Oconee Federal Savings and Loan top ranked for Deposits

In the latest measure of the FDIC’s assessment of banks and savings and loans, Oconee Federal Savings and Loan held its top rank for deposits, reports sister station WGOG. By June 30, 2017, the report showed Oconee Federal Savings and Loan with a near 24% share of the Oconee County market with in-county deposits of $291 million. In recent years, Community First Bank and Wells Fargo Bank have swapped second and third highest. This time, Community First is second with 17% of the market share and Wells Fargo ranks third at 15.33%. Blue Ridge Bank ranks fourth and First Citizens Bank was fifth. The report pegs seven other institutions with Oconee County market shares between 0.20% and 6.6%. In all, the market share report shows that 12 institutions doing business in the county held total deposits of $1.2 billion.