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Non-Tech : USAB - USABancShares.com
USAB 75.000.0%Dec 29 4:00 PM EST

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To: King David who wrote (2271)11/17/1999 5:35:00 PM
From: Tom Borst  Read Replies (1) of 2419
 
Did anyone notice the difference in deposits from June 30th through Sept. 30th ? ? ?

Demand $ 2,712 up from $1,849
NOW $1,996 up from $1,521
Money Market $658 down from $1,186
Savings and Passbook $25,423 up from $20,781
Time $241,884 up from $144,618
Total $272,673 up from $169,955

Total Deposits increased $103 million or 60% in only the last three months! $97 million in new CD's; I doubt if these customers will jump ship for a freeby! Based only on 6-30 thru 9-30 (some very hard-times for USAB), new deposits were coming in at $1.1 million a day.

Using only those numbers going forward, we'd have a minimum of 6,500 new online accounts by year-end. Anything over 5,000 makes them a serious player!
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