Top 20 Bank Holding Companies in Insurance Brokerage Fee Income

August 3, 2009

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

Was this article valuable?

Here are more articles you may enjoy.

From This Issue

Insurance Journal Magazine August 3, 2009
August 3, 2009
Insurance Journal Magazine

Top 100 Property Casualty Independent Agencies; Homeowners & Condos; Top Performing P/C Insurers: 2Q