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Wells Fargo Beats Rivals to Oil-Boom Deposits, Study Says

2013-03-28 08:47:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Wells Fargo & Co. (WFC), the bank with the stage coach logo, is the only U.S. lender among the four largest to gain deposits in some Northern Plains states as customers flood banks with cash from an energy boom. North Dakota, Iowa, Montana, South Dakota and Nebraska were among the 10 states that saw federally insured deposits grow the fastest in the five years through 2012, according to research by Sanford C. Bernstein & Co. Deposits at Wells Fargo branches across those states increased more than...

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