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Foursome of banks unite under one $2.46 billion brand

The Crews banking name in the region dates back 93 years.


  • By Mark Gordon
  • | 2:45 p.m. March 3, 2023
  • | 2 Free Articles Remaining!
The Crews Banking Family is backed by four generations of leadership, including Chairman and CEO Jake Crews, top right. Next to Jake Crews is Chief Information Officer Mark Crews. Front row from left: bank director Dena Crews, Vice Chairman Bill Crews and Jeraldine Crews.
The Crews Banking Family is backed by four generations of leadership, including Chairman and CEO Jake Crews, top right. Next to Jake Crews is Chief Information Officer Mark Crews. Front row from left: bank director Dena Crews, Vice Chairman Bill Crews and Jeraldine Crews.
Courtesy photo
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The four entities in the Crews family of banks, which in total have $2.46 billion in assets, are uniting under one brand. 

The banks — Charlotte State Bank & Trust, Crews Bank & Trust, Englewood Bank & Trust and Wauchula State Bank — will all be under the Crews Bank & Trust banner beginning this fall, according to a statement. Following unification, customers will have access to banking services at 19 branches throughout 13 counties across Central and Southwest Florida, the release states. Additionally, the unification will provide an expansion of products and services available at all locations.

The bank announced the move in a statement from CEO Jake Crews, whose great-grandfather founded the bank 93 years ago, the release states. “Unifying under Crews Bank & Trust allows us to blend the trust of a local bank with the capabilities of a larger institution,” Crews says in the statement. “We pride ourselves on serving the individuals, families and businesses of Florida by providing premier banking services with a hometown touch, just like my great-grandfather did over 90 years ago.” 

In the coming months, customers might begin to see slight visual changes to local branches, say bank officials. There are no plans to make changes to banking staff.

“As bankers, it is our commitment to be trusted advisors for each of our clients, and we remain steadfast in continuing that tradition,” says Larry McLaren, chief banking officer of Crews Banking Corp., the holding company of the family of banks.

Crews Bank & Trust, based in Arcadia, DeSoto County, had $226.13 million in assets at the end of 2022, according to Federal Deposit Insurance Corp. data. Port Charlotte-based Charlotte State Bank & Trust had $670.4 million in assets, while Englewood Bank & Trust had $593.5 million in assets and Wauchula State Bank, based in Hardee County, had $972.3 million.

 

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Mark Gordon

Mark Gordon is the managing editor of the Business Observer. He has worked for the Business Observer since 2005. He previously worked for newspapers and magazines in upstate New York, suburban Philadelphia and Jacksonville.

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