Residential Rebound

During the depths of the recession, Cape Coral was one of the hardest-hit areas in the nation for residential foreclosures.

Now, in another sign of the economic turnaround, Preferred Community Bank is about to open a new office in Cape Coral, the Lee County bedroom community across the Caloosahatchee River from Fort Myers.

“We're doing basically anything and everything that relates to residential,” says Brenda O'Neil, chairman and CEO of Preferred Community Bank.