September 19, 2014

Business Profile

Five Flags Banks

The conservative Pensacola banks are among Florida's highest-rated.

Charlotte Crane | 2/15/2012

In over 30 years, the three banks of Pensacola's Five Flags Banks group — Bank of the South, Warrington Bank and First Navy Bank — have foreclosed on only one loan among them.

"We're pretty conservative," says Marilyn Hess, chairman of Warrington Bank and daughter of the late Charles P. Woodbury, who founded the banks between 1952 and 1973. "Our responsibility is not to get people in trouble, but to make sound and secure loans that borrowers have the ability to repay."

The banks consistently are among Florida's highest-rated, with two Bauer five-star ratings and one four-star. They're community banks. "We have older customers that come in every day to balance their checkbooks," says Hess.

This year, Five Flags will establish a niche downtown, where it has purchased a corner on Main Street for a First Navy branch.

Tags: Banking & Finance, Northwest

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Epcot's executive chef showcases what's new for Food & Wine Fest 2014
Epcot's executive chef showcases what's new for Food & Wine Fest 2014

Jens Dahlmann, Executive Chef of Epcot Food & Beverage at Walt Disney World Resort, talks about each of the new dishes to be featured at the 2014 edition of the Epcot International Food & Wine Festival.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Who gets your vote for governor - Scott or Crist?

  • Rick Scott
  • Charlie Crist

See Results

Ballot Box
Subscribe