Locality Bank Surpasses $100 Million in Bank Assets

FORT LAUDERDALE, FL, September 13, 2022 – Locality Bank, a digital-first community bank that launched in Fort Lauderdale, Florida on January 12, 2022, is pleased to announce it has accumulated more than $100 Million in bank assets in less than eight months.

The first community bank to open in 10+ years in South Florida, Locality Bank was built on the premise that local depositors fund local lending. Locality Bank’s digital-first platform and high-yield accounts, supported by business finance experts who are local to the community, allows the bank to provide much needed capital to help local businesses grow and maximize their potential.

“Hitting the $100 Million milestone is a testament of the support and strong relationships we have built here, in this community, with our clients, investors, and stakeholders,” said Drew Saito, Co-Founder and Chief Lending Officer of Locality Bank. “As we grow, our clients grow, and we are excited to continue to empower our local businesses and communities to do more and succeed.”

In partnership with Nymbus, the bank’s online platform was custom-built on a secure cloud-native core banking system with an open API architecture that supports its objective for delivering the technological resources and enhanced financial tools that local businesses deserve to have access to.

“We’ve taken a fresh approach to community banking that has been underserved for far too long,” said Corey LeBlanc, Locality Bank Co-Founder and COO/CTO. “The technology we have in place enables us to be hyper-focused and adjust on the fly to best serve our customers.”

Renovations of Locality Bank’s headquarters (1400 South Andrews Avenue, Fort Lauderdale) are estimated to be complete in Fall 2022. The digital-first community bank is currently operating out of General Provision’s Downtown Fort Lauderdale location (300 SW 1st Ave., Suite 155, Fort Lauderdale).

To stay up to date on Locality Bank’s growth,visittheir LinkedIn page at linkedin.com/company/locality-bank/.

About Locality Bank

Locality Bank is a digital-first community bank based in Fort Lauderdale, Florida. The bank serves local businesses by offering the traditional services of a community bank as well as user-friendly, cutting-edge technology. To learn more, contact Locality Bank by calling 954-799-0900, visiting https://www.localitybank.com or via email at info@localitybank.com. You can also follow Locality Bank on Facebook, Twitter, LinkedIn and Instagram.

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