Subscribe to Florida Trend

NAVIGATION

May 27, 2018

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 digital 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

2018 Atlantic Hurricane Season Outlook
2018 Atlantic Hurricane Season Outlook

Dr. Gerry Bell, lead seasonal hurricane forecaster at NOAA’s Climate Prediction Center, and the rest of his team NOAA, are predicting an 75 percent chance that the 2018 Atlantic hurricane season will either be near-normal or above normal.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Do you think Florida's election systems are secure?

  • No
  • I have doubts
  • Yes

See Results

Ballot Box
Subscribe