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Intracoastal Bank Announces Anand Jobalia As Board Member

Daytona Beach, FL( October 5, 2018) – Bruce Page, President and Chief Executive Officer, announced today the addition of Anand Jobalia to the Intracoastal Bank Board of Directors. In this capacity Mr. Jobalia will join the bank board of directors in playing a critical role in the successful operation of the Bank. As a director he will help make sure the Bank fulfills its responsibilities to its customers and the communities it serves.

We are delighted that Anand Jobalia has joined our Board of Directors,” said Bruce Page, “ His strong business experience and involvement in the local community, compliments our goals and he will play a vital role with the Bank,” he added.

Mr. Jobalia has over 18 years of business and community experience in the Flagler and Volusia market area. He has a long term track record of success with a variety of businesses in the real estate development and hotel industries. His many business ventures include the redevelopment of the Lotus Inn and Suites and the refurbishment of the Mainsail Hotel. In addition Mr. Jobalia has developed various single family residential communities in the Volusia and Flagler markets. He is also active in the community with his affiliation with the Margarita Society and the Hindu Society of Daytona Beach. Together with his wife Dr. Reena Sachdev they are raising their children here in our community.

“Coming out of the Great Recession my industry was greatly impacted and the inability of banks to lend money to developers paralyzed our business. Intracoastal Bank was the only financial institution who stepped up and partnered with us to see our vision succeed. In our world today with behemoth banks, Intracoastal Bank finds itself in the unique position of being the only community bank to serve the needs of our citizens. From their use of modern technology to personal interaction, Intracoastal has every aspect of banking covered. It’s a great honor to be a part of the life line of our local economy: Intracoastal Bank empowers small businesses and entrepreneurs to make their dreams a reality.”

Intracoastal Bank is a locally owned and operated financial institution. Intracoastal Bank’s Flagler County banking center is located at 1290 Palm Coast Parkway, NW, Palm Coast, Florida 32137. The Bank’s Volusia County Banking Center is located at 2140 LPGA Blvd., Daytona Beach, FL 32117. The Bank serves the Northeast and East Central Florida area. The bank offers a full range of deposit and loan products and services tailored to meet the needs of consumer and business customers. Intracoastal provides an unmatched client experience by offering a high-touch relationship based banking with high-tech delivery solutions. The company offers state of the art convenience through digital solutions including online and mobile banking and a 24-hour ATM network. The bank is a state chartered commercial bank, member FDIC. Corporate information and e-banking are available at www.intracoastalbank.net. They can be reached at 386-447-1662, or Facebook at https://www.facebook.com/intracoastalbank. For further information, please contact:

Bruce Page
President & C.E.O.

Cheryl Tanenbaum
Senior Vice President/Chief Financial Officer

Intracoastal Bank
1290 Palm Coast Pkwy. NW.
Palm Coast, FL. 32137
Direct Line: 386-449-0960
Main Office: 877-447-1662
Mobile: 386-503-7411
Fax: 386-447-1663