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.
2013 Billfish Blast
Thanks to all who were part of another successful Charity Billfish Blast to benefit Twin Palms Center for the Disabled . This event could not thrive without the core sponsors, Paradise Bank and Mahogany Services Inc along with the participants and the very much appreciated volunteers that make this event possible. Lots of fun was had by all as we rocked along with the local band “Curbstone”! Top boats were the Irish Wake leading in the Billfish Division and the Ragin Cajun taking the Funfish Division. We had several folks taking pictures, so please enjoy them by clicking here or by accessing FaceBook and searching 2013 Charity Billfish Blast.
The 2013 Billfish Blast Committee
Press Release - PARADISE BANK CONTINUES TO BE A LEADING SMALL BUSINESS LENDER
Paradise Bank continues its success of extending loans to local small businesses. In 2012, Paradise Bank approved and closed over $25,000,000 in loans guaranteed by the Small Business Administration (SBA). “We are proud of our continued successful efforts of SBA lending because it is beneficial to the local business community and the economy as a whole.” says Bill Burke, President and COO of Paradise Bank.
SBA loans can provide up to 90% loan-to-value and terms extending to 25 years at competitive rates. “SBA loans help banks offer enhanced terms that may not be available through conventional commercial lending.” according to Kevin Rafferty, Senior Vice President, SBA Loan Operations at Paradise Bank.
“The economic recovery depends on healthy local businesses and Paradise Bank is proud to support our community by being one of the most active SBA lenders Florida, in addition to our conventional commercial lending.” says Ward Kellogg, Chairman of Paradise Bank.
Paradise Bank is a locally owned community bank with its main office at 2420 North Federal Highway in Boca Raton and branch offices at 1351 North Federal Highway in Delray Beach and 540 North Federal Highway in Fort Lauderdale. For additional information, please call us at 561-392-5444 or check our website at www.ParadiseBank.com. Member FDIC and Equal Housing Lender.
For more information, contact:
Bill Burke 561-392-5444
Paradise Bank reported a net income of over $5.1 million for 2012.
This represents an increase of 143% or $3 million above the net income for 2011. With total assets averaging above $287 million the return on average assets for 2012 was 1.76%, which places Paradise Bank at number one for 2012 among all other banks in Broward, Palm Beach, and Martin and St. Lucie counties. Paradise Bank also produced a return on equity of 19.25% in 2012.
Bill Burke, President of the bank said “It is with much pride and pleasure that we announce great results for 2012. Our successful additions of SBA Loans, Residential Mortgage Loans and now insurance products have helped to augment our very strong loan portfolio to produce a bottom line profit which places the overall performance of Paradise Bank at the top.”
Ward Kellogg, Chairman of the bank said “Our business plan has always been to focus on providing excellent community banking service in Palm Beach and Broward counties and to reward our local shareholders with strong earnings. After successfully recovering from the economic downturn, the need for our local banking services is greater than ever!”
Paradise Bank is a locally-owned Subchapter-S community bank with the main office at 2420 North Federal Highway in Boca Raton and branch offices at 1351 North Federal Highway in Delray Beach and 540 North Federal Highway in Fort Lauderdale. For additional information, please call us at 561-392-5444 or check our website at Paradisebank.com.