THURSDAY October 21, 2021
Mathis Report: Bank of America planning $150M in renovations PAGE 10
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Daily Record JACKSONVILLE
Jaguars president: ‘We’re in a very good place’
Daily Record OPTIMISM & OPPORTUNITY
THE BANKING ISSUE
JACKSONVILLE
The new Jacksonville leaders of Bank of America and Truist, Mark K. Bennett JACKSONVILLE and Emily Dawkins, offer their outlooks for the region. PAGES 6&7 Mark K. Bennett, president of Bank of America Jacksonville.
Daily Record Daily Record Emily Dawkins, North Florida regional president of Truist.
JACKSONVILLE
Mark Lamping says team owner Shad Khan is focused on developing the Four Seasons, training facility and stadium upgrades, but sees a market for more. BY MIKE MENDENHALL STAFF WRITER
Shrinking branches doesn’t mean shrinking deposits as the banking world does more of its work online. BY MARK BASCH CONTRIBUTING WRITER
F
lorida Capital Bank, one of only two commercial banks headquartered in Jacksonville, always has operated with a minimal number of offices. But the bank’s footprint has become even smaller in recent years.
“Four or five years ago, we decided we needed to downsize our branches,” said Stew Baker, Florida Capital managing director, banking. The bank went from eight branches in 2015 to five today, including its headquarters office. Besides a Jacksonville branch, it has one each in Gainesville, Tampa and Orlando. SEE BRANCHES, PAGE 4
MORE BANKING Market player: PNC Bank is now the fourth-largest in the region after acquiring BBVA. Page 4 Expanding: TD Bank plans to add several new branches in the region. Page 4 Market share: Deposits chart shows all banks with branches in the region ranked by deposits. Page 5
Jacksonville Jaguars President Mark Lamping says the team and the city’s alignment on Downtown development “speaks volumes for the future.” “I don’t think you can overstate how significant of a step it is,” Lamping said Oct. 13 after a City Council vote to support Lamping Jaguars owner Shad Khan’s vision. Since August, Council approved $174 million in incentives and financial backing to assist Khan’s $441 million vision for a Four Seasons Hotel and Residencesanchored development along the Downtown riverfront and a team training facility near TIAA Bank Field. Lamping said the agreements are important for the Jaguars’ long-term presence in Jacksonville. “I think we’re in a very good place where both the Jaguars and the city’s interests are completely aligned and that speaks volumes for the future,” he said. SEE LAMPING, PAGE 9
THE BASCH REPORT
Investment firm buys 24% of Fortegra Group Plus: Salt Life adding locations. PAGE 8 VOLUME 108, NO. 238 • TWO SECTIONS