Edison National Bank

What Edison National Bank does

Edison National Bank is a privately held, FDIC-insured, nationally chartered community bank founded in 1997 and headquartered in Fort Myers, Florida. The bank serves individual consumers, small-to-medium businesses, retirees, non-profit organizations, and public-service customers (law enforcement, fire, military) in Lee County and the surrounding Southwest Florida market. It operates four physical branches — Cleveland Avenue (the main office), River District in downtown Fort Myers, and Bank of the Islands offices on Sanibel and Captiva — under the Edison National Bank and Bank of the Islands brands. Edison National Bank is the oldest locally owned and managed independent community bank in Lee County, has maintained the BauerFinancial 5-Star Superior Rating for more than 12 consecutive years, and has won more than 50 'Best of the Islands' awards across more than two decades.

The bank's product set spans personal checking tiers (Free Checking, Checking with Interest, Edison Royal for 62+, Protect & Serve for first responders and military), savings and money-market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and personal lending (residential mortgages, home equity lines of credit, auto loans, personal loans). Business banking covers Basic Business Checking, Non-Profit Checking, Business Checking, Business with Interest, Royal Condo Checking, Business Money Market, and business certificates of deposit, alongside commercial real estate loans, business lines of credit, and commercial loans. Cash management services include ACH origination, Positive Pay fraud prevention, remote deposit capture, and courier services, while merchant services run through an Elavon partnership supporting EMV terminals, POS systems, Apple Pay, Android Pay, and the recently launched Tap2Local mobile payment acceptance solution. The underlying technology stack is a standard community-bank digital platform consisting of OnLine AnyTime internet banking with Quicken and QuickBooks integration, iPhone and Android mobile banking apps, in-app card management, mobile deposit, consumer and business bill pay, and a credentials-protection security layer that mitigates key-logging malware — incremental digital enhancements, including the April 2026 launch of Rapid Transfers for instant external money movement, sit on top of this conventional core.

Commercially, Edison National Bank is sales-led and relationship-driven, with mortgage, commercial loan, treasury, and deposit officers supported by a deeply embedded local community presence: 650+ staff volunteer hours annually, sponsorship of 100+ non-profits, board representation across more than 30 community organizations, and consistent multi-year sponsorships (Horizon Foundation Cornerstone sponsor 29 years, Florida Python Challenge Gold sponsor 4 years, Market Trends Real Estate Summit 3 years). Revenue is generated primarily through net interest income on the loan portfolio and through transaction-based deposit, electronic banking, cash management, and merchant-services fees; no financial statements are publicly disclosed, so consolidated revenue figures are not available. Founded and still led by Geoffrey W. Roepstorff (CEO) and Robbie B. Roepstorff (President) alongside Chairman David DuVall and board members Daniel E. Dosoretz M.D. and Howard M. Sheridan M.D., the bank operates without external private equity or holding-company ownership.

Name

Edison National Bank

Legal name

Edison National Bank

Website

https://edisonnationalbank.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

11–50 employees

Short description

Edison National Bank is a privately held community bank founded in 1997 in Fort Myers, Florida, providing personal and business banking through four branches in Lee County to consumers, small-to-medium businesses, seniors, nonprofits, and public-service customers in Southwest Florida.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE), Real Estate (Commercial Property, REITs) (FSABACAH), Deposit Operations (Account Maintenance, Fees, Reconciliations) (FSABALAE)

Keywords

• Community banking
• Personal banking
• Business lending
• Mobile banking
• Cash management

Headquarters

HQ city

Fort Myers

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Revenue generated from interest earned on loans including residential mortgages, commercial real estate loans, business loans, auto loans, and personal loans. Core banking revenue stream.
2. Deposit Account Fees: Monthly service charges, minimum balance fees, and per-item charges for various checking and savings accounts. Fees waived based on balance requirements or ACH direct deposit.
3. Electronic Banking Services: Revenue from bill pay services, wire transfers, and other electronic banking transactions.
4. Cash Management Services: Fees for ACH origination, Positive Pay fraud protection, wire transfers, remote deposit capture, and courier services for business customers.
5. Merchant Services: Payment processing revenue through Elavon partnership for merchant card transactions, including terminal fees and transaction percentages.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Edison National Bank is an FDIC-insured, nationally chartered community bank offering personal and business banking products through four branch locations in Lee County, Florida (Fort Myers, Sanibel, and Captiva, with the Sanibel and Captiva offices operating under the Bank of the Islands brand). Its offering spans deposit accounts (checking, savings, money market, CDs, IRAs, HSAs), personal lending (residential mortgages, home equity lines of credit, auto loans, personal loans), business lending (commercial real estate, lines of credit, commercial loans), cash management services for businesses, merchant services through Elavon, and digital channels including online banking, mobile applications, and instant Rapid Transfers.

Product overview

Edison National Bank is a community bank offering a comprehensive suite of personal and business banking products through both traditional branch services and digital channels. The bank operates under two brands: Edison National Bank (Fort Myers locations) and Bank of the Islands (Sanibel and Captiva offices). Personal banking includes multiple checking and savings account types, certificates of deposit, individual retirement accounts, health savings accounts, and personal lending products including mortgages, home equity lines, auto loans, and personal loans. Business banking encompasses various checking and money market accounts, business CDs, and commercial lending including real estate loans, lines of credit, and commercial loans. Cash management services include ACH origination, Positive Pay fraud prevention, remote deposit capture, courier services, and merchant services through Elavon. Digital banking services include OnLine AnyTime internet banking, mobile banking apps for Apple and Android, Card Management for fraud control, Mobile Deposit, Bill Pay, Rapid Transfers for instant external transfers, and Tap2Local for mobile payment acceptance. The bank also provides financial calculators and educational resources.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts (Free Checking, Checking with Interest, Edison Royal Checking, Protect & Serve Checking) Personal checking account line including a no-cost Free Checking with no minimum balance; Checking with Interest that earns interest on funds and includes a monthly service charge waiver option; Edison Royal Checking for customers 62 and older with bonus CD rates and free checks; and Protect & Serve Checking exclusively for law enforcement, fire and rescue, and U.S. military members, all with free OnLine AnyTime Banking and Bill Pay.
• Personal Savings Accounts (Statement Savings, Inventors Savings, Investment Savings, Money Market) Tiered personal savings offerings including a no-fee Statement Savings with a $500 minimum daily balance waiver, Inventors Savings designed for young savers with a $10 minimum deposit, Investment Savings for serious savers earning higher interest with a $50 minimum, and a Money Market Account offering attractive interest rates with quick access via check, ATM/debit card, or transfer.
• Certificates of Deposit (Personal) Time deposit accounts for individuals with various terms and competitive rates, with penalties applying for early withdrawal.
• Individual Retirement Accounts (IRA) Tax-advantaged retirement savings accounts for individuals with various investment options and tax benefits.
• Health Savings Account (HSA) Tax-advantaged account for individuals to save for future qualified medical expenses, offering triple tax savings on contributions, earnings, and withdrawals used for qualified medical expenses.
• Safe Deposit Box Secure fire- and water-resistant storage at branch locations for family documents, heirlooms, passports, birth certificates, and jewelry.
• Residential Mortgage Loans Home mortgage products customized to fit individual homebuyer needs for purchasing or refinancing primary residences, with on-site local lending decisions at the bank's branches.
• Home Equity Lines of Credit Revolving credit lines secured by home equity for home improvements, debt consolidation, or other personal expenses.
• Auto Loans Vehicle financing with competitive rates and flexible terms for purchasing new or used automobiles, processed with local lending decisions.
• Personal Loans Unsecured loans for various personal needs including debt consolidation and major purchases.
• Business Checking Accounts (Basic Business, Non-Profit, Business, Business with Interest, Royal Condo) Business checking line including Basic Business Checking with 200 free items, Non-Profit Checking for 501(c)(3) organizations with no monthly fee, Business Checking with 500 free items, Business with Interest for sole proprietors and non-profits, and Royal Condo Checking tailored to condominium associations, all with free OnLine AnyTime Banking and Bill Pay.
• Business Money Market and Business Savings Accounts Interest-earning Business Money Market accounts (including a Business Money Market Investment tier for larger balances), Business Money Market as a companion to Basic Business Checking, and Business Savings with a $1,000 minimum daily balance to waive the monthly service charge.
• Business Certificate of Deposit Business CD with terms from 3 months to 5 years, $1,000 minimum deposit, and daily compounding interest.
• Commercial Real Estate Loans Loans for commercial property acquisition, development, and refinancing with a relationship-focused, on-site local lending approach.
• Business Lines of Credit Revolving credit facilities for businesses to manage cash flow and operational expenses.
• Commercial Loans General commercial lending for business growth, equipment financing, and working capital needs.
• Cash Management Services Comprehensive cash management offering for businesses including ACH origination for direct deposit and payments, Positive Pay fraud prevention, online wire transfers, Remote Deposit Capture for electronic check deposit with same-day credit, Courier Services for pickup and delivery in the Fort Myers, Sanibel, and Captiva area, and Business Bill Pay.
• Merchant Services Payment processing solutions delivered through the Elavon partnership including in-person, online, and mobile payments, EMV chip terminals, tablet POS systems, mobile wallet acceptance (Apple Pay, Android Pay), and next-day business funding.
• OnLine AnyTime Internet Banking Full-service online banking portal accessible via web browser providing real-time account access, check imaging, fund transfers, statement viewing, stop payments, bill pay, e-statements, and direct integration with Quicken and QuickBooks.
• Mobile Banking App (iPhone and Android) Free mobile applications for iPhone (Apple App Store) and Android (Google Play Store) devices enabling checking balances, transferring funds between Edison accounts, paying bills, making mobile check deposits via the device camera, managing cards (turn on/off, set spending limits, alerts, restrict by location/merchant), performing instant me-to-me Rapid Transfers to external accounts, and accessing Tap2Local mobile payment acceptance for business customers.
• Tap2Local Payment Solution Mobile payment acceptance service for business account holders allowing tap-to-pay, QR codes, and payment links to be accepted directly through the mobile banking app without additional hardware, with next-day transaction settlement.

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature6 records

Partnerships

One partnership is on record.

• ElavoncoreTechnology or IntegrationEdison National Bank has partnered with Elavon to deliver payment processing solutions for merchant services. Elavon provides in-person, online and mobile payment solutions, chip card/EMV terminals, tablet POS systems, and 24/7/365 customer service. The partnership enables the bank to offer comprehensive payment acceptance solutions to business customers.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• First Florida Integrity Bank: Independently owned, locally controlled community bank headquartered in Naples, FL with branch presence across Collier and Lee Counties. Closest direct peer by virtue of overlapping Southwest Florida geography, similar community-bank proposition (local decision-making, relationship banking, personal+business lending), and comparable size/discipline profile.
• Finemark National Bank & Trust: Locally based, independently operated community bank with headquarters and full-service branch in Fort Myers, FL. Directly comparable to Edison on geography (same Lee County market), service model (relationship-led personal and business banking including CRE lending), and approximately similar scale.

Broad incumbents

• Truist Financial Corporation: Large U.S. regional bank (SunTrust + BB&T combination) with material retail branch presence across Florida including Southwest Florida. Competes with Edison on deposits, mortgages, and small-business banking, but with a vastly broader product set, digital scale, and corporate-banking capabilities Edison does not attempt to match.
• Fifth Third Bank: Mid-large regional bank with a Southeast U.S. retail network that includes branches in Southwest Florida. Overlaps with Edison in consumer deposits, mortgage origination, and small-business banking, but serves a much broader geographic footprint and offers products (wealth, treasury, capital markets) Edison cannot match.
• Regions Bank: Large U.S. regional bank with a southeastern branch network including Southwest Florida. Comparable in core deposit-taking, consumer lending, and small-business banking, but materially larger scale and product breadth make Regions a broad incumbent rather than a direct head-to-head competitor.
• PNC Bank: Top-tier U.S. retail and commercial bank with branches in major Florida metros. Competes for the same consumer and SMB customers in SW Florida (deposits, cards, cash management) but operates far broader geographic distribution and a corporate banking franchise Edison does not pursue.
• Wells Fargo: National money-center bank with extensive retail and business banking presence across Florida. Comparable at the product-category level for deposits, mortgages, and small-business services, but vastly larger scale and a national mortgage origination capability Edison competes against only locally.
• Bank of America: National money-center bank with one of the largest retail branch and ATM networks in Florida. Operates as a broad incumbent across personal deposits, credit cards, mortgages, and small-business banking, including the SW Florida market Edison serves.
• JPMorgan Chase (Chase): Largest U.S. retail bank with a growing Florida branch footprint. Competes against Edison in checking/savings, card products, mortgages, and small-business banking, but at a fundamentally different scale and digital-product cadence that no single-market community bank can match.

Others

• Suncoast Credit Union: Florida-headquartered, member-owned credit union with broad Southwest Florida branch coverage and personal/business deposit and lending products. Overlaps with Edison in core retail and SMB banking but operates a cooperative ownership structure rather than a stockholder-owned bank, making it an adjacent peer rather than a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/edison-national-bank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

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 Edison National Bank