March 29, 2017 12:17 AM ET

Banks

Company Overview of Stonegate Bank

Company Overview

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‘s deposit products include interest-bearing checking accounts, money market accounts, and term certificates with money market accounts. 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 loan products, including home equity lines of credit, second mortgages, new and used auto loans, new and used b...

400 North Federal Highway

Pompano Beach, FL 33062

United States

Founded in 2005

303 Employees

Phone:

954-876-2300

Fax:

954-876-2304

Key Executives for Stonegate Bank

Chief Executive Officer, President and Director
Age: 51
Total Annual Compensation: $782.9K
Chief Financial Officer and Senior Vice President
Age: 60
Total Annual Compensation: $404.3K
Chief Operating Officer and Executive Vice President
Age: 66
Total Annual Compensation: $514.1K
Compensation as of Fiscal Year 2015.

Stonegate Bank Key Developments

Stonegate Bank, Home Bancshares, Inc. (Conway, AR) - M&A Call

To discuss the definitive agreement and plan of merger for Home to acquire Stonegate

Stonegate Bank Declares Quarterly Cash Dividend, Payable on March 31, 2017

The Board of Directors of Stonegate Bank declared a quarterly cash dividend of $0.08 per share, payable on March 31, 2017. The March 31, 2017, dividend is payable to shareholders of record at the close of business on March 17, 2017.

Stonegate Bank Announces Unaudited Consolidated Earnings Results for the Fourth Quarter Ended December 31, 2016

Stonegate Bank announced unaudited consolidated earnings results for the fourth quarter ended December 31, 2016. For the quarter, the company reported net interest income of $26,644,000 against $21,442,000 a year ago. Income before income taxes was $12,203,000 against $11,314,000 a year ago. Net income applicable to common stock was $8,996,000 or $0.62 per diluted share against $7,264,000 or $0.56 per diluted share a year ago. Net interest income (tax equivalent) was $27,090,000. Net operating income was $8,860,000 or $0.62 per share.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 27, 2017
--
Merger/Acquisition
August 24, 2016
Insignia Bank
Merger/Acquisition
April 26, 2016
Regent Bancorp, Inc.
 

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