Seaside National Bank & Trust

What Seaside National Bank & Trust does

Seaside National Bank & Trust is a private commercial bank founded in 2006 and headquartered in Jacksonville, Florida, providing commercial banking and treasury management services along Florida's coastal corridor, including the Jacksonville / Ponte Vedra Beach, Tampa Bay, Sarasota, and Naples markets. According to available firmographic data, the bank employs 101-250 people and operates from its Jacksonville base with a coastal Florida expansion footprint.

The bank was capitalized at founding in 2006 by private equity sponsor Lovell Minnick Partners, and in November 2009 closed a $15 million growth round led by Parthenon Capital Partners, with participation from Lovell Minnick Partners and Continental Investment Partners. This PE sponsorship is a defining feature of Seaside's capitalization history and differentiates the bank from organic-only community bank competitors. Operational leadership, including Michael L. McMullan as President of the Coastal Region of Florida, indicates a regionally distributed relationship-banking model targeting businesses and high-net-worth individuals across the coastal Florida geography.

The bank operates as a privately held institution, with no publicly disclosed financials, product suite, technology stack, or pricing schedule available within the provided data. Notably, the aggregated input block in this analysis appears to primarily describe a publicly traded, separate entity (United Community Bank, NASDAQ: UCBI), introducing significant source ambiguity. As a result, definitive statements about Seaside's specific product portfolio, technology stack, revenue mechanics, and recent operating performance cannot be made from the evidence available; the company should be treated as a data-thin private Florida community bank with institutional PE sponsorship.

Name

Seaside National Bank & Trust

Legal name

United Community Bank

Website

https://seasidebank.com

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

101–250 employees

Short description

Seaside National Bank & Trust is a private commercial bank founded in 2006 and headquartered in Jacksonville, Florida, providing commercial banking and treasury management services to businesses and affluent clients across Florida's coastal markets including Jacksonville, Tampa Bay, Sarasota, and Naples.

Ownership category

akta.pro rank

Product category

Retail and Commercial Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Retail Wealth & Bancassurance Distribution (Investment & Insurance via Bank) (FSABAAAJ), Credit Cards & Revolving Credit (FSABAAAC), Lending & Credit Disbursements (FSAMAKAH)

Keywords

• Commercial banking services
• Treasury management
• Mortgage lending
• Wealth management
• Small business lending

Headquarters

HQ city

Jacksonville

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: Core revenue from the spread between interest earned on loans (mortgages, business loans, personal loans, home equity) and interest paid on deposits (checking, savings, CDs, money market accounts). This is the primary revenue driver for the bank.
2. Non-Interest Fee Income: Fees from digital banking services, overdraft charges, wire transfers, ATM usage, and account maintenance.
3. Credit Card Revenue: Income from credit card interchange fees, annual fees, and interest charges on revolving balances for both personal and commercial card products.
4. Mortgage Banking Revenue: Revenue from originating and selling mortgage loans, including home purchase loans, refinancing, and construction-to-permanent lending.
5. Wealth Management and Advisory Fees: Advisory and management fees from private wealth, investment management, and insurance product distribution.
6. Merchant Services Revenue: Transaction processing fees from business customers accepting card payments through merchant services.
7. Treasury Management Fees: Fees for business treasury services including receivables management, payables processing, fraud protection, and account reporting.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels6 records

Core offering

Seaside National Bank & Trust offers a full suite of banking products spanning personal banking (checking, savings, CDs, money market, personal loans, credit cards), business banking (deposits, business loans, SBA/USDA lending, treasury management, merchant services), mortgage lending (purchase, refinance, construction), and wealth management/advisory services. Distribution combines a multi-state branch network in the Southeast with a digital banking platform (online and mobile) supporting 24/7 account access, mobile deposits, Zelle, card controls, and remote deposit capture. The bank is FDIC-insured and operates with relationship-based bankers serving both individual consumers and commercial clients.

Product overview

United Community Bank offers a comprehensive banking platform with multiple integrated product lines. The core offerings include Personal Banking (checking, savings, CDs, money market, and personal loans), Business Banking (business checking, savings, and specialized lending including SBA and USDA programs), and Mortgage Services (home purchase loans, refinancing, and construction loans). Digital services are delivered through Online and Mobile Banking platforms including the United Mobile App, supporting features like Zelle, Bill Pay, Card Controls, and eStatements. The bank also provides Wealth Management, Treasury Management for businesses, and specialized products like Greenlight for Kids and Teens. All these products operate within a unified digital banking ecosystem accessible via web and mobile channels.

Differentiator

Problem solved

Functional benefit

Brands

• United Community Bank Foundation: Community investment and charitable foundation associated with the bank.

Products and services

• Personal Banking Comprehensive personal banking services including checking accounts, savings accounts, certificates of deposit, money market accounts, and personal loans for individual consumers.
• Business Banking Business banking solutions including business checking, savings, CDs, money market accounts, and business debit cards for commercial clients.
• Online and Mobile Banking Secure round-the-clock digital banking access via web and mobile app with account management, alerts, card controls, bill pay, Zelle, and eStatements for personal and business customers.
• United Mobile App Mobile banking application available on iOS and Android enabling 24/7 account access, mobile deposits, debit card on/off controls, Zelle payments, and digital banking services from smartphones.
• Lending Services Personal and business lending services including loans, lines of credit, home equity loans, HELOCs, and home loans for individuals and businesses.
• Mortgage Services Home loan products including purchase mortgages, refinancing options (cash-out and rate-term), home construction loans, construction-to-permanent financing, and first-time homebuyer programs with down payment assistance.
• Credit Cards United-branded credit card portfolio for personal and business use, including commercial cards, with interchange, annual fees, and interest charges on revolving balances.
• Wealth Management Wealth management services including financial advisory, private wealth management, investment management, estate planning, and insurance product distribution for affluent individuals and families.
• Treasury Management Business payment and cash management services including reporting and liquidity management, accounts receivable and payable services, merchant services, and fraud protection for business clients.
• SBA Lending Small Business Administration (SBA) lending programs providing government-backed loans for qualified small business borrowers.
• USDA Lending Programs United States Department of Agriculture (USDA) lending programs supporting rural businesses and community development projects.
• Industry Specialized Lending Specialized lending solutions including equipment lending, asset-based lending, syndicated loans, and participated loans for commercial clients with industry-specific financing needs.
• Community Association Banking Tailored banking services for community associations, including deposit accounts and lending products for HOAs and community organizations.
• Merchant Services Payment processing services enabling business customers to accept card payments, generating transaction processing fees.
• Greenlight for Kids and Teens Banking product designed for children and teenagers with parental controls and money management features.
• Commercial Cards

Quantifiable outcome

• Ranked #1 in Customer Satisfaction for Retail Banking in the Southeast, including #1 in Trust, Convenience, and Value

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Scale indicators3 records

Recent moves3 records

Expansion highlights2 records

Broad incumbents

• United Community Banks: The parent platform (NASDAQ: UCBI) and the broader Southeast regional bank with overlapping personal, business, mortgage, and wealth product lines. Closely comparable on product mix and footprint; Seaside operates as part of this franchise.
• First Citizens BancShares: Large Southeast-headquartered bank holding company (NASDAQ: FCNCA) with deep branch network across the Carolinas, Georgia, and Florida — overlapping footprint but materially larger scale.
• Regions Financial: Major Southeast regional bank (NYSE: RF) with full-service consumer, commercial, and wealth capabilities across the same states — sets the competitive ceiling for product breadth and digital scale.
• Truist Financial: Top-3 US bank (NYSE: TBB) with major Southeast density post-BB&T/SunTrust merger — primary incumbent competitor on commercial, mortgage, and wealth across overlapping states.

Direct peers

• Pinnacle Financial Partners: Southeast-focused community commercial bank serving SMBs and affluent consumers with relationship banking, treasury management, and wealth services — directly comparable GTM motion and product set to Seaside.
• ServisFirst Bancshares: Southeast regional commercial bank concentrated in AL, FL, GA, NC, SC, and TN offering commercial lending, treasury management, and digital banking — highly comparable geography and SMB focus.
• Renasant Corporation: Community-focused bank with branches across the Southeast (MS, AL, TN, GA, FL, NC, SC) delivering commercial, mortgage, and wealth services — direct overlap in footprint, product mix, and SMB orientation.
• Ameris Bancorp: Southeast regional bank (GA, FL, AL, NC, SC, TN, VA) with a commercial-banking-led model and active CRE/specialty lending franchise — strong comparable on geography and credit profile.
• SouthState Corporation: Southeast-focused community bank (FL, GA, AL, NC, SC, VA) with strong commercial and wealth franchises — directly comparable SMB-focused relationship model and product breadth.

Emerging players

• Live Oak Bancshares: NC-based digitally-led bank with a strong SBA and small-business lending franchise — comparable SMB focus and Southeast footprint, but with a more fintech-style operating model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/ucbi
• YouTubeyoutube.com/channel/UCialrI_WTci-LSccpPvBiSA
• Facebookfacebook.com/seasidebank
• LinkedInlinkedin.com/company/84976
• Instagraminstagram.com/unitedcommunitybank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors3 records

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

M&A

Investments1 record

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

Frequently asked questions about Seaside National Bank & Trust