Company Profile
- Founded in 2007, FineMark Holdings, Inc. (OTCQX: FNBT or “the company”), through its subsidiary, FineMark National Bank & Trust (“the bank” or “FineMark”), offers traditional banking services, including a sizable trust and wealth management business, catering to high-net-worth clients seeking long-term, high-touch fiduciary and banking relationships.
- Headquartered in Fort Myers, FL, the bank currently operates 14 banking offices in relatively affluent areas of Florida, Arizona, and South Carolina.
- The loan portfolio is concentrated in first-lien, large residential real estate lending, which has consistently represented more than 50% of loans; various commercial loans comprise the remainder of the loan portfolio.
- The bank’s trust and investment management businesses perennially constitute 25%-30% of revenue. Total AUA as of 1Q24 was $7.4 billion.