Top 20 Bank Holding Companies in Insurance Brokerage Fee Income

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Top 20 Bank Holding Companies in Insurance Brokerage Fee Income
(2008/Nationally)

Rank	2008 Insurance Brokerage Fee Income	Bank Holding Company Name	City, State
1	$1.60 billion	Wells Fargo & Co.	San Francisco, Calif.
2	$1.21 billion	Citigroup Inc.	New York, N.Y.
3	$847.27 million	BB&T Corp.	Winston-Salem, N.C.
4	$432.21 million	Bank of America Corp.	Charlotte, N.C.
5	$115.68 million	HSBC North America Holdings Inc.	Mettawa, Ill.
6	$113.19 million	Regions Financial Corp.	Birmingham, Ala.
7	$87.06 million	BancorpSouth Inc.	Tupelo, Miss.
8	$70.09 million	Huntington Bancshares Inc.	Columbus, Ohio
9	$68.00 million	JPMorgan Chase & Co.	New York, N.Y.
10	$57.08 million	BBVA USA Bancshares Inc.	Houston, Texas
11	$56.65 million	TD BankNorth Inc.	Portland, Maine
12	$51.03 million	Eastern Bank Corp.	Boston, Mass.
13	$47.00 million	Popular Inc.	San Juan, Puerto Rico
14	$43.70 million	Associated Banc-Corp.	Green Bay, Wis.
15	$42.83 million	Barclays Group US Inc.	Wilmington, Del.
16	$37.58 million	Old National Bancorp	Evansville, Ind.
17	$35.95 million	Bancwest Corp.	Honolulu, Hawaii
18	$33.13 million	Cullen/Frost Bankers Inc.	San Antonio, Texas
19	$32.44 million	Trustmark Corp.	Jackson, Miss.
20	$30.07 million	M&T Bank Corp.	Buffalo, N.Y.

Note about this report: With few exceptions, the Federal Reserve Board requires only what it defines as “large” bank holding companies (i.e., BHCs with consolidated assets in excess of $500 million) to file line item fee income like insurance brokerage. Ranking excludes MetLife Inc., which does not engage in significant banking activities.

Source: Michael White-Prudential Bank Insurance Fee Income Report – 2009

Topics Agencies Profit Loss

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