Finding a bank that you can not only trust, but that is also easy to work with is an important aspect of any business/banking relationship. The key is finding a Florida banking institution that fits your needs and offers your company the best customer service.
Commercial banks can be either nationally chartered or state chartered. In Florida, state chartered banks are run and regulated by the Florida State Comptroller's Office.
Banks in Florida range from the very small to large institutions that cater to larger corporations. Regardless of your needs there is a bank in Florida that is well suited and up for the task.
1. Examine exactly what services that you are looking for. Florida banking institutions offer a wide range of services that are cost effective.
2. Find a Florida bank that fits your business size. Although many Florida commercial banks focus on the large cooperate account, many provide a more personal touch to small businesses.
3. Compare Florida banks to make sure that you are getting the most for your money. Many banks in Florida offer non-traditional services in addition to the traditional checking, savings, and credit options.
Action Steps
The best contacts and resources to help you get it done
Find a Florida bank that offers convenience
Finding a bank in Florida that has all of the features and services that you need is great. However, if that bank is halfway across the state it defeats your purpose. Most Florida banks have branch locations scattered all over the state so choose one that is convenient to your business.
I recommend: A Florida Commercial Banking Database can be found on the
Florida Office of Financial Regulations website. This listing shows important information which includes location, city, contact numbers and the name of a contact personal with each Florida bank.
Compare corporate banking in Florida to commercial banking in Florida.
The smaller commercial banks can offer a small business a more personal touch and one on one service.
I recommend: The
Bank of Central Florida was formed in March of 2007. Their focus is to provide advice from a team of professionals that include CPAs, attornies and financial advisers. The
Bank of Florida gives the small business a very personal touch in addition to the traditional checking, saving and lending services. They connect your business with other business leaders and will even pick up deposits in on-site visits.
Look for Florida commercial banking institutions that offer variety
Many of the Florida banking institutions offer online banking, bill pay, and ready credit lines to small businesses. Because your success adds to their success you can often find resources for small business to help your business grow.
I recommend: Always check out a few different banking websites before making a decisions.
Wachovia offers online banking, brokerage service and investing among their various small business services.
Fifth Third Bank provides the small business resource center in addition to online banking and payroll services. The more recognizable AmSouth Bank is now
Regions. They offer Small Business Administration Loans, retirement plans, resource center and hundreds of branches state wide.
Suntrust gives the small business merchant service solutions, as well as banking, lending, cash management and an online payroll and check deposit service.
Tips & Tactics
Helpful advice for making the most of this Guide
- When banking in Florida, take special notice of the fees. High fees can ultimately end up costing your company much more than it is worth. There is no sense in paying high fees when there are many Florida banking institutions that offer low fees for small business.
The official source of Banks in Florida is the Banks in Florida page at Business.com
Related Resources from Business.com
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