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Ocean BankUnited only locals in banking top 10.
Banks and savings & loans based outside South Florida once again dominate the top spots on The Business Journal's annual list of Largest Financial Institutions.
That list is based on data on deposits at branches in South Florida as of June 30.
Of the 316 banks and S&Ls with Florida branches, 288 provided data for that date to the Florida Bankers Association. For the other 28, the FBA used estimates based on earlier quarters, when those banks and S&Ls provided deposit data to the trade group.
Among the top-10 South Florida deposit holders, only Ocean Bank of Miami and BankUnited of Coral Gables are based in the tri-county area. The other eight institutions in the top 10 have their headquarters outside Florida.
The top five deposit holders on The Business Journal's previous list of Largest Financial Institutions, for Sept. 30, 1999, hold the same spots on the latest list.
Bank of America, based in Charlotte, N.C., is again listed first. But the FBA was forced to use that banks numbers for Sept. 30, 1999, the last date for which it has provided data on branch deposits to the trade group.
Bank of America reported $15.3 billion in South Florida deposits on Sept. 30, 1999. The Business Journal is certain that Bank of America had more South Florida deposits on June 30 than First Union, which reported $12.4 billion. First Union also is based in Charlotte.
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