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Four 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. Ten others were given a four-star, or “excellent” rating.
Compared to last quarter, the number of four- and five-star banks is down slightly, from 16.
On the other side, 11 Gulf Coast banks received a zero-star rating from Bauer, indicative of “considerable challenges” for those institutions, while four other banks received a one-star rating. That's the same number of low-ranking banks as last quarter.
Bauer's rankings update comes on the same day as the distribution of the Gulf Coast Business Review's latest special banking issue.
The 31 banks at either end of the ratings spectrum are listed below, organized by rank:
FIVE STARS:
• FineMark National Bank & Trust (Fort Myers)
• Florida Shores Bank — Southwest (Venice)
• Florida Traditions Bank (Dade City)
• TCM Bank NA (Tampa)
FOUR STARS:
• Edison National Bank (Fort Myers)
• First America Bank (Bradenton)
• Florida Gulf Bank (Fort Myers)
• 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)
ONE STAR:
• Freedom Bank of America (St. Petersburg)
• Heritage Bank of Florida (Lutz)
• Southern Commerce Bank NA (Tampa)
• Southshore Community Bank (Apollo Beach)
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)
• Florida Bank (Tampa)
• LandMark Bank of Florida (Sarasota)
• Old Harbor Bank (Clearwater)
• Reliance Bank FSB (Fort Myers)
• Superior Bank (Tampa)
• The Bank of Commerce (Sarasota)
• The Royal Palm Bank of Florida (Naples)
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