Headline: Flagler Bank: A Comprehensive Guide to One of Florida's Leading Financial Institutions
Introduction
Flagler Bank is a prominent financial institution headquartered in St. Augustine, Florida. Founded in 1908, the bank has grown into a regional powerhouse, serving customers throughout the Sunshine State and beyond. This article aims to provide a comprehensive overview of Flagler Bank, highlighting its history, services, and financial performance.
Historical Milestones
Flagler Bank traces its roots back to the early 20th century when a group of local businessmen established "The St. Johns County Bank." In 1980, the bank acquired Flagler National Bank and adopted its current name.
Key Milestones:
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1908: The St. Johns County Bank is founded.
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1980: Acquires Flagler National Bank and becomes Flagler Bank.
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1992: Expands into Palm Coast, Florida.
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2001: Merges with First National Bank of Ormond Beach.
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2008: Weathers the financial crisis and emerges as a stronger institution.
Services Offered
Flagler Bank offers a wide range of financial products and services, catering to both individuals and businesses. These services include:
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Personal Banking: Checking and savings accounts, loans, credit cards, and financial planning.
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Business Banking: Commercial loans, lines of credit, and cash management services.
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Private Banking: Wealth management, investment advisory services, and estate planning.
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Trust Services: Trust administration, estate settlement, and financial planning for trusts.
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Insurance: Life, health, disability, and property insurance through its subsidiary, Flagler Insurance Agency.
Financial Performance
Flagler Bank has consistently reported strong financial performance over the years. As of December 31, 2022:
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Assets: $10.5 billion
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Deposits: $8.8 billion
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Loans: $6.5 billion
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Total Equity: $1.2 billion
The bank has maintained a strong credit rating, indicating its financial stability and trustworthiness.
Customer Service
Flagler Bank places great emphasis on customer service. The bank boasts:
- A network of over 50 branches and ATMs throughout Florida.
- 24/7 online and mobile banking services.
- Dedicated customer support representatives available by phone, email, and chat.
- Personalized financial advice and tailored solutions for each customer's needs.
Community Involvement
Flagler Bank is actively involved in supporting the communities it serves. The bank's philanthropic efforts focus on:
- Education: Scholarships, financial literacy programs, and support for local schools.
- Healthcare: Funding for hospitals, clinics, and research organizations.
- Cultural Arts: Sponsorships for museums, theaters, and festivals.
- Economic Development: Investments in infrastructure, job creation, and affordable housing.
Comparative Table
To provide a better understanding of Flagler Bank's performance relative to its peers, the following table compares its key financial metrics with those of two other regional banks in Florida:
Bank |
Assets ($ billions) |
Deposits ($ billions) |
Loans ($ billions) |
Net Income ($ millions) |
Flagler Bank |
10.5 |
8.8 |
6.5 |
120 |
Bank of Florida |
13.0 |
9.5 |
7.0 |
180 |
First Horizon Bank Florida |
18.5 |
14.0 |
9.0 |
140 |
As can be seen from the table, Flagler Bank ranks among the largest and most successful financial institutions in Florida.
Tips and Tricks
Tips for Banking with Flagler Bank:
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Take advantage of online and mobile banking: Enjoy convenient access to your accounts 24/7.
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Use Flagler Rewards: Earn points on debit card purchases and redeem them for rewards.
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Attend financial workshops: Gain valuable financial insights from bank experts.
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Explore personal financial planning: Get personalized advice and guidance to achieve your financial goals.
Tricks for Saving Money with Flagler Bank:
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Negotiate your loan rates: Don't accept the first offer, ask for a lower rate.
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Take advantage of special promotions: Keep an eye out for exclusive savings and discounts.
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Consider automatic savings transfers: Set up regular transfers from your checking to your savings account.
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Use the Flagler mobile app: It offers tools to track your spending and set financial goals.
How to Step-by-Step Approach
To Open a Flagler Bank Account:
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Visit a branch: Find a nearby branch and bring your identification.
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Complete an application: Fill out a simple application form with your personal information.
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Deposit funds: Choose an account type and make an initial deposit.
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Receive your debit card: Your card will arrive in the mail within 7-10 business days.
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Set up online banking: Register for online and mobile banking to manage your account conveniently.
Pros and Cons
Pros of Banking with Flagler Bank:
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Strong financial performance: Stable and well-capitalized institution.
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Excellent customer service: Dedicated support and personalized advice.
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Community-oriented: Actively supports local organizations and initiatives.
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Convenient access: Extensive branch network and 24/7 online banking.
Cons of Banking with Flagler Bank:
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Limited national presence: Branches are mainly located in Florida.
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Higher fees: Compared to some online banks and credit unions.
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Limited investment options: May not offer all the investment products available at larger banks.
Frequently Asked Questions
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What is Flagler Bank's routing number? 063117302
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What are the bank's hours of operation? Monday-Friday, 8:30 AM - 5:00 PM
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Is Flagler Bank FDIC insured? Yes, all deposits are FDIC insured up to $250,000.
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How do I contact customer service? By phone at (800) 397-1956 or online at flaglerbank.com/contact-us
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Can I apply for a loan online? Yes, you can apply for a loan online at flaglerbank.com/loans/apply-now
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What is the minimum deposit required to open a checking account? $25
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Are there any fees associated with my checking account? Monthly maintenance fees may apply if certain conditions are not met.
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How do I get a copy of my bank statement? You can request a bank statement online, by mail, or at any branch.
Conclusion
Flagler Bank has cemented its position as one of the leading financial institutions in Florida. With a rich history, a comprehensive range of services, and a commitment to customer satisfaction, the bank continues to empower individuals and businesses alike. As the bank looks towards the future, it is well-positioned to maintain its strong financial performance and continue to serve the communities it calls home.