Where Is the Strongest Deposit Growth?

Thanks again Barb for providing this great resource for members to view at no cost.

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John Tyson
CFO/SVP
Altamaha Bank & Trust Company
Vidalia GA
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Original Message:
Sent: 10-07-2020 08:36
From: Barb Rehm
Subject: Where Is the Strongest Deposit Growth?

The answer to our headline: bank branches in low-income neighborhoods, thanks at least in part to coronavirus stimulus checks. Median year-over-year deposit growth through June 30 at the 4,000 branches located in low-income areas was 19.5%, compared to 16.9% at the roughly 26,200 branches located in upper-income areas. This week's complimentary post from S&P Global's Market Intelligence dives deep into the latest branching data. Definitely check out the charts. And read to the end to find out which community bank is leading the nation in opening branches in low-income neighborhoods and ranks among the top 20 banks in terms of service fee income.

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Barb Rehm
Senior Managing Director
Promontory Interfinancial Network, LLC
Arlington VA
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