{"id":3055,"date":"2014-04-10T02:26:28","date_gmt":"2014-04-10T06:26:28","guid":{"rendered":"https:\/\/v2aconsulting.com\/insights\/are-community-banks-losing-the-battle-in-south-florida\/"},"modified":"2025-01-22T14:24:24","modified_gmt":"2025-01-22T18:24:24","slug":"are-community-banks-losing-the-battle-in-south-florida","status":"publish","type":"insights","link":"https:\/\/v2aconsulting.com\/es\/insights\/are-community-banks-losing-the-battle-in-south-florida\/","title":{"rendered":"Are community banks losing the battle in South Florida?"},"content":{"rendered":"

DEPOSITS AND BRANCHES: \u201cNon-Florida banks have a dominant weight in the Miami Metropolitan Area\u201d<\/strong><\/p>\n

Large, federally chartered, out-of-state banks, including Wells Fargo, Bank of America, Citibank, and JPMorgan Chase, control a majority of the banking activity in the Miami Metropolitan Area (MMA). As of June 30, 2013, there were 113 banking institutions that managed deposits in the MMA, statistical area comprised of Miami-Dade, Broward and Palm Beach Counties, 74 of which were Florida-based banks (65%) while 39 were out-of-state banks (35%) (see Figure 1). Out-of-state banks managed deposits of $132.5 billion, representing 75% of total deposits in Miami Metro branches which amounted to $176.0 billion, while Florida-based banks managed $43.5 billion, or 25% of the market (see Figure 2). The two largest banks operating in the MMA, Wells Fargo and Bank of America, control 43.1% of deposits of out-of-state banks and 32.4% of total deposits. When analyzing bank branch presence, out-of-state banks also dominate the banking landscape in the MMA. Of the 1,665 branches, 1,206 or 72% were administered by out-of-state banks, while 459 or 28% by Florida-based banks (see Figure 3).<\/p>\n","protected":false},"excerpt":{"rendered":"

Since the financial crisis of 2007-2008, South Florida's banking industry* has undergone a transformative consolidation process. Large, out-of-state banks have been steadily gaining market share, many times displacing smaller, local community banks which have been unable to compete against banking juggernauts like Wells Fargo and Bank of America, Miami Metropolitan Area\u0092s largest banks. Mergers and acquisitions activity, as well as FDIC-assisted bank failures, have been pervasive throughout Florida since 2009, leading the nation in bank failures in 2010 with 29 in total. Since 2009 there has been a steady but slow improvement in the banking sector. Asset quality has improved, loan activity has increased and the majority of banks are well capitalized. Nevertheless, banks in South Florida still face considerable challenges. A highly competitive environment with narrow margins, subpar loan growth and a slowdown in mortgage refinancing transactions, have made it difficult for banks to increase income and improve returns.<\/p>\n","protected":false},"author":1,"featured_media":2066,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}}},"categories":[2],"tags":[],"industry":[],"market":[],"service":[],"insight-type":[56],"class_list":["post-3055","insights","type-insights","status-publish","has-post-thumbnail","hentry","category-sin-categorizar","insight-type-articulo"],"acf":[],"yoast_head":"\nAre community banks losing the battle in South Florida? - V2A<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/v2aconsulting.com\/es\/insights\/are-community-banks-losing-the-battle-in-south-florida\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Are community banks losing the battle in South Florida?\" \/>\n<meta property=\"og:description\" content=\"Since the financial crisis of 2007-2008, South Florida's banking industry* has undergone a transformative consolidation process. Large, out-of-state banks have been steadily gaining market share, many times displacing smaller, local community banks which have been unable to compete against banking juggernauts like Wells Fargo and Bank of America, Miami Metropolitan Area\u0092s largest banks. Mergers and acquisitions activity, as well as FDIC-assisted bank failures, have been pervasive throughout Florida since 2009, leading the nation in bank failures in 2010 with 29 in total. Since 2009 there has been a steady but slow improvement in the banking sector. Asset quality has improved, loan activity has increased and the majority of banks are well capitalized. Nevertheless, banks in South Florida still face considerable challenges. A highly competitive environment with narrow margins, subpar loan growth and a slowdown in mortgage refinancing transactions, have made it difficult for banks to increase income and improve returns.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/v2aconsulting.com\/es\/insights\/are-community-banks-losing-the-battle-in-south-florida\/\" \/>\n<meta property=\"og:site_name\" content=\"V2A\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-22T18:24:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/v2aconsulting.com\/wp-content\/uploads\/2024\/08\/Webslider-Financial-Services-10.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1703\" \/>\n\t<meta property=\"og:image:height\" content=\"1136\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minuto\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/v2aconsulting.com\/es\/insights\/are-community-banks-losing-the-battle-in-south-florida\/\",\"url\":\"https:\/\/v2aconsulting.com\/es\/insights\/are-community-banks-losing-the-battle-in-south-florida\/\",\"name\":\"Are community banks losing the battle in South Florida? - V2A\",\"isPartOf\":{\"@id\":\"https:\/\/v2aconsulting.com\/es\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/v2aconsulting.com\/es\/insights\/are-community-banks-losing-the-battle-in-south-florida\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/v2aconsulting.com\/es\/insights\/are-community-banks-losing-the-battle-in-south-florida\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/v2aconsulting.com\/wp-content\/uploads\/2024\/08\/Webslider-Financial-Services-10.jpg\",\"datePublished\":\"2014-04-10T06:26:28+00:00\",\"dateModified\":\"2025-01-22T18:24:24+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/v2aconsulting.com\/es\/insights\/are-community-banks-losing-the-battle-in-south-florida\/#breadcrumb\"},\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/v2aconsulting.com\/es\/insights\/are-community-banks-losing-the-battle-in-south-florida\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\/\/v2aconsulting.com\/es\/insights\/are-community-banks-losing-the-battle-in-south-florida\/#primaryimage\",\"url\":\"https:\/\/v2aconsulting.com\/wp-content\/uploads\/2024\/08\/Webslider-Financial-Services-10.jpg\",\"contentUrl\":\"https:\/\/v2aconsulting.com\/wp-content\/uploads\/2024\/08\/Webslider-Financial-Services-10.jpg\",\"width\":1703,\"height\":1136},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/v2aconsulting.com\/es\/insights\/are-community-banks-losing-the-battle-in-south-florida\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/v2aconsulting.com\/es\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Are community banks losing the battle in South Florida?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/v2aconsulting.com\/es\/#website\",\"url\":\"https:\/\/v2aconsulting.com\/es\/\",\"name\":\"V2A\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/v2aconsulting.com\/es\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/v2aconsulting.com\/es\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"es\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/v2aconsulting.com\/es\/#organization\",\"name\":\"V2A\",\"url\":\"https:\/\/v2aconsulting.com\/es\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\/\/v2aconsulting.com\/es\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/v2aconsulting.com\/wp-content\/uploads\/2024\/07\/v2a-logo-1.svg\",\"contentUrl\":\"https:\/\/v2aconsulting.com\/wp-content\/uploads\/2024\/07\/v2a-logo-1.svg\",\"caption\":\"V2A\"},\"image\":{\"@id\":\"https:\/\/v2aconsulting.com\/es\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Are community banks losing the battle in South Florida? - V2A","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/v2aconsulting.com\/es\/insights\/are-community-banks-losing-the-battle-in-south-florida\/","og_locale":"es_ES","og_type":"article","og_title":"Are community banks losing the battle in South Florida?","og_description":"Since the financial crisis of 2007-2008, South Florida's banking industry* has undergone a transformative consolidation process. Large, out-of-state banks have been steadily gaining market share, many times displacing smaller, local community banks which have been unable to compete against banking juggernauts like Wells Fargo and Bank of America, Miami Metropolitan Area\u0092s largest banks. Mergers and acquisitions activity, as well as FDIC-assisted bank failures, have been pervasive throughout Florida since 2009, leading the nation in bank failures in 2010 with 29 in total. Since 2009 there has been a steady but slow improvement in the banking sector. Asset quality has improved, loan activity has increased and the majority of banks are well capitalized. Nevertheless, banks in South Florida still face considerable challenges. A highly competitive environment with narrow margins, subpar loan growth and a slowdown in mortgage refinancing transactions, have made it difficult for banks to increase income and improve returns.","og_url":"https:\/\/v2aconsulting.com\/es\/insights\/are-community-banks-losing-the-battle-in-south-florida\/","og_site_name":"V2A","article_modified_time":"2025-01-22T18:24:24+00:00","og_image":[{"width":1703,"height":1136,"url":"https:\/\/v2aconsulting.com\/wp-content\/uploads\/2024\/08\/Webslider-Financial-Services-10.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Tiempo de lectura":"1 minuto"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/v2aconsulting.com\/es\/insights\/are-community-banks-losing-the-battle-in-south-florida\/","url":"https:\/\/v2aconsulting.com\/es\/insights\/are-community-banks-losing-the-battle-in-south-florida\/","name":"Are community banks losing the battle in South Florida? - V2A","isPartOf":{"@id":"https:\/\/v2aconsulting.com\/es\/#website"},"primaryImageOfPage":{"@id":"https:\/\/v2aconsulting.com\/es\/insights\/are-community-banks-losing-the-battle-in-south-florida\/#primaryimage"},"image":{"@id":"https:\/\/v2aconsulting.com\/es\/insights\/are-community-banks-losing-the-battle-in-south-florida\/#primaryimage"},"thumbnailUrl":"https:\/\/v2aconsulting.com\/wp-content\/uploads\/2024\/08\/Webslider-Financial-Services-10.jpg","datePublished":"2014-04-10T06:26:28+00:00","dateModified":"2025-01-22T18:24:24+00:00","breadcrumb":{"@id":"https:\/\/v2aconsulting.com\/es\/insights\/are-community-banks-losing-the-battle-in-south-florida\/#breadcrumb"},"inLanguage":"es","potentialAction":[{"@type":"ReadAction","target":["https:\/\/v2aconsulting.com\/es\/insights\/are-community-banks-losing-the-battle-in-south-florida\/"]}]},{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/v2aconsulting.com\/es\/insights\/are-community-banks-losing-the-battle-in-south-florida\/#primaryimage","url":"https:\/\/v2aconsulting.com\/wp-content\/uploads\/2024\/08\/Webslider-Financial-Services-10.jpg","contentUrl":"https:\/\/v2aconsulting.com\/wp-content\/uploads\/2024\/08\/Webslider-Financial-Services-10.jpg","width":1703,"height":1136},{"@type":"BreadcrumbList","@id":"https:\/\/v2aconsulting.com\/es\/insights\/are-community-banks-losing-the-battle-in-south-florida\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/v2aconsulting.com\/es\/"},{"@type":"ListItem","position":2,"name":"Are community banks losing the battle in South Florida?"}]},{"@type":"WebSite","@id":"https:\/\/v2aconsulting.com\/es\/#website","url":"https:\/\/v2aconsulting.com\/es\/","name":"V2A","description":"","publisher":{"@id":"https:\/\/v2aconsulting.com\/es\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/v2aconsulting.com\/es\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"es"},{"@type":"Organization","@id":"https:\/\/v2aconsulting.com\/es\/#organization","name":"V2A","url":"https:\/\/v2aconsulting.com\/es\/","logo":{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/v2aconsulting.com\/es\/#\/schema\/logo\/image\/","url":"https:\/\/v2aconsulting.com\/wp-content\/uploads\/2024\/07\/v2a-logo-1.svg","contentUrl":"https:\/\/v2aconsulting.com\/wp-content\/uploads\/2024\/07\/v2a-logo-1.svg","caption":"V2A"},"image":{"@id":"https:\/\/v2aconsulting.com\/es\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/v2aconsulting.com\/es\/wp-json\/wp\/v2\/insights\/3055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/v2aconsulting.com\/es\/wp-json\/wp\/v2\/insights"}],"about":[{"href":"https:\/\/v2aconsulting.com\/es\/wp-json\/wp\/v2\/types\/insights"}],"author":[{"embeddable":true,"href":"https:\/\/v2aconsulting.com\/es\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/v2aconsulting.com\/es\/wp-json\/wp\/v2\/media\/2066"}],"wp:attachment":[{"href":"https:\/\/v2aconsulting.com\/es\/wp-json\/wp\/v2\/media?parent=3055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/v2aconsulting.com\/es\/wp-json\/wp\/v2\/categories?post=3055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/v2aconsulting.com\/es\/wp-json\/wp\/v2\/tags?post=3055"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/v2aconsulting.com\/es\/wp-json\/wp\/v2\/industry?post=3055"},{"taxonomy":"market","embeddable":true,"href":"https:\/\/v2aconsulting.com\/es\/wp-json\/wp\/v2\/market?post=3055"},{"taxonomy":"service","embeddable":true,"href":"https:\/\/v2aconsulting.com\/es\/wp-json\/wp\/v2\/service?post=3055"},{"taxonomy":"insight-type","embeddable":true,"href":"https:\/\/v2aconsulting.com\/es\/wp-json\/wp\/v2\/insight-type?post=3055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}