09.16.2009 10:40 am
Lending is strong here, RegionsBanker says
St. Louis Post-Dispatch
In the big picture, Americans are borrowing less and saving more. But at RegionsBank branches in the St. Louis area, customers are doing more of both. Sally Roth, the bank’s area president, says that loans are up 9 percent and deposits are up 12 percent over a year ago.
In a sign of the times, Regions has seen one-half of this year’s new checking-account customers open a savings account too. A year ago, Roth said, perhaps 20 percent were opening savings accounts.
The loan growth is in both home-equity and business loans, Roth told a breakfast audience at the St. Louis Regional Chamber and Growth Association. She attributes the commercial growth partly to the hiring of some experienced loan officers from other banks.
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David Nicklaus has covered St. Louis business for more than 25 years. His column appears three days a week on the Post-Dispatch business page. 
