Eastern National Bank

What Eastern National Bank does

Eastern National Bank (legal entity: Eastern National Bank, N.A.) is a federally chartered national bank founded in 1969 and headquartered at 9700 South Dixie Highway, Suite 710, Miami, Florida. The bank is privately held, supervised by the Office of the Comptroller of the Currency (OCC), and FDIC-insured. It operates five branch locations across Miami-Dade County (Dadeland, Doral, Miami Lakes/Hialeah, and Kendall) and serves individuals, small businesses, importers/exporters, residential mortgage customers, and correspondent banking institutions in selected Caribbean, Central American, and South American countries.

The bank's product portfolio spans personal and business banking (checking, savings, money market, NOW accounts, time deposits), lending (commercial mortgages, construction, revolving lines, working capital, residential mortgages, home equity, personal installment loans), and specialty services including Remote Deposit Capture (powered by Fiserv's WebCapture), MasterCard debit cards routed through STAR, Mastercard, Jeanie, and Plus networks, domestic and international wire transfers, safe deposit boxes, collections, currency exchange, and a leasing program operated in partnership with BancLeasing. The digital platform, branded ENB Direct, supports 24/7 account access, bill pay via billpaysite.com integration, wire transfer initiation, and remote deposit; security architecture is anchored by VeriSign Digital ID, 128-bit SSL encryption, dual-factor authentication, and firewall/router infrastructure.

Eastern National Bank earns revenue primarily through net interest income on a $93.1 million loan portfolio funded by $115.7 million in deposits (of which $25.3 million is non-interest-bearing), supplemented by transaction fees from wire transfers, debit card interchange, collections, and trade finance/letters of credit issued through the Correspondent Banking and International Divisions. GTM is relationship-led and segmented across retail, small business, commercial lending, international trade, and correspondent banking motions, supported by Spanish/English bilingual staffing and a mission centered on tailored solutions for South Florida and Latin America.

Name

Eastern National Bank

Legal name

Eastern National Bank, N.A.

Website

https://enbfl.com

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

101–250 employees

Short description

Eastern National Bank is a privately held, OCC-supervised national bank founded in 1969, headquartered in Miami, Florida, serving individuals, small businesses, importers/exporters, and correspondent banks across Miami-Dade County and selected Caribbean, Central American, and South American countries through five branches and a digital platform called ENB Direct.

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 industry

Real Estate (Commercial Property, REITs) (FSABACAH)

Keywords

• Community banking
• Commercial lending
• International trade finance
• Correspondent banking
• Consumer banking

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Loans: Primary revenue from net loans of $93.1 million generating interest income. Loan products include commercial mortgages, construction loans, residential mortgages, personal loans, and leasing programs.
2. Deposit Interest Expenses: Bank holds $115.7 million in total deposits ($25.3 million non-interest bearing, $90.4 million interest bearing) as funding source for lending operations.
3. Commercial Banking Fees: Fees from business checking accounts, merchant services, commercial lending, revolving lines of credit, term loans, and working capital loans.
4. Wire Transfer Fees: Fees for domestic, international, and foreign currency wire transfers processed through ENB Direct online banking.
5. Debit Card Transaction Fees: MasterCard debit card network fees from consumer and business account holders using STAR, MASTERCARD, JEANIE, PLUS networks.
6. Safe Deposit Box Rental: Annual fees varying by box size (from 3" x 5" to 10" x 10") available at Doral, Hialeah, and Kendall branches.
7. Remote Deposit Capture Services: Electronic check deposit services for business customers eliminating courier fees and providing 24/7 deposit capabilities.
8. Collections Services: Collection services for processing and collecting payments from customers in an efficient and timely manner.
9. Trade Finance and Letters of Credit: Correspondent banking division services including trade finance and letters of credit for correspondent banks and importers/exporters.
10. Personal Banking Products: Checking accounts, savings, money market, NOW accounts, time deposits, and personal loans for individual customers.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

Eastern National Bank provides community banking and financial services to individuals, small businesses, builders, real estate firms, importers/exporters, and correspondent banks across Miami-Dade County and selected Latin American/Caribbean countries. The bank offers deposit accounts, commercial/personal/residential loans, international wire transfers, trade finance and letters of credit, remote deposit capture, safe deposit boxes, debit cards, and 24/7 online banking through ENB Direct.

Product overview

Eastern National Bank is a community bank serving individuals, small businesses, and correspondent banking institutions in South Florida and Latin America. Its product portfolio centers on ENB Direct (Online Banking) as the primary digital platform for 24/7 account access, combined with specialized business services including Remote Deposit Capture (powered by Fiserv) for electronic check deposits, MasterCard Debit Cards accessible across multiple ATM networks, and Wire Transfers (domestic, international, and foreign currency). The bank also offers a full range of lending products under the Loan Center umbrella: Commercial Loans (including construction, mortgages, revolving lines, and working capital), Personal Loans (secured and unsecured installment loans), Residential Loans (first and second mortgages, home equity), and a Leasing Program (in partnership with BancLeasing). Ancillary services include Bill Payment, Safe Deposit Boxes, Collections, Currency Exchange, and dedicated International and Correspondent Banking divisions. The bank operates four branch locations in the Miami-Dade area and is supervised by the OCC and insured by the FDIC.

Differentiator

Problem solved

Functional benefit

Brands

• ENB Direct: Online banking platform providing secure access to accounts, bill payment, wire transfers, and account management services.

Products and services

• Personal Banking A suite of personal banking products including a variety of checking accounts, savings, money market, NOW and time deposit accounts with competitive interest rates, and Online Banking access for individual customers.
• Business Banking Business banking suite including business checking accounts, savings/money market/NOW/time deposit accounts, Online Banking with bill pay and account management, and merchant services for secure customer transactions targeting small businesses.
• Commercial Loans Business financing products including Certificate of Deposit (CD) Secured Loan/Line, Commercial Mortgages, Construction Loans, Leasing Program, Revolving Lines of Credit, Term Loans, and Working Capital Loans for businesses in South Florida.
• Personal Loans Personal financing products including CD Secured Loans/Lines, Installment Loans for cars/boats/trucks, and Unsecured Loans for individual customers.
• Residential Loans Residential mortgage products for domestic and international customers, including Affordable Housing, First Mortgage, 2nd Mortgage, Home Equity Loan, and Home Equity Line.
• Leasing Program Equipment leasing program offered in partnership with BancLeasing, allowing businesses to conserve working capital or plan for expansion with greater flexibility than purchasing, including upgrade capability during the lease term and potential tax benefits.
• International Division Financial solutions for international clients including account officers providing personalized service and 24/7 online account monitoring, with a focus on serving clients in selected Caribbean, Central American, and South American countries.
• Correspondent Banking Division Correspondent banking services for other banking institutions, offering Trade Finance and Letters of Credit with a relationship-based approach to correspondent banks in selected countries.
• ENB Direct (Online Banking) Eastern National Bank's online banking platform providing 24/7 account access, account balance inquiry, fund transfers between ENB accounts, view check images and statements, online bill pay, and wire transfer preparation and submission. Enrollment requires an active account and identity verification.
• Remote Deposit Capture Enables business customers to scan checks using a desktop scanner connected to a PC and the Internet, and deposit them electronically to their ENB account at any time, including weekends and holidays. The service consolidates deposits from multiple remote locations, reduces courier fees, and includes 128-bit encryption security.
• MasterCard Debit Card Safe and convenient debit card for consumer and business account holders, accepted anywhere MasterCard is accepted and usable as an ATM card through VISA, STAR, MASTERCARD, JEANIE, and PLUS networks. No annual fees apply and transactions deduct directly from the checking account.
• Wire Transfers Wire transfer service enabling the fastest and safest fund transfers within the United States and overseas, including domestic, international, and foreign currency wire transfers. Domestic and international wires can be prepared and submitted via ENB Direct (Online Banking), and foreign currency wire transfers are available by contacting or visiting a branch.
• Bill Payment Online bill payment service integrated into ENB Direct, providing customers with tools to manage and pay bills directly from their ENB accounts.
• Safe Deposit Boxes Safe deposit box service offering five sizes ranging from 3" x 5" to 10" x 10", with annual fees varying by box size and availability varying by branch (Doral, Hialeah, Kendall).
• Collections Collection services providing customers with tools to process and collect payments efficiently and in a timely manner.
• Currency Exchange Currency exchange service available as part of ENB's full-service banking offerings, supporting foreign currency transactions for international clients.

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• BancLeasingcoreStrategic or Co-development PartnerEastern National Bank partnered with BancLeasing to implement a leasing program allowing current and potential customers to access equipment leasing with tax benefits, equipment upgrade flexibility, and working capital conservation options for business expansion.
• VeriSigncoreTechnology or IntegrationVeriSign provides digital identification certificates and 128-bit SSL security certification for the bank's online banking system. Authentication of user's identity and secure session establishment through encryption technology.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Regional players

• Professional Bank: Florida-based community bank serving small businesses and professionals across the state, providing a comparable regional Florida SMB/private banking model.

Direct peers

• BAC Florida Bank: Florida-chartered bank with explicit Latin America and Central America corridor focus, serving importers/exporters and Hispanic personal/business clients — directly overlapping ENB's international and bilingual banking proposition.
• U.S. Century Bank: Privately held community bank headquartered in Miami with comparable size and similar focus on South Florida personal, business, and commercial lending customers.
• City National Bank of Florida: Privately held Florida-based community bank serving similar SMB and personal banking segments in South Florida, with overlapping commercial real estate and small business lending focus.
• TotalBank: Miami-based community bank (a subsidiary of Banco Popular Español) serving similar retail, small business, and commercial customers in Miami-Dade County with bilingual service and community focus.
• Marquis Bank: Florida community bank serving small to mid-sized businesses and consumers in South Florida, comparable in scale and product mix to Eastern National Bank.
• Gibraltar Private Bank & Trust: South Florida-headquartered privately held bank offering personal, business, and wealth management services to similar high-net-worth and small business clients in the Miami metro.
• Banesco USA: Miami-based community bank (subsidiary of Venezuelan Banesco) serving the Hispanic market with personal, commercial, and international banking services targeting the LatAm corridor — directly comparable niche.
• Ocean Bank: Miami-headquartered community bank with comparable size, similar branch network in South Florida, and a parallel focus on commercial lending, trade finance, and personal/business banking for the Hispanic market.
• Pacific National Bank: Miami-based community bank serving small businesses and individuals in South Florida with similar commercial and personal banking products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

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

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 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 Eastern National Bank