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Local bankers say San Angelo economy is 'cautiously optimistic' as jobs and data centers drive growth
Summary
At a San Angelo bankers' panel, local lenders described a resilient, broad-based local economy driven by job growth, data-center and military-related activity, but warned housing shortages and infrastructure constraints could limit expansion.
A panel of San Angelo bankers on Monday described a cautiously optimistic local economy buoyed by job growth, data-center investment and regional institutions, but they warned housing supply and infrastructure constraints could slow gains.
The discussion, at a business-panel lunch, featured Ray Montgomery of City National Bank, Brandon Braden of Texas State Bank and Luke Urich, market president for his bank's San Angelo market. Montgomery called San Angelo an "oasis in the desert," saying the city often performs differently than national trends and that local institutions and recent investment have created a resilient local ecosystem.
"San Angelo has always been…
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