Find Real Estate Agents and Homes for Sale


Real Estate News --> Florida News

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.


Archived Story

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 -->

Trending Florida News:


  • Real estate agent, clients discover human remains in Florida
  • Meet the 2017 Power Leaders in Real Estate
  • Why The Florida Real Estate Market Is Among The Best In The United States For Investors
  • Investor-fueled home buying spree 'scary'
  • As Jacksonville home inventory plummets, prices spike
  • St. Joe trims loss in 3Q on smaller charges
  • Hurricane Irma: South Florida hotel investors face potential damage
  • South Florida Business Journal
  • 500 E. Pratt St. acquired by Florida firm for $60 million
  • Life After Real Estate: Former CEO Transitions to NHL and Beyond
  • Florida partnership buys Northwest Side apartment complex
  • Amendment 1 would ensure funding for environment
  • Florida Realtors® 2017 Real Estate Trends: What's Ahead for Fla. Real Estate?
  • José María Serrano to Lead MIAMI Commercial Realtors
  • Blanca Hires Backup as Trophy Business Grows
  • CU Realty Services expands further into Florida with two new credit union partners
  • Florida woos private flood insurance, but trickle likely
  • Gibsonton, FL Homes For Sale & Real Estate
  • Here's What Armando Codina's Real Passion Is
  • 2011 Florida and Area Real Estate Sales