The announcement was made during a press conference on August 28th that was hosted by the bank at Vince Carter’s Restaurant. The proposed new location of the bank is on LPGA Boulevard between Wendy’s and Vince Carter’s. Intracoastal Bank Board of Directors and Management were present during the conference.
The new banking center will serve as Intracoastal Bank’s main office in Volusia County. This will be the most centrally located bank in the main urban corridor of Volusia County. “One of the reasons Intracoastal Bank was established was to provide financial support to local businesses and the community to enhance economic development”
Their plans include a new full service modernized banking center supported by state-of –the-art technology. The banking center will be about 9,000 square feet which will provide adequate capacity to support future increases in employment as the bank grows. Page estimates that initial employment will be approximately fifteen employees. “Our new Volusia location represents an important investment in human and financial resources,” said Page.
Intracoastal Bank’s lending division has been based out of Volusia County for the past two years. The lending group will move to the new banking center and continue to be headquartered in Volusia County. Rick Wells, Senior Lender for the Bank said that “combining a full service banking center with the lending center will further enhance the quality of service we are able to deliver to our clients along with increasing the Bank’s ability to invest in our surrounding communities.”
Intracoastal Bank, headquartered in Palm Coast, is Flagler County’s only locally owned and operated financial institution. Intracoastal Bank’s main banking center is located at 1290 Palm Coast Parkway, NW, Palm Coast, Florida 32137. The Bank’s Lending Center is located at 1659 N. Clyde Morris Blvd Ste 2, Daytona Beach, FL 32117. The Bank serves the Northeast and East Central Florida area. The bank offers a full range of deposit and loan products tailored to meet the needs of customers and the community. The bank is a state charted commercial bank, member FDIC. Intracoastal‘
Group Picture Participants During Press Conference: Left to right: Scott Crews-Bank Director, John Ferguson- Chairman Team Volusia and Managing Partner with Cobb Cole, Eric Garvey- BETNR Construction, Heather Garvey-BETNR Construction, Laurie Alves- Banking Center Manager, Cheryl Tanenbaum- Bank CFO, Bruce Page( standing right behind Cheryl Tanenbaum)- CEO, Marc Wooten- Keyes, Stange & Wooten CPA Firm, Dr. Pam Carbiener- Bank Director, Laura Gilvary- Bank Relationship Manager, Jerry Keyes- Bank Director, Larry McDermott- Bank Relationship Manager, Rick Wells- Senior Loan Officer, Richard Luce- Bank Portfolio Manager.