Paradise Bank

Overview / Commentary
2420 North Federal Highway
Boca Raton, FL 33431

Paradise Bank is headquartered in Boca Raton and is the 60th largest bank in the state of Florida. It is also the 2,079th largest bank in the nation. It was established in 2005 and as of December of 2020, it had grown to 50 employees at 3 locations. Paradise Bank has an A health rating.

Reviews (2)

Paradise Bank

Despite being a small community based bank, Bill Burke - and his team at Paradise Bank - provide a number of "big bank" services to their customers. I am especially impressed at their SBA or Small Business Administration loan ability. Five stars!

Excellent customer service, a "small bank" feel, low fees compared to the "big" banks, plenty of parking and comfortable banking accommodations, Paradise Bank provides it all. They are also especially charitable within the community they serve.

I have been a client for over a decade and wouldn't think of banking elsewhere.

William E. Lewis Jr.
Fort Lauderdale, Florida.

Great Banking Institution

Posted by: |

Paradise Bank is one of the most professional banking institutions I have ever deal with. From Their front line staff like Marilyn to the Upper mgnt Group.


Health Grade Components

FDIC Certificate #58030
Year Established2005
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.76%
Return on Equity - YTD17.07%
Annual Interest Income$15.1MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$366.8MM$333.1MM
LoansQ4 2020vs Q4 2019$249.2MM$210.7MM
DepositsQ4 2020vs Q4 2019$324.7MM$296.9MM
Equity CapitalQ4 2020vs Q4 2019$35.0MM$34.3MM
Loan Loss AllowanceQ4 2020vs Q4 2019$1.9MM$1.5MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$1.3MM$0
Real Estate OwnedQ4 2020vs Q4 2019$0$0

Sorry, we do not have rate data for Paradise Bank.


Paradise Bank Locations
Delray Beach Office Branch1351 N Federal HwyDelray Beach, FL 33483
Paradise Bank2420 N. Federal HwyBoca Raton, FL 33431
Ft Lauderdale Office Branch540 N Federal HwyFort Lauderdale, FL 33301

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