Economic forecast 2020: Banking

COMPANY: It's been a big year for Pilot Bank, which expanded its reach to Pinellas County, opening a branch in the busy Fourth Street corridor just north of downtown St. Petersburg. Then, in June, shares of the bank’s parent holding company, Pilot Bancshares Inc., began trading on the OTCQX securities market. President Rita Lowman says Pilot Bank’s revenue has increased 25% in 2019, and while she doesn’t expect growth to be quite that strong next year, 2020 should “be a solid growth year … I believe we’ll see healthy growth.” The bank had $402.5 million in assets through June 30, according to Federal Deposit Insurance Corp. data.