The Florida Banking Market in 1995
» 358 banks and bank
holding companies
» 4,219 offices
» $177 billion in deposits
» Combined market share
of five largest:
? ? 57.6%
» Combined market share
of 10 largest:
? ? 68.17%
|
The Florida Banking Market in 2009
» 341 banks and bank
holding companies
» 5,820 offices
» $401 billion in deposits
» Combined market share
of five largest:
? ? 52.58%
» Combined market share
of 10 largest:
? ? 63.35% |
Interactive Chart:
Click a bank's name (in the left column) to follow its evolution in Florida. |
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1995: No. 1 Barnett Banks, Jacksonville, acquires Community Bank of the Islands and First Federal Savings and Loan of Lake Wales for $20 million
1996: Barnett
consolidates its 28
individual banks into one statewide bank, setting
the stage for acquisition
1998: Acquired
by NationsBank for $15.5 billion
in stock. NationsBank moves to No. 3
1999: NationsBank acquires Bank of America for
$43 billion. Takes
Bank of America name. Moves to No. 1
2009: No. 1 Bank of America, Charlotte, N.C
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1995: No. 2 First Union acquires Society First Federal Savings Bank ($1.47 billion in assets),
Fort Myers, for $188 million
1996: Buys the parent of Home Savings, Hollywood, ($1.2 billion in assets)
for $336 million
2001: First Union wins a fight with SunTrust to acquire Wachovia. Takes Wachovia name
2004: Wachovia
($437 billion in assetspays $14.3 billion to acquire SouthTrust ($54 billion in assets), Birmingham, Ala
2006: Wachovia acquires Golden West Financial, parent of World Savings and Loan, for $25.5 billion. Briefly becomes No. 1
2008: Acquired by Wells Fargo, San Francisco
2009: No. 2 Wells Fargo,
San Francisco
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1995: No. 3 SunTrust Banks, Atlanta
2001: Buys 141 Florida branches of Ohio-based Huntington National Bank for $705 million
2006: Acquires Ponte Vedra National Bank
2008: Acquires $225 million in deposits of the failed First Priority Bank, Bradenton, from the FDIC
2009: No. 3 SunTrust, Atlanta
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1995: No. 4 NationsBank acquires Intercontinental Bank, Miami, for $218 million in stock
1996: Acquires Chase Federal Bank, Miami, for $280 million. Acquires Citizens Federal Savings for $516 million
1998: Acquires Barnett Banks for $15.5 billion
in stock. Moves to No. 3
1999: NationsBank acquires Bank of America for
$43 billion. Takes
Bank of America name. Moves to No. 1
2009: No. 1 Bank of America, Charlotte, N.C
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1995: No. 5 Great Western Bank, Chatsworth, Calif.
1997: Acquired by Washington Mutual, Seattle, for $6.8 billion
2008: WaMu is acquired by JPMorgan Chase Bank, New York, from FDIC for $1.9 billion in the largest bank failure in U.S. history.
2009: No. 6 JPMorgan Chase Bank, New York
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1995: No. 6 AmSouth Bank,Birmingham, Ala
2006: Acquired by Regions Bank, Birmingham, Ala., for $9.8 billion
2009: No. 4 Regions Bank,Birmingham, Ala.
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1995: No. 7 Home Savings of America, Irwindale, Calif.
1997: Florida branches acquired by SouthTrust
2004: SouthTrust buys FloridaFirst Bancorp, Lakeland, for $146 million. Acquired by Wachovia
2004: Wachovia
($437 billion in assetspays $14.3 billion to acquire SouthTrust ($54 billion in assets), Birmingham, Ala
2006: Wachovia acquires Golden West Financial, parent of World Savings and Loan, for $25.5 billion. Briefly becomes No. 1
2008: Acquired by Wells Fargo, San Francisco
2009: No. 2 Wells Fargo,
San Francisco
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1995: No. 8 Citizens Federal Bank, Miami
1996: Acquired by NationsBank
1998: NationsBank acquires Barnett Banks for $15.5 billion in stock. Moves to No. 3
1999: NationsBank acquires Bank of America for
$43 billion. Takes Bank of America name. Moves to No. 1
2009: No. 1 Bank of America, Charlotte, N.C
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1995: No. 9 SouthTrust, Birmingham, Ala.
1996: Acquires Preferred Bank, Palmetto, for $8.8 million.
Acquires FirstMerit Bank, Clearwater, a unit of First Merit Corp
2004: Buys FloridaFirst Bancorp, Lakeland, for $146 million. Acquired by Wachovia
2006: Wachovia acquires Golden West Financial, parent of World Savings and Loan, for $25.5 billion. Briefly becomes No. 1
2008: Acquired by Wells Fargo, San Francisco
2009: No. 2 Wells Fargo,
San Francisco
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1995: No. 10 World Savings and Loan, Oakland, Calif.
2006: Acquired by Wachovia
2008: Wachovia acquired by Wells Fargo, San Francisco
2009: No. 2 Wells Fargo,
San Francisco
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1996: Colonial Bank, Montgomery, Ala., enters the Florida market by acquiring Southern Bank of Central Florida, Orlando
2002: BB&T, Winston-Salem, N.C., enters the Florida market
2004: After acquiring 18 institutions, Colonial enters the top 10 in Florida market share at No. 8
2007: Purchases Commercial Bank of Florida, Miami, and Citrus & Chemical Bank, Lakeland
2009: Colonial (then No.5) fails. BB& T acquires Colonial’s branches and deposits in an
FDIC-brokered sale
2009: No. 5 BB&T, Winston-Salem, N.C.
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1995
 |
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2009
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1 Barnett Banks
Jacksonville;
19.22% market share;
656 offices; $34 billion in Florida deposits |
1 Bank of America
Charlotte,
N.C.; 18.15% market share;
661 Florida offices;
$72.8 billion Florida deposits |
2 First Union
Charlotte, N.C.;
15.07% market share;
571 offices; $26.7 billion in Florida deposits
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2 Wells Fargo
San Francisco;
16.02% market share;
724 Florida offices; $64.3 billion in Florida deposits |
3 SunTrust Banks
Atlanta;
9.71% market share;
397 Florida offices;
$17.2 billion in Florida deposits |
3 SunTrust
Atlanta;
9.95% market share;
565 offices; $39.9 billion in Florida deposits |
4 NationsBank
Charlotte, N.C.;
9.66% market share;
376 Florida offices;
$17.1 billion in Florida deposits |
4 Regions Bank
Birmingham,
Ala.; 4.35% market share;
428 Florida offices;
$17.5 billion in Florida deposits |
5 Great Western Bank
Chatsworth, Calif.; 3.94% Florida market share;
120 Florida offices;
$7 billion in Florida deposits |
5 BB&T*
Winston-Salem, N.C.;
4.11% market share;
308 Florida offices;
$16.4 billion in Florida deposits |
6 AmSouth Bank
Birmingham,
Ala.; 3.05% Florida market share; 135 Florida offices;
$5.4 billion in Florida deposits |
6 JPMorgan Chase Bank
New York; 2.68% market share; 243 Florida offices;
$10.8 billion Florida deposits |
7 Home Savings of America
Irwindale, Calif.; 2.54% market share; 40 Florida offices;
$4.5 billion in Florida deposits |
7 Citibank
New York;
2.22% market share;
52 Florida offices;
$8.9 billion in Florida deposits |
8 Citizens Federal Bank
Miami.; 1.84% Florida market share; 39 Florida offices;
$3.3 billion in Florida deposits |
8 BankUnited
Miami;
2.07% market share;
85 Florida offices;
$8.3 billion in Florida deposits |
9 SouthTrust
Birmingham,
Ala.; 1.65% Florida market share; 123 Florida offices;
$2.9 billion in Florida deposits |
9 Raymond James Bank
St. Petersburg; 1.9% market share; 1 Florida office;
$7.6 billion in Florida deposits |
10 World Savings and Loan
Oakland, Calif.; 1.49% market share; 20 Florida offices;
$2.6 billion in Florida deposits |
10 Fifth Third Bank
Cincinnati;
1.9% market share;
167 Florida offices;
$7.6 billion in Florida deposits |
