Understanding the Importance of Banking Locally

In an age where digital technology has revolutionized the way we manage our finances, the idea of banking locally and handling your finances face-to-face might seem outdated. From automated loan underwriting and remote deposit capture to a future that includes artificial intelligence, the way we handle our financial affairs continues to move forward at warp speed. There’s no doubt that the power of digital transformation has made the banking experience faster and easier. However, the importance of maintaining strong, local banking relationships should not be underestimated—the value of trust, accountability, tailored solutions and community support that local banks provide cannot be overstated. When you choose to bank locally, you not only invest in your own financial well-being but also in the future of your community.

  1. Fostering Trust and Accountability

The Bank of Tampa has a deep-rooted history within the Tampa Bay region, having served generations of clients. This long-standing presence fosters a sense of trust, and accountability, which is difficult to replicate with larger national or international banks. Our relationship managers are long-tenured community leaders with deep connections throughout the Tampa Bay area. In addition to their wealth of knowledge and experience, they offer a level of familiarity and comfort that’s hard to find elsewhere.

Additionally, face-to-face interactions offer a sense of accountability. Our relationship managers are more likely to go the extra mile to assist you because they know you, personally, and have cultivated a relationship beyond standard transactions. This accountability can be especially crucial in times of financial stress such as economic downturns or when unexpected challenges arise.

  • Tailored Financial Solutions

The Bank of Tampa’s relationship managers have a deep understanding of the local economy and the unique financial needs of the Tampa Bay community. This knowledge allows them to provide tailored financial solutions that meet clients’ specific needs. Whether it’s a business loan, a mortgage or financial advice, our relationship managers can offer solutions that are relevant, and customized, to each personal scenario.

  • Supporting the Local Economy

When you bank with The Bank of Tampa, you are investing in your own community. We help businesses thrive, and grow, by providing them with capital, which often leads to job creation. By choosing to bank locally, you are indirectly contributing to the economic development of the Tampa Bay region, a win-win for everyone.

  • Quick and Efficient Problem or Fraud Resolution

Having a financial partner that is immediately available ensures our clients experience quick, and efficient, problem resolution. Instead of navigating phone systems or waiting for email responses, our relationship managers are available to assist with any issues or concerns. This immediate feedback can save you time and reduce stress when dealing with complex financial matters or fraud situations that could put your business at risk.

  • Building Personal Relationships

Banking locally isn’t just about financial transactions—it’s also about building personal relationships. At The Bank of Tampa, we pride ourselves on being a community bank that thrives on personal relationships. This gives our clients the best overall banking experience. We don’t just work in this community we live here too. That helps us understand the lifestyle, and needs, of our local clients and lets us cater to them more effectively.

  • Community Involvement

The Bank of Tampa is actively involved in community events and initiatives. We sponsor local charities, support schools and participate in community projects. In 2022, alone, we donated more than $550,000 to more than 167 charitable organizations. Additionally, our employees volunteered more than 8,500 hours of their time through non-profit organizations. When you bank locally you indirectly contribute to these efforts, helping to create a stronger and more vibrant community.

Leveraging the power of digital transformation in today’s world is no longer a choice; it’s a necessity. Financial technology must be used to enhance meaningful connections, rather than replace them.

Scott Gault

Building trusted, meaningful relationships is how The Bank of Tampa has always conducted business and that is never going to change. As we continue to invest in technology and innovations, we will never stop investing in you.

About Scott Gault

Scott serves as the Hillsborough and Pasco County Market President at The Bank of Tampa. In his role, he is responsible for the overall leadership and business development efforts for the bank’s Hillsborough and Pasco markets. Additionally, he has enterprise responsibility over the bank’s Small Business Administration (SBA) and Middle Market banking teams. Scott offers more than 30 years of experience in the financial services industry. Scott serves on the University of South Florida’s Muma College of Business Executive Advisory Council. Additionally, he serves on the board of directors for St. Anthony’s Hospital Foundation, WEDU PBS and the Tampa Bay Chamber of Commerce. Scott holds a master’s in business administration with a focus in international finance from Florida Metropolitan University. Scott earned his undergraduate degree from Fairleigh Dickinson University in Teaneck, New Jersey. He is also a GE Capital trained Six Sigma Green Belt.

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