President Obama's surprise decision to restore economic ties with Cuba will reverberate throughout the U.S. banking industry, as Cuban-Americans send more money to their relatives back home, American companies do more business in the island nation, and banks grow less fearful of sanctions violations.

The changes will likely be felt most acutely in Florida, which is home to more than two-thirds of all Cuban Americans, but where doing business in Communist Cuba remains politically fraught.

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