After two years of economic uncertainty, record-setting inflation, increased regulatory scrutiny, and more, banks are finally experiencing some relief. In an article published by The Daily Business Review, Nelson Mullins attorneys Gary Itskovich and Rusty Melges discuss the state of the banking industry and its expected growth in 2024, specifically in South Florida. 

“So far, 2024 is shaping up to present clearer skies for banks, specifically community banks in South Florida as domestic migration and corporate relocations to the area continue. The U.S. Census Bureau ranked Florida as number two in population growth from 2022 to 2023. Additionally, South Florida has been recognized as the fourth-ranked hotspot for economic growth within the state. With South Florida as a leading beneficiary of this growth, the need for personalized banking services, both on the consumer and commercial fronts, will continue to grow.” 

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