Eman Elshahawy on LinkedIn: BankUnited names former TD Bank leader new head of consumer, small… (2024)

Fort Lauderdale community banks are bucking the lending slowdown trend thanks to one common denominator— a clean balance sheet. Executives from OptimumBank and Locality Bank broke down more details of their loan portfolios, lending products and credit strategies propelling the growth. Special thanks to the Hovde Group for compiling the #Florida #banks quarterly analysis, which provides key comparative financial data for the 79 banks based in the Sunshine State.

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I spoke with Paul Adkins, chairman and CEO of Boca Raton-based Florida Peninsula Insurance Company-- one of the largest property insurers in the Sunshine State. The leader touched on the growth and challenges he's endeavored in the industry in the South Florida Business Journal's latest Executive Profile. #propertyinsurance #florida

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Seacoast Bank has named former Truist exec Antonio T. Coley as its regional president for South Florida.

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Wall Street legend John Paulson is opening Paulson Capital, a firm affiliated with his New York-based investment services family office , in West Palm Beach-- his first #Florida office.

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Another big #bank leads a big loan for another #Florida company based in Palm Beach County. This time, Bank of America spearheaded the $650 million refinancing agreement with a Palm Beach Gardens-based company on the #NYSE that provides #5G engineering and installation services for global #telecom giants like ; Verizon and Comcast.

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#BreakingNews: The Citi Foundation provided $5 million to five #SouthFlorida #nonprofit organizations that were selected based on their efforts to increase economic opportunity in the community. The donation is part of the bank foundation's fourth cohort of its Community Progress Makers national initiative, which has granted over $115 million to nonprofits since its 2015 inception. Take a look at which local organizations were chosen by the New York-based bank this round.

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Breaking/Exclusive: #NewCEOAlert for International Finance Bank (IFB). Veteran banker Abel L. Iglesias will serve as the community bank's new CEO and president.

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Breaking #NewtoMarketAlert: The U.S. Office of the Comptroller of the Currency just approved a new branch application from Rockville, Maryland-based Capital Bank, N.A. in downtown #FortLauderdale. This will be the community bank's first branch in #Florida and outside of the DMV (D.C., Maryland, Virginia) area. #banking #finance #communitybank

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led the $800M financing among several other big banks for The ODP Corporation's latest revolving credit facility. Earlier this month, Jamie Dimon noted in his annual shareholder letter that the bank has committed over $318 billion in financing and capital to 12,500 large and middle market #Florida companies since 2019.

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