BAC Florida Bank (FDIC certificate 21265) was established in 1973 and operates through 1 branch office located in FL. Mr. Frank Robleto, CEO of BAC Florida Bank, leads a team of 161 employees.
BAC Florida Bank, headquartered in Coral Gables, FL, is rated five stars for financial strength by BauerFinancial, Inc., the nation’s leading bank rating firm. As a general rule, a five star rating indicates, among other things, that BAC Florida Bank has at least twice the capital that regulators require, is profitable (or operating with a very small loss) and has kept its delinquent loans in check.
BAC Florida Bank is a state chartered commercial bank and not a member of Federal Reserve. With $2 billion in total assets, the FDIC classifies the bank’s asset concentration as "Mortgage Lenders" which is defined as institutions whose residential mortgage loans, plus mortgage-backed securities, exceed 50 percent of total assets.
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