Government report tracks bank deposits

A report by the FDIC that tracks deposits in banks and savings and loans shows that Oconee Federal Savings and Loan continues its dominance in the local banking community.  By June 30, Oconee Federal sported more than $289 million in deposits—the second year after having added offices in two northeast Georgia counties.  For all banks and savings and loans doing business in Oconee, total deposits exceeded $1.2 billion.  That’s an increase of $120 million from 2015.  Wells Fargo Bank bumped Community First from second highest to third, with Wells Fargo’s $200.5 million, compared with Community First’s $189 million.  Blue Ridge Bank, with nearly $97 million in deposits, continued a climb started in 2007.  Blue Ridge held its position as fourth largest.