ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
Despite bank branches continuing to open in Central Florida, the region has had a net loss of about 10 bank branches per year as local deposits remain stagnant around $100 billion.
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That’s according to an Orlando Business Journal analysis of data from the Federal Deposit Insurance Corp., or FDIC, which releases yearly market reports for banking institutions.
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Banks in Brevard, Lake, Orange, Osceola, Seminole and Volusia counties combined for $97.6 billion in deposits as of June 2024 — up slightly year-over-year from $97.4 billion, but below the $102 billion-high set in 2022.
Click here to read the full story on the Orlando Business Journal’s website.
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