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Business Observer Wednesday, Aug. 9, 2017 1 year ago

Bank secures national charter

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Orlando-based Axiom Bank has targeted the Tampa region for growth.

Axiom Bank, based in Orlando and with a fast-growing presence on the west coast of Florida, in the Tampa region and the Sarasota/Bradenton market, has secured a federally approved national charter.

Bank officials call the charter “an important milestone in the financial institution's 60-plus year history,” in a statement. The national charter designation, awarded by the Office of the Comptroller of the Currency, allows Axiom to diversify and expand its commercial and consumer lending services while increasing established lines of business, the release adds. The bank's legal name is now Axiom Bank, National Association or Axiom Bank, N.A.

“Obtaining a national charter gives us greater flexibility to grow our financial services and meet dynamic market demands,” says Daniel Davis, CEO and President of Axiom Bank N.A, in a statement. “Just as importantly,” he added, “we can now build on areas where we've had strong success - but without a national charter, growth was constrained.”

Axiom, featured in the Business Observer in June (see story here) also plans to offer more banking options to retail customers and expand its market presence.

“While our customers won't notice any physical changes at our banking locations,” says Davis in the statement, “they will see new financial services meant to enhance their mobile banking experiences and offer them more choices to obtain credit. At Axiom Bank, we're always excited about the opportunity to give our customers more.”

Axiom is Central Florida's second largest community bank by total assets, with $661 million.

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