December Data Confirms Community Banks Winning Battle for Deposits


	December Data Confirms Community Banks Winning Battle for Deposits

ESKCSG

1-22-2009 4:51 PM

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tags:

high yield checking account, banking news, community banks, bancvue, checking finder, reward checking, bank rates, banking trends

ESKCSG says:

Deposits in REWARDChecking accounts jumped another $183 million in December. Demand deposit accounts are now being offered by 477 community financial institutions across the country, an 82% increase in the network from a year ago. Follow link for the data study report.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/6fd3db68-8370-4b2b-9cf3-82d26a3bbf25/0DBB5CBA-5691-497F-8E45-85616E002D1B/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.msnbc.msn.com/id/28757512/" href="http://www.msnbc.msn.com/id/28757512/" style="font-size: 11px;">www.msnbc.msn.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/28757512/"><H1>December Data Confirms Community Banks Winning Battle for Deposits</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/28757512/"><P class="textBodyBlack"><SPAN id="byLine"></SPAN>
"Community financial institutions are winning back consumers from the
faltering megabanks and investment houses," said Shafer. "Americans are
indicating a preference toward investing locally, and they benefit from
high yields, fiscal safety, and <A class="iAs" classname="iAs" href="#" target="_blank" itxtdid="7840537">customer service</A>."
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/28757512/"><P class="textBodyBlack"><SPAN id="byLine"></SPAN>AUSTIN, TX - 
 BancVue, a leading provider of products and
consulting to community banking institutions, today reported deposits in
its REWARDChecking® accounts jumped another $183 million in December,
bringing total deposits in the program to $7.6 billion, a 175% increase for
the year.
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/28757512/"><P class="textBodyBlack"><SPAN id="byLine"></SPAN>
Confirming the point, BancVue reported a 165% year-over-year increase in
the number of REWARDChecking accounts to over 832,000 accounts at the end
of December. The firm indicates more than 40% are new relationships to the
financial institutions.
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