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November 15, 2018
Paradise Bank Continues Strong Earnings Record for 26 Consecutive Quarters
Boca Raton, FLA. Paradise Bank, a community bank based in Boca Raton, Florida reported a six month profit of $3.3 million as of June 30th, 2017. This compares very favorable to profits of $2.4 million for the same period in 2016. With total assets averaging over $320 million, Paradise Bank’s return on average assets was 2.00% for the 6 months for the same period and Paradise Bank’s return on equity was 18.84%, which places Paradise Bank among the highest performing banks in the country.
Paradise Bank Posts Record Earnings for Four Straight Years
BOCA RATON, FLA. Paradise Bank, a community bank based in Boca Raton, Florida, reported net income of $5.1 million for 2012, $5.7 million for 2013, $6.0 million for 2014, and another record $7.0 million for 2015. With total assets averaging over $300 million, Paradise Bank’s return on average assets for 2015 was 2.3% and Paradise Bank's return on equity was 20.5% for 2015 which places Paradise Bank among the highest performing banks in the country.
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Paradise Bank continues to be a leader in the State of Florida for SBA loans
The Small Business Administration has once again named Paradise Bank one of its largest providers of SBA loans in the County and State. “We continue to be committed to SBA lending because of its positive impact to local businesses and our economy by serving as an impetus for job creation” says Bill Burke, President. “The SBA program can provide up to 90% financing with terms as long as 25 years with no balloon” says Kevin Rafferty, EVP SBA Division.
- Change in Paradise Hours
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After substantial review and feedback from our customers, we will be changing our Friday business hours to 9:00 am - 5:00 pm effective October 1, 2018
We appreciate your business
- Playing the Game
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We all love to win and hate to lose, however, the greatest rewards don’t always come from winning the game, they come from playing the game. Success is not a destination it is a journey. There is no road to happiness, happiness is the road. Sales, marketing, your career, your friendships, your family, no matter what the role, you should know that you are fortunate to even get to play. Amateurs are those people who play because they want to win. Professionals win because they come to play. Play every down. Wake up every morning, suit up and play the game.
In honor of James Comparato, beloved Husband, Father and Paradise Director 6/18/47-2/4/17
- Paradise Bank Continues to Give Back to our Community
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Since its inception in 2005 Paradise Bank has been connected to and proud of its involvement with numerous local non-profit charitable organizations. Paradise Bank consistently contributes in excess of $100 thousand annually to over 50 local charities. Virtually all members of Senior Management and the Board of Directors are involved in leadership positions within the various boards and committees of these organizations. "This work by our team is a great source of pride for our bank and we remain committed to serving our community”, says Ward Kellogg, CEO.
- Did you know...
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Did you know Paradise Bank offers Residential Mortgages? Have you looked at your current mortgage recently to see if you can reduce your rate or reduce your term?
• Primary Residence, Second Homes and Investment Property Financing
• Purchase, Rate and Term Refinance and Cash Out Refinance
• Single Family Dwellings, Condominiums, Townhomes, and Multifamily
• Conventional, FHA, VA Reverse Mortgage and Jumbo financing
Contact your Branch to speak to a Mortgage Banker today!
Kristine Klemetsmo NMLS# 370921- Boca Raton Branch 561-392-5444/ cell 561-289-5498
Katie Holmes NMLS# 1194580 - Delray Beach Branch 561-243-3033/ cell 561-234-9421
Sandra Siegel NMLS# 316313 – Ft. Lauderdale Branch 561-764-8778/ cell 561-901-3388
Paradise Bank NMLS# 897411
At Your Service
Member FDIC | Equal Housing Lender
Member FDIC | Equal Housing Lender