The Jacksonville Bank Rates & Review

The Jacksonville Bank Review

For more than a decade, The Jacksonville Bank has provided community banking services to individuals and business customers in Jacksonville, Florida and the surrounding area.

The Jacksonville Bank opened in April 1999 and has expanded its services to five branch locations and online. The bank has $452 million in assets (as of the second quarter of 2010) and includes an array of financial services beyond traditional bank accounts, including insurance and personal trust and investment services.

The bank earned Jacksonville's 2007 United Way "Small Business of the Year" award, and Bauer Financial rates the bank with a 3.5-star, "good" rating.

Financial products

The Jacksonville Bank can choose between a free checking account or a checking account that earns interest.

For savings, customers can choose a savings account, a money market account, a certificate of deposit (CD) or an IRA.

Although accounts can easily be accessed online once activated, all accounts must be opened in person at a bank branch.

Financial services

In addition to insurance, investment and personal trust services, the bank offers business banking services. Individuals apply for auto, boat and mortgage loans and lines of credit and a credit card.

The Jacksonville Bank offers online banking and bill paying to all customers free of charge. Customers can transfer funds, check account balances, pay off loans and pay bills outside the bank 24 hours a day.

Deposit insurance

The Jacksonville Bank has been insured by the Federal Deposit Insurance Corporation since the bank's founding in 1999.

In July 2010, FDIC coverage for eligible deposits was permanently increased from $100,000 to $250,000 per depositor. Joint accounts are insured by FDIC up to at least $250,000 per account holder.

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