As the gateway to the Caribbean and Latin America, Miami boasts a thriving financial center and serves as a hub of international trade. In fact, Miami is home to more international banks in any city in the United States, after New York. Besides tourism, the principal industries are media, telecommunications and agriculture.

According to the most recent data, the largest banks by asset size in Miami, Florida are:

Bank of America - With over $2.45 trillion in assets, it is one of the largest banks in the world and has a significant presence in Miami, with multiple branches throughout the area.

Wells Fargo - With over $1.7 trillion in assets, it is one of the largest banks in the United States and has a significant presence in Miami, with multiple branches throughout the area.

JPMorgan Chase Bank - With over $3.38 trillion in assets, it is one of the largest banks in the world and has a significant presence in Miami, with multiple branches throughout the area.

Citibank - With over $1.68 trillion in assets, it is one of the largest banks in the world and has a significant presence in Miami with multiple branches throughout the area.

PNC Bank - With over $561 billion in assets, it is a regional bank with headquarters in Pittsburgh, Pennsylvania and has a significant presence in Miami with multiple branches throughout the area.

Truist Financial Corporation (formerly known as BB&T Corporation and SunTrust) is a large regional bank with headquarters in Charlotte, North Carolina and has a large presence in Miami. Truist was formed as the result of a merger between BB&T and SunTrust Banks Inc, in December 2019. As of 2021, Truist has total assets of approximately $535 billion, making it one of the largest banks in the United States. The bank provides a wide range of banking and financial services to individuals, small businesses, and commercial clients through a network of over 2,000 branches and ATMs in 15 states and Washington, D.C.

TD Bank - With over $370 million in assets, it is subsidiary of Toronto-Dominion Bank. TD Bank has a significant presence in northeast and on the East Coast to include Miami with multiple branches throughout the area.

Fifth Third Bank - With over $213billion in assets, it is a regional bank with headquarters in Cincinnati, Ohio and has a significant presence in Miami with multiple branches throughout the area.

Regions Bank - With over $154 billion in assets, it is a regional bank with headquarters in Birmingham, Alabama and has a significant presence in Miami with multiple branches throughout the area.

Please note that these figures may not be the most current and are subject to change as banks grow and merge over time. Also, these are the largest banks by asset size in Miami, but there are many other local and regional banks that also play an important role in the banking industry of Miami.

The largest international banks in Miami with headquarters outside of the USA are:
  • Barclays: A major global bank with a strong presence in Miami, providing services in investment banking and wealth management.
  • Banco Santander: With a long-established branch in Miami, Santander focuses on private banking services for high-net-worth individuals, especially from Latin America.
  • BBVA: Another significant player in Miami’s financial scene, providing both retail and corporate banking services.
  • Banesco: Based in Latin America, Banesco has expanded into the Miami market to offer its banking services.
  • BNP Paribas: Recently expanded into Miami with a new office that opened in late 2023, supporting its global markets business​.
  • ABANCA: A European bank with a focus on personal and business banking, ABANCA operates a branch in Miami  (ABANCA USA).
  • Itaú Unibanco: A leading Brazilian bank with a private banking unit in Miami, catering to high-net-worth clients from Latin America​

Note that these banks have branches or representative offices in Miami, but their headquarters are located in other countries.

The legal environment in Florida can be hospitable to financial litigation than other locales. That’s why it is even more important to have a banking expert witness, like Jason Koontz, assisting your team to prepare for trial.
 
Koontz brings seasoned experience, with a long career of over 20 years in the banking industry. His primary focus is mortgage financing and other bank operations. Notably, he is well-versed in risk issues and earned the Credit Risk Certification (CRC) designation from the Risk Management Association.
 
Litigators rely on Koontz for his extensive background when he advises them on complex issues of commercial loans, banking and residential mortgages. Given his experience on more than 250 engagements, attorneys consider him to be skilled at reviewing key documents and files to discover if lenders or servicers followed best industry practices or if they might have strayed from standard procedures and best practices. 
 
Moreover, Koontz has been deposed and testified in a number of matters for state and federal courts over the years, and can be counted on to present his understanding of the case in terms members of a jury can easily follow and remember. 
 
Whether you represent lenders, individuals, mortgage loan services or small business owners, your legal team will be well-served to engage the expert witness services of Koontz for his expertise in the following areas of banking:
  
For Commercial Banks
  • Cash management
  • Commercial loans
  • Debt collection
  • Fraud
  • Lender liability
  • Underwriting
 
For Retail Banks and Mortgage Servicing
  • Consumer protection
  • Debt collection
  • Deposit accounts
  • Foreclosure
  • Fraud
  • Lender liability expert witness
  • Loan modifications
  • Mortgage loan servicing
  • Predatory lending expert witness
  • USPAP compliance
 
For a typical expert witness engagement, Koontz reviews files and documents for attorneys and prepares written reports. The next step is making these reports intelligible and accessible to the members of the jury and the judge, who usually are less familiar with the complexity of lending and mortgage servicing processes and the often technical terminology. Koontz is highly skilled at explaining his findings succinctly and clarifying industry jargon. 

Consider how the testimony of an expert witness like Koontz will have a powerful impact in your litigation. Call Jason D. Koontz at (646) 397-3835 or email [email protected].