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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.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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