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Bahama Strong

On September 3rd, 2019, upon learning of the devastation in the Bahamas caused by Hurricane Dorian, Sunstate Bank and its employees began relief efforts for the people of the Bahamas.  Hurricane Dorian was the most powerful hurricane historically to strike the Bahamas.  Dorian struck the Islands on September 1, 2019 stalling just north of the territory for 48 hours.  Damages to the island were catastrophic.  Running to the aid of the Bahamas, Sunstate Bank partnered with The World Central Kitchen (WCK), a non-for-profit organization established to created smart solutions to help address hunger and poverty.  Last year World Central Kitchen activated in response to 13 disasters, some of them natural and some man-made. The World Central Kitchen mission is to fight to feed the hungry. 

Thus, began a week-long friendly competition between the three branches to raise the most amount of money for WCK.  Management raised the stakes by stating they would match all contributions and included a lunch prize to the winning branch.  Branch Managers provided daily updates to compare which branch was in the lead.  Excitement and awareness were so high that it trickled up to our customers, many of whom also contributed.  In the end the three branches alone raised $1,825 and funds were matched at 100%.  The total donation was incredible; however, the bank’s CEO, Lloyd DeVaux thought rounding up to the next thousand would make for a better contribution.  The bank’s final donation to WCK was $4,000.00!!  Simultaneously, the branches began collecting relief supplies for the people of the Bahamas.  Sunstate Bank collected enough supplied to fill an entire SUV; which were taken to the local fire department.

Giving back to the community and coming to the aid of those affected by natural disasters is something that is in our mission, and moves us as an institution.  Together we can attain incredible results.

South Florida Banker Named Chair of FBA

Industry veteran Lloyd DeVaux will serve as 2019-20 chairman

Lloyd DeVaux has been sworn in as chair of the Florida Bankers Association (FBA); he will serve a one-year term that runs from June 2019 through June 2020.  DeVaux is president and chief executive officer of Sunstate Bank in Miami and has more than 25 years of banking experience. 

“I am certain that Lloyd will do an excellent job in this critical role,” said FBA President and CEO Alex Sanchez.  “He is a respected banker and has been engaged with the FBA for a many years and in a variety of roles.  The FBA staff and I look forward to working with him this year.”

DeVaux has been active with the FBA in a number of capacities, including service as FBA chair-elect, as chair of BancServ, Inc. and as a member of the FBA Board of Directors, the Executive Committee and the Audit Committee.  While serving as chair-elect during the 2018-19 association year, DeVaux participated in leadership and legislative events hosted by the FBA, engaged in grassroots lobbying in both state and federal bodies, attended meetings of the association’s board and led Government Relations Council meetings. 

“I am honored to have been chosen to serve the Florida Bankers Association in this role and I look forward to serving as chair.  It’s humbling for me and a great honor,” said DeVaux. “During my year as chair, I expect for certain issues to be at the fore, including Community Reinvestment Act reform, Bank Secrecy Act reform, marijuana banking and unreasonable tax exemptions for credit unions.  I believe that we have to fight for our industry and I look forward to the challenge.”

DeVaux holds a Masters of Business Administration degree from Rollins College and earned a Bachelor of Science degree in electrical engineering from the University of Buffalo while attending school on a basketball scholarship.  He also graduated from Harvard Business School’s OPM Executive Program and the BAI Graduate School of Banking in finance. 

In addition to his involvement with the FBA, DeVaux has been involved with and often chaired a number of organizations, including the President’s Leadership Council at Rollins College, the board of the Dellenbach Foundation, MADD Florida, the Cornerstone Committee for St. Katherine Drexel Catholic Church, the YMCA of Broward County Board and its Executive Committee, the West Broward YMCA Board and Chair, the American Heart Association Heart Walk and the United Way Ambassadors Board. 

DeVaux will be followed by FBA Chairman-Elect Greg Nelson, president and CEO of United Southern Bank, who will serve a term as FBA chairman in 2020-21. 

Sunstate Bank, with approximately $443 million in assets and three locations, is a full-service community bank founded in 1999 and headquartered in Miami-Dade County. Sunstate Bank and its employees are very community focused and support a number of local community organizations. The Bank serves local retail and business customers, domestic and international real estate investors, and also utilizes its local and foreign relationships to develop business relationships centered on the Brazilian and Latin American community. Sunstate Bank is truly a “Community Bank” with “International Expertise”. To find out more please visit www.sunstatefl.com.

The Florida Bankers Association (FBA) is the voice of Florida’s banking industry, which is composed of small, regional and large financial institutions that together employ tens of thousands Floridians, safeguard more than $500 billion in deposits and extend more than $135 billion in loans.  Established in 1888, the FBA is one of Florida’s oldest trade associations; its members hold more than 90 percent of the state’s deposits.      

11th Future Bankers' Camp Graduation

Annually Sunstate Bank participates in the Future Bankers Camp program. This year, six of the future bankers from Coral Gables High School, Coral Reef High School, and South Dade High School, interned at the Bank for two weeks applying the classroom knowledge they acquired in the program. Kevin Arizandieta, Sunstate Bank Credit Analyst, addressed the 2019 Future Bankers graduating class and shared his experience with the program (Future Banker 2012). The Center for Financial Training Southeastern in collaboration with Miami Dade College has developed the Future Bankers’ Camp which is designed to motivate and tap into the talent of high achieving minority students from low-income areas, providing them a clear and promising career path in the financial services industry.

Good evening everyone my name is Kevin Arizandieta and I work for Sunstate Bank. Today I will tell you about my journey on how I ended working for the best community bank in Florida. I was a junior in high school back in 2012 when I heard about a program called Future Banker’s camp, I’m sure it rings a bell. I’ll be honest, I despised the idea of going to school during summer but the program promised hands-on experience that would look great on your college applications and so I decided to give it a shot. At the time, the class was small with only 10 students and Ocean Bank was the only bank involved. I was impressed at how highly organized the program was, that fast forward to 2015 when I was in college I did not hesitate when a fellow future banker’s classmate told me college students were now able to join the program.

I’m a firm believer that things happen for a reason, and this time I spent my two-weeks at none other than Sunstate Bank. Everyone I met at the Bank welcomed me with a warm smile and treated me like family. My experience was superb, that after graduating from FSU (Go Noles), I used the networking opportunity provided by Future Banker’s camp and reached out to Yvonne Debesa and told her this time I was ready to stay and become part of the Sunstate family. As most of you enter your senior year of high school I want to advise you to get heavily involved on campus and take classes that peak your interest. College is a time to figure out who you are and what kind of future you’d like to have, and the only way to achieve this is by putting yourself out there and trying new things. Best of luck, thank you.

DeVaux Named “Banker of the Year”

Florida banker given distinguished honor at Florida Bankers Association’s Annual Meeting

Sunstate Bank President and CEO Lloyd DeVaux was recently named 2018 “Banker of the Year” by the Florida Bankers Association (FBA). The award, which annually recognizes an individual who demonstrates the highest level of commitment to the banking industry and service to his or her community, was presented at the FBA’s 130th Annual Meeting. 

Following a video documenting his distinguished career, DeVaux was ushered forward to accept the award by a standing ovation from his colleagues and peers.

“Lloyd has been an active member of the Florida Bankers Association for many years and has served on nearly every FBA board.  In addition, he is an outspoken advocate for the banking industry,” said FBA Executive Vice President and COO Pamela Ricco.  “The Banker of the Year award is not given lightly.  It is an honor given to deserving bankers who are dedicated and hard-working and Lloyd is certainly deserving.”

The FBA’s Banker of the Year is selected using the following criteria:

  • An outstanding commitment of involvement and services in his/her community;
  • A concern for the continued success of banking;
  • A dedication to conveying the value of banking to the public;
  • A reputation for excellence and distinguished achievement within the banking industry.

“Lloyd’s commitment and loyalty to the association, to the state of Florida and to his community set a high bar for each of us to strive for in our own personal and professional lives,” said Ricco.  “His engagement makes a difference.  For example, Lloyd’s Congressional testimony this year strongly influenced regulatory reform.”

Throughout decades of engagement in the FBA, DeVaux has served as chair of BancServ, Inc. and as a member of the FBA Audit Committee.  He is currently a member of the FBA Board of Directors and its Executive Committee.  For the coming year, he will serve as chair of the FBA Government Relations Council.  In addition, he is the association’s chair-elect and is line to serve as chair of the FBA in 2019-20. 

“An example of an ideal FBA member, Lloyd supports BancServ Endorsed Partners and uses a lot of their services.  He is also generous in contributions to the FBEF and Florida BankPac,” said Ricco.  “We are proud to be able to recognize Lloyd for all of his contributions to the FBA and the banking industry.”

The Florida Bankers Association (FBA) is the voice of Florida’s banking industry, which is composed of small, regional and large financial institutions that together employ tens of thousands Floridians, safeguard more than $500 billion in deposits and extend more than $135 billion in loans.  Established in 1888, the FBA is one of Florida’s oldest trade associations; its members hold more than 90 percent of the state’s deposits.

Lloyd DeVaux testified before Congress

Oral Statement Lloyd DeVaux On behalf of the Florida Bankers Association before the House Financial Services Committee Subcommittee on Financial Institutions and Consumer Credit United States House of Representatives.

Chairman Luetkemeyer, Ranking Member Clay and members of the subcommittee, my name is Lloyd DeVaux. I am President & CEO of Sunstate Bank, a community bank founded in 1999, with $200 million in assets and three locations in Miami-Dade County in South Florida. Sunstate Bank has 45 employees and focuses on the needs of small businesses, consumers and real estate investors, including non-resident aliens.

I appreciate the opportunity to be here today to discuss the challenges in complying with the Bank Secrecy Act. Clearly, BSA compliance is an important building block for our national security; but the world has drastically changed since it was adopted in 1970. As the United States takes steps to combat terrorism and financial crime, now is the time to update BSA compliance requirements in order to develop a system suited to the twenty-first century.

The resources devoted to compliance, especially BSA compliance, are significant for a bank of our size. Sunstate Bank has seven people in compliance, six of which are just in BSA. BSA is the largest department in the bank. We only have four full-time lenders. That means that we have fewer staff devoted to making loans that benefit the community than we have devoted to compliance.

Our experience is not unique. In 2007, 14% of Florida banks had five or more BSA employees. Now, 38% have five or more. While some of this increase is due to acquisitions, much has been driven by regulatory pressure and the heightened regulatory risk of enforcement actions.

This is not a recipe for success. BSA expenses were more than 10% of total expenses for our bank in 2016. The more we spend on compliance, the less we have to spend on services for our communities. Every $100,000 spent on compliance translates to $1,000,000 less we can lend. 

The added costs of BSA compliance—on top of the significant costs from Dodd Frank—have led to the disappearance of many smaller banks in Florida. For example, 111 banks merged or sold after Dodd Frank was enacted—a consolidation of more than 50% of all Florida banks in just seven years.

Even more important than the direct costs of BSA compliance is the impact on our customers. For example, many legal businesses are labeled “high risk” by regulators. This means banks must collect more data, do more analysis, provide more oversight, and engage in more site visits—all of which translates into higher costs for us and our customers. The best option, in many cases, is to not bank certain industries and certain customers, and to even ask existing customers to close their accounts. From the bank’s perspective, the economics of compliance make it unprofitable to maintain certain accounts.

This has serious drawbacks: First, it makes no sense to create a system that drives legitimate customers outside the formal banking system to less regulated or even unregulated providers. Second, it creates a series of financial transactions that may not be reported or available to law enforcement. And third, it can create a shadow financial system that is readily available for criminals and terrorists.

We need to modernize our approach. Bankers should not be serving as un-deputized law enforcement agents. For example, rather than banks doing a full-blown investigation on a suspicious transaction, banks should file a short Suspicious Activity Report and let law enforcement agents do what they are trained and qualified to do.

Moreover, the partnership between law enforcement and the private sector needs to be a two-way street to succeed. Banks produce a huge amount of information, but seldom get any feedback on its use or effectiveness. More communications from law enforcement is needed to help banks focus resources in more useful ways. We also need to eliminate red tape that restricts banks from sharing information with each other.

Finally, we need to focus on real risks appropriate to the institution. For example, many of the 5% to 10% of our customers that are considered ‘high risk’ by the regulators would probably not even be on the radar of very large banks. Our customers complain all the time that small banks are asking questions that larger banks never ask.

We all want to fight money laundering and terrorist financing. We are only asking that regulation be sensible so that resources are used wisely and efficiently to combat the crime. Thank you for holding this hearing today. I look forward to answering your questions.

Sunstate Bank employees sponsor the 2018 Walk Like MADD and MADD Dash 5K

The Sunstate Bank team was front and center at the 2018 Walk Like MADD and MADD Dash 5K held on February 24, 2018 at Tropical Park as a ‘Friends of MADD’ sponsor. In addition, Sunstate Bank employees distributed 100 backpacks to the event participants. MADD was founded by a mother whose daughter was killed by a drunk driver, Mothers Against Drunk Driving is the nation’s largest nonprofit working to protect families from drunk driving and underage drinking. The organization’s work has helped save nearly 30,000 young lives since the passage of the 21 Minimum Drinking Age Law. Every dollar donated remains in the South Florida community to provide victim services and prevention education at no cost.

About Sunstate Bank

Sunstate Bank, with approximately $230 million in assets and two locations, is a full-service community bank founded in 1999 and headquartered in Miami-Dade County, serving both domestic and international customers. Sunstate Bank and its employees are very community focused and support a number of local community organizations. Sunstate Bank is truly a “Community Bank” with “International Expertise”. To find out more please visit www.sunstatefl.com.

Sunstate Bank goes "Over the Edge" for Miami Youth For Christ

Sunstate Bank recently partnered with Miami Youth For Christ (YFC) to stop youth violence by rappelling a ten-story building to raise awareness for this great cause. Miami YFC is committed to empowering the children, youth, and families of our community by providing faith-based services that enhance their emotional, spiritual, physical, and educational well-being through various outreach programs. The center runs 35 programs weekly at 15 ministry sites servicing over 5,000 youth annually. This year’s fund raising campaign was to #StopYouthViolence. Sunstate Bank is YFC’s bank, and an important component of Sunstate’s Mission is to give back to the communities we serve. Through a direct contribution by Sunstate Bank, and contributions from friend and families of the Bank, we were able to raise almost $3,000 in support of the Mission of Youth for Christ.

Sunstate Bank, with approximately $230 million in assets and two locations, is a full-service community bank founded in 1999, headquartered in Miami-Dade County, and serving both domestic and international customers. Sunstate Bank and its employees are very community focused, and support a number of local community organizations. Sunstate Bank is truly a “Community Bank” with “International Expertise”. To find out more please visit www.sunstatefl.com.

Sunstate Bank Employees Embrace the Holidays

From toy drives to food drives, the employees of Sunstate Bank were very busy during the holidays. Each branch embraced a cause. The Fall branch employees joined Peterson’s Harley Davidson with the 2nd annual Sugar-4-Kids Toy Drive. The toys collected from employees and customers of the bank were distributed on December 9th at the West Perrine Park where nearly 1,500 toys were handed out. Sugar-4-Kids had a dual mission this year – brighten the holiday spirits of underprivileged children living in West Perrine and to raise enough funds to buy 1,000 laptops and tables, preinstalled with Microsoft Word, for middle school bound West Perrine students. The Coral Gables branch employees participated with the Kiwanis Club of Colombia USA in the annual Thanksgiving food drive. Over 100 thanksgiving meals were packaged and delivered by the Coral Gables branch employees to families including homeless families of students at Southridge High School in Cutler Bay, Florida. This event was followed by a toy drive during December.  Bank wide, employees prepared gift boxes which were delivered to Samaritan’s Purse for Operation Christmas Child, a project of Samaritan’s Purse, an international relief organization. Their mission is to provide local partners around the world with shoeboxes filled with small toys, hygiene items, and school supplies as a means of reaching out to children in their own communities. The boxes are shipped outside the United States to children affected by war, poverty, natural disaster, famine, and disease; and to children living on Native American reservations in the U.S.

Sunstate Bank, with approximately $230 million in assets and two locations, is a full-service community bank founded in 1999, headquartered in Miami-Dade County, and serving both domestic and international customers. Sunstate Bank and its employees are very community focused, and support a number of local community organizations. Sunstate Bank is truly a “Community Bank” with “International Expertise”. To find out more please visit www.sunstatefl.com.

2017 CCIM Outlook Conference

Sunstate Bank proudly sponsored the Florida CCIM Chapter Miami-Dade Monroe District that held its annual Commercial Real Estate Outlook Conference on Wednesday, January 18, 2017. The event was organized by the CCIM Institute (Certified Commercial Investment Members), which was established in 1954 to give commercial real estate practitioners a previously unrealized opportunity to further their business practices through focused education and networking opportunities. During the event, keynote speaker George Ratiu, from the National Association of Realtors, discussed the national economy and then specifically addressed the Miami/South Florida economy and commercial real estate market. Mr. Ratiu was followed by local experts in the office, industrial, investments, retail and financing markets. The conference took place with approximately 300 commercial real estate brokers, attorneys and lenders at the Coral Gables Country Club. 

ABOUT CCIM Institute

  • CCIM is comprised of one of the largest commercial real estate networks in the world.
  • Approximately 13,000 professionals, only six percent of all commercial real estate practitioners, hold the respected CCIM designation throughout every state, across Canada and Mexico, and in more than 30 nations overseas.
  • The CCIM network represents a diverse group of commercial real estate professionals that reflect multiple disciplines within the industry, including leasing, appraisal, commercial brokerage, investments, property management, lending/mortgage banking, legal and development.
  • The CCIM designation makes you a part of a special group of like-minded professionals who all share the same aspirations – to be successful in their careers and to help others like ourselves to be successful as well.
  • If you ask around the industry, you’ll learn that companies and other real estate professionals are more likely to seek out experts who possess the CCIM designation, as they know CCIM stands for trust, knowledge, reliability, hardwork and ethics.
Picture: Britt Rosen, Executive District Committee Chair and owner of Brittex Appraisal Services, Inc. standing next to the 2017 CCIM Conference Sponsor?s panel.
Sunstate Bank helps building a home for a single mother of two

On Saturday December 7th 2016, Sunstate Bank’s Executive Vice President and COO Ms. Yvonne Debesa participated together with the Miami Habitat's Women's Leadership Council in a Women Build. Since 1989, Habitat for Humanity of Greater Miami has been working to eradicate poverty housing and homelessness by offering low-income families an opportunity to build and purchase a home of their own. Sunstate Bank has been sponsoring the organization since 2016, when the bank participated in fundraising for Habitat’s Women Leadership Council. As a project for the coming New Year, the Sunstate team landscaped and a Women’s Build sponsored construction of a new house at Liberty City for Ms. Johnson, a single Mother of two children.  The happy owner will finally be able to move into the new house in early 2017. From Sunstate Bank we are proud to continually help the Community and improve our neighbor’s quality of life. We wish a happy life to Ms. Johnson and her family in her new home.  

ABOUT WOMEN’S BUILD 

Since 1997, 11 Women Build homes have been built in Miami with volunteers from all walks of life. Though our neighborhoods are comprised largely of women and children, they are also the populations most likely to be affected by poor living conditions. Our Women Build events provide the opportunity for women to take a proactive step in serving their communities. The proceeds of this event will be directed toward construction costs of a Women Build home.

ABOUT HABITAT FOR HUMANITY

Since 1989, Habitat for Humanity of Greater Miami has been working to eradicate poverty housing by offering low-income families an opportunity to build and purchase a home of their own. The families must invest a minimum of 250 hours of “sweat equity” on their homes and the homes of other partner families prior to purchasing the homes with a zero percent mortgage. Habitat is a Non-Profit, Christian ministry that houses people of all faiths and backgrounds. Funding for Habitat’s mission comes from individual and corporate donations, grants, proceeds of home sales and ReStore revenues. Habitat’s ReStore sells donated home improvement goods such as furniture, appliances and more.

SFBI CEO Panel 2017

South Florida Banking Institute started the new year by introducing several prominent leaders of the banking industry for the SFBI CEO Panel 2017. The event took place on January 18, 2017 at the Miami Airport Hilton’ and featured special guest speakers that included President and CEO of Sunstate Bank of Florida - Lloyd Devaux, President and CEO of Gibraltar Private Bank & Trust - Angel Medina, President and CEO of Pacific National Bank - Carlos R. Fernandez-Guzman, and Executive Vice President of First National Bank of South Miami- Veronica B. Flores. 

During the event, the speakers discussed leadership success and best practices. The night was enlightened by the leader’s experience in how to best lead and empower their organizations. Exercising good mentorship practices, such as believing and curating your team, will help maintain drive performance and growth within your organization. One of the critical points discussed was the importance of staying aligned with your core mission. These leaders inspired encouragement and passion through their personal experiences on their journey to leadership. Never feeling satisfied, staying current, and being the best person you can be are just small parts of becoming a great leader. Passion is contagious.

ABOUT THE SOUTH FLORIDA BANKING INSTITUTE

The mission of the South Florida Banking Institute (SFBI) is to serve the banking community by providing educational opportunities and creating an environment that allows the building of relationships. SFBI provides a forum for addressing topics relevant to the banking industry. Through these efforts we create value by providing resources to our member organizations in the ever changing banking environment.

Source: South Florida Banking Institute website: www.soflbi.com

Picture 1: Mr. Lloyd DeVaux President and CEO of Sunstate Bank of Florida speaking at the SFBI CEO Panel 2017.
Picture 2: From left to right, Ms. Veronica B. Flores, Mr. Carlos R. Fernandez-Guzman, Mr. Angel Medina and Mr. Lloyd DeVaux at the SFBI CEO Panel 2017.
Picture 3: From left to right, Ms. Veronica B. Flores, Mr. Carlos R. Fernandez-Guzman, Mr. Angel Medina and Mr. Lloyd DeVaux speaking at the SFBI CEO Panel 2017.
Sunstate Bank sponsors the 36th Annual West Perrine Honoring Dr. Martin Luther King Jr. Holiday Celebration

On January 12, 2017, the Sunstate Bank executives participated in the West Perrine Community Development Corporation Celebration Honoring Dr. Martin Luther King Jr. Breakfast their 36th Annual Holiday Celebration.  For almost two decades Sunstate Bank has been supporting the "dreams" of our South Florida Communities. For 2017, Sunstate Bank is again proud to sponsor the West Perrine Community Development Corporation Celebration Honoring Dr. Martin Luther King Jr.

The event that was sponsored by more than 33 organizations took place at the Miami Airport & Convention Center DoubleTree by Hilton. The keynote speaker Dr. Bernard LaFayette, Jr., who is a reputed Civil Rights Movement activist, minister, educator, lecturer and authority on the strategy of Nonviolent Social Change. The event was also animated with the Motown Sound & like Music of the 60s, 70s, 80s, and 90s from “The Old Skool Gang” music band.

The West Perrine Community Development Corporation Celebration Honoring Dr. Martin Luther King Jr. Breakfast was only the tip of the iceberg for a celebration that had a busy schedule with events such as the “MLK Business EXPO” on January 13, followed by the “Holland & Knight” and the “Chicks & Wings” on January 14 and closing the celebration with the “Dr. King’s Holiday” on January 16

About West Perrine Community Development Corporation Inc

Since its inception in 1985, the West Perrine Community Development Corporation (WPCDC) has sought to address the redevelopment of the West Perrine area in a measured and comprehensive manner. A strategic plan of action was developed to promote the creation of affordable housing, new, viable business enterprises and to foster the growth of established businesses. 

Sunstate Bank participates in the 9th Annual Chili Day in Cutler Bay

On January 27, the Sunstate Bank team participated in the 9th Annual Chili Day in Cutler Bay; as we have for a number of years. Contestants from all over the area bring their Chili, Salsa, and Cornbread recipes ready to compete in different categories, such as the best Chili and the best-decorated booth.

Even though Sunstate Bank didn’t participate as a contestant, the team brought their own delicious homemade Chili and cornbread to the event.  Chili Day took place at the Cutler Ridge Park with visitors from all over the town and surrounding areas participating enjoying great food, games and music.

About Sunstate Bank

Sunstate Bank, with approximately $230 million in assets and two locations, is a full-service community bank founded in 1999 and headquartered in Miami-Dade County, serving both domestic and international customers. Sunstate Bank and its employees are very community focused and support a number of local community organizations. Sunstate Bank is truly a “Community Bank” with “International Expertise”. To find out more please visit www.sunstatefl.com.

About the Town of Cutler Bay

Cutler Bay is a town incorporated in Miami-Dade County, Florida established in 2005, with a current population of approximately 44,300 Since 2005, the Town of Cutler Bay has provided residents with outstanding public schools, green areas, a Town’s Circulator bus and many other amenities. Now Cutler Bay is governed by a five-member Town Council and operates under a Council-Manager form of government.

Sunstate Bank sponsors the 37th Annual West Perrine Honoring Dr. Martin Luther King Jr. Holiday Celebration

On January 11, 2018, the Sunstate Bank executives participated in the West Perrine Community Development Corporation Celebration Honoring Dr. Martin Luther King Jr. Breakfast; which was their 37th Annual Holiday Celebration.  For almost two decades Sunstate Bank has been supporting the "dreams" of our South Florida Communities. For 2018, Sunstate Bank is again proud to sponsor the West Perrine Community Development Corporation Celebration Honoring Dr. Martin Luther King Jr.

The event, that was sponsored by more than 30 organizations, took place at the Miami Airport & Convention Center DoubleTree by Hilton. Since its inception in 1985, the West Perrine Community Development Corporation (WPCDC) has sought to address the redevelopment of the West Perrine area in a measured and comprehensive manner. A strategic plan of action was developed to promote the creation of affordable housing, new viable business enterprises, and to foster the growth of established businesses. 

About Sunstate Bank

Sunstate Bank, with approximately $230 million in assets and two locations, is a full-service community bank founded in 1999 and headquartered in Miami-Dade County, serving both domestic and international customers. Sunstate Bank and its employees are very community focused and support a number of local community organizations. Sunstate Bank is truly a “Community Bank” with “International Expertise”. To find out more please visit www.sunstatefl.com.

Sunstate Bank sponsors The Deering Estate Foundation's Field Study Scholarship Program

For the second consecutive year, Sunstate Bank is a proud sponsor of The Deering Estate Foundation’s scholarship program with a donation to fund the Field Study Scholarship Program at Deering Estate. The donation will provide financial assistance to qualified local Miami-Dade County Title 1 Schools to be used for underwriting the program fees of participating students in the Deering Estate Field Study and/or bus transportation costs transporting students to and from the Deering Estate. All grade levels (K-12) may apply for the scholarship. Students are required to write a short reflection piece of what was learned during their participation in the field study.

About Sunstate Bank

Sunstate Bank, with approximately $230 million in assets and two locations, is a full-service community bank founded in 1999 and headquartered in Miami-Dade County, serving both domestic and international customers. Sunstate Bank and its employees are very community focused and support a number of local community organizations. Sunstate Bank is truly a “Community Bank” with “International Expertise”. To find out more please visit www.sunstatefl.com.