Total Bank
| Privately Owned | |
| ISIN | 🆔 |
| Industry | Banking, Financial services |
| Founded 📆 | Miami, Florida, U.S. |
| Founder 👔 | |
Area served 🗺️ | Miami-Dade County, Florida, U.S. |
Key people | Jorge Rossell, Chairman & CEO Jay Pelham, President |
| Total assets |  US$2.9 billion (2017) |
| Members | |
Number of employees | Over 300[1] |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Total Bank is a U.S. community bank headquartered in Miami, Florida with over $2.9 billion in assets. Founded in 1974, TotalBank was acquired by Spanish-owned Banco Popular Español in 2007 [2], after which Banco Popular Español was acquired by Banco Santander in 2017. Today, TotalBank, a FDIC Member[3], is a principal American subsidiary of Banco Santander with 18 full-service locations throughout South Florida and over 300 banking professionals. Its services include personal banking, business banking, lending, international banking, wealth management, and complete online banking services.
History[edit]
TotalBank was founded in 1974 in Miami, Florida.
From 1996 to 2007, Adrienne Arsht served as Chairman of the Board of TotalBank. In that time, TotalBank grew from four locations to 14 with over $1.4 billion in assets.[citation needed]
In July of 2007, it was announced that TotalBank would be purchased by Spanish-owned Banco Popular Español for $300 million.
In October of 2014, TotalBank moved its corporate headquarters to the iconic Miami Tower located in Downtown Miami. The 47-story tower is known for its rainbow 1.5 million-dollar LED system installed to its exterior. It is currently the 8th tallest building in Florida.[4]
In June of 2017, Banco Popular Español was purchased by Banco Santander.
In October of 2017, TotalBank closed a multi-million-dollar loan to refinance an assemblage of retail properties in Miami’s Allapattah neighborhood.[5]
Awards and recognitions[edit]
TotalBank has been recognized for over 20 fiscal quarters as a five-star bank by Bauer Financial[6], the highest rating for financial health.[7]
In June of 2016, TotalBank was ranked among the Top 2016 Healthiest Banks in the US as part of the Health & Stability ratings.
In November of 2016, TotalBank was recognized by banking.com for educating the community with a blog post. The post addressed the four considerations for banking leaders concerned about cybersecurity.[8]
In April of 2017, TotalBank announced its relationship with world-renowned pop artist Romero Britto.[9]. In July of 2017, Totalbank was recognized for offering transportation services to its employees.[10]
References[edit]
- ↑ Florida banks are getting healthier, report says
- ↑ Spain's Banco Popular to buy U.S. TotalBank for $300 mln
- ↑ Federal Deposit Insurance Corporation
- ↑ Miami Tower changes colors instantly with new LED lights
- ↑ TotalBank finances retail redevelopment in Allapattah sparking neighborhood renewal
- ↑ BauerFinancial Star Ratings
- ↑ Florida banks are getting healthier, report says
- ↑ 4 considerations for banking leaders concerned about cyber security
- ↑ Iconic Pop Artist Romero Britto Turns to TotalBank for Multi-Faceted Banking Solution
- ↑ Firms join in public transportation move with rides, credits
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