Federal regulators this year have lifted orders against several South Florida banks that were loaded with restrictions and prohibitions on their operations, raising the prospect that regulatory intensive care for banks gradually will become less common.
“As the economy gets better and as these community banks work their way through the orders, we’re likely to see fewer orders in place and more banks that have their orders lifted,” said Bowman Brown, chairman of the executive committee at Shutts & Bowen in Miami and chairman of the law firm’s financial service practices group. “I’m optimistic about that.”
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