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US Banker

Sizing The Market

Sizing The Market As the financial services industry’s interest in underbanked consumers has grown, so has the need for more and better data to help understand this marketplace. Three recent studies provide a particularly useful perspective on the opportunities. BearingPoint and Visa recently issued a market sizing and segmentation study of what they call the […]

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US Banker

Noted and Noteworthy

Noted and Noteworthy Springfield, MO community banker Aaron Buerge-better known as “The Bachelor” on ABC television-is now again a bachelor but branching out from banking. The 28-year-old Buerge and three friends opened Trolley’s Downtown Bar and Grille in Springfield; Buerge and Helene Eksterowicz scrapped their three-month, 15 million-viewer-strong engagement. So bank heists are up 50 […]

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US Banker

Philippines Situates Itself as Alternative

Outsourcing: Philippines Situates Itself as Alternative Karen Krebsbach The Philippines is becoming a global hub for outsourcing for U.S. banks and credit card companies, and the nation isn’t shy about asking more firms to come on over. According to Eugene Reyes, trade representative at the Philippine Trade & Investment Center at the Philippines Consulate in […]

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US Banker

BANKS START PUSHING GIFT CARDS

BANKS START PUSHING GIFT CARDS Paul Sweeney Whether saluting an employee of the month with a “Spirit Award,” hailing a worker for perfect attendance, or just recognizing a diligent employee for a job well done, managers at Guarantee Trust Life Insurance Co. have concluded that nothing says “thank you” quite as well as a MasterCard […]

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US Banker

The Top 25 Banks of 2007

The Top 25 Banks of 2007 Performance Data as of 3Q Rank/ Total Stock Net Profit Institution Location ROE % Assets* Price Income* ROA % Margin 1 PNC Financial Services Pittsburgh, PA 66.44 $98,436,000 $69.25 $1,484,000 6.23 25.65 2 Taylor Capital Group Rosemont, IL 32.27 3,383,710 34.10 18,893 2.28 36.29 3 First Regional Bancorp Century […]

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US Banker

It’s Time for Market-Timing Rules

It’s Time for Market-Timing Rules Karen Krebsbach Administrators for bank-owned mutual funds are breathing a deep sigh of relief after the Securities and Exchange Commission recently adopted amendments to Rule 22c-2, the redemption-fee rule, under the Investment Company Act. It also agreed to extend the compliance date to October 16, 2007 from October 16, 2006. […]

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US Banker

On the Christmas Wish List: Gift-Card Sales Growth

On the Christmas Wish List: Gift-Card Sales Growth Lee Conrad Few doubt that gift cards are becoming a major factor in the payments arena, but how much of a factor banks will be remains to be seen. So far, banks’ share of the market has been a pittance: Estimates put the industry’s share at less […]

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US Banker

The Top 25 Banks of 2008

The Top 25 Banks of 2008 (based on ROE) Rank Peer Rank Institution Location Ticker Total Assets ROE(%) ROAA(%) Net Income Profit Margin 1 Year Price change(%) 1 Year Total Return Closing Price 1 Mackinac Financial Corp. Manistique, MI MFNC 401,213 33.11 2.61 9,974 13.83 -19.01 -19.01 9.03 2 1 Bank of Hawaii Corp. Honolulu, […]