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Business Observer Friday, Aug. 27, 2004 17 years ago

Bank Directory1 (Sara/Mana edition)

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Bank directory 1 of three

Bank Directory (Sara/Mana edition)

$ = thousands

AmSouth Bank

1900 5th Ave., N., Birmingham, Ala.35203

1567 Main St., Sarasota, Fla. 34236

Phone: (941) 952-0795 Fax: (941) 366-5967

Web site: www.amsouth.com

Established: Oct. 14, 1986

S-Corp: No

Lead local executive: Dana Opsincs, regional sales manager; bank directors: C. Dowd Ritter, Ronald Kuehn Jr., Claude Nielsen, James Malone, Earnest Deavenport Jr., Martha Ingram, Charles McCrary, Cleophus Thomas Jr.; chief local lending officer: Dana Opsincs

Year-to-date

Operations3/31/033/31/04

Total employees (full-time) 11,72412,486

Domestic Offices598602

Total assets 42,089,69547,407,870

Net loans & leases 27,342,46829,755,196

Total deposits 28,278,78132,036,280

Equity capital 3,663,2633,637,280

Noncurrent loans & leases 230,136161,099

Insider loans 42,59051,331

Total interest income 537,624524,636

Total interest expense 166,683158,693

Net interest income 370,941365,943

Total noninterest income 188,018212,474

Total noninterest expense 288,854320,744

Salaries & employee benefits 160,651181,421

Pre-tax net operating income 225,405229,573

Net income 160,824165,413

Performance Ratios (%)

Yield on earning assets 5.88%5.03%

Net interest margin 4.05%3.51%

Noninterest expense/assets 3.16%3.08%

Return on assets (ROA) 1.56%1.42%

Return on equity (ROE) 17.51%18.39%

Net charge-offs to loans 0.61%0.40%

Efficiency ratio 51.46%55.25%

Assets/employee ($ millions) 3.593.80

Loss allowance/loans 1.38%1.27%

Noncur. assets, OREO/assets 0.63%0.42%

Noncurrent loans/loans 0.83%0.53%

Net loans, leases/deposits 96.69%92.88%

Equity capital to assets 8.70%7.67%

Branch Banking and Trust Co.

110 S. Stratford Road, Winston-Salem, N.C. 27104

1100 S. Tamiami Trail, Sarasota, Fla. 34236

Phone: (941) 366-4030 Fax: (941) 365-4426

Web site: bbandt.com

Established: N/A

S-Corp: N/A

Lead local executive: Tom Davidson, regional banking manager; bank directors: John Allison, Jennifer Banner, Nelle Chilton, Alfred Cleveland, Ronald Deal, Tom Efird, Barry Fitzpatrick, L. Vincent Hackley, Jane Helm, J. Ernest Lathem, James Maynard, Albert McCauley, J. Holmes Morrison, Richard Player Jr., Nido Qubein, E. Rhone Sasser, Jack Shaw, Albert Zettlemoyer; chief local lending officer: Janet Miller

Year-to-date

Operations3/31/033/31/04

Total employees 17,69219,487

Domestic Offices813850

Total assets 63,996,29170,839,575

Net loans & leases 43,390,92648,035,333

Total deposits 39,104,49045,556,381

Equity capital 6,396,9487,049,378

Noncurrent loans & leases 353,094346,403

Insider loans 110,74997,855

Total interest income 818,341812,872

Total interest expense 283,197216,326

Net interest income 535,144596,546

Total noninterest income 350,111378,703

Total noninterest expense 485,318541,997

Salaries & employee benefits 264,758306,193

Pre-tax net operating income 361,282391,938

Net income 278,451268,359

Performance Ratios (%)

Yield on earning assets 5.83%5.42%

Net interest margin 3.81%3.98%

Noninterest expense/assets 3.46%3.62%

Return on assets (ROA) 1.72%1.55%

Return on equity (ROE) 17.32%15.84%

Net charge-offs to loans 0.34%0.32%

Efficiency ratio 54.14%54.30%

Assets/employee ($ millions) 3.623.64

Loss allowance/loans 1.19%1.13%

Noncur. assets, OREO/assets 0.64%0.58%

Noncurrent loans/loans 0.80%0.71%

Net loans, leases/deposits 110.96%105.44%

Equity capital to assets 10.00%9.95%

Bank of America NA

101 South Tryon St., Charlotte, N.C.28255

1605 Main St., Sarasota, Fla. 34236

Phone: (941) 952-2600 Fax: (941) 952-2853

Web site: www.bankofamerica.com

Established: Oct. 17, 1904

S-Corp: No

Lead local executive: Douglas DiVirgilio, president;

bank directors: William Barnett III, Charles Coker, John Collins, Gary Countryman, Paul Fulton, Charles Gifford, Donald Guinn, James Hance Jr., Kenneth Lewis, Walter Massey, Thomas May, C. Steven McMillan, Eugene McQuade, Patricia Mitchell, Edward Romero, Thomas Ryan, O. Temple Sloan Jr., Meredith Spangler, Jackie Ward. Chief local lending officers: small business, Weymon Snuggs; commercial: Kim Graham; consumer: Dawn Champiny

Year-to-date

Operations3/31/033/31/04

Total employees124,142127,029

Domestic Offices42984373

Total assets 574,410,000690,572,545

Net loans & leases 327,629,000350,268,428

Total deposits 415,729,000474,179,133

Equity capital 49,419,00049,652,005

Noncurrent loans & leases 5,214,0002,464,830

Insider loans 203,000121,102

Total interest income 5,962,0006,512,500

Total interest expense 1,651,0001,940,153

Net interest income 4,311,0004,572,347

Total noninterest income 3,149,0003,047,429

Total noninterest expense 4,140,0004,756,608

Salaries & employee benefits 1,957,0002,162,076

Pre-tax net operating income 2,873,0002,880,005

Net income 2,063,0002,243,358

Performance Ratios (%)

Yield on earning assets 5.21%4.89%

Net interest margin 3.77%3.44%

Noninterest expense/assets 3.62%3.57%

Return on assets (ROA) 1.45%1.37%

Return on equity (ROE) 16.40%18.17%

Net charge-offs to loans 0.60%0.30%

Efficiency ratio 54.33%61.81%

Assets/employee ($ millions) 4.635.44

Loss allowance/loans 1.71%1.23%

Noncur. assets, OREO/assets 0.96%0.42%

Noncurrent loans/loans 1.56%0.70%

Net loans, leases/deposits 78.81%73.87%

Equity capital to assets 8.60%7.19%

The Bank of Commerce

783 South Orange Ave., Sarasota, Fla.34236

Phone: (941) 373-0522 Fax: (941) 373-0722

Web site: www.bankofcommercefl.com

Established: Sept. 1, 2000

S-Corp: No

Lead local executive: Charles Murphy, president and CEO; bank directors: Charles Murphy, James Bin, John Cannon, John Cox, James Keller, Donald Lawson, Cathy Layton, Dr. P. Natarajan; chief local lending officer: Jerry Scott, executive VP/senior loan officer

Year-to-date

Operations3/31/033/31/04

Total employees2328

Domestic Offices11

Total assets 117,267169,629

Net loans & leases 96,247130,794

Total deposits 104,411149,977

Equity capital 12,33713,198

Noncurrent loans & leases 00

Insider loans 6,3168,984

Total interest income 1,6062,097

Total interest expense 609694

Net interest income 9971,403

Total noninterest income 8339

Total noninterest expense 736890

Salaries & employee benefits 414532

Pre-tax net operating income 139477

Net income 84292

Performance Ratios (%)

Yield on earning assets 6.15%5.48%

Net interest margin 3.82%3.66%

Noninterest expense/assets 2.82%2.32%

Return on assets (ROA) 0.31%0.74%

Return on equity (ROE) 2.73%8.98%

Net charge-offs to loans 00.04%

Efficiency ratio 68.15%61.72%

Assets/employee ($ millions) 5.106.06

Loss allowance/loans 1.16%1.19%

Noncur. assets, OREO/assets 00

Noncurrent loans/loans 00

Net loans, leases/deposits 92.18%87.21%

Equity capital to assets 10.52%7.78%

The Bank of Venice

240 Nokomis Ave. S.

Venice, Fla.34285

Phone: (941) 485-3699Fax: (941) 485-5399

Web site: www.bankofvenice.com

Established: Jan. 13, 2003

S-Corp: Yes

Lead local executive: David Voigt, president

bank directors: James Brandt, Joseph Dalton, M.M. Dalton, Robert DeBoer, Esq., Charles Johnson, Steven MaCris, Esq., Richard Morrison M.D., W. Paul Moseley, Wayne Roberts, Edwin Taylor, David Voigt.

chief local lending officer: Mack Wilcox

Year-to-date

Operations3/31/033/31/04

Total employees1010

Domestic Offices22

Total assets 13,75328,378

Net loans & leases 6,74219,609

Total deposits 7,37122,483

Equity capital 6,3665,854

Noncurrent loans & leases 00

Insider loans 1742,108

Total interest income 57258

Total interest expense 1152

Net interest income 46206

Total noninterest income 913

Total noninterest expense 411287

Salaries & employee benefits 159168

Pre-tax net operating income -400-94

Net income -400-94

Performance Ratios (%)

Yield on earning assets 2.01%4.80%

Net interest margin 1.62%3.84%

Noninterest expense/assets 14.51%5.34%

Return on assets (ROA) -11.63%-1.43%

Return on equity (ROE) -25.13%-6.39%

Net charge-offs to loans 00

Assets/employee ($ millions) 1.382.84

Loss allowance/loans 0.65%0.98%

Noncur. assets, OREO/assets 00

Noncurrent loans/loans 00

Net loans, leases/deposits 91.47%87.22%

Equity capital to assets 46.29%20.63%

Century Bank

1680 Fruitville Road, Sarasota, Fla.34236

Phone: (941) 366-1050Fax: (941) 954-8478

Established Jan. 23, 1985

Web site: www.centurybankfl.com

Established: Jan. 23, 1985

S-Corp: No

Lead local executive: John O'Neill, president; bank directors: Charles Miersch (Chairman), Barry Florescue, Stanley Kreitman, James Nickerson, Jr. and John O'Neill

chief local lending officer: Charles J. O'Mara

Year-to-date

Operations3/31/033/31/04

Total employees 98103

Domestic Offices77

Total assets 348,171431,124

Net loans & leases 299,976372,561

Total deposits 275,573312,353

Equity capital 22,99827,431

Noncurrent loans & leases 5,2233,907

Insider loans 100350

Total interest income 5,2005,952

Total interest expense 2,5312,603

Net interest income 2,6693,349

Total noninterest income 449795

Total noninterest expense 1,8652,295

Salaries & employee benefits 1,0131,223

Pre-tax net operating income 1,1331,709

Net income 9171,245

Performance Ratios (%)

Yield on earning assets 6.37%5.97%

Net interest margin 3.27%3.36%

Noninterest expense/assets 2.28%2.30%

Return on assets (ROA) 1.06%1.18%

Return on equity (ROE) 16.24%18.62%

Net charge-offs to loans 0.15%0.03%

Efficiency ratio 59.81%55.38%

Assets/employee ($ millions) 3.554.19

Loss allowance/loans 0.97%0.78%

Noncur. assets, OREO/assets 1.64%1.07%

Noncurrent loans/loans 1.72%1.04%

Net loans, leases/deposits 108.86%119.28%

Equity capital to assets 6.61%6.36%

Coast Bank of Florida

1301 6th Ave. W., Bradenton, Fla.34205

Phone: (941) 752-5900 Fax: (941) 345-1048

Web site: www.coastbankflorida.com

Established: April 7, 2000

S-Corp: No

Lead local executive: Brian Peters, CEO

bank directors: James Toomey, Michael Ruffino, Joseph Gigliotti, Kennedy Legler III, Paul Nobbs, Thomas O'Brien, Brian Peters, John Reinemeyer.

chief local lending officer: Consumer lending: James Dugger, Commercial: Tyrone Shinn, residential: Philip Coon

Year-to-date

Operations3/31/033/31/04

Total employees100109

Domestic Offices46

Total assets 201,545303,608

Net loans & leases 143,975235,347

Total deposits 166,116253,696

Equity capital 16,42028,251

Noncurrent loans & leases 2721,850

Insider loans 5,4844,497

Total interest income 2,6783,855

Total interest expense 1,3661,556

Net interest income 1,3122,299

Total noninterest income 923587

Total noninterest expense 1,8752,428

Salaries & employee benefits 1,1371,289

Pre-tax net operating income 179129

Net income 13480

Performance Ratios (%)

Yield on earning assets 6.22%5.87%

Net interest margin 3.05%3.50%

Noninterest expense/assets 4.35%3.70%

Return on assets (ROA) 0.28%0.11%

Return on equity (ROE) 3.28%1.33%

Net charge-offs to loans 0.09%0.49%

Efficiency ratio 83.89%84.13%

Assets/employee ($ millions) 2.022.79

Loss allowance/loans 1.03%1.35%

Noncur. assets, OREO/assets 0.30%0.61%

Noncurrent loans/loans 0.19%0.78%

Net loans, leases/deposits 86.67%92.77%

Equity capital to assets 8.15%9.31%

Colonial Bank NA

One Commerce St., Montgomery, Ala.36101

2 N. Tamiami Trail, Suite 100

Phone: (941) 955-2626 Fax: (941) 365-0483

Web site: www.colonialbank.com

Established: Jan. 2, 1917

S-Corp: No

Lead local executive: Linda Fafenelli, branch manager; bank directors: Robert Lowder, Lewis Beville, William Britton, Jerry Chesser, Augustus Clements III, Robert Craft, Patrick Dye, Hubert Harris Jr., Clinton Holdbrooks, Harold King, John Mathison D.M., Milton McGregor, John Miller Jr., Joe Mussafer, William Powell III Ph.D., James Rane, Frances Roper, Simuel Sippial Jr., Edward Welch; chief local lending officer: Paul Thatcher

Year-to-date

Operations3/31/033/31/04

Total employees4,0533,773

Domestic Offices283282

Total assets 16,455,61215,724,725

Net loans & leases 12,058,20811,636,631

Total deposits 10,145,7509,445,631

Equity capital 1,416,5051,211,718

Noncurrent loans & leases 70,30164,616

Insider loans 47,42241,538

Total interest income 193,829194,585

Total interest expense 58,27971,644

Net interest income 135,550122,941

Total noninterest income 27,69127,297

Total noninterest expense 101,13187,420

Salaries & employee benefits 50,23546,977

Pre-tax net operating income 54,17654,758

Net income 40,54737,308

Performance Ratios (%)

Yield on earning assets 5.21%5.40%

Net interest margin 3.64%3.41%

Noninterest expense/assets 2.72%2.42%

Return on assets (ROA) 0.99%0.95%

Return on equity (ROE) 11.66%12.37%

Net charge-offs to loans 0.20%0.19%

Efficiency ratio 61.26%57.47%

Assets/employee ($ millions) 4.064.17

Loss allowance/loans 1.15%1.17%

Loss allowance to noncurrent loans 199.82%213.08%

Noncur. assets, OREO/assets 0.54%0.54%

Noncurrent loans/loans 0.58%0.55%

Net loans, leases/deposits 118.85%123.20%

Equity capital to assets 8.61%7.71%

Comerica Bank

One Detroit Center, Detroit, Mich.48226

1830 S. Osprey Ave., Sarasota, Fla. 34239

Phone: (941) 951-2119 Fax: (941) 954-3357

Web site: www.comerica.com

Established: March 5, 1849

S-Corp: No

Lead local executive: Randy Nobles, Florida regional president

bank directors: Ralph Babb Jr., Lillian Bauder Ph. D., Joesph Buttigieg III, James Cordes, Peter Cummings, J. Philip DiNapoli, Anthony Earley Jr., Max Fisher, Roger Fridholm, Todd Herrick, David Lewis, Alfred Piergallini, Robert Taubman, William Vititoe, Patricia Wallington, Gail Warden, Kenneth Way.

chief local lending officer: Andy Reeves

Year-to-date

Operations3/31/033/31/04

Total employees7,81710,752

Domestic Offices258356

Total assets 41,688,48954,475,476

Net loans & leases 30,185,31239,396,535

Total deposits 23,064,73743,978,577

Equity capital 3,720,7715,611,159

Noncurrent loans & leases 421,283523,667

Insider loans 605,905540,120

Total interest income 450,058538,953

Total interest expense 103,80588,495

Net interest income 346,253450,458

Total noninterest income 284,419227,350

Total noninterest expense 334,082368,270

Salaries & employee benefits 213,751220,040

Pre-tax net operating income 256,574244,538

Net income 185,616172,647

Performance Ratios (%)

Yield on earning assets 4.96%4.42%

Net interest margin 3.81%3.70%

Noninterest expense/assets 3.68%3.02%

Return on assets (ROA) 1.83%1.29%

Return on equity (ROE) 20.26%12.35%

Net charge-offs to loans 0.79%0.70%

Efficiency ratio 52.97%54.27%

Assets/employee ($ millions) 5.335.07

Loss allowance/loans 1.57%1.98%

Noncur. assets, OREO/assets 1.03%1.02%

Noncurrent loans/loans 1.37%1.30%

Net loans, leases/deposits 130.87%89.58%

Equity capital to assets 8.93%10.30%

Community Bank of Manatee

6000 State Road 70 E., Bradenton, Fla.34203

Phone: (941) 756-0099Fax: (941) 756-0013

Web site: N/A

Established: Nov. 17, 1995

S-Corp: No

Lead local executive: William Sedgeman Jr., president; bank directors: Denise L. Baker, M.D., Charles M. Brown, Brian D. Burghardt, Phillip L. Burghardt, Thomas S. Downs, Thomas A. Howze, Duane L. Moore, Kenneth L. Schermer, M.D., William H. Sedgeman, Jr. (chairman),Thomas R. Sprenger, M.D.; chief local lending officer: Marvin R. DeBerry - senior vice president of Lending and Loan Administration

Year-to-date

Operations3/31/033/31/04

Total employees2931

Domestic Offices44

Total assets 118,844139,755

Net loans & leases 96,708103,747

Total deposits 104,095121,804

Equity capital 7,80710,112

Noncurrent loans & leases 82656

Insider loans 1,758754

Total interest income 1,6491,799

Total interest expense 735749

Net interest income 9141,050

Total noninterest income 151362

Total noninterest expense 768862

Salaries & employee benefits 410463

Pre-tax net operating income 222340

Net income 136208

Performance Ratios (%)

Yield on earning assets 6.23%5.69%

Net interest margin 3.45%3.32%

Noninterest expense/assets 2.90%2.72%

Return on assets (ROA) 0.47%0.60%

Return on equity (ROE) 7.03%8.39%

Net charge-offs to loans 0.09%0.24%

Efficiency ratio 72.11%61.05%

Assets/employee ($ millions) 4.104.51

Loss allowance/loans 1.02%1.55%

Noncur. assets, OREO/assets 0.07%0.47%

Noncurrent loans/loans 0.08%0.62%

Net loans, leases/deposits 92.90%85.18%

Equity capital to assets 6.57%7.24%

Community National Bank

of Sarasota County

201 Center Road, Venice, Fla.34292

Phone: (941) 497-6660 Fax: (941) 497-5022

Web site: www.cnbsara.com

Established: Feb. 16, 1988

S-Corp: Yes

Lead local executive: Roger Baldinger, president; bank directors: William McKelvey, Jeanne McKelvey, Joseph Kondisko, Allana Kondisko, Roger Baldinger; chief local lending officer: Roger Baldinger

Year-to-date

Operations3/31/033/31/04

Total employees3133

Domestic Offices44

Total assets 84,37399,092

Net loans & leases 67,63879,063

Total deposits 77,09190,771

Equity capital 6,2827,353

Noncurrent loans & leases 180195

Insider loans 985807

Total interest income 1,2341,332

Total interest expense 266222

Net interest income 9681,110

Total noninterest income 124131

Total noninterest expense 676707

Salaries & employee benefits 356375

Pre-tax net operating income 394495

Net income 394495

Performance Ratios (%)

Yield on earning assets 6.69%6.54%

Net interest margin 5.25%5.45%

Noninterest expense/assets 3.66%3.47%

Return on assets (ROA) 1.91%2.07%

Return on equity (ROE) 25.45%27.16%

Net charge-offs to loans -0.01%0.05%

Efficiency ratio 61.90%56.97%

Assets/employee ($ millions) 2.723.00

Loss allowance/loans 0.89%0.95%

Noncur. assets, OREO/assets 0.21%0.20%

Noncurrent loans/loans 0.26%0.24%

Net loans, leases/deposits 87.74%87.10%

Equity capital to assets 7.45%7.42%

Englewood Bank

1111 South McCall Road, Englewood, Fla.34223

Phone: (941) 475-6771 Fax: (941) 474-3384

Web site: www.englewoodbank.com

Established: April 4, 1988

S-Corp: Yes

Lead local executive; bank directors; chief local lending officer: NA

Year-to-date

Operations3/31/033/31/04

Total employees6671

Domestic Offices66

Total assets 183,384151,852

Net loans & leases 75,63986,820

Total deposits 156,279137,691

Noncurrent loans & leases 40128

Insider loans 0375

Total interest income 1,3641,691

Total interest expense 250390

Net interest income 1,1141,301

Total noninterest income 98108

Total noninterest expense 9931,076

Salaries & employee benefits 548556

Pre-tax net operating income 219321

Net income 219321

Performance Ratios (%)

Yield on earning assets 3.68%5.03%

Cost of funding earning assets 0.67%1.16%

Net interest margin 3.00%3.87%

Noninterest expense/assets 2.68%3.20%

Return on assets (ROA) 0.52%0.88%

Return on equity (ROE) 4.88%11.41%

Net charge-offs to loans -0.02%0.01%

Efficiency ratio 79.13%76.37%

Assets/employee ($ millions) 2.782.14

Loss allowance/loans 1.52%1.31%

Noncur. assets, OREO/assets 0.02%0.08%

Noncurrent loans/loans 0.05%0.15%

Net loans, leases/deposits 48.40%63.05%

Equity capital to assets 13.19%7.46%

1st National Bank & Trust

5817 Manatee Ave. W., Bradenton, Fla.34209

Phone: (941) 794-6969 Fax: (941) 795-4772

Web site: www.firstnbt.com

Established: July 18, 1986

S-Corp: No

Lead local executive: Francis I "Rip" duPont, CEO

bank directors: Robert Blalock, Sarah Pappas, Iriving Zamikoff, Glen Fausset, Francis I "Rip" duPont, Daniel Zoller, Rosemary Carlson, Raymond Weigel III, Beverly Beall, Allen Butler.

chief local lending officer: Tom Moseley

Year-to-date

Operations3/31/033/31/04

Total employees7384

Domestic Offices67

Total assets 225,385298,159

Net loans & leases 158,008212,928

Total deposits 182,608253,103

Equity capital 20,45824,127

Noncurrent loans & leases 611,311

Insider loans 2,4102,729

Total interest income 3,1013,678

Total interest expense 790978

Net interest income 2,3112,700

Total noninterest income 447541

Total noninterest expense 1,7952,069

Salaries & employee benefits 1,0921,302

Pre-tax net operating income 9171,042

Net income 634675

Performance Ratios (%)

Yield on earning assets 6.04%5.50%

Net interest margin 4.50%4.04%

Noninterest expense/assets 3.50%3.09%

Return on assets (ROA) 1.13%0.94%

Return on equity (ROE) 12.57%11.80%

Net charge-offs to loans 0.05%-0.00%

Efficiency ratio 65.08%63.84%

Assets/employee ($ millions) 3.093.55

Loss allowance/loans 1.08%1.02%

Noncur. assets, OREO/assets 0.03%0.44%

Noncurrent loans/loans 0.04%0.61%

Net loans, leases/deposits 86.53%84.13%

Equity capital to assets 9.08%8.09%

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