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Business Observer Tuesday, Mar. 8, 2011 11 years ago

Bauer rates Florida banks

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Bauer Financial updated its quarterly rankings for Florida's banks today.

Two of the 64 Gulf Coast banks tracked by Bauer Financial received the independent research firm's highest rating in its most recent rankings update, issued today. Fourteen others were given a four-star, or “excellent” rating.

Twelve Gulf Coast banks received a zero-star rating, indicative of “considerable challenges” for those institutions, while three other banks received a one-star rating.

Those 31 banks at either end of the ratings spectrum are listed below, organized by rank:

FIVE STARS:
• Florida Shores Bank — Southwest (Venice)
• TCM Bank NA (Tampa)

FOUR STARS:
• Centerstate Bank NA (Zephyrhills)
• Edison National Bank (Fort Myers)
• FineMark National Bank & Trust
• First America Bank (Bradenton)
• Florida Gulf Bank (Fort Myers)
• Florida Traditions Bank (Dade City)
• Gateway Bank of Southwest Florida (Sarasota)
• Hillsboro Bank (Plant City)
• Members Trust Co. (Tampa)
• NorthStar Bank (Tampa)
• Raymond James Bank FSB (St. Petersburg)
• Sunshine State Federal Savings and Loan Assoc. (Plant City)
• USAmeriBank (Largo)
• Valrico State Bank (Valrico)

ONE STAR:
• Florida Bank (Tampa)
• Freedom Bank of America (St. Petersburg)
• Southern Commerce Bank NA (Tampa)

ZERO STARS:
• Bank of Naples (Naples)
• First Commercial Bank of Tampa Bay (Tampa)
• First Community Bank of America (Pinellas Park)
• First Community Bank of Southwest Florida (Fort Myers)
• First Home Bank (Seminole)
• LandMark Bank of Florida (Sarasota)
• Old Harbor Bank (Clearwater)
• Reliance Bank FSB (Fort Myers)
• Southshore Community Bank (Apollo Beach)
• Superior Bank (Tampa)
• The Bank of Commerce (Sarasota)
• The Royal Palm Bank of Florida (Naples)

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