Though no one can say they foresaw the magnitude of the real estate collapse, a small number of South Florida-based banks had sufficient foresight to emerge as stronger and larger institutions coming out of the downturn than heading into it.
They took advantage of their strong positions to acquire failed banks through the Federal Deposit Insurance Corp. and expand their geographic footprints. Crucially, their strong balance sheets also gave them access to the capital that so many banks failed to raise — including many that later failed.
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