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LARGO — USAmeriBank eclipsed $1 billion in assets earlier this week, roughly four years after the bank opened. That makes it the 13th largest of the 287 banks founded across the country since Feb. 1, 2007.
The young bank has managed to keep a fairly clean balance sheet despite the state of the real estate market in Florida; for example, its nonaccrual loans represent only 0.76% of its total loan portfolio.
CEO Joseph Chillura recognizes the advantage his bank has in not having to focus on cleaning up past mistakes. “As many banks focus on internal issues,” he said, “we have found tremendous opportunities to responsibly expand our customer base."
Headquartered in Largo, USAmeriBank operates six branches in Hillsborough and Pinellas counties. It plans to open a seventh branch in St. Petersburg this spring. The bank currently employs 147 people, and expects to hire 48 new employees this year.
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