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SunTrust wins latest deposit race, but Old Florida surges in ranks

SunTrust wins latest deposit race, but Old Florida surges in ranks

In Central Florida's latest money-in-the-bank score card, an Orlando bank run by a father-and-son team has surged into first place among the locally based community banks, regulatory figures show. Fast-growing Old Florida National Bank, headquartered in downtown Orlando, became the No. 1 locally based bank by deposit market share as of June 30, propelled by a 30 percent year-over-year jump in customer deposits, the Federal Deposit Insurance Corp. reported. The bank is led by Chief Executive Officer John Burden and his father, Randy O. Burden, chairman of the board and veteran local banking entrepreneur. The elder Burden headed a group of investors that acquired control of Old...

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