brannen bank

You can be a happier customer of Brannen Bank after taking their full financial solution for your money management. This community bank comes with lots of opportunities and solutions for the people who want to achieve financial goals within a short time.

This is the place where everyone can get their financial product with the best rate and lowest charges. From Savings to CDs, every type of product is available.

It doesn’t matter when you need these services, just knock on their customer care service and get what you need. They ensure a hassle-free banking experience for everyone. Let me explain it in detail.

What is Brannen Bank?

Community Bank is an old concept in banking history. But this concept drives many people to establish financial organizations to support and fulfill financial needs through products and services.

Brannen Bank is one of them that was established in 1926.  This is the 37th largest bank in the state of Florida and the 1236th largest bank in the nation. Now its headquarter is in Inverness. They’ve come to offer us a different banking experience.

Besides, this bank is still trying to be better in services and products. Their energetic management along with the team are continuously working on it to keep their client happy.

They are focused on serving individuals and businesses and increasing their service range for different communities.

Picture: Homepage of Website
Picture: Homepage of Website

What Is Their Health grade Component?

A community bank must be strong organizationally. Based on their assets, deposits, loans, and financial status, a client can understand how strong the bank is to secure their money from some future incident.

Now come to the point. This bank is also comparatively doing well in all these financial and organization parameters. Do you want to know them? Check it out from below.

ParticularsRemarks
WebsiteBrannenbanks.com
Headquarter LocationInverness, FL, United States
Founded1926
Number of Employees51 to 200
IndustryBanking
Operating StatusActive
Company TypeFor-Profit
FDIC Certificate5676
Primary RegulatorFDIC
Return on Assets – YTD1.27%
Return on Equity – YTD24.39%
Annual Interest Income$13.8 MM
Capital$38.47 MM

Assets and Liabilities:

ParticularsQ3 2021Q3 2020
Assets$768.6MM$631.0MM
Loans$286.4MM$302.1MM
Deposits$728.5MM$589.4MM
Equity Capital$39.7MM$40.5MM
Loan Loss Allowance$2.9MM$3.2MM
Unbacked Noncurrent Loans$2.1MM$2.0MM
Real Estate Owned$0$0

What Are Their Current Products and Services for The Community?

Without offering different and effective financial products, a community bank cannot stay for long in the race. So, they must come with all the products that people in the community want to manage their money.

This one is also given some contemporary financial services and products. Still, they are trying to add more products and services to their product line. Take a quick look at their services and products below.

Personal Banking:

  • Savings
  • Personal Checking
  • CDs
  • Digital Banking Help
  • Resources

Commercial Banking:

  • Commercial Checking
  • Treasury Management
  • Resources

Lending:

  • Home Mortgage
  • Commercial
  • Consumer Loans             

Treasury Management:

  • Remote Deposit Capture
  • Mobile Remote Deposit Capture
  • ACH Origination
  • Online Wires
  • Payroll Direct Deposit Services
  • Positive Pay
Picture: Bank offers a variety of options
Picture: Bank offers a variety of options

Reason To Bank With Brannen Bank:

There are many reasons for banking with Brannen Bank. Yes, they know how to make their clients happy. For that purpose, their service policies also become liberal for everyone. Let’s see what the good side of this bank is.

  • Offer Personalized Checking option.
  • Help to meet the unique financial needs of the clients.
  • Have energetic, knowledgeable, and friendly banking staff.
  • Easy to customize the need based on the services.
  • Convenient banking for everyone.
  • Easy to manage money from any corner of the world.
  • Offer online and mobile banking.
  • Easy to track transactions like bill pay, receive, and payment.
  • eStatement
Picture: Mobile App
Picture: Mobile App

What Are The Difference Between Free Checking and Brannen Banker Plus?

After deep research, we found that most of the people look for the two different types of services of this bank.

One is free checking and another one is a Brannen Banker Plus. But people don’t have a clear concept about these two products. We mentioned a few key information about these. Have a glance at them.

ParticularSimply Free CheckingBrannen Bank Plus
Minimum Opening Deposit$50$50
Maintenance Fee$0$10
Minimum Balance to Avoid Monthly Maintenance FeeN/A$2,500 Combined Average Daily Balance of All Personal Deposit Accounts
ChecksAvailable (Cost Varies based on Style)Free Brannen banker Plus Single Wallet Style Checks or 50% off Any Other Wallet Style
InterestN/AYes
Sweep Automatic TransferYesYes
Debit CardFreeFree
Online BankingFreeFree
Mobile BankingFreeFree
Brannen Bank ATM AccessFreeFree
Non-Brannen Bank ATM AccessFree at Presto Network ATMsFree at Presto Network ATMs

What is the location of All Branches of Brannen Bank?

Brannen Bank has branches in different locations. They are still opening new branches. If their branch is located in your neighborhood, then just find out the zip code and try to find the branch through it. Remember all of the zip codes are different.

Picture: National Rate Average
Picture: National Rate Average

Conclusion:

A friendly community Bank can change the whole community, based on financial services. Brannen Bank has a different motto for it. They are changing their operating style following the demand of their consumer.

People will feel free to talk to customer representatives if they face any problem with daily banking. Now their CD, checking, savings, and other services are getting a better rating from the client.

This is a good sign for this type of old but rising community bank. If you need hassle-free banking with minimum time, then this bank could be your best choice. It will give you a hometown feel for every type of financial service.

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