TotalBank reports lower earnings

TotalBank on Wednesday reported third quarter net income of $2.3 million, down from $3 million in the same period of 2012.

The Miami-based bank said its loans rose $33 million during the latest quarter, led by a $30 million increase in residential loans, for an annualized growth rate of 35 percent.

Earlier this month, TotalBank announced plans to relocate its headquarters in May 2014 to Miami Tower in downtown Miami.

With $2.5 billion in assets, the bank has 21 locations in Miami-Dade County.

Read more Business stories from the Miami Herald

Miami Herald

Join the

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category