WV Banks at a Glance - Beckley, Bluefield & Lewisburg News, Weather, Sports

WV Banks at a Glance

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  • Tazewell County Man Busted for Growing Marijuana

    Tazewell County Man Busted for Growing Marijuana

    Monday, September 1 2014 8:04 PM EDT2014-09-02 00:04:51 GMT
    Roger Lee Sparks, Jr.Roger Lee Sparks, Jr.
    A Richlands man is in custody after Tazewell County Deputies find $350,000 worth of pot, including 115 plants and more than a pound of harvested marijuana, and guns in his home.
    A Richlands man is in custody after Tazewell County Deputies find $350,000 worth of pot, including 115 plants and more than a pound of harvested marijuana, and guns in his home.
  • Officers In Tazewell County Work To Keep Your Holiday Travel Safe

    Officers In Tazewell County Work To Keep Your Holiday Travel Safe

    Monday, September 1 2014 6:50 PM EDT2014-09-01 22:50:12 GMT
    Police patrolling the roads this Labor DayPolice patrolling the roads this Labor Day
    According to AAA, 34.7 million people are expected to hit the road this Labor Day. Many police officers are out in force to keep you safe.
    According to AAA, 34.7 million people are expected to hit the road this Labor Day. Many police officers are out in force to keep you safe.
  • After fatal McDowell County crash, Troopers caution against drinking and driving over Holiday Weekend

    After fatal McDowell County crash, Troopers caution against drinking and driving over Holiday Weekend

    Monday, September 1 2014 6:00 PM EDT2014-09-01 22:00:38 GMT
    While many are safely celebrating Labor Day, State Troopers want to caution everyone about the dangers of drinking and driving.The West Virginia Department of Transportation says over the last 5 years in the Mountain State, almost 800 people have been killed in a drink driving crash just during Labor Day Weekend. Troopers released these pictures from Sunday morning's fatal crash to show the consequences drinking and driving can have.Read full story on Sunday morning's fatal crash in McDowell ...
    While many are safely celebrating Labor Day, State Troopers want to caution everyone about the dangers of drinking and driving.The West Virginia Department of Transportation says over the last 5 years in the Mountain State, almost 800 people have been killed in a drink driving crash just during Labor Day Weekend. Troopers released these pictures from Sunday morning's fatal crash to show the consequences drinking and driving can have.Read full story on Sunday morning's fatal crash in McDowell ...
  • BusinessBusinessMore>>

  • Union workers at Frontier OK 3-year contract

    Union workers at Frontier OK 3-year contract

    Monday, September 1 2014 12:17 PM EDT2014-09-01 16:17:18 GMT
    The new contract will expire in August 2017. It covers about 1,500 employees in 42 West Virginia counties.
    The new contract will expire in August 2017. It covers about 1,500 employees in 42 West Virginia counties.
  • Shale activity spurs WesBanco growth

    Shale activity spurs WesBanco growth

    Monday, September 1 2014 10:00 AM EDT2014-09-01 14:00:29 GMT
    Managing growth has been a problem for some companies in the shale gas region of West Virginia, leading WesBanco to provide services to help them.
    Managing growth has been a problem for some companies in the shale gas region of West Virginia, leading WesBanco to provide services to help them.
  • WV workforce lacks oil and gas expertise — for now

    WV workforce lacks oil and gas expertise — for now

    Sunday, August 31 2014 5:00 PM EDT2014-08-31 21:00:19 GMT
    Despite the relatively high amount of natural gas production in West Virginia, less than 3 percent of employees in some of the major occupations that make up the sector's workforce live in the Mountain State.
    Despite the relatively high amount of natural gas production in West Virginia, less than 3 percent of employees in some of the major occupations that make up the sector's workforce live in the Mountain State.

Here are some fast facts you might not know about the status of banks in West Virginia:

As of Sept. 30, 2012, there were 61 banking companies based in West Virginia. Those banks had combined assets of $26.87 billion.

In size, those 61 banks ranged from WesBanco, with $5.555 billion, to First Federal Savings and Loan Association of Ravenswood with $13.84 million.

Altogether, 82 banks operate 671 offices in West Virginia, according to an FDIC database. As measured by deposits as of June 30, 2012, the largest banking office was that of BB&T at 300 Summer St. in Charleston with $913 million. Deposits at all locations in West Virginia totaled about $30.3 billion.

United Bank had the most locations in West Virginia with 60. It was followed by City National with 57, Wesbanco at 47, Huntington Bank with 35, J.P. Morgan Chase with 30 and First Community with 26.

Since Oct. 1, 2000, 494 banks in the United States have failed. Only one of those was in West Virginia. That was Ameribank in the McDowell County community of Northfork in 2008. Federal regulators shut down Ameribank because of what they called "excessive growth" in construction loans for property rehabilitation, mainly in low- and moderate-income housing markets.

In neighboring states in the same period, eight banks in Pennsylvania failed, eight in Maryland, seven in Ohio, four in Virginia and one in Kentucky, according to the FDIC.

West Virginia has 10 banking companies that were established in the 1800s. The oldest is United Bank, established on Jan. 1, 1839. The next three on the list of oldest banks are Jefferson Security Bank, May 19, 1869, WesBanco, Jan. 20, 1870, and Bank of Charles Town, Feb. 20, 1870.

According to call reports filed with the FDIC, United Bank reported the highest net income for the third quarter of 2012 with $44.99 million. Others were WesBanco with $39.59 million, City National Bank with $27.81 million, First State Bank of Barboursville with $6.17 million and Premier Bank with $5.20 million.

The only bank to report a net loss for the quarter was Doolin Security Savings Bank of New Martinsville, at $518,000.