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Forecast: Many banks will be loath to lend in 2010 [The Columbian]

Sunday, January 24, 2010 - 12:17 PM
A community bank president gives his forecast for 2010 in The Columbian article. Here is what he says about deposit growth:
Core customer deposits provide the best source of cash for banks, so expect banks to focus on deposit growth - especially business and checking accounts
So we may see some good deals on checking accounts. However, he doesn't think we'll see much loan growth:
Banks will repair and reduce balance sheets rather than lend and grow in the coming year
That's not good for deposit growth and CD rates.
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Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
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