Paradise Bank is headquartered in Boca Raton and is the 59th largest bank in the state of Florida. It is also the 1,989th largest bank in the nation. It was established in 2005 and as of June of 2022, it had grown to 47 employees at 3 locations. Paradise Bank has a B+ health rating.
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.
|FDIC Certificate #||58030|
|Return on Assets - YTD||1.65%|
|Return on Equity - YTD||21.12%|
|Annual Interest Income||$7.8MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$416.4MM$393.1MM|
|Loans||Q2 2022vs Q2 2021||$225.3MM$251.4MM|
|Deposits||Q2 2022vs Q2 2021||$383.0MM$351.4MM|
|Equity Capital||Q2 2022vs Q2 2021||$29.3MM$38.4MM|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$2.8MM$2.3MM|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$0$1.3MM|
|Real Estate Owned||Q2 2022vs Q2 2021||$0$0|
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|Paradise Bank Locations|
|Delray Beach Office Branch||1351 N Federal Hwy||Delray Beach, FL 33483|
|Paradise Bank||2420 N Federal Hwy||Boca Raton, FL 33431|
|Ft Lauderdale Office Branch||540 N Federal Hwy||Fort Lauderdale, FL 33301|