Insights

Are community banks losing the battle in South Florida?

Since the financial crisis of 2007-2008, South Florida’s banking industry* has undergone a transformative consolidation process. Large, out-of-state banks have been steadily gaining market share, many times displacing smaller, local community banks which have been unable to compete against banking juggernauts like Wells Fargo and Bank of America, Miami Metropolitan Area’s largest banks. Mergers and acquisitions activity, as well as FDIC-assisted bank failures, have been pervasive throughout Florida since 2009, leading the nation in bank failures in 2010 with 29 in total. Since 2009 there has been a steady but slow improvement in the banking sector. Asset quality has improved, loan activity has increased and the majority of banks are well capitalized. Nevertheless, banks in South Florida still face considerable challenges. A highly competitive environment with narrow margins, subpar loan growth and a slowdown in mortgage refinancing transactions, have made it difficult for banks to increase income and improve returns.

Introducing the V2A Reader

V2A is proud to announce the launch of our V2A Reader, a curated series of news clips relevant to our markets and industries.

The Sales Dichotomy

Many sales reps spend very little time actually selling. Instead, they allocate significant chunks of time to operational or administrative tasks. They follow up on stalled deals, pull together reams of paperwork for even the most straight-forward RFPs, or spend untold hours on myriad other back-office functions.

A credit risk management perspective on Puerto Rico's residential real estate market

The economic downturn, coupled with, among other factors, the overdevelopment of mid- to high-end properties, has led to a sustained decline in local residential real estate prices that continues to be a matter of major concern for Puerto Rico's leading financial institutions.

The elusiveness of social media monetization

We often hear from clients both within and outside of Puerto Rico who tell us that they want to step up their social media efforts, inferring of course that an expanded social media presence is a necessary condition for long-term growth. However, very few have well-articulated plans for how they will capture value from their social networking efforts. As a result, it occurs to us at V2A that the ubiquity of social media has led many to lose sight of the fact that it is actually quite difficult to monetize.

Welcome to V2A's New and Improved Website

Now you can find the lastest news, articles and industry reports online at www.v-2-a.com. V2A will constantly share our V2A Insights, articles designed to provide valuable perspectives on the industries we serve. Subscribe to receive our newsletter with our quarterly Banking Industry Reports. Potential clients can come learn about our Consulting Services and jobseekers can learn more about our positions and apply online. We'll see you soon!

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