Another billion-dollar bank

  • By Business Observer Staff
  • | 11:00 a.m. October 23, 2015
  • | 0 Free Articles Remaining!
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In the accounting world for banks, loans are classified as assets.

So it's good news when banks on the Gulf Coast grow assets: It means the institutions are lending money to businesses and individuals.

Consider FineMark National Bank & Trust. The Fort Myers-based bank recently reported it had crossed the $1 billion asset threshold, joining six other banks headquartered on the Gulf Coast with that distinction.

 

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