Top 20 Banks in Insurance Brokerage Fee Income

August 3, 2009

Top 20 Banks in Insurance Brokerage Fee Income
(2008/Nationally)

Rank 2008 Insurance Brokerage Fee Income Bank Name City, State Web site
1 $860.34 million Branch Banking and Trust Co. Winston Salem, N.C. www.bbt.com
2 $860.00 million Citibank, National Association Las Vegas, Nev. www.citibank.com
3 $271.30 million FIA Card Services, National Association Wilmington, Del. www.bankofamerica.com
4 $148.32 million Bank of America, National Association Charlotte, N.C. www.bankofamerica.com
5 $87.06 million BancorpSouth Bank Tupelo, Miss. www.bancorpsouth.com
6 $58.43 million TD Bank, National Association Wilmington, Del. www.tdbanknorth.com
7 $57.58 million Compass Bank Birmingham, Ala. www.compassbank.com
8 $51.03 million Eastern Bank Boston, Mass. www.easternbank.com
9 $42.21 million Associated Bank, National Association Green Bay, Wis. www.associatedbank.com
10 $33.13 million The Frost National Bank San Antonio, Texas www.frostbank.com
11 $32.82 million Bank of the West San Francisco, Calif. www.bankofthewest.com
12 $32.44 million Trustmark National Bank Jackson, Miss. www.trustmark.com
13 $32.37 million Barclays Bank Delaware Wilmington, Del. www.barclaycardus.com
14 $30.07 million Manufacturers and Traders Trust Co. Buffalo, N.Y. www.mtb.com
15 $28.99 million First Tennessee Bank, National Association Memphis, Tenn. www.firsttennessee.com
16 $22.82 million Discover Bank Greenwood, Del. www.discovercard.com
17 $22.38 million Chase Bank USA, National Association Newark, Del. www.chase.com
18 $21.75 million HSBC Bank USA, National Association McLean, Va. www.banking.us.hsbc.com
19 $19.98 million Bank of Hawaii Honolulu, Hawaii www.boh.com
20 $15.39 million National Penn Bank Boyertown, Pa. www.nationalpenn.com

Note about this report: These rankings include only commercial banks and FDIC-supervised savings banks that are required by the FDIC to report line item income like insurance brokerage. They do not include savings associations (SAs) regulated by the Office of Thrift Supervision (OTS), because SAs are not so required.

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

Topics Agencies Profit Loss

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