My e-BAnC by BAC Florida Bank

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BAC Internet Time Deposit 36 Months Jumbo

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Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.25%	1-year CD	BAC Internet Time Deposit 12 Months 0.48% - National Average
1.27%	18-month CD	BAC Internet Time Deposit 18 Months 0.58% - National Average
0.25%	Savings	BAC Internet Savings 0.18% - National Average

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Overview / Commentary

www.bacflorida.com

305-789-8034

169 Miracle Mile, Suite R10
Coral Gables, FL 33134

My e-BAnC by BAC Florida Bank is the 417^th largest bank in the nation. It was established in 1973 and as of June of 2016, it had grown to 168 employees. My e-BAnC by BAC Florida Bank's CD rates are 40% higher than the national average, and it has a B health rating.

Excellent Financial Choice

Posted by: MarkWhalen1985 | Dec 29, 2015

I decided after a recommendation from a close work colleague to do business with BAC Florida Bank a few years back. I've never had a problem with their timely and professional customer service, and I would strongly recommend them to a friend. One story in particular that stands out in my mind is when I had a whole mess of bills all go through at once and this caused an overdraft of my account. I started seeing the overdraft fees popping up and with each transaction, a new overdraft fee would follow. I immediately transferred money into the checking account and spoke with one of their representatives. Unlike other banks, because these guys are awesome, they said they understood the issue, and did not want to lose me as a customer, so they refunded all but one of the fees! I couldn't have been more happier at the time, and I couldn't be happier with them now. Great company.

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3

BAC Florida Bank Goes Above And Beyond

Posted by: First-timeBankerLyn | Aug 27, 2015

Being new to having a savings account I decided to bank with BAC Florida. A few family members already used that bank, while there were a few local branches in the neighborhood. So after such positive reviews I opened an account which was a very hassle free experience. I was treated with respect since I walked through the door, while greeted by a friendly professional banker. She explained to me how much I needed as a minimum deposit. For only $100, I.D. and social security card I was the new owner of a savings account. I had never opened a savings account before because I was scared of paying fees if I ever needed to spend the money and my balance reached zero. To my surprise the banker at BAC Florida assured me there was no minimum deposit requirements. Plus I could bank online and from my phone. I can honestly say I would give them two thumbs up for going above and beyond to help first-time account holders like myself.

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2

Why BAC Florida does the job the right way.

Posted by: nlongfellow | Jun 30, 2016

BAC Florida has always treated me right, even when its my mistake. I know they really value my business and for me that makes a big difference. I don't want to just feel like another number to a big bank. Its clear that they actually care about me and they want my business. Some of the bigger banks really don't care if you bank with them because they are so large. It reflects in their customer service for sure. BAC Florida goes above and beyond regular means and has given me discounts and canceled fee's just because of customer retention. That's rare today and it really makes me want to give them more business. Its a good feeling knowing my funds are safe and they also care about my best interest. They cut out the big bank fees and provide quality service.

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1

Decent bank fees too high

Posted by: DamienChee | Sep 22, 2015

I moved to Coral Gables area back in 2006 from the Boston area. I found it increasingly hard to do business with my local bank back in New England so I decided for a change. I really don't tend to gravitate towards larger banks as they usually leave a bad taste in my mouth over time. I scoped around for a new bank to deal with my accounts and I found BAC Florida Bank. It reminded me of my bank back home, where everyone knew my name, this bank has that atmosphere. It was easy to setup an account and fast. I was in and out with everything I needed. It grew more alarming to me that their fees were really high compared to other banking establishments. I don't think 7 dollars for inactivity is a very fair charge. I can deal with 3 to 5,but 7 is way over the top. I also went over my account limit a couple of times, due to checks being cashed slowly, as my direct deposit comes from NH. The charge is out of control. I think 40 dollars for their mistake is way over the top and I have had these waived a couple of times,but its increasingly alarming to deal with. In the end its a nice little bank with a family type atmosphere. The tellers are really nice and that's always a plus,but the fees will get you. If your in the Coral Gables area, take a look.

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2

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Health

B

Data as of Q2 2016

Learn more about bank health

Health Grade Components

Overall
FDIC Certificate #	21265
Year Established	1973
Employees	168
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.67%
Return on Equity - YTD	8.23%
Annual Interest Income	$31.3MM

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$1.87B$1.69B
Loans	Q2 2016vs Q2 2015	$1.46B$1.31B
Deposits	Q2 2016vs Q2 2015	$1.51B$1.35B
Equity Capital	Q2 2016vs Q2 2015	$152.6MM$139.8MM
Loan Loss Allowance	Q2 2016vs Q2 2015	$16.7MM$16.3MM
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$22.8MM$8.6MM
Real Estate Owned	Q2 2016vs Q2 2015	$3.8MM$4.6MM

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