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3919 West Newberry Road
Gainesville, FL 32607

Florida Citizens Bank is headquartered in Gainesville and is the 103rd largest bank in the state of Florida. It is also the 2,647th largest bank in the nation. It was established in 1998 and as of June of 2014, it had grown to 83 employees at 8 locations. Florida Citizens Bank has a C+ health rating.

Reviews (1)

Would Not Even Recomend To An Enemy!!!

This is a quote copy and pasted from their online banking page:

"ALERT**Temporary Preauthorized Transactions
Some Debit Card transactions are "preauthorized" by various merchants you are using. These preauthorizations may appear as many as three(3) times on your daily activity reports."

This has caused my debit card purchases to decline several times when in fact I have sufficient funds to cover the transaction.

For example you have $900 in your account.  You spend $300 at the grocery store.  You then stop to get $45 worth of gas but your card is declined because they held $900 from your grocery store transaction ($300 held 3 times). Now I hope you have enough gas to get home or an account at another bank to get some gas with.

This has happened to me several times with them.  When I call them to ask why my card is declined they tell me my account is negative from preauthorization holds from the same transaction.  What is even worse they can not even tell you what merchant any pending transactions are from until they actually post to the account post several days later.  The online banking website does not even show where the transactions are from. All it shows is "Debit Memo: *PENDING" and the amount, no merchant name so you can not even dispute anything before it actually posts to your account. 

They then tell me this is how every bank works. I am a bank employee for another bank and our systems used to do this back when debit cards FIRST came out, but like most banks we upgraded our systems to keep this from happening.  They kept their decades old program.  When I inform them of this they tell me I do not know what I am talking about (kind of insulting if you ask me since I have been in retail banking operations for almost 20 years) and that all banks are like this.

I would bank with the bank I work for but then my employer would be able to see my account activity.  Not really a big deal but my coworkers and the company do not need to see my account.  That just makes me uncomfortable or I would bank there.  I wish I knew Florida Citizens Bank was like this when I first signed up or I would not have, now I have to wait for my direct deposit to change over to another bank.

Also, I was in Lowes buying a new refrigerator.  It was a great deal but the sale ended that day (it was a Sunday).  I went to use my debit card to buy the refrigerator but the transaction was declined.  Not because of multiple preauthorization holds, but because there is a $1000 daily limit on your card.  How is somebody supposed to make a major purchase with that?  I wish they had of told me about that before hand.  How embarrassing all these declined transactions are getting.  The next day when I was able to get Florida Citizens Bank on the phone to tell me about the limit, the sale at Lowes was over and the refrigerator was back at full price several hundred dollars more.

I called the number on the back of my card 352-332-4727 but I get a message saying the switchboard is closed because it is not regular weekday business hours.  How am I supposed to even report my card stolen before somebody spends $1000 per day all weekend?


Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Florida Citizens Bank had $8.39 million in non-current loans and owned real-estate with $22.33 million in equity and loan loss allowances on hand to cover it. This gives Florida Citizens Bank a Texas Ratio of 37.56% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Florida Citizens Bank decreased slightly from 51.17% as of June 30, 2013 to 37.56% as of June 30, 2014, resulting in a positive change of 26.60%.This indicates that the balance sheet and financial strength for Florida Citizens Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Florida Citizens Bank has decreased its total deposits by -$12.08 million, resulting in -5.23% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Florida Citizens Bank has shown is below average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Florida Citizens Bank has $240.34 million in assets with $22.33 million in equity, resulting in a capitalization level of 9.29%, which is average.

Institution Statistics

FDIC Certificate #34869
Year Established1998
Primary RegulatorFDIC
Assets and Liabilities
Assets$240.34 million
Loans$164.15 million
Deposits$218.96 million
Equity Capital$19.16 million
Loan Loss Allowance$3.17 million
Unbacked Noncurrent Loans$666,000
Real Estate Owned$7.72 million
Historic Data - June 2013
Assets$250.93 million
Equity Capital$17.21 million
Loan Loss Allowance$3.38 million
Unbacked Noncurrent Loans$666,000
Real Estate Owned$6.81 million
Profit Margin - Quarterly
Return on Assets0.44%
Return on Equity5.74%
Interest Income$4.71 million

Always verify rates and promotions with the bank or credit union. We are not Florida Citizens Bank, we are a rate comparison website and can not provide official rates or promotions.

Florida Citizens Bank Savings Account Rates

0.50%--Regular Savings Account
0.50%--Minor Savings Account
0.50%--Business Savings Account

Florida Citizens Bank Money Market Rates

0.45%--Personal Money Market Account
0.45%--Business Money Market Account
0.03%$50k- 30 Day T Bill Money Market
0.03%$50k-Business 30 Day T Bill Money Market
0.02%$300k-Personal Fed Fund Money Market
0.02%$300k-Business Fed Fund Money Market

Florida Citizens Bank Checking Account Rates

0.10%--NOW Personal Checking
0.10%--Commercial Now Account
0.02%$50k-NOW T Bill Tiered

Florida Citizens Bank CD Rates

1.25%$1k-60 Month CD
1.25%$1k-Business 60 Month CD
1.05%$1k-48 Month CD
1.05%$1k-Business 48 Month CD
0.90%$1k-36 Month CD
0.90%$1k-Business 36 Month CD
0.65%$1k-24 Month CD
0.65%$1k-Business 24 Month CD
0.40%$1k-18 Month CD
0.40%$1k-Business 18 Month CD
0.35%$1k-12 Month CD
0.35%$1k-Business 12 Month CD
0.20%$1k-6 Month CD
0.20%$1k-Business 6 Month CD

Florida Citizens Bank IRA Rates

1.25%$1k-60 Month IRA
1.05%$1k-48 Month IRA
0.90%$1k-36 Month IRA
0.65%$1k-24 Month IRA
0.40%$1k-18 Month IRA
0.40%$1k-18 Month Variable Rate IRA
0.35%$1k-12 Month IRA
0.20%$1k-6 Month IRA

Florida Citizens Bank Locations
Micanopy Branch106 C. N.E. Highway 441Micanopy, FL 32667
Ocklawaha Branch13489 Southeast County Road 25Ocklawaha, FL 32179
Millhopper Branch2814 N.W. 43rd StreetGainesville, FL 32601
Marion Oaks Branch3201 Sw 143rd Place RoadOcala, FL 34473
34th Street Branch3535 Sw 34th StreetGainesville, FL 32608
Florida Citizens Bank3919 West Newberry RoadGainesville, FL 32607
Silver Springs Branch4201 E. Silver Springs BoulevardOcala, FL 34470
Ocala Branch720 South Pine StreetOcala, FL 34471
State Road 200 Branch8920 Sw State Road 200Ocala, FL 34481