Wednesday, February 12, 2014

Demographics making North Carolina attractive to banks

Expected rapid population increases in several parts of North Carolina are making the state very attractive to the banking industry, a new report from SNL Financial says.

Four of the top 10 metro areas with the strongest anticipated growth are in North Carolina or include parts of the state, according to the research firm's data.

Jacksonville and Dunn take the second and third spots. Raleigh comes in at No. 8, and the Myrtle Beach metro area that includes much of Brunswick County nabs the last spot on the list. All of them are projected to have population increases exceeding 10 percent by 2018.

Who stands to benefit? Wells Fargo, Bank of America and BB&T, SNL says. Those three banks have the most deposits and branches in the high-growth areas.

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