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Fla. Banks Trail U.S. Recovery Rate


Florida banks, pummeled by the real estate bust and Great Recession, are improving but still lag far behind the industry's resurgence elsewhere in the country, a new analysis shows.


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Florida banks, pummeled by the real estate bust and Great Recession, are improving but still lag far behind the industry's resurgence elsewhere in the country, a new analysis showsNearly 70 percent of banks nationwide are now recommended by the Coral Gables financial rating agency Bauer FinancialThat's the highest level since the end of 2007In Florida, meanwhile, less than 39 percent of banks make the recommended list, up strongly from the 25 percent level a year agoAmong the encouraging statistics: Only eight U.Sbanks failed in the last quarter while 43 improved enough to be removed from the troubled and problematic listThe number of troubled and problematic banks in Florida fell only slightly over the year, from about 38 percent to 34 percent.Florida had 19 of the bottom-of-the-barrel, zero-star banks as of the fourth quarter of 2012, down from 25 in the third quarterNone of the zero-star banks are in the Tampa Bay area. The paragraph has already been output --> FlaBanks Trail U.SRecovery RateTheLedger.comMarch 14, 2013 3:35 AM<p>Florida banks, pummeled by the real estate bust and Great Recession, are improving but still lag far behind the industry's resurgence elsewhere in the country, a new analysis showsNearly 70 percent of banks nationwide are now recommended by the Coral Gables financial rating agency Bauer FinancialThat's the highest level since the end of 2007In Florida, meanwhile, less than 39 percent of banks make the recommended list, up strongly from the 25 percent level a year agoAmong the encouraging statistics: Only eight U.Sbanks failed in the last quarter while 43 improved enough to be removed from the troubled and problematic listThe number of troubled and problematic banks in Florida fell only slightly over the year, from about 38 percent to 34 percent.Florida had 19 of the bottom-of-the-barrel, zero-star banks as of the fourth quarter of 2012, down from 25 in the third quarterNone of the zero-star banks are in the Tampa Bay area.</p><!-- Nothing to doThe paragraph has already been output -->

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