ank of England is different from other mortgage 
companies. As a family owned and operated business 
since 1898, they have work hard to maintain a family 
atmosphere while adding modern amenities over the 

years. By creating the same trusting relationship with their 
Realtor partners, Bank of England has been able to maintain 
steady growth in the mortgage industry. Michael Castleberry 
is the Manager of the Fort Walton Beach location and oversees 
the day-to-day operations of over 25 employees. This location 
is special because decisions are made locally. “I am currently 
one of only a handful of companies along the coast that has 
their own in-house underwriters. I currently have 10 loan 
officers and 3 loan officer assistants with the rest being the 
support staff, which is the backbone of the operation. A major 
part of this team is our 5 processors,” described Michael. 
When he opened this branch five years ago, they were hoping 
to reach a goal of $50 million in mortgages in a year. They are 
currently on track to do $150 million for 2018 and Michael is 
opening several new branches this year, not only in Florida 
and Alabama, but as far west as Texas too. With this additional 
growth, they are hoping to be around $250 million for 2019 and 
hit $300 million in 2020. Each of Bank of England’s 10 loan 
officers are allowed to work with 10 realtors. They value quality 
over quantity and only want to work with true professionals 
and build lasting relationships. It is because of this work ethic 
that Bank of England has been voted the Best Mortgage Lender 

on the Emerald Coast for the last five years. “These awards 
mean a lot to us, but not as much as receiving referrals from 
our Realtor Partners,” Michael said. “Every time we receive a 
referral, that is an award that really puts a smile on your face. 
You know the person trusts you enough with their friend, 
family, or their buyer to put them in your hands and know you 
will work very hard to get them in their home.” 

story by


Courtney Murray

62     |    VIPDestinMagazine.com

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348 SW Miracle Strip Parkway, Suite 37 | Fort Walton Beach, Florida | www.BOEFWB.com | 850.362.6488

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6/25/18   1:19 PM