Oct 7, 2015
Banking on Lubbock
LUBBOCK - Lubbock-area bank deposits surpassed the $7.5 billion mark in 2015 with nearly a $290 million increase in deposits between July 2014 and June 2015, according to figures compiled...
LUBBOCK – Lubbock-area bank deposits surpassed the $7.5 billion mark in 2015 with nearly a $290 million increase in deposits between July 2014 and June 2015, according to figures compiled by the Federal Deposit Insurance Corp.
The Lubbock area’s 28 banks had combined deposits of nearly $7.68 billion, a 3.9 percentage increase from $7.38 billion on June 30, 2014, according to the FDIC data, which includes banks in Crosby and Lynn counties.
Area bankers said the continued increase in deposits is a sign of the city’s healthy economy, along with a continued growth in construction.
City Bank, PlainsCapital and Wells Fargo Bank held the first, second and third spots. The three represent almost half the market.
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