- Insurance revenue up for top bank holding companies
The nation's bank holding companies increased their total insurance revenue 1.1 percent to $21.4 billion in the first half of 2006 from $21.2 billion during the same period in 2005. CitiGroup (N.Y.), Wells Fargo & Company (Calf.), Countrywide Financial Corporation (Calif.), and HSBC North America Holdings Inc. (Ill.) led all ......
- People's Reorganizes as Stock Holding Company
People's Mutual Holdings, a federally-chartered mutual holding company (MHC), and its Subsidiary, People's Bank, recently announced their plan to convert from a Mutual holding company structure to a fullypublic stock savings and loan holding company.
- Banking firms make gains in insurance business
The nation's bank holding companies increased their total insurance revenue 18.9 percent to $44.1 billion in 2005. Citigroup, Wells Fargo & Company, HSBC North America Holdings, Countrywide Financial and JP Morgan Chase & Co., led all bank holding companies, according to Michael White Associates and the American Bankers Insurance Association....
- for the record
FEDERAL RESERVE WEEKLY FILINGS June 18: United Bank & Trust, Marysville, Kan., authorized to establish a branch in Manhattan, Kan. North Star Financial Holdings, Inc., Bingham Farms, Mien., authorized to become a bank holding company and to acquire N Star Community Bank, a de novo bank. Tradition Bancshares, Inc., Edina, ......
- New banks planned for growing Montana markets
PMI Financial Holdings Corp., a new holding company based in Billings, Mont., is set to open this fall the first of several banks in the state's top markets. The holding company was formed this year by a group of investors that includes Pat Davison, Dick Zier, Jeff Butcher, Tom Hancock ......
- Financial holding companies debut-- and they're
not all giants.
Among community banking institutions, $387 million-assets Umpqua Holdings Corp. has long been known as an innovative bank--though it hasn't been fond of the word "bank." "We view ourselves as a marketing company that just happens to sell financial products and services," says Ray Davis, president and CEO of the Roseburg, ......
- KeyCorp Inks merger with Union State
Bank.
Cleveland-based KeyCorp, the holding company for KeyBank, has agreed to merge with U.S.B. Holding Co. Inc., the holding company for Union State Bank. U.S.B. Holding Co. is based in Orangeburg, N.Y. Union State Bank is a state-chartered commercial bank with assets of about $3 billion, loans of $1.6 billion ......