About Paradise Bank

A full services community bank serving Palm Beach and Broward Counties.

Paradise Bank is a result of the collective imagination of a group of highly successful business people with extensive local banking and business experience. The Founders of Paradise Bank raised $24,500,000 – one of the highest initial capital raised in the history of Florida – illustrating the community’s desire and need for a unique, state chartered bank that is also a Federal Reserve Member and FDIC insured. We have the capital to meet the needs of most businesses, state-of-the-art technology, and we have the veteran local bankers with the authority to act quickly and who genuinely enjoy helping their customers. Add to this, free ice cream in our lobbies as well as cookies and gourmet treats and you begin to get the flavor of what we are all about.

Paradise Bank offers an experience unmatched in the world of banking. You are greeted as a member of our family with warm smiles, a firm handshake and the promise of extraordinary levels of service. We believe that building long term economic value for clients is more important than building a bigger bank to be sold off to some even bigger out-of-state bank. Over the past two decades, our team of local bankers has known that our most important assets are comprised of our community, our loyal customers, and our devoted employees.

Our strategic plan for the bank is to remain small and focused on serving the needs of our customers. As a Subchapter S Bank we are committed to a long term presence, ensuring the continuation of the loyal relationships that led to our achieving $100 million in total assets in our first year of operation. Our long-term customers know our staff is extraordinary, and we have modeled our business to focus on serving the specific needs of our individual and corporate clients.

We passionately believe in giving back to community and keeping the deposits local to benefit our customers and our community. Over 80% of deposits in the State of Florida are now held by banks from outside of Florida. We keep your deposits right here in our home state where we work as vital members of our community. We are connected, involved and committed to making our community more prosperous and enjoyable.

Paradise Bank has created a club type atmosphere in a large luxurious private banking facility in Boca Raton housing all of our support staff in a comfortable and relaxed atmosphere. Two beautiful branch offices in Ft. Lauderdale and Delray Beach further enhance our service capabilities. Our strong local Board of Directors and Advisory Board are comprised of diverse, highly successful business leaders to ensure our ongoing commitment to serve our community and our pledge of excellence.

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Commercial & Real Estate Loans

Business Loans

From Small business loans to commercial real estate financing, we offer variety and flexibility to help businesses maintain a competitive edge.  Paradise Bank can provide the funding you need to help grow your business.

As experts in small and mid-sized business banking, Paradise Bank will take the time to thoroughly understand the financing needs of your business and, using this knowledge, develop a financing plan that maximizes your company’s strengths.

You will also benefit from direct access to our Senior Management and fast local decision making.

Commercial Real Estate

Over the past two decades in South Florida, our team of expert lenders are recognized as leaders in commercial real estate financing.

Let our expert staff work with you to establish a low interest loan for the purchase, refinance, improvement, or construction of commercial real estate, such as manufacturing facilities, warehouse space, and professional offices.

Construction Loans

Paradise Bank has lending programs for builders, developers and investors to secure acquisition, development, construction, and rehabilitation of all property types. Other lending programs include the improvement and rehabilitation of 1-4 and multi-family dwellings.

Paradise Bank is ready to assist your needs for loans for purchase, refinance, improvement, and construction of non-owner occupied facilities.

Business Lines of Credit

Our revolving lines of credit provide a flexible, dependable source of financing specifically geared to your fluctuating working capital needs. Your financing can be secured by negotiable instruments such as certificates of deposit and publicly traded securities, real estate, receivables, equipment, inventory, and other acceptable collateral.

Revolving Lines of Credit

Paradise Bank gives you access to additional funds when you need it—for unexpected purchases, for business expansion or to offset seasonal fluctuations in cash flow.

Equipment Loans

If you’re planning on replacing or adding equipment to your equipment inventory, Paradise Bank’s lending experts can help you determine which loan options meet your specific needs.

Homeowners and Condominium Association Loans

Over the past two decades of catering to the special needs of associations, we have developed in-house loan and deposit products designed to aid in the ease of managing any size of association.

Loans to Professional Associations

Our expert team is recognized for the speed and flexibility and use of “business sense” in catering to the specific needs of Professional Associations.