| Business Summary | | Florida
Banks,
Inc.
operates
through
its
wholly
owned
banking
subsidiary,
Florida
Bank,
N.A.
(the
Bank).
The
Company
operates
community-banking
offices
in
the
Tampa,
Jacksonville,
Alachua
County
(Gainesville),
Broward
County
(Ft.
Lauderdale),
Pinellas
County
(St.
Petersburg
-
Clearwater)
and
Marion
County
(Ocala)
markets,
and
plans
entry
into
the
markets
of
Orlando
and
the
greater
Palm
Beach
area
(collectively,
the
Identified
Markets).
Within
each
of
the
Identified
Markets,
the
Company
expects
to
offer
a
broad
range
of
traditional
banking
products
and
services,
focusing
primarily
on
small
and
medium-sized
businesses.
The
Bank's
commercial
lending
consists
primarily
of
commercial
and
industrial
loans
for
the
financing
of
accounts
receivable,
inventory,
property,
plant
and
equipment.
The
Bank
also
offers
commercial
real
estate
loans
to
developers
of
both
commercial
and
residential
properties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Florida
Banks,
Inc.
is
the
bank
holding
company
for
Florida
Bank,
N.A.
For
the
six
months
ended
6/30/01,
total
interest
income
increased
50%
to
$15.3
million.
Net
interest
income
after
loan
loss
provision
increased
53%
to
$6.0
million.
Net
income
totaled
$124
thousand
vs.
a
loss
of
$662
thousand.
Net
interest
income
reflects
increased
interest
and
fees
of
loan
portfolio
and
a
lower
loan
loss
provision.
Net
income
also
reflects
an
increase
in
service
fees
and
other
noninterest
income. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| M. Sanchez, 66 Chairman | -- | Charles Hughes, Jr., 57 Pres,
CEO | $258K | T. Stephen Johnson, 51 Vice
Chairman | -- | T. Edwin Stinson, Jr., 47 CFO,
Sec., Treasurer, Director | 133K | Richard Kensler, 50 CCO | 125K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|