Economic recovery and bank growth create perfect opportunity to expand Patriot Bank’s services in Palm Harbor and build its own branch office
Trinity, Fla. (July 23, 2014) – Patriot Bank, the west Pasco County-based community bank, has broken ground on a 2,130-square-foot branch office at 924 Alt. US 19 to replace its leased facility. The new building, with four offices and three teller windows will expand customer services with additional features such as a walk-up ATM, two drive-through lanes and safe deposit boxes.
“The original intent was to break ground on this building earlier but the 2008 recession slowed down construction plans. We are now seeing the return of economic health and are confident the time is right to place a permanent roof for Patriot Bank in the Palm Harbor community,” explained Patriot Bank President and CEO David B. Key.
Key added he is planning to also add an electronic reader marquis to announce community events reflecting the bank’s involvement with the surrounding Palm Harbor neighborhood. Patriot Bank currently has four branches: headquarters in Trinity, the Palm Harbor branch, a branch in New Port Richey and an office at Regency Oaks in Clearwater.
Patriot Bank’s steady growth resulted in its first profitable year in 2013 and 2014 looks even better. The Palm Harbor branch currently holds more than $14 million in deposits. ”Our capital position is strong,” stated Key. “We’re seeing continued results from our commitment to quality, customer service and community involvement. Client referrals constitute a large portion of our growing customer base,” added Key.
Locally-owned Patriot Bank opened in 2004 and has four branches. The bank provides a full range of financial services including secure and business banking services, online banking, loans and savings products for personal and commercial uses. The bank also offers boutique financing for smaller businesses, a courier service for non-cash transactions plus commercial real estate loans. For information visit https://www.patriotbankfl.com or call (727) 376-1776
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Mickey M. Liera