Despite other bank problems, Fl Keys Banks are expanding.

Real Estate Agent with Coldwell Banker Schmitt

Fl Keys Banks are expanding.
Major Fl keys banks want people to know they are very stable and growing.

(PressMethod) - Fl Keys Banks are doing just fine.
Among the banks reporting, were TIB bank, ,which has nine branches in the Florida Keys. Per, Michael Carrigan, president and CEO of TIB Bank, "We're very well capitalized, very well reserved"

Also, First State Bank of the Florida Keys. Karen Sharp, the bank's president and CEO, says they've continued to have positive earnings and to build capital. She says the bank is performing "above its peer group" of banks of similar size.

Last but not least, Marine Bank, which has nine branches in the Florida Keys. The parent company just reported second quarter earnings of $5.7 million, as compared to $5.1 million for the second quarter of 2007. And their stock price closed at $25.38 per share on Thursday, very close to the high price for the year.

Florida Keys, August 1st, 2008.
Per Florida Keys and Summerland Key REALTOR, Abby Oglesbee. This is very good news for both our residents and future residents. It means that the Keys financial stregnth is strong and in fact growing. 

When asked how this could affect Real Estate in the keys, Abby remarked, The Keys are one of the leading destination resort areas in the World, and our real estate is very prized. So, this is especially good news for our investors and local businesses. If the banks aredoing well then obviously so is our economy.

About Abby Oglesbee.

Abby is a Top producing Real Estate agent and the owner of a Florida Keys website located at designed specifically to help people relocating to the lower Florida Keys and the Key West area 

Abby Oglesbee
Coldwell Banker Schmitt
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