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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Customer Servicw
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
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
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
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!
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 35376 |
| Year Established | 2000 |
| Employees | 26 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.66% |
| Return on Equity - YTD | 6.03% |
| Annual Interest Income | $2.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $97.6MM$98.2MM |
| Loans | Q2 2019vs Q2 2018 | $70.1MM$70.4MM |
| Deposits | Q2 2019vs Q2 2018 | $86.8MM$88.6MM |
| Equity Capital | Q2 2019vs Q2 2018 | $10.7MM$9.4MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $1.4MM$1.6MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $0$251.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $475.00K$475.00K |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.45% | $100 | - | Friends Sensible Savings Account | |
| 0.15% | - | - | Young Friends Savings Account | |
| 0.15% | $5 | - | Christmas Cash Account |
Friends Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.60%* | $100k* | - | Friends Business Advantage Money Market | ||
| OTHER TIERS: 0.45% → $1k - $25k | 0.55% → $25k - $100k | |||||
Friends Bank Checking Account Rates
Friends Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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 Office | 1504 South Ridgewood Avenue | Edgewater, FL 32132 |
| Ormond Beach Branch | 208 South Nova Road | Ormond Beach, FL 32174 |
| Friends Bank | 2222 State Road 44 | New Smyrna Beach, FL 32168 |