2019 FDIC numbers released 5p report


THE FDIC RELEASED NEW MARKET SHARE NUMBERS EARLIER THIS MONTH. CHASE IS FIRST IN LOCAL DEPOSIT DOLLARS, TAKING OVER THE TOP SPOT FROM WELLS FARGO, WHICH SOLD ITS BRANCHES AND RETAIL BUSINESS TO FLAGSTAR. CHASE NOW HAS ABOUT TWENTY PERCENT OF THE DEPOST DOLLARS IN THE MARKET, WHICH THE FDIC SAYS IS ALLEN, WELLS AND WHITLEY COUNTIES. THOSE SHOWING THE STONGEST GAINS WERE LAKE CITY AND STAR BANKS — AND 3-RIVERS, WHICH IS A CREDIT UNION, SO NOT ON THE FDIC SCORECARD ((ERIC: WE’RE VERY PLEASED WITH OVER 100 MILLION DOLLARS OF GROWTH IN THIS MARKET, FOLLOWING ON FROM $90 MILLION OF GROWTH LAST YEAR. JIM: WE’VE LOOKED HOW WE’VE RAPIDLY MOVED OVER THE LAST 19 YEARS. WE WERE ABOUT 12TH IN THE MARKET. AND NOW IT’LL BE FOURTH IN THE MARKET SHOWS AN AWFUL LOT OF SUPPORT FROM THE COMMUNITY AND WE’RE PRETTY EXCITED ABOUT IT. DON: I WAS VERY PLEASED WITH OUR RESULTS BASICALLY BECAUSE WE KNOW WHAT OUR BRANCHES WERE WITHIN THAT MARKET WITHIN THE, THE MSA AND WHERE OUR BRANCHES ARE, AND I KNOW WHAT OUR BRANCH DEPOSITS ARE IN THAT EVEN THOUGH IT’S NOT PART OF THAT REPORT. WE DID VERY WELL….)) TO SEE THE FULL RANKINGS, CHECK OUT WANE.COM COMING UP AT SIX, THE REASON WHY THESE INSTITUTIONS SAY THEY DID SO WELL – AND – WHY THE FLAGSTAR NUMBERS MIGHT BE DECEIVING.

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