Fort Myers, FL - 07/07/2010
Joseph Catti, President and CEO of FineMark National Bank & Trust, announced that the bank has exceeded $300 million in assets as of June 30, 2010. At the same time, Deposits and Loans totaled $223 million and $ 148 million, respectively. Assets under management from Trust and Investment, and Brokerage services totaled $363 million. In addition, FineMark achieved profitability for the first six months of this year.
The bank, which focuses on providing high touch personalized financial service to clients, opened on February 16, 2007. FineMark’s headquarters is located in Fort Myers at the Riverwalk Medical Park off of College Parkway. The bank opened additional offices in the Brooks Town Center on Coconut Road in February of 2009 and at Shell Point in June of 2009.
Mr. Catti said, “We thank our clients, shareholders and the community for helping us achieve the $300 million dollar milestone. The many challenges faced by the financial services sector and local economy make this exceptionally remarkable. Reaching this asset level is a clear indicator of the community embracing our efforts to achieve our mission statement: Building extraordinary relationships by going above and beyond.”
FineMark is one of only three banks headquartered in Southwest Florida to receive a four star rating from Bauer Financial. The rating is indicative of the financial strength and stability of FineMark.
FineMark National Bank & Trust offers a comprehensive array of banking, trust, investment, and brokerage services to clients interested in establishing long term, high touch relationships. FineMark is dedicated to providing a culture of service to clients and making a positive difference in the communities it serves.