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The Missouri city, reeling from protests, has a economic climate based on payday advances and pawn stores, and that is area of the issue
FERGUSON, Mo. (MarketWatch) вЂ” If you drive the two-mile stretch of western Florissant Avenue which was the epicenter of almost fourteen days of protests and rioting into the aftermath associated with the authorities shooting of unarmed teenager Michael Brown, the very first thing youвЂ™ll notice is the fact that there exists a great deal to purchase.
Traveling south from I-270 toward the townвЂ™s boundary at Lucas-Hunt path, you can 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” pretty much every national merchant you would ever guess.
In that way, FergusonвЂ™s drag that is mainnвЂ™t much different than some other company corridor into the heartland.
This is certainly, with the exception of familiar banking names. Ferguson isnвЂ™t completely void of banking institutions. There is certainly an excellent Southern Bank GSBC, +1.34% branch, an initial nationwide Bank and two 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 across the strip. However 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 within the St. Louis area. They feature brokerage and home loan solutions, but those workplaces come in affluent components of the county plus in the town of St.