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South Florida

South Florida banks teeter

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Coral Gables bank analysis firm BauerFinancial said about one-third of banks operating in Palm Beach County and the Treasure Coast got ratings of “problematic” or worse in the second financial quarter 2009. Mortgage-backed securities portfolios remained a drag on overall financial health, analyst Karen Dorway said. Fort Pierce-based Riverside National Bank went from a four-star rating two years ago to a zero rating in the last quarter, the biggest decline in the area.

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