St. Louis banks see increased loans, profits

Pulaski Bank headquarters in Creve Couer | Photo courtesy of Pulaski Bank
Creve Couer-based Pulaski Bank is one of the more than 80 St. Louis-area banks that reported a total of $22.4 billion in loans at June’s end. | Courtesy of Pulaski Bank

Lending by banks in the St. Louis area increased 5 percent in the first half of the year, driven by upticks in commercial and industrial loans, commercial real estate loans and small loans to businesses.

More than 80 banks and thrifts in the area reported loans totaling $22.4 billion at the end of June, up from $21.4 billion a year earlier, according to figures released by the Federal Reserve Bank of St. Louis. The same banks reported year-to-date profits of $177.1 million, up from $155 million last year.

Though lending was up, St. Louis still trails national loan growth trends, according to Julie Stackhouse, senior vice president of the St. Louis Fed.

Read more from the St. Louis Post-Dispatch

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