What Anchor Bank does

Anchor Bank is a privately held community bank founded in 2005 and headquartered in Palm Beach Gardens, Florida, providing a full range of consumer and commercial banking services across South Florida. The bank operates six physical banking centers spanning Palm Beach, Broward, and Miami-Dade counties — Palm Beach Gardens (headquarters), Boca Raton, Coral Gables, Lake Worth, and Hallandale Beach — delivering in-person relationship banking alongside digital channels. Its customer base is segmented across individual consumers, small business owners, commercial borrowers, homeowners associations and property management firms, government and public entities, and non-resident aliens requiring U.S. property financing.

The product portfolio is organized into personal banking (four checking tiers, savings suite including money market, CDs, Junior Savings, IRAs, personal loans, HELOCs, and two personal credit cards), business banking (five checking accounts, IOTA for attorneys, business savings, a full commercial lending suite including CRE, construction, SBA, A/R financing, business lines of credit, HOA loans, and an NRA loan program, plus two business credit cards and a purchasing card), and specialized services (HOA Lockbox, Remote Deposit Capture, FinCEN Beneficial Ownership Reporting). Digital channels include Online Banking, Mobile Banking (iOS/Android), Digital Wallet (Apple Pay, Google Pay, Samsung Pay), and Zelle for both personal and small business use. Wealth management is delivered through the Anchor Securities sub-brand in partnership with OSAIC Institutions Inc.

The revenue model is standard for community banking: primary income from net interest spread on loans (business, CRE, personal, credit card) and deposit funding, supplemented by transaction and account fees (maintenance, per-check, credit card annual and transaction fees), interchange, and revenue-sharing from investment products through the OSAIC partnership. Go-to-market is direct-to-consumer via the branch network, relationship managers, mobile app, and website. The bank is FDIC-insured and in May 2026 executed an FDIC-assisted purchase-and-assumption transaction acquiring Community Bank & Trust – West Georgia ($288.2M in assets, $268M in deposits), which expanded its footprint into Georgia — the second U.S. bank failure resolved by this mechanism in 2026. Technology stack is commodity commercial banking infrastructure with integrations to standard payment rails and accounting software (QuickBooks, Quicken, Excel).

Name

Anchor Bank

Legal name

Anchor Bank

Website

https://anchorbank.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

251–500 employees

Short description

Anchor Bank is a privately held Florida-based community bank offering consumer and commercial banking, lending, HOA lockbox services, and wealth management through six South Florida branches and digital channels, recently expanded into Georgia via an FDIC-assisted acquisition.

Ownership category

akta.pro rank

Headquarters

HQ city

Palm Beach Gardens

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Interest Income: Primary revenue from interest earned on loans including business loans, commercial real estate loans, personal loans, and credit cards
2. Deposit Taking: Accepting deposits from individuals and businesses, using funds for lending activities and generating spread income
3. Bank Acquisition: Acquiring failed banks from FDIC, assuming their deposits and branches to expand customer base and market presence
4. Credit Card Fees: Annual fees, transaction fees, and interest charges from credit card products including business and personal cards
5. Account Fees: Monthly maintenance fees, per-check charges, and other account service fees on business and personal checking/savings accounts
6. Investment Services: Revenue sharing from investment products and services offered through partnership with OSAIC Institutions Inc. including mutual funds, annuities, and insurance products

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Anchor Bank is a privately held Florida-based community bank that delivers a full suite of consumer and commercial banking products through six South Florida branches and digital channels. Its core offerings include personal and business checking and savings accounts, certificates of deposit and IRAs, personal and commercial lending (including SBA, commercial real estate, HOA, and non-resident alien loans), business and personal credit cards, remote deposit capture, HOA lockbox services, FinCEN Beneficial Ownership reporting, digital wallet support, Zelle P2P/B2B payments, and wealth management through the Anchor Securities brand in partnership with OSAIC Institutions Inc.

Product overview

Anchor Bank is a Florida-based community bank offering a comprehensive suite of banking products across personal, business, and wealth management segments. The product portfolio is organized as a multi-channel, multi-segment offering rather than a unified software platform. Personal banking encompasses four checking account tiers (Sailing, Worldwide Sailing, Anchors Aweigh, Maritime Sailing), a savings suite including money market, traditional savings, CDs, Junior Savings, and IRA, plus personal loans (lot/construction, HELOC, personal loans) and two personal credit cards (Platinum and Cash Back variants). Business banking provides five checking accounts (Premier Sailing Business, Foreign Business, Small Business, Public Funds, Business Interest), IOTA for attorneys, two business savings products, a full lending portfolio (Business Loans, CapitalExpress A/R Financing, SBA loans, Commercial RE, HOA Loans, Warehouse Lines, NRA Program), two business credit cards (Platinum, Cash Back) with a Purchasing Card add-on, Lockbox Services for HOAs, Remote Deposit Capture, and Beneficial Ownership Reporting. Digital channels include Online Banking, Mobile Banking, Digital Wallet (Apple Pay, Google Pay, Samsung Pay), and Zelle for Small Business. Wealth management is delivered through Anchor Securities in partnership with OSAIC Institutions Inc.

Differentiator

Problem solved

Functional benefit

Brands

• Anchor Securities: Wealth management and investment services offered through partnership with OSAIC Institutions Inc., member FINRA/SIPC. Provides mutual funds, structured CDs, stocks, bonds, REITs, college savings plans, retirement plans, annuities, and insurance.
• Anchor Bank Business

Products and services

• Premier Sailing Business Checking Hassle-free business checking account with no minimum balance, no monthly maintenance fees, and no per-check charges, including free Business e-Banking, Remote Deposit Capture, e-Statements, and a MasterCard business check card. $100 minimum deposit to open.
• Foreign Business Account Business checking account designed for international businesses to transact with U.S. customers without managing foreign currency and exchange rates, requiring a $100,000 minimum deposit. $25 monthly maintenance fee if balance falls below minimum.
• Small Business Checking Business checking account for lower-volume businesses with a $15 monthly maintenance fee waived if average daily balance stays above $1,500; 150 free checks per statement cycle.
• Public Funds Account Specialized checking account for school districts, municipalities, counties, and other public entities with tailored banking support.
• Business Interest Checking Interest-bearing business checking account for sole proprietorships, nonprofit organizations, and state and local governments with lower volume activity; 150 free checks per statement cycle.
• Interest on Trust Account (IOTA) Checking account for attorneys and legal professionals that keeps client funds in a separate account while automatically remitting earned interest to the Florida Bar Association monthly.
• Premium Money Market Account (Business) Business money market savings account offering daily interest compounding and monthly crediting, with $2,500 minimum deposit and easy access to funds.
• Business Savings Account Traditional business savings account earning competitive interest with a $6 monthly service charge if average daily balance falls below $500.
• Business Loans Commercial lending portfolio including Business Loans, Commercial Real Estate Loans, Commercial Construction Loans, Real Estate Secured Loans, Business Lines of Credit, HOA Loans, Warehouse Lines of Credit, and SBA loans.
• CapitalExpress Accounts Receivable Financing Standalone accounts receivable financing product enabling businesses to access capital based on outstanding receivables, supporting cash flow management and business growth.
• Non-Resident Alien (NRA) Loan Program Specialized loan program for non-resident aliens providing banking and lending solutions for non-U.S. citizens and residents.
• Platinum Business Credit Card Business credit card with no annual fee, competitive APR (Wall Street Prime Rate + 12.00%), Visa Zero Liability protection, and 24/7 expense management via SpendTrack.
• Cash Back Rewards Business Credit Card Business credit card with $79 annual fee offering 1% cash back on all qualifying purchases up to $100,000 annually, with APR of Wall Street Prime Rate + 10.00%.
• Business Purchasing Card Corporate purchasing card with expense management capabilities including merchant category code restrictions, real-time spending visibility, spend limit controls, and cash back rebates on all purchases.
• Lockbox Services for HOAs Local lockbox service for homeowners associations staffed by dedicated experts; processes lockbox transactions locally with free service for accounts maintaining compensating balances, including ACH services, daily balancing reports, and deposit delivery.
• Remote Deposit Capture Electronic check deposit service enabling businesses to scan and remotely transmit checks from their office for clearing, eliminating bank trips and improving cash flow and receivables management.
• Beneficial Ownership Reporting (FinCEN BOI) FinCEN-compliant beneficial ownership information (BOI) reporting service assisting business customers in filing mandatory BOI reports with FinCEN within required deadlines.
• Sailing Account (Personal Checking) Hassle-free personal checking account with online banking, mobile banking with mobile check deposit, e-Statements, and MasterCard debit card.
• Worldwide Sailing Account Personal checking account for international clients requiring a $20,000 minimum deposit, with a $25 monthly maintenance fee if balance falls below that threshold.
• Anchors Aweigh Account Interest-earning personal checking account requiring $500 minimum deposit and $2,500 average daily balance, with a free small safe deposit box for the first year; $15 monthly fee if below minimum.
• Maritime Sailing Account Personal checking account tailored for customers age 50 and older, earning interest on the entire balance with free basic style checks, a free small safe deposit box for the first year, free cashier's checks, and free notary service.
• Premium Money Market Account (Personal) Personal money market savings account with daily interest compounding, monthly crediting, and a $15 monthly maintenance fee if average daily balance falls below $2,500.
• Personal Savings Account Traditional personal savings account earning interest with a $6 monthly service charge if average daily balance falls below $500.
• Certificates of Deposit Fixed-rate time deposit accounts with terms ranging from one month to five years, offering higher interest rates than regular savings.
• Junior Savings Account Savings account for individuals under 18 years of age with a $10 minimum deposit to open.
• Individual Retirement Account (IRA) Traditional IRA savings product for retirement planning with a $1,000 minimum to open and fixed interest rates for the selected term paid monthly.
• Personal Loans Personal lending solutions including lot and construction loans, home equity lines of credit, and general personal loans for planned opportunities or additional financial flexibility.
• Platinum Personal Credit Card Personal credit card with 0% introductory APR for 7 billing cycles, then 16.75% APR, $35 annual fee, and no cap on 1% cash back on qualifying purchases; balance transfer fee of $5 or 3% whichever is greater.
• Cash Back Rewards Personal Credit Card Personal credit card with 0% introductory APR for 7 billing cycles, then 14.75% APR (Wall Street Prime Rate + 8.00%), $35 annual fee, and 1% cash back on all qualifying purchases with no cap.
• Online Banking Business and Personal Online Banking platform providing 24/7 account access including real-time balances, transaction history, transfers between accounts, bill payment, e-Statements, email/text alerts, ACH and wire services (Business), and Zelle integration (Personal).
• Mobile Banking Mobile banking app for smartphones and tablets offering real-time balance checking, fund transfers, bill payment, mobile check deposit, ATM locating, debit card management, fingerprint/Face ID login, and Zelle integration.
• Digital Wallet Contactless payment platform supporting Apple Pay, Google Pay, and Samsung Pay for Anchor Bank Mastercard debit and credit cards, using tokenization and encryption for secure in-store, online, and in-app transactions.
• Zelle for Small Business Business-oriented peer-to-peer payment service enabling small businesses to send, receive, and request payments with customers and vendors via the Anchor Bank Business app; funds typically transfer within minutes with no fees from Anchor Bank.
• Anchor Securities (Wealth Management) Wealth management and investment services offered in partnership with OSAIC Institutions Inc. (member FINRA/SIPC), providing access to mutual funds, structured CDs, stocks and bonds, REITs, college savings plans, retirement plans, annuities, and insurance.

Quantifiable outcome

• Successfully acquired failed bank with $268 million in deposits
• +1 more outcomes

Named customers1 record

Segments6 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• OSAIC Institutions Inc.coreGTM or Marketing PartnerOSAIC Institutions Inc., member FINRA/SIPC, provides investment products and services to Anchor Bank customers through the Anchor Securities division. Services include mutual funds, stocks, bonds, REITs, annuities, insurance, and retirement planning products.
• Early Warning Services (Zelle)coreTechnology or IntegrationEarly Warning Services provides the Zelle payment network that Anchor Bank uses for personal and business P2P and B2B payments, enabling real-time money transfers between bank accounts.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• United Community Banks: Community-focused bank with active M&A strategy across the Southeast, offering deposit, commercial lending, and digital banking. Comparable regional community-bank model and acquisition-led growth playbook.
• S&T Bancorp: Mid-Atlantic community bank with consumer and commercial banking, treasury management, and wealth services. Comparable in scale and product mix to Anchor, with a similar small-business and CRE lending focus.
• Independent Bank Group: Texas-based community bank with a comparable product set spanning personal/business deposits, lending, and digital channels. Similar size bracket and relationship-banking orientation to Anchor.
• Seacoast Banking Corporation of Florida: Florida-headquartered community bank serving consumers and small businesses across South and Central Florida with comparable deposit, lending, and digital banking offerings. Most directly analogous in geography and target customer mix to Anchor Bank.
• City National Bank of Florida: South Florida-based community bank serving consumer, small business, and private banking clients with deposits, lending, and wealth services. Closely comparable in geography, scale, and customer segments to Anchor Bank.
• Ameris Bancorp: Community bank holding company that has grown aggressively through acquisitions, including FDIC-assisted transactions. Same M&A-driven community banking strategy and similar deposit/lending mix as Anchor.
• OptimumBank Holdings: Small Florida-based community bank offering consumer and business deposit and lending products. Closest in size and regional profile to Anchor Bank among publicly identifiable FL peers.

Broad incumbents

• Home BancShares: Multi-state community bank holding company with a long track record of FDIC-assisted and whole-bank acquisitions. Larger scale than Anchor but operates the same community-bank playbook across the Southeast.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Anchorbankfl
• LinkedInlinkedin.com/company/anchorbankfl
• Instagraminstagram.com/anchorbank?igsh=MWcycXdiZzhkandkaA%3D%3D&utm_source=qr

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Anchor Bank