Jacksonville has long had a regional legacy in banking and finance.
Locally headquartered Atlantic National Bank, Florida National Bank and Barnett Bank dominated the industry in Florida from the turn of the 20th century through the 1980s, before all being acquired in a national wave of mergers and acquisitions throughout the entire financial sector.
Acquired by NationsBank in 1997, Barnett Bank was the last of these banks to succumb to acquisition, and at the time was the largest banking merger in U.S. history.
The city still holds distinction nationally and internationally, boosting two Fortune 500 financial services companies, Fidelity National Financial and FIS, FIS being well recognized as a global leader in financial technology.
Headquartered on the banks of the St. Johns River in Downtown Jacksonville, EverBank holds the title of largest bank in the state by deposits.
The city is home to other notable financial services institutions including Ameris Bancorp, Atlantic Coast Financial, Black Knight Financial Services, MedMal Direct Insurance Company, US Assure, and VyStar Credit Union.
The city is also home to the Jacksonville Branch of the Federal Reserve Bank of Atlanta.

Jacksonville's financial sector has benefited from a rapidly changing business culture, as have other Sunbelt cities such as Atlanta, Tampa, and Charlotte.
In a concept known as nearshoring, financial institutions are shifting operations away from high-cost addresses such as Wall Street, and have shifted some trading functions to Jacksonville.
With relatively low-cost real estate, easy access by planes to New York City, high quality of life, and 19,000 financial sector employees, Jacksonville has become an option for relocating staff.

Deutsche Bank's growth in the city is an example of such change.
Jacksonville is the site of Deutsche Bank's second largest US operation; only New York is larger.
They also are an example of a business that has moved operations to the suburbs.
Other institutions with a notable presence in Jacksonville include Macquarie Group, Bank of America, Wells Fargo, JPMorgan Chase, Citi, Citizens Property Insurance, Fidelity Investments, Ally Financial and Aetna.
Jacksonville has long had a regional legacy in banking and finance. Locally headquartered Atlantic National Bank, Florida National Bank and Barnett Bank dominated the industry in Florida from the turn of the 20th century through the 1980s, before all being acquired in a national wave of mergers and acquisitions throughout the entire financial sector. Acquired by NationsBank in 1997, Barnett Bank was the last of these banks to succumb to acquisition, and at the time was the largest banking merger in U.S. history. The city still holds distinction nationally and internationally, boosting two Fortune 500 financial services companies, Fidelity National Financial and FIS, FIS being well recognized as a global leader in financial technology. Headquartered on the banks of the St. Johns River in Downtown Jacksonville, EverBank holds the title of largest bank in the state by deposits. The city is home to other notable financial services institutions including Ameris Bancorp, Atlantic Coast Financial, Black Knight Financial Services, MedMal Direct Insurance Company, US Assure, and VyStar Credit Union. The city is also home to the Jacksonville Branch of the Federal Reserve Bank of Atlanta.
Jacksonville's financial sector has benefited from a rapidly changing business culture, as have other Sunbelt cities such as Atlanta, Tampa, and Charlotte. In a concept known as nearshoring, financial institutions are shifting operations away from high-cost addresses such as Wall Street, and have shifted some trading functions to Jacksonville. With relatively low-cost real estate, easy access by planes to New York City, high quality of life, and 19,000 financial sector employees, Jacksonville has become an option for relocating staff.
Deutsche Bank's growth in the city is an example of such change. Jacksonville is the site of Deutsche Bank's second largest US operation; only New York is larger. They also are an example of a business that has moved operations to the suburbs. Other institutions with a notable presence in Jacksonville include Macquarie Group, Bank of America, Wells Fargo, JPMorgan Chase, Citi, Citizens Property Insurance, Fidelity Investments, Ally Financial and Aetna.
Jacksonville, Florida