Gulf Coast banks bucking national trend

Federal Reserve survey suggests a tightening in commercial lending nationally, but banks in the region are seeing the opposite. One key factor: the surging population.

By Andrew Warfield
| 6:00 a.m. April 19, 2019

Sabal Palm Bank President and CEO Neil McCurry credits the bank's new downtown Sarasota building for helping raise the bank's profile and visibility among commercial clients. Courtesy Sabal Palm Bank

Finance

A February Federal Reserve survey of senior loan officers nationwide suggests that because more U.S. banks have adopted stricter underwriting of commercial loans, a slowdown in commercial lending could be coming in 2019.