No Place Like Home For Banks

Just a few years ago, banks in industrial states made ill-fated bets on piping hot markets in Florida and Nevada in search of growth. Now, they are finding it in their own gritty backyards.

Banks like Fifth Third Bancorp, M&T Bank Corp. and Huntington Bancshares Inc. are among a number of banks this quarter to show marked improvement in commercial lending as manufacturing companies in industrial states like Ohio and Pennsylvania show signs of growth. Once-sluggish heavy industry is leading the slow rebuilding of troubled loan books.

Lending growth remains tentative. Banks throughout the industry are having difficulty growing their loan portfolios, which is dragging down revenue. KBW analysts said large banks reported that loans were down 6% on average.

Click HERE For More Information | Wall Street Journal


About sikoralaw

Sikora Law has operations in Michigan and Ohio. With a network of attorney relationships in multiple states, we combine the friendly familiarity of a small firm with the institutional knowledge and capabilities generally only found at a large firm. Sikora Law has the resources to deal with your situation with the right lawyer ā€“ or the right team of lawyers ā€“ and provide reliable, comprehensive, and responsive legal representation . We combine experience, creativity, and technology to efficiently and effectively protect our clients' interests and meet their goals.
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