Bankers are optimistic that they will bounce back after a harsh winter in almost every part of the country raised their snow removal costs, slashed mortgage income and slowed overall customer activity.
OceanFirst Financial, Toms River, N.J.
Snow slowed down surveyors and planners, which put a chill on construction lending, CEO Chris Maher said during a quarterly conference call. "I do think the weather had an impact there," he said. "We think that will strengthen probably a little bit in future quarters."