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Bank directory 3 (Sara/Mana edition)
Regions Bank
417 N. 20th St., Birmingham, Ala. 35203
6001 26th St. W., Bradenton, Fla. 34207
Phone: (941) 747-8865 Fax: (941) 755-3295
Web site: www.regions.com
Established: Jan. 1, 1928
S-Corp: No
Lead local executive: Val Perez, president/CEO; bank directors: Shelia Blair, Malcolm Portera, James Boone Jr., Jon Rotenstreich, James French, Henry Simpson, Margaret Greene, W. Woodrow Stewart, Richard Horsley, Lee Styslinger III, Carl Jones Jr., John Watson, Susan Matlock, C. Kemmons Wilson Jr., Allen Morgan Jr., Harry Witt; chief local lending officer: DND
Year-to-date
Operations3/31/033/31/04
Total employees13,83212,741 Domestic Offices724714
Total assets 45,335,57745,267,824
Net loans & leases 32,174,64233,792,743
Total deposits 32,731,83131,922,457
Equity capital 3,881,5524,014,289
Noncurrent loans & leases 295,214246,950
Insider loans 791826
Total interest income 575,492534,193
Total interest expense 199,698141,027
Net interest income 375,794393,166
Total noninterest income 182,353156,427
Total noninterest expense 330,618336,936
Salaries & employee benefits 165,489175,612
Pre-tax net operating income 195,392196,397
Net income 148,065150,079
Performance Ratios (%)
Yield on earning assets 5.58%5.10%
Net interest margin 3.64%3.75%
Noninterest expense/assets 3.21%3.22%
Return on assets (ROA) 1.31%1.33%
Return on equity (ROE) 15.41%15.31%
Net charge-offs to loans 0.24%0.17%
Efficiency ratio 59.17%61.23%
Assets/employee ($ millions) 3.283.55
Loss allowance/loans 1.38%1.33%
Noncur. assets, OREO/assets 0.79%0.65%
Noncurrent loans/loans 0.90%0.72%
Net loans, leases/deposits 98.30%105.86%
Equity capital to assets 8.56%8.87%
R-G Crown Bank
105 Live Oaks Gardens, Casselberry, Fla. 32707
5677 S. Beneva Road, Sarasota, Fla. 34233
Phone: (941) 921-3913 Fax: (941) 925-0381
Web site: www.rgcrownbank.com
Established: June 20, 1985
S-Corp: No
Lead local executive: Debra Rowe, regional manager; bank directors: Victor Galan, John A. Koegel, Gilberto Rivera-Arreaga, Ivan A. Mendez, Ileana M. Colon-Carlo, H. Douglas Miller, Benigno Fernandez, Ramon Prats, Roberto Gorbea, John R. Shipe, John E. Knight, Ralph S. Spano; chief local lending officer: Greg Puzner, underwriter
Year-to-date
Operations3/31/033/31/04
Total employees 367419
Domestic Offices1414
Total assets 872,6951,304,308
Net loans & leases 499,837837,819
Total deposits 584,057785,253
Equity capital 118,288155,639
Noncurrent loans & leases 6,3306,549
Insider loans 00
Total interest income 10,28114,541
Total interest expense 5,0706,508
Net interest income 5,2118,033
Total noninterest income 758-743
Total noninterest expense 10,5709,792
Salaries & employee benefits 5,3415,558
Pre-tax net operating income -4,951-3,417
Net income -3,3206,483
Performance Ratios (%)
Yield on earning assets 6.02%5.15%
Net interest margin 3.05%2.84%
Noninterest expense/assets 6.18%3.46%
Return on assets (ROA) -1.54%2.00%
Return on equity (ROE) -11.09%17.12%
Net charge-offs to loans 0.54%0.09%
Efficiency ratio 177.08%133.25%
Assets/employee ($ millions) 2.383.11
Loss allowance/loans 1.13%0.81%
Noncur. assets, OREO/assets 0.86%0.58%
Noncurrent loans/loans 1.25%0.78%
Net loans, leases/deposits 85.58%106.69%
Equity capital to assets 13.55%11.93%
SouthTrust Bank
420 N. 20th St., Birmingham, Ala. 35230
1800 2nd St., Sarasota, Fla. 34236
Phone: (800) 225-5782
Web site: www.southtrust.com
Established: Nov. 9, 1887
S-Corp: No
Lead local executive: Brian Hall; bank directors: Wallace D. Malone Jr., Thomas H. Coley, Carl F. Bailey, John M. Bradford, William A. Coley, David J. Cooper, Garry N. Drummond, H. Allen Franklin, William C. Hulsey, Donald M. James, Allen J. Keesler Jr., Dr. Judy M. Merritt, Van L. Richey; chief local lending officer: Joe Gessner, commercial banking manager
Year-to-date
Operations3/31/033/31/04
Total employees12,62412,073
Domestic Offices707707
Total assets 51,329,09052,666,923
Net loans & leases 34,872,61536,075,405
Total deposits 32,620,75035,813,819
Equity capital 4,627,9204,431,272
Noncurrent loans & leases 273,382241,394
Insider loans 595,217431,027
Total interest income 616,621566,931
Total interest expense 197,903154,433
Net interest income 418,718412,498
Total noninterest income 158,890148,377
Total noninterest expense 299,748276,616
Salaries & employee benefits 180,523162,362
Pre-tax net operating income 248,460256,737
Net income 167,685177,714
Performance Ratios (%)
Yield on earning assets 5.38%4.82%
Net interest margin 3.65%3.50%
Noninterest expense/assets 2.61%2.35%
Return on assets (ROA) 1.32%1.36%
Return on equity (ROE) 14.34%16.22%
Net charge-offs to loans 0.32%0.30%
Efficiency ratio 51.15%48.47%
Assets/employee ($ millions) 4.074.36
Loss allowance/loans 1.41%1.37%
Noncur. assets, OREO/assets 0.63%0.54%
Noncurrent loans/loans 0.77%0.66%
Net loans, leases/deposits 106.90%100.73%
Equity capital to assets 9.02%8.41%
Suncoast Bank
8592 Potter Park Drive, Sarasota, Fla. 34238
Phone: (941) 923-0500 Fax: (941) 924-5525
Web site: www.suncoastnationalbank.com
Established: Sept. 7, 1999
S-Corp: No
Lead local executive: John T. Stafford, president/CEO
bank directors: Larry Berberich, Dr. Henry Black, F. Ronald Foxworthy, Larry Geimer, William Gnerre, Donald McDonough, James Rutledge, John Stafford, Dr. Stanley Williams, Roy Yahraus.
chief local lending officer: William Gnerre, executive vice president
Year-to-date
Operations3/31/033/31/04
Total employees1921
Domestic Offices33
Total assets 62,22987,824
Net loans & leases 43,48865,729
Total deposits 55,97679,710
Equity capital 5,1407,512
Noncurrent loans & leases 570
Insider loans 4,0624,586
Total interest income 7961,032
Total interest expense 306364
Net interest income 490668
Total noninterest income 527
Total noninterest expense 464536
Salaries & employee benefits 268307
Pre-tax net operating income 10118
Net income 867
Performance Ratios (%)
Yield on earning assets 5.64%5.19%
Net interest margin 3.47%3.36%
Noninterest expense/assets 3.29%2.70%
Return on assets (ROA) 0.05%0.31%
Return on equity (ROE) 0.66%3.60%
Net charge-offs to loans 00
Efficiency ratio 93.74%77.12%
Assets/employee ($ millions) 3.284.18
Loss allowance/loans 1.22%1.05%
Noncur. assets, OREO/assets 0.31%0
Noncurrent loans/loans 0.13%0
Net loans, leases/deposits 77.69%82.46%
Equity capital to assets 8.26%8.55%
SunTrust Bank
303 Peachtreet St., N.E., Atlanta, Ga. 30308
1777 Main St., Sarasota, Fla. 34236
Phone: (941) 951-3307 Fax: (941) 951-3200
Web site: www.suntrust.com
Established: Sept. 21, 1891
S-Corp: No
Lead local executive: Ray Sandhagen, CEO; bank directors: L. Phillip Humann, M. Douglas Ivester, Frank Royal M.D., J. Hyatt Brown, Summerfield Johnston Jr., James Williams, Alston Correll, J. Hicks Lanier, Karen Williams, Douglas Daft, G. Gilmer Minor III, Patricia Frist, Larry Prince, David Hughes, R. Randall Rollings; chief local lending officers: Bruce Page, Executive Vice President and Senior Lending Officer for Commercial Banking and Susan Brown, Executive Vice President and Senior Real Estate Finance Manager
Year-to-date
Operations3/31/033/31/04
Total employees25,88626,279 Domestic Offices12201233
Total assets 118,314,981124,298,068
Net loans & leases 81,199,63684,118,539
Total deposits 78,245,14381,227,391
Equity capital 9,136,17710,195,666
Noncurrent loans & leases 679,501453,719
Insider loans 683,010824,963
Total interest income 1,210,2811,164,018
Total interest expense 363,076295,606
Net interest income 847,205868,412
Total noninterest income 452,093539,003
Total noninterest expense 759,176857,997
Salaries & employee benefits 414,682452,283
Pre-tax net operating income 459,797489,457
Net income 337,823358,834
Performance Ratios (%)
Yield on earning assets 4.58%4.14%
Net interest margin 3.21%3.09%
Noninterest expense/assets 2.87%3.05%
Return on assets (ROA) 1.16%1.15%
Return on equity (ROE) 14.88%14.32%
Net charge-offs to loans 0.39%0.27%
Efficiency ratio 57.14%59.87%
Assets/employee ($ millions) 4.574.73
Loss allowance/loans 1.12%1.10%
Noncur. assets, OREO/assets 0.60%0.39%
Noncurrent loans/loans 0.83%0.53%
Net loans, leases/deposits 103.78%103.56%
Equity capital to assets 7.72%8.20%
Third Federal Savings and
Loan Association of Cleveland
7007 Broadway Ave., Cleveland, Ohio 44105
3355 Clark Road, Suite 1, Sarasota, Fla. 34231
Phone: (941) 927-6961 Fax: (941) 929-0741
Web site: www.thirdfederal.com
Established: Aug. 4, 1938
S-Corp: No
Lead local executive: Helen Sears, branch manager; bank directors: DND; chief local lending officer: DND
Year-to-date
Operations3/31/033/31/04
Total employees1,0321,037
Domestic Offices4242
Total assets 8,015,2488,191,157
Net loans & leases 6,483,5257,371,769
Total deposits 7,178,8427,281,665
Equity capital 709,515770,819
Noncurrent loans & leases 28,20730,832
Insider loans 00
Total interest income 98,16194,037
Total interest expense 60,40755,784
Net interest income 37,75438,253
Total noninterest income 4,3125,406
Total noninterest expense 27,18828,504
Salaries & employee benefits 13,59115,925
Pre-tax net operating income 13,07813,855
Net income 16,10610,733
Performance Ratios (%)
Yield on earning assets 5.20%4.86%
Net interest margin 2.00%1.98%
Noninterest expense/assets 1.44%1.47%
Return on assets (ROA) 0.81%0.53%
Return on equity (ROE) 9.19%5.62%
Net charge-offs to loans 0.01%0.02%
Efficiency ratio 64.63%64.74%
Assets/employee ($ millions) 7.777.90
Loss allowance/loans 0.13%0.16%
Noncur. assets, OREO/assets 0.38%0.39%
Noncurrent loans/loans 0.43%0.42%
Net loans, leases/deposits 90.31%101.24%
Equity capital to assets 8.85%9.41%
United Bank and Trust Co.
5801 49th St. N., Saint Petersburg, Fla. 33733
1400 State St., Sarasota, Fla. 34236
Phone: (941) 362-9595 Fax: (941) 556-1014
Web site: www.unitedbank.com
Established: Feb. 19, 1980
S-Corp: No
Lead local executive: Mark Dunlop, city executive
bank directors: C. Peter Bardin, W. Stuart Gregory, Edward L. Kalin, Daniel Kane, Stanley B. Kane, Harold Libby, Marlene Liberman, Hugh E. McGuire, Neil W. Savage and Steven R. Matzkin; chief local lending officer: L. Thomas Baker, senior VP/ Commercial Lending
Year-to-date
Operations3/31/033/31/04
Total employees107112
Domestic Offices88
Total assets 380,459455,575
Net loans & leases 270,204295,296
Total deposits 334,206338,755
Equity capital 28,39385,030
Noncurrent loans & leases 4,3931,243
Insider loans 10,0188,334
Total interest income 1,7705,215
Total interest expense 386813
Net interest income 1,3844,402
Total noninterest income 506976
Total noninterest expense 8673,379
Salaries & employee benefits 5392,059
Pre-tax net operating income 9231,774
Net income 5711,105
Performance Ratios (%)
Yield on earning assets 2.24%6.02%
Net interest margin 1.75%5.08%
Noninterest expense/assets 1.10%3.90%
Return on assets (ROA) 0.63%0.99%
Return on equity (ROE) 8.20%5.24%
Net charge-offs to loans -0.02%-0.01%
Efficiency ratio 45.87%58.44%
Assets/employee ($ millions) 3.564.07
Loss allowance/loans 2.03%1.92%
Noncur. assets, OREO/assets 1.69%0.48%
Noncurrent loans/loans 1.59%0.41%
Net loans, leases/deposits 80.85%87.17%
Equity capital to assets 7.46%18.66%
Wachovia Bank NA
First Union Plaza, Charlotte, N.C. 28288
1819 Main St., Sarasota, Fla. 34236
Phone: (941) 361-5800 Fax: (941) 361-5747
Web site: www.wachovia.com
Established: Jan. 11, 1994
S-Corp: No
Lead local executive: Jim Grey, market president; bank directors: John D. Baker, II, James S. Balloun, Robert J. Brown, Peter C. Browning, William H. Goodwin, Jr., Robert A. Ingram, Mackey J. McDonald, Joseph Neubauer, Lloyd U. Noland, III, John T. Casteen, III,Ruth G. Shaw, Lanty L. Smith, G. Kennedy Thompson, John C. Whitaker, Jr., Dona Davis Young; chief local lending officer: Jim Grey, market president
Year-to-date
Operations3/31/033/31/04
Total employees71,73768,873
Domestic Offices27502609
Total assets 323,783,000364,474,000
Net loans & leases 166,938,000176,722,000
Total deposits 201,555,000238,849,000
Equity capital 31,397,00031,878,000
Noncurrent loans & leases 2,004,0001,359,000
Insider loans 1,175,0001,545,000
Total interest income 3,537,0003,749,000
Total interest expense 1,092,0001,023,000
Net interest income 2,445,0002,726,000
Total noninterest income 1,546,0001,497,000
Total noninterest expense 2,443,0002,567,000
Salaries & employee benefits 1,156,0001,137,000
Pre-tax net operating income 1,345,0001,615,000
Net income 997,0001,118,000
Performance Ratios (%)
Yield on earning assets 5.59%5.05%
Net interest margin 3.86%3.67%
Noninterest expense/assets 3.86%3.46%
Return on assets (ROA) 1.24%1.25%
Return on equity (ROE) 12.83%14.36%
Net charge-offs to loans 0.64%0.13%
Efficiency ratio 57.75%58.25%
Assets/employee ($ millions) 4.515.29
Loss allowance/loans 1.60%1.35%
Noncur. assets, OREO/assets 0.66%0.41%
Noncurrent loans/loans 1.18%0.76%
Net loans, leases/deposits 82.83%73.99%
Equity capital to assets 9.70%8.75%
World Savings Bank, FSB
1970 Broadway St., Oakland, Calif. 94612
5858 Cortez Road, Bradenton, Fla. 34210
Phone: (941) 794-3636 Fax: (941) 798-9418
Web site: N/A
Established: Oct. 8, 1987
S-Corp: No
Lead local executive: DND; bank directors: DND; chief local lending officer: DND
Year-to-date
Operations3/31/033/31/04
Total employees9,0619,061
Domestic Offices285285
Total assets 86,525,59886,525,598
Net loans & leases 79,449,51279,449,512
Total deposits 47,558,42247,558,422
Equity capital 6,598,5436,598,543
Noncurrent loans & leases 399,799399,799
Insider loans 2,9102,910
Total interest income 938,754938,754
Total interest expense 308,902308,902
Net interest income 629,852629,852
Total noninterest income 45,16945,169
Total noninterest expense 189,245189,245
Salaries & employee benefits 124,847124,847
Pre-tax net operating income 485,831485,831
Net income 305,584305,584
Performance Ratios (%)
Yield on earning assets 4.62%4.62%
Net interest margin 3.10%3.10%
Noninterest expense/assets 0.93%0.93%
Return on assets (ROA) 1.45%1.45%
Return on equity (ROE) 18.97%18.97%
Net charge-offs to loans 0.00%0.00%
Efficiency ratio 27.73%27.73%
Assets/employee ($ millions) 9.559.55
Loss allowance/loans 0.36%0.36%
Noncur. assets, OREO/assets 0.48%0.48%
Noncurrent loans/loans 0.50%0.50%
Net loans, leases/deposits 167.06%167.06%
Equity capital to assets 7.63%7.63%
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