Pacific National Bank


Overview / Commentary
305-539-3841
1390 Brickell Avenue
Miami, FL 33131

Pacific National Bank is headquartered in Miami and is the 30th largest bank in the state of Florida. It is also the 1,145th largest bank in the nation. It was established in 1985 and as of June of 2020, it had grown to 84 employees at 3 locations. Pacific National Bank's money market rates are 14% higher than the national average, and it has an A health rating.

Related Posts

Pacific Nat'l Bank MM Rate Cut From 1.50% To 1.00% - 6/9/2020

enduser, what are we going to do about all of these rate cuts?? https://www.pnb.com/landing

Rate Drop To 1.50% APY - 4/15/2020

Money Market for Florida Rate drop to 1.50% APY Features: $5,000.00 average daily balance to avoid $25.00 monthly maintenance charge and $5,000 daily balance to earn Annual Percentage Yield. https://jha.loanspq.com/Consumer/Xpress/public/NewProductSelection.aspx

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Reviews (7)

CD Account Opening

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I've now bought close to a hundred CD's online from dozens of financial institutions. All have had their quirks and problems.

I just recently bought a CD with joint ownership through PNB. While the application was very thorough, I believe it was one of the best processes I've been through. I really liked the use of DocuSign after the application was approved. No printing, scanning, or snail mailing sheets of paper!

I completed the application on a Sunday, and everything was handled and complete by early afternoon on Monday, the first business day. I believe you could get it all done and approved in a single business day. They were very prompt. My conversations/questions with customer service the week before also went very well.

However, my pet peeve came up even with them... Security questions asked and answered during the application process, which included saving it and completing it later, were thrown out once it was approved. You have to go through this AGAIN to setup online access. PNB is not the only institution that does that, it really bothers me. Why ask them during the application if you're just going to throw them out???

Pacific National Bank

Posted by: |

I called to see how I would get My CD money returned just knowing they would not be competitive for a renewal.The first thing the CSR said was, please don't leave us. In all my years of banking, I have never had a banker say that to me. To my surprise they offered 2.4% for 12 months. Not the best but OK. I think they want my business. I did renew.

No Monthly Interest Pay Outs

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Wasted 5 hrs getting booked-up into a CD before learning interest accumulates only.

Turned Down For A CD

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Several days after applying for a CD with Pacific National I received a Notice of Adverse Action in the mail stating the application had been declined, the reason based on information in my Experian credit report. There's not one negative item in my report and my credit score is excellent. I've never had a deposit application turned down so I called PNB and was told they wouldn't be able to tell me what it was in the report that caused the denial. I called Experian, the rep said there was nothing she could see other than a fraud alert which hasn't prevented me from opening CDs elsewhere. PNB can't give me some clue as to what it was in my report that prevented me from opening an account?

Early Closure Penalty

Posted by: |

Beware that the online Money Market rates with a $5,000 minimum are variable and there is a $50 penalty for closing the account before 6 months

Nice Clean Bank But...

Posted by: |

I walked into the branch to make a cash deposit and the representative asked me HOW I had obtained the cash. I could not believe my ears. I had to sign a document that stated how I had earned the cash. This is an invasion of my privacy I told her. No bank has ever asked this. I immediately closed my account and went back to my prior bank.

Ripoff-Make Sure Your CD's Don't Mature On A Weekend Or Holiday

Posted by: |

I opened a $100,000 CD 18 months ago online and it happened to mature this past Saturday, 2/3/18. I notified PNB on 1/5/18 that I wanted the CD to be ACH'd back to me upon maturity since their current rates were not competitive. Since the CD matured on a Saturday, they could not return the funds to me until today, 2/5/18. However, they only paid interest through the maturity date even though they had my money 2 additional days. I brought this up to a customer service rep and he said that my agreement stated that I would not earn interest past the maturity date even though the maturity date, SELECTED BY PNB, was a Saturday. That's just not right! I won't deal with them again.



Health

Health Grade Components

Overall
FDIC Certificate #26299
Year Established1985
Employees84
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-0.11%
Return on Equity - YTD-1.2%
Annual Interest Income$12.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$749.4MM$533.4MM
LoansQ2 2020vs Q2 2019$437.5MM$366.0MM
DepositsQ2 2020vs Q2 2019$600.4MM$396.6MM
Equity CapitalQ2 2020vs Q2 2019$65.4MM$69.2MM
Loan Loss AllowanceQ2 2020vs Q2 2019$4.0MM$2.7MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$0$0
Real Estate OwnedQ2 2020vs Q2 2019$1.6MM$1.8MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Pacific National Bank; we are a rate comparison website and cannot provide official rates or promotions.

Pacific National Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$1k-Personal Savings Account
0.15%$5k-Business Savings Account

Pacific National Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$10k-Personal Money Market
0.50%$10k-Business Money Market
0.50%$5k-Online Money Market - New Money

Pacific National Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$2.5k-Personal Interest Checking
0.10%$5k-Business Interest Checking

Pacific National Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$1k$250k18 Month Promotional CD - New Money
0.65%$1k$240k15 Month Promotional CD - New Money
0.50%$1k$240k12 Month Online CD - New Money

Pacific National Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$1k-3 Year Simple Interest Promotional Certificate
0.80%$1k-2 Year Simple Interest Promotional Certificate
Locations


Pacific National Bank Locations
Pacific National Bank1390 Brickell AvenueMiami, FL 33131
Coral Gables Branch255 Aragon AvenueCoral Gables, FL 33134
Aventura Branch18285 Biscayne BlvdMiami, FL 33160

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