Bank aims to be regional leader in minority business loans

St. Petersburg-based First Home Bank, coming off a stellar year in terms of asset growth, ended 2020 with a new mission for 2021: to become the preeminent minority business lender in the Tampa Bay region.

The bank, one of the area leaders in handling PPP loans, had $1.5 billion in assets through Sept. 30, according to Federal Deposit Insurance Corp. data. That’s up 196.4% from $506.8 million through Sept. 30, 2019. Now the bank heads into 2021 with what CEO Anthony Leo calls an “aggressive goal” of distributing more than $50 million in loans to minority- and women-owned businesses in the region by 2023. “This is the right thing to do for both the community and our shareholders,” Leo says in a statement.