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Byline: MARILYN MUCH
Banks in the West and the Southwest are enjoying a good run.
They've fared well amid a favorable milieu for banking. Low interest rates have reduced their costs of funds while bolstering their commercial real estate and home mortgage lending.
And Southwestern and Western regional banks boast extra advantages: strong demographics and healthy markets. Fast-growing populations in states such as Texas and California have helped drive higher-than-average deposit growth.
Another plus: Many players in the group focus on lending to small and midsize businesses, where loan demand is at its highest level in a decade.