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Home > Company Index > Banking > Banking - Southeast > Citrus Financial Services, Inc.

Citrus Financial Services, Inc.
 PROFILE
Orange you glad you can count on Citrus Financial Services? The holding company's Citrus Bank serves communities along central Florida's Atlantic coast through locations in Vero Beach, Sebastian, and Barefoot Bay. It also operates loan offices in Miami and Sebring. Citrus Bank mainly originates commercial real estate loans (39% of the portfolio) and residential mortgages (more than a third), as well as business, construction, and consumer loans. Deposit options include savings, money market, and NOW accounts. The bank also offers armored-car service to commercial clients. Directors and executive officers of Citrus Financial collectively own about two-thirds of the company after plans for an IPO ran out of juice.

 COMPETITION
Community Savings Bankshares, Inc. (CMSV)
Harbor Florida Bancshares, Inc. (HARB)
Seacoast Banking Corporation of Florida (SBCFA)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 7.80
1-Yr. Sales Growth: 11.2%
Employees: 42
Revenue per employee: $185,714.29

 KEY PEOPLE
• Randy J. Riley
    CEO
• Walter A. Alvarez
    CFO

 CONTACT INFO
1717 Indian River Blvd., Ste. 100
Vero Beach, FL 32960
US
Phone: 561-778-4100
Fax: 561-567-8301
Online: Web Site

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