Bancorp was incorporated under the laws of the State of Florida on October 24,
1997 for the purpose of organizing the Bank. Bancorp is a one-bank holding
company owning 100% of the outstanding shares of the Bank. Bancorp�s only
business is the ownership and operation of the Bank, which opened for business
on May 28, 1999. The Bank is a Florida state-chartered commercial bank, and its
deposits are insured by the FDIC. On November 16, 2010, Bancorp acquired
Atlantic BancGroup, Inc. (�ABI�) by merger, and on the same date, ABI�s wholly
owned subsidiary, Oceanside Bank, merged with and into the Bank. The Bank
provides a variety of community banking services to businesses and individuals
through its eight full-service branches in Jacksonville and Jacksonville Beach,
Duval County, Florida, as well as �online banking� through its virtual branch.
We offer a variety of competitive commercial and retail banking services.