Banks in region grow asset bases rapidly

Multiple banks in the region posted significant gains in assets year-over-year through June. For starters, 17 of the 23 community banks with a headquarters from Polk through Collier counties grew assets by at least 20%. And two banks, Clearwater-based Flagship and St. Petersburg-based First Home, posted increases of at least 100% in assets, 112.3% and 219.29%, respectively.

One of the biggest banks in Florida, meanwhile, St. Pete-based Raymond James, continues to get bigger, ending the 2020 second quarter with a little more than $29 billion in assets under management. And despite being the biggest in the region, Raymond James saw further growth over the past year, with assets up more than 13%.