Tampa, Florida 2021-09-27 15:35:55 –
Tampa Bay / Coral Gables, Florida | September 27, 2021 – After announcing expansion into the Tampa Bay and Jacksonville markets earlier this summer, Professional Bank hired new team members and loaned in both regions. Leased space for production office (LPO).
In Tampa Bay, growing financial institutions are doing business from the collaborative workspace of the Thrive DTSP building in downtown St. Petersburg at 136 4th St. North. Darren Riding, Executive Vice President / Regional Market Executive, who oversees the Tampa Bay and Jacksonville markets, is based in the St. Petersburg office. He will be joined by associates Mike Ludwig, Melissa Salamanca and Daniel Hanko, all of whom are responsible for the formation of the new loan.
Daniel R. Sheehan, Chairman and CEO of Professional Bank, said: “Our team in Tampa Bay participated in a strong strategic relationship, but the collaborative nature of the coworking space gives us the opportunity to start business development efforts in the region right away. I thought. “
Tampa Bay has proven to be a hotspot for small businesses to launch and thrive. A 2020 report by LendingTree concludes that the region is ranked third in the country for SMEs across all Florida metropolitan areas. More recently, according to a report from Paychex, the region has the smallest employment in the United States among companies with less than 50 workers.
“As SMEs grow in the backyard, this is a great opportunity for us to tell our own stories and understand the needs and challenges of these businesses,” Lyding said. “We know that many of these companies operate from coworking spaces to collaborate with other companies across multiple industries, especially in the downtown St. Petersburg scene.”
In Jacksonville, Professional Bank has leased space to 12724 Grand Bay Parkway West, Suite 432, Jacksonville, and FL 32258. This is also the concept of coworking space. The office is headed by Brock Martin, with the addition of Associate Jessica Newman. “Jacksonville is hungry for a new name for banking,” Martin said. “I think the culture of Professional Bank is perfect.”
Professional Bank was founded in 2008 to provide small businesses and individuals with a private banking experience. The institution has achieved tremendous organic growth over the next decade by focusing on building strong relationships and providing customized banking solutions.
In February 2020, Professional Bank was opened to the public through its holding company, Professional Holding Corp. A few weeks later, we completed the acquisition of Coral Gables-based Marquis Bank, adding new customers and branches to South Florida. Through the Digital Innovation Center in Cleveland, Ohio, the World Bank continues to invest heavily in technology to find new ways to make cash handling more frictional.
For Professional Bank, the move to Tampa Bay and Jacksonville marks the first expansion in a state other than the South Florida region.
About Professional Bank and Professional Holding Corp.:
Professional Holding Corp. (NASDAQ: PFHD) is a financial holding company of Professional Bank, Florida’s official bank, founded in 2008 and headquartered in Coral Gables, Florida. Professional Bank focuses on providing creative, relationship-driven commercial banking products and services designed to meet the needs of SMEs, their owners and operators, professionals and entrepreneurs. I am. Professional Bank currently operates its Florida network through nine branches and two loan production offices in the counties of Miami, Broward, Palm Beach, Duval (Jacksonville), Hillsborough and Pinellas (Tampa Bay). It also has a Digital Innovation Center in Cleveland, Ohio, and a loan production office in New England. For more information, please visit www.myprobank.com. Member FDIC. Equal home lender.
Description of future prospects
This communication contains forward-looking statements in the sense of the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts contained in this presentation may be considered forward-looking statements, including but not limited to preceding statements. “Expect”, “Intention”, “Believe”, “Estimate”, “Plan”, “Seek”, “Plan” or “Expect”, “May”, “Do”, “” Expressions such as “would”, “could”, “should”. Forward-looking statements represent our current expectations, plans, or forecasts and involve significant risks and uncertainties. Due to several important factors, actual results may differ materially from those described in the future outlook. These factors include, but are not limited to, current and future economic and market conditions, including those that may affect credit quality and the ability to generate loans and collect deposits. Hmm. COVID-19 Pandemic Duration, Scope, Impact, and COVID-19 Impact Loan Portfolio and Financial Market Credit Quality and General Economic Conditions, including Government Responses to the Pandemic. Impact of lack of diversified investment portfolio and concentration on the South Florida market. Expectations regarding the impact of current and future interest rates, and the actual timing and amount of interest rate fluctuations. Competition; Our ability to carry out business plans. Geopolitical developments; Legislative and regulatory developments; Inflation or deflation; Market fluctuations; Natural disasters (including pandemics such as COVID-19); Significant accounting estimates. And Form 10-K for the year ended December 31, 2020, Form 10-Q for the quarter ended March 31, 2021, and others listed in other filings with the Securities and Exchange Commission. Factors. We undertake no obligation to update any forward-looking statement contained in this document to reflect future events, developments, or changes in expectations, except as required by law.
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