Paradise Bank is a result of the collective imagination of a group of highly successful business people with extensive local banking and business experience. The Founders of Paradise Bank raised $24,500,000 – one of the highest initial capital raised in the history of Florida – illustrating the community’s desire and need for a unique, state chartered bank that is also a Federal Reserve Member and FDIC insured. We have the capital to meet the needs of most businesses, state-of-the-art technology, and we have the veteran local bankers with the authority to act quickly and who genuinely enjoy helping their customers. Add to this, free ice cream in our lobbies as well as cookies and gourmet treats and you begin to get the flavor of what we are all about.
Paradise Bank offers an experience unmatched in the world of banking. You are greeted as a member of our family with warm smiles, a firm handshake and the promise of extraordinary levels of service. We believe that building long term economic value for clients is more important than building a bigger bank to be sold off to some even bigger out-of-state bank. Over the past two decades, our team of local bankers has known that our most important assets are comprised of our community, our loyal customers, and our devoted employees.
Our strategic plan for the bank is to remain small and focused on serving the needs of our customers. As a Subchapter S Bank we are committed to a long term presence, ensuring the continuation of the loyal relationships that led to our achieving $100 million in total assets in our first year of operation. Our long-term customers know our staff is extraordinary, and we have modeled our business to focus on serving the specific needs of our individual and corporate clients.
We passionately believe in giving back to community and keeping the deposits local to benefit our customers and our community. Over 80% of deposits in the State of Florida are now held by banks from outside of Florida. We keep your deposits right here in our home state where we work as vital members of our community. We are connected, involved and committed to making our community more prosperous and enjoyable.
Paradise Bank has created a club type atmosphere in a large luxurious private banking facility in Boca Raton housing all of our support staff in a comfortable and relaxed atmosphere. Two beautiful branch offices in Ft. Lauderdale and Delray Beach further enhance our service capabilities. Our strong local Board of Directors and Advisory Board are comprised of diverse, highly successful business leaders to ensure our ongoing commitment to serve our community and our pledge of excellence.