FineMark Bank reaches $100 million in assets

FineMark National Bank & Trust has reached another major milestone as assets of the bank exceeded $100 million for the first time in September and stand at $111 million as of the close of the quarter. In addition, assets in the bank's trust department totaled $132 million as of Sept. 30.

"We are thrilled to have met this important milestone," said Joseph R. Catti, president and CEO of FineMark. "There has been tremendous enthusiasm in the community for a locally owned and managed, full-service banking and trust company. We have been very successful in building deep relationships with our clients."

Catti also reported the bank's loan portfolio contains no non-performing assets as of Sept. 30. The bank's Tier I Leverage Ratio is 30 percent, approximately five times the amount required under current banking regulations. Tier I capital and levels of non-performing assets are key indicators of a bank's financial stability.