Summary
Diversity in the markets Mississippi banks serve has also helped them withstand the downturn. Because Mississippi-owned banks weren't exposed to the dramatic real estate booms experienced in markets like Georgia, Florida or Nevada, they weren't as affected by the downfall of the real estate economy.
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Extract
Recovery On the Horizon?
Officials at Mississippi-owned banks say their institutions were not as severely impacted by the economic downturn as those across the nation due to conservative balance sheets and diversification in the markets they serve.
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