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Article: Sterling moves past WTB in local deposit market share
- Article from:
- Journal of Business
- Article date:
- November 6, 2008
- Author:
CopyrightCopyright Northwest Business Press Inc. Nov 6, 2008. Provided by ProQuest LLC. (Hide copyright information)
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Sterling Savings Bank moved ahead of perennial leader Washington Trust Bank in bank deposits in Spokane County over the last year, according to an annual market share report released last month by the Federal Deposit Insurance Corp.
Executives from both institutions downplayed the significance of the position change, though, saying they don't gauge performance or base growth strategies heavily on where they rank in deposits against certain banks in particular markets. They also note that the financial landscape 'has changed dramatically in the several months since the FDIC gathered the data, which renders the figures less meaningful.
The report, which measures banks' deposits by county and ...