Seacoast Bank is headquartered in Stuart and is the 6th largest bank in the state of Florida. It is also the 153rd largest bank in the nation. It was established in 1933 and as of June of 2022, it had grown to 1,095 employees at 69 locations. Seacoast Bank has an A+ health rating.
I'm the treasurer for a small non-profit. They treat us like we are a big corporation. No fee checking from day one even when we opened our account with a few hundred dollars. Our accounts have grown as our non-profit had expanded. Always smiling faces, always remember us. They are very active in the local Chamber of Commerce.
I banked at Seacoast Bank before I moved from the town I lived in. In the area of the state I lived, the bank only had two branches. I really liked the personal feel of the bank. Because it was a small bank, I didn't feel as if the person was treating me as just a number for their monthly goals. I feel like they valued me more because they were competing with the bigger banks, and they needed my deposits more. I had a savings and checking account with the bank. The checking account was free, but at one point they changed their system and started charging a fee. The only way to get around this, was to open a savings account. Because I liked the bank and the people there, I decided to move my savings account to the bank. The interest rates were competitive as well as the auto loan. I don't believe they offered much in terms of IRAs and investment accounts. They referred that to a private group.
At first everything was yes, yes, yes, then once they got me in, and the loan process started the contacts over there have since become hard to get a hold of and started taking forever to return phone calls or return emails. I have on separate occasions emailed asking specific questions and were replied with generic information and not answering the questions I needed answered. At times they have taken days to get back to me with time sensitive information. I'm in the last stages of the loan process and they decided to back to me after 5:00 on a Friday on a holiday weekend, and that is why I would not recommend them for a loan. I wish I could have a better report.
This bank REFUSES to credit direct deposits before a holiday. Horrible business practices. I'm closing this account asap.
|FDIC Certificate #||131|
|Return on Assets - YTD||1.04%|
|Return on Equity - YTD||8.35%|
|Annual Interest Income||$162.0MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$10.81B$9.32B|
|Loans||Q2 2022vs Q2 2021||$6.46B$5.40B|
|Deposits||Q2 2022vs Q2 2021||$9.19B$7.84B|
|Equity Capital||Q2 2022vs Q2 2021||$1.30B$1.17B|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$90.8MM$81.1MM|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$26.5MM$33.3MM|
|Real Estate Owned||Q2 2022vs Q2 2021||$2.4MM$12.8MM|
Sorry, we do not have rate data for Seacoast Bank.