Florida Banking April 2024

TRUST AND WEALTH MANAGEMENT MINI FEATURE

FIRST NATIONAL BANK OF MOUNT DORA: BANKING ON COMMUNITY

THE RIPPLE EFFECT OF ROBUST WEALTH MANAGEMENT AND STRONG RELATIONSHIPS

F or nearly a century, the First National Bank of Mount Dora (FNBMD) has not only been a familiar part of Lake County but also has played a pivotal role in helping the area grow and prosper. This undoubtedly stems back to the relationships they have built. From their first days to today, their commitment to the people they serve and to the surrounding community has been unwavering. And while the way people bank has changed significantly over the decades, FNBMD’s dedication to its community has not. This steadfast commitment is just one aspect

FNBMD has also applied its knowledge and expertise to directly benefit the community. The Trust and Investment Department acts as the Trustee for the Mount Dora Community Trust, managing funds that are donated to support education, community activities and charitable organizations. Established in 1972 by a visionary donor, the philanthropic trust simplifies the creation of sub-trusts and manages funds for community benefit. With contributions from numerous donors, it supports various local causes. Notably, it funded the restoration of Mount Dora’s historic railroad station, which houses the Chamber of Commerce.

that makes FNBMD unique. They have long since combined their relationship-driven focus with both wealth management strategies and trust expertise. Seeing a need in the community, FNBMD established the Trust and Investment Department in 1965. What started as simply helping friends and neighbors manage and grow their financial assets and make smarter decisions with their money, evolved into providing comprehensive support to individuals

Beneficiaries include local schools, cultural organizations, animal shelters and community parks. Its broad scope reflects the interests of those who live and work in Mount Dora, ranging from aiding abused individuals and animals to enhancing cultural facilities and supporting community celebrations. This is especially rewarding for those at FNBMD, who have the ability to see firsthand the results of

"WE ARE ACCESSIBLE AND HAPPY TO SPEND TIME WITH OUR CLIENTS, GETTING TO KNOW THEM BETTER AND HAVING A FULL AND COMPREHENSIVE UNDERSTANDING OF THEIR INDIVIDUAL NEEDS AND EXPECTATIONS."

- JANICE EPAILLARD

in various life stages and situations, ensuring the protection of their wealth through a wide range of strategies. Throughout the years, they further honed their capabilities to better serve clients by staffing their team with CPAs, CFAs, and CFPs who possess a deep knowledge of both estate and financial planning. And just this year, they exceeded $1 billion in assets under management.

their community commitment. It’s clear that strong relationships based on service and trust are at the heart of all that FNBMD does. Knowing that taking charge of financial futures can be daunting for many, FNBMD investment advisors offer the guidance and assurance necessary to define and achieve their clients’ personal version of success. “We are accessible and happy to spend time

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