Jacksonville Bancorp, Inc. · Jacksonville, FL United States ·(NASDAQ (GM): JAXB)
Company Description
Phone: 904-421-3040
Fax: 904-421-3050
View Jacksonville Bancorp, Inc. Locations On A US Map
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This link will open in a new window Need to stow some greenbacks in Jax? Check out Jacksonville Bancorp, the holding company for The Jacksonville Bank, which has some five branches in Jacksonville, Florida. The community bank offers consumers and commercial customers standard deposit products, including checking and savings accounts, money market accounts, CDs, and IRAs. Commercial mortgages make up some 60% of the loan portfolio; agricultural mortgages account for another 30%. The bank also offers residential mortgages and business, construction, and consumer loans. Subsidiary Fountain Financial sells insurance and investment products. Jacksonville Bancorp is unrelated to the Illinois corporation of the same name. To read the full description, subscribe now.
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Key Jacksonville Bancorp, Inc. Financials
| Company Type | Public - NASDAQ (GM): JAXB Headquarters |
| Fiscal Year-End | December |
| 2009 Sales (mil.) | $26.7 |
| 2009 Employees | 58 |
Jacksonville Bancorp, Inc. Executives
20 executives listed for Jacksonville Bancorp, Inc.'s Jacksonville, FL location.
| Title | Name & Bio | Contact |
| Chairman | Donald Roller | Network |
| President, CEO, and Director; President and CEO, The Jacksonville Bank | Gilbert Pomar | Network |
| EVP and CFO; EVP and CFO, The Jacksonville Bank | Valerie Kendall | Network |
Competition
Competitive Landscape for Jacksonville Bancorp, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Jacksonville Bancorp, Inc. Competitors
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