08/24/2017: Last Locally Headquartered Bank Prides Itself On Financial Strength and Customer Service Standards
Approaching its 20th Anniversary, Community Bank & Trust of Florida finds itself the last locally owned and operated bank in Marion and Alachua Counties and one of only two local banks in Sumter County.
Community Bank & Trust of Florida has thrived amongst many local buyouts in the market in recent years, the acquisition of Gateway Bank by CenterState bank left Community Bank & Trust of Florida the last locally owned bank in Marion County. With a strong financial portfolio, the bank has plans to continue its growth and success in the local market
“We are very proud to say that we are still locally owned and operated right here in Ocala,” said Hugh Dailey, president and CEO of Community Bank & Trust of Florida. “Our progressive style of banking together with our local market knowledge and high customer service standards have been a winning combination for our bank and our community over the past 20 years.”
Florida Community Bankshares, Inc., the holding company for Community Bank & Trust of Florida, recently announced its financial results for the second quarter 2017. The results show a strong financial performance at the mid-year mark as the bank continues to grow.
- Total Assets – $708.9 million
- Net Income – $2.602 million year-to-date
- Total Capital – $53.973 million or 7.6 percent of total assets
- Non-performing Assets were only 0.16 percent of Total Assets.
“We enjoy serving the people of our communities and plan to be independent for a long time to come,” said Dailey.