My eBanc is the 396th largest bank in the nation. It was established in 1973 and as of December of 2019, it had grown to 173 employees. My eBanc's money market rates are 2X the national average, and it has a B+ health rating.
Related Posts
3/6 - Rate Drops - Highest Rate Now 1.75% APY
3/8 - My eBanc Ups Super Saver Money Market To 2.25% APY
4/12 - My eBanc Ups 12-month Online Time Deposit Rate
2/13 - My Ebanc 2.05% APY For 12 Months
2/3 - My Ebanc Raises CD Rates Across All Terms (E.G, 2.05% APY For 12 Mos)
1/10 - My eBanc Hikes Rate On Super Saver MMA
7/28/17 - My e-BAnC's 12-Month Flex Time Deposit Has 2 Penalty-Free Withdrawals
6/15/17 - My e-BAnC Increases Super Saver Rate
3/31/17 - My e-BAnC Raises Jumbo Time Deposit Rates
2/26/17 - My e-BAnC Adds Super Saver and Ups 12-Month CD Rates
12/5/15 - My e-BAnC by BAC Florida Bank Increases Rates On 12-Month CD
12/5/14 - BAC Florida Bank Raises Rate On 12-month CD - Nationally Available
5/22/14 - Top Internet Jumbo CD Rates at BAC Florida Bank
Excellent Financial Choice
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.
BAC Florida Bank Goes Above And Beyond
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.
WORST WEBSITE EVER!!!
I trusted some money due to highest APY with reasonably respected bank. But, try to add an account or do anything on their website and it must have 20yo programmers. I have to call each time. If i send a message, i get a response in broken English which questions professionalism in my opinion. The answer from Cust. Serv was something like, "you cannot add from that site/address....that's only for looking at accounts..." I WAS LOGGED IN AND COULD NOT DO ANYTHING ...I HAD TO RETURN TO "X"!!!???
Never Open The Account With BAC Florida Bank
Be careful, very small bank with terrible services. No 1099 on time. No statement. And high penalty !
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 21265 |
| Year Established | 1973 |
| Employees | 173 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.38% |
| Return on Equity - YTD | 14.35% |
| Annual Interest Income | $95.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $2.26B$2.24B |
| Loans | Q4 2019vs Q4 2018 | $1.75B$1.71B |
| Deposits | Q4 2019vs Q4 2018 | $1.84B$1.84B |
| Equity Capital | Q4 2019vs Q4 2018 | $225.7MM$205.9MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $16.9MM$17.1MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $6.2MM$4.9MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $3.9MM$3.1MM |