July 28, 2015

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

A look at Magic Leap's
A look at Magic Leap's

At Magic Leap, a startup company near Fort Lauderdale, their augmented reality technology may seem cutting-edge to some, but for them, it's just another day in the office. For more about Magic Leap, access Florida Trend's August cover story, here.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

How concerned are you about consolidation between major health insurance companies?

  • Very concerned, an oligopoly can't be good
  • Somewhat concerned, waiting to see how this will impact my plan
  • Not concerned, doesn't impact me

See Results

Ballot Box
Subscribe