Foreign banks hit wave of mergers and acquisitions
Written by Ero Partsakoulaki on August 13, 2019
Despite the hindrance of regulatory compliance costs and national changes crunching international banking, South Florida and Miami in particular have seen merger and acquisition activity over the last few years, according to President and CEO of the Florida International Bankers Association David Schwartz.
“We saw one bank with a new license, which we haven’t seen in probably 12 years,” said Mr. Schwartz. “That was a very good sign, and we’ve also seen merger and acquisition activity with foreign banks purchasing community banks in South Florida.”
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