Bank deposits in Charleston up 3%, nearly double SC’s rate, new report shows
An annual snapshot of U.S. bank deposits show the Charleston region had a 3 percent gain from a year ago, outpacing the statewide average.
The 210 offices operated by federally insured financial institutions in the tri-county had $9.96 billion in their vaults on June 30. That was about $269 million more than on the same date in 2012.
Statewide, deposit growth was slower at 1.6 percent at the midyear point, edging up to $68.5 billion. The number of offices that held the money fell by 25 in 2013 to 1,376 locations.
The annual “Summary of Deposits” report was released by the Federal Deposit Insurance Corp. on Monday, a day head of the U.S. government shutdown.