Financial Services in Jacksonville: From Barnett Bank to EverBank

Jacksonville's surviving downtown bank buildings named by the National Park Service date from 1902 to 1926, the decades after the Great Fire of 1901 (NPS downtown Jacksonville record).

The federal record says rebuilding ran at a feverish pace until the bank panic of 1907. None of the Jacksonville banks failed, it notes, though a general feeling of insecurity put off new construction for a year. When building resumed, local businessmen and outside capitalists set out to make Jacksonville, which had weathered the panic so well, the greatest metropolis in Florida (NPS).

A bank built one of the city's first skyscrapers. Construction of the ten story Atlantic National Bank Building at 121 West Forsyth Street began in August 1908 and finished in October 1909. In the 1920s land boom, the record says, new buildings enhanced Jacksonville's reputation as Northeast Florida's financial, commercial and industrial center: the Atlantic National Bank Annex at 118 West Adams Street went up in 1925 and 1926, and in 1926 the Barnett National Bank at 112 West Adams Street was one of five downtown skyscrapers under construction (NPS).

Barnett Bank is the largest former Jacksonville bank by assets on the FDIC list: the agency dates it from May 7, 1877 to October 8, 1998, and it is the largest of 65 inactive institutions the agency lists as headquartered in Jacksonville (FDIC BankFind).

Other large former Jacksonville banks on the FDIC list include Florida National Bank, established in 1906 and ending in 1990; two records for First Union National Bank of Florida, one running from 1903 to 1987 and the other from 1983 to 1997; Southeast Bank for Savings, from 1934 to 1989; Duval Federal Savings and Loan Association, from 1953 to 1990; and SunTrust Bank, North Florida, from 1968 to 2000 (FDIC).

Smaller local banks came and went more recently. Atlantic Coast Bank's record runs from 1939 to 2018 and The Jacksonville Bank's from 1999 to 2016. The FDIC records end dates but this page does not interpret the agency's change codes, so whether each ended in a merger, a purchase or another event is best checked in the individual FDIC history for that bank (FDIC).

Two FDIC insured banks are headquartered in Jacksonville today: EverBank, National Association, at 301 W Bay St downtown, and Florida Capital Bank, National Association, at 10151 Deerwood Park Blvd (FDIC BankFind).

The FDIC gives EverBank an establishment date of October 1, 1998 and 43 domestic offices, and Florida Capital Bank an establishment date of August 12, 1985 and 5 domestic offices. Both hold national charters from the OCC, which is also their regulator. (FDIC).

Not every Jacksonville finance company is a bank. FIS (NYSE: FIS) lists its address as 347 Riverside Avenue, Jacksonville, FL 32202 (FIS shareholder information), and the FDIC lists no other active insured bank with a Jacksonville head office (FDIC).

EverBank began in Jacksonville in 1998 as First Alliance Bank and has carried three other legal names since, according to FDIC history records (FDIC history; FDIC name history).

The FDIC records the institution as a new bank in Jacksonville on October 1, 1998, under the name First Alliance Bank. It became EverBank on February 2, 2004, TIAA, FSB on June 9, 2017, and EverBank, National Association on July 31, 2023 (FDIC). On May 28, 2010 the Jacksonville bank participated in FDIC assisted mergers and acquired branches through them, the FDIC history shows (FDIC).

Barnett followed a different path. The FDIC shows Barnett Bank of Jacksonville, National Association, renamed Barnett Bank, National Association on June 29, 1996, still based in Jacksonville. On October 8, 1998 it merged without FDIC assistance into NationsBank, National Association, which the record lists as the surviving institution (FDIC Barnett history). That merger date matches the end date on Barnett's FDIC institution record, which dates the Jacksonville bank to 1877 (FDIC).

Jacksonville banks answer to both state and federal regulators, since Florida has dual oversight of its banking system, according to the Florida Office of Financial Regulation (Florida OFR).

For Jacksonville institutions, the OFR's Division of Financial Institutions runs a Bureau of Bank Regulation, which examines state chartered commercial banks and is responsible for trust companies, trust departments and international bank offices statewide, and a Bureau of Credit Union Regulation for state chartered credit unions. Every Florida bank must carry FDIC insurance, and every Florida credit union must carry National Credit Union Share Insurance Fund coverage from the NCUA (OFR).

For a Jacksonville resident, the charter decides the regulator. Both banks headquartered in Jacksonville hold national charters, and the FDIC lists the OCC as charter agent and regulator for each (FDIC). The OFR describes its own role as periodic risk based examinations that keep each state chartered institution safe and sound, and its list of regulated institutions also covers family trust companies, defined in Chapter 662, Florida Statutes (OFR).

Federal establishment counts show a broad finance sector in Duval County: the Bureau of Labor Statistics counted 1,668 private finance and insurance establishments in 2025 (BLS QCEW, Duval County 2025).

Those include 555 establishments in credit intermediation (NAICS 522), 186 of them commercial banking offices or firms (522110); 406 in securities and investment work (523); and 677 in insurance carriers and related activities (524), of which 526 are agencies and brokerages (5242) (BLS QCEW). By this count, Duval County's insurance agency and brokerage establishments outnumber its commercial banking establishments, 526 to 186.

Last verified: October 18, 2026, by querying FDIC BankFind for active and inactive Jacksonville banks and the name histories of EverBank and Barnett, and by rereading the National Park Service downtown record, the Florida OFR division page, the 2025 Duval QCEW file and the FIS shareholder page.