BB&T completes purchase of BankAtlantic
BB&T completed its purchase of BankAtlantic on Tuesday after passing its final regulatory hurdle in a deal that elevates BB&T’s presence in South Florida and closes the final chapter on a 60-year-old homegrown financial institution. The Federal Reserve Board of Governors and the Federal Deposit Insurance Corp. approved BB&T’s purchase early Tuesday, which gives the […]
South Florida among top areas for loan modifications
South Florida ranks among the top metro areas in the number of mortgage modifications, an indication that lenders are making progress in addressing the region’s housing debacle, industry observers say. Lenders have approved 46,032 trial or permanent modifications in Palm Beach, Broward and Miami-Dade counties since the Home Affordable Modification Program started in 2009. The […]
While others struggle, 1st United Bank of Boca Raton thrives
While many Florida banks have struggled or failed, Boca Raton-based 1st United Bank is thriving. It’s buying other state banks, has plenty of capital and is known for strong, experienced management. Since the financial crisis hit in 2008, 1st United has raised money twice on Wall Street and bought four small Florida banks, including Anderen […]