Editing Jacksonville, Florida (section)

===Banking and financial services===
[[File:Jax Brooklyn 23.jpg|thumb|right|380px|From left to right: The headquarters of [[FIS (company)|FIS]], [[Black Knight, Inc.]], [[Fidelity National Financial]], Cowford Wealth Management Group of [[Raymond James]], and [[EverBank]] in [[Brooklyn (Jacksonville)|Brooklyn]].]]
Jacksonville has long had a regional legacy in banking and finance. Locally headquartered [[Atlantic National Bank]], [[Florida National Bank]] and [[Barnett Bank]] dominated the industry in Florida from the turn of the 20th century through the 1980s, before all being acquired in a national wave of mergers and acquisitions throughout the entire financial sector. Acquired by [[NationsBank]] in 1997, Barnett Bank was the last of these banks to succumb to acquisition, and at the time was the largest banking merger in U.S. history.<ref>{{cite web|title=Jacksonville.com: Barnett-NationsBank: Largest banking merger in U.S. history 8/29/97|url=http://jacksonville.com/tu-online/stories/083097/2a1Barne.html#.WELfQDbru00|website=Jacksonville.com|publisher=The Florida Time-Union|access-date=December 3, 2016}}</ref> The city still holds distinction nationally and internationally, boasting two Fortune 500 financial services companies, [[Fidelity National Financial]] and [[FIS (company)|FIS]], FIS being well recognized as a global leader in [[financial technology]].<ref>{{cite news|title=Jacksonville companies move up on Fortune 500 list|url=http://www.bizjournals.com/jacksonville/news/2016/06/06/jacksonville-companies-move-up-on-fortune-500-list.html|newspaper=Jacksonville Business Journal|access-date=December 3, 2016}}</ref> Headquartered on the banks of the St. Johns River in [[Downtown Jacksonville]], [[EverBank]] holds the title of largest bank in the state by deposits.<ref>{{cite news|title=TIAA Said to Be in Talks to Buy EverBank for Online Lending|newspaper=Bloomberg.com|date=August 3, 2016|url=https://www.bloomberg.com/news/articles/2016-08-03/tiaa-said-to-be-in-talks-to-buy-everbank-for-online-expansion|publisher=Bloomberg|access-date=December 3, 2016}}</ref> The city is home to other notable financial services institutions including [[Ameris Bancorp]], [[Atlantic Coast Financial]], [[Black Knight Financial Services]], [[MedMal Direct Insurance Company]], US Assure, Jax Federal Credit Union, and [[VyStar Credit Union]]. The city is also home to the [[Federal Reserve Bank of Atlanta Jacksonville Branch|Jacksonville Branch]] of the [[Federal Reserve Bank of Atlanta]].<ref>{{cite web|last1=Lockhart|first1=Dennis|title=Federal Reserve Bank Presidents|url=https://www.federalreserve.gov/aboutthefed/bios/banks/pres06.htm|website=federalreserve.gov|publisher=Board of Governors of the Federal Reserve System|access-date=December 3, 2016|archive-date=December 8, 2016|archive-url=https://web.archive.org/web/20161208013722/https://www.federalreserve.gov/aboutthefed/bios/banks/pres06.htm|url-status=dead}}</ref>

Jacksonville's [[financial sector]] has benefited from a rapidly changing business culture, as have other [[Sunbelt]] cities such as [[Atlanta]], [[Tampa]], and [[Charlotte, North Carolina|Charlotte]]. In a concept known as [[nearshoring]], financial institutions are shifting operations away from high-cost addresses such as [[Wall Street]], and have shifted some trading functions to Jacksonville.<ref>{{cite news|last1=Levin|first1=Jonathan|title=Wall Street Is Hiring ... in Florida |url=https://www.bloomberg.com/news/articles/2017-01-25/wall-street-is-hiring-in-florida|website=Bloomberg.com|date=January 25, 2017|publisher=Bloomberg|access-date=January 25, 2017}}</ref> With relatively low-cost real estate, easy access by planes to New York City, high quality of life, and 19,000 financial sector employees, Jacksonville has become an option for relocating staff.<ref>{{cite news|last1=Gray|first1=Alistair|title=Move over NY — here comes Jacksonville |url=https://www.ft.com/content/e1ece4fa-17ac-11e6-bb7d-ee563a5a1cc1 |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/e1ece4fa-17ac-11e6-bb7d-ee563a5a1cc1 |archive-date=December 10, 2022|url-access=subscription|newspaper=Financial Times|date=May 15, 2016|access-date=December 3, 2016}}</ref>

[[Deutsche Bank]]'s growth in the city is an example of such change. Jacksonville is the site of Deutsche Bank's second largest U.S. operation; only New York City is larger. They also are an example of a business that has moved operations to the suburbs.<ref>{{cite web|last1=Pantazi|first1=Andrew|title=Shift in Jacksonville's financial industry also a shift away from downtown|url=http://jacksonville.com/news/metro/2016-06-05/story/new-york-too-expensive-so-jacksonville-steps-draw-high-paying-finance|website=Jacksonville.com|publisher=The Florida Times-Union|access-date=December 3, 2016}}</ref> Other institutions with a notable presence in Jacksonville include [[Macquarie Group]], [[Bank of America]], [[Wells Fargo]], [[JPMorgan Chase]], [[Citi]], [[Citizens Property Insurance]], [[Fidelity Investments]], [[Ally Financial]] and [[Aetna]].<ref>{{cite web|last1=Pantazi|first1=Andrew|title=Jacksonville Area Employers|url=http://jaxusa.org/images/uploads/resources/Jacksonville_Large_Area_Employers.pdf|website=jaxusa.org|publisher=JAXUSA Partnership|access-date=December 3, 2016}}{{dead link|date=March 2018 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>