Charlotte State Bank & Trust is headquartered in Port Charlotte and is the 71st largest bank in the state of Florida. It is also the 2,098th largest bank in the nation. It was established in 1987 and as of March of 2016, it had grown to 89 employees at 5 locations. Charlotte State Bank & Trust has an A health rating.
We have used Charlotte State bank for 3 mortgages! It is absolutely the smoothest process for a loan compared to the usual process of all the other lending institutions and mortgage companies! We worked directly with Connie Ritchhart. Our relationship and level of comfort cannot be measured! She is a true professional and we are customers for life! It really was a stress free process, we give CSB and Connie the highest marks!
I have banked with Charlotte State Bank for over ten years. I moved to Sarasota County eight years ago and consider the forty mile drive, when necessary, more than worth it. In 2006 my elderly mother was terminally ill and I spent a great amount of time with her at the hospital. During one of the many emergencies in 2006 my insurance payment was due to come out of my account and I needed to make a deposit to cover it. I called the bank to explain that I was (again) at the emergency room with my mother and would be unable to make the deposit in time. A live customer service representative assured me making the deposit the next day would be fine and any over-draft fee would be waived.
I am grateful to have not just a bank but a bank where computers are there for my covenience and I can always reach a real live human being just as easily. I spend way too much of my life trying to navigate through automated phone systems. I am glad my bank isn't one of them!! Charlotte State Bank is my "home town bank" no matter which town I make my home in.
My father died two years ago and his small estate has still not been finalized. There is an elective share filing and the Elective Share Inventory was erroneously overstated, doubling the actual assets. This is gross negligence by a fiduciary. The Bank has drug this out, racking up trustee fees and lawyer fees, unnecessarily. This should have been completed and disbursements made approximately ten months ago. Instead, by this delay, the widow was able to file for the max family allowance, further depleting the estate. The other beneficiaries, all out of state have had to hired counsel just to protect their interests and have the erroneous elective share inventory corrected. If my father had any idea of the mismanagement of his estate, I am sure he would have looked elsewhere!
|FDIC Certificate #||27086|
|Return on Assets - YTD||1.68%|
|Return on Equity - YTD||19.01%|
|Annual Interest Income||$2.6MM|
|Assets and Liabilities|
|Assets||Q1 2016vs Q1 2015||$317.5MM$304.5MM|
|Loans||Q1 2016vs Q1 2015||$164.1MM$151.2MM|
|Deposits||Q1 2016vs Q1 2015||$286.7MM$274.3MM|
|Equity Capital||Q1 2016vs Q1 2015||$27.9MM$27.3MM|
|Loan Loss Allowance||Q1 2016vs Q1 2015||$4.0MM$4.4MM|
|Unbacked Noncurrent Loans||Q1 2016vs Q1 2015||$3.6MM$6.4MM|
|Real Estate Owned||Q1 2016vs Q1 2015||$28.00K$0|
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|Charlotte State Bank & Trust Locations|
|Charlotte State Bank & Trust||1100 Tamiami Trail||Port Charlotte, FL 33953|
|Harborview Branch||23112 Harborview Road||Port Charlotte, FL 33980|
|Punta Gorda Branch||2331 Tamiami Trail||Punta Gorda, FL 33950|
|Peachland Branch||24163 Peachland Boulevard||Port Charlotte, FL 33954|
|Mid-Town Branch||3002 Tamiami Trail||Port Charlotte, FL 33952|