Online CD auctions surpass $1 billion in deposits - Beckley, Bluefield & Lewisburg News, Weather, Sports

Online CD auctions surpass $1 billion in deposits

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  • Calacino's in Beckley is home to Mountaineer football

    Calacino's in Beckley is home to Mountaineer football

    Calacino's in Beckley is home to Mountaineer football

    Saturday, August 30 2014 5:40 PM EDT2014-08-30 21:40:42 GMT
    The Mountaineers have thousands of fans, but Calacino's in Beckley is one local business that relies on them to keep their doors open.Jerseys, and posters fill the walls and Calacino's owner, Jerry Zaferatos , said in college football you cant count anyone out."I wouldn't have this business if I listened to people saying, you don't have a chance," Zaferatos said.Dominique Calicino opened the business back in the early 1930's and the owner says that he doesn't know where they would be without ...
    The Mountaineers have thousands of fans, but Calacino's in Beckley is one local business that relies on them to keep their doors open.Jerseys, and posters fill the walls and Calacino's owner, Jerry Zaferatos , said in college football you cant count anyone out."I wouldn't have this business if I listened to people saying, you don't have a chance," Zaferatos said.Dominique Calicino opened the business back in the early 1930's and the owner says that he doesn't know where they would be without ...
  • One person injured after ATV accident in Fayette County

    One person injured after ATV accident in Fayette County

    Saturday, August 30 2014 4:37 AM EDT2014-08-30 08:37:47 GMT
    Emergency crews were called to the scene of a ATV accident, just before 10 pm Friday.According to Fayette County 911 the ATV was struck by a vehicle along the 1900 block of Rt 60 Anstead area of Fayette County.One person was transported by helicopter, to a local hospital for treatment, The extent of those injuries or what caused the accident is not yet known at this time.The Fayette County Sheriff Department is investigating.
    Emergency crews were called to the scene of a ATV accident, just before 10 pm Friday.According to Fayette County 911 the ATV was struck by a vehicle along the 1900 block of Rt 60 Anstead area of Fayette County.One person was transported by helicopter, to a local hospital for treatment, The extent of those injuries or what caused the accident is not yet known at this time.The Fayette County Sheriff Department is investigating.
  • Intruder Kicks in Door at Apartment in Beckley

    Intruder Kicks in Door at Apartment in Beckley

    Friday, August 29 2014 11:27 PM EDT2014-08-30 03:27:05 GMT
    Beckley Police are searching for two suspects after a burglary at the Lewis Ritchie Apartments in Beckley around 10:00 Friday night (8/29). 
    Beckley Police are searching for two suspects after a burglary at the Lewis Ritchie Apartments in Beckley around 10:00 Friday night (8/29). 

CHARLESTON (AP) — The West Virginia Board of Treasury Investments says it has deposited more than $1 billion with banks across the state since the start of its online certificates of deposit auction program in 2006.

The BTI says three more banks successfully bid on funds Wednesday. It says the program has resulted in $1.4 million in greater interest return than if the funds were not put up for bid.

State Treasurer John Perdue, who also serves as chairman of BTI, says that passing the $1 billion milestone is a source of pride. He says the program is providing lending capital to small and large banks in hopes of stimulating economic growth.

The West Virginia Legislature created the BTI in 2005 to oversee and manage the state's Consolidated Fund.

 

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