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Latest News
April 20, 2014

Press Release - PARADISE BANK REPORTS ANOTHER OUTSTANDING YEAR!
Boca Raton, Florida - After finishing 2012 with a record net income of $5.1 million in net earnings, Paradise Bank is reporting another record year with net income of $5.7 million for 2013. Click here to read the article.

Paradise Education Fund
Click here for an update on the Paradise Education Fund

Paradise Bank is the Highest Performing Bank in the Gold Coast Region
Click here to read the article.

Paradise Bank is named top SBA Lender in South Florida...
Click here to read the article.

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Letter from the President...



I am pleased to report that Paradise Bank continues to post strong earnings as reflected in net earnings of $3,584,000 for the first nine months of 2013. This equates to an annualized return on average assets of 1.60% and a return on equity of 17.48%. This places our performance in the top tier of all banks in this market.

Our officers and staff have again done an extraordinary job in demonstrating that a community bank can produce results that are driven by customer satisfaction and a deep understanding of the individual needs of each valued customer.

The continued growth and profitability of Paradise Bank also demonstrates that giving back to the community and taking a long term view of the market has great merit. As a bank with a multi-generational model, we prefer to carefully weigh our options in making decisions that impact our future stability. The quality of our loan portfolio and strength of our balance sheet speak to these principles of safety and soundness.

We have much to be thankful for as Thanksgiving nears. Special thanks go to our directors and investors who believed in our vision of Paradise over eight years ago. We have declared our second round of dividends to our shareholders and trust that continued good fortune will be with us through the remainder of 2013 and beyond.

And thanks once again to our family of loyal customers who have made us a success. It is our honor to serve you, and we are looking forward to your being with us this Thanksgiving and for many more to come.

William Burke
President

At Your Service

Member FDIC | Equal Housing Lender