PARADISE BANK
BOCA RATON, FLORIDA

Paradise Bank, chartered in Florida and a member of the Federal Reserve System with FDIC insurance, was founded by prominent local business figures. Initially raised capital stood at $24.5 million, marking a significant investment among Florida's banking history for community-driven innovation. Serving both individual and corporate customers, Paradise Bank emphasizes strong community involvement, maintaining over 80% of deposits within Florida to support the local economy. The bank prides itself on exceptional customer service, modeled around creating long-term value rather than expanding through mergers. With a comprehensive asset base of $100 million just one year after its inception, the bank continues to maintain a small, focused operation under a Subchapter S status, emphasizing personal relationships and loyalty among staff, customers, and community. Headquartered in Boca Raton, with additional branches in Fort Lauderdale and Delray Beach, Paradise Bank is known for its unique customer experience. It provides an inviting atmosphere complemented by amenities like free ice cream, cookies, and gourmet treats. The facility ensures a luxurious private banking environment, promoting accessibility and comfort among customers. The bank's strategic direction underlines sustaining small-scale operations to meet specific community needs. Its board comprises diverse, accomplished business leaders who ensure the continuing commitment to community service excellence that defines Paradise Bank. Notable figures affiliated with the bank include James Comparato, with extensive real estate experience; David Dickenson, a seasoned attorney and former director of key institutions; and other distinguished professionals leading various strategic areas within the organization. Paradise Bank's mission is entrenched in fostering local development by nurturing trust and supporting community interests through responsible financial management.