The Missouri town, reeling from protests, includes a economic climate based on pay day loans and pawn stores, and thatвЂ™s area of the issue
FERGUSON, Mo. (MarketWatch) вЂ” If you drive the two-mile stretch of western Florissant Avenue that has been the epicenter of almost fourteen days of protests and rioting within the aftermath of this police shooting of unarmed teenager Michael Brown, the thing that is first notice is the fact that there is lots to get.
Traveling south from I-270 toward the townвЂ™s boundary at Lucas-Hunt path, you will find a dozen fast-food restaurants вЂ” Taco Bell, McDonaldвЂ™s MCD, +0.64% , DominoвЂ™s DPZ, -0.12% , ArbyвЂ™s вЂ” and a Target TGT, +0.50% , Walgreens XE:WGN , Dollar General DG, -0.13% , SamвЂ™s Club, Wal-Mart WMT, +0.66% вЂ” almost every national store you can see right now.
By doing so, FergusonвЂ™s drag that is mainnвЂ™t much different than virtually any company corridor when you look at the heartland.
This is certainly, aside from familiar banking names. Ferguson isnвЂ™t totally void of banking institutions. There is certainly a good Southern Bank GSBC, +1.34% branch, a primary National Bank as well as 2 credit unions. Bank of America Corp. BAC, +1.77% , U.S. Bancorp USB, +0.61% and United Missouri Bank UMBF, +2.69% have actually automated teller devices over the strip. But also for branches, youвЂ™ll need certainly to head to neighboring Florissant.
J.P. Morgan Chase & Co. JPM, +0.57% , Citigroup Inc. C, +1.44% and Wells Fargo & Co. WFC, +1.19% donвЂ™t operate branches when you look at the St. Louis area. They provide brokerage and mortgage solutions, but those workplaces have been in affluent elements of the county plus in the town of St. (more…)