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Regional Bank
A regional bank is a depository institution, i.e. a bank, savings and loan, or credit union, which is larger than a community bank, which operates below the state level, but smaller than a national bank, which operates either nationally or internationally. A regional bank is one that operates in one region of a country, such as a province or within a group of provinces. The definition of what constitutes a regional bank is not precise. They generally provide, with some limitations, the same services as larger banks, such as deposits; loans, leases, mortgages, and credit cards; ATM networks; securities brokerage; investment banking; insurance sales; and mutual fund and pension fund management. The term is often used in stock trading, when referring to investing in different bank types, usually referred to as regional bank ETF's (exchange-traded funds). List of regional banks *East West Bank (East West Bancorp) *Cambridge & Counties Bank UK *Opus BankCA *KeyCorp (KeyBank) *Su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Depository Institution
Colloquially, a depository institution is a financial institution in the United States (such as a savings bank, commercial bank, savings and loan associations, or credit unions) that is legally allowed to accept monetary deposits from consumers. Under federal law, however, a "depository institution" is limited to banks and savings associations - credit unions are not included. An example of a non-depository institution might be a mortgage bank. While licensed to lend, they cannot accept deposits. See also *Authorised deposit-taking institution Financial institutions in Australia are only permitted to accept deposits from the public if they are authorised deposit-taking institutions (ADIs). The ADI’s authority is granted by the Australian Prudential Regulation Authority (APRA) under the ... References * Ruben D Cohen (2004) âThe Optimal Capital Structure of Depository Institutions€ť, ''Wilmott Magazine'', March issue. Financial services in the United States {{Busine ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Banking
Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services ( fixed income instruments, currencies, and commodities) or research (macroeconomic, credit or equity research). Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket (upper tier), Middle Market (mid-level businesses), and boutique ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Valley National Bank
Valley National Bancorp, doing business as Valley Bank, is a regional bank holding company headquartered in Wayne, New Jersey, with approximately $43 billion in assets. Its principal subsidiary, Valley National Bank (also doing business as Valley Bank), currently operates over 230 branch locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, and Queens, as well as Long Island, Westchester County, New York, Florida and Alabama. Valley Bank is one of the largest commercial banks headquartered in New Jersey. History Founded in 1927 as the Passaic Park Trust Company, the bank changed its name in the mid 1930s to the Bank of Passaic and Trust Company. In 1956 the Bank of Passaic and Trust Company acquired the Bank of Allwood located in Clifton, New Jersey, and changed its name to The Bank of Passaic and Clifton. The acquisition of the Bank of Wayne in 1976 created a need for a new identity to show the expanded geographic reach of the bank, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
M&T Bank
M&T Bank Corporation (Manufacturers and Traders Trust Company) is an American bank holding company headquartered in Buffalo, New York. It operates 1680 branches in New York, New Jersey, Connecticut, Pennsylvania, Maine, Maryland, Massachusetts, New Hampshire, Delaware, Vermont, Virginia, West Virginia, and Washington, D.C. M&T is ranked 519th on the Fortune 500 list based on 2021 revenues. Until May 1998, the bank's holding company was named First Empire State Corporation. M&T Bank has been profitable in every quarter since 1976. Other than Northern Trust, M&T was the only bank in the S&P 500 Index not to lower its dividend during the financial crisis of 2007–2008. The bank owns the Buffalo Savings Bank building in downtown Buffalo, and Bridgeport Center in Bridgeport, Connecticut. M&T Bank also sponsors M&T Bank Stadium, home of the Baltimore Ravens. M&T Bank is the official bank of the Buffalo Bills in Western New York and of their home Bills Stadium in Orchard Park, New Y ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cadence Bank
Cadence Bank is a commercial bank with dual headquarters in Tupelo, Mississippi and Houston, Texas with operations in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, Tennessee, Texas, and Illinois. In 1876, Raymond Trice and Company received a charter to create a bank in its hardware store in Verona, Mississippi. In 1886, the banking operation was moved to Tupelo, Mississippi and the company was renamed to Bank of Lee County, Mississippi. Soon after, it was renamed to the Bank of Tupelo. The bank was renamed to Bank of Mississippi in 1966. In 1997, the bank changed its name to BancorpSouth. In October 2021, the bank changed its name to Cadence Bank. It has the naming rights to Cadence Bank Amphitheatre in Atlanta and Cadence Bank Arena in Tupelo. History In 1987, the bank acquired First Mississippi National Bank. In 1992, the bank acquired Volunteer Bank of Jackson. In 1998, the bank acquired Alabama Bancorp. In April 2000, the bank acquired First ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Suncorp Bank
Suncorp Bank is a part of the Suncorp Group, with head offices in Brisbane, Australia. From its beginnings in 1902 as the Queensland Agricultural Bank, Suncorp Bank has grown into the sixth largest bank in Australia. History The information in this section relates specifically to Suncorp Bank. For information relating to the group as a whole, see the history of the Suncorp Group. State Government Insurance Office Suncorp Bank commenced business in 1916 as the State Accident Insurance Office. Not long after, it changed its name to State Government Insurance Office (SGIO) and extended its operations into life insurance, general insurance and Compulsory Third Party. Over the years, superannuation, building society, and finance operations were added. Queensland Industry Development Corporation (QIDC) QIDC commenced operations in 1986, but evolved from the Queensland Agricultural Bank established in 1902. Initially operating primarily as a rural financier, QIDC expanded its act ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
KeyCorp
KeyBank, the primary subsidiary of KeyCorp, is a regional bank headquartered in Cleveland, Ohio, and is the only major bank based in Cleveland. KeyBank is one of the largest banks in the United States. Key's customer base spans retail, small business, corporate, commercial and investment clients. KeyBank maintains over 1,000 branches and over 40,000 ATMs, which are in 15 states: Alaska, Colorado, Connecticut, Delaware, Florida, Idaho, Illinois, Indiana, Iowa, Maine, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New York, Ohio, Oregon, Pennsylvania, Rhode Island, Texas, Utah, Vermont, Virginia, Washington, D.C. and Washington. KeyCorp maintains business offices in 39 states. Key ranked 449th on the 2022 Fortune 500 list based on its 2021 revenue. History KeyBank is the primary subsidiary of KeyCorp, which was formed in 1994 through the merger of Society Corporation of Cleveland, Ohio ("Society Bank") and KeyCorp ("Old KeyCorp") of Albany, New York. The mer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Opus Bank
''Opus'' (pl. ''opera'') is a Latin word meaning "work". Italian equivalents are ''opera'' (singular) and ''opere'' (pl.). Opus or OPUS may refer to: Arts and entertainment Music * Opus number, (abbr. Op.) specifying order of (usually) publication, and hence applied to collections as well as individual compositions * OPUS Records, a Slovak record label * Opus 111, a French classical record label bought by Naive Bands * Opus (Austrian band), an Austrian pop-rock group * Opus (Yugoslav band), a former Yugoslav progressive rock group * Opus III (band), an English electronic pop group * Pur (band), a German pop group originally known as "Opus" Albums * ''Opus'' (Opus album), 1987 album by Austrian band Opus * ''Opus'' (Schiller album), 2013 album by German music project Schiller * ''Opus'', a 2014 album by Jane Badler * ''Opus'' (Eric Prydz album), 2016 album by the electronic artist Eric Prydz ** "Opus" (Eric Prydz song), song from the eponymous album. * ''Opus'', a 2007 compil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cambridge & Counties Bank
Cambridge & Counties Bank is a bank based and operating in the United Kingdom specialising in property finance, asset finance, classic, vintage, sports car finance and savings accounts for small to medium enterprises (SMEs). The head office is located in the city of Leicester and the bank offers nationwide coverage through satellite offices. Cambridge & Counties Bank launched in June 2012 across Great Britain and has a unique ownership structure, being owned 50% by Trinity Hall, a Cambridge University college, and 50% by Cambridgeshire Local Government Pension Scheme. Cambridge & Counties Bank is registered under Company Registration No: 07972522. The bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority and can be found under the Financial Services Register No: 579415.Financial Services Register Services Cambridge & Counties Bank specialise in property finance for experienced property ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East West Bank
East West Bank (), the primary subsidiary of East West Bancorp, Inc., is the largest publicly traded bank headquartered in Southern California, United States. It was founded in 1973 in Los Angeles to serve the Chinese American community in Southern California. It is a premier bank focused exclusively on the United States and Greater China markets and operates over 120 locations in the U.S. and China, including in the markets of California, Georgia, Massachusetts, Nevada, New York, Texas and Washington. In China, East West Bank's presence includes full service branches in Hong Kong, Shanghai, Shantou and Shenzhen, and representative offices in Beijing, Chongqing, Guangzhou, and Xiamen. ''Forbes'' magazine has recognized East West Bank as one of “America’s Best Banks” since 2010. In 2018, ''Forbes'' ranked East West Bank number five of "America's 100 Biggest Banks." History In 1973, East West Federal Bank was founded by F. Chow Chan, Betty Tom Chu, Richard K. Quan, G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exchange-traded Fund
An exchange-traded fund (ETF) is a type of investment fund and exchange-traded product, i.e. they are traded on stock exchanges. ETFs are similar in many ways to mutual funds, except that ETFs are bought and sold from other owners throughout the day on stock exchanges whereas mutual funds are bought and sold from the issuer based on their price at day's end. An ETF holds assets such as stocks, bonds, currencies, futures contracts, and/or commodities such as gold bars, and generally operates with an arbitrage mechanism designed to keep it trading close to its net asset value, although deviations can occasionally occur. Most ETFs are index funds: that is, they hold the same securities in the same proportions as a certain stock market index or bond market index. The most popular ETFs in the U.S. replicate the S&P 500, the total market index, the NASDAQ-100 index, the price of gold, the "growth" stocks in the Russell 1000 Index, or the index of the largest technology companies. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pension Fund
A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold about USD$6 trillion in assets. In 2012, PricewaterhouseCoopers estimated that pension funds worldwide hold over $33.9 trillion in assets (and were expected to grow to more than $56 trillion by 2020), the largest for any category of institutional investor ahead of mutual funds, insurance companies, currency reserves, sovereign wealth funds, hedge funds, or private equity. The Federal Old-age and Survivors Insurance Trust Fund, which oversees $2.66 trillion in assets, is the world's largest public pension fund. Classifications Open vs. closed pension fund Open pension funds suppor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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