Company Overview of Stonegate Bank
Stonegate Bank, together with its subsidiaries, provides a range of banking services to individual and corporate customers in Tampa, and Southeast and Southwest Florida. The company generates a range of deposit products and accounts comprising an array of checking account programs for individuals and small businesses, including money market accounts, certificates of deposit, IRA accounts, and sweep investment capabilities. Its loan portfolio consists of commercial loan products, such as commercial real estate construction and term loans; working capital loans and lines of credit; demand, term, and time loans; and equipment, inventory, and accounts receivable financing, as well as consumer lo...
400 North Federal Highway
Pompano Beach, FL 33062
Founded in 2005
Key Executives for Stonegate Bank
Chief Executive Officer, President, Director and Chairman of Executive Committee
Total Annual Compensation: $615.8K
Chief Financial Officer and Senior Vice President
Total Annual Compensation: $329.8K
Chief Operating Officer and Executive Vice President
Total Annual Compensation: $423.6K
Compensation as of Fiscal Year 2014.
Stonegate Bank Key Developments
Stonegate Bank Declares Quarterly Cash Dividend Payable on September 30, 2015
Sep 4 15
The Board of Directors of Stonegate Bank declared a quarterly cash dividend of $0.04 per share, payable on September 30, 2015. The September 30, 2015, dividend is payable to shareholders of record at the close of business on September 18, 2015.
Stonegate Bank Seeks Acquisitions
Jul 22 15
Stonegate Bank (NasdaqGS:SGBK) is seeking acquisitions. David Seleski, President and Chief Executive Officer, said, "Capital management in the future is going to be very important. I notice some of the analyst reports mention it might be time to look at that. We do have that on our Board agenda for August. But there's a fine balance between having enough capital to keep the regulators happy and for potential acquisitions, but also satisfying our shareholders in terms of return."
Stonegate Bank Announces Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2015
Jul 21 15
Stonegate Bank announced unaudited consolidated earnings results for the second quarter ended June 30, 2015. For the quarter, the company's net interest income was $21.7 million compared with $13.9 million a year ago. Income before income taxes was $9.5 million compared with $2.5 million a year ago. Net income applicable to common stock was $6.0 million or $0.46 per diluted share compared with $1.8 million or $0.18 per diluted share a year ago. Net operating income was $6.7 million or $0.53 per share compared with $5.5 million or $0.44 per share a year ago.
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