News Column

Paradise Bank Named a Top Performer by ICBA

June 10, 2014



BOCA RATON, Fla.--(BUSINESS WIRE)-- ICBA Independent Banker®, the award-winning magazine of the Independent Community Bankers of America® (ICBA) and the nation’s number-one source for community banking news, recognized Paradise Bank as an ICBA Top Performer in the annual Best of the Best community banks in America in the June issue of the magazine. Paradise Bank’s recognition is based on earnings and operational efficiencies throughout 2013.

“Whether it’s a small community bank serving a rural area or a large community bank serving a metro and suburban area, you’ll find they operate with the same focus by always putting their customers and communities first,” said Chris Lorence, ICBA executive vice president and chief marketing officer. Paradise Bank knows their local market and they thrive because of that expertise. We commend Paradise Bank for its ongoing dedication, enthusiasm and devotion to the banking industry.”

As part of its annual recognition of high-performing ICBA member institutions, ICBA Independent Banker pulled year-end FDIC data to identify the community banks with the highest performance metrics — those with best return on average asset ratios and the best return on average equity ratios — in six asset-size categories. The rankings separately recognize top-performing Subchapter C corporation banks and Subchapter S corporation banks. “This is a great honor and a privilege to receive this recognition not only for our staff and shareholders, but also for our community and state. We know our state economy continues to improve and there will be more Florida banks in future years to be recognized with us,” said William J. Burke, President of Paradise Bank.

“Paradise Bankis very pleased to be recognized as an ICBA Best of the Best community banks in America.” As proud members of the Palm Beach and Browardcommunities, we credit the vision and guidance of our directors, the steadfast loyalty of our customers, and the professional dedication of our employees for our success. We look forward to serving the needs of our community and helping our customers grow and prosper for many years to come,” said Ward Kellogg, CEO and Chairman.

To see the ICBA Top Performers listings, read the article “The Best of the Best” on ICBA Independent Banker’s website at www.independentbanker.org.

For additional information, please call us at 561-392-5444 or check our website at www.ParadiseBank.com. Member FDIC and Equal Housing Lender.

"This information contains “forward-looking statements” within the meaning of the federal securities laws. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements. Forward-looking statements involve known and unknown risks, on certainties and other factors, which may be beyond our control or which may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. You should not expect us to update any forward-looking statements."




Paradise Bank

Bill Burke, 561-392-5444

Source: Paradise Bank


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