First National Bank of Pasco Rated One of Nation’s Safest Banks to Deposit Your Money

A Board of Directors in Dade City are toeing the line of their city’s motto these days, “Proud Heritage Promising Future.”  Their bank, First National Bank of Pasco (FNB Pasco), has been earning for several consecutive quarters BauerFinancial, Inc.’s highest 5-star superior rating for financial strength and stability.  What that means to the citizens of Pasco County is that FNB Pasco is one of the strongest banks in the nation and one of the safest banks to deposit your money – no small feat in a country whose economic climate has been called anything but stable.

Troubled assets, sub-prime loans and general concern over the financial conditions of banks and the banking system nationwide have given cause for alarm.  Despite a hefty FDIC insurance assessment levied on all banks, which may cause many to go out of business, FNB Pasco, will be able to weather the economic storm and remain viable for their community.

It is not known yet what number of banks will be able to absorb the FDIC insurance assessment nationwide, but reports show that First National Bank of Pasco’s capital far exceeds the required regulatory levels, which gives them the staying power required to support their customers and community.   

 “We are doing what we have always done…” said Robert Sumner, President of Florida Bancshares and spokesperson of FNB Pasco Bank, “…ensuring that we have the funds to help small businesses in our community so they can grow, expand and prosper.”

About First National Bank of Pasco:

First National Bank of Pasco: “Your Hometown Bank” was started in 1986 by Andy P. Gibbs, of Gibbs & Parnell, P.A., a Florida law firm.  The bank has three locations in Pasco County – Dade City, South Zephyrhills and West Zephyrhills.   FNB Pasco prides itself on being a "high tech and high touch" bank, using technology and online banking to help their customers connect to "Your Hometown Bank" from anywhere.  Florida Bancshares, Inc., the holding company of FNB Pasco was formed in 2008.  Its President, Robert Sumner, who also serves on FNB Pasco’s Board of Directors, works closely with Mr. Gibbs and the other Board of Directors to guide and manage First National Bank of Pasco securely into the future for its community.  Visit www.fnbpasco.com

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