Report: Trouble lurks for big banks with big CRE loan overexposure

Billions of dollars in property financing will mature by 2026. For banks seeped in commercial real estate loans, this poses some outsized risks.

By Mark Gordon
| 5:00 a.m. June 12, 2024
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Florida

Longtime Sarasota-Manatee area banker Neil McCurry recalls the heady days of the early and mid-2000s, when a banker rarely uttered the word “no” on the latest loan opportunity — especially in commercial real estate.

“Bankers were like ‘I don't want to lose a loan,’” to another bank, says McCurry, founder and CEO of People’s Community Bank and later CEO of Sabal Palm Bank, both in Sarasota. “I haven’t heard bankers talk like that today.”