Quarterly Update  Fall 2013

From the Desk of... Scott C. Boyle

Is it too late?
Did you miss the opportunity to refinance your home mortgage? Should you have pulled the trigger and bought that commercial office or manufacturing building that you have had your eye on? Or how about that apartment building that could provide you with a nice income stream in the years to come? We continue to read and hear that interest rates are on the rise. Although most in the know would agree that there is certainly more upside than downside pressure on rates, fact is, rates continue to ride along at historic low levels. (Do you remember when Prime Rate was 21.5% in the winter of 1980? Today it is 3.25%). I would urge you to take advantage of what is still a “borrowers” market.

Bay Cities Bank has money to lend, in fact, the bank closed on nearly $80 million in new loan production for the first six months of the year. We have the products and expertise to assist you with nearly any credit need. From a wide array of competitive residential products to virtually any type of commercial financing including mortgages, lines of credit, equipment and inventory loans. Bay Cities can tailor a loan structure to fit your needs. In addition, the bank has an SBA lending division that is second to none in the marketplace with lenders that know SBA.

So, is it too late?
We don’t think so and our lenders are ready to assist you with your credit needs NOW. Stop by or call any of our offices and let us show you how Bay Cities can help you take advantage of the market.




Business Credit Cards Designed for Your Purchasing Needs


Contact your account officer or local branch for details


Featured Client

Boley Centers

Boley Centers is a private nonprofit psycho-social rehabilitation agency. Since 1970, Boley has been providing residential, psychiatric, educational, skills training and vocational services for people who have severe and persistent mental illnesses and who may also have substance abuse problems. Boley’s mission is to enrich the lives of the people in recovery by providing the highest quality treatment, rehabilitation, employment and housing services.

Boley has grown from a small, single facility halfway house for men to a large psycho-social rehabilitation agency with a broad range of rehabilitative services. Boley’s residential options - from highly structured group homes to permanent, supported apartments - provide affordable, attractive, safe living opportunities for over 1,200 individuals, making Boley a leader in residential services and housing opportunities in the southeastern United States. Boley provides day treatment services, supported housing, supported living, counseling, assertive community treatment, case management, supported employment, vocational evaluation and assessment, competitive job placement, psychiatric services for adults with disabilities, and employment programs for disadvantaged youth.

Boley is funded through a variety of different state and federal agencies as well as personal donations, foundations and the Boley Angels, an auxiliary group dedicated to providing Boley consumers with funding for medical and dental needs. The agency’s major fund raiser is the Jingle Bell Run, a fun run held along St. Petersburg’s waterfront. This year’s 31st annual run will be held December 13, 2013.

Gary MacMath, Boley Centers’ longtime President & CEO states, "Boley is proud to do business with Bay Cities Bank where we receive the personal touch we need to effectively serve our clients and our great community!"

For more information on Boley Centers and how to make a donation please visit www.boleycenters.org.

Meet Our Team

Thomas "Moe" Kruger

Vice President
SBA Business Development Officer

Mr. Kruger is an SBA lender in the in the Sarasota/Bradenton market. He has lived in the Sarasota area since 1978. He has a Bachelor of Science degree from the University of Florida with a major in Marketing from the Warrington College of Business Administration.

Mr. Kruger has 23 years of experience in banking and started his career as a branch manager of two offices for First Union Bank. He moved over to the commercial side of the bank in 1998 and began specializing in new business development and small business lending. During his career he has volunteered with Habitat for Humanity, Sarasota Parks and Recreation and mentored Sarasota High School students. He is currently heading up the local chapter for CBMC (Christian Business Men’s Connection)

Moe and his wife (Jenny) of 25 years have one daughter, Jordan, who is currently working on her PhD at Georgetown University in Bio-Chemistry and Molecular Biology with an emphasis on Bio-Informatics.

Moe is watchful of his client’s best interest and believes partnering with them brings successful results.

Robert L. Williams III

Senior Vice President
Commercial Lending Officer

Born in Coral Gables Florida, Bob moved to the Tampa Bay area in 1963. He attended St. Petersburg Junior College and University of South Florida studying Political Science, Law and Philosophy. Mr. Williams joined Bay Cities Bank in September 2012 with 36 years of banking experience specializing in corporate & commercial lending, credit administration, loan review and special assets.

Mr. Williams is a member of several respected Committees and Boards in St. Petersburg. He is Commissioner & Vice Chair of St. Petersburg Enterprise Zone Development Agency, Director of the Neighborhood Lending Partners, and Member of Pinellas County Health & Human Services Low Income Housing Network, St. Petersburg Chamber of Commerce, Green Task Force, Leadership St. Petersburg, St. Petersburg College Palladium Advisory Board, and St. Petersburg College Para Legal Advisory Board.

Bob is an avid traveler and enjoys learning about different cultures, art, history and food. He has traveled most of the United States, parts of Canada, Central America, Caribbean, and has spent the last few years exploring Europe.

Bob values the partnership he has with each of his clients; behind every account number there is a business leader or owner. These connections open doors of opportunity and cultivate the business climate in Tampa Bay.

West Shore - Main Office
4301 W Boy Scout Blvd., Suite 150
Tampa, FL 33607

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