Bauer Financial recommends 15 Gulf Coast banks, while 13 others struggle.
Just two of the Gulf Coast's 64 banks received five-star ratings from BauerFinancial, an independent banking research firm, in its most recently published report.
Thirteen others earned a four-star, or “excellent” rating, while another thirteen received zero-star ratings, indicative of “considerable challenges” for those institutions.
Published today, the ratings are based on data as of Sept. 30.
Banks receiving five-star ratings were:
• FineMark National Bank & Trust (based in Fort Myers)
• TCM Bank NA (Tampa)
Banks receiving four-star ratings included:
• Edison National Bank (Fort Myers)
• First America Bank (Bradenton)
• Florida Gulf Bank (Fort Myers)
• Florida Shores Bank - Southwest (Venice)
• Florida Traditions Bank (Dade City)
• Gateway Bank of Southwest Florida (Sarasota)
• Members Trust Company (Tampa)
• Northstar Bank (Tampa)
• Raymond James Bank FSB (St. Petersburg)
• Sunshine State Federal Savings and Loan Association (Plant City)
• USAmeriBank (Largo)
• Valrico State Bank (Valrico)
Gulf Coast banks receiving zero-star ratings included:
• Bank of Naples (Naples)
• Bank of Commerce (Sarasota)
• First Commercial Bank of Tampa Bay (Tampa)
• First Community Bank of America (Pinellas Park)
• First Community Bank of Southwest Florida (Fort Myers)
• Landmark Bank of Florida (Sarasota)
• Old Harbor Bank (Clearwater)
• Reliance Bank FSB (Fort Myers)
• Royal Palm Bank of Florida (Naples)
• Southern Commerce Bank N.A. (Tampa)
• Southshore Community Bank (Apollo Beach)
• Superior Bank (Tampa)
The Business Review's special banking issue will be available to readers on Dec. 17.