Florida Banking August/September 2024

for more than 12 years, holding positions as a member, chairperson and Trust and Investment conference chair. Additionally, she served on the Trust Division Executive Committee for 10 years and was involved in many other committees prior to that time. She graduated from the FBA Graduate Trust School at the University of Florida and attended Lake Sumter State College. Tallman is a Certified Trust & Financial Advisor, Accredited Estate Planner®, and Trust and Estate Practitioner. Under Nacaxe’s leadership and with the help of his team, the department has transitioned to a state-of-the-art cloud-based accounting system. This upgrade has led to a remarkable transformation, increasing flexibility, accessibility, and efficiency in the department’s financial operations. In addition to operational improvements, financial gains have also occurred. Over the past five years, the assets under its management have surged by 45 percent, nearly reaching the quarter of a billion-dollar mark. This growth is a testament to the Trust team’s management skills as well as to USB’s commitment to top-notch service. The department stands out for its personalized approach, tailored investment strategies, and comprehensive estate planning services, making it a trusted partner for individuals and families in the region.

The Trust Department’s substantial growth has not been isolated. Since USB’s founding, Central Florida’s economy — historically driven by citrus production — has experienced significant changes and rapid residential development. USB has capitalized on the region’s population growth, establishing 12 branches throughout Lake, Marion and Sumter Counties. As the baby boomer generation flocks to the area, USB is prepared to meet the needs of an unprecedented regional migration. USB’s branches strategically span between the two fastest-growing metropolitan areas in the nation: The Villages and Orlando. The Villages represents the largest private development in the country, with more than 144,000 residents; it is projected to continue expanding for another 20 years. Orlando is Central Florida’s most populous city; it witnessed its highest-ever influx of residents between July 2022 and July 2023. No matter how much the region grows, USB and the USB Trust Department are ready to adapt to meet the needs of their customers and the local communities they serve. With 12 offices in the Lake County area and more than 86 years of community banking experience, United Southern Bank remains committed to building strong customer relationships, prioritizing community service, and continuing with its mission that began in 1937: To be the bank that cares. ̮̭

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SEPTEMBER 19-20 RITZ CARLTON, FORT LAUDERDALE

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www.FloridaBankers.com FBA Director of Education Marilyn Matherne, mmatherne@floridabankers.com

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