FINANCE
IT’S AS EASY AS 1-2-3 TO FILE FOR
EXEMPTIONS ONLINE
Go to www.paslc.org
Have your Florida Driver’s License and Social
Security Number with you to fill out the required questions.
Print out your application after you have completed it.
Michelle Franklin, Certified Florida Appraiser
TCBusiness.com 25
the South State Bank name
and be based at CenterState’s
headquarters in Winter Haven.
CenterState is strongest in
Florida and has no locations in
South Carolina, where South
State has its most locations.
CenterState has 11 locations
in the four-county area and in
mid-2019 had a 7.3 percent
share of the area’s deposits,
sixth among financial institutions,
according to the FDIC.
LARGEST MERGER
The Treasure Coast also has
a piece of the largest bank
merger since the 2008-2009
financial crisis, between Sun-
Trust and North Carolina-based
BB&T, valued at $66 billion
when the deal closed in early
December. The new company
is called Truist Financial Corp.,
based in Charlotte.
According to FDIC records,
SunTrust, once known as
Sun Bank, is the third-largest
financial institution in Florida,
behind Bank of America and
Wells Fargo. BB&T is Florida’s
seventh-largest.
Truist unveiled a new purple
dominated logo in January,
but for now SunTrust and BB&T
branches on the Treasure Coast
will remain as they are. The
full transition could take up to
two years, according to Truist
officials.
SunTrust and BB&T have
nine locations in St. Lucie
County, eight in Martin, four
in Indian River and one in
Okeechobee. Truist is now the
sixth-largest bank by deposit
count in the United States and
has locations in 17 states from
Pennsylvania to Texas with its
strongest concentration in the
Southeast.
In mid-2019, Martin County
had total bank deposits of
$5.23 billion, 21st among Florida’s
67 counties; Indian River
had $4.7 billion for 24th place;
St. Lucie had $4.15 billion for
26th place; and Okeechobee,
$537 million for 44th place in
the state. >>
FILE FOR EXEMPTIONS ONLINE
Fort PierceOffice
2300 Virginia Avenue, Room 107
Fort Pierce, FL 34982
Saint Lucie West Office
250 NW Country Club Drive
Port Saint Lucie, FL 34986
Our Promise to You…
Superior Service,
Trusted Results
Phone:772.462.1000
Website: www.paslc.org
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It takes less than 10 minutes to file online!
GREGORY ENNS
This SunTrust Bank is one of 21 Treasure Coast area SunTrust and BB&T branches
that will eventually sport the new Truist colors of purple and white. There
is also one SunTrust branch in Okeechobee that will become Truist. SunTrust
and its predecessors have had a presence in downtown Fort Pierce since the
1920s. Its most recent location is in downtown’s Renaissance Building.
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