Friends Bank

Overview / Commentary
2222 State Road 44
New Smyrna Beach, FL 32168

Friends Bank is headquartered in New Smyrna Beach and is the 103rd largest bank in the state of Florida. It is also the 4,107th largest bank in the nation. It was established in 2000 and as of June of 2019, it had grown to 26 employees at 3 locations. Friends Bank's CD rates are 2X the national average, and it has a B+ health rating.

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Reviews (4)

Customer Servicw

Posted by: Anonymous | May 12, 2012

If you are tired of the BIG Bank BS, visit Friends Bank, you will leave there feeling like a King!!!!!!! It is what you expect from a Bank, Royal treatment.

A Friendly Place To Bank

Posted by: RPadgett | Apr 17, 2011

I have been a bank customer of this bank for better than 18 months and I must say this bank treats you like a real person. If you live in the Eastern Volusia county area this is the Bank!!!! Friendly and always ready to help you. The way banking was ment to be!!!!!!!!!!!!

Very nice

Posted by: Friends | Jan 18, 2015

I love the bank and I have always been around it sense my grandmother has been going there for a long time. The ladies are great! They are so welcoming everytime i would deposit money and I love smiling faces and lollipops. I am great to be at the bank and i wouldnt change a thing!

Theft By Policy

Posted by: mvando01 | Sep 26, 2011

If you plan on dealing with Friends Bank in New Smyrna Beach, Florida,I have one piece of advice, don't!

In my opinion, they use antiquated methods of reporting and communicating, not to mention a pervese sense of customer service!

The result is when you are not informed in a timely manner; of an impending penalty, on say a CD that you have had with them for five years! That's right, you get slammed! Their excuse, "It's Policy"!

That's right their policy is to only use snail mail to inform you a CD is about to mature! No E-mail, No Fax, No Phone call and 6 months of interest now belongs to them! Ouch! "Sorry, Our Policy"!

The folks that run this bank are rank amatuers at best, don't take my opinion as fact, just look at their ratings and financials!

If you deal with them, good luck or should I say Caveat Emptor"

Friends Bank is no friend of mine!


Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Friends Bank has a relatively low asset base.

Health Grade Components

FDIC Certificate #35376
Year Established2000
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.66%
Return on Equity - YTD6.03%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$97.6MM$98.2MM
LoansQ2 2019vs Q2 2018$70.1MM$70.4MM
DepositsQ2 2019vs Q2 2018$86.8MM$88.6MM
Equity CapitalQ2 2019vs Q2 2018$10.7MM$9.4MM
Loan Loss AllowanceQ2 2019vs Q2 2018$1.4MM$1.6MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$0$251.00K
Real Estate OwnedQ2 2019vs Q2 2018$475.00K$475.00K
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Always verify rates and promotions with the bank or credit union. We are not Friends Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Friends Bank Savings Account Rates

0.45%$100-Friends Sensible Savings Account
0.15%--Young Friends Savings Account
0.15%$5-Christmas Cash Account

Friends Bank Money Market Rates

0.60%*$100k*-Friends Business Advantage Money Market
OTHER TIERS: 0.45% $1k - $25k | 0.55% $25k - $100k

Friends Bank Checking Account Rates

0.60%*$100k*-Friends Treasure Account
OTHER TIERS: 0.45% $1k - $25k | 0.55% $25k - $100k
0.15%*$25k*-Friends Merit Account
OTHER TIERS: 0.10% Up to $25k
0.15%*$25k*-Friends Choice Checking Account
OTHER TIERS: 0.10% Up to $25k

Friends Bank CD Rates

2.70%$1k-60 Month CD
2.60%$1k-48 Month CD
2.50%$1k-36 Month CD
2.40%$1k-24 Month CD
2.10%$2k-12 Month CD
1.65%$2k-6 Month CD

Friends Bank IRA Rates

2.70%$1k-60 Month IRA
2.60%$1k-48 Month IRA
2.50%$1k-36 Month IRA
2.40%$1k-24 Month IRA
2.10%$1k-12 Month IRA
1.65%$1k-6 Month IRA

Friends Bank Locations
Edgewater Office1504 South Ridgewood AvenueEdgewater, FL 32132
Ormond Beach Branch208 South Nova RoadOrmond Beach, FL 32174
Friends Bank2222 State Road 44New Smyrna Beach, FL 32168

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