Business Journal: Sacramento Region's Riches Reflected in Bank Deposits

Share |
(Sacramento, CA)
Thursday, October 20, 2005

The insured deposits at the region’s banks grew by about 12% -- a healthy number, but a shade shy of last year’s 13% growth in local deposits. Clearly the region is becoming richer. The total deposits in the area’s banks stand at $28 billion, according to the FDIC – up sharply from the year 2000, when the plunging stock market affected many households.

Two thirds of the region’s deposits are in Sacramento County … but Placer County’s growth, up 17%, set the pace for money in the bank. These June 30th numbers from the FDIC don’t include credit unions or uninsured checking accounts, which would drive the figures higher