For the first time, bank deposits in East Baton Rouge Parish surpassed those in Orleans Parish, another sign of the shifting economic balance between Baton Rouge and New Orleans. The Times-Picayune says bank deposits in East Baton Rouge were $1 billion higher than Orleans Parish, $11.5 billion to $10.5 billion, according to the FDIC’s annual survey of financial institutions. There is still more money deposited in metro New Orleans banks, at $26.7 billion. But while the deposits have been steady for the past few years and have grown 25% since 2004, metro Baton Rouge deposits continue to rise. The amount has gone up 64% since 2004, to $14.7 billion. Read the full story here.
Report: Baton Rouge pulls ahead of N.O. for bank deposits
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