NAVIGATION

August 30, 2016

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

VR Expert Weighs in On AMD Industry News
VR Expert Weighs in On AMD Industry News

Orlando-based virtual reality expert Richard Terrell weighs in on news that AMD, which employs 150 in Orlando, has been on a roll lately and why VR's emergence will help them.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Will you vote for Amendment 4 in the primary today? (Amendment 4 is titled, "Solar Devices or Renewable Energy Source Devices; Exemption from Certain Taxation and Assessment")

  • Yes
  • No

See Results

Ballot Box
Subscribe