Florida bankers exhale after Irma strikes

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Florida bankers exhale after Irma strikes

Some damage was already reported Saturday morning in Miami-Dade County as the outer bands of Hurricane Irma began hitting some areas. Local 10 News reporter Sanela Sabovic was in Sweetwater after a.

Florida banks emerged from Hurricane Irma in better-than-expected shape. While experts warned about a potential catastrophe, the storm didn’t wreak as much havoc as many had feared. Irma, which made landfall on Sunday morning as a Category 4 hurricane, weakened significantly by the time it reached.

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Additionally, Hurricane Irma. were to strike Florida today in the same spot, it would be far more catastrophic – causing up to $100 billion in damage, according to a recent analysis by Swiss Re,

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Florida bankers are relying on technology more than ever before as one of the strongest hurricanes recorded in the Atlantic barrels toward their state. Hurricane Irma, which was a Category 5 storm as it hammered the Caribbean on Wednesday, is on a course for Puerto Rico and potentially south Florida.

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Florida bankers focused most of their efforts Monday on restoring full use as shortly as probable and holding caring of employees. Bank branches in Florida mostly avoided vital repairs from Hurricane Irma. Still, some areas of a state, including this RV park in Frostproof, Fla., were strike by a storm. Bloomberg News

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Florida Bankers Exhale After Irma Strikes. American Banker, Sept. 11, 2017–jackie stewart (free article) The Mortgage Bankers Association said it had received a lot of questions from homeowners who didn’t know how to start assessing damage from Harvey and Irma.

Hurricanes Irma and María left a trail of destruction throughout Puerto. In May, the Rosselló administration filed for bankruptcy after defaulting on a $74.8 billion debt, along with a $20 billion.

The Small Business Administration introduced its Express Bridge Loan program in mid-October, shortly after hurricanes Harvey, Irma and Maria did serious damage in Texas, Florida. to questions from.

Florida bankers exhale after Irma strikes The hurricane was expected by many to deliver catastrophe. Instead, bankers are largely looking to restore power and confirm the status of employees. Community banking jackie stewart september 11, 2017.

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