CHARLESTON, W.Va. -- Charleston-area banks saw their deposits grow by more than $200 million over the last year, with Huntington National Bank accounting for half of the increase, according to new data from the Federal Deposit Insurance Corporation.
The FDIC released annual data on bank deposits at the end of September. The reports summarize total deposits in banks as of June 30 each year.
The latest data showed deposits with banks in the Charleston Metropolitan Statistical Area -- which includes all of Kanawha, Boone and Clay counties -- increased by about 4 percent from July 1, 2012, to June 30, 2013.
Total deposits at the 16 banking institutions in the area grew by more than $198.3 million, from $4.9 billion to $5.1 billion.
Huntington National Bank saw the largest increase in Charleston area deposits, rising 19 percent year-over-year. The bank's deposits increased $109 million, from $577.5 million in June 2012 to $686.8 million this year.
Andy Paterno, president of Huntington's West Virginia region, said he credits the increase to the company's approach to its customers.
"The culture we're building is to listen to customers more and more and do more things they want," he said.
Paterno said the biggest complaints they hear about other banks center on the fee structures tied to checking accounts. In response to that, the company introduced its "Fair Play" banking approach in 2011, which centers on its fee-free, no minimum balance checking accounts and other features.
While other banking companies have introduced or increased fees since 2011, Huntington has maintained its approach.