Seacoast National Bank is headquartered in Stuart and is the 6th largest bank in the state of Florida. It is also the 175th largest bank in the nation. It was established in 1933 and as of March of 2021, it had grown to 953 employees at 58 locations. Seacoast National Bank has an A+ health rating.
I have never had a problem with them holding money or any of the nonsense posted here. I love them checks are available before I leave the bank but of course I have the money in the account to cover them. Almost always friendly at the various branches I have been to. Never had a nasty call when I have called in not many times over five years because they do what they are supposed to without me calling them. The loans on the other hand are not competitive for the average beacon no matter how much money you move through their bank. So if you want decent terms you will not be financing anything with them so for loans they very well may suck. I have numerous loans and none with them, I thinks it's kind of funny really. But for checking saving banking need they are awesome and have been for five years. I appreciate them.
I do not currently bank with Seacoast anymore due to change of location but I do recommend this bank! It is very convenient and their website is user friendly. I have not had many issues while banking with Seacoast. The one issue that stands out the most to me is when ITunes charged me a false fee multiple times. This made my account go negative and thus I was hit with an overdraft fee. I dealt with the best financial manager who helped get the fee waived immediately and my bank account back to good standing. Overall, I give this bank a 10/10 because its been stress-free banking from start to finish.
"You should know what you make and what you have in your account"- this is what I was told when I called about an overdraft of $600 to my account. Even though I called not only the after hours on call system, but the actual bank and spoke to a representative. Their banking system doesn't actually keep track of your account balance, and so you will never know how much is actually in your account. I made an account to run idly for a while with $5+ base, 6 months later I recieve a letter stating I have an "outstanding overdraft of $0.75 and the account will be closed". They don't actually keep accurate track of your balances and will charge you fee after fee for nothing. I haven't called them yet about it because I know I'll be met with attitude and blame shifting. Absolutely horrible business module. Their paper policies are trash. Their customer representatives are incredibly rude and narcissistic about their faulty banking opperations and blame you for their errors. This is a very bad bank and I resent them for buying out a perfectly normal bank.
|FDIC Certificate #||131|
|Return on Assets - YTD||1.59%|
|Return on Equity - YTD||11.99%|
|Annual Interest Income||$69.3MM|
|Assets and Liabilities|
|Assets||Q1 2021vs Q1 2020||$8.81B$7.35B|
|Loans||Q1 2021vs Q1 2020||$5.64B$5.26B|
|Deposits||Q1 2021vs Q1 2020||$7.39B$5.89B|
|Equity Capital||Q1 2021vs Q1 2020||$1.15B$1.01B|
|Loan Loss Allowance||Q1 2021vs Q1 2020||$86.6MM$85.4MM|
|Unbacked Noncurrent Loans||Q1 2021vs Q1 2020||$36.0MM$26.2MM|
|Real Estate Owned||Q1 2021vs Q1 2020||$15.5MM$14.6MM|
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