Another out-of-state bank unveils its Florida strategy

Why it matters: WesBanco's plans add to a trend of banks entering the rapidly growing South Florida marketplace.Supporting data: The Miami-Fort Lauderdale-West Palm Beach metropolitan statistical area has seen deposits surge more than 20% since 2020.Expert quote: "The goal is to fund expected loan growth from in-market deposit production." — Hovde analyst David BishopBanking's snowbird phenomenon is continuing, as another out-of-state franchise has launched a Florida expansion initiative.  Processing Conten ...