Question 1

What is Sunrise Bank?

Accepted Answer

Sunrise Bank is a community-oriented commercial bank based in Orlando, Florida, specializing in commercial and business banking services. With approximately $609 million in total assets and 4 branch locations across Central Florida, the bank focuses on providing personalized banking services with an emphasis on relationship banking rather than transactional services.

The bank operates as a state-chartered commercial bank with FDIC insurance and has established itself as a business-first institution serving the Orlando-Kissimmee-Sanford metropolitan area. Sunrise Bank is part of Sunrise Bancshares Inc. holding company and employs approximately 60 banking professionals.

Question 2

When was Sunrise Bank founded?

Accepted Answer

Sunrise Bank was founded on August 1, 2005, and incorporated on May 27, 2005. The bank was established by a group of experienced banking professionals and local business leaders in Central Florida who sought to create a community bank focused on personalized customer service and business relationships.

Among its founding directors was Michael H. Erdman, a veteran businessman in Brevard County with over 30 years of experience. The bank was built with the vision of providing an alternative to large national banks by emphasizing local decision-making, personalized service, and deep community connections.

Question 3

Where is Sunrise Bank headquartered?

Accepted Answer

Sunrise Bank is headquartered at 109 E Church St, Suite 100, in downtown Orlando, Florida, 32801. The downtown Orlando location serves as both the headquarters and a full-service branch, offering drive-through service and personalized customer support in the heart of the city's business district.

Question 4

Where does Sunrise Bank operate?

Accepted Answer

Sunrise Bank operates exclusively in Central Florida with 4 branch locations serving Orange and Brevard counties. The bank's locations include downtown Orlando (headquarters), Cocoa Beach (featuring a Key West-style building), and Ormond Beach off Granada Boulevard.

The bank primarily serves the Orlando-Kissimmee-Sanford metropolitan statistical area, one of Florida's largest and fastest-growing economic regions. Through its innovative mobile banking services, Sunrise Bank extends its reach throughout its service area to meet customers where they do business.

Question 5

What services does Sunrise Bank offer?

Accepted Answer

Sunrise Bank offers a comprehensive range of banking services tailored primarily to business and commercial clients, including:

Business Banking: Business checking and savings accounts, commercial loans, commercial real estate financing, and lines of credit. The bank maintains a strong focus on commercial and industrial lending, with approximately $84 million in commercial and industrial loans and $388 million in real estate-secured loans.

Personal Banking: Personal checking and savings accounts, residential mortgages, health savings accounts, and retirement accounts.

Digital Services: Business online banking platforms, mobile wallet compatibility, online calculators, and digital account management tools.

Specialized Services: The bank is the first in Florida to offer "At Your Door Business Banking" through a fully armored "bank on wheels" that travels to business locations to conduct banking transactions, providing unparalleled convenience for commercial clients.

Question 6

What makes Sunrise Bank unique?

Accepted Answer

Sunrise Bank distinguishes itself through several innovative and customer-focused features that set it apart from traditional banks:

Mobile Banking Innovation: As the first bank in Florida to offer "At Your Door Business Banking," Sunrise Bank operates a fully armored mobile banking unit that travels directly to business locations, allowing companies to conduct their banking needs on-site.

Relationship-Focused Approach: The bank emphasizes personal relationships over transactional banking, with branch managers and staff who recognize customers by name and provide individualized service. Many customers report never being asked for identification at the teller line due to the personal relationships built with staff.

Community Engagement: Sunrise Bank maintains strong ties to the Central Florida community, particularly serving seniors and small business owners with personalized attention. The bank has been recognized as an Approved Vendor by OurSeniors.net Magazine for its commitment to serving the senior community.

Experienced Leadership: Led by President and Director Barry R. Griffiths, who previously served as CFO of Seaside National Bank & Trust (which grew to over $2 billion in assets), the bank benefits from decades of combined banking experience among its leadership team and board of directors.

Strong Financial Performance: The bank maintains healthy financial metrics with a Return on Assets (ROA) of 1.27% and Return on Equity (ROE) of 15.22%, demonstrating effective management and profitability.

Question 7

What type of financial institution is Sunrise Bank?

Accepted Answer

Sunrise Bank is a State Commercial Bank chartered under Florida state law and regulated by the FDIC. As a commercial bank, it specializes in serving business clients while also offering retail banking services to individuals.

The bank operates as an S-Corporation for tax purposes and is not a member of the Federal Reserve System. Its commercial lending specialization is evident in its loan portfolio composition, which heavily emphasizes commercial real estate and commercial and industrial loans, reflecting its business-first banking philosophy.

As a community bank, Sunrise Bank combines the personalized service and local decision-making authority of a smaller institution with the full range of products and services expected from a modern commercial bank.

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About Sunrise Bank in the United States