Because there are enough depositors to keep them all busy. Besides being old, many of the people living in Naples are wealthy. Personally, I have not noticed there are more banks in Collier County than some other counties in Florida, for instance, Sarasota.
However, how many cities other than Naples can boast two Ritz Carlton Resorts?
Well the Old people answer is a ok one but I think the wealthy one has better reasoning as until the FDIC raised their insurance most wealthy persons had to have multiple banks and bank accounts to make sure all their money was covered. Meaning there was plenty of opportunity for more and more banks to open up b/c the need was and still is there.
old retired people
old people
