BayFirst National Bank is headquartered in SAINT PETERSBURG and is the 26th largest bank in the state of Florida. It is also the 932nd largest bank in the nation. It was established in 1999 and as of March of 2023, it had grown to 304 employees at 8 locations. BayFirst National Bank's money market rates are 10X the national average, and it has an A health rating.
Customer Service
Brian Yuhas,at the Columbus Dr. location is an asset to this organization.He has gone above and beyond to help me and my family.I know of a few banks that could use employees like Brian.
Easy To Open At Local Branch
welcoming and helpful staff at local branch, information clear and transparent, easy process at branch. Rate is 6.01% for 14 mo CD
Fast Response On Phone
I just called about their new 6.1% CD and received a quick polite answer. I guess it depends on who answers the phone. Also, all their Bank financial ratings are good. I was lucky I guess.
Fiasco - 5 Days Wasted
Total waste of time.
Applied online last week for the CD because the website said "Easy Online Opening". When I did not hear back within 2 business days (said I would hear within 1), sent a message asking what the next step was in my ONLINE application, expecting a secure portal to enter the funding information. In return, I got a phone call. After 3 days of wasted phone-tag and email messages being exchanged with no clear answers to whether the CD could be opened online or not - I called and was told that - *5 days after my initial application*, that they had JUST added the option to actually open it online, but ONLY if it was less than $15,000. Otherwise you had to drive to a branch. Completely infuriating and I could have had my money in another bank earning interest had I known this 5 days ago. Nearest branch is a 20 mile drive and NOT online, and definitely not EASY. Choose another bank,
RESTRICTED TO FLORIDA RESIDENTS ONLY
Note: RESTRICTIONS/NEW ACCOUNTS
Must be a Florida resident in the following counties: Hillsborough, Pinellas, Pasco, Manatee and Sarasota
TINY, IGNORANT OF ESSENTIAL BANKING, RUDE, INCOMPETENT
Tiny, backwoods "bank" with fewer than 80 employees total, spread across five branches in hinterlands of South Florida. Unlike the major, national banks, this has NO Customer Service department of its own. Instead, you will have to deal with uneducated, emotional, unprofessional juveniles who are rude, incompetent, or both. These hick kids even make personal remarks about your "private" transactions. Worse, for ATM problems, this "bank" is so tiny and inferior they must contract with a third-party cubicle hive that clearly couldn't care less. FHB's local reputation is so bad, they have to pay a cash bonus to unsuspecting newcomers to persuade them to open an account. After one month with their constant mistakes over EVERY TRANSACTION, I'm returning the bonus and closing the accounts, since their employees' incompetence has cost me far more m time. If your time is worthless, you prefer teen angst to professional service, and you love NOT having ANY ACCESS to your own money, FHB is for you. If you're an adult seeking a real bank, look elsewhere.
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34997 |
| Year Established | 1999 |
| Employees | 304 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.43% |
| Return on Equity - YTD | 4.35% |
| Annual Interest Income | $14.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $1.07B$888.4MM |
| Loans | Q1 2023vs Q1 2022 | $781.7MM$628.1MM |
| Deposits | Q1 2023vs Q1 2022 | $934.1MM$771.6MM |
| Equity Capital | Q1 2023vs Q1 2022 | $98.0MM$102.7MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $12.2MM$10.2MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $2.4MM$124.00K |
| Real Estate Owned | Q1 2023vs Q1 2022 | $3.00K$3.00K |
