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Paradise Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
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Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Overview / Commentary
www.paradisebank.com
561-392-5444
2420 N. Fedl Hwy
Boca Raton, FL 33431

Paradise Bank is headquartered in BOCA RATON and is the 51st largest bank in the state of Florida. It is also the 1,879th largest bank in the nation. It was established in 2005 and as of September of 2024, it had grown to 47 employees at 3 locations. Paradise Bank has a B+ health rating.

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Health
B+

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #58030
Year Established2005
Employees47
Primary RegulatorFED
Profit Margin
Return on Assets - YTD2.94%
Return on Equity - YTD41.05%
Annual Interest Income$21.2MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$468.6MM$332.2MM
LoansQ3 2024vs Q3 2023$298.8MM$226.5MM
DepositsQ3 2024vs Q3 2023$426.8MM$301.3MM
Equity CapitalQ3 2024vs Q3 2023$29.7MM$26.3MM
Loan Loss AllowanceQ3 2024vs Q3 2023$3MM$2.6MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$0$0
Real Estate OwnedQ3 2024vs Q3 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Rates

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

Locations


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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