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September 16, 2013

More 5-star ratings for South Florida banks

In yet another sign of a strengthening economy, 17 Miami-Dade and Broward banks received five stars - the highest possible - in the most recent ratings by Coral Gables-based BauerFinancial, based on June 30 results. That compares to 15 at the end of the first quarter of this year.

In yet another sign of a strengthening economy, 17 Miami-Dade and Broward banks received five stars - the highest possible - in the most recent ratings by Coral Gables-based BauerFinancial, based on June 30 results. That compares to 15 at the end of the first quarter of this year.

Awarded the five-star "superior" rating were Miami Lakes-based BankUnited; Biscayne Bank, based in Coconut Grove; Broward Bank of Commerce, based in Fort Lauderdale; Capital Bank, based in Coral Gables; City National Bank of Florida, based in Miami; Desjardins Bank, based in Hallandale; Espirito Santo Bank, based in Miami; Executive National Bank, based in Miami; Florida Community Bank, based in Fort Lauderdale; Floridian Community Bank, based in Davie; Intercontinental Bank, based in West Miami; Marquis Bank, based in Coral Gables; Mercantil Commerce Bank, based in Coral Gables; Professional Bank, based in Coral Gables; Sabadell United Bank, based in Miami; Stonegate Bank based in Fort Lauderdale; and TotalBank, based in Miami.

Bauer rated fout Miami-Dade and Broward banks as "troubled and problematic, " giving them zero stars, down from four last quarter. All have been on the "troubled'' list for at least a year. They were Great Florida Bank, based in Miami; Home Federal Bank of Hollywood, based in Hallandale Beach; OptimumBank, based in Plantation; and Miami-based US Century Bank, which has announced a plan for a recapitalization.

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