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News Release
THE BANK OF TAMPA REACHES $1 BILLION MILESTONE
In 1984, a group of local investors purchased a bank with $48 million in deposits near St. Joseph’s Hospital. With the vision of becoming Tampa’s bank, the new owners changed the bank’s name to The Bank of Tampa. Their desire was to offer a high level of personal service to the city’s professionals and owner-managed businesses.
We are honored to report that as of June 30, 2011, without acquisitions or mergers, The Bank of Tampa’s assets reached more than $1 billion. The bank’s capital was $4 million in 1984, and since that time, has grown to $86 million without any additional investment by shareholders and without government capital assistance.
The Bank of Tampa has been profitable every year since first opening in 1984 and is one of the most respected banks in the Florida banking community. As we prepare for the future, we continue to be focused on our mission of making our organization a good place to work; continually improving our already exceptional levels of personal service; rewarding our shareholders over time; and increasing our support of the community.
With the vision of becoming Tampa’s bank being fulfilled over the past 27 years, we are very proud to have reached this milestone. But we could not have done this without our clients. And so most importantly, we would like to thank the local business and professional community for helping us become a $1 billion bank – one client at a time.