News Summary
Evermore Bank is relocating its only Palm Beach County branch from Wellington to 4550 PGA Blvd in Palm Beach Gardens. This move aims to enhance customer service and maintain the same range of services. With significant financial growth, CEO Steve Sanzone emphasizes the bank’s commitment to the local community. The new location, surrounded by other financial institutions, offers convenience to customers. Awaiting more details on the timeline, the bank’s transition is poised to deepen community ties and improve banking experiences for residents.
Exciting Changes Ahead for Evermore Bank in Palm Beach County
In the beautiful city of Palm Beach Gardens, a buzz of excitement is brewing as Evermore Bank gears up to relocate its only branch in Palm Beach County. Currently situated in Wellington at 12008 South Shore Blvd., Suite 208, the bank has officially filed an application with the U.S. Federal Deposit Insurance Corp to move to a new address at 4550 PGA Blvd. in Palm Beach Gardens.
A Move for Better Service
The bank believes this change will significantly enhance its ability to serve the already loyal customers in the area. They have assured patrons that the new branch will offer the same full range of services that existing customers are used to experiencing in Wellington. Customers won’t miss a beat; they can expect the same friendly faces and helpful service!
About Evermore Bank
Evermore Bank opened its doors in Wellington just last year, marking it as the bank’s second location outside of its Fort Lauderdale headquarters. Launched in 2022, the bank is co-founded by CEO Steve Sanzone, who has a solid background in the banking industry. With experience co-founding Stonegate Bank – which was acquired by Centennial Bank in 2017 – and leading operations for Marquis Bank and Grove Bank & Trust, Sanzone brings a wealth of knowledge to Evermore Bank.
Financial Growth
Evermore Bank has made impressive strides within a short amount of time. As of December 31, 2024, the bank reported a healthy $196.1 million in assets, with nearly $140 million in loans and approximately $155.4 million in deposits—numbers that tell a story of strong community support. In fact, the bank raised a whopping $29.15 million in private capital from around 300 shareholders, with an impressive 90% coming from the local community, highlighting their commitment to serving the residents of Palm Beach County.
Strategic Location
The new site on PGA Boulevard is an ideal spot, nestled among a lineup of well-established financial institutions including Anchor Bank, Bank of America, JPMorgan Chase, PNC, Truist, and Wells Fargo. This strategic location will make it easier for both existing and new customers to access banking services in a convenient area that’s already buzzing with financial activity.
What’s Next?
While the excitement builds around this relocation, it seems there’s still a lot to be learned. As of now, CEO Sanzone hasn’t provided any immediate comments regarding the branch’s move, leaving residents eagerly awaiting more information about the timeline and any potential opening events. However, one thing is for sure: this transition aims to better serve customers and deepen the bank’s roots in the community.
Your Community Bank
For those in Palm Beach County, Evermore Bank symbolizes a commitment to local banking, with values centered on community involvement and customer dedication. The transition to Palm Beach Gardens is just one more step in their journey to becoming a household name in the financial landscape of Florida. Keep an eye out for any updates, and if you’re a customer, get ready for an even better banking experience!
Deeper Dive: News & Info About This Topic
- Wellington International News
- Wikipedia: Palm Beach Gardens
- Wellington International Press Releases
- Google Search: Evermore Bank
- Wellington International Evermore Bank Announcement
