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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