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38 Florida Banks Stand Firm While Large US Financial Institutions Need
Bailout
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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.
Home Based
and Small Business Ideas
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May 19, 2009 ( PowerHomeBiz ) -
Tampa, FL -
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 www.fnbpasco.com
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