News / Business
38 Florida Banks Stand Firm While Large US Financial Institutions Need Bailout
While current recession in United States has hit the banking and financial sector hard with 10 of the nation’s largest financial institutions needing to raise an additional $75 billion in capital, 38 Florida Banks are reported to be financially secure and likely to remain healthy for the near future.
In times when banking and financial sector, especially large national and regional banks are in crisis requiring bailout packages, there are some community banks and smaller financial institutions that offer excellent financial security. The Associated Press recently reported that out of the 10 largest US financial firms that need to raise more capital, Bank of America Corp. needs by far the most — $33.9 billion. At the opposite end of the spectrum, First National Bank of Pasco, a community bank operating since 1986 in Pasco County, Florida, is financially strong and has been rated one of the safest banks in the nation by BauerFinancial.
FNBPasco is one of the 38 Florida banks that have the resources to deal with a variety of adverse economic conditions. The other 37 banks can be found at TheStreet.com. TheStreet.com Financial Strength Ratings represent a completely independent, unbiased opinion of an institution’s financial strength. The ratings are derived, for the most part, from quarterly financial statements filed with state and federal regulators.
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 http://www.fnbpasco.com/
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