Rausch has been the business editor since September 2008, previously serving as senior business reporter. He joined the Chronicle in April 2007. He has written for newspapers in Napoleon, Ohio, Moline, Ill., and Lima, Ohio. He holds a bachelor of science in journalism from Ohio University (1992). In 2006, he received a second place award in business writing from the Association Press in Ohio.
Posted October 11, 2013 10:01 am - Updated October 17, 2013 10:03 am

Augusta’s banks have steady rise in deposits

Banks in the area have $7.6 billion of your money.


More money has been entrusted to banks, about $88 million more, since last year’s survey of banks by the Federal Deposit Insurance Corp.


The deposit market share report shows that Wells Fargo still leads the pack. Its market share is about the same as 2012, 20.5 percent. That translates to $1.57 billion of deposits.


Locally-owned Georgia Bank and Trust is in a close second with $1.44 billion.


In looking at the rest of the 21 banks in this market, the rankings follow the previous year’s – not much movement.


SunTrust is third, followed by Bank of America, Security Federal, Regions, First Citizens, First Bank of Georgia, Queensborough and Synovus.


SECOND LOCATION: Clein’s Coins is opening up a second location in West Town Shopping Center on Tuesday.


The business has been in Augusta since 1941. The location of the store is on Telfair Street in the downtown district.


TOP SCHOOL: The James M. Hull College of Business at Georgia Regents University has been recognized a sixth time as one of the nation’s top business schools in the Princeton Review.


Business schools are ranked annually based on an assessment of their academic programs and offerings, a review of institutional data and a survey of 23,000 students.


From the proud dean, Marc Miller: “Our faculty and staff are deeply committed to quality programming and the academic and career success for our students. This prestigious recognition affirms that commitment.”