Friends Bank

Overview | Locations (3) | Receive alerts for this bank

REVIEWS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.85%	5-year CD	60 Month CD 2.35% - Synchrony Bank 60 Month CD
0.35%	1-year CD	12 Month CD 1.50% - Ally Bank No Penalty 11-Month CD
0.10%	Savings	Friends Sensible Savings Account 1.15% - CIT Bank Spring Savings

View all Friends Bank rates »

Overview / Commentary

www.friendsbank.com

386-428-2299

2222 State Route 44
New Smyrna Beach, FL 32168

Friends Bank is headquartered in New Smyrna Beach and is the 126^th largest bank in the state of Florida. It is also the 4,241^st largest bank in the nation. It was established in 2000 and as of March of 2017, it had grown to 28 employees at 3 locations. Friends Bank has a C+ health rating.

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.

Comment

1

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!!!!!!!!!!!!

Comment

2

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!

Comment

1

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!

5

Health

C+

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	35376
Year Established	2000
Employees	28
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.56%
Return on Equity - YTD	6.74%
Annual Interest Income	$943.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$106.3MM$105.0MM
Loans	Q1 2017vs Q1 2016	$67.8MM$66.4MM
Deposits	Q1 2017vs Q1 2016	$97.6MM$96.8MM
Equity Capital	Q1 2017vs Q1 2016	$8.6MM$7.8MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$1.4MM$1.3MM
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$184.00K$482.00K
Real Estate Owned	Q1 2017vs Q1 2016	$4.4MM$6.0MM

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

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
0.15%	-	-	Christmas Cash Account
0.10%	-	-	Young Friends Savings Account
0.10%	$100	-	Friends Sensible Savings Account

Friends Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%^*	$100k^*	-	Friends Business Advantage Money Market
OTHER TIERS: 0.10% → $1k - $25k \| 0.15% → $25k - $50k \| 0.20% → $50k - $100k

Friends Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%^*	$100k^*	-	Friends Treasure Account
OTHER TIERS: 0.10% → $1k - $25k \| 0.15% → $25k - $50k \| 0.20% → $50k - $100k
0.10%^*	$25k^*	-	Friends Merit Account
OTHER TIERS: 0.05% → Up to $25k
0.10%^*	$25k^*	-	Friends Choice Checking Account
OTHER TIERS: 0.05% → Up to $25k
0.10%^*	$25k^*	-	Friends IOTA Account
OTHER TIERS: 0.05% → Up to $25k

Friends Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.85%	$1k	-	60 Month CD
0.75%	$1k	-	48 Month CD
0.65%	$1k	-	36 Month CD
0.60%	$5k	-	30 Month Advantage CD
0.50%	$1k	-	24 Month CD
0.40%	$5k	-	18 Month Advantage CD
0.35%	$500	-	12 Month CD
0.15%	$2k	-	6 Month CD
0.10%	$2k	-	90 Day CD

Friends Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.85%	$1k	-	60 Month IRA
0.75%	$1k	-	48 Month IRA
0.65%	$1k	-	36 Month IRA
0.60%	$1k	-	30 Month Advantage IRA
0.50%	$1k	-	24 Month IRA
0.40%	$1k	-	18 Month Advantage IRA
0.35%	$1k	-	12 Month IRA
0.15%	$1k	-	6 Month IRA

Locations

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