$2B bank CEO is blunt: The recession is here — and might stick around through 2024

"To me the question is how long and how severe this recession will go," Sunwest Chair and CEO Eric Hovde says.

By Mark Gordon
| 4:40 p.m. August 18, 2022
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Real estate developer, entrepreneur and philanthropist Eric Hovde, who ran for U.S. Senate as a Republican in Wisconsin in 2012, has a wide view of the national economy as chair and CEO of Sunwest Bank. The Sandy, Utah-based bank, which recently opened an office in Sarasota, part of an aggressive expansion effort in the Sunshine State, had $2.23 billion in assets through March 31.