Longview banks post second year of double-digit growth

Longview, TX — If bank deposit figures serve as an economic indicator, then Longview and East Texas are faring well.

Longview banks completed their second consecutive year of double-digit deposit growth as of June 30, according to figures provided by the Federal Deposit Insurance Corp. Between June 30, 2011, and June of this year, deposits in Longview banks grew by nearly $250,000, posting a 12 percent jump.

That increase comes on the heels of a 13 percent increase in deposits the year before.

Read more [1] from the  Longview News-Journal.