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Business When it comes to banking, there's safety in numbers

When it comes to banking, there's safety in numbers

Wednesday, 25 February 2009 15:10 Last Updated on Wednesday, 13 May 2009 07:07 Written by Christine O'Connor
At a time when job security is questionable, many Americans are putting pennies aside in anticipation of a possible pink slip.

2_26_hughes_text.jpgConsumers are afraid, said Tony Hughes, president and chief executive officer of Beach Community Bank. But saving their dollars tends to hurt the economy because there is no steady cash flow for goods and services.

For more on this story, see the Feb. 26 issue of the Navarre Press or subscribe online.

 

 

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