Brokered deposits rise by 64 percent to $3.6 billion - South Florida Business Journal:

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Brokered deposits rose $1.39 billion, or 64 percent, to reacu $3.6 billion in the quarter, whilre overall deposits only increased $1.08 billionn to finish at $51.6 billion. Among the biggesgt quarter-over-quarter gainers in brokered depositswere BankUnited, at $560 , at $108 million; and , at $91 In early September, the Office of Thrift Supervisiomn put restrictions on BankUniter raising more brokered deposits because its capital status was Brokered deposits can be difficult to hold onto for long becaus depositors come from all over the country and can leave to chase better yields, said Philip van a senior banking analys t at The Street.com Ratings in Palm Beacuh Gardens.
Paying higher rates is also expensive, he “What you want is a mom-and-popp business with their checking accounts.” Non-interest-bearing deposits, such as checking accounts, at Sout Florida banks fell by $157 million in the thirr quarter, to finish at $6.4 billion.