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Unable to dig up much gold among the coal mines, a small West Virginia savings and loan is venturing into one of the nation's most affluent areas.

Ameribank Inc. of Welch, W.Va., won approval from the Office of Thrift Supervision this week to open a branch in Palm Beach Gardens, Fla., where the median income is nearly triple that of McDowell County, one of the poorest counties in the nation's poorest state.

Ameribank has been healthy for a long time, says Jim Sutton, its vice chairman, "but try as we might, our loan portfolio will not grow in this county -- so we have to go somewhere else, where there is significant loan demand."

The $80 million-asset …