Paradise Bank


Overview / Commentary
561-392-5444
2420 North Federal Highway
Boca Raton, FL 33431

Paradise Bank is headquartered in Boca Raton and is the 63rd largest bank in the state of Florida. It is also the 2,086th largest bank in the nation. It was established in 2005 and as of June of 2020, it had grown to 55 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
A+

Health Grade Components

Overall
FDIC Certificate #58030
Year Established2005
Employees55
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.13%
Return on Equity - YTD10.81%
Annual Interest Income$7.6MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$355.1MM$326.1MM
LoansQ2 2020vs Q2 2019$262.3MM$208.6MM
DepositsQ2 2020vs Q2 2019$311.3MM$287.6MM
Equity CapitalQ2 2020vs Q2 2019$36.1MM$36.0MM
Loan Loss AllowanceQ2 2020vs Q2 2019$1.9MM$1.4MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$0$612.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$98.00K
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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