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New Regional Bank Aims to Grow Appalachian Economy

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Thu, 2013-06-20 12:16 — Gina Angiola
By VICKI SMITH Associated Press
MORGANTOWN, W.Va. June 14, 2013 (AP)

Mike Hurley had a great opportunity: He could multiply sales and staff by converting his metal-stamping business from one that made brackets for the automotive industry into a top-tier supplier of satellite dishes to DirecTV.

He also had a problem: Highlands Diversified Services is headquartered in small-town Appalachia, a place where big banks readily lend money for houses, cars and refrigerators but shy away from business loans. Louisville, sure. But not London, Ky., population 8,000.....

 

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Economics
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