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Article: New El Paso - Boomtown For Bankers.
- Article from:
- American Banker
- Article date:
- August 16, 2006
- Author:
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El Paso is booming, and its banks are reaping the benefits.
About 20,000 soldiers are expected to move to El Paso's Fort Bliss over the next six years; the first four-year medical school to be built in this country in 25 years is under construction there; and the border town is adding lucrative high-technology and automotive jobs.
Though El Paso's economic expansion is still in its early stages, bankers say they are already seeing significant demand for construction and small-business loans.
"It's a great time to be in banking in El Paso," said Rodrigo Flores, the president and chief executive officer of the $62 million-asset Capital Savings Bank, which is on pace ...