FineMark Exceeds $500 Million in Total Assets

12/17/2012

FORT MYERS, FL (December 17, 2012) –Joseph R. Catti, President and CEO of FineMark National Bank & Trust, announced the bank has exceeded $500 million in total assets as of December 1, 2012, several months prior to its sixth anniversary. At the same time, deposits and loans total $392 million and $355 million, respectively. Assets under management from Trust and Investment services total $908 million.

“We are grateful to our clients, shareholders, board of directors and the community for helping us achieve the $500 million dollar milestone,” said Catti. “The many challenges faced by the financial services sector and local economy make this remarkable.

Along with growth in total assets, FineMark has experienced strong loan growth in 2012, surpassing $300 million in outstanding loans mid-year. The bank currently ranks second in the state for new loan growth.

The number of employees at FineMark has also grown substantially over the past year. In December of 2011, 64 people were employed with FineMark. That number has grown to the current total of 85 employees.

FineMark opened in February 2007 with one office in Fort Myers. The bank now has six offices in Lee and Collier counties, one office in Palm Beach and the bank’s newest office in Scottsdale, Arizona.