Paradise Bank will never ask for personal or confidential information; such as: account number, social security number, password or PIN in an email. We also will not send you any email with a link to a website that asks for any such information.
May 18, 2012
PARADISE SUCCESSFULLY LAUNCHES RESIDENTIAL LENDING DIVISION
Our bank’s ability to service our family of customers has been further rounded out with the introduction of a full array of home mortgage financing products.
The uniqueness of this initiative is tied to the Paradise core values of exceeding expectations and providing products and services unrivaled in the market. This has been accomplished through bringing on board one of the very best in the market to expand our retail services to our exceptional account base.
Mrs. Kris Klemetsmo, VP Residential Lending will be driving this effort. With over ten years of experience in our markets, Kris has worked with our officers and staff for years on a collaborative effort in placing home mortgages. “The time was right and the demand was building for us to add Kris as a full time member of our family” said Bill Burke, President and COO. “We have filled a void in our menu of products” he added.
Kris has hit the ground running and is anxious to work with you, so give her a call at 561-289-5498 to discuss your mortgage needs and to welcome her to Paradise.
PARADISE BANK HITS STRIDE IN SBA LOAN PRODUCTION
Bill Burke, President, announced today that Paradise Bank had reached a significant milestone in its six year history by becoming the top SBA community bank lender in the state of Florida.
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Paradise Bank Endorses Higher Education Philanthropy
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Notice of Changes in temporary FDIC insurance...
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012.
- MORTGAGE PRODUCTS
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Paradise launched its entry into the market of providing home mortgages, fulfilling the call from its customer base to provide these retail banking products.
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- Record Profitability continues
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Paradise Bank keeps the momentum moving forward on all fronts. For the year of 2011, Paradise Bank posted record profits of $2,114,000 or an approximate of 9.4% return on equity. “Our employees have worked tirelessly to produce these record profits”, said Bill Burke, President and COO of Paradise Bank.
Positive trends in the loan portfolio continue as Paradise Bank ended the 2011 year with only one (1) non-performing loan. Total non-performing assets are under 1% of total assets. “This is a well seasoned loan portfolio and our Bank has become much stronger” said Ward Kellogg, Chairman and CEO.
Paradise Bank has been a “well capitalized” Bank since inception in 2005 and throughout these difficult economic times according to Burke. “Paradise Bank is proud to have maintained and exceeded the “well capitalized” guidelines by posting a Tier 1 Capital Leverage Ratio of 8.22% and a Total Risk Based Capital Ratio of 13.81%. Paradise Bank is a profitable, well capitalized community bank with a stable loan portfolio and very hard working banking professionals that provide superior customer service. We expect to provide excellent local community banking services here for many years to come”, said Kellogg.
- It’s All About the Kids…..
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We opened our doors for the first time six years ago not only committed to provide superior banking services, but also dedicated to our core value of giving back generously to the communities we proudly serve.
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Member FDIC | Equal Housing Lender
Member FDIC | Equal Housing Lender