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Palm Coast, FL---- Bruce Page, President and Chief Executive Officer, announced the addition of L. J. (Larry) McDermott to the Intracoastal Bank team as Vice President/Business Development Officer. Prior to joining Intracoastal Bank, McDermott was Managing Member of RWF Properties in Daytona Beach. He comes to Intracoastal Bank with a wealth of banking experience in Flagler and Volusia Counties; working with SunTrust Bank, Peninsula/ Southern Community Bank and Floridian Bank. During his thirty plus years in banking, McDermott has served in various capacities in Commercial Lending and Business Development.

Mr. McDermott has been active with the Daytona Beach Chamber of Commerce, Habitat for Humanity, Mid Florida Housing Partnership and various committee assignments with the City of Daytona Beach as well as many other local business and civic organizations. He is a graduate of Mercer University and also has attended DSC, University of Central Florida and Stetson University.

Page stated, “We are excited about Larry McDermott joining our team. As a longtime resident of this area and his vast experience in banking, he is particularly well-suited for our team and will play a vital role within the Bank.”

Intracoastal Bank is located at 1290 Palm Coast Parkway, NW, Palm Coast, Florida 32137. The Bank is headquartered in Flagler County’s with total assets of $112,446,909 at December 31, 2010. The bank offers a full range of deposit and loan products tailored to meet the needs of customers and the community. The bank is a state charted commercial bank, member FDIC.