FDIC: St. Louis metro area third-highest 'unbanked' region

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by KMOV.com Staff

KMOV.com

Posted on September 12, 2012 at 7:01 PM

Updated Wednesday, Sep 12 at 7:01 PM

ST. LOUIS (KMOV.com) – Almost 10 percent of households in the metro area do not use a bank of any form.

According to the FDIC, 9.7 percent of households are unbanked. That number is even higher for African-American households.

FDIC figures show that 31 percent of African-American households do not use a bank. The metro area numbers are the third highest total in the country.

The FDIC says the numbers show a large opportunity for banks to expand their business to those who do not currently use banks.

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