If you live in Florida, your preferences and needs should take the lead when choosing a bank. So, they can’t quite be described as “Florida banks.” These digital banks provide services through online and mobile access, and their low overhead from not maintaining branches helps enable them to offer higher interest rates and lower fees. People in Florida also have the choice of banking with online banks that have no brick-and-mortar locations and operate virtually everywhere in the U.S. The Fed says a community bank holds less than $10 billion in assets. Florida’s community banks may have as few as one or two branches, where customers can apply for a narrow selection of banking products.

Most of their depositors live in the local community, which is also where the banks make many of their loans. banks are community banks that serve small geographic areas. The Federal Reserve considers a bank a regional bank if it has total assets of between $10 billion and $100 billion. These midsize banks typically provide a mix of banking products for both consumers and businesses. The regional banks have chains of branches that are confined to a region of the U.S., like the Southeast or Florida and neighboring Alabama. The largest national banks-namely Chase, Bank of America, Citibank and Wells Fargo-each hold trillions of dollars in assets. The nationals offer wide assortments of banking products, including checking and savings accounts, mortgages, credit cards and investment services.

In Florida’s major cities, it’s not hard to find America’s banking behemoths-the huge national banks with familiar names and large branch networks. While there are several options, most banks in Florida belong to one of the following categories.

The right bank may depend on the type of bank you prefer. Customer Satisfaction Index Score (Based on 1,000-point scale)

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