Banks http://www.banks.org Banks Mon, 29 Sep 2008 22:37:29 +0000 http://wordpress.org/?v=2.6.5 en Citigroup Buys Wachovia Banking Operations http://www.banks.org/citigroup-buys-wachovia-banking-operations/ http://www.banks.org/citigroup-buys-wachovia-banking-operations/#comments Mon, 29 Sep 2008 22:37:29 +0000 admin http://www.banks.org/?p=72 Citigroup agreed Monday to purchase Wachovia’s banking operations for $2.1 billion in a deal arranged by federal regulators, making the Charlotte-based bank the latest casualty of the widening global financial crisis.

The deal greatly expands Citigroup’s retail franchise—giving it a total of more than 4,300 U.S. branches and $600 billion in deposits—and secures its place among the U.S. banking industry’s Big Three, along with Bank of America Corp. and JPMorgan Chase & Co.

But it comes at a cost: Citigroup Inc. said it will slash its quarterly dividend in half to 16 cents. It also will dilute existing shareholders by selling $10 billion in common stock to shore up its capital position.

In addition to assuming $53 billion worth of debt, Citigroup will absorb up to $42 billion of losses from Wachovia’s $312 billion loan portfolio, with the Federal Deposit Insurance Corp. agreeing to cover any remaining losses. Citigroup also will issue $12 billion in preferred stock and warrants to the FDIC.

The remainder of Wachovia will include its asset management, retail brokerage and certain select parts of its wealth management businesses, including the Evergreen and Wachovia Securities franchises. It will continue to be a public company under the Wachovia name.

The agreement comes after a fevered weekend courtship in which Citigroup and Wells Fargo & Co. both were reportedly studying the books of Wachovia Corp., which was weighed down by losses linked to its ill-timed 2006 acquisition of mortgage lender Golden West Financial Corp.

Wachovia, like Washington Mutual Inc., which was seized by the federal government last week, was a big originator of option adjustable-rate mortgages, which offered very low introductory payments and let borrowers defer some interest payments until later years. Delinquencies and defaults on these types of mortgages have skyrocketed in recent months, causing big losses for the banks.

Wachovia shares, which had slumped as the global credit crisis intensified in recent months, had not traded by early Monday afternoon, even though electronic premarket trades showed them plunging 91 percent to 94 cents.

The FDIC asserted Monday that Wachovia did not fail, and that all depositors are protected and there will be no immediate cost to the Deposit Insurance Fund.

Federal Reserve Chairman Ben Bernanke, in a statement Monday, said he supports the “timely actions” taken by the FDIC “which demonstrate our government’s unwavering commitment to financial and economic stability.”

Treasury Secretary Henry Paulson said in a statement that the sale of Wachovia’s banking operations to Citigroup would “mitigate potential market disruptions.” Paulson said he agreed with the FDIC and the Fed that a “failure of Wachovia would have posed a systemic risk” to the nation’s financial system.

The deal is essentially a vote of confidence in Citigroup’s capital strength, said Sandler O’Neill & Partners analyst Jeff Harte in a note to investors. “We are skeptical that the FDIC would have brokered a deal to sell Wachovia’s assets and liabilities into weak hands,” he said.

With the acquisition of the bulk of Wachovia, Citigroup has reclaimed its title as the biggest U.S. bank by total assets—$2.91 trillion. In terms of how shareholders value each company’s stock, Bank of America Corp. remains the largest U.S. bank, followed by JPMorgan Chase in second and Citigroup in third place.

Wachovia’s takeover marks a dramatic shift in the outlook for Citigroup’s future. Just a short time ago, the bank’s investors worried about the possibility of its own collapse given its massive exposure to mortgage-backed securities. New York-based Citigroup has not turned a profit for three straight quarters, and lost a total of $17.4 billion during that period after writing down its assets by about $46 billion. That’s the largest reduction in asset values taken by any U.S. bank in the current credit crisis.

Citigroup said it expects to reduce expenses by more than $3 billion annually as it consolidates certain functions. But with few overlaps in their regional operations, Citi projects closing fewer than 5 percent of the banks’ combined branches.

During a conference call with investors, Citigroup CEO Vikram Pandit said he is working with Wachovia CEO Bob Steel in setting up a transition team. “We will make sure that we execute on this with a great deal of precision and a great deal of speed,” he said.

The government’s proposed $700 billion rescue plan for financial institution, being voted on Monday by the House of Representatives, likely will prove of added benefit to Citi.

While the plan broadly aims to prevent banks from profiting on the sale of troubled assets to the government, there is an exception made for assets acquired in a merger or buyout, or from companies that have filed for bankruptcy. This could allow Citigroup to sell toxic mortgages and other assets it gained from Wachovia for a higher price than the bank actually paid for them.

The Wachovia acquisition caps a wave of unprecedented upheaval in the financial sector in the past six months that has redefined the banking industry, starting with the government-led forced sale of Bear Stearns Cos. to JPMorgan in March.

The failure of IndyMac Bancorp in July reignited investors’ fears about the stability of the financial sector, which led to the eventual takeover of struggling mortgage lenders Fannie Mae and Freddie Mac. Earlier this month, officials seized both Fannie and Freddie, temporarily putting them in a government conservatorship, replacing their chief executives and taking a financial stake in the mortgage finance companies.

After U.S. regulators made it clear that they would not bail out struggling investment bank Lehman Brothers Holdings Inc., rival Merrill Lynch & Co. arranged a hasty deal to be bought by Bank of America Corp. for $50 billion in stock.

Lehman Brothers was subsequently forced to declare bankruptcy, the largest ever in the United States. Investor concerns quickly turned to American International Group Inc., the nation’s largest insurer. Staving off a failure that could have sent shock waves throughout the global markets, the federal government injected an $85 billion emergency loan into the insurer.

Just days later, the government seized Seattle-based Washington Mutual, marking the largest bank failure in U.S. history. WaMu’s deposits and assets were acquired by JPMorgan for just $1.9 billion.

These events have now culminated in extraordinary moves by the federal government to try to fix the financial crisis that began more than a year ago.

Wachovia’s problems stem largely from its acquisition of mortgage lender Golden West Financial Corp. in 2006 for roughly $25 billion at the height of the nation’s housing boom. With that purchase, Wachovia inherited a deteriorating $122 billion portfolio of Pick-A-Payment loans, Golden West’s specialty, which let borrowers skip some payments.

This summer, Wachovia reported a $9.11 billion loss for the second quarter, announced plans to cut 11,350 jobs—mostly in its mortgage business—and slashed its dividend. Wachovia also boosted its provision for loan losses to $5.57 billion during the second quarter, up from $179 million in the year-ago period.

]]> http://www.banks.org/citigroup-buys-wachovia-banking-operations/feed/ The Death of Investment Banks - MS and GS get full banking charters http://www.banks.org/the-death-of-investment-banks-ms-and-gs-get-full-banking-charters/ http://www.banks.org/the-death-of-investment-banks-ms-and-gs-get-full-banking-charters/#comments Mon, 22 Sep 2008 19:44:51 +0000 admin http://www.banks.org/?p=70 NEW YORK -(Dow Jones)- Moves by Morgan Stanley (MS) and Goldman Sachs Group Inc. (GS) to become bank holding companies will close the window on the era of independent investment banks but open the door for them to a new breed of acquisitions.

Morgan Stanley and Goldman Sachs were both granted bank holding company status Sunday by the Federal Reserve. The status is supposed to include a five-day antitrust waiting period, but Monday the Fed said the transaction might done immediately.

The two banks managed to remain standing despite the financial crisis hitting a peak last week. Stock prices of Morgan Stanley and Goldman Sachs plunged early last week, but rebounded Friday on talks a government plan to buy troubled mortgage assets from financial firms in a bid to halt the spreading crisis on Wall Street.

“The main advantage investment banks will gain is flexibility - both on the liability side and on the asset size,” said Roger Lister, the chief credit officer of the U.S. Financial Institutions Group at the rating agency DBRS Inc.

While it makes it easier for investment banks to use deposits, it also makes it easier to moves assets from one part of the company to another. Both investment banks’ “goal is to reduce stress and wholesale funding,” said Lister.

The Federal Reserve Board has already eased restriction for bankers to use deposits to fund capital markets operations. After the previous weekend’s hectic negotiations between bankers, regulators, and Lehman Brothers Holdings Inc. ( LEH) and Merrill Lynch & Co. (MER), the Fed announced on Sept. 14 that it would allow “all insured depository institutions to provide liquidity to their affiliates for assets typically funded in the tri-party repo market.”

That removed one of the main restrictions regarding the use of deposits, and it makes it more attractive to generate more deposits. Though the exception to the Federal Reserve Act is set to expire on Jan. 30, the Fed said.

For now, that makes retail deposits even more valuable, and is a big incentive for the investment banks to either merge with a bank, or buy a bank. In fact, at least one investment banker, who declined to speak on the record, said buying or merging with a bank is likely to be the main reason for the change to bank holding company status.

“It will be a lot easier to make an acquisition, which the two firms [Morgan Stanley and Goldman Sachs] are immediately equipped to do, without having to go through the regulatory machine,” said Campbell Harvey, professor of finance at Duke University’s Fuqua School of Business.

Bank boards have looked with suspicion at potential non-bank buyer, this investment banker said. Capital One Financial Corp. (COF) also became a bank holding company once it had decided more than five years ago that it would want to buy a bank to fund its consumer loans with deposits.

In that sense, the change to holding company status would smooth even the negotiations Morgan Stanley is rumored to hold Wachovia Corp. (WB). The Charlotte-based company might have a much easier time negotiating with a partner now on an equal playing field from a regulatory perspective, the investment banker said.

Monday, Japanese bank Mitsubishi UFJ Financial Group Inc. (MTU) announced a strategic partnership with Morgan Stanley, and it is buying between a 10% to 20% stake in the firm, with intentions to spend a maximum of $8.4 billion.

However, even despite the capital infusion from Mitsubishi, a merger with Wachovia might be Morgan Stanley’s ultimate goal, the investment banker said.

The remaining investment banks might also look for banks to buy. However, they might have to look for a sizable target to generate the returns shareholder would demand for expanding into a new line of business. Running a retail bank is different from managing capital markets operation, though the investment banks could conceivably buy retail bank with a stable management and keep it in place. “Eight percent of the value of a retail bank is in its deposits,” said the investment banker.

Still, Lister of DBRS remained more skeptical. “The difficulty will be how to make money” from retail banking. “How do you leverage the business?” he asked. Capital One’s rational was to add its marketing skills to the banks it bought, and use the branches and new customers for its credit card business, in addition to the new businesses and the deposits. It remains to be seen how investment banks would add their skills to advance the retail bank they might buy, Lister said.

Banks have turned to foreign investors the past few weeks as they looked to raise capital, but many market participants felt that it was becoming more and more difficult for banks to secure capital, especially from overseas investors. Lehman Brothers, which recently filed for bankruptcy and sold its broker-dealer unit to Barclays PLC (BCS), was in talks with Korea Development Bank for a capital infusion, but the deal fell through.

However, the Mitsubishi partnership with Morgan Stanley might be a sign that the market is bottoming out, said Harvey of Duke University, adding that foreign investors may start looking again to the U.S. market for investment opportunities.

However, challenges will arise from becoming a bank holding company, such as the costs to comply with bank holding company rules and regulations, which will be extensive.

For one, Morgan Stanley and Goldman Sachs will need to drastically reduce leverage, and bring down the ratio to bank holding company range, said Harvey.

Banks’ capital is tightly regulated - so on July 31, Wells Fargo & Co.’s (WFC) leverage was 12.7 times, and even JPMorgan Chase & Co.’s (JPM) leverage was 13.3 times, despite its large investment banking unit. Morgan Stanley and Goldman Sachs leverage ratio is 33, and 28, respectively.

The two firms will also be subject to heightened scrutiny. Generally, investment banks have tried to avoid direct regulation from the Fed, but bank holding companies are subject to fairly specific hands on regulations from the government. Goldman Sachs and Morgan Stanley have been under the Securities and Exchange Commission watch, but will now need to comply with bank regulatory type standards, said V. Gerald Comizio, senior partner in the banking and financial practice at Paul Hasting. A challenge for the Federal Reserve will be coming up with a user friendly transition period, he said

  (END) Dow Jones Newswires
  09-22-08 1446ET
  Copyright (c) 2008 Dow Jones & Company, Inc.

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]]> http://www.banks.org/the-death-of-investment-banks-ms-and-gs-get-full-banking-charters/feed/ Banks http://www.banks.org/banks/ http://www.banks.org/banks/#comments Mon, 04 Aug 2008 00:18:56 +0000 admin http://refinance.net/wpcheck-adsense/?p=1 Banks

Home Purchase Loan
Home Equity Line of Credit
Car Loans
Personal Loans
Credit Cards
Rewards Cards
Motorcycle Loans
Boat Loans
RV Loans

Bad Credit Mortgages
Bad Credit Refinance
Bad Credit Home Equity Loans
Bad Credit Personal Loans
Bad Credit Car Loans
Bad Credit Credit Cards
Debt Consolidation
Credit Counseling
Bankruptcy

Money Market Accounts
Certificate of Deposit
Gold Coins
Retirement Planning
Individual Retirement Account
401k Rollover
Inheritance Advance

]]> http://www.banks.org/banks/feed/ Bank Directory - Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming http://www.banks.org/bank-directory-utah-vermont-virginia-washington-west-virginia-wisconsin-and-wyoming/ http://www.banks.org/bank-directory-utah-vermont-virginia-washington-west-virginia-wisconsin-and-wyoming/#comments Mon, 04 Aug 2008 00:18:02 +0000 admin http://www.banks.org/?p=58 Utah

* America West Bank
* Bank of American Fork
* Bank of Utah
* Barnes Banking Company
* Centennial Bank
* Central Bank and Trust
* Far West Bank(Now a division of American West Bank, Spokane, WA)
* First Utah Bank
* Gunnison Valley Bank
* Heber Valley National Bank
* People’s Pioneer Mountain Bank of Utah
* State Bank of Southern Utah
* SunFirst Bank
* US Bank
* Village Bank, The
* Western Community Bank
* Zions Bank

Vermont

* Community National Bank
* Wells River Savings Bank

Virginia

* United National Bank
* First Community Bancshares
* Acacia Federal Savings Bank
* Access National Bank
* Alliance Bank
* Armed Forces Bank
* Bank of the James
* BB&T
* Burke & Herbert Bank & Trust
* The Business Bank
* Capital One Bank
* Cardinal Bank
* Century National Bank
* E*Trade Bank
* First Bank & Trust Company (Abingdon Va)
* First Market Bank
* Monarch Bank
* Old Point National Bank
* PNC Bank
* Prosperity Bank & Trust
* Provident Bank
* Sonabank
* State Farm Bank
* SuffolkFirst Bank
* SunTrust Bank
* Union Bank and Trust Company
* Virginia Heritage Bank
* Wachovia

Washington

* American West Bank
* Chinatrust, U.S.A.
* Comerica Bank
* Peoples Bank
* HomeStreet Bank
* Sterling Savings Bank
* Washington Federal Savings
* Washington Mutual
* Washington Trust Bank
* Pacific Continental Bank
* Numerica Credit Union
* Union Bank of California
* Columbia Bank
* U.S. Bank
* Key Bank
* Wells Fargo
* Banner Bank
* Skagit State Bank

West Virginia

* United National Bank
* First Community Bank
* First Exchange Bank
* BB&T
* Huntington Bank
* WesBanco
* My Bank-First United Bank & Trust
* Citizens Bank
* Clear Mountain Bank
* Centra Bank
* First Greene Service Corp (Mortgage Lender)
* State Farm Bank
* Fairmont Federal Credit Union
* WVU Employees Credit Union
* United Bank (of West Virginia)
* Mountain Valley Bank (part of various chained affiliates right within Randolph County)

Wisconsin

* Associated Bank
* Johnson Financial Group
* M&I Bank
* National Bank of Commerce
* US Bancorp

Wyoming

* First Interstate Bank

]]> http://www.banks.org/bank-directory-utah-vermont-virginia-washington-west-virginia-wisconsin-and-wyoming/feed/ Bank Directory - South Carolina, Tennessee and Texas http://www.banks.org/bank-directory-south-carolina-tennessee-and-texas/ http://www.banks.org/bank-directory-south-carolina-tennessee-and-texas/#comments Mon, 04 Aug 2008 00:17:57 +0000 admin http://www.banks.org/?p=57 South Carolina

* Bank of Jefferson
* Conway National Bank (headquartered in Conway with offices in Myrtle Beach)
* Crescent Bank
* First Citizens Bank and Trust Company
* South Carolina Bank and Trust Company
* South Carolina Federal Credit Union
* South Carolina State Credit Union
* Carolina First Bank
* First Community Bank
* Enterprise Bank of South Carolina

Tennessee

* Bank of Tennessee (Kingsport)
* BankEast
* BankTennessee (Collierville)
* BB&T
* CBBC (Marvyille, TN)
* Citizens National Bank of Athens
* Citizens National Bank of Sevier County
* Citizens Tri County Bank
* Clayton Bank & Trust
* Commercial Bank
* Community South Bank
* F&M Bank
* FSG Bank/First Security (Chattanooga)
* The Farmers Bank (Portland, TN)
* First Bank (Lexington, TN)
* Fitst Citizens National Bank
* First Farmers & Merchants Bank
* First Federal Bank (Dickson TN)
* First National Bank of Loudon County
* First South Bank
* First State Bank (Union City)
* First Tennessee Bank (Memphis)
* First Volunteer Bank
* GreenBank, Greene County Bank (Greeneville, TN)
* Home Federal Bank of Tennessee (Knoxville)
* MCB-Mountain Commerce Bank
* Mountain National Bank (East Tennessee)
* National Bank of Tennessee (Newport)
* Pinnacle Financial Partners (Nashville)
* Peoples Bank of East Tennessee
* Peoples State Bank of Commerce
* Pinnacle National Bank Nashville
* Regions Bank
* Renasant Bank
* SunTrust Bank
* Tennessee State Bank
* United Community Bank
* Wilson Bank & Trust

Texas

* American State Bank
* Bank of Texas
* Beal Bank
* Capital One Bank
* Chase Bank
* Citibank Texas, NA
* Community National Bank
* Extraco Bank
* Falcon International Bank
* First Convenience Bank
* First Financial Bank
* First National Bank of Texas
* 1st International Bank
* FirstBank Southwest
* Franklin Bank
* Frost National Bank
* Guaranty Federal Bank
* Heritage Bank
* Hibernia National Bank
* Huntington State Bank
* International Bank of Commerce
* JP Morgan Chase Bank
* Klein Bank
* Laredo National Bank
* MetroCorp Bancshares
* Moody National Bank
* NewFirst National Bank
* PlainsCapital Bank
* Prosperity Bank
* Southern National Bank of Texas
* Southwest Bank of Texas
* Southwestern National Bank
* Sterling Bank
* Texas Capital Bank
* Texas Community Bank
* Texas State Bank
* The National Banks Of Central Texas
* TIB-The Independent BankersBank
* USAA Federal Savings Bank
* Wachovia Bank
* Woodforest National Bank

]]> http://www.banks.org/bank-directory-south-carolina-tennessee-and-texas/feed/ Bank Directory - Ohio, Oklahoma, Oregon, Pennsylvania and Rhode Island http://www.banks.org/bank-directory-ohio-oklahoma-oregon-pennsylvania-and-rhode-island/ http://www.banks.org/bank-directory-ohio-oklahoma-oregon-pennsylvania-and-rhode-island/#comments Mon, 04 Aug 2008 00:17:51 +0000 admin http://www.banks.org/?p=55 Ohio

* AmTrust Bank, formerly Ohio Savings Bank
* Chase Bank
* Charter One Bank, an operating entity of Citizens Financial Group
* Commerce National Bank, Columbus-based business bank part of the First Merchants Corp. (Nasdaq: FRME) family of banks
* Dollar Bank (formerly known as Dollar Savings Bank), one of the largest independent mutual banks in the nation
* Fifth Third Bank
* First Federal Bank of the Midwest
* First Financial Bank
* FirstMerit Bank
* Key Bank
* Huntington National Bank, the largest regional bank currently headquartered in Columbus, Ohio
* Heartland Bank
* Park National Bank
* National City Bank
* Ohio Savings Bank, name changed to AmTrust Bank
* The State Bank and Trust Company, since 1902 serving clients in Northwest Ohio. Holding Company: Rurban Financial Corp.
* Superior Federal Credit Union, serves Allen, Auglaize, Paulding, Putnam, and Van Wert counties and is the #1 banking market in the Lima-Allen County area

Oklahoma

* BancFirst
* BOK Financial Corporation
* F & M Bank
* First Fidelity Bank
* Fort Sill Bank
* Midfirst Bank
* Southwest Banc Corp.

Oregon

* Bank of Eastern Oregon
* Bank of the West
* Community First Bank
* Northwest Community Credit Union of Oregon
* Pacific Continental Bank
* Premier West Bank
* Key Bank
* SELCO Community Credit Union
* Sterling Savings Bank
* Umpqua Bank
* Union Bank of California
* US Bank
* Washington Mutual
* Wells Fargo
* West Coast Bank

Pennsylvania

* Ameriserv Financial
* Bank of New York Mellon
* Beneficial Bank
* Brentwood Bank
* Centric Bank (formerly Vartan National Bank)
* Citizens Financial Group
* Community Banks Incorporated
* Community State Bank of Orbisonia
* Columbia County Farmers National Bank
* Dollar Bank (formerly known as Dollar Savings Bank), one of the largest independent mutual banks in the nation
* Elderton State Bank
* FNB Bank, N.A. (Part of Fulton Financial Corporation)
* Farmers National Bank of Kittanning
* First Columbia Bank and Trust
* First Federal of Bucks County
* First Keystone National Bank (formerly known as First National Bank of Berwick)
* First Savings Bank of Perkasie
* First Summit Bank
* Fox Chase Bank
* Fulton Bank (Part of Fulton Financial Corporation/Parent of FNB Bank, N.A.)
* Gateway Bank of Pennsylvania
* Harleysville National Bank
* Jersey Shore Bank
* Lafeyette Ambassador Bank
* Mars National Bank
* Merchants National Bank of Kittanning
* National City Bank
* National Penn Bank
* Nittany Bank
* Northwest Savings Bank
* Omega Bank
* PennBank
* Penn Liberty
* Pennsylvania Commerce Bancorp, Inc
* PNC Bank
* Provident Bank
* Quakertown National Bank
* Sky Financial Bank (soon to be part of western Pennsylvania after merge is complete between Huntington Bancshares, Inc.)
* Somerset Trust Company
* Sovereign Bank
* Sun National Bank
* Union National Community Bank
* Univest Bank
* Willow Financial Bank

Rhode Island

* BankNewport
* BankRI
* Centreville Savings Bank
* Citizens Bank
* Coastway
* FirstFed
* Washington Trust

]]> http://www.banks.org/bank-directory-ohio-oklahoma-oregon-pennsylvania-and-rhode-island/feed/ Bank Directory - Nevada, New Jersey, New Mexico, New York, North Carolina and North Dakota http://www.banks.org/bank-directory-nevada-new-jersey-new-mexico-new-york-north-carolina-and-north-dakota/ http://www.banks.org/bank-directory-nevada-new-jersey-new-mexico-new-york-north-carolina-and-north-dakota/#comments Mon, 04 Aug 2008 00:17:46 +0000 admin http://www.banks.org/?p=54 Nevada

* Bank of Nevada
* Bank of the West
* Community Bank of Nevada
* Credit One Bank
* Nevada Security Bank
* Nevada State Bank
* Silver State Bank
* Washington Mutual
* Wells Fargo

New Jersey

* 1st Bank of Sea Isle City
* Affinity Federal Credit Union
* Amboy National Bank
* Boiling Springs Savings Bank
* Cape Savings Bank
* Capital One Bank
* Chase Bank
* Chinatrust, U.S.A.
* Commerce Bank
* Cornerstone Bank
* Crest Savings Bank
* Crown Bank
* Fox Chase Bank
* Franklin Savings Bank
* First Financial Federal Credit Union (Ocean and Monmounth counties)
* Garden State Community Bank (division of New York Community Bank)
* Gloucester County Federal Savings Bank
* Greater Community Bank
* Hudson City Savings Bank
* Investors Savings Bank of New Jersey
* Lakeland Bank
* Llewellyn-Edison, F.S.B.
* North Jersey Federal Credit Union (Bergen and Passaic counties and the City of Newark)
* Ocean City Home Bank
* OceanFirst Bank
* Oritani Savings Bank
* Pinnacle Federal Credit Union
* PNC Bank
* The Provident Bank of Jersey City
* Sovereign Bank
* Sterling Bank
* Sturdy Savings Bank
* Roebling Bank
* Sun National Bank
* Town Center Bank
* Valley National Bank
* Wachovia Bank

New Mexico

* Bank of the West
* Bank of Albuquerque
* Century Bank
* Compass Bank
* First Community Bank
* First Federal Bank
* First National Bank
* Los Alamos National Bank
* Key Bank
* JPMorgan Chase
* Pioneer Bank
* State National Bank
* Valley National Bank
* US Bank
* Wells Fargo
* Wachovia

New York

* Abacus Federal Savings Bank
* Adirondack Trust Company
* Apple Bank for Savings
* Asia Bank N.A.
* Banco Popular
* Bank of Holland
* Bank of New York (all retail Branches sold to JPMorgan Chase, still holding corporate customer)
* The Bank of Tokyo-Mitsubishi UFJ
* Capital One Bank
* Carver Federal Savings Bank
* Cathay Bank
* CFS Bank (Division of New York Community Bank)
* Chase Manhattan Bank (Also known as JP Morgan Chase Bank and Chase Bank)
* Citibank N.A
* Citizens Bank
* Deutsche Bank
* Dime Savings Bank of Williamsburgh (has rights to logo of defunct Dime Bancorp)
* Doral Bank
* East Bank
* Emigrant Savings Bank
* First American International Bank
* First Niagara Bank
* First Republic Bank (acquired by Merrill Lynch)
* HSBC Bank USA
* Key Bank
* M&T Bank
* Mashreq Bank
* Metropolitan National Bank
* NBT Bank
* New York Community Bank
* Northfield Savings Bank
* PNC Bank
* Provident Bank
* Queens County Savings Bank (Division of New York Community Bank)
* Richmond County Savings Bank (Division of New York Community Bank)
* Roosevelt Savings Bank (Division of New York Community Bank}
* Roslyn Savings Bank(Division of New York Community Bank}
* Sound Federal Savings
* Sovereign Bank
* SunTrust Bank
* TD Bank
* Trustco Bank
* United Commercial Bank
* United International Bank
* United Orient Bank
* Valley National Bank
* Wachovia
* Washington Mutual
* Webster Bank
* Wells Fargo Bank

North Carolina

* Bank of America
* BB&T
* Fidelity Bank
* First Charter National Bank
* First Citizens BancShares
* NewBridge Bank
* RBC Centura
* Southern Community Bank and Trust
* Wachovia (Corporate)

North Dakota

* Alerus Financial
* Bank of North Dakota
* First International Bank and Trust
* First Western Bank and Trust
* Gate City Bank
* Starion Financial
* State Bank and Trust

]]> http://www.banks.org/bank-directory-nevada-new-jersey-new-mexico-new-york-north-carolina-and-north-dakota/feed/ Bank Directory - Massachusetts, Michigan, Minnesota, Missouri, Mississippi, Montana and Nebraska http://www.banks.org/bank-directory-massachusetts-michigan-minnesota-missouri-mississippi-montana-and-nebraska/ http://www.banks.org/bank-directory-massachusetts-michigan-minnesota-missouri-mississippi-montana-and-nebraska/#comments Mon, 04 Aug 2008 00:17:39 +0000 admin http://www.banks.org/?p=53 Massachusetts

* Beverly National Bank
* Beverly Co-Operative Bank
* Bristol County Savings Bank
* Butler Bank
* Citizens Bank
* Danversbank
* Digital Federal Credit Union
* Eastern Bank
* Needham Bank
* Rockland Trust
* Salem Five
* State Street Corporation

Michigan

* Citizens Bank
* Comerica Bank
* Flagstar Bank
* Independent Bank
* JP Morgan Chase Bank
* Monroe Bank and Trust
* Northwestern Bank
* University Bank

Minnesota

* TCF Bank
* US Bancorp
* Wells Fargo
* First Independent Bank

Missouri

* Bank of Missouri
* Commerce Bank (Kansas City, MO)
* First Banks
* Great Southern Bank

Mississippi

* BancorpSouth, Inc.
* Bank of Yazoo
* Britton & Koontz Capital
* Citizens Holding Company
* First Bancshares(MS)
* First M & F Corporation
* Hancock Holding Company
* NBC Capital Corporation
* Peoples Financial Corp.
* Renasant Corp.
* Sycamore Bank
* Trustmark Corporation

Montana

* First Interstate Bank
* Glacier Bank
* Valley Bank of Kalispell

Nebraska

* American National Bank
* AmFirst Bank
* Bank of Bennington
* Bank of the West
* Cornhusker Bank
* First National of Nebraska
* First Nebraska Bank
* First State Bank
* First Westroads Bank
* Florence Bank
* Hastings State Bank
* Home State Bank
* Nebraska State Bank
* McCook National Bank
* Pinnacle Bank
* Security First Bank
* TierOne Bank
* Union Bank & Trust Company
* US Bank
* Wells Fargo
* West Gate Bank

]]> http://www.banks.org/bank-directory-massachusetts-michigan-minnesota-missouri-mississippi-montana-and-nebraska/feed/ Bank Directory - Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine and Maryland http://www.banks.org/bank-directory-illinois-indiana-kansas-kentucky-louisiana-maine-and-maryland/ http://www.banks.org/bank-directory-illinois-indiana-kansas-kentucky-louisiana-maine-and-maryland/#comments Mon, 04 Aug 2008 00:13:41 +0000 admin http://www.banks.org/?p=51 Illinois

* First American Bank
* First Midwest Bank
* JP Morgan Chase Bank
* LaSalle Bank (a subsidiary of Bank of America)
* Harris Bank (a division of BMO Financial Group, a Canadian corporation)
* Northern Trust
* Pacific Global Bank
* TCF
* U S Bank

Indiana

* 1st Source
* Bedford Federal Savings Bank
* Bloomfield State Bank
* Centier
* Campbell and Fetter Bank
* First Indiana Bank
* Friendship State Bank
* Garrett State Bank
* Grabill Bank
* JP Morgan Chase Bank
* Lafayette Community Bank
* Lafayette Savings Bank
* Lake City Bank
* LaPorte Savings Bank
* Monroe Bank
* Mainsource Bank
* National Bank of Indianapolis
* National City Corp.
* Old National Bank
* Salin Bank & Trust
* Symphony Bank
* Tower Bank
* Teachers Credit Union

Kansas

* Alliance Bank
* Capital City Bank
* Capitol Federal Savings Bank
* Central National Bank
* Columbian Bank
* Community First National Bank
* CoreFirst Bank & Trust
* Corner Bank
* Emprise Bank
* The Exchange National Bank & Trust Co.
* Fidelity Bank
* Fidelity State Bank & Trust Co. of Topeka
* First National Bank & Trust Co.
* Heritage Bank
* Hillcrest Bank
* Intrust Bank
* Kaw Valley Bank
* Landmark National Bank
* Legacy Bank
* Morrill & Janes Bank
* National Bank of Kansas City’s Retail Division
* National Bank of Kansas City’s Mortgage Division
* Peoples State Bank of Cherryvale
* Relianz Bank
* Security Savings Bank
* Silver Lake Bank
* Southwest National Bank

Kentucky

* 1st Independence Financial Group
* Century Bank Direct
* Farmers National Bank
* First Corbin Financial Corporation
* Huntington Bank
* National City Bank
* PNC Bank
* The Bank of Kentucky
* The First National Bank of Northern Kentucky

Louisiana

* Omni Bank
* American Bank
* Bank of Louisiana
* Bank of New Orleans
* Capital One Bank
* First Bank and Trust
* JP Morgan Chase Bank
* Liberty Bank
* Whitney National Bank
* Gulf Coast Bank & Trust Company
* Metairie Bank And Trust Company
* Mississippi River Bank

Maine

* Maine Bank & Trust
* Merrill Bank
* Ocean Bank
* Bangor Savings Bank
* Bar Harbor Banking and Trust
* Kennebunk Savings Bank
* Norway Savings Bank
* TD Commerce
* Union Trust

Maryland

* BB&T
* Chevy Chase Bank
* Citizens National Bank
* M&T Bank
* PNC Bank
* Provident Bank
* Sandy Spring Bank
* State Employees Credit Union of Maryland
* Talbot Bank
* The Centreville National Bank of Maryland
* The Harbor Bank of Maryland
* 1st Mariner Bank

]]> http://www.banks.org/bank-directory-illinois-indiana-kansas-kentucky-louisiana-maine-and-maryland/feed/ Bank Directory - Delaware, District of Columbia, Florida, Georgia and Hawaii http://www.banks.org/bank-directory-delaware-district-of-columbia-florida-georgia-and-hawaii/ http://www.banks.org/bank-directory-delaware-district-of-columbia-florida-georgia-and-hawaii/#comments Mon, 04 Aug 2008 00:11:17 +0000 admin http://www.banks.org/?p=47 Delaware

* Artisans’ Bank
* Brandywine Bank & Trust
* County Bank
* Felton Bank
* First Bank of Delaware
* First National Bank of Wyoming
* ING Direct
* PNC
* TD Commerce
* Wilmington Trust
* WSFS Bank or Wilmington Savings Fund Society.

District of Columbia

* Abu Dhabi International Bank
* Bank of Georgetown
* Export Import Bank of India
* Industrial Bank of Washington
* M&T Bank
* PNC Bank
* World Bank

Florida

* BankAtlantic
* Commerce Bank, Miami
* Executive National Bank, Miami
* Premier American Bank
* SunTrust Banks
* U.S. Century Bank
* Wachovia Bank
* Wal-Mart Money Center by SunTrust (A wholly owned subsidiary of SunTrust Banks)

Georgia

* Appalachian Community Bank (headquartered in Ellijay)
* AFB&T (division of Synovus Financial with offices in Athens, Monroe, Lavonia, Hartwell, Watkinsville, Augusta)
* AFB&T-Augusta (Augusta division of AFB&T with main office in Athens)
* Ameris Bank (headquartered in Moultrie)
* Atlantic National Bank (headquartered in Brunswick)
* Bank of Athens (branch of GBT-Gainesville to be acquired by SunTrust Bank)
* Bank of North Georgia (headquartered in Alpharetta, division of Synovus Financial)
* Bank of Terrell (headquartered in Dawson-Division of Georgia Community Banks, Roberta, GA)
* BestBank(Part of Guaranty Bank-Headquartered in Norcross, Ga.)
* Charter Bank (headquartered in West Point)
* Columbus Bank and Trust Company (lead bank of Synovus Financial Corp. with headquarters in Columbus)
* Community Bank and Trust (headquartered in Cornelia)
* Community Bank of The South (headquartered in Smyrna)
* Community Bank of West Georgia (headquartered in Villa Rica)
* Crescent Bank and Trust (headquartered in Jasper)
* Farmers and Merchants Bank (headquartered in Washington, GA)
* First American Bank and Trust Company (headquartered in Athens)
* First-Citizens Bank and Trust Company (headquartered in Columbia, SC with branches in Toccoa, Lavonia, Hartwell, Carnesville, Thomson, and Warrenton)
* Fidelity Bank (headquartered in Atlanta)
* First National Bank (headquartered in Savannah)
* Flagstar Bank (regional headquarters in Dunwoody)
* Georgia Bank & Trust
* Global Commerce Bank
* Habersham Bank (headquartered in Cornelia)
* Heritage Bank (headquartered in Jonesboro)
* Heritage Bank of the South (headquartered in Albany)
* Integrity Bank (headquartered in Alpharetta)
* Merchants and Farmers Bank (headquartered in Comer)
* The National Bank of Georgia (headquartered in Athens)
* Net Bank (headquartered in Alpharetta)
* Northeast Georgia Bank (headquartered in Lavonia)
* Pinnacle Bank (headquartered in Elberton)
* RBC Centura Bank (headquartered in Raleigh, NC)
* Rivoli Bank and Trust (headquartered in Macon)
* Security Bank of Bibb County (headquartered in Macon)
* Security Bank of Houston County (headquartered in Macon)
* Security Bank of Jones County (headquartered in Macon)
* Security Bank of North Metro (headquartered in Macon)
* Security Bank of the South (headquartered in Smyrna)
* Security Exchange Bank (headquartered in Marietta)
* Southwest Georgia Bank (headquartered in Moultrie)
* SunTrust Bank (headquartered in Atlanta)
* The Peoples Bank (headquartered in Winder)
* The Savannah Bank (headquartered in Savannah)
* United Community Bank (headquartered in Blairsville)
* Wachovia Bank (headquartered in Charlotte, NC)
* Sea Island Bank (division of Synovus Financial with offices in Savannah and Statesboro)

Hawaii

* American Savings Bank
* Bank of Hawaii
* Central Pacific Bank
* First Hawaiian Bank
* Hawaii National Bank

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