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Tampa Bay-Lakeland
Business Observer Thursday, Sep. 9, 2010 11 years ago

Bauer's Best and Worst on Gulf

Bauer Financial recommends 11 Gulf Coast banks, while 12 others struggle.

Eleven banks headquartered within the Business Review's coverage area received four- or five-star ratings from Bauer Financial in its latest published evaluation, while 12 received zero stars.

The only Gulf Coast bank to receive a five-star rating was Finemark National Bank & Trust, headquartered in Fort Myers.

Banks receiving four-star ratings included:
• Edison National Bank (based in Fort Myers)
• First America Bank (Bradenton)
• Florida Gulf Bank (Fort Myers)
• Florida Shores Bank - Southwest (Venice)
• Gateway Bank of Southwest Florida (Sarasota)
• Members Trust Company (Tampa)
• Northstar Bank (Tampa)
• TCM Bank N.A. (Tampa)
• USAmeriBank (Largo)
• Valrico State Bank (Valrico)

Banks that received zero-star ratings are likely struggling to stay in business. Gulf Coast banks receiving zero-star ratings included:
• Bank of Commerce (Sarasota)
• First Commercial Bank of Tampa Bay (Tampa)
• First Community Bank of Southwest Florida (Fort Myers)
• Horizon Bank (Bradenton)
• Landmark Bank of Florida (Sarasota)
• Old Harbor Bank (Clearwater)
• Progress Bank of Florida (Tampa)
• Royal Palm Bank of Florida (Naples)
• Southern Commerce Bank N.A. (Tampa)
• Southshore Community Bank (Apollo Beach)
• Superior Bank (Tampa)
• TIB Bank (Naples)

The Business Review's special Banking issue will be available to readers tomorrow.

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