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56Chevy

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56Chevy

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Friday, 08/30/2013 4:22:01 PM

Friday, August 30, 2013 4:22:01 PM

Post# of 64
Lending at Florida banks far outpaces nation, profits improve

Aug 29, 2013, 12:42pm EDT

Loan growth at Florida banks beat the national growth rate by more than double in the second quarter and their profitability improved as well.

The 203 banks chartered in Florida boosted their loans by a combined $2.6 billion, or 2.8 percent, in the second quarter, according to the Federal Deposit Insurance Corp. The national increase was just 1 percent. Over the past 12 months, Florida banks grew their loans 6.8 percent, compared to the national growth rate of 2.9 percent.

[....]

http://www.bizjournals.com/southflorida/news/2013/08/29/lending-at-florida-banks-far-outpaces.html?iana=ind_bank

*2 years ago Florida banks were toxic to the touch...that trend has completely reversed.


Learn something new every time you invest...and take it with you to the next opportunity.

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