tough financial choices - more so than they have ever had to do in the past. Community bankers want to be sure that consumers manage their accounts wisely." Menzies said. "Most community banks provide some form of overdraft services, and do so in a way that best meets the needs of their customers. Remember that community bankers are there to help you."



A Message from FDIC Chairman Sheila C. Blair
   10/27/2009
A Message form FDIC Chairman Sheila C. Blair

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CBTFL Announces Third Quarter Results
   10/16/2009
FOR IMMEDIATE RELEASE
For further information contact:
Alicia Porter
Community Bank & Trust of Florida
352-369-1000

NEWS RELEASE
October 16, 2009

Community Bank & Trust of Florida Continues to be Profitable

Ocala, FL - Florida Community Bankshares, Inc., the holding company for Community Bank & Trust of Florida, announced its financial results for the third quarter of 2009. The company reported Total Assets of $522.8 million as of September 30, 2009 as well as Net Income of $1.308 million during the first nine months of 2009.

The company also reported Total Capital of $34.6 million. Delinquent Loans were well under 1% of Total Loans outstanding at 0.62% and Non-Performing Loans were 2.44% of Total Loans.

Hugh F. Dailey, President of the company, said "These are tough times for Marion and Sumter Counties so we are very proud of our results. Our profitability means our capital base is growing and that growth is allowing us to continue to take care of our customers. We are a safe, sound, and secure solution for the banking needs of the people of north central Florida."

Community Bank & Trust of Florida was established in 1998 and is the largest community bank in Marion County as well as the fifth largest bank in the market. The bank is a member of the FDIC and has 7 full-service banking offices with 100 employees along with trust and investment services.




Sheriffs Office Warns Citizens of Phone Scam to Avoid
   10/14/2009
Citizens should be aware of a new phone scam currently circulating around the United States. If you receive a call from a suspicious person requesting a return call to a phone number beginning with area codes 809, 284 or 876, DO NOT CALL. The scam works as a lure to dial a number that reroutes the caller outside the U.S. or overseas, resulting in an alarmingly high phone bill.

This message may request the caller to inquire about winning a prize, obtaining information about a sick relative, etc. This scam may affect citizens with different telephone services across the country.

To prevent citizens from becoming victims of this new scam, the Sheriff’s Office encourages you to:

Return calls to familiar numbers only. As a general rule, return calls from numbers that contain familiar or recognizable area codes. You may call your directory assistance or long distance operator to check the area code locations.

Carefully read your telephone bill. Make sure that you only receive charges from your provider of choice. Ensure you thoroughly understand each charge and have authorized any additional charges.

If citizens receive a suspected scam message, they should delete the message and not return the call.

Jenifer Fisher



Bill Payment Enhancements Coming October 22nd
   09/25/2009

On October 22nd, 2009 you will see the following improvements to the bill pay application.

Paying your bills online will be easier than ever before, with the same great security features in place!

We've made the site easier to navigate and we've added enhanced features like:

Deliver by Scheduling - Choose the date you want your payment to arrive.
Payments Review Page - Review, edit and expedite your payments on
one page.
Quick Links - Add a payee or make a payment with ease.
E-bills - Reduce paper waste by receiving and paying your bills online.

We hope you will enjoy these new enhancements.

Continue checking your email and online message center for additional information!



Tips for Responsible Home Ownership
   09/16/2009
Tips for Responsible Home Ownership

Owning your own home is part of the American Dream……you need to be prepared for its challenges. These tips can help make your experience as a homeowner a little easier.

  1. Maintaining and improving your home
    Keeping your home in tip top condition will help the property appreciate in value and give you a pride of ownership.
  2. Paying your mortgage
    Prioritize your spending. After healthcare, keeping your house should be your first priority. Review your finances and see where you can cut spending in order to make your mortgage payments.
  3. Avoiding foreclosure
    Don't ignore the problem. Contact your lender as soon as you realize that you have a problem. The bank does not want your house. Open and respond to all mail from the bank. Know your mortgage rights by reading your loan documents.
  4. Selling your home
    This can be exciting, but it also takes work. You'll need to decide if you're going to sell your own home or use a professional Realtor. And you'll need to be patient. Selling your home can take time, depending on the local real estate market.
  5. Refinancing
    Should I refinance? Call me at 352-369-1000 to discuss the benefits of refinancing.

Equal Housing Lender



ICBA Warns Consumers of Fraudulent Cashiers Checks
   09/01/2009


Click here to read the news article.




Jim Anthony joins Florida Bankers Association Trust Committe
   08/26/2009
NEWS RELEASE
FOR IMMEDIATE RELEASE
August 21, 2009


Jim Anthony of Community Bank and Trust of Florida
Has been elected to serve on the Florida Bankers Association Trust,
Asset Management and Private Banking Division Executive Committee

Tallahassee - Jim Anthony, Executive Vice President of Community Bank and Trust of Florida has been elected to serve on the Florida Bankers Association Trust, Asset Management and Private Banking Division Executive Committee. He will begin his term at the division's Wealth Management Conference on September 30th in Orlando.

The Executive Committee oversees the Trust, Asset Management and Private Banking Division of the Florida Bankers Association. The Trust, Asset Management and Private Banking Division is made up of over 45 member institutions. The Division focuses on issues, legislative and educational activities and strategic initiatives that improve its members' competitive position in the fiduciary and investment services and private banking marketplace.

For more information, contact the Florida Bankers Association headquarters at 850-224-2265; 1001 Thomasville Road, Suite 201, Tallahassee, FL; www.floridabankers.com.




CBTFL Continues to Grow and Remain Profitable
   07/23/2009
FOR IMMEDIATE RELEASE
For further information contact:
Alicia Porter
Community Bank & Trust of Florida
352-369-1000


July 23, 2009


Community Bank & Trust of Florida Continues to Grow and Remain Profitable


Ocala, FL - Florida Community Bankshares, Inc., the holding company for Community Bank & Trust of Florida, announced its financial results for the second quarter of 2009. The company reported Total Assets of $523.1 million as of June 30, 2009 as well as Net Income of $686 thousand during the first half of 2009. The Net Income figure was negatively impacted by $170m for the expense of the five cent FDIC Special Assessment Premium assessed on all FDIC insured banks.

Community Bank & Trust of Florida was established in 1998 and is the largest community bank in Marion County as well as the fifth largest bank in the market. The bank is a member of the FDIC and has 7 full-service banking offices with 100 employees.

The company also reported total capital of $32.5 million. Delinquent Loans were well under 1% of Total Loans outstanding at 0.33% and Non-Performing Loans were 1.62% of Total Loans.

Hugh F. Dailey, President of the company, said "While a lot of banks in Florida are struggling financially, we are very proud of continuing to be profitable during these tough economic times. We are also proud that our strong capital base allowed us not to participate in the TARP (Troubled Asset Relief Program) program. Everyone should know that Community Bank &Trust of Florida is a safe, sound, and secure banking institution."




ICBA Tips to Help Consumers Guard Against Loan Scams
   07/07/2009


Click here to read the news article.




CBTFL Reaches $500 Million Milestone
   04/24/2009
PRESS RELEASE
April 21, 2009

Community Bank & Trust of Florida Reaches $500 Million Milestone


Ocala, FL - Florida Community Bankshares, Inc., the holding company for Community Bank & Trust of Florida, announced its first quarter financial results for 2009. The company reported Total Assets of $500.4 million as of March 31, 2009 as well as earning $365 thousand during the first quarter of 2009.

The bank is the first locally owned bank to reach $500 million in total assets in the history of Marion County.

Community Bank & Trust of Florida was established in 1998 and is the largest community bank in Marion County as well as the fifth largest bank in the market. The bank is a member of the FDIC and has 7 full-service banking offices with 101 employees.

The company also reported total capital of $32.4 million. Delinquent Loans were well under 1% of Total Loans outstanding at 0.37% and Non-Performing Loans were 1.24% of Total Loans.

Hugh F. Dailey, President of the company, said “We are very proud of reaching the $500 million Total Asset milestone as we celebrate our 11th anniversary. We are also proud of our capital base and our loan quality numbers. As the economic news continues to be tough, it is important for everyone to know that Community Bank & Trust of Florida is a safe, sound, and secure banking institution.”




Jeff Baker receives promotion to Vice President
   04/01/2009
FOR IMMEDIATE RELEASE
For further information contact:
Hugh Dailey
Community Bank & Trust of Florida
352-369-1000

News Release

Jeff Baker receives promotion to Vice President


Ocala, Florida - Jeff Baker, Commercial Banking Officer at Community Bank & Trust of Florida's North office located at 7139 N. US Highway 441 has been promoted to Vice President. Jeff is a native of Ocala, a graduate of the University of Florida and the Florida School of Banking, and as has eight years of banking experience.

Community Bank's president and CEO, Hugh Dailey, stated "We believe that hiring local talent and investing in their education has always served our bank and our customers very well. We're extremely proud of Jeff who has consistently brought new business clients to the bank during his tenure as a commercial banker."

Community Bank & Trust of Florida has seven offices located in Marion and Sumter Counties.




CBTFL Achieves Strong Financial Results
   02/02/2009
PRESS RELEASE
February 2, 2009

Community Bank & Trust of Florida Achieves Strong Financial Results


Ocala, FL - Florida Community Bankshares, Inc., the holding company for Community Bank & Trust of Florida, announced its unaudited financial results for 2008. The company achieved strong financial results with earnings of $3.327 million for 2008. The audited figures should be available by the middle of March, 2009. Community Bank & Trust of Florida was established in 1998 and is the largest community bank in Marion County as well as the fifth largest bank in the market. The bank is a member of the FDIC and has seven full-service banking offices with one-hundred employees.

The company grew to over $442 million in Total Assets. Its Capital is $32.7 million and is considered "Well-Capitalized" providing the company with a cushion for protection against any short-term problems. Delinquent Loans and Non-Performing Loans were well under 1% of Total Loans outstanding at 0.44% and 0.62%, respectively.

Hugh F. Dailey, President of the bank, said "Our results show that we are prudent lenders that did not participate in the sub-prime residential real estate market. We have a strong capital base that is growing everyday. In these times, it is important for our customers, and prospective customers, to know that Community Bank & Trust of Florida is a safe, sound, and secure banking institution."

Mr. Dailey went on to say that "A great banking experience is provided to our customers by our outstanding employees, convenient locations, great rates, and FDIC insurance."




Angie Dansby earns Certified Treasury Professional status
   01/20/2009
FOR IMMEDIATE RELEASE
For further information contact:
David J. Werner
Community Bank & Trust of Florida
352-369-1000

News Release

Angie Dansby earns Certified Treasury Professional status


Ocala, Florida—Angie Dansby, assistant vice president and cash management specialist for Community Bank & Trust of Florida achieved Certified Treasury Professional as designated by the Association for Financial Professionals.

Hugh Dailey, president, noted that "Angie has taken our bank to a more sophisticated level in meeting the complex needs of our business customers. Angie is to be commended for her dedication and study to achieve this level of professionalism".

Community Bank & Trust of Florida has over $450 million in assets with seven offices.




First Quarter Newsletter
   01/02/2009
We are proud to offer our customers the convenience of having our quarterly news letters available online.

Click here to view the newsletter.






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