Bank joins $1 billion club

FORT MYERS — FineMark National Bank & Trust has joined a handful of other banks on the Gulf Coast with more than $1 billion in assets.

“We have been very fortunate to grow at such a rapid pace since our 2007 inception,” says Joseph Catti, president and CEO of FineMark, in a statement. “We believe if we do the right thing and deliver unparalleled service to our clients, positive things will continue to happen.”

The number of banks with more than $1 billion in assets on the Gulf Coast has been growing as the economy recovers. According to the Federal Deposit Insurance Corp., other banks on the Gulf Coast with more than $1 billion in assets include First Florida Integrity Bank in Naples ($1.2 billion), The Bank of Tampa ($1.4 billion), C1 Bank in St. Petersburg ($1.7 billion), USAmeribank in Largo ($3.4 billion), CenterState Bank of Florida in Winter Haven ($3.8 billion) and Raymond James Bank ($13.8 billion).