The Real Deal Miami

Florida banks boost lending by billions, but home loans decline

August 30, 2013 10:24AM

Florida banks increased lending by $2.6 billion in the second quarter of 2013, far outpacing average national loan growth in the period, and auguring further economic recovery in the state.

And over the past year, Florida banks grew their loans 6.8 percent, compared to the national growth rate of 2.9 percent, numbers from the Federal Deposit Insurance Corporation, cited by the South Florida Business Journal, show.

But despite the growth in lending, home loans declined, the publication said. Instead, commercial and industrial lines of credit, commercial real estate, credit cards and auto loans saw the biggest bumps. [South Florida Business Journal] — Guelda Voien