Bob Morgan joins Marine Bank & Trust

INDIAN RIVER COUNTY — Marine Bank & Trust has announced that Bob Morgan has been hired as Assistant Vice President, Residential/Commercial Lending. Morgan will serve all of Indian River County in addition to southern Brevard County with focus on Sebastian. He brings more than 20 years of lending experience to the Bank. Most recently, he was a commercial lender for Oculina Bank in Vero Beach.

“Marine Bank has set a goal to be the premier mortgage lender in Vero Beach and our surrounding communities,” said Bill Penney, Chairman and CEO of Marine Bank & Trust. “Recruiting experts in the field that share Marine’s commitment to service is a giant step toward that goal. Bob Morgan will play a critical role in expanding our reach into Sebastian and Brevard County.”

Morgan began his banking career in 1994 as a branch manager at First Union. In 1999, he joined Advantage Home Mortgage Corporation as co-owner with Clay Collins, now Vice President, Residential Lending at Marine Bank & Trust. He received his B.A. in Finance from Florida Atlantic University and has lived in Vero Beach since 1985.

Marine Bank & Trust was chartered in 1997 and has $159 million in assets with two branches in Vero Beach. It is the only community bank headquartered in Indian River County. The Bank is an active community supporter providing over $200,000 to more than 125 local non-profit organizations in the market over the last five years. For more information, visit the website at

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