Seaside National Bank & Trust

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Headquarters
Orlando, Florida

Sector
Commercial and Trust Banking

Date of Investment
November 2009, June 2011

Company Description
Formed in October 2006, Seaside is a nationally-chartered bank with trust powers and headquartered in Orlando, Florida.  Seaside provides private banking, commercial lending and wealth management services to clients in affluent markets in Florida.  Seaside relies on an experienced staff of client advisors to service its high net-worth clients. 

Since inception, Seaside has grown rapidly by gathering deposits through its high-touch, relationship-driven banking model.  Unlike many larger banking institutions, Seaside’s operations are not organized by lines of business; instead, each client advisor is responsible for holistically serving their clients’ needs for deposit, loan, and wealth management products.  Seaside’s client advisors are supported by a centralized staff of credit underwriters, product specialists, and administrative professionals.

In November 2009, Lovell Minnick was joined by Parthenon Capital Partners and Continental Investors in making a significant investment in Seaside’s holding company, Three Shores Bancorporation.  In December 2010, Lovell Minnick and other existing shareholders made a follow-on investment in Three Shores to support the Seaside’s continued growth.

Seaside has approximately $700 million in total assets and operates 12 branch offices.