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).

In addition to total asset growth, the loan portfolio at FineMark totaled more than $750 million and deposits reached nearly $850 million. Assets under management and administration total $1.8 billion, the bank says.

Headquartered in Fort Myers, FineMark has 135 employees in 11 offices. The bank has eight offices in Southwest Florida, one in Palm Beach and two offices in Scottsdale, Ariz.

“The success we have achieved would not be possible without our clients, shareholders, board of directors and our associates,” says Catti, in a statement. “They have all contributed to the quality, growth and momentum of our company.”