Last year's crisis still roils banks

As it pulls back from financing commercial real estate, Fremont Bank has increased its business lending, which accounted for a third of its loans in 2023, compared to just 20% of loan production in 2022. Looking at what’s happening at longtime banking rivals, Mastorakis talks of “displaced customers,” such as contractors, professionals and other business owners, who may have felt lost as they suddenly found themselves doing business with a new bank.