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PLUNKETT’S BANKING, MORTGAGES & CREDIT INDUSTRY ALMANAC 2009 The Only Comprehensive Guide to the Banking Industry
Jack W. Plunkett Published by: Plunkett Research, Ltd., Houston, Texas www.plunkettresearch.com
PLUNKETT’S BANKING, MORTGAGES & CREDIT INDUSTRY ALMANAC 2009 Editor and Publisher: Jack W. Plunkett
Executive Editor and Database Manager: Martha Burgher Plunkett Senior Editors and Researchers: Brandon Brison Addie K. FryeWeaver Christie Manck John Peterson Editors, Researchers and Assistants: Elizabeth Braddock Michelle Dotter Austin Hansell Brannon Larson Kathi Mestousis Lindsey Meyn Mandy Moench Holly Scarpinato Jana Sharooni Jill Steinberg Kyle Wark Suzanne Zarosky Information Technology Manager: Wenping Guo
E-Commerce Managers: Mark Cassells Heather M. Cook Emily Hurley Lynne Zarosky Cover Design: Kim Paxson, Just Graphics Junction, TX Special Thanks to: ATM & Debit News Investment Company Institute Mortgage Bankers Association of America National Association of Homebuilders National Association of Realtors National Credit Union Association SNL Financial U.S. Bureau of the Census U.S. Board of Governors of The Federal Reserve System U.S. Department of Labor, Bureau of Labor Statistics U.S. Federal Deposit Insurance Corporation (FDIC) U.S. Federal Housing Finance Board
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PLUNKETT’S BANKING, MORTGAGES & CREDIT INDUSTRY ALMANAC 2009 CONTENTS A Short Banking, Mortgages & Credit Industry Glossary Introduction How to Use This Book Chapter 1: Major Trends Affecting the Banking, Mortgages & Credit Industry 1) Introduction to the Banking, Mortgages & Credit Industry 2) Nationalization of Banks Worldwide 3) Giant Mergers Change the Face of Global Banking 4) U.S. Government Seizes Fannie Mae and Freddie Mac 5) Banks Adopt Sophisticated Technology and Retail Perks to Attract Customers 6) Banks Vie for Previously Underserved Markets and Focus on Hispanics 7) Japan’s Parliament Agrees to Privatize the Japan Post—One of the World’s Largest Financial Services Organizations 8) China’s Banking Market Loomed Large But May Slow in a Tight Economy 9) India’s Banking Restrictions Slow Foreign Investment 10) ATMs Evolve from Cash-Dispensing Machines into Financial Services Depots 11) Credit Default Swaps (CDS) Soar into the Trillions of Dollars 12) Banks See Growth in Online Services 13) Credit Card Debts Could be the Next Big Problem/Credit Card Competition is Fierce 14) Credit Card Technologies Advance with Better Security and Contactless Payment 15) Smart Phones May Replace Smart Cards/Mobile Banking Grows 16) Subprime and Alt-A Mortgages Burn Lenders and Overburdened Borrowers 17) Mortgage Originations Fall 18) Mortgage Market Facts Chapter 2: Banking, Mortgages & Credit Industry Statistics U.S. Banking, Credit and Mortgages Industry Overview I. Banking Top 50 U.S. Bank Holding Companies: June 30, 2008 World’s Top 20 Banks by Total Assets: 2007 Top Ten Bank & Thrift Merger & Acquisition Deals: 2007 Assets & Liabilities of FDIC-Insured Commercial Banks, Grouped by Asset Size: June 2008 Deposits, Income & Expenses of FDIC-Insured Commercial Banks: June, 2004-2008 Top Ten Federally-Chartered & State-Chartered Banks by Assets: 2007 Assets & Liabilities of Foreign Banking Offices in the U.S.: 2002-2nd Quarter 2008 Savings & Investment, U.S.: 1960-2nd Quarter 2008 Prime Interest Rate, U.S.: 1955-October 2008 Bond Yields & Interest Rates, U.S., Selected Years: 1940-2007 Employment in the Banking Industry, U.S.: 2002-2008 II. Mortgages Homeownership Rates by Region, U.S.: 2000-2007 Homeownership Rates by Race & Ethnicity of Householder, U.S.: 2001-2007 New Privately-Owned Housing Units Started, U.S.: 1980-2007 Mortgage Loans Outstanding, U.S.: 1975-2nd Quarter 2008 Continued on next page
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Home Mortgages by Holder, U.S.: 2002-2nd Quarter 2008 Liabilities & Assets, U.S. Agency- & Government Sponsored Enterprise (GSE)-Backed Securities by Holder: 2003-2nd Quarter 2008 Top Ten U.S. Mortgage Finance Companies by Managed Receivables: 2007 III. Credit Consumer Credit Outstanding, U.S.: 1965-August 2008 Consumer Credit Outstanding by Major Holders, U.S.: 2003- August 2008 Terms of Credit at Commercial Banks, U.S.: 2003-August 2008 Top 10 Credit Card Issuers, U.S.: 2006-2007 Chapter 3: Important Banking, Mortgages & Credit Industry Contacts (Addresses, Phone Numbers and Internet Sites) Chapter 4: THE BANKING & LENDING 300: Who They Are and How They Were Chosen Industry List, With Codes Index of Rankings Within Industry Groups Alphabetical Index Index of Headquarters Location by U.S. State Index of Non-U.S. Headquarters Location by Country Index by Regions of the U.S. Where the Firms Have Locations Index by Firms with Operations Outside the U.S. Individual Data Profiles on Each of THE BANKING & LENDING 300 Additional Indexes Index of Hot Spots for Advancement for Women/Minorities Index by Subsidiaries, Brand Names and Selected Affiliations
50 51 52 53 54 55 56 57 58 77 78 80 87 90 93 94 102 104 400 402
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A Short Banking, Mortgages & Credit Industry Glossary
and nonprofit organizations to defer taxes on a portion of their salaries by earmarking that portion for the retirement plan. See “401(k) Plan” for details.
10-K: An annual report filed by publicly held companies. It provides a comprehensive overview of the company's business and its finances. By law, it must contain specific information and follow a given form, the “Annual Report on Form 10-K.” The U.S. Securities and Exchange Commission requires that it be filed within 90 days after fiscal year end. However, these reports are often filed late due to extenuating circumstances. Variations of a 10-K are often filed to indicate amendments and changes. Most publicly held companies also publish an “annual report” that is not on Form 10-K. These annual reports are more informal and are frequently used by a company to enhance its image with customers, investors and industry peers.
Acceleration Clause: A clause in a contract of debt, such as a mortgage, which causes the entire amount to become due upon the borrower's default.
12b-1 Fees: The percentage of a mutual fund’s assets used in the defraying of marketing and distribution costs. The fee amount is stated in the fund’s prospectus. Recently the SEC proposed that 12b1 fees over 0.25% be classed as a load. A true “no load” fund does not have a 12b-1 fee. 401(k) Plan: An employer-sponsored retirement plan that enables employees to defer taxes on a portion of their salaries by earmarking that portion for the retirement plan. In a typical plan, employees may deposit up to 15% of a year's salary. The employer then matches a portion of the employee's deposit. A common employer match equals one-half of an employee's deposits of up to 6% of salary. In other words, if an employee deposits 6% of a $30,000 salary ($1,800), the employer would match one-half of that $1,800 deposit ($900). The employee would then have $1,800 + $900 in the savings plan = $2,700. The account will grow on a tax-deferred basis until the employee begins drawing money at retirement. It is important to note that the provisions of these plans vary widely from one employer to the next. Some employers make no matching deposit. Some generous firms match 100% of qualified employee deposits. Not surprisingly, members of Congress have voted themselves one of the most generous savings plans in the nation, where the government matches 200% of their qualified deposits. 403(b) Plan: An employer-sponsored retirement plan that enables employees of universities, public schools
AD&D Insurance: Accidental death and dismemberment insurance. Adjustable-Rate Mortgage (ARM): A mortgage that changes interest rates periodically to match a specific index. Adviser: An organization employed by a mutual fund to give advice on the fund’s investments (also called the “investment adviser”). Alpha: A measure of the selection risk, or residual risk, of a mutual fund relative to the market. A positive alpha represents the extra return an investor receives for taking a risk rather than accepting the market return. In other words, it is the percentage by which a fund outperforms the market-based return estimate. Alt-A (Alternative Documentation Mortgage): An alternative method of documenting a loan file, often referred to as “alt doc” or “Alt-A,” that relies on unsubstantiated information provided by the borrower regarding personal income and assets, rather than positive proof such as income tax returns, W2 forms from employers, bank statements and investment account statements. American Depositary Receipts (ADRs): Certificates issued by a U.S. Depositary Bank to represent foreign shares held by a branch of the bank or a correspondent in the country. An ADR can stand for one share, part of a share or a bundle of shares of a foreign corporation. The same currency and political and economic risks of the underlying foreign share are associated with the ADR. Prices are kept essentially identical through arbitrage. Amortization: The process of fully paying off indebtedness by installments of principal and earned interest over a definite time. Amortization Schedule: A printed table showing the principal and interest payments and due dates of the payments owed on a mortgage or loan.
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Amortization through Equal Monthly Payments: A repayment method in which the amount borrowed is repaid gradually through regular monthly payments of principal and interest. During the first few years, most of each payment is applied toward the interest owed. During the final years of the loan, payment amounts are applied almost exclusively to the remaining principal.
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ASEAN: Association of Southeast Asian Nations. A regional economic development association established in 1967 by five original member countries: Indonesia, Malaysia, Philippines, Singapore, and Thailand. Brunei joined on 8 January 1984, Vietnam on 28 July 1995, Laos and Myanmar on 23 July 1997, and Cambodia on 30 April 1999. Asset Turnover: Net sales divided by total assets.
Annual Percentage Rate (APR): The cost of credit on a yearly basis expressed as a percentage. Annual Report: See “10-K (10K).”
Asset-backed Securities: Securities backed by notes or pools of assets like auto loans, student loans, credit cards, royalties, insurance and receivables.
Annuitant: An investor in an annuity who is entitled to periodic payments for life or for a specific number of years based on the balance in that annuity.
Assumable Mortgage (Assumable Loan): An existing mortgage that can be assumed by a future purchaser of a piece of real estate.
Annuity: A contract between an insurance company and an individual in which the company agrees to pay either fixed or variable income for a specified period of time. The payment from the company may be a one-time lump sum, or may consist of monthly payments for the life of the individual. The total amount of the payments will be based on the amount deposited in the annuity by the individual, plus the earnings on those deposits over the life of the contract. The investor may make deposits on a regular basis, such as monthly, or may make a large lump sum deposit when establishing the account. The account's earnings are income tax-deferred until the investor begins withdrawing money.
Auction Rate Security (Auction-Rate Security): An auction rate security is a debt instrument often issued by government agencies (such as port authorities or water districts), cities and hospital districts. Instead of carrying a fixed interest rate, the rate on the debt is reset on a continuing basis by auctioning off the debt to new owners every seven to 35 days.
Antitrust Legislation: A set of laws that foster a competitive environment preventing unreasonable restraint of trade or unfair trade practices such as price-fixing. In the United States, antitrust laws originated with the Sherman Antitrust Act of 1890. APAC: Asia Pacific Advisory Committee. A multicountry committee representing the Asia and Pacific region. Arbitrage: An attempt to profit from differences in the price of one security that is traded on multiple markets or in different forms. For example, index arbitrage is based on temporary discrepancies between the prices of stocks comprising an index, such as the Standard & Poor's 500 index, and the price of a futures contract on that index. By buying either the underlying stocks or the futures contract and selling the other, may be able to profit on the difference between the two.
Automated Clearinghouse (ACH): Electronic clearing and settlement system for exchanging electronic transactions among participating depository institutions; such electronic transactions are substitutes for paper checks and are typically used to make recurring payments such as payroll or loan payments. The Federal Reserve Banks operate an automated clearinghouse, as do some private-sector firms. Automated Teller Machines (ATM): Computercontrolled terminals located on the premises of financial institutions or elsewhere, through which customers may make deposits, withdrawals, or other transactions as they would through a bank teller. Other terms sometimes used to describe such terminals are customer-bank communications terminal (CBC) and remote service unit (RSU). Groups of banks sometimes share ATM networks located throughout a region of the country that may include portions of several states. Baby Boomer: Generally refers to people born in the U.S. and Western Europe from 1946 to 1964. In the U.S., the total number of Baby Boomers is about 78 million--one of the largest and most affluent
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demographic groups. The term evolved to include the children of soldiers and war industry workers who were involved in World War II. When those veterans and workers returned to civilian life they started or added to families in large numbers. As a result, the baby boom generation is one of the largest demographic segments in the U.S. Some baby boomers have already started reaching early retirement age. By 2011, millions will begin turning traditional retirement age (65), resulting in extremely rapid growth in the senior portion of the population. Back-End Load: A sales charge applied when the investor exits a mutual fund. Back-End Ratio: See “Debt-to-Income Ratio (Mortgages).” Back-Office: Generally considered to include such areas as accounting, human resources, call centers, financial transaction processing. A back-office application is a software program designed to handle back-office tasks. Also, see “Business Process Outsourcing (BPO).” Balance of Payments: An accounting statement of the money value of international transactions between one nation and the rest of the world over a specific time period. The statement shows the sum of transactions of individuals, businesses, and government agencies located in one nation, against those of all other nations. Balance of Trade: That part of a nation's balance of payments dealing with imports and exports, that is trade in goods and services, over a given period. If exports of goods exceed imports, the trade balance is said to be 'favorable'; if imports exceed exports, the trade balance if said to be 'unfavorable.' Balloon Loan: A loan in which a large payment for the remaining balance is due at the end of the loan. Balloon Payment: The final principal payment due at the end of a balloon mortgage. Typically, lower monthly payments are provided for under a balloon mortgage, with a substantial final payment due later. Bank for International Settlements (BIS): Located in Basle, Switzerland, it was established in 1930 to administer the post-World War I reparations agreements. Since the 1960s, the BIS has evolved into an important international monetary institution,
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and has provided a forum in which central bankers meet and consult on a monthly basis. As an independent financial organization, the BIS performs a variety of banking, trustee, and agent functions, primarily with central banks. Bank Holding Company (BHC): A company that owns, or has controlling interest in, one or more banks. A company that owns more than one bank is known as a multibank holding company. A bank holding company may also own another bank holding company, which in turn owns or controls a bank; the company at the top of the ownership chain is called the top holder. The Board of Governors is responsible for regulating and supervising bank holding companies, even if the bank owned by the holding company is under the primary supervision of a different federal agency (the Comptroller of the Currency or the Federal Deposit Insurance Corporation). Bank Note: A term used synonymously with paper money or currency issued by a bank. Notes are, in effect, a promise to pay the bearer on demand the amount stated on the face of the note. Today, only the Federal Reserve Banks are authorized to issue bank notes, i.e. Federal Reserve notes, in the United States. Bank Regulation: The formulation and issuance by authorized agencies of specific rules or regulations, under governing law, for the conduct and structure of banking. Bankers Acceptance: Negotiable time drafts, or bills of exchange, that have been accepted by a bank that, by accepting, assumes the obligation to pay the holder of the draft the face amount of the instrument on the maturity date specified. They are used primarily to finance the export, import, shipment, or storage of goods. Bankwire: An electronic communications network owned by an association of banks and used to transfer messages between subscribing banks. Bankwire also offers a clearing service called Cashwire that includes a settlement facility. Barriers to Outsourcing: Forms of resistance to outsourcing, which may include loss of control, quality issues, flexibility and customer and labor backlash. Basis Point: One 100th of 1%.
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Below-Market Interest Rate (BMIR): An interest rate that is lower than rates generally charged on similar loans in the marketplace. In real estate, this is typically a subsidized interest rate provided by the Federal Government for low-income housing. Beta: A measure of the risk of a stock relative to the market. A beta between 0 and 1 represents a likely price change of that percentage above or below the market change. For example, a beta of .6 means the stock price is likely to move up or down 60% of the market change. Biennial Payments: Loan payments that are due every other year. Big Four: The top four accounting firms in the world, which account for about 99% of the audits at U.S. publicly held companies. These firms are Deloitte & Touche, PricewaterhouseCoopers, Ernst & Young and KPMG. Blanket Mortgage: A mortgage covering at least two pieces of real estate as security for the same mortgage. Blue Sky Laws: A body of state laws governing registration and distribution of securities. All 50 states and the District of Columbia regulate mutual funds.
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BPM (Business Process Management): Refers to tools and processes that automate, monitor and accelerate business functions (processes). BPM software, for example, can be used to seamlessly connect key employees to key software applications in an automated fashion. BPM may automate such routine support functions as human resources tasks, accounting tasks and back-office tasks. Branding: A marketing strategy that places a focus on the brand name of a product, service or firm in order to increase the brand's market share, increase sales, establish credibility, improve satisfaction, raise the profile of the firm and increase profits. BRIC: An acronym representing Brazil, Russia, India and China. The economies of these four countries are seen as some of the fastest growing in the world. A 2003 report by investment bank Goldman Sachs is often credited for popularizing the term; the report suggested that by 2050, BRIC economies will likely outshine those countries which are currently the richest in the world. Broker/Dealer (Broker-Dealer): A firm that is licensed to buy and sell mutual fund shares and other securities with the public. B-to-B, or B2B: See “Business-to-Business.” B-to-C, or B2C: See “Business-to-Consumer.”
Board of Governors: Central governmental agency of the Federal Reserve System located in Washington, D.C., and composed of seven members who are appointed by the President and confirmed by the Senate. The Board is responsible for domestic and international economic analysis with other components of the System; for the conduct of monetary policy; for supervision and regulation of certain banking organizations; for operation of much of the nation's payments system; and for administration of most of the nation's laws that protect consumers in credit transactions. Bond: A debt instrument of a government unit or a corporation, on which it promises to pay a fixed (or occasionally variable) rate of interest for a specified length of time and to repay the debt on a specified date. (Most bonds may also be “called,” i.e., paid off prior to the specified date.) Bond Fund: A mutual fund that invests primarily in bonds and other fixed-income securities.
B-to-E, or B2E: See “Business-to-Employee.” B-to-G, or B2G: See “Business-to-Government.” Bull Market: A market on a consistent rising trend. Bundesbank: Established in 1875, the central bank of West Germany, located in Frankfurt. Business Interruption Insurance: Coverage that reimburses a business owner for lost profits and continuing fixed expenses during a period when the business must stay closed as a result of a named peril. For example, an apartment owner may be reimbursed for lost rents as a result of a building fire. This insurance also reimburses covered businesses forced to stay closed after such catastrophes as the April 29, 1992 Los Angeles riot and the September 11, 2001 terrorist attacks.
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Business Process Outsourcing (BPO): The process of hiring another company to handle business activities. BPO is one of the fastest-growing segments in the offshoring sector. Services include human resources management, billing and purchasing and call centers, as well as many types of customer service or marketing activities, depending on the industry involved. Also, see “Knowledge Process Outsourcing (KPO).” Business-to-Business: An organization focused on selling products, services or data to commercial customers rather than individual consumers. Also known as B2B. Business-to-Consumer: An organization focused on selling products, services or data to individual consumers rather than commercial customers. Also known as B2C. Business-to-Employee: A corporate communications system, such as an intranet, aimed at conveying information from a company to its employees. Also known as B2E. Business-to-Government: An organization focused on selling products, services or data to government units rather than commercial businesses or consumers. Also known as B2G. Buy-down (Buydown): With a “temporary” buydown, a lender or homebuilder subsidizes a mortgage by lowering the interest rate during the first few years of the loan. While the payments are initially low, they increase when the subsidy expires. A “permanent” buydown, however, reduces the interest rate over the entire life of the loan. CAFTA-DR: See “Central American-Dominican Republic Free Trade Agreement (CAFTA-DR).” Call Option: 1) A contract giving the holder of an option the right to purchase (and obligating the writer of the option to sell) a specified number of shares of a stock at the given strike price. 2) The right of a lender to demand the outstanding balance of a loan at a given time.
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Capital Gain: The difference between the net sales price and net cost of securities or other investment assets when sold for a profit. Capital Gain Distribution: A payment to shareholders of profits realized from the disposition of a mutual fund’s investment portfolio securities. Capital Loss: The difference between the net sales price and net cost of securities or other investment assets when sold at a loss. Capital Note: A capital note is a debt instrument issued by a corporation for a short to medium term. It generally carries a fixed interest rate, and may be convertible into shares of stock upon maturity. Captive Agent Company: Represents only one insurance company. Also called an exclusive agency. Captive Offshoring: Used to describe a companyowned offshore operation. For example, Microsoft owns and operates significant captive offshore research and development centers in China and elsewhere that are offshore from Microsoft's U.S. home base. Also see “Offshoring.” Cash Dividend: A dividend, based on profitability, paid in cash to the shareholders of a company. The distribution can also include capital gains and return of capital and is taxable as income. Cash Method of Accounting: A system, used especially in computing income tax, in which income is not credited until it is actually or constructively received and expenses are not charged until they have been paid; to be distinguished from the accrual method, in which income is credited when the legal right to the income occurs and expenses are charged when the legal liability becomes enforceable. CDO (Collateralized Debt Obligation): A method of taking a pool of debts, such as mortgages, and selling pieces of that pool to multiple investors. CDOs can also be created for pools of bonds, loans, leases and other types of financial assets. CDS: See “Credit Default Swap (CDS).”
Capex: Capital expenditures. Capital Expenditures: Expenditures to acquire or add to capital assets that will yield benefits over several years.
Central Bank: The principal monetary authority of a nation, a central bank performs several key functions, including issuing currency and regulating the supply
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of credit in the economy. The Federal Reserve is the central bank of the United States. Central Bank Intervention: The buying or selling of currency, foreign or domestic, by central banks, in order to influence market conditions or exchange rate movements. Certificate of Deposit (CD): A form of time deposit at a bank or savings institution which cannot be withdrawn before a specified maturity date without being subject to an interest penalty for early withdrawal. Small-denomination CDs are often purchased by individuals. Large CDs of $100,000 or more are often in negotiable form, meaning they can be sold or transferred among holders before maturity. Certificate of Eligibility: The document given to qualified veterans that entitles them to obtain VAguaranteed loans for homes, businesses and mobile homes. Certificates of eligibility may be obtained by sending Form DD-214 (Separation Paper) to the local VA office with VA form 1880 (request for Certificate of Eligibility). CFA (Chartered Financial Analyst): A certification managed by the Institute of Chartered Financial Analysts, a branch of the Association for Investment Management and Research. Individuals with this designation have passed stringent tests covering investments, accounting economics and money management. CFP (Certified Financial Planner): A certification managed by the International Board of Standards and Practices for Certified Financial Planners. Individuals with this designation have passed a stringent series of exams covering such topics as taxation, estate planning, insurance and investments. Check Clearing: The movement of checks from the banks or other depository institutions where they are deposited back to those on which they are written, and funds movement in the opposite direction. This process results in credits to accounts at the institutions of deposit and corresponding debits to accounts at the paying institutions. The Federal Reserve participates in check clearing through its nationwide facilities, though many checks are cleared by private sector arrangement. CIS: See “Commonwealth of Independent States (CIS).”
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Clearing House: An association of banks that permits the clearing of checks drawn on member banks. Clearinghouse Interbank Payment System (CHIPS): An automated clearing system used primarily for international payments. This system is owned and operated by the New York Clearinghouse banks and engages Fedwire for settlement. CLO: Collateralized loan obligations. Closed-End Investment Company: An entity that issues a limited number of shares that trade on a stock exchange or in the over-the-counter markets. It is the opposite of a mutual fund, which is also known as an open-end investment company. The value of a closed-end fund’s shares is determined by market supply and demand. Closing: The meeting between the buyer, seller and lender or their agents where the property or asset and funds legally change hands. Also called “settlement.” CMO (Collateralized Mortgage Obligation): A bond that is a debt instrument backed by a pool of underlying mortgages that pass through payments received to the holder of the CMO. A CMO is a popular way to trade large amounts of mortgages at once. The underlying pool may represent thousands of individual mortgages. Collateral: Property that is offered to secure a loan or other credit and that becomes subject to seizure on default. (Also called security.) Commercial Bank: Bank that offers a broad range of deposit accounts, including checking, savings, and time deposits, and extends loans to individuals and businesses. Commercial banks can be contrasted with investment banking firms, such as brokerage firms, which generally are involved in arranging for the sale of corporate or municipal securities. Commercial Multiperil Insurance: A package policy that may include property, boiler and machinery, crime and general liability coverages. Commercial Paper: A short-term note issued on the credit of a major bank or corporation. Commitment: 1) A promise by a lender to make a loan on specific terms or conditions to a borrower. 2)
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A promise by an investor to purchase mortgages from a lender with specific terms or conditions. 3) An agreement, often in writing, between a lender and a borrower to loan money at a future date subject to the completion of paperwork or compliance with stated conditions. Commodity Prices: An index of commodities (such as oil and steel) traded in worldwide markets. Common Stocks: The basic unit of stock in most corporations. Common stockholders are generally paid last (after holders of debt and preferred stocks) in the event of a bankruptcy or dissolution of a company. Common stockholders typically get one vote per share of stock. However, there may be more than one class of common stock (for example, Class A and Class B), and various classes of stock may have unique privileges, such as multiple votes per share. Commonwealth of Independent States (CIS): An organization consisting of 11 former members of the Soviet Union: Russia, Ukraine, Armenia, Moldova, Georgia, Belarus, Kazakhstan, Uzbekistan, Azerbaijan, Kyrgyzstan and Tajikistan. It was created in 1991. Turkmenistan recently left the Commonwealth as a permanent member, but remained as an associate member. The Commonwealth seeks to coordinate a variety of economic and social policies, including taxation, pricing, customs and economic regulation, as well as to promote the free movement of capital, goods, services and labor. Community Reinvestment Act (CRA): Enacted by Congress in 1977, the CRA encourages banks to help meet the credit needs of their communities for housing and other purposes, particularly in neighborhoods with low or moderate incomes, while maintaining safe and sound operations. Comprehensive General Liability (CGL) Insurance: Insurance that covers all liability risks of a business, except for those specifically excluded. Among the exposures covered are liability for products, completed operations, premises and operations, elevators and independent contractors. Among the exposures excluded from CGL coverage is liability for pollution damage. Comptroller of the Currency: See “Office of the Comptroller of the Currency (OCC).”
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Conforming Loan: See “Non-Conforming Loan.” Construction Loan: A short-term interim loan to pay for the construction a building or home. Such loans are usually designed to provide periodic disbursements to the builder as progress with construction is made. Construction/Permanent Loan: A mortgage loan combining short-term financing of construction with long-term financing of the completed property. Consumer Advisory Council (CAC): A statutory body established by Congress in 1976. The Council, with 30 members who represent a broad range of consumer and creditor interests, advises the Federal Reserve Board on the exercise of its responsibilities under the Consumer Credit Protection Act and on other matters on which the Federal Reserve Board seeks its advice. Consumer Price Index (CPI): A measure of the average change in consumer prices over time in a fixed market basket of goods and services, such as food, clothing and housing. The CPI is calculated by the U.S. Federal Government and is considered to be one measure of inflation. Consumerism: The activities of government, business and independent organizations designed to protect individuals from practices that infringe upon their rights as consumers. Contactless Payment: The use of “smart” credit cards or advanced cell phones to make payments. Chips, which may be RFID or may be chips designed especially for payment purposes, wirelessly transfer credit or debit account information to cash registers, ticket stands or vending machines. ExxonMobil's popular SpeedPass system, used at gasoline pumps, is an example based on RFID. Contractionary Fiscal Policy: A policy to increase governmental spending and/or a reduction in taxes. See also fiscal policy. Contractionary Monetary Policy: A policy to restrict the growth of money and credit in the economy. See “Monetary Policy.” Conventional Mortgage: A loan other than a government-financed loan (e.g., a loan that is not a VA mortgage).
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Convertible Bonds: Bonds that may, usually at the investor's option, be converted into common stock at a pre-determined price. Preferred stocks may also be convertible.
Credit Risk: The risk assumed by the lender that the borrower may default on a loan or mortgage. The apparent credit risk is considered when setting an interest rate to be charged.
Correspondent Bank: A bank that accepts deposits of and performs banking services for other depository institutions.
Credit Scoring System: A statistical system used to determine whether or not to grant credit by assigning numerical scores to various characteristics related to creditworthiness.
Cosigner: A term referring to a person, other than the principle borrower, who signs for a loan. The cosigner(s) assumes equal liability for the loan. Covered Call: A short call option position that gives the writer ownership of the number of underlying stock shares represented by the option contracts. In general, covered calls limit the writer’s risk, as it is not necessary for the stock to be bought at the market price if the holder of the option chooses to exercise it. Covered Put: A put option position in which the writer has deposited cash or equivalents equal to the exercise of the option in a cash account. Covered puts limit the writer's risk because money or stock is already set aside. If the holder of the put option does elect to exercise the option, the writer's risk is more limited than on an uncovered or naked put option. Credit: The promise to pay in the future in order to buy or borrow in the present. The right to defer payment of debt. Credit Default Swap (CDS): An agreement whereby the seller of the credit default swap, or CDS, agrees to make a payment to the buyer in the event of a specified event. The buyer of the swap may purchase it with one upfront payment or with a series of payments over time. The swap acts as a sort of insurance against the default of a debt instrument, often a junk bond. The seller is guaranteeing that the debt will not be defaulted upon. In return, the seller receives a fee rather like an insurance premium. This reduces risk on the part of the debt holder, who is the buyer of the swap. Hedge funds are common sellers of these swaps. Credit Derivative: See “Credit Default Swap (Credit Swap).” Credit History: A record of how a person has borrowed and repaid debt.
Credit Union: A cooperative organization of individuals who have a common bond, such as a place of employment, residence, or membership in a labor union. Credit unions accept deposits from members, pay interest (in the form of dividends) on the deposits out of earnings, and use their funds mainly to provide consumer installment loans to members. Creditworthiness: A creditor's measure of a consumer's past and future ability and willingness to repay debts. CRM (Customer Relationship Management): Refers to the automation, via sophisticated software, of business processes involving existing and prospective customers. CRM may cover aspects such as sales (contact management and contact history), marketing (campaign management and telemarketing) and customer service (call center history and field service history). Well known providers of CRM software include Salesforce, which delivers via a Software as a Service model (see “SaaS (Software as a Service)”), Microsoft and Siebel, which as been acquired by Oracle. Currency Appreciation: An increase in the value of one currency relative to another currency. Appreciation occurs when, because of a change in exchange rates, a unit of one currency buys more units of another currency. Currency Depreciation: A decline in the value of one currency relative to another currency. Depreciation occurs when, because of a change in exchange rates, a unit of one currency buys fewer units of another currency. Currency Devaluation: A deliberate downward adjustment in the official exchange rate established, or pegged, by a government against a specified standard, such as another currency or gold.
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Currency Revaluation: A deliberate upward adjustment in the official exchange rate established, or pegged, by a government against a specified standard, such as another currency or gold. Currency Risk: The risk assumed by the holder of an investment or a cash deposit in a given currency, such as the U.S. dollar, that the currency's value may decline in relation to other currencies, such as the Japanese yen. Current Account Balance: The difference between the nation's total exports of goods, services, and transfers and its total imports of them. Current account balance calculations exclude transactions in financial assets and liabilities. Current Assets: The value of cash, accounts receivable, inventories, marketable securities and any other assets that are convertible to cash in less than one year. Current Liabilities: The amount owed for salaries, interest, accounts payable and any other debts due within one year.
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Debit Card: A card that resembles a credit card but which debits a transaction account (checking account) with the transfers occurring contemporaneously with the customer's purchases. A debit card may be machine readable, allowing for the activation of an automated teller machine or other automated payments equipment. Debt/Equity Ratio: A measure of financial leverage, comparing the assets provided by lenders to those provided by shareholders. The ratio represents longterm debt divided by common stockholders' equity. Debt-to-Income Ratio (Mortgages): Also called the “back-end” ratio, this ratio, expressed as a percentage, is calculated by dividing a borrower's monthly payment obligations on long-term debt (including housing expense) by his or her gross monthly income. Deed of Trust: In conjunction with a, this instrument is used in many western states to pledge the home or other real estate as security for a loan. Default: Failure to meet the terms of a credit agreement.
Current Ratio: A measure of short-term debt-paying ability. The ratio represents a company’s current assets divided by current liabilities. A higher ratio indicates a more liquid company.
Deferred-Interest Mortgage: A mortgage that defers some of the interest to a later date.
Current Yield: A ratio of the coupon interest rate divided by the market price of a bond or note.
Demand Deposit: A deposit that may be withdrawn at any time without prior written notice to the depository institution. A checking account is the most common form of demand deposit.
Custodian: The organization (usually a bank) that keeps securities for a mutual fund company. Custody Bank (Custodial Banks): Provides backoffice support on an outsourced basis to investment firms and stock brokers. Services provided may include trade processing, share transfer, funds clearing, foreign exchange trading, securities lending and fund accounting. Day Trade: Also known as a daylight trade. The purchase and sale or the short sale and cover of the same security in a margin account on the same day. DBA: Doing business as. De Novo Bank: A recently-established banking institution.
Demographics: The breakdown of the population into statistical categories such as age, income, education and sex. Depository Institution: A financial institution that obtains its funds mainly through deposits from the public. This includes commercial banks, savings and loan associations, savings banks, and credit unions. Although historically they have specialized in certain types of credit, the powers of nonbank depository institutions have been broadened in recent years. For example, NOW accounts, credit union share drafts, and other services similar to checking accounts may be offered by thrift institutions. Depreciation: A method of amortizing the cost of an asset in equal dollar amounts over the useful life of an asset. For example, an item with a five-year life
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would be charged with a certain amount of its cost every year for five years. Derivative: A financial security or instrument, such as a debt, option or future, with a value partly derived from the value and characteristics of an underlying stock, debt, commodity or currency. Sophisticated investors purchase or sell derivatives to manage risks associated with the underlying asset. The investor hopes to protect against fluctuations in value, or to profit from periods of inactivity or decline. For example, an American manufacturer that has shipped products to Europe and expects to be paid a substantial sum in Euros in the future may buy or sell derivatives in an attempt to protect against a change in the value of the Euro. Also, see “Credit Default Swap (Credit Swap).” Direct Deposit: A method of payment which electronically credits a checking or savings account. Direct Marketing: A form of non-store retailing in which customers are exposed to merchandise through catalogs, direct-mail brochures, telemarketing or television. Direct marketing may be used to generate direct-response purchases, store traffic, sales leads or a combination thereof. Directors and Officers Liability Insurance (D&O): Insurance that covers directors and officers of a company for negligent acts or omissions or misleading statements that result in successful libel suits against the company. The coverage includes the cost of defending against such suits. Direct-Response Marketing: The use of direct marketing with the intent of soliciting an order from the customer, rather than generating store traffic. Direct-response methods may include mail-order catalogs or brochures, infomercials, telemarketing and online banner ads. See “Direct Marketing.” Dirty Float: A type of floating exchange rate that is not completely freely floating because central banks intervene from time to time to alter the rate from its free-market level. It is still a floating rate because it has not been pegged at a predetermined par value. Discount Broker: A broker or brokerage firm that executes buy and sell transactions at commission rates lower than a full-service broker or brokerage.
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Discount Points (Mortgages): The amount paid either to maintain or to lower the interest rate charged on a mortgage. Each point is equal to 1% of the loan amount. (For example, two points on a $100,000 mortgage would equal $2,000.) Discount Rate: A rate of interest in the U.S. banking system set by the Federal Reserve Bank (the central bank of the nation), at which member banks may borrow from the Federal Reserve. In the credit card business, the discount rate is the fee charged by a bank for processing a credit card transaction. Discount Window: Figurative expression referring to the Federal Reserve's facility for extending credit directly to eligible depository institutions (those with transaction accounts or nonpersonal time deposits). Dividend: The distribution to shareholders, in cash or stock, of part of a company’s earnings, cash flow or capital. Dividend Reinvestment Plan: The automatic reinvestment, typically without incurring brokerage commissions, of shareholder dividends into additional shares of stock. Plans sometimes provide for share purchases at a discount to the market price. Dividend reinvestment plans let shareholders accumulate stock over time using dollar cost averaging. Down Payment: The difference between the purchase price and that portion of the purchase price being financed. Earnest Money: Good faith money provided to the seller by the potential buyer to show that he or she is serious about purchasing a piece of real estate. This amount can be applied to the purchase at closing, but if the deal does not go through it may be forfeited, or in some cases returned, depending on the terms of the purchase contract. Earnings Per Share (EPS): A figure determined by dividing net income for one year by the number of common shares outstanding, as reported by a company. Companies frequently use a weighted average of shares outstanding over the reporting term. Also called “Primary Earnings Per Share.” EBIT (Earnings Before Interest and Taxes): An indicator of a company's financial performance calculated as revenue minus expenses excluding tax
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and interest. Also see “Net Income,” “Net Operating Income” and “EBITDA (Earnings Before Interest, Taxes, Depreciations and Amortization).”
Encumbrance: Any claim on a title or property that might prevent the owner from passing good title at a sale.
EBITDA (Earnings Before Interest, Taxes, Depreciation & Amortization): An indicator of a company's financial performance calculated as revenue minus expenses excluding tax, interest, depreciation and amortization. Also, see “Net Income,” “Net Operating Income” and “EBIT (Earnings Before Interest and Taxes).”
Enterprise Resource Planning (ERP): An integrated information system that helps manage all aspects of a business, including accounting, ordering and human resources, typically across all locations of a major corporation or organization. ERP is considered to be a critical tool for management of large organizations. Suppliers of ERP tools include SAP and Oracle.
EC (European Community): See “EU (European Union).” ECN (Electronic Communications Network): Computerized systems that automatically match orders between buyers and sellers. While there are many private networks that automatically match orders, the term ECN only applies to those private networks that have been recognized as such under the SEC's ECN Display Alternative Rule. E-Commerce: The use of online, Internet-based sales methods. The phrase is used to describe both business-to-consumer and business-to-business sales. Edge Act: A U.S. government regulation that enables national banks to make loans to foreign customers through subsidiaries, known as Edge Act banks or Edge Act corporations. These corporations are chartered by the Federal Reserve. EDI (Electronic Data Interchange): An accepted standard format for the exchange of data between various companies’ networks. EDI allows for the transfer of e-mail as well as orders, invoices and other files from one company to another. Effective Interest Rate: Also referred to as annual percentage rate (APR), this is the cost of interest on a yearly basis expressed as a percentage. It includes upfront costs paid to obtain the loan and is, therefore, usually a higher amount than the interest rate stipulated in the mortgage or loan. It is useful in comparing various loan programs that have different rates and points. EFT (Electronic Funds Transfer): Moving money from one account to another via electronic means. EMEA: The region comprised of Europe, the Middle East and Africa.
Equal Credit Opportunity Act (ECOA): A federal law that requires lenders to make credit equally available without discrimination based on race, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. Equilibrium Real Interest Rate: The rate that would be consistent with the full employment of labor and industrial capacity, and with real GDP being at its long-run potential level. This rate is needed as a benchmark to judge whether a given real interest rate is expansionary or contractionary. Equities: A term used to describe stock investments in corporations as opposed to debt investments in corporations (bonds). Equity: 1) The net value of the common stockholders' interest in a company as listed on a company’s balance sheet. 2) The difference between a company's assets and liabilities (it is possible for a company to have negative equity). 3) The difference between the value of a property and the amount owed on that property. 4) A share of stock. ERISA (Employee Retirement Income Security Act): Calls for proper plan reporting and disclosure by employee pension and savings plan sponsors to plan participants. The act was passed in 1974. Escrow Account: A mortgage lender's method of accounting for escrow monies received from the borrower. See “Escrow(s).” Escrow Waiver Fee: A fee paid by a home mortgage borrower who elects to pay insurance and property taxes directly, rather than paying them into an escrow account at the mortgage company. There is a onetime charge by the mortgage company of 0.25% to 0.375% of the loan amount.
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Escrow(s): That portion of a borrower’s monthly payments held by the lender or servicer to pay for taxes, hazard insurance, mortgage insurance and other items as they become due. Also known as impound(s).
daily. ETFs have low operating costs and may offer income tax advantages over index funds. To be approved by the U.S. Securities Exchange Commission (SEC), an ETF must track a specific index.
ETN (Exchange Traded Note): Debt securities pioneered by Barclays Bank, and also issued by firms such as Merrill Lynch. They are listed on stock exchanges and can be bought and sold in secondary markets. ETNs have a set maturity date, but typically do not pay periodic interest payments as standard bonds do.
Expansionary Fiscal Policy: A policy to decrease governmental expenditures and/or to increase taxes. See also fiscal policy.
EU (European Union): A consolidation of European countries (member states) functioning as one body to facilitate trade. Previously known as the European Community (EC), the EU expanded to include much of Eastern Europe in 2004, raising the total number of member states to 25. In 2002, the EU launched a unified currency, the Euro. See europa.eu.int. EU Competence: The jurisdiction in which the EU can take legal action. Eurodallars: Deposits denominated in U.S. dollars at banks and other financial institutions outside the United States. Although this name originated because of the large amounts of such deposits held at banks in Western Europe, similar deposits in other parts of the world are also called Eurodollars. European Medium Term Note (EMTN): A way of raising funds by borrowing from capital markets or private investors. An EMTN program is a standard platform from which to launch these notes. Exchange Rate: The price of a country's currency in terms of another country's currency. Exchange-Traded Fund (ETF): A basket of stocks designed to mirror a particular index, such as the NASDAQ 100, while trading like shares of stock on an exchange. The price of an ETF fluctuates throughout the day, accurately reflecting the value of the underlying stocks in the basket at any time of day. Some ETFs track narrow indexes that represent specific industrial sectors, or even more limited areas such as indexes covering gold or real estate investment trusts. ETFs were designed to compete with mutual funds such index funds and funds that sector funds. The largest difference is that index funds act as mutual funds and are priced only once
Expansionary Monetary Policy: A policy of the Federal Reserve System that is designed to expand the growth of money and credit in the economy. See also monetary policy. Expense Ratio: The comparison of the cost of operating a property, business or organization to its gross income. Factor/Factoring: A method where a bank or financing company purchases accounts receivable under agreed conditions and at agreed discounts and thus makes funds immediately available to approved sellers. The company takes the accounts receivable as payment. This is commonly used to enable manufacturers to receive anticipated funds on a faster basis. Facultative Reinsurance: The transfer of liability from an insurer to a reinsurer on a single policy of insurance. It is also known as individual risk reinsurance. Fair Credit Reporting Act: A consumer protection law that regulates consumer credit report providers. For example, the act sets up procedures for correcting mistakes on an individual’s credit record, provides certain restrictions on publishing credit reports and generally governs a consumer's rights. Fannie Mae: See “FNMA (Federal National Mortgage Association).” Farmers Home Administration (FmHA): A part of the U.S. Department of Agriculture that provides financing for farmers and residents of rural areas. FDIC: Federal Deposit Insurance Corporation, a U.S. government agency that guarantees funds deposited at member banks up to a specified amount per account.
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Fed Funds Rate (Federal Funds): The rate of interest that banks may charge each other on overnight loans in the U.S. banking system. It is regulated by the Federal Reserve Bank. Federal Home Loan Bank Board (FHLBB): The agency of the federal government that supervises all federal savings and loan associations and federally insured state-chartered savings and loan associations. The FHLBB also operates the Federal Savings and Loan Insurance Corporation, which insures accounts at federal savings and loan associations and those state-chartered associations that apply and are accepted. In addition, the FHLBB directs the Federal Home Loan Bank System, which provides a flexible credit facility for member savings institutions to promote the availability of home financing. The FHL Banks also own the Federal Home Loan Mortgage Corporation, established in 1970 to promote secondary markets for mortgages. Federal Housing Administration (FHA): An agency of the U.S. Department of Housing and Urban Development (HUD). The FHA primarily insures housing loans.
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Federal Reserve District (Reserve District or District): One of the twelve geographic regions served by a Federal Reserve Bank. Federal Reserve System: The central banking system of the United States. It regulates the money supply, sets interest rates and attempts to keep inflation under control. It is responsible for the short term interest rates know as the Discount Rate and the Federal Funds Rate. It operates 12 branch Federal Reserve banks throughout the United States and it regulates national banks and monetary transactions between banks. Fee Simple: Absolute or sole ownership of a property. FHA: See “Federal Housing Administration (FHA).” FHLMC (Federal Home Loan Mortgage Corporation): A U.S. government-sponsored agency that purchases conventional mortgages from lending institutions, thus adding liquidity to the market. Also known as “Freddie Mac.” Financial Derivative: See “Derivative.”
Federal Open Market Committee (FOMC): Twelve-member committee made up of the seven members of the Board of Governors; the president of the Federal Reserve Bank of New York; and, on a rotating basis, the presidents of four other Reserve Banks. The FOMC meets eight times a year to set Federal Reserve guidelines regarding the purchase and sale of government securities in the open market as a means of influencing the volume of bank credit and money in the economy. It also establishes policy relating to System operations in the foreign exchange rates. Federal Reserve Act of 1913: Federal legislation that established the Federal Reserve System. Federal Reserve Bank (FRB): One of the twelve operating banks of the U.S. Federal Reserve System, located throughout the U.S. These banks operate 25 branches and carry out Federal Reserve functions, including the nationwide payment clearing system, distribution of the nation's currency, regulating member banks and serving as the banker to the U.S. Treasury.
Financial Holding Company: A financial entity engaged in a broad range of banking-related activities, created by the Gramm-Leach-Bliley Act of 1999. These activities include: insurance underwriting, securities dealing and underwriting, financial and investment advisory services, merchant banking, issuing or selling securitized interests in bank-eligible assets, and generally engaging in any non-banking activity authorized by the Bank Holding Company Act. The Federal Reserve Board is responsible for supervising the financial condition and activities of financial holding companies. Similarly, any non-bank commercial company that is predominantly engaged in financial activities, earning 85% or more of its gross revenues from financial services, may choose to become a financial holding company. These companies are required to sell any non-financial (commercial) businesses within ten years. Financial Institution: An institution that uses its funds chiefly to purchase financial assets (loans, securities) as opposed to tangible property. Financial institutions can be classified according to the nature of the principal claims they issue. See also depository institution.
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First Mortgage: The mortgage that has legal precedence over other mortgage claims, usually, but not always, chronologically first in the history of the property. Also see “Second Mortgage.” Fixed Annuity: An annuity purchased from an issuer that provides for fixed-dollar payments and is not tied to a portfolio of equity investments. Fixed Expenses: Costs that do not fluctuate in response to sales or inventory changes over time. Examples include rent fees and depreciation. Fixed-Rate Mortgage or Loan: A mortgage (or loan) that has an interest rate that does not change over the life of the loan. FmHA: See “Farmers Home Administration (FmHA).” FNMA (Federal National Mortgage Association): A major, government-sponsored investor that purchases mortgage loans from mortgage bankers. It is similar to FHLMC. Also known as “Fannie Mae.” Follow-On Shares: Refers to the offering of additional stock shares as a form of financing; typically occurs after a company has had an initial public offering (IPO). Forbearance (Mortgages): A temporary reprieve from paying a mortgage, usually granted because of some kind of hardship. Foreclosure: The process whereby a borrower in default under a mortgage is deprived of his or her interest in a property, which is taken away by the lender via a legal procedure. FRCS-80: The Communications network of the Federal Reserve which interconnects Federal Reserve Bank offices, the Board of Governors, depository institutions, and the Treasury. It is used for Fedwire transfers and transfers of U.S. securities as well as for transfer of Federal Reserve administrative, supervisory, and monetary policy information. Freddie Mac: See “FHLMC (Federal Home Loan Mortgage Corporation).” Front-End Load: A sales charge paid upon purchase of a mutual fund, annuity, or life insurance product.
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Front-End Ratio: See “Housing-Expenses-toIncome Ratio.” Front-Office Application: A computer program tailored to the needs of the customer relations portions of a business, such as sales and marketing. Futures Contract: An agreement to buy or sell a specified number of shares of a particular stock or commodity in a designated future month, at a price agreed upon by both buyer and seller. Futures contracts are frequently traded on the futures market. They differ from options in that options offer the right to buy or sell, while futures contracts bind the buyer and seller to an actual transaction. G8 (Group of Eight): The eight major industrial countries, including the United States, Japan, Germany, France, the United Kingdom, Italy, Russia and Canada, whose leaders meet at annual economic summits to coordinate economic policies. The group was formerly known as the G7, before Russia was admitted in June 2002. GDP (Gross Domestic Product): The total value of a nation's output, income and expenditures produced with a nation's physical borders. Ginnie Mae: See “GNMA (Government National Mortgage Association).” Globalization: The increased mobility of goods, services, labor, technology and capital throughout the world. Although globalization is not a new development, its pace has increased with the advent of new technologies, especially in the areas of telecommunications, finance and shipping. GNMA (Government National Mortgage Association): A government-owned corporation within the U.S. Department of Housing and Urban Development (HUD) that specializes in the purchase of FHA and VA loans. Also known as “Ginnie Mae.” GNP (Gross National Product): A country's total output of goods and services from all forms of economic activity measured at market prices for one calendar year. It differs from GDP (Gross Domestic Product) in that GNP includes income from investments made in foreign nations. Good Faith Estimate: A written estimate of closing costs that a lender must provide for the borrower
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within three days of submitting a new loan application. Graduated Payment Mortgage (GPM): A type of flexible-payment mortgage where the payments increase for a specified period of time and then level off. This type of mortgage has negative amortization built into it. For example, a homebuyer who believes that his or her income may increase a few years later may enter into a mortgage that has lower payments in the first five years but substantially higher monthly payments later in the loan. Growth and Income Fund: A mutual fund that has the objective of long-term capital gains combined with dividend income. Growth Fund: A mutual fund managed with the primary objective of increasing the investor’s principal. Guaranteed Investment Contracts (GICs): A contract typically sold to corporate 401(k) and pension plans. These contracts guarantee a specific return on invested capital over the life of the contract. Hedge Fund: An investment fund that may utilize aggressive strategies such as selling shares short, leverage via heavy borrowing, the timing of trading via very sophisticated computer models, arbitrage or derivatives in order to seek high rates of return. Historically, only large institutions and very wealthy individuals were investors in such funds. Today, however, some hedge funds seek money from smaller investors. Fund managers receive generous fees, including a significant portion of any profits. Some hedge funds total in the billions of dollars. Hedging: A strategy for reducing the risk of loss in investments involving call options, put options, short selling or futures contracts, by lessening the potential volatility of a portfolio. Hedging helps to lock in existing profits. Home Equity Loan: A fixed- or adjustable-rate loan obtained for a variety of purposes, secured by the equity in a home. Interest paid is usually taxdeductible. Often used for home improvement or the freeing of equity for investment. Home equity loans are tax-advantaged alternatives to consumer loans whose interest is not tax-deductible, such as auto or boat loans, credit card debt, medical debt and education loans.
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Homeowners' Multiperil Insurance: A packaged homeowners' insurance policy that provides both property and personal liability insurance. The typical comprehensive policy covers the house, garage and other structures on the property – as well as personal property inside the house – against a wide variety of perils. The number of covered perils depends on the breadth of the policy. Trees and plants are not covered against windstorm damage. (Homeowners' insurance will, however, cover damage to a house caused by a tree that fell in a windstorm.) The typical homeowners' policy includes theft coverage on personal property, whether it is at the home or has been carried away from the home by the owner, such as luggage on a vacation. Homeowners' insurance will also reimburse a policyholder for the cost of renting elsewhere while his or her house is being repaired after a fire or other disaster. The policy’s liability insurance covers the homeowner for accidental injuries to third parties (for example, if a visitor receives a broken leg by tripping on a piece of sidewalk). Housing-Expenses-to-Income Ratio: Used in evaluating the income of a potential mortgage borrower. It is calculated by dividing the anticipated housing expense by the gross monthly income of the borrower. Also known as the “front-end” ratio. HUD: The Department of Housing and Urban Development, a U.S. Government agency. HUD's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination. HUD-I Settlement Statement: A form utilized at mortgage closing to itemize the costs associated with purchasing a home. Used universally by mandate of HUD (the U.S. Department of Housing and Urban Development). Hybrid Mortgage: A type of mortgage that includes some compensation to the lender, such as a portion of income, in addition to the principal and interest on the loan. Immediate Annuity: An annuity purchased with a lump sum. Income Fund: A mutual fund with the primary objective of providing current income to the investor.
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Index Fund: A mutual fund that invests in a specific stock index, such as the Standard & Poor's 500, or the Wilshire 5000. This requires no special investment acumen on the part of the investment managers, because they simply buy a balanced collection of the stocks that make up the particular index. For the investor, this provides tremendous diversification and makes the value of the fund easy to follow and understand. If the S&P is up three points, so is a fund that invests only in that index. Also, see “Exchange Traded Fund (ETF).” Individual Retirement Account (IRA): An investor-established, tax-deferred account set up to hold funds until retirement. Industrial Bank: “Industrial” banks can be found in only a handful of states in the U.S. They are allowed to provide a wide array of services, including loans and credit cards. They can accept deposits, but they cannot offer standard checking accounts. Often, they are established by major retail chains and used to process credit card and debit card transactions within a chain's stores. Inflation: A rate of increase in the general price level of all goods and services. (This should not be confused with increases in the prices of specific goods relative to the prices of other goods.) Infrastructure: 1) The equipment that comprises a system. 2) Public-use assets such as roads, bridges, sewers and other assets necessary for public accommodation and utilities. 3) The underlying base of a system or network. Initial Public Offering (IPO): A company's first effort to sell its stock to investors (the public). Investors in an up-trending market eagerly seek stocks offered in many IPOs because the stocks of newly public companies that seem to have great promise may appreciate very rapidly in price, reaping great profits for those who were able to get the stock at the first offering. In the United States, IPOs are regulated by the SEC (U.S. Securities Exchange Commission) and by the state-level regulatory agencies of the states in which the IPO shares are offered. Insurance Agent or Agency: Businesses that are not related to any insurance underwriter. They typically represent several insurance companies at once and are paid on a commission basis. Examples of
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underwriters selling through captive agencies are State Farm and Farmers Group. Insurance Broker: A seller of insurance coverage. Unlike an insurance agent or agency, which represents the insurance underwriter, an insurance broker’s role is to represent the end customer, assisting that customer in finding the best coverage at the best price. Interim Loan: A loan that provides proceeds for the construction costs of a project. Often paid out in installments as the work progresses. International Monetary Fund (IMF): An international organization with 146 members, including the United States. The main functions of the IMF are to lend funds to member nations to finance temporary balance of payments problems, to facilitate the expansion and balanced growth of international trade, and to promote international monetary cooperation among nations. The IMF also creates special drawing rights (SDR's), which provide member nations with a source of additional reserves. Member nations are required to subscribe to a Fund quota, paid mainly in their own currency. The IMF grew out of the Bretton Woods Conference of 1944. Investment Bank: A general term that describes the activities of financial firms such as Merrill Lynch and Morgan Stanley. While these companies provide traditional stock brokerage, the investment banking side of their business entails much more, including the various roles involved in taking firms public; advising on and completing mergers, acquisitions or divestitures; spin-offs; maximizing shareholder value; and the creative use of debt. ITES (IT-Enabled Services): The portion of the Information Technology industry focused on providing business services, such as call centers, insurance claims processing and medical records transcription, by utilizing the power of IT, especially the Internet. Most ITES functions are considered to be back-office procedures. Also, see “Business Process Outsourcing (BPO).” Jumbo Loan: Also known as “non-conforming” loans, mortgage loans over the maximum “conforming” amount as set by FNMA are considered jumbo and are subject to different underwriting criteria. The benchmark loan amount is evaluated on a yearly basis by FNMA and adjusted
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accordingly. Interest rates on jumbo loans are generally 0.25% higher than their conforming counterparts. Also see “Non-Conforming Loan.” Junk Bond: A high risk bond (debt instrument) that is below “investment grade.” These bonds are typically rated BB or lower by agencies that analyze bond risk. They offer higher returns of interest than investment bonds, but carry substantially higher risk. Therefore, they are also referred to as "high yield" bonds. Junk bonds are often issued in conjunction with leveraged buyouts. Also, see “Leveraged Buyout (LBO).” Knowledge Process Outsourcing (KPO): The use of outsourced and/or offshore workers to perform business tasks that require judgment and analysis. Examples include such professional tasks as patent research, legal research, architecture, design, engineering, market research, scientific research, accounting and tax return preparation. Also, see “Business Process Outsourcing (BPO).” LAC: An acronym for Latin America and the Caribbean. LDCs: See “Least Developed Countries (LDCs).” Least Developed Countries (LDCs): Nations determined by the U.N. Economic and Social Council to be the poorest and weakest members of the international community. There are currently 50 LDCs, of which 34 are in Africa, 15 are in Asia Pacific and the remaining one (Haiti) is in Latin America. The top 10 on the LDC list, in descending order from top to 10th, are Afghanistan, Angola, Bangladesh, Benin, Bhutan, Burkina Faso, Burundi, Cambodia, Cape Verde and the Central African Republic. Sixteen of the LDCs are also Landlocked Developing Nations (LLDCs) which present them with additional difficulties often due to the high cost of transporting trade goods. Eleven of the LDCs are Small Island Developing States (SIDS), which are often at risk of extreme weather phenomenon (hurricanes, typhoons, Tsunami); have fragile ecosystems; are often dependent on foreign energy sources; can have high disease rates for HIV/AIDS and malaria; and can have poor market access and trade terms. Leveraged Buyout (LBO): A financial transaction in which a buyer uses debt (“leverage”) to acquire a company. The target company may be a publicly-
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held firm or a privately-owned concern. Typically, the buyer is an outside group operating as a private equity firm. Some members of the target firm's existing management may be included in the purchasing group. The debt portion of the purchase typically is in the form of money borrowed from a bank or other financial institution and/or newlyissued bonds using the acquired company’s assets as collateral. Also, see “Private Equity” and “Private Equity Fund.” LIBOR (London Interbank Offered Rate): The interest rate charged among banks for short-term Eurodollar loans. It is a common index for adjustable-rate loans and mortgages. Life Annuity: An annuity that ceases payments upon the death of the owner (annuitant). Life Annuity with Period Certain: A life annuity with a guarantee that payments will continue for a set number of years. If the annuitant dies before the period of time has expired, payments will be made to the heirs for its duration. Liquidity: The ease with which an asset can be converted into cash. For example, publicly traded stocks in major corporations have high liquidity because they can readily be sold at a known price on short notice. Also, the general ability of an organization to meet its financial obligations. Load: The sales fee charged when a person invests in a fund sold exclusively by stockbrokers and financial planners. Some funds charge back-end loads, which are fees withheld when the investor sells shares. Load Fund: A mutual fund with shares sold at a price with a sales charge, usually between 4% and 8% of the indicated net amount. A true "no-load" fund has no sales charge. Loan Application Fee: A lender's fee, usually ranging from $75 to $300, which the buyer must pay when applying for a mortgage. Loan Origination Fee: A fee charged by the lender for processing a mortgage or loan. The mortgage industry standard is 1% of the loan amount, but if the application is taken over the Internet, it is often reduced to 0.5% or even zero, depending on the lender.
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Loan-to-Value Ratio (LTV): An underwriting ratio determined by dividing the sales price or appraised value into the loan amount, expressed as a percentage. For example, with a sales price of $100,000 and a mortgage loan of $80,000, the LTV ratio would be 80%. Loans with an LTV over 80% usually require private mortgage insurance. See “Private Mortgage Insurance (PMI).” Lock (Lock In): A commitment that a borrower obtains from a lender assuring a particular interest rate for a limited time period, such as 30 days. A lock provides protection to the borrower should interest rates rise between the time the borrower applies for a loan, acquires loan approval and, subsequently, closes the purchase. Lockbox: A banking service whereby the bank receives payments by mail on behalf of a client and immediately deposits the payments into the client's account.
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Eurodollars, and balances in money market mutual funds restricted to institutional investors. Malpractice Insurance: A professional liability coverage that insures physicians, lawyers and other specialists against suits alleging that their negligence and/or errors and omissions have harmed their clients. Management Fee: The amount paid by a mutual fund for an investment adviser’s services. Margin Account (Stocks): An account at a stock brokerage that can be leveraged. A loan in the margin account is collateralized by the stock owned by the account. In the event that the stock’s value drops by a sufficient degree, the owner is asked either to put more cash into the account or to sell part of the stock.
Long-Term Debt: The value of loans of more than one year as owed by a corporation or organization.
Market Capitalization: The total dollar value of all outstanding shares in a company; an indicator of corporate size. The figure is the product of shares and current market price. Sometimes called “Market Cap.”
Long-Term Fund: A mutual fund that invests primarily in securities with maturities of more than one year.
Market Segmentation: The division of a consumer market into specific groups of buyers based on demographic factors.
M&A: Mergers and acquisitions. A specialty within investment banks, private equity firms and supporting organizations such as law firms.
Marketing: Includes all planning and management activities and expenses associated with the promotion of a product or service. Marketing can encompass advertising, customer surveys, public relations and many other disciplines. Marketing is distinct from selling, which is the process of sell-through to the end user.
M1: Measure of the U.S. money stock that consists of currency held by the public, travelers checks, demand deposits, and other checkable deposits including NOW (negotiable order of withdrawal) and ATS (automatic transfer service) account balances and share draft account balances at credit unions. M2: Measure of the U.S. money stock that consists of M1, certain overnight repurchase agreements and certain overnight Eurodollars, savings deposits (including money market deposit accounts), time deposits in amounts of less than $100,000, and balances in money market mutual funds (other than those restricted to institutional investors). M3: Measure of the U.S. money stock that consists of M2, time deposits of $100,000 or more at all depository institutions, term repurchase agreements in amounts of $100,000 or more, certain term
Maximum Capital Appreciation Fund: A mutual fund with the objective of maximizing capital appreciation by aggressively investing in new issues, start-up companies and out-of-favor stocks. This is an aggressive “growth fund.” MBS (Mortgage-Backed Security): A mortgagebacked security represents ownership of an undivided interest in a group of mortgages. Mortgage bankers often form MBSs in order to sell pools of their mortgages on the secondary market. Also see “CDO (Collateralized Debt Obligation).” M-Commerce: Mobile e-commerce over wireless devices.
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Merchant Bank: Banks that provide specialty services to corporations, but generally do not provide retail banking to consumers. Services may include consulting and advice regarding finance, mergers, acquisitions, stock offerings and debt placement. A merchant bank may also make a direct investment in a corporation to hold for a short to mid-term period. A merchant bank should not be confused with “merchant services” provided by a retail bank. Merchant Services: Credit card transaction processing services, typically provided by a retail bank. Merchant services include the processing and clearing of credit card transactions and the forwarding of the funds received to the client's bank account. MIP (Mortgage Insurance Premium): Insurance purchased by the borrower to insure the lender against loss should he or she default. MIP is paid on government-insured loans (FHA or VA loans) regardless of the LTV (loan-to-value ratio). Should the borrower pay off a government-insured loan in advance of maturity, he or she may be entitled to a small refund of MIP. Also see “Private Mortgage Insurance (PMI).” Monetary Policy: The regulation, by the Federal Reserve System, of the money supply in order to maximize production and employment and stabilize prices. See also contractionary monetary policy and expansionary monetary policy. Money Center Bank: A bank with a substantial asset base that is headquartered in one of the world's top financial center cities, such as London, Tokyo or New York. A money center bank is a major lender to multinational corporations and provides a very wide array of financial services. Money Market Fund: A mutual fund that specializes in investing in short-term securities, typically bonds and commercial paper with a duration of 30 to 180 days. These funds usually offer the investor a low initial investment, with some checkwriting privileges, and are used to park short-term cash. Money Supply: The amount of money (coins, paper currency, and checking accounts) that is in circulation in the economy.
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Mortality Guarantee: Provision of an annuity in which the issuer agrees to continue payments even if the annuitant lives longer than the mortality table predicted. Mortgage Banker: An organization that specializes in underwriting mortgage loans. Mortgage bankers typically sell some or all of their loans to investors but may continue to own and/or service them. Also see “Mortgage Broker.” Mortgage Broker: An organization in the business of arranging funding for a borrower. In contrast to a mortgage banker, a broker does not actually loan the money. Brokers usually charge a fee or receive a commission for their services. Municipal Bond: Debt securities issued by a state or local government or a public agency such as a utility district or hospital district. The income is exempt from federal income taxes and is frequently exempt from state income taxes. Municipal Bond Fund: A mutual fund that specializes in investing in municipal bonds. Mutual Fund: An investment company that pools money from shareholders and invests in a variety of securities including stocks, bonds and money market instruments. A mutual fund stands ready to buy back (redeem) its shares at their current net asset value, which depends on the total market value of the fund’s investment portfolio at the time of redemption. See “Net Asset Value (NAV).” As open-end investments, most mutual funds continuously offer new shares to investors. National Association of Securities Dealers (NASD): A self-regulatory organization with jurisdiction over certain broker-dealers. The NASD requires member brokers to register, and conducts examinations for compliance with net capital requirements and other regulations. It also conducts market surveillance of the over-the-counter (OTC) securities market. National Bank: A U.S. bank chartered by the federal government. National banks are members of the Federal Reserve System and the FDIC. Nearfield Communication (NFC): A short-range wireless connectivity standard that enables communication between devices that are touching or
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brought within several centimeters of each other. NFC is used to transfer data from one PDA to another and to enable cell phones to act as smart payment cards when waived before point-of-sale terminals. Negative Amortization: Amortization in which the payments made are insufficient to fund complete repayment of the loan at its termination. This usually occurs when the increase in the monthly payment on an adjustable-rate mortgage (ARM) is limited by a pre-set ceiling. The portion of the payment that should be paid is added to the remaining balance owed. The balance owed may increase rather than decrease at various times in the life of the loan. Net Asset Value (NAV): A mutual fund’s price-pershare, which represents the market value of its portfolio (net of liabilities), divided by the number of shares outstanding. For example, a mutual fund that owns shares with a total value of $1,000,000 that has issued 100,000 shares to its investors will have an NAV of $10 per share. Net Income: A corporation's total earnings after income taxes. The figure reflects income less the costs of business operations, depreciation, interest, taxes and various other expenses. Also see “Net Operating Income,” “EBIT (Earnings Before Interest and Taxes)” and “EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization).” Net Operating Income: Net profit from operations, before the payment of taxes and before allowances for payments due for income taxes and interest. Also see “Net Operating Income,” “EBIT (Earnings Before Interest and Taxes)” and “EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization).” No-Load Fund: A mutual fund that is purchased directly from the management company without a sales charge. Non-Conforming Loan: A loan that is not eligible to be purchased by Fannie Mae or Freddie Mac. These loan agencies have specific upper limits on how large a loan they will buy. These limits are adjusted on a regular basis. Also, several other factors regarding the loan must meet guidelines before they are considered to conform. Also see “Jumbo Loan.”
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North American Free Trade Agreement (NAFTA): A trade agreement signed in December 1992 by U.S. President George H. W. Bush, Canadian Prime Minister Brian Mulroney and Mexican President Carlos Salinas de Gortari. The agreement eliminates tariffs on most goods originating in and traveling between the three member countries. It was approved by the legislatures of the three countries and had entered into force by January 1994. When it was created, NAFTA formed one of the largest free-trade areas of its kind in the world. OECD: See “Organisation for Economic Cooperation and Development (OECD).” OFC (Offshore Financial Center): Typically considered to be a smaller nation where the majority of banks and other financial institutions are controlled by foreigners. These financial institutions are often used to set up offshore trusts, offshore corporations and other vehicles that may be used in an attempt to go around financial regulations in more developed nations. OFCs are sometimes referred to as “Tax Havens.” Office of the Comptroller of the Currency (OCC): An independent bureau of the Treasury Department and the oldest federal financial regulatory body. The OCC oversees the nation's federally chartered banks and promotes a system of bank supervision and regulation that: promotes safety and soundness by requiring that national banks adhere to sound management principles and comply with the law; and encourages banks to satisfy customer and community needs while remaining efficient competitors in the financial services market. Offshoring: The rapidly growing tendency among U.S., Japanese and Western European firms to send knowledge-based and manufacturing work overseas. The intent is to take advantage of lower wages and operating costs in such nations as China, India, Hungary and Russia. The choice of a nation for offshore work may be influenced by such factors as language and education of the local workforce, transportation systems or natural resources. For example, China and India are graduating high numbers of skilled engineers and scientists from their universities. Also, some nations are noted for large numbers of workers skilled in the English language, such as the Philippines and India. Also see “Captive Offshoring” and “Outsourcing.”
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Option: An option gives its holder the right to purchase or sell stock or other assets at a specified price on or by a given date. Call options are bought by investors who believe the stock’s price will rise above the strike price (the price set by the option) plus the price paid for the option itself. Put options are bought by investors who believe the stock's price will drop below the strike price.
Pass-Through (Mortgages): See “CMO (Collateralized Mortgage Obligation).”
Option ARM: An adjustable rate mortgage that lets the borrower decide how much to pay each month. The borrower may choose between the standard principal and interest amount, or simply pay the interest. Some plans allow the borrower to pay even less, adding the unpaid interest to the total amount due under the note.
PIPE (Private Investment Public Equity): A type of financing whereby a private investor or mutual fund buys a large block of common stock in a company, typically at a discount to the current market value per share, via a private placement transaction.
Organisation for Economic Co-operation and Development (OECD): A group of 30 countries that are strongly committed to the market economy and democracy. Some of the OECD members include Japan, the U.S., Spain, Germany, Australia, Korea, the U.K., Canada and Mexico. Although not members, Chile, Estonia, Israel, Russia and Slovenia are invited to member talks; and Brazil, China, India, Indonesia and South Africa have enhanced engagement policies with the OECD. The Organisation provides statistics, as well as social and economic data; and researches social changes, including patterns in evolving fiscal policy, agriculture, technology, trade, the environment and other areas. It publishes over 250 titles annually; publishes a corporate magazine, the OECD Observer; has radio and TV studios; and has centers in Tokyo, Washington, D.C., Berlin and Mexico City that distributed the Organisation’s work and organizes events. OTC BB: Over the Counter Bulletin Board. Outsourcing: The hiring of an outside company to perform a task otherwise performed internally by the company, generally with the goal of lowering costs and/or streamlining work flow. Outsourcing contracts are generally several years in length. Companies that hire outsourced services providers often prefer to focus on their core strengths while sending more routine tasks outside for others to perform. Typical outsourced services include the running of human resources departments, telephone call centers and computer departments. When outsourcing is performed overseas, it may be referred to as offshoring. Also see “Offshoring.”
Pay Per View VOD: See “Transactional VOD.” Personal Lines (Insurance): Includes those types of insurance typically used by a household, such as homeowners' insurance and automobile insurance.
PITI: Principal, interest, taxes and insurance: the elements of a monthly mortgage payment. Pollution Insurance: Insurance policies specifically covering losses and liabilities arising from damages caused by pollution. Portfolio: A collection of securities (stocks or bonds) owned by an individual or an institution, such as a mutual fund. Positioning: The design and implementation of a merchandising mix, price structure and style of selling to create an image of the retailer, relative to its competitors, in the customer’s mind. PPP: See “Purchasing Power Parity (PPP).” Preferred Stocks: Stocks that differ from common stocks in that 1) preferred stocks pay a dividend and 2) preferred stockholders rank above common stockholders for payment of dividends or distribution of assets. Preferred stocks are also sometimes convertible. See “Convertible Bonds.” Pre-Paid Expenses: At closing of a real estate purchase, monies necessary to create an escrow account. These typically include two month's worth of taxes, hazard insurance, private mortgage insurance and special assessments. Pre-Paid Interest: The amount of interest paid to cover the period from the closing of a sale until the beginning of the first payment on the mortgage or loan. Pre-Payment (Prepayment): The unscheduled payment of all or part of the outstanding principal of
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a loan or mortgage. Pre-payments are typically made, by the borrower, but may also result by foreclosures, condemnations or casualties, such as an insurance settlement resulting from a total loss by fire or flood. Pre-Payment Penalty (Prepayment Penalty): A penalty found in a promissory note or mortgage, imposed by the lender if the principal of a loan is paid before it is due, thereby reducing the lender's stream of interest earned on the note. Pre-Payment Privilege: The right to repay the principal of a loan before interest is due. Pre-Payment Risk: The possibility that the mortgages underlying a mortgage-backed security are repaid faster or more slowly than expected. Pre-Qualification (Mortgages): The process of determining how much money a prospective property buyer will be eligible to borrow before actually applying for a loan. Price/Book Ratio (P/B): A figure comparing a stock's market value to the book value. (Book value is the value of total assets minus total liabilities.) Also known as market-to-book. Price/Earnings Ratio (P/E): A figure showing the “multiple” of earnings at which a stock sells. The ratio represents current hare price divided by current earnings per share, adjusted for stock splits. Earnings per share is calculated by dividing earnings for one year by the number of common shares outstanding. Higher “multiples” correspond to higher investor expectations for future growth and consequent higher stock price. Price/Sales Ratio: A figure representing a stock's current price per share divided by revenue per share, adjusted for stock splits. Revenue per share is calculated by dividing revenue for one year by number of shares outstanding. Primary Government Dealer: A bank or investment company authorized to buy and sell government debt obligations directly with the Federal Reserve Bank. Prime Rate: An interest rate to be charged on loans that is the lowest rate charged by banks to their best commercial customers. The prime rate is adjusted on a regular basis according to rates in the general debt
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market. The generally accepted prime rate can be found in The Wall Street Journal each week. Private Banking: Special offices at banks that provide services to large depositors. Banks of all types are competing fiercely to gain the prized accounts of the very rich. Private Banking offices providing individualized services, such as investment management and estate planning, to big depositors are now commonplace. Private Equity: Private equity is money invested in a business, in the form of stock and/or debt instruments such as bonds, that has been raised from private investors. It is the opposite of money that has been raised through public offerings, (including IPOs) of stocks or bonds. Investors in private equities generally seek to receive an eventual return on their investment through one of three ways: an initial public offering of stock in the business, a sale of the business, or a recapitalization of the business. Also, see “Private Equity Fund” and “Leveraged Buyout (LBO).” Private Equity Fund: A business that raises money from outside investors, such as wealthy individuals and pension plans, and invests the money into private equity investments. The total amount of money in one fund may be relatively small, but it can also run into billions of dollars, as many of today's private equity deals are massive. Private equity funds are managed by investment and finance professionals who take annual fees based on the total amount of money in the fund and the profits of the fund. Also, see “Private Equity.” Private Mortgage Insurance (PMI): Insurance paid on those loans that are not government-insured when the loan to value ratio is greater than 80%. When you have accumulated 20% of your home’s value as equity, your lender may waive PMI at your request. Note that such insurance does not constitute a form of life insurance that pays off the loan in case of death. Also see “MIP (Mortgage Insurance Premium).” Private-Label Store Credit Card System: A system in which credit cards have the store’s name on them, but the accounts receivable are sold to a financial institution. Product Liability: A section of tort law that determines who may sue and who may be sued for damages when a defective product injures someone.
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Professional Liability Insurance: Covers specialists, such as accountants, lawyers, doctors, dentists, pharmacists and insurance brokers and agents, for negligence and/or errors and omissions that injure their clients. See “Malpractice Insurance.” Program Reinsurance: A hybrid reinsurance product that combines elements of both facultative and treaty reinsurance. It delivers a blend of consultative risk analysis with portfolio management benefits. Program Trading: Trades based on computer program signals, typically entered directly from a trader's computer to the market's system and automatically executed. Property & Casualty (P&C) Insurance: Insurance that covers damage to or loss of the policyholder’s property. The terms casualty and liability insurance often are used interchangeably; both cover the policyholder’s legal liability for damages caused to other persons and/or their property (i.e., damage to third parties, which is why casualty insurance is sometimes called third-party coverage). However, casualty insurance has a broader meaning than liability insurance, because it also encompasses plate glass, burglary, theft and workers’ compensation coverages. Property Insurance: Covers against losses caused by specified perils, including fire, windstorm, hail, explosion, riot, vandalism, malicious mischief, riot and civil commotion and smoke. Also see “Property & Casualty (P&C) Insurance.” Prospectus: The descriptive legal documents a mutual fund or a company selling its stocks or bonds must provide to potential investors. The content of a prospectus is regulated by, and must be approved by, the federal Securities and Exchange Commission, and by various state securities agencies in the states where the securities are to be offered. Proxy Statement: A document providing shareholders with necessary information for voting on matters to be raised at a stockholders' meeting. The document includes information on closely held shares. Shareholders often sign their proxy over to a firm's management, giving management the right and responsibility to vote their shares as laid out in the statement.
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Purchasing Power Parity (PPP): Currency conversion rates that attempt to reflect the actual purchasing power of a currency in its home market, as opposed to examining price levels and comparing an exchange rate. PPPs are always given in the national currency units per U.S. dollar. Put Option: An option contract giving the holder the right to sell, and obligating the writer to purchase, a set number of shares of an underlying stock at the given strike price, on or by a set date. Quant: A person who practices quantitative finance. See “Quantitative Finance.” Quantitative Finance: A sophisticated method of valuing investments that relies heavily on advanced computer algorithms and automated analysis. Quantitative financial analysis may combine several disciplines at once, including statistics, higher mathematics, finance and computer science. The intended result is higher accuracy in valuing assets and forecasting trends. Quick Ratio: A measure of the financial strength of a company. The figure is determined by dividing current assets less inventories by current liabilities. Also known as “acid test.” Real Estate Investment Trust (REIT): Investments that work in a manner very similar to mutual funds in that money from several investors is pooled together to jointly own real estate and/or invest in mortgages. REITs are required to distribute almost all (90%) of their net income annually, directly to shareholders. Many REITs specialize in a specific kind of real estate, such as shopping centers or apartments. Investors generally buy shares in REITs with a twofold purpose: 1) to earn current income and 2) for long-term capital gains on appreciation in the value of the real estate. Real Estate Investment Trust Act of 1960: The federal law that established guidelines for establishing REITs. Real Estate Settlement Procedures Act: See “RESPA (Real Estate Settlement Procedures Act).” Real GDP: GDP (gross domestic product) adjusted for inflation. Real GDP provides the value of GDP in constant dollars, which is used as an indicator of the volume of the nation's output.
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Recession: A significant decline in general economic activity extending over a period of time.
reserve account (not including funds applied to its required clearing balance).
Redemption Price: The amount per share that mutual fund shareholders receive when they cash in shares.
RESPA (Real Estate Settlement Procedures Act): A federal law that allows consumers to review information on known or estimated settlement costs. A statement of estimated costs must be provided by the lender once after a mortgage application has been completed and once again prior to or at closing.
Refinancing: In mortgages, refinancing is the process of paying off an existing mortgage with a new mortgage, often to attain a certain interest rate or to obtain cash from the transaction by increasing the principal balance. Registered Representative: A securities professional who must pass a qualifying examination and meet other qualifications of the National Association of Securities Dealers (NASD). Regulation Z: A federal rule that requires a lender to disclose the terms of a loan to the borrower. Reinsurance: Insurance purchased by an insurer. A reinsurer assumes part of the risk – and part of the premium–originally taken by the underwriter, which is called the primary company. Reinsurance effectively increases an insurance company’s capital and therefore its capacity to sell increased amounts of coverage. Reinsurers have their own reinsurers, called retrocessionaires. Some of the world’s biggest reinsurance companies are European and Asian firms. In addition, there are many reinsurance companies headquartered in Bermuda as well as a few in the U.S. The billions of dollars worth of risk assumed by primary insurance underwriters is spread across an international network of reinsurance and retrocession. Reinvestment: The process of using dividends from a stock or mutual fund to buy more shares of the same type. Required Reserve Balance: Portion of its required reserves that a depository institution must hold in an account at a Federal Reserve Bank. Required Reserves: Funds that a depository institution is required to maintain as vault cash or on deposit with a Federal Reserve Bank; required amount varies according to required reserve ratios set by the Board of Governors and the volume of reserveable liabilities held by the institution. Reserves: A depository institution's vault cash (up to the level of its required reserves) plus balances in its
Return on Equity: A measurement of net income as a percentage of shareholders' equity. Also called the rate of return on the ownership interest. Return on Investment (ROI): A measure of a company's profitability, expressed in percentage as net profit (after taxes) divided by total dollar investment. Reverse Merger: Seen by some as a shortcut to going public. In a reverse merger, a privately-held firm acquires a publicly-held company, merges into that publicly-held firm and thereby creates a larger, publicly-held company. This is practiced because it is often easier for a publicly-held firm to raise additional funding. Reverse Mortgage: Enables older homeowners (aged 62+) to convert part of the equity in their homes into tax-free income without having to sell the home, give up title, or take on a new monthly mortgage payment. The lender provides either a line of credit, steady monthly payments or one upfront payment to the borrower. In return, the lender receives a right to proceeds upon the eventual sale of the home, typically after the borrower's death. There are no monthly payments to be made by the borrower, and there are no income or health requirements. Sometimes called a reverse annuity mortgage or RAM. Revolving Line of Credit (RLOC): A loan agreement that enables the borrower to draw down funds as needed and repay the money when the funds are no longer required. RLOCs are often used by businesses to assist in meeting temporary cash needs due to seasonality of sales or periods when unusual outlays are required. Right of Rescission: The legal right to void or cancel a mortgage contract in such a way as to treat the contract as if it never existed. Right of rescission is not applicable to mortgages made to purchase a
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home, but may be applicable to other mortgages, such as cash-out refinances. Risk Assessment: The evaluation of potential injury, harm or loss. The phrase frequently applies to the insurance industry and to environmental matters. Risk Management: Management of the varied risks to which a business firm or association might be subject. It involves analyzing all exposures to gauge the likelihood of loss and choosing among the options to minimize that loss. Many major companies have risk managers on their payrolls. These risk managers may evaluate insurance proposals from a variety of companies prior to choosing a policy and carrier. They may also choose to self-insure against certain losses. ROI: See “Return on Investment (ROI).”
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holder may be forced to pay off the first mortgage in order to protect the second mortgage's interests in the property. Second mortgages involve more risks to the mortgage holder and generally are written at higher interest rates. It is also possible to create third or fourth mortgages, etc. Secondary Market: A market providing for securities to be bought or sold. This market is where the majority of trading occurs. The New York Stock Exchange, all other stock exchanges and the bond markets are secondary markets. In mortgages, large pools of mortgages are bought and sold by major investors in the secondary market. Sector Fund: These mutual funds invest solely in a specific industrial sector. For example, sector funds are available in the areas of oil and gas, timber, Internet services, biotechnology and a host of other industries.
Routing Number: See “Wire Transfer.” SaaS (Software as a Service): Refers to the practice of providing users with software applications that are hosted on remote servers and accessed via the Internet. Excellent examples include the CRM (Customer Relationship Management) software provided in SaaS format by Salesforce. An earlier technology that operated in a similar, but less sophisticated, manner was called ASP or Application Service Provider. Sarbanes-Oxley Act (Sarbox): A set of federal regulations passed in 2002. It sets strict guidelines to be followed by publicly held companies in financial reporting and internal controls. Compliance with Sarbanes-Oxley (sometimes referred to as “Sarbox”) is overseen by the Public Company Accounting Oversight Board. Savings and Loan (S&L, Thrift, Savings Association, Savings Bank): Depository institution historically engaged primarily in accepting consumer savings deposits and in originating and investing in securities and residential mortgage loans; now may offer checking-type deposits and make a wider range of loans. Federally-chartered and federally-insured savings and loans are supervised by the Federal Home Loan Bank Board (FHLBB). Second Mortgage: A mortgage with collateralization rights that are secondary to a first mortgage. In the event that the borrower defaults, the second mortgage
Securities Exchange Commission (SEC): The U.S. Government agency that oversees and regulates the sale and management of securities and investments. All 50 states also have regulatory bodies of their own. Securitization: The process of financing a pool of similar assets (such as mortgages, automobile loans, corporate debt instruments or credit card debts) by issuing to investors interests in the funds generated by that pool. Such pools are generally in the range of $100 million or higher, and may represent the debts of dozens of companies or thousands of consumers. Securitization enables banks and other lenders to have ready markets into which they may sell loans that they generate. Security: A common name for a stock, bond, debt instrument, preferred stock or other investment unit sold by a company, a mutual fund or a government. Selling Short: An investment strategy practiced when an investor thinks the price of a stock will decline. The investor borrows the stock from a broker and sells it, hoping to eventually buying it back on the open market at a lower price. However, if the price of the stock increases instead, the investor will suffer a loss. Servicing (Mortgages): The steps and operations necessary to manage a mortgage or pool of mortgages, such as the collection of payments and the
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disbursement of escrowed funds for taxes and insurance. Servicing also includes following up on delinquent borrowers and foreclosure, if necessary. Servicing companies charge a fee to the investor that owns the loan. Shared-Appreciation Mortgage: A loan that provides a share of the appreciation of the value of the property to the lender. Such loans are typically written at below-market interest rates. Sharia (in banking): The set of Islamic rules that govern activities of all types, Sharia strictly limits the use of interest payments. Instead, many business deals in Islamic societies must be structured on creative lease, rent or other alternative contracts, rather than interest-bearing loans or bonds, in order to be acceptable.
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International Monetary Fund (IMF) for use by its member nations. It is a means of accounting for international reserves. A nation can use SDRs to make payments to another nation. Specialty Lines (Insurance): Include coverage outside of a typical customer's property and casualty needs. For example, specialty lines include marine insurance, aviation insurance and professional liability insurance. Spread: 1) The difference between the bid price and the ask price of a stock. 2) A strategy in options trading where one option is purchased and another related option, with a different strike price or expiration date, is simultaneously sold. 3) The difference between two prices or rates of interest, such as the difference between U.S. Treasury debt and corporate debt.
SIV (Structured Investment Vehicle): Generally deal in commercial paper, medium-term notes and capital notes. They may be highly leveraged, using debt to enable the SIV to own multi-billion dollar pools of investments.
Strike Price: The stated price per share at which underlying stock can be bought (in the case of a call option) or sold (in the case of a put option) by the holder when the option contract is exercised.
SME (Small to Medium Enterprise): A term used to refer to smaller businesses. For example, in the European Union, SME businesses are officially considered to have fewer than 250 employees and less that 50 million Euros in annual sales. SMEs make up the vast majority of all businesses and provide the vast majority of all employment.
Structured Note: Structured notes are investment units that have been packaged by banks or other issuers to combine features of stocks, bonds, commodities, indexes, currency futures and or options. The issuers put a time limit on the notes, typically from one to ten years. The issuers generate fee income from these notes.
Society for Worldwide Interbank Financial Telecommunications (SWIFT): A message writing system that connects worldwide participating banks, primarily for the purpose of communicating payment information. Frequently, the SWIFT message is only part of an international payment.
Subprime: A term used to describe mortgages offered to borrowers with less than perfect credit. Subprime rates are generally higher than typical interest rates.
Sovereign Wealth Fund (SWF): A term used to describe a national government's pool of assets available for investment. Nations that are major exporters, such as the oil and gas exporting nations of Saudi Arabia, Kuwait and Russia, have earned massive amounts of excess capital. Disciplined, professional investment practices can give them the ability to create superior returns on this capital by making global investments. Today, the world's SWFs total trillions of dollars. Special Drawing Right (SDR): A Special Drawing Right (SDR) is a monetary unit created by the
Subsidiary, Wholly-Owned: A company that is wholly controlled by another company through stock ownership. Supply Chain: The complete set of suppliers of goods and services required for a company to operate its business. For example, a manufacturer's supply chain may include providers of raw materials, components, custom-made parts and packaging materials. Surplus Lines: Property/casualty coverage that isn’t available from insurers licensed by the state (called admitted insurers) and must be purchased from a non-admitted carrier. Surplus lines coverage is often
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sold by only a few carriers. An example is environmental liability insurance. Survey (Real Estate): A technical drawing that shows the precise legal boundaries of a property. Also known as a boundary survey. Surveys are generally recognized only when they are drawn by licensed professionals known as registered surveyors. Also see “Legal Description.” Sweat Equity: In mortgages, sweat equity created by a purchaser performing work on a property being purchased. Sweep Account: A bank or deposit account that automatically sweeps excess funds into an interest earning account at the end of each business day. SWOT: A popular acronym for Strengths, Weaknesses, Opportunities and Threats. It is used to analyze corporations, organizations and industries for strategic planning and risk analysis. Tax-Deferred Investment: Earnings on tax-deferred investments are not taxed until the owner starts to make withdrawals or redeems the investment without reinvesting. Deferring income taxes allows investors to have more money earning income until the taxes are due. Tax-deferred investments include 401(k) savings plans and annuities. Tax-Exempt Securities: Debts that are issued by state and local governments and are free of federal taxes. See “Municipal Bond.” Three/Two (3/2) Option: An alternative mortgage plan that enables households whose earnings are no more than 100% of the median income in their regional area to make a 3% down payment with their own funds, coupled with a 2% gift from a relative or a 2% grant or unsecured loan from a nonprofit agency or state or local government program. Title Examination Fee: A standard fee paid to a title company at closing of a real estate purchase. Also see “Title Search.” Title Insurance (Title Policy): Insurance to protect the lender (referred to as a “lender's policy” or “mortgage policy”) or the buyer (an “owner’s policy”) against losses arising from disputes over ownership or unknown liens on a property.
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Title Search: A check of property deed records to ensure that the seller is the legal owner of the property and that there are no unknown liens or other claims outstanding. Total Return: The actual increase or decrease in the value of a mutual fund investment or a portfolio of stocks or bonds over a specific period of time. This includes capital appreciation and dividends. Tranche: A slice of a financial position, investment, security or obligation. Some types of financial risks are frequently repackaged in tranches. Often certain tranches hold higher levels of risk. Transactional VOD: Allows VOD customers to pay a single price for a single VOD program or a set of programs rather than paying a set fee for a set amount of VOD programming (as in SVOD services). Transfer Agent: An agent of a mutual fund or security whose duties include issuing new shares, canceling redeemed shares and distributing the dividends and capital gains. Treasury Bills (T-Bills): U.S. government bonds with maturity dates of 52 weeks or less. Treasury Bonds: U.S. government debt with maturities from 10 to 30 years. Treasury Notes: U.S. government debt with maturities between two years and 10 years. Treaty Reinsurance: The transfer of liability from an insurer to a reinsurer on a portfolio of policies. Truth-in-Lending Act: A federal law that requires lenders to fully disclose, in writing, the terms and conditions of a mortgage or loan, including the annual percentage rate and other charges. UCC (Uniform Commercial Code): Laws in the U.S. that regulate commercial transactions, including the rights of lenders when borrowers are in default. U-Commerce (U Commerce): Ubiquitous Commerce, Universal Commerce or Ultimate Commerce (ubiquitous meaning ever-present), depending on whom you ask. It describes the concept that buyers and sellers have the potential to interact anywhere, anytime thanks to the use of wireless devices, such as cell phones, by buyers to connect
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with sellers via the Internet where orders can be placed online and payments can be made via credit card or PayPal. The Association for Information Systems states that the qualities of U-Commerce include ubiquity, uniqueness, universality and unison. Underwriter: The issuer of a publicly-held security, a loan or an insurance policy. Also see “Underwriting.” Underwriting: In lending, the reviewing of a loan file to determine the applicant's ability to meet the loan obligation. In insurance, underwriting is the process of reviewing the risk in a given insurance policy. In securities and investments, underwriting is the process of analyzing a bond or stock offering and then completing the necessary paperwork and regulatory filings necessary to offer the bond or stock for sale. Universal Life Insurance: A flexible premium policy that combines protection against premature death with a savings account that typically earns a money market rate of interest. Urban Development Action Grant (UDAG): A program under the department of Housing and Urban Development that lends money for redevelopment of urban commercial areas. Urban Renewal: The process of the revitalization of urban areas, usually through redevelopment or older buildings or neighborhoods sponsored by a government or private organization. Utilization Review: A program included in many health care benefit plans, in which medical treatments or hospital stays ordered by the insured person’s medical providers are reviewed by the benefits provider (typically the insured’s employer) or a thirdparty acting on its behalf (typically an HMO). The review assesses whether treatment is medically appropriate and in accordance with generally accepted standards of medical practice. The intent of utilization review is to reduce the total cost of an illness. VA Mortgage: A mortgage that is guaranteed by the Veterans Administration, a Federal Government agency that provides benefits to U.S. veterans. VA mortgages tend to be made at below-market interest rates and may feature lower down payments or other benefits for the borrower.
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Value Added Tax (VAT): A tax that imposes a levy on businesses at every stage of manufacturing based on the value it adds to a product. Each business in the supply chain pays its own VAT and is subsequently repaid by the next link down the chain; hence, a VAT is ultimately paid by the consumer, being the last link in the supply chain, making it comparable to a sales tax. Generally, VAT only applies to goods bought for consumption within a given country; export goods are exempt from VAT, and purchasers from other countries taking goods back home may apply for a VAT refund. Variable Annuity: An annuity funded by a separate account that invests in mutual funds, bonds or the stock market, at the policyholder’s direction. The annuity's value rises and falls with that of the underlying portfolio securities. Investors who feel they can get superior returns from the stocks and funds held by the account may prefer this very popular type of annuity. However, the investor assumes the market risk and often pays high management or sales fees. There are multiple styles of variable annuities that attempt to match the investor's age, financial circumstances and tolerance for risk. The investor may make deposits on a regular basis, such as monthly, or may make a large lump sum deposit when establishing the account. The account's earnings are income tax-deferred until the investor begins withdrawing money. Variable Life Insurance: A policy that can combine protection against premature death with a savings account that can be invested in a variety of stock, bond and money market mutual funds, at the policyholder’s direction. The policy's value varies to some degree with that of the underlying portfolio securities. Investors who feel they can get superior returns from the stocks and funds held by the account may prefer this type of policy. However, the investor assumes the market risk and often pays high management or sales fees. Variable-Maturity Mortgage: A long-term loan where the due date of the final payment may be changed when the amount of earlier payments has been altered. Variable-Rate Mortgage: See “Adjustable-Rate Mortgage (ARM).” Velocity: The rate at which money balances turn over in a period for expenditures on goods and
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services (often measured as the ratio of GNP--gross national product-- to the money stock). A larger velocity means that a given quantity of money is associated with a greater dollar volume of transactions. Venture Capital: An investment in a new business, usually with the understanding that the company will share future profits. Volatility: Fluctuation in value or price. An investment with high volatility may pose higher risk. Examples include newly issued stocks in IPOs (initial public offerings) and investments in commodities. Whole Life Insurance: The oldest kind of cash value life insurance, which combines protection against premature death with a savings account. Wire Transfer: An electronic transfer of funds from one bank account to another. The banks involved are identified by unique routing numbers so that the money can be sent to the correct place. In the U.S., routing numbers may also be referred to as ABA numbers. Workers' Compensation: Relates to injuries received on the job. It pays for medical care and physical rehabilitation of injured workers and replaces their lost wages while they’re unable to work. World Trade Organization (WTO): One of the only globally active international organizations dealing with the trade rules between nations. Its goal is to assist the free flow of trade goods, ensuring a smooth, predictable supply of goods to help raise the quality of life of member citizens. Members form consensus decisions that are then ratified by their respective parliaments. The WTO’s conflict resolution process generally emphasizes interpreting existing commitments and agreements, and discovers how to ensure trade policies to conform to those agreements, with the ultimate aim of avoiding military or political conflict. Wraparound Mortgage: A transaction whereby an old mortgage is included with a new loan. This is different from a second mortgage in that a second mortgage is legally subordinate to a first mortgage. The borrower makes payments on both loans to the holder of the wraparound.
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WTO (World Trade Organization): See “World Trade Organization (WTO).” X9: A financial standards committee accredited by the American National Standards Institute. X9 develops and publishes voluntary financial industry payment standards for banks and other depository financial institutions. Yield: The percentage rate of return paid on a stock in dividends or the rate of interest paid on a bond or note. Yield Curve: The relationship between time to maturity of a debt instrument and current market interest yields. Yield to Maturity: A measure of the total return on a long-term bond. The yield is approximated by dividing the adjusted interest by the average price.
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INTRODUCTION
PLUNKETT'S BANKING, MORTGAGES & CREDIT INDUSTRY ALMANAC, the fifth edition of our guide to the banking and mortgages field, is designed to be used as a general source for researchers of all types. The data and areas of interest covered are intentionally broad, ranging from the costs and effectiveness of the banking, mortgage and credit system, to emerging technology, to an in-depth look at the major for-profit firms (which we call THE BANKING & LENDING 300) within the many industry sectors that make up the banking and lending business. This reference book is designed to be a general source for researchers. It is especially intended to assist with market research, strategic planning, employment searches, contact or prospect list creation (be sure to see the export capabilities of the accompanying CD-ROM that is available to book and eBook buyers) and financial research, and as a data resource for executives and students of all types. PLUNKETT'S BANKING, MORTGAGE & CREDIT INDUSTRY ALMANAC takes a rounded approach for the general reader. This book presents a complete overview of the banking and lending field (see “How To Use This Book”). For example, banking and mortgage statistics are provided in
exacting detail, along with easy-to-use charts and tables on all facets of banking and lending in general. THE BANKING & LENDING 300 is our unique grouping of the biggest, most successful corporations in all segments of the banking, mortgage and credit industry. These profiles include the world’s major banking organizations, as well as hundreds of important national and regional U.S. firms. Tens of thousands of pieces of information, gathered from a wide variety of sources, have been researched and are presented in a unique form that can be easily understood. This section includes thorough indexes to THE BANKING & LENDING 300, by geography, industry, sales, brand names, subsidiary names and many other topics. (See Chapter 4.) Especially helpful is the way in which PLUNKETT'S BANKING, MORTGAGES & CREDIT INDUSTRY ALMANAC enables readers who have no business background to readily compare the financial records and growth plans of banking and lending companies and major industry groups. You’ll see the mid-term financial record of each firm, along with the impact of earnings, sales and strategic plans on each company’s potential to fuel growth, to serve new markets and to provide investment and employment opportunities. No other source provides this book’s easy-tounderstand comparisons of growth, expenditures,
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look to this book for an overview and, when conducting in-depth research, should contact the specific corporations or industry associations in question for the very latest changes and data. Where possible, we have listed contact names, toll-free telephone numbers and Internet site addresses for the companies, government agencies and industry associations involved so that the reader may get further details without unnecessary delay.
technologies, corporations, mergers and many other items of great importance to people of all types who may be studying this, one of the largest and most globalized industries in the world today. By scanning the data groups and the unique indexes, you can find the best information to fit your personal research needs. The major companies in banking and lending are profiled and then ranked using several different groups of specific criteria. Which firms are the biggest employers? Which companies earn the most profits? These things and much more are easy to find. In addition to individual company profiles, an overview of banking and lending markets and trends is provided. This book’s job is to help you sort through easy-to-understand summaries of today’s trends in a quick and effective manner. Whatever your purpose for researching the banking field, you’ll find this book to be a valuable guide. Nonetheless, as is true with all resources, this volume has limitations that the reader should be aware of: x
Financial data and other corporate information can change quickly. A book of this type can be no more current than the data that was available as of the time of editing. Consequently, the financial picture, management and ownership of the firm(s) you are studying may have changed since the date of this book. For example, this almanac includes the most up-to-date sales figures and profits available to the editors as of late-2008. That means that we have typically used corporate financial data as of the end of 2007.
x
Corporate mergers, acquisitions and downsizing are occurring at a very rapid rate. Such events may have created significant change, subsequent to the publishing of this book, within a company you are studying.
x
Some of the companies in THE BANKING & LENDING 300 are so large in scope and in variety of business endeavors conducted within a parent organization, that we have been unable to completely list all subsidiaries, affiliations, divisions and activities within a firm’s corporate structure.
x
This volume is intended to be a general guide to a vast industry. That means that researchers should
x
Tables of industry data and statistics used in this book include the latest numbers available at the time of printing, generally through the end of 2007. In a few cases, the only complete data available was for earlier years.
x
We have used exhaustive efforts to locate and fairly present accurate and complete data. However, when using this book or any other source for business and industry information, the reader should use caution and diligence by conducting further research where it seems appropriate. We wish you success in your endeavors, and we trust that your experience with this book will be both satisfactory and productive.
Jack W. Plunkett Houston, Texas October 2008
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HOW TO USE THIS BOOK
The two primary sections of this book are devoted first to the banking industry as a whole and then to the “Individual Data Listings” for THE BANKING & LENDING 300. If time permits, you should begin your research in the front chapters of this book. Also, you will find lengthy indexes in Chapter 4 and in the back of the book. THE BANKING INDUSTRY Glossary: A short list of banking, mortgages and credit industry terms. Chapter 1: Major Trends Affecting the Banking, Mortgages & Credit Industry. This chapter presents an encapsulated view of the major trends that are creating rapid changes in the banking and lending industry today. Chapter 2: Banking, Mortgages & Credit Industry Statistics. This chapter presents in-depth statistics on banking, lending, credit, mortgages and more. Chapter 3: Important Banking, Mortgages & Credit Industry Contacts – Addresses, Telephone Numbers and Internet Sites. This chapter covers contacts for important government agencies,
professional organizations and trade associations. Included are numerous important Internet sites. THE BANKING & LENDING 300 Chapter 4: THE BANKING & LENDING 300: Who They Are and How They Were Chosen. The companies compared in this book (the actual count is 294) were carefully selected from the banking industry, largely in the United States. 72 of the firms are based outside the U.S. For a complete description, see THE BANKING & LENDING 300 indexes in this chapter. Individual Data Listings: Look at one of the companies in THE BANKING & LENDING 300’s Individual Data Listings. You’ll find the following information fields: Company Name: The company profiles are in alphabetical order by company name. If you don’t find the company you are seeking, it may be a subsidiary or division of one of the firms covered in this book. Try looking it up in the Index by Subsidiaries, Brand Names and Selected Affiliations in the back of the book.
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Ranks: Industry Group Code: An NAIC code used to group companies within like segments. (See Chapter 4 for a list of codes.) Ranks Within This Company’s Industry Group: Ranks, within this firm’s segment only, for annual sales and annual profits, with 1 being the highest rank. Business Activities: A grid arranged into six major industry categories and several sub-categories. A “Y” indicates that the firm operates within the sub-category. A complete Index by Industry is included in the beginning of Chapter 4. Types of Business: A listing of the primary types of business specialties conducted by the firm. Brands/Divisions/Affiliations: Major brand names, operating divisions or subsidiaries of the firm, as well as major corporate affiliations—such as another firm that owns a significant portion of the company’s stock. A complete Index by Subsidiaries, Brand Names and Selected Affiliations is in the back of the book. Contacts: The names and titles up to 27 top officers of the company are listed, including human resources contacts. Address: The firm’s full headquarters address, the headquarters telephone, plus toll-free and fax numbers where available. Also provided is the World Wide Web site address. Financials: Annual Sales (2007 or the latest fiscal year available to the editors, plus up to four previous years): These are stated in thousands of dollars (add three zeros if you want the full number). This figure represents consolidated worldwide sales from all operations. 2007 figures may be estimates or may be for only part of the year—partial year figures are appropriately footnoted. Annual Profits (2007 or the latest fiscal year available to the editors, plus up to four previous years): These are stated in thousands of dollars (add three zeros if you want the full number). This figure represents consolidated, after-tax net profit from all operations. 2007 figures may be estimates or may be for only part of the year—partial year figures are appropriately footnoted. Stock Ticker, International Exchange, Parent Company: When available, the unique stock market symbol used to identify this firm’s common stock for
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trading and tracking purposes is indicated. Where appropriate, this field may contain “private” or “subsidiary” rather than a ticker symbol. If the firm is a publicly-held company headquartered outside of the U.S., its international ticker and exchange are given. If the firm is a subsidiary, its parent company is listed. Total Number of Employees: The approximate total number of employees, worldwide, as of the end of 2007 (or the latest data available to the editors). Apparent Salaries/Benefits: (The following descriptions generally apply to U.S. employers only.) A “Y” in appropriate fields indicates “Yes.” Due to wide variations in the manner in which corporations report benefits to the U.S. Government’s regulatory bodies, not all plans will have been uncovered or correctly evaluated during our effort to research this data. Also, the availability to employees of such plans will vary according to the qualifications that employees must meet to become eligible. For example, some benefit plans may be available only to salaried workers—others only to employees who work more than 1,000 hours yearly. Benefits that are available to employees of the main or parent company may not be available to employees of the subsidiaries. In addition, employers frequently alter the nature and terms of plans offered. NOTE: Generally, employees covered by wealthbuilding benefit plans do not fully own (“vest in”) funds contributed on their behalf by the employer until as many as five years of service with that employer have passed. All pension plans are voluntary—that is, employers are not obligated to offer pensions. Pension Plan: The firm offers a pension plan to qualified employees. In this case, in order for a “Y” to appear, the editors believe that the employer offers a defined benefit or cash balance pension plan (see discussions below).The type and generosity of these plans vary widely from firm to firm. Caution: Some employers refer to plans as “pension” or “retirement” plans when they are actually 401(k) savings plans that require a contribution by the employee. x Defined Benefit Pension Plans: Pension plans that do not require a contribution from the employee are infrequently offered. However, a few companies, particularly larger employers in high-profit-margin industries, offer defined benefit pension plans where the employee is guaranteed to receive a set pension benefit upon retirement. The amount of the benefit is determined by the years of service with the
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company and the employee’s salary during the later years of employment. The longer a person works for the employer, the higher the retirement benefit. These defined benefit plans are funded entirely by the employer. The benefits, up to a reasonable limit, are guaranteed by the Federal Government’s Pension Benefit Guaranty Corporation. These plans are not portable—if you leave the company, you cannot transfer your benefits into a different plan. Instead, upon retirement you will receive the benefits that vested during your service with the company. If your employer offers a pension plan, it must give you a summary plan description within 90 days of the date you join the plan. You can also request a summary annual report of the plan, and once every 12 months you may request an individual benefit statement accounting of your interest in the plan. x Defined Contribution Plans: These are quite different. They do not guarantee a certain amount of pension benefit. Instead, they set out circumstances under which the employer will make a contribution to a plan on your behalf. The most common example is the 401(k) savings plan. Pension benefits are not guaranteed under these plans. x Cash Balance Pension Plans: These plans were recently invented. These are hybrid plans—part defined benefit and part defined contribution. Many employers have converted their older defined benefit plans into cash balance plans. The employer makes deposits (or credits a given amount of money) on the employee’s behalf, usually based on a percentage of pay. Employee accounts grow based on a predetermined interest benchmark, such as the interest rate on Treasury Bonds. There are some advantages to these plans, particularly for younger workers: a) The benefits, up to a reasonable limit, are guaranteed by the Pension Benefit Guaranty Corporation. b) Benefits are portable—they can be moved to another plan when the employee changes companies. c) Younger workers and those who spend a shorter number of years with an employer may receive higher benefits than they would under a traditional defined benefit plan. ESOP Stock Plan (Employees’ Stock Ownership Plan): This type of plan is in wide use. Typically, the plan borrows money from a bank and uses those funds to purchase a large block of the corporation’s stock. The corporation makes contributions to the plan over a period of time, and the stock purchase
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loan is eventually paid off. The value of the plan grows significantly as long as the market price of the stock holds up. Qualified employees are allocated a share of the plan based on their length of service and their level of salary. Under federal regulations, participants in ESOPs are allowed to diversify their account holdings in set percentages that rise as the employee ages and gains years of service with the company. In this manner, not all of the employee’s assets are tied up in the employer’s stock. Savings Plan, 401(k): Under this type of plan, employees make a tax-deferred deposit into an account. In the best plans, the company makes annual matching donations to the employees’ accounts, typically in some proportion to deposits made by the employees themselves. A good plan will match onehalf of employee deposits of up to 6% of wages. For example, an employee earning $30,000 yearly might deposit $1,800 (6%) into the plan. The company will match one-half of the employee’s deposit, or $900. The plan grows on a tax-deferred basis, similar to an IRA. A very generous plan will match 100% of employee deposits. However, some plans do not call for the employer to make a matching deposit at all. Other plans call for a matching contribution to be made at the discretion of the firm’s board of directors. Actual terms of these plans vary widely from firm to firm. Generally, these savings plans allow employees to deposit as much as 15% of salary into the plan on a tax-deferred basis. However, the portion that the company uses to calculate its matching deposit is generally limited to a maximum of 6%. Employees should take care to diversify the holdings in their 401(k) accounts, and most people should seek professional guidance or investment management for their accounts. Stock Purchase Plan: Qualified employees may purchase the company’s common stock at a price below its market value under a specific plan. Typically, the employee is limited to investing a small percentage of wages in this plan. The discount may range from 5 to 15%. Some of these plans allow for deposits to be made through regular monthly payroll deductions. However, new accounting rules for corporations, along with other factors, are leading many companies to curtail these plans—dropping the discount allowed, cutting the maximum yearly stock purchase or otherwise making the plans less generous or appealing. Profit Sharing: Qualified employees are awarded an annual amount equal to some portion of a company’s profits. In a very generous plan, the pool of money awarded to employees would be 15% of
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profits. Typically, this money is deposited into a long-term retirement account. Caution: Some employers refer to plans as “profit sharing” when they are actually 401(k) savings plans. True profit sharing plans are rarely offered. Highest Executive Salary: The highest executive salary paid, typically a 2007 amount (or the latest year available to the editors) and typically paid to the Chief Executive Officer. Highest Executive Bonus: The apparent bonus, if any, paid to the above person. Second Highest Executive Salary: The nexthighest executive salary paid, typically a 2007 amount (or the latest year available to the editors) and typically paid to the President or Chief Operating Officer. Second Highest Executive Bonus: The apparent bonus, if any, paid to the above person. Other Thoughts: Apparent Women Officers or Directors: It is difficult to obtain this information on an exact basis, and employers generally do not disclose the data in a public way. However, we have indicated what our best efforts reveal to be the apparent number of women who either are in the posts of corporate officers or sit on the board of directors. There is a wide variance from company to company. Hot Spot for Advancement for Women/Minorities: A “Y” in appropriate fields indicates “Yes.” These are firms that appear either to have posted a substantial number of women and/or minorities to high posts or that appear to have a good record of going out of their way to recruit, train, promote and retain women or minorities. (See the Index of Hot Spots For Women and Minorities in the back of the book.) This information may change frequently and can be difficult to obtain and verify. Consequently, the reader should use caution and conduct further investigation where appropriate. Growth Plans/ Special Features: Listed here are observations regarding the firm’s strategy, hiring plans, plans for growth and product development, along with general information regarding a company’s business and prospects. Locations: A “Y” in the appropriate field indicates “Yes.” Primary locations outside of the headquarters, categorized by regions of the United States and by international locations. A complete index by locations is also in the front of this chapter.
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Chapter 1 Trends Affecting the Banking, Mortgages & Credit Industry
Trends Affecting the Banking, Mortgages & Credit Industry 1) Introduction to the Banking, Mortgages & Credit Industry 2) Nationalization of Banks Worldwide 3) Giant Mergers Change the Face of Global Banking 4) U.S. Government Seizes Fannie Mae and Freddie Mac 5) Banks Adopt Sophisticated Technology and Retail Perks to Attract Customers 6) Banks Vie for Previously Underserved Markets and Focus on Hispanics 7) Japan’s Parliament Agrees to Privatize the Japan Post—One of the World’s Largest Financial Services Organizations 8) China’s Banking Market Loomed Large But May Slow in a Tight Economy 9) India’s Banking Restrictions Slow Foreign Investment 10) ATMs Evolve from Cash-Dispensing Machines into Financial Services Depots 11) Credit Default Swaps (CDS) Soar into the Trillions of Dollars 12) Banks See Growth in Online Services
13) Credit Card Debts Could be the Next Big Problem/Credit Card Competition is Fierce 14) Credit Card Technologies Advance with Better Security and Contactless Payment 15) Smart Phones May Replace Smart Cards/Mobile Banking Grows 16) Subprime and Alt-A Mortgages Burn Lenders and Overburdened Borrowers 17) Mortgage Originations Fall 18) Mortgage Market Facts 1)
Introduction to the Banking, Mortgages & Credit Industry The financial services industry (banking, lending, credit cards, investments and insurance) was suffering miserably on a global basis as 2008 wound to a close, in the midst of what will be remembered in business history books as the “Great Financial Crisis of 2008.” Hopefully, central banks of governments worldwide have acted aggressively enough and powerfully enough to keep the financial crisis of 2008 from evolving into a “great depression of 2009.” However, the turnaround of the world’s economy and a rebound of the banking and investment system will take a long and trying time.
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How did this disaster occur? Multiple factors were involved, many of which began as long ago as 2001, including: x x x x x x
x
x
An era of loose lending rules for business loans. Incredibly easy credit for consumer loans, including mortgages, automobile loans and credit cards. Exceptionally low interest rates. A multi-year, worldwide economic boom that encouraged risk-taking by borrowers and lenders alike. A multi-year, worldwide jump in market prices for stocks, houses and commodities that further encouraged risk-taking and easy lending. Booming global markets for manufactured goods and for commodities such as oil created immense cash reserves in emerging nations, and much of those reserves were eagerly invested in debt instruments of all types, further fueling lending. Investors in debt-backed securities were lured into a false sense of security by overly optimistic ratings placed on those securities. Many of very highly rated mortgage packages turned out to be of little value. Meanwhile investors often thought their risks were well-covered by “credit default swaps (CDS),” a type of insurance that will pay off if a debtor defaults. However, the CDS are only as good as the finances of the company backing them. Investment banks, such as Lehman Brothers, were overextended, operating with very high leverage. Typically, they were holding assets of about 30 times their total level of capital. That means that they were borrowing heavily, at a rate of about $97 for every $3 of capital, and that a downward turn in asset values could quickly have devastating effects on their balance sheets.
Finally, in mid-2007, the bubble began to pop when a financial firm in Europe awoke to find that there was no longer an eager market for the mortgage-backed securities that it wanted to unload. The world of finance entered a downward spiral. It would be easy, but incomplete, to point the blame at the United States. America is an easy target for blame—as the world’s largest economy by far, America’s economic bust has affected lenders, businesses and investors on a worldwide basis. Of course, those lenders, businesses and investors also benefited broadly, and gleefully, from America’s tremendous boom from 2003 through most of 2007.
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America’s soaring housing market and easy credit led to the creation of poorly-conceived mortgages and mortgage securities. Investors who bought them have suffered. However, eager lenders, rocketing house prices, easy mortgages, aggressive construction of houses and high consumer debt were found not only in America, but were also matched or even exceeded in nations like the U.K. and Spain, and in major cities in nations such as Australia and Canada. Housing markets, stock markets and risktaking rose to absurd levels in cities in Russia, China and India as well. The U.S. did have a unique impetus to its mortgage market: In recent years, Congress had unwisely pushed the mortgage industry, including government-sponsored mortgage banks Fannie Mae and Freddie Mac, to make home ownership easier to attain for people of modest income. Banking has become a globalized industry in recent decades, in the same way that the automobile, pharmaceutical, technology, energy and consumer goods industries have globalized. The globalization of the banking industry was fueled by four factors: 1) the availability of global electronic networks for distribution of funds and real-time management information; 2) the easing of local regulations on ownership by foreign entities; 3) the opportunity to serve the needs of multinational corporations; and 4) the increasing attractiveness, from a banker’s point of view, of business assets and rising household wealth in emerging economies. New business opportunities were sought out globally by major banks, especially in such booming markets as China and India. U.S. and European banks particularly took ownership in Chinese banks. Elsewhere, Spanish banks acquired banking firms in South America, Mexico, Puerto Rico and the United States (particularly in Hispanic markets within the U.S.). German and Italian banks merged to form European banking giants. In Europe, major bank holding companies made significant acquisitions and cross-border investments while relying more and more on technology to make operations efficient. European Union regulations led to the cleaning up of balance sheets at Europe’s banks and the implementation of better accounting practices. At the same time, the EU is attempting to change regulations to make banking across the region as seamless and consistent as possible. As of mid 2008, the American banking system consisted of 8,451 FDIC-insured commercial banks and savings associations owning about 83,360 offices (down from about 86,000 one year earlier). Deposits in FDIC-insured organizations totaled $7.42 trillion
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in June 2008 (down from $8.04 trillion in June 2007), while assets totaled $11.43 trillion (down from $12.26 trillion one year earlier). In addition, as 2008 began, there were 8,101 credit unions with assets totaling $758 billion. U.S. employment at banks, savings associations and credit unions totaled about 1.831 million in September 2008, down from 1.838 million one year earlier. Another 648,600 worked in other creditrelated activities, such as mortgages and credit card operations. Significant reductions in employment in these offices will occur in late 2008 and 2009. Meanwhile, as of 2007, U.S. consumers enjoyed the use of 415,321 ATMs around the nation, including 236,732 at non-bank locations. American banking, until recently, enjoyed a state of deregulation not seen in decades. As a result, vast, national banking institutions grew rapidly by acquiring regional banking firms, entering new fields, increasing assets and expanding globally. The number of branch banks expanded as firms opened not only traditional branches but also branches in alternative locations such as supermarkets and WalMart stores. Hundreds of thousands of ATMs across America became more sophisticated and multi-task capable, making them virtual branches. Meanwhile, consumers and businesses are becoming much more reliant on online management of their bank accounts as the number of homes and businesses enjoying broadband access to the Internet has reached true mass-market scope. Over 100 million U.S. homes and businesses now have broadband, and banks are evolving their online services to take advantage of this infrastructure. Non-bank companies remain a competitive threat to traditional banks. Retailers, automobile manufacturers, stock brokers, insurance companies and other business sectors are offering a growing array of bank-like services, from loans and mortgages, to credit cards, to money market accounts with checking account-like features. The credit card industry is evolving as well. A truly revolutionary wave of “smart” cellular phones that act like debit cards and manage financial accounts is sweeping Asia and slowly taking root in Europe and the U.S. Around the world, some major bank companies are using special units to provide services that conform to the tenets of Islam in order to take advantage of the rapidly growing Muslim population and the growing income of oil-producing Muslim nations and Muslim-owned businesses. (The Islamic concept of “Sharia” strictly limits the use of interest
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charges. Instead, many business deals must be structured on lease, rent or other alternative contracts in order to be acceptable.) Many Muslim-owned banks are competing fiercely while enjoying soaring growth. In our research published during 2005, 2006 and 2007, Plunkett Research consistently warned of the high debt levels carried by American consumers and of the pending difficulties in the mortgage market due to lax lending practices and adjustable interest rate loans. By late 2007 a high level of defaults and foreclosures had clearly come home to roost, creating significant turmoil in banking and credit markets both in the U.S. and abroad. As of August 2008, American households owed more than $2.57 trillion in consumer debt, such as auto loans and credit card debt, up from $1.99 trillion at the end of 2002. The 2008 total is more than triple the amount owed in 1990: $808 billion. Growth in residential mortgages has been even faster. At the end of 2002, total mortgages outstanding in the U.S. for single-family homes and properties of up to four residential units totaled $6.4 trillion. By mid 2007, that amount had ballooned to $10.7 trillion, according to the Federal Reserve. This was an unprecedented growth rate totaling 67.1% over five years. By June 2008, the amount had grown to $11.25 trillion. This is more than four times the amount owed in 1990: $2.61 trillion. Up until early 2007, mortgage lenders had been pushing a long list of innovative products designed to make it easier to borrow while lowering monthly payment and credit rating requirements. Some of these mortgage variations were bound to lure consumers into self-destructive borrowing and buying as they paid too much for properties while diving deeply into debt. These products ranged from zero-down mortgages to 40-year, fixed-rate loans to “option” loans that allow the borrower to defer a large part of each month’s payment. Many home owners now find themselves vastly overleveraged as a result of such mortgages. Banks, investment houses and investors of all types have written off hundreds of billions of dollars in mortgages during 2007 and 2008 as a result. The residential mortgage and construction markets are in a deep slump and will remain so for some time to come. What’s next in the world of banking and lending? Here are a few emerging trends to watch for: 1) Greatly increased regulatory oversight will restrict lenders of all types.
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2) An era of much lower risk-taking by traditional lenders has begun that will last for years. 3) The creation of higher-risk loans and investments will taken over to a major extent by hedge funds and private equity funds, accelerating a trend that has already been in place for some time, and replacing some of the former roles of commercial banks and investment banks. 4) Intense debate will ensue about the possible creation of a global authority that could oversee banking, lending and investment sectors from a high level and perhaps act quickly to commit the central banks of the richest nations as a cohesive force in the event of emergencies. 5) Alternative lending sources will be used to a growing degree by small businesses and some consumers unable to get loans elsewhere. For example, peer-to-peer lending companies are growing through enabling lending by and between members of lending clubs, or between friends and family. Virgin Money USA makes it easy for reliable small business owners to set up loans from friends. Prosper.com enables borrowers to apply for three-year, fixed-rate personal loans online by connecting borrowers with individual lenders. On the other end of the spectrum, small businesses that are unable to obtain or renew bank loans will turn to high-cost “factoring,” a method of borrowing against their receivables. 6) A lengthy and expensive process of writedowns by lenders will continue. Chris Flanagan, an analyst at JP Morgan Securities, estimated in late 2008 that the potential total of bad debts that need to be written off by lenders worldwide stood at $1.7 trillion. The International Monetary Fund (IMF) estimated the potential loss at $1.4 trillion in October 2008. The final toll could be even worse than these numbers, given the fact that significant losses from credit card debts, automobile loans, junk-rated corporate bonds and shaky municipal bonds will occur in 2009 and 2010. Source: Plunkett Research, Ltd. Internet Research Tip- U.S. Banking: For an easy-to-use synopsis of U.S. banking statistics, go to the FDIC (Federal Deposit Insurance Corporation) web site: www.fdic.gov. From there, go to the Industry Analysis tab and on to Statistics at a Glance. A date selector will enable you to look at historic as well as current numbers.
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2)
Nationalization of Banks Worldwide The global financial crisis of 2008 left governments with little choice but to prop up leading banks with additional capital. This quickly resulted in a partial nationalization (that is, government ownership and/or control) of a long list of the world’s leading banks. The methods of government investment, control or ownership varied widely from one nation to the next. These bailouts of banks via loans and injection of capital were crafted quickly and under duress, in the hopes of avoiding a run on banks and a further meltdown of the world’s financial network. In the small island nation of Iceland, perhaps the single hardest-hit country, all of the leading banks were taken over completely by the government. Elsewhere, the governments of The Netherlands, Belgium and Luxemborg joined forces to rescue the operations of financial giant Fortis. In the U.K., the government quickly moved to purchase major stakes in the most important banks, including the Royal Bank of Scotland (RBS), and the two firms of Lloyds TSB and HBOS which intend to merge. Top bank executives were forced out as part of the deal, and tough demands were made in exchange for loans and recapitalization. Government representatives will sit on the boards of the institutions. Banks will not be allowed to pay dividends to common shareholders while utilizing bailout funding. In the U.S., however, banks receiving bailouts retained the right to pay common dividends, and CEOs were not required to resign, although their pay will be regulated to some extent. Worldwide, even in the safe banking haven of Switzerland, governments made loans, capital, deposit guarantees and loan repayment guarantees available to the tune of trillions of dollars. Such intense government activity and investment will lead to much higher levels of regulation and regulatory oversight than in the past. Banks will not only find it harder to lend, they will also find it harder to earn handsome profits. It will take years for banking to return to a somewhat normal state, and the total costs and benefits of heightened government investment in banks remains to be seen. 3)
Giant Mergers Change the Face of Global Banking The financial crisis of late 2008 brought about quick mergers and acquisitions of immense proportions, leaving a stalwart few still standing among global banks. In the U.S., Bank of America
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Corp., J.P. Morgan Chase & Co. and Citigroup are the Big Three in deposits, followed by Wells Fargo, SunTrust Banks, U.S. Bancorp and National City. Internationally, Germany’s Deutsche Bank AG, France’s BNP Paribas and Societe General, the U.K.’s Royal Bank of Scotland Group PLC and HSBC Holdings and Switzerland’s Credit Suisse Group are among the largest in deposits. 2008 was a year that rocked the U.S. banking industry as unprecedented mergers took place. First, J.P. Morgan Chase (Chase) acquired investment bank Bear Stearns for $1.1 billion in May. Then in September, Bank of America took over investment bank Merrill Lynch for $40 billion. That same month, Chase took over the giant savings bank Washington Mutual (WaMu) after U.S. federal regulators seized WaMu’s assets and sold them for $1.9 billion. Next, in a highly contested takeover, Wells Fargo acquired Wachovia for $12 billion. Wachovia was initially to be acquired by Citigroup in a U.S. government-backed transaction brokered by the Federal Deposit Insurance Corp. (FDIC), but instead went to Wells Fargo which made a private bid. These takeovers came on the heels of 15 FDICinsured bank closings in the first 10 months of 2008. Overall, the FDIC insured 8,399 banking institutions as of October 2008, down from 8,615 in mid-2007 and an all-time high of 9,066 in 2004. Further consolidation of the banking industry will occur. In particular, watch for important regional banks to be snapped up. Sovereign Bankcorp, an important regional firm in Philadelphia, was acquired in October 2008 by Banco Santander of Spain. On the international front, the largest acquisition in history was agreed to in October 2007, when Royal Bank of Scotland (RBS) along with Spain’s Santander and Belgium’s insurance and banking giant Fortis cooperated in the acquisition of banking giant ABN Amro for $101 billion. Their timing couldn’t have been worse, and the price they paid was steep, both in terms of the amount paid for ABN Amro and in the resulting effect on Fortis and RBS. As part of the acquisition, Santander, a stronger bank than most, took control of ABN’s Latin America divisions with some success, while ABN Amro’s main banking business, split between RBS and Fortis, has been devastated by the recent credit crisis. The result is Fortis’ ultimate demise and RBS being forced to accept a massive injection of capital from the U.K. government, which will make the government a controlling shareholder of the firm. Meanwhile, the collapse of the banking arm of Fortis brought about another merger of staggering
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proportions. In September 2008, Fortis received an emergency capital injection of roughly $15.2 billion from the governments of The Netherlands, Luxemburg and Belgium, in exchange for a 49% interest in the firm. In early October 2008, the bank faced a capital crisis to the extent that it was no longer able to operate. The Dutch government seized its operations in that country, and the Belgian government arranged a $20 billion sale of what was left of Fortis to French banking giant BNP Paribas, which is now the largest bank in Europe based on deposits. A major U.S. financial institution that was not bailed out by the federal government was investment bank Lehman Brothers. The firm declared bankruptcy in September 2008 due to its heavy involvement in subprime and prime mortgages along with its immense liabilities in credit default swaps, among other problems. Unsuccessful attempts were made by the firm to raise capital including plans to spin off its commercial real estate holdings into a new public company and a scheme to sell a majority of its investment management division which could have generated as much as $3 billion. After Lehman’s bankruptcy, U.K. banking giant Barclays announced its intention to buy Lehman’s U.S. capital markets division for a mere $1.75 billion while Japan’s Nomura Holdings agreed to purchase a number of the Lehman’s European, Middle Eastern and Asian assets. In addition, private equity companies Bain Capital and Hellman & Friedman planned to spend $2.15 billion on Lehman’s money management concerns, including Neuberger Berman, a lucrative asset management subsidiary. 4)
U.S. Government Seizes Fannie Mae and Freddie Mac With American foreclosure rates skyrocketing, the U.S. government took the historic step of taking control of mortgage giants Fannie Mae and Freddie Mac, which collectively facilitate about 75% of new home mortgages. The unprecedented action, announced in September 2008, included the U.S. Treasury’s acquisition of $1 billion of preferred shares in each company, the pledge of as much as $200 billion in capital to cover losses on mortgage defaults and a conservatorship regulated by the Federal Housing Finance Agency (FHFA). Another caveat of the takeover was the immediate dismissal of both agencies’ CEOs, Daniel H. Mudd of Fannie Mae and Richard Syron of Freddie Mac. The Treasury department justified the takeover by estimating that $5 trillion of debt and mortgage-
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backed securities issued by the two lenders is owned by central banks and other global investors. If either firm had defaulted, global economic chaos would have been the likely outcome. The Treasury Department had already received authority from the U.S. Congress in July 2008 to make necessary loans or equity investments in the hopes that investor confidence would rally. Unfortunately, confidence in Freddie and Fannie deteriorated further. The seizures were preceded by the seizure of California mortgage lender IndyMac Bancorp, Inc. by the Office of Thrift Supervision in July 2008. As with the Freddie Mac and Fannie Mae takeovers, the FDIC served as the bank’s conservator. As such, it renamed the bank “IndyMac Federal Bank” and sought a buyer. Prospect Mortgage quickly stepped up and acquired some of the assets of the bank in August 2008. The crisis at IndyMac is the result a run by depositors who had lost confidence in the institution, leaving it short on cash. IndyMac’s demise was a harbinger of things to come and a clear illustration of the liquidity problems currently facing most major banks worldwide. 5)
Banks Adopt Sophisticated Technology and Retail Perks to Attract Customers Banks around the world have invested heavily in technologies that target likely customers for the growing list of products and services that includes everything from checking accounts to mortgages to insurance policies. Once found, those potential customers are lured with a slew of perks such as retail gift cards, airline tickets or other awards based on points earned for using bank services. Industry analysts estimate that almost 10 million people are participating in awards-for-points programs at banks in the U.S. alone. These point programs are often aimed at encouraging the use of multiple products within the bank. After all, credit card firms have found great success in using points to build card loyalty. Specific demographic groups may be targeted with such programs. For example, large banks have a growing interesting in targeting teenagers. Mining customer data has been a heavily used practice among retailers for years, but banks have only recently caught on. Bank of America invested significantly in consumer data to attempt to predict customer behavior. By observing buying patterns, bank salespeople can anticipate when to approach existing customers for new products and services. Santander Central Hispano, one of the largest banks in Spain, implemented a program that performs
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thorough online analysis of customers’ earning and spending patterns. Once profiled, customers are approached by bank staff regarding new products and services that may be of interest. As for customer perks, many banks are offering free merchandise or travel to their account holders. At Citibank a program called the “Thank You Network” assigns points to customers for making check-card or credit card purchases, using direct deposit or opening a certificate of deposit. Customers can redeem awards starting at 1,000 points for a dizzying variety of merchandise such as DVDs, CDs, tools, housewares, electronics and air travel. 40,981,400 points will get you a 37-foot Sea Ray 340 Sundancer power boat. Cleveland, Ohio headquartered National City offers a similar program called “Points from National City” and Banco Popular has its “Premia” program. For the banks that do offer these programs, interesting new business opportunities have arisen to support the need for point tracking and award selection and redemption. MasterCard, Inc.’s Loyalty Solutions Worldwide group, for example, offers technology and consulting services relating to these needs. The financial crisis of 2008 will have interesting effects on banks’ marketing and loyalty efforts. Consumers and businesses were quick to move their money to banks that were perceived to be stronger than others. Meanwhile, many banks will be forced to reduce marketing budgets, due to poor profits, while they nonetheless must compete aggressively in order to retain or obtain customers. Bank industry suppliers offering revolutionary or cost-effective loyalty and marketing programs have an opportunity to prosper. 6)
Banks Vie for Previously Underserved Markets and Focus on Hispanics In the U.S. there are an estimated 12 million households without bank accounts. An additional 38 million are estimated to be “underbanked,” meaning individuals and/or households with very low credit scores or no credit at all. Up until very recently, this market was not actively pursued by banks. However, credit card company Visa believes that $1 trillion per year is paid, by employers or other sources, to people with no bank accounts, the underbanked and unregistered immigrants. Those with no bank accounts must seek financial services from Western Union and other firms that wire consumer funds to family members in other nations, check-cashing services, sellers of money orders and
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so-called “payday lenders,” which charge exorbitant interest rates and fees. In fact, there is tremendous profit potential in providing simple financial services to consumers who have historically spurned traditional bank accounts. Citibank partners with the 7-Eleven chain of convenience stores to operate Citibank-branded cash machines in more than 5,700 stores. The machines offer wire transfers, check cashing and bill payment at much lower fees than charged by payday lenders. JPMorgan Chase is also hoping to lure this market with a “direct-benefit card,” which allows the unbanked to receive government tax credits on a debit card rather than by check. In the U.S., the Hispanic population is rapidly expanding while growing in household wealth and buying power. Between 2004 and 2010, Hispanics are expected to increase their share of the U.S. population from 13.3% to 15.5%, while at the same time increasing their spending power from $700 billion to $1 trillion yearly. This segment of the population may be largely underserved. Of all Hispanic adults in the United States, only 65% have checking accounts, in contrast to the rest of the populace at 95%. Marketing to the Hispanic segment involves a number of special initiatives and new services, including signage in Spanish and Spanishspeaking employees at hand. Special marketing campaigns aimed at Hispanic consumers are evolving as well. Bank of America and Citibank have both designated “Hispanic” branches in locations where the percentage of Hispanics is particularly high. Most of these lie within Arizona, California, Florida, New Mexico, New York and Texas, where Hispanic families are the highest in number. Wells Fargo, which has a very strong presence in many of these areas, has gone even further. It accepts matricula cards (a form of identification that can be obtained from Mexican consulates) as a viable identification for opening a bank account. Challenging the huge American-owned banks are U.S. operations of foreign banks headquartered in Spanish-speaking nations. Banco Bilbao Vizcaya Argentaria (BBVA), headquartered in Bilbao, Spain, has for years been making advances into Latin America, and one of its subsidiaries, Grupo Financiero BBVA Bancomer, is the largest bank in Mexico. The firm also has operations in Cuba, Puerto Rico, the Dominican Republic and Panama. Seeing opportunity north of the border, BBVA set up offices in Miami and New York City, purchased the Valley Bank of Moreno Valley, California, and also
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acquired Laredo National Bancshares, Texas Regional Bankcshares and State National Bancshares in Texas, and Compass Bank in Alabama. In another instance, Popular, Inc., owner of Banco Popular, the largest bank in Puerto Rico, and one of America’s top 50 bank holding companies, began operations in the continental United States in the 1960s. Its operations remained small until recently. By making acquisitions in six U.S. states, including locations in Southern California and Miami, Florida, the firm has beefed up its presence in its core business markets, including markets with heavy Hispanic populations such as Houston, Texas. Banco Santander Central Hispano, based in Spain, is one of the world’s largest bank holding companies. A long string of acquisitions has made Santander the largest banking firm in Latin America, including a strong presence in Mexico. Banking subsidiaries include Banco Santander-Chile in Chile, Banco Rio de la Plata in Argentina, Grupo Financiero Santander Mexicano in Mexico, Banco do Estado de Sao Paulo in Brazil and Santander BanCorp in Puerto Rico. Santander has a private banking office in Miami and investment banking operations in New York. Also, the firm purchased one of Britain’s largest mortgage lenders, Abbey National. Globally, Santander has more than 132,000 employees, 11,170 branches and 65 million customers. The greatest point of competition in financial services for the Hispanic market is money transferring. Remittances sent from the United States to Latin America (that is, money sent by a U.S. worker to the family back home in Mexico or elsewhere) total more than $30 billion yearly. Banks have as yet made little impact in this market, around 90% of which is held by money-transfer pioneer Western Union, a firm that enjoys more than $4.9 billion in annual revenues. BBVA Bancomer (a Mexican subsidiary of BBVA) and Popular, Inc. have both made entries with check-cashing and moneytransfer outposts, but their share of the market is still very small. Generally, banks require identification to transfer money to another nation via wire, whereas Western Union does not. For the estimated nine to 12 million illegal immigrants in the United States, this is a major consideration. Chexar Networks, Inc. offers a check-cashing technology platform called Smart Score that combines an intuitive database with a Live Risk Management Center to underwrite and authorize all types of checks including payroll, government and personal, with particular emphasis on the Hispanic market. Chexar was formerly Banuestra Financial
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Corporation, which was formerly El Banco Financial Corporation. The firm originally opened 12 storefront locations in Georgia to cater to the Hispanic market. The storefronts provide checkcashing service at reasonable fees. In addition, they offer simple bank accounts with no check books. Instead, customers can cash checks, have immediate access to funds without waiting for checks to clear and no risk of bounced checks since they have no check books. Fees average about $40 per month per customer. In 2007, Chexar sold the 12 branch locations to The Peoples Bank of Winder, Georgia so that it can focus on its technology platform. Yet another underserved market for financial services is comprised of teens and children. Many banks are hoping to foster brand awareness in children that will evolve into long-term relationships as the children become adults. U.S. Bancorp offers savings accounts to children as young as five years old. Pint-sized account holders receive stick-on tattoos when they make deposits in any amount and music downloads when they reach $100 in savings. USAA has a First Start Growth mutual fund for children wanting to invest as little as $20 (the fund has total assets of $175 million and invests in stocks that children are likely to know such as PepsiCo and Google). 7)
Japan’s Parliament Agrees to Privatize the Japan Post—One of the World’s Largest Financial Services Organizations Japan is not only the world’s third-largest economy, behind the U.S. and Germany; it also operates one of the world’s largest public banking systems as part of its widely-watched post office system, the Japan Post. The Post not only delivers mail, it also sells insurance, sells lottery tickets in the form of lottery stamps and postcards, and runs the Postal Savings. The Japan Post is a mammoth organization. At its largest (before privatization began splitting it up) it had 24,700 offices, 260,000 employees and an amazing $2.8 trillion in assets, including $1.9 trillion in banking assets. In addition, the insurance unit of the Post is Japan’s largest insurance firm, with $1.1 trillion in assets. This vast asset base has long been a pool of money that politicians have used to create loans to and investments in their favorite projects. Undoubtedly, the operations of this financial services behemoth would be much more efficiently run, and its funds would be much better invested, if it was freed from political patronage and government guidance.
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In 2005, the upper house of the Japanese Parliament passed a reform bill that will eventually privatize this insurance and banking side of the Post, which is by some measures the world’s largest financial institution. Initially, Japan Post Holdings, a state-funded organization, took control, creating separate units for savings, insurance, postal services and personnel/property. The four new entities are Japan Post Service Co., Japan Post Network Co., Japan Post Bank Co. and Japan Post Insurance Co. Beginning in 2007, each of these units are gradually being sold off and privatized. The privatization will be completed by 2015. This landmark reform was a major victory for former Prime Minister Junichiro Koizumi who largely staked his political future on his ability to get the measure passed. Now, it remains to be seen whether reform and privatization can be pushed through in other major sectors such as health care. Meanwhile, privatizing the Post means that more competition and greater opportunities for other banking and insurance organizations will emerge. 8)
China’s Banking Market Loomed Large But May Slow in a Tight Economy Virtually every major bank holding company wanted a piece of the action in China’s banking sector, where a booming industrial base, rising consumer incomes and a rapidly growing base of middle class and affluent households meant lots of new business. Over the long term, the Chinese economy offers tremendous potential for the banking industry. Goldman Sachs projects the number of individuals in China with annual incomes of over $3,000 will multiply ten times over between 2005 and 2015. China is ripe for the introduction of a broad array of financial outlets, products and services, from credit cards to insurance to mortgages and personal loans. Major financial organizations making investments in or partnerships with banks in China at one time included Royal Bank of Scotland (Bank of China), General Electric (Shenzhen Bank), Deutsche Bank (Hua Xia Bank), Temasek Holdings (Bank of China and China Construction Bank) and American Express, Deutsche Bank and Allianz (Industrial and Commercial Bank of China). A wave of American and European banks bought interests in major Chinese banks. For example, Bank of America paid $3 billion for a 9% stake in the China Construction Bank, one of China’s top four banks and, in October 2005, the first bank to make a public offering of stock. Bank of America’s involvement gave the China Construction Bank an
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opportunity to receive top-notch advice for modernization of the bank’s systems and practices. Meanwhile, the value of Bank of America’s investment had multiplied several times by 2008. 2008’s financial crisis may bring about sales of western interests in Chinese banks. Although most of those investments have yielded excellent returns, banks in the U.S., Europe and elsewhere are facing billions of dollars in write-downs related to defaulting loans. The influx of capital generated by the sale of assets in China may well become a necessity. Until 2003, China’s banks were 100% stateowned, generally inefficient and subject to extensive corruption and misallocation of funds. Chinese banking regulators formerly required that foreign investors hold no more than 20% of a Chinese bank. However, Citigroup challenged the requirement with a $3.1 billion bid for 85% of Guangdong Development Bank, which was completed in December 2006. The deal allows Citigroup to select the bank’s board of directors and restructure its business. However, the bulk of Citigroup’s investment is held by the company’s Chinese partners, State Grid Corp. and China Life Insurance Co. Technically, Citigroup holds less than 20% of the bank’s shares, even though it runs the bank’s day to day operations. Meanwhile, China has overhauled and, to some extent, modernized its banking system while cleaning up the balance sheets of Chinese banks. The government injected $283 billion into China’s banks from 1998 through 2005 so they could write-off their massive amounts of non-performing loans. This is somewhat analogous to the intense cleansing of Japan’s banks in recent years. Many banks in China are hoping to use mortgages and other kinds of loans to stimulate consumer spending, a concept that has been historically shunned by the Chinese people. Mortgages have been available only since the late 1990s, and have been slow to catch on. China Construction Bank Corp., the largest issuer of mortgages in China, has only 20% of its total loans made up of mortgages.
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Spotlight: Industrial & Commercial Bank of China Industrial and Commercial Bank of China (ICBC) is one China’s four largest banks, with over $1.3 trillion in assets under management. The company operates a network of more than 16,400 branches in China, as well as over 100 abroad, including locations in Singapore, Japan, South Korea, Germany, Russia, Luxembourg, Kazakhstan, the U.K., the U.S. and Australia. ICBC also maintains relationships with 1,160 correspondent banks, and provides financial service in renminbi and foreign currencies to wholesale, retail, e-Commerce and international businesses. The firm has over 8 million corporate clients and more than 150 million individual clients; while 1.88 million are members of the company’s high-end banking program, the Elite Club. 10% of the bank is owned by a consortium formed by Goldman Sachs Group, Allianz AG Holding and American Express which paid $3.8 billion in 2006. The bank successfully made one of the largest IPOs in history in October that same year, raising $21.9 billion. 9)
India’s Banking Restrictions Slow Foreign Investment Despite the fact that India’s annual bank industry revenue is expected to reach $35 billion by 2011, foreign-owned banks from the U.S., U.K. and elsewhere are expanding into India at a remarkably slow rate. Generally, foreign investors are allowed up to 49% ownership of private banks in India and 20% of state banks. Also, the Reserve Bank of India (the country’s central bank) generally allots banks with foreign investors the right to open no more than 10 new branches per year. These restrictions are in place so that state-owned Indian banks will have the luxury of a few years’ breathing space to expand their business and increase their assets before competing openly with larger foreign banks. Indian banks were recording average annual growth in profits of more than 25% up until the banking crisis of 2008, while credit cards, car loans and home loans had been booming at a growth rate of more than 50% per year. ICICI Bank Ltd. is India’s largest bank in market value, and is 40% owned by foreigners while HDFC Bank Ltd. is 26% foreign owned. Meanwhile, foreign investment banks have made great strides. In particular, these investment banks seek to gain market share of lucrative IPO, merger and acquisition transactions within India. The U.K.’s Barclays PLC plans to double its equity in Indian
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concerns and launch corporate and retail banking services. In late 2008, Barclays announced plans to open a wealth management business in India, while at the same time considering selling some of its interests in Spain. 10)
ATMs Evolve from Cash-Dispensing Machines into Financial Services Depots State-of-the-art automated teller machines now enable customers to log in and view their accounts, manage investments, order additional bank services and even conduct fee-generating consumer purchases. ATMs continue to offer a growing number of banking services at any hour of the day or night. Since 2006, ATMs can accept deposits without an envelope. Previously, ATM deposits were made by placing cash or checks in an envelope and inserting that envelope into the machine after entering the amount on a keypad. Transactions required human verification of the amount entered, which is expensive and time consuming. The new technology scans checks and counts cash, thereby eliminating the time and expense of bank teller’s attention. Checks can be displayed graphically on the machine’s screen, and an image of the check is printed on the customer’s receipt. The process makes it possible for funds to reach the user’s account more quickly while reducing deposit fraud. A consulting unit of Master Card International, Inc. estimates that deposits made by envelope at ATMs cost approximately $1.70 each to process with human intervention. The scanned version costs a mere 40 cents. The process is accepted thanks to the October 2004 Check Clearing for the 21st Century Act (Check 21), which allows financial institutions to clear checks electronically without forwarding the paper check. As of 2007, there are more than 1 million ATMs throughout the world (including 415,321 in the U.S.) that perform in excess of 40 billion transactions per year. ATM networks such as Cirrus enable customers to withdraw funds in any city in the United States and in London, Tokyo, Sydney or thousands of other cities around the world. Financial service providers have seized ATM locations as prime advertising space. Shared account information lets advertisers know the nature of a particular ATM customer’s account portfolio; the advertiser can then flash an ad for complementary services that the customer might want to utilize. For example, an ATM visitor holding a retirement account might receive a message advertising a Roth-IRA deal.
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ATMs entered the world as a type of cashvending equipment. Today, however, state-of-the-art ATMs that act as financial services centers are common. Newer ATMs take advantage of color monitors and Pentium-class processors connected to the Internet to provide customers with a wealth of information and service choices, as well as a long list of banking functions such as account withdrawals, deposits and balance transfers. Via the Internet and the ATM’s printer, the latest machines also enable customers to purchase tickets to entertainment events, view personalized stock portfolios, pay bills, see sports scores, access maps for directions, sign up for online banking or view a cancelled check. However, ATMs face tough competition from the sheer number of machines in place. New efficiencies on the horizon may boost ATM use without significant investment on the part of participating banks. Future government regulations requiring services for the sight- or hearing-impaired will bring about further innovation in ATM technology. 11)
Credit Default Swaps (CDS) Soar into the Trillions of Dollars A credit default swap is an agreement whereby the seller of the swap agrees to make a payment to the buyer in the event of a specified event. The buyer of the swap may purchase it with one upfront payment or with a series of payments over time. The swap acts as insurance against the default of a debt instrument, often a junk bond. The seller is guaranteeing that the debt will not be defaulted upon. In return, the seller receives a fee rather like an insurance premium. This reduces risk on the part of the debt holder, who is the buyer of the swap. Hedge funds are common sellers of these swaps. In fact, hedge funds, banks, insurance company subsidiaries and investment firms have generated immense amounts of credit swaps, totaling approximately $55 trillion as of mid-2008. Underwriting these swaps is a relatively easy way for hedge funds and financial institutions to generate lucrative fee income. Unfortunately, it is also extremely risky. A swap transaction might look like this: 1) A pension fund manager purchases $100 million in high-yield, high-risk corporate bonds (“junk bonds”). The fund manager wants to enjoy the high rate of interest on the bonds, but since junk bonds frequently default, he decides to lay-off some of the risk with a swap. 2) A hedge fund agrees to underwrite a swap that will pay up to $50 million to the pension fund in the event that the pension fund incurs a loss on the
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bonds. The hedge fund collects a fee, which may range up to a few million dollars. Money center banks, like JPMorgan Chase and Bank of America, along with major investment banks like Goldman Sachs and Morgan Stanley, are big buyers and sellers of such swaps. As one of the most popular types of financial derivatives, these swaps can be used to assume or lay-off the risk of many subunits of debt instruments, depending on the needs of the ultimate owner of the debt. Such slices of investments are often called “tranches.” Banks and investment firms have reaped immensely profitable fees from swaps. At one time, the amount of CDS outstanding on a global basis topped $64 trillion, but the business slowed considerably in 2008. There is considerable risk that the swaps could blow up. If a large number of corporations are unable to make timely payments on their debt instruments, or if other types of risks covered by swaps result in large losses (such as high-risk insurance policies) banks, insurance companies or hedge funds that have covered such swaps could find themselves struggling to pay off their derivative obligations. Large amounts of swaps were written to cover the risks involved in holding collateralized pools of subprime mortgages. Those subprime mortgages plummeted in value during 2007, and the underwriters of those swaps face billions of dollars in losses. Of course, the biggest news was the U.S. government’s need to bailout global insurance giant American International Group (AIG) in the fall of 2008. AIG was considered by most analysts to be a reasonably well-managed insurance company with good long-term potential in the global market. Unfortunately, a relatively small division at AIG had taken immense risks by writing credit default swaps totaling hundreds of billions of dollars; many of these swaps insured subprime mortgage securities. This is what broke the company’s back. The American government promised AIG up to $85 billion in loans in exchange for effective control of the firm and a change of top management. That need quickly grew to more than $120 billion when AIG found it difficult to find buyers for assets and operating companies that it intends to sell. An important test of the CDS model took place in the fall 2008, when large numbers of default swaps came due on Lehman Brothers (the recently bankrupt investment bank) obligations. According to the Depository Trust & Clearing House, a firm that processes investment transactions, CDS insuring Lehman Brothers obligations were settled in October
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with a relatively modest $5.2 billion changing hands. While a much larger total of CDS were outstanding among Depository Trust & Clearing House’s clients, many of these swaps cancelled each other out. Elsewhere, bailed-out AIG stated that it paid only $6.2 million to settle its CDS insuring Lehman Brothers debt. The amount was relatively minor because many of AIG’s positions covering Lehman cancelled each other out by taking opposing sides of a transaction. 12)
Banks See Growth in Online Services Banks have learned that combining the convenience of telephone and online banking with a chain of branch locations allows them to fill the entire range of customer needs. This is similar to the trend among major retailers of combining ecommerce and physical storefronts, thereby creating synergies between bricks and clicks. All major banks now have web sites where banking customers can check the status of their accounts, including checking, savings, investments and loans; make money-transfers to pay off bills; and apply for services online. For the most part, online banking has been an enormous success. Consulting firm Celent estimated that as of mid-2007, 40% of U.S. households (about 46 million) banked online, up from about 20% in 2002. Online banking is more attractive than ever to many customers, thanks to technology that allows easy, fast tracking of multiple accounts using a single online tool. Information technology firm Yodlee, Inc. (corporate.yodlee.com) offers a product called PersonalFinance that affords consumers the ability to track spending across all accounts, regardless of the number of different institutions that hold those accounts. In addition, Yodlee BillPay speeds bill payments, enabling funds to be transferred on the same day that the bill is paid. Bank of America offers its own money management tool that categorizes expenses across a number of accounts. Success in online banking, however, seems to be dependent on having physical locations as well. Several companies created purely online banks, only to write them off later as failures, as it seems that consumers still want a branch to go to, even if most of their banking is done online. NetBank, Inc., one of the few successful pure online banks, managed to attract 104,000 customers and $1.4 billion in deposits in the U.S. and in 90 other nations. Accounts are accessible not only online, but through ATMs, phone, mail and wire transfer. NetBank was acquired by ING DIRECT in 2007 for $14 million.
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ING Direct, an online subsidiary of the Dutch insurance and financial services conglomerate ING Group, is a fierce competitor in the online banking sector. It amassed U.S. deposits from next to nothing in 2000 to more than $77 billion in 2007 by offering high interest rates on deposits and bonuses of $25 for opening a new account. It had more than 21.5 million customers in nine countries as of 2008. In an interesting marketing ploy, the firm operates six Internet cafes in New York City; Philadelphia; Los Angeles; Chicago; Wilmington, Delaware; and St. Cloud, Minnesota to promote its brand. E*Trade Financial, a major online stock broker, entered the online and electronic banking field in a big way. It owns a nationwide system of ATMs under the E*Trade brand and has a rapidly growing base of online bank deposits, including $174 billion in customer assets. In 2008, the firm launched an online service center. All of these online institutions are expanding their services to include loans of many types. ELoan, Inc. (which is a subsidiary of Popular, Inc.) offers mortgages, home equity and auto loans as well as personal lines of credit online. ING Direct is another example of an online loan provider, offering mortgages and home equity loans. Companies that offer ATMs, physical branches and online services find the combination to be extremely effective. To begin with, it costs a great deal less to service a customer who primarily relies on online services to manage accounts and ATMs to get cash. The extremely rapid growth of broadband Internet access in U.S. homes and businesses means that banks’ Internet sites can be rich with multiple features. Customers who use online services tend to be the more affluent, better educated consumers who subscribe to broadband. These customers maintain larger bank balances, have better credit ratings and generally create higher levels of profit than customers who aren’t online. For example, Bank of America, the nation’s leader in total retail bank accounts, has more than 20 million online customers as of 2008. In early 2005, the firm estimated that online customers were 27% more profitable than customers who aren’t online. It also offers mobile banking via cell phones, along with a free online bill paying service that is used by more than 7.5 million customers. Many online banks are adding a human element to the online experience through live chat. The online feature pairs customers with bank personnel, who sell products and services, answer questions and handle customer service problems using Internet
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messaging. Participating banks include Bank of America, Citigroup and Wells Fargo. A major challenge to online banking is maintaining account security. Because bank web sites are specifically geared toward financial transactions, they have often been subject to attacks by hackers, scam artists and virus writers. In one instance, a hacker known as Robotector sent out millions of e-mails containing a spyware program (this process is known as “phishing”). If activated, the program would collect usernames and passwords for online bank accounts and e-mail them back to Robotector. Symantec, an online security firm, estimates that phishers sent 1.5 billion e-mails in 2006, up 19% from 2005. Gartner reports that online phishing rose an additional 40% in 2007. Many consumers have found their bank accounts in jeopardy after releasing personal information to fraudulent inquiries. Online fraud reached $55.7 billion in 2006, according to Javelin Strategy & Research, although it fell to $49.3 billion in 2007. State-of-the-art encryption technology can make online information more secure, but it can’t combat dishonest e-mails or naïve consumers who give out information they shouldn’t. Beginning in 2005, a group of U.S. regulators called the Federal Financial Institutions Examination Council, including the Federal Reserve and the FDIC, requires banks to monitor their online identifications systems, and enforces standards in regular inspections. Many banks’ web sites display pre-chosen images such as flowers or puppies when a customer enters a user name. If the customer does not recognize the picture, he or she knows it is not safe to log in. Wachovia is using Microsoft’s Vista operating system which uses a tool called CardSpace to store personal data on a customer’s PC. E*Trade has gone a step farther and installed a system that compares online behavior with a database of fraud patterns. If a transaction does not fall in line with previous behavior, the customer may receive a call from a service manager or a text message to confirm the trade. Bank of America offers SafePass, a 6digit, one-time passcode sent as a text message to customers’ mobile phones which can then be used to authorize fund transfers, administer the online payment system and receive higher transfer limits. Major security software providers include RSA Security (www.rsa.com), VeriSign (www.verisign.com) and Entrust (www.entrust.com). Banks have their work cut out for them with regard to online security. Hackers are highly adaptable and quickly seek ways to bypass or damage
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new security techniques. Security measures must also be easy to implement from the user’s side, or customers will skip online banking altogether. 13)
Credit Card Debts Could Be the Next Big Problem/Credit Card Competition is Fierce Global consumers are awash in credit card debt, and a lot of it is about to go unpaid. Visa, for example, reports that it processed charges amounting to more than $4 trillion worldwide in the year ended March 31, 2008 (up from $3.3 trillion a year earlier) on its customers’ 1.6 billion cards (up from 1.4 billion in 2007). MasterCard’s customers total about 900 million, Discover’s 50 million and American Express’s 90 million. Another competitor in consumer payments is the e-commerce firm PayPal, a unit of eBay which electronically debits customer’s checking accounts for online purchases. The highly popular PayPal processed $31 billion in online purchases in 2007. A study by financial analysts at Innovest in the fall of 2008 found that distressed consumers are charging more to their credit cards when their home equity lines of credit are curtailed due to dropping home values. Innovest estimates that credit card issuers will be faced with $41 billion in bad credit card receivables in 2008 and $96 billion in 2009. This is unfortunate timing, coming on top of massive losses from bad mortgages. America’s leading credit card issuers include JPMorgan Chase, managing more than $155 in credit card debt, Bank of America at $153 billion and Citigroup at $151 billion as of mid 2008. (These numbers are prior to recently announced major acquisitions and mergers.) In total, credit card firms in America manage nearly $1 trillion in debt. While the banks have historically sold much of this debt in the form of securitized pools of debt obligations, market conditions have made it much more difficult to find buyers for these debts. Unfortunately, a significant portion of outstanding credit card debt is owed by subprime borrowers. Going forward, consumers will find it harder to obtain new cards. Meanwhile, in many cases, their interest rates on balances are increasing and their credit limits are being reduced. This major reduction in consumer credit could have a devastating effect on retailers and services firms. Earnings from credit card operations are in serious decline. For the third quarter of 2008, for example, American Express saw income from continuing business operations drop by 23% over the same period of 2007, despite an increase in total
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revenues. The firm announced staff cuts, and saw its net write-offs of credit card debt leap to about 6% from 3% a year earlier. Competition among credit card companies is intense, and getting stronger. RevolutionMoney, partly backed by Steve Case who made his money at American Online (AOL), has created a new credit card network. Its appeal to merchants is a vastly lower transaction fee of 0.5%, compared to about 2.1% charged by Visa. It’s one thing to invent a credit card, but another to convince people to use it. Murphy Oil, which runs gas stations at hundreds of Wal-Mart stores, was offering consumers a three-cent per gallon discount for using the RevolutionCard in 2008. Credit cards utilize some of the most sophisticated communications technology in the world. Visa transactions, totaling 52 billion charges in the year ended March 31, 2008, soar along millions of miles of fiber-optic cable. Charges made in almost any location around the globe can be processed across phone lines to one of dozens of Visa data centers, authorized through a network by the issuing bank while the approval is sent back to the point of purchase with an averaged elapsed time of two seconds. The company’s recently enhanced network has the capability of handling 11,000 transactions per second. Visa’s rival MasterCard is a technology wonder itself. It operates a 550,000 square foot global technology and operations center that cost $136 million, equipped with 743 miles of conduit, 160 miles of fiber optic and 360 massive server cabinets. Meanwhile, banks and stock brokerages have upped the ante in the affluent card holder market. American Express has long been the leader in serving affluent customers, as well as providing cards for use by businesses including major corporations. Amex card users tend to be much more affluent than users of competing cards, and they charge, on average, twice as much per year to their cards. Amex’s Platinum and black Centurion cards are recognized as the purchasing cards for the wealthy. Holders of those cards pay substantial annual fees. In return, they receive excellent personal services, including the use of agents who can book travel arrangements, restaurant reservations and show tickets, as well as access to specialists who can help travelers in emergencies. Competing organizations see no reason to leave affluent card holders to American Express. Visa and MasterCard issuers such as Merrill Lynch have launched their own very high-level cards to compete.
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Card holders who travel remain the most desired customers for card issuers. Cards such as Citibank’s Aadvantage card, an American Airlines relationship that offers mileage rewards, and American Express’s Delta SkyMiles card remain among the most profitable of all card offerings. Holders of these cards tend to rack up very high charges each year, receiving airline mileage rewards in exchange for their loyalty. (Selling mileage awards to the credit card companies is one of the best profit centers for major airlines.) American consumers are the world’s biggest users and holders of credit and debit cards by far, charging purchases much faster than consumers in other nations. In fact, in many nations, such as Japan, consumers are reluctant to own multiple credit cards and even more reluctant to carry balances on their cards. However, consumers in some nations, notably Brazil (where there were 266 million Visa cards by 2008) and Mexico, have been adopting credit card use quickly in recent years. As of mid2008, 71 million Visa cards had been issued in the rapidly-growing nation of India. 14)
Credit Card Technologies Advance with Better Security and Contactless Payment The love affair between American consumers and their credit cards means that America has an immense credit card theft risk. Credit card fraud is a massive and costly problem, nearing $1 billion yearly in the U.S. alone. One of the largest problems lies in the vulnerability of the credit card number—a number that doesn’t change on today’s cards. Unfortunately, thieves have occasionally been able to hack into databases containing millions of credit card numbers. A security technology that initially had promise was biometric identification; that is, the use of unique body characteristics to identify the card holder. Pay By Touch was a San Francisco-based firm that offered multiple products using biometrics to authorize payments. Although by the end of 2007, more than 11,000 retail sites were using Pay By Touch to enable three million participating consumers to use a fingerprint to positively identify themselves for credit card, debit or other transactions, the company filed for bankruptcy in 2008. Meanwhile, many firms are trying out cards that communicate with cash registers wirelessly, via an embedded chip. This is sometimes referred to as contactless payment, waveable cards or tap and go. This means that consumers can simply wave the credit card past a reader—rather than rely on the
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swiping of a magnetic strip. The chip in each card uses encryption technology to deter theft and fraud. The idea is to speed up cash register lines and make things more convenient for consumers. For example, it is a logical technology for purchases at fast food counters, toll booths and vending machines. Signatures will not be required for small purchases made with these cards. Of course, ExxonMobil has been offering its contactless SpeedPass payment system at the gasoline pump for years, and millions of ExxonMobil cardholders are enthusiastic users. American Express tried “ExpressPay” contactless technology embedded in a fob designed for key chains. The fob proved unpopular and was discontinued in 2008, but American Express is continuing to embed chips in its traditional cards for contactless payment. Visa’s system is called “Visa Wave”. MasterCard has developed the “PayPass” technology for use in credit cards, debit cards and key fobs. Generally, these technologies rely on an open software architecture that is easy for programmers to adopt. Credit card organizations are seeking growth by encouraging consumers to use these contactless cards more often and for small purchases that might otherwise be made with cash. For example, Visa has relaxed its rules and merchant fees for purchases under $15 and has enabled qualifying merchants to accept cards without signature for purchases of up to $25. Visa considers faster transaction time to be a prime benefit of these cards. By mid-2008, MasterCard had about 40 million contactless cards in circulation, compared to 10 million at Visa. McDonalds is an early adopter at its cash registers, and Coca-Cola plans to install the technology in new vending machines. The biggest problem lies in educating consumers and merchants alike, while getting merchants to install the necessary card readers. (Similar technology can easily be installed in cellphones, which are replacing credit cards to some extent in Asia for small purchases.) A new card security technology developed by Innovative Card Technologies (www.incard.com) is on the horizon. It is developing cards that display numeric passwords and a chip that changes the passwords when buttons on the back of the cards are pressed. Meanwhile, some card firms offer special software that can alert card holders to unusual or inappropriate purchases. For example, U.S. Bancorp offers a card to businesses that alerts a manager when an employee uses a company card for certain classes
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of merchandise or services such as cigarettes, for example. 15)
Smart Phones May Replace Smart Cards/Mobile Banking Grows In Japan and elsewhere, personal payment systems are programmed into cellphones instead of credit cards. A payment chip embedded in an Internet-enabled, smart cellphone has vast advantages over the smart card. Users are able to check the chip’s monetary balance on the cellphone’s screen and then use phone-based online banking to transfer money from a checking or savings account to the chip. Typically, the balance held in the financial phone’s chip is no more than $200 or so, enough to make small, fast purchases at vending machines and fast food outlets. As of early 2008, an estimated 30 million Japanese were using smart phones, many of them enabled to make payments. In South Korea, it is so convenient to pay bills and make purchases via cellphone that some consumers don’t use checkbooks at all. There, consumers receive offers from nearby stores and restaurants on their location-based cellphones and often pay their restaurant tabs via cellphone. While paying via cellphone has gained the most traction to date in major cities within Asia, it is also gaining popularity in Europe. In the U.S., the “financial smart phone” concept is barely past its infancy; however, a growing number of financial institutions, credit card companies, cellular service providers and phone manufacturers are investing millions in the technology. Nokia is making the technology standard in many if not all of its handset models and Motorola introduced its first phone with a digital wallet in February 2006. In Atlanta, 150 season ticket holders to Atlanta Hawks basketball games and Atlanta Thrashers hockey games were issued Nokia 3220 cellphones with smart chips embedded in the handset cover. The chips along with the necessary software link the phones to the user’s Chase credit card accounts. The phones can be used at special terminals in the more than 150 concession stands in the Philips Arena to pay for food and drinks. Making payments and sending remittances via cellphone is rapidly growing in popularity worldwide, particularly as a way to transfer money in nations where retail banking is not widespread. Africa is a prime market for such services. In 2008, Western Union Co., in partnership with Radio Shack Corp., launched a service that allows users to wire funds via cellphones. The service was developed in conjunction with Trumpet Mobile (a unit of Affinity
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Mobile LLC), which developed the secure financial platform on which the service is based. Users go to any Radio Shack store to purchase a Trumpet prepaid phone. Customers can load up to $200 onto the phones for cash transfer via Western Union’s U.S. or international network. Western Union also hopes to have customers use their phones to pay utility bills or manage their bank accounts. A similar service was launched by Vodaphone Group PLC and Telkom Kenya Ltd. earlier in 2008. Of course, the Radio Shack/Western Union service is aimed at making it extremely easy for immigrants who are working in the U.S. to send money to their families back home. A major trend that is still in its infancy in the U.S. is mobile banking. The ability to check balances, transfer funds and verify transactions on cellphones will soon be commonplace. As of late 2008, the technology needed to accomplish these tasks was still somewhat limited. Only a small number of Americans are banking on their phones. Bank of America, for example, had 1.2 million mobile banking users, or less than 5% of its online banking customers. However, in a 2008 study by the TowerGroup, 3 million people used mobile banking in the three-month period between March and June, which was almost triple the number who used it six months earlier. JPMorgan Chase already offers its customers the ability to send the text message “BAL” to the bank and receive a reply via text in short order. The difficulties facing the use of financial phones and mobile banking in the U.S. include the facts that typical American cellphone users are wary of security issues, and cellular service can be spotty in some areas. What if a phone is stolen? Can a thief use the phone to buy merchandise or access bank accounts? There are also questions about the fees generated by using financial phones as payment devices. Every business involved in a transaction from the credit card company to the cellphone service provider wants a piece of the potential revenue. Finally, there is the fact that U.S. consumers typically already hold multiple credit and/or debit cards, and nearly all retail outlets that they may deal with accept such cards. Also the fact that there are banks or ATMs on all heavily travelled U.S. urban streets may make it more difficult for U.S. consumers to see value in switching to financial phones to be used as payment devices. An easier sell is the use of cellphones for secure log in to view balances and manage bank and investment accounts. The biggest news in cellphones is Google’s release of the Android mobile phone operating system, an open source platform that allows third
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parties to freely develop software to be used on Android-equipped phones. Such phones, sometimes called GPhones, will be manufactured by a large number of the world’s leading cellphone makers. In September 2008, Visa announced the launch of Visa mobile services for Android-equipped phones. TMobile is already marketing new phones with Visa mobile software. Visa mobile customers will receive alerts of purchase activity based on customized cardholder preferences. Consumers will be able to personalize the types of alerts delivered to their mobile devices, such as the size of the transaction, or whether the transaction is in foreign currency. Because these alerts are triggered by the transaction as it passes through the Visa network, consumers will receive notifications almost immediately, a new way to combat fraud. Customers will also receive targeted offers from merchants directly to their phones. These offers, ranging from discounts to loyalty offers, could be based on a consumer’s previous purchase activity. Also, a locator service is expected to integrate with technology developed by Google, such as Google Maps and Google location-based services, to show consumers nearby locations of merchants sending them offers, or of an ATM that accepts Visa. The location would be shown on a map displayed on the mobile device screen. 16)
Subprime and Alt-A Mortgages Burn Lenders and Overburdened Borrowers The housing, lending and construction markets enjoyed booming times through early 2006. However, in 2007 and 2008 the picture turned black. Unfortunately, in many cases, the boom times were created by very aggressive lending to consumers who couldn’t afford the mortgages that they signed over the long term. Now, the mortgage business and related sectors are paying the price. As of March 2008, an estimated 9 million U.S. homeowners owed more on their mortgages than their homes were actually worth. For the third quarter of 2008, foreclosure notices were up 70% from the same period in 2007, according to specialists at RealtyTrac. More than 250,000 U.S. homes were repossessed during that period, and 766,000 homes received a foreclosure notice of some sort. RealtyTrac expects more than one million foreclosed homes to be on the resale market as 2009 begins. Homeowners aren’t the only ones who are suffering. Non-payment on these mortgages and plummeting values of the houses that were used as
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collateral have devastated the lenders and investors that hold the mortgages. Lenders have lost hundreds of billions of dollars, and the crashing values of mortgage securities touched off the global financial crisis of 2008. There were many factors at work here, often related to an over-eager quest for profits. All parties are to blame. 1) Consumers wanted to cash in on what were once rising home prices. Many not only purchased and resold (“flipped”) their own residences, but invested in additional condominiums and houses as well, hoping to flip them in short order for big profits. 2) Homebuilders had an unprecedented opportunity to sell to eager buyers, many of them first-time purchasers. Homebuilders found their inventories of land, as well as houses under construction, to be growing in value rapidly. They were able to raise prices consistently while their new homes sold quickly, often on a pre-construction basis. 3) The entire mortgage industry, from mortgage brokers to mortgage bankers to investment banks that packaged and traded pools of mortgages, had an unprecedented opportunity to earn extremely lucrative fees by generating new mortgages. Profits were fast and furious during this boom. Now the entire machine is coming unglued. Once the bubble finally popped, and there was no longer a long line of buyers eager to snap up the offerings of flippers and homebuilders, the market sagged in a hurry. People who were the most recent investors often find that they are now stuck with the homes and condos that they purchased, many of which they simply can’t afford to hold. How did this happen? Mortgage lending became so aggressive that virtually anyone could purchase a house, perhaps several of them at once, even if they had poor credit, modest incomes, high levels of existing debt and/or little money to use as a down payment. Exotic new types of mortgages, designed to make it easier and easier for buyers to borrow, proliferated, regardless of whether they made any economic or business sense. In total, exotic loans that were easier to qualify for, including interest-only mortgages and loans that required little or no documentation, accounted for 47% of the total mortgages written in the U.S. in 2006. One of the biggest problems is the Alt-A or alternative documentation loan, sometimes sneeringly referred to as “liars’ loans.” A traditional mortgage requires the borrower to provide verifiable evidence of income and financial assets. The evidence might include copies of income tax returns, W2 forms, copies of bank and investment account statements,
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etc. Alt-A loans charge the borrower a slightly higher interest rate for the privilege of skipping the evidence. The borrower simply states his or her income and assets on the loan application while providing no actual evidence. Anything from a little lying to outright fraud was rampant. A second large problem is the fact that buyers were able to purchase houses with either no money down or very little money down, thanks to aggressive lending. This was particularly appealing to buyers who had very little in terms of financial assets. They were empowered to go into debt for a house worth tens or hundreds of thousands of dollars without a serious commitment in the form of a down payment. When home values decline, these buyers have little incentive to hang onto the houses. In fact, the borrowers find that they owe more than the actual value of these houses. Many of them have very little money on hand with which to ride out hard times. Even as late as 2007, there was no down payment on 29% of the mortgage loans originated, according to the U.S. Department of the Treasury. Then there’s the third problem, which has created huge repercussions throughout the financial world: subprime loans. These are mortgages provided to buyers who have low credit scores or are financially weak. Some lenders loved these loans because they could charge higher interest rates on them. There were plenty of eager home buyers on hand, but their incomes were low, or their credit scores were terrible, or both. Analysts at Barclays Capital estimate that there were about $1 trillion in subprime loans outstanding as of late 2008. About 80% of subprime loans written in America in 2005-2006 were set up as adjustable interest rate mortgages (ARMs) that initially have low interest that soon balloon much higher. These are the loans that are creating immense problems for borrowers in 2008-2009 as rates reset. The “teaser” or introductory rate ARM and the Option-ARM emerged as popular vehicles for these situations. While they helped builders move houses and lenders move loans, they are time bombs waiting to explode in the faces of borrowers. In teaser rate loans, borrowers were given extremely low interest rates for the first year or two, sometimes as low as 1%. This made the initial monthly payments quite affordable, enabling the borrower to qualify under rules that state that a borrower’s monthly payments cannot exceed a certain percentage of their monthly income. Then there’s the hybrid or “option” variation. In this case, the borrower is allowed to select from several payment choices each month. Borrowers
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even have the option of paying no principal for the month while paying only part of the interest due. This creates negative amortization of the loan. That is, the principal balance increases. After a set period, for example five years, borrowers have to start making full principal and interest payments on their now-larger loans. This means that their monthly payment is vastly larger than it was during the “option” payment period. Barclays Capital analysts estimate that roughly 1.4 million U.S. households, mostly in California, hold option ARMs. The looming results from this mess are as follows: 1) Mortgage brokers and bankers that specialized in subprime loans are suffering. More than 100 major subprime lenders had already closed their doors or been bought out by early 2008, followed by the collapse and/or takeover of U.S. mortgage giants IndyMac, Freddie Mac, Fannie Mae and Washington Mutual (WaMu) in September 2008. 2) Homeowners and homebuilders are having difficulty selling their properties and are seeing lower home values in many cases. According to the S&P/Case-Shiller U.S. national home price index, home prices from January 2007 to January 2008 declined at a larger rate than at any time since 1987. Industry analysts expect values to decline even further in 2008. 3) Large numbers of foreclosures are occurring, as homeowners are unable to meet their commitments—particularly on subprime loans and ARMs that have rising monthly payments. The increase in monthly payments on a $200,000 ARM that resets from a “teaser” rate can run $1,000 per month or more. 4) The move-up market is suffering. That is, homeowners who are starting to enjoy better incomes, and are thus ready to move up into larger, more expensive homes, are having trouble selling their old houses. Families that want to relocate to another city for career purposes are feeling the same problem. 5) New regulations abound. Federal and state legislators are jumping into the middle of the mortgage business, quickly drafting new rules in an attempt to curtail lenders from providing mortgages to consumers who can’t afford them. The U.S. Federal Housing Administration (FHA) launched a government-insured mortgage program called FHASecure in late 2007 in which high-interest adjustable-rate mortgage holders may be able to refinance and lower their monthly payments. As of April 2008, the FHA claimed it had served 145,000 homeowners and projected to assist a total exceeding 400,000 by the end of 2008. In addition, the U.S. Office of Thrift Supervision is proposing a similar plan for borrowers whose debts exceed the value of
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their homes. Meanwhile, the U.S. Department of the Treasury proposed in early 2008 the creation of a federal Mortgage Origination Commission, to be overseen by six-person board of representatives of the Federal Reserve and five other agencies devoted to banking regulation. The commission would set minimum standards for state licensing of mortgage lending companies and brokers. Politicians are also getting into the act. Watch for a number of housing market support proposals and mortgage workout ideas from state and federal government, particularly in the wake of the federal seizure of Freddie Mac and Fannie Mae and as the 2008 elections occur in November.
Internet Research Tip: Online Mortgage Tools For mortgage loan and loan provider advice, see 1) www.mtgprofessor.com, a site run by Jack M. Guttentag, Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania. 2) www.myfico.com, a site operated by the credit analysis firm Fair Isaac Corp. 3) www.bankrate.com, a site that provides financial rate information. 4) www.hsh.com, a site run by financial publisher HSH Associates.
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A. The Primary and Secondary Mortgage Markets The mortgage market is divided into two components: the primary market and secondary mortgage markets. 1) The primary market is simply the process the consumer encounters in obtaining a home loan: application, credit and property evaluation, underwriting and loan closing. 2) The secondary mortgage market is the acquisition and sale of newly closed and seasoned loans between lenders (such as mortgage bankers who originate and then resell mortgages, earning fees in the process) and institutional investors such as the Government National Mortgage Association (GNMA or “Ginnie Mae”), the Federal National Mortgage Association (FNMA or “Fannie Mae”) and the Federal Home Loan Mortgage Corporation (FHLMC or “Freddie Mac”). As of September 2008, both Fannie Mae and Freddie Mac are operation under conservatorships regulated by the Federal Housing Finance Agency (FHFA). With these long-term investors as major purchasers of mortgage loans, vast liquidity is added to the market under normal conditions. Typically, when a lender funds a loan, it is doing so on borrowed funds from a bank, from a line of credit known as a “warehouse line.” If the lender does not sell its loans, eventually the warehouse line will be full, and no more funds will be available to it to make loans. In addition to providing liquidity, the secondary market is a convenient way for mortgage bankers to manage and transfer the interest rate risk associated with the closing of the loan. In the secondary market, mortgages are either sold individually (“whole loan”) or in pools of loans such as mortgage-backed securities. In general, a pool contains loans that are similar in rate, term and product type. Payments are made to the original
Mortgage Originations Fall The Internet created a much more competitive landscape for home mortgages. Sites ranging from Ditech.com to LendingTree set low origination fees and made it simple to complete applications online, while the Internet itself made it much simpler for consumers to compare interest rates and mortgage options. LendingTree claims to have closed $185 billion in total transactions by early 2008. Meanwhile, Ditech offers flat origination fees at $395. (Traditionally, origination fees were a substantial 1% of the total mortgage. On a $250,000 mortgage, for example, this would total $2,500.) At the same time, due to the difficult real estate market and overall economic recession, many mortgage companies are fighting to stay afloat. Total home mortgage originations (which include loans for new purchases as well as refinancings) reached $3.81 trillion in America in 2003, during a low-interest-rate environment and a booming U.S. housing market. In 2006, originations were down to about $2.72 trillion. MBA estimates there were $2.3 trillion in total mortgage originations for 2007. The group forecast only $1.86 trillion in originations for 2008 and $1.66 trillion in 2009, nearly a 60% drop from the 2003 peak. In 2003, refinancings made up a historical high of 66% of all mortgage originations, as homeowners took advantage of extremely low interest rates, but refinances dropped to a 50% share in 2008. The MBA sees this share dropping to about 43% in 2010.
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Mortgage Market Facts
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lender or to a designated “servicer,” who handles billing, collecting, reporting, delinquency follow-up and the management of tax and escrow accounts. A common practice in the industry is to sell the loan “servicing released,” along with the original mortgage, for a negotiated fee. By doing this, lenders relieve themselves of the interest rate risk associated with holding mortgage obligations in their portfolios. (Rising interest rates will lower the value of a portfolio of existing loans.) Investors who purchase these loans in the secondary market take a long-term view and are willing to assume interest rate risks.
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B. Factors Affecting Mortgage Rates A sudden shift in interest rates can wreak havoc on the value of an institution’s portfolio of loans. It can also cause major headaches for lenders that must constantly tweak their pricing and marketing strategies in order to stay competitive and profitable. Consumers in the market for home financing should track interest rates as well. They should time their decisions to buy or refinance so that they get the best possible rate and stay within their budgets.
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Internet Research Tip: For good overall access to economic data that affect mortgage rates, use these Internet sites: Federal Reserve Bank of Minneapolis http://woodrow.mpls.frb.fed.us Bureau of Economic Analysis www.bea.gov/index.htm
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For excellent information on the mortgage industry and current market conditions: Mortgage Bankers Association of America www.mbaa.org Mortgage instruments are part of the long-term U.S. debt markets, otherwise known as the “capital markets.” Interest rates in these markets are driven by fluctuations in several important economic and inflation indicators. Ironically, bad news for the economy may be good news for the fixed-income markets if interest rates decline. x Gross Domestic Product (GDP). Considered the nation's report card, this report has four components: 1) consumption spending; 2) investment spending; 3) government spending; and 4) net exports. Interest rates in the fixedincome (bond and mortgage) markets react favorably to a weak GDP report. A strong report
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heightens inflation fears and concerns that the Federal Reserve Board (“The Fed”) might intervene and raise interest rates. Consumer Price Index (CPI). Generally regarded as the most important measure of inflation, it compares prices for a fixed list of goods and services (domestic and imported) to a base period. The bond market watches the CPI carefully. A higher-than-expected CPI is considered inflationary and will cause bond prices to fall and yields to rise. Producer Price Index (PPI). Unlike the CPI, the PPI does not measure services. Instead, it measures only wholesale prices at the producer level, for consumer goods and capital equipment. Larger than expected increases in the PPI spook the bond market due to fears that inflation may be on the horizon. Employment Cost Index (ECI). The ECI measures the growth of wages and benefits. Although it is not a very timely report, the bond market still looks here for inflationary trends and will react negatively to a strong report. Payroll Jobs. Even though it is subject to numerous and constant revisions, increasing trends in this report are considered inflationary by the bond market. They will cause prices to slump and interest rates to rise. Unemployment Rate. This report covers information on employment, average workweek, hourly earnings and unemployment. This is a lagging indicator, meaning it rises or falls following a change in economic activity. Increasing unemployment translates to inflationary pressure in the eyes of the bond market, resulting in rising interest rates. Housing Starts. The bond market keeps a very close eye on housing activity because it is a leading indicator. An increase in housing activity triggers economic growth. In a low interest rate environment, housing activity will likely be strong. If the report is stronger than expected, interest rates will rise. National Association of Purchasing Managers (NAPM). This survey is a bird’s eye view of manufacturing activity during the previous 30 days. About 250 companies in 20 industries in all 50 states participate in the survey. The benchmark index is 50, so that a reading over 50 indicates expanding economic activity. This is likely to nudge interest rates upward. Retail Sales. This is a good barometer of consumer spending, which is the consumption
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spending component of the GDP. Strong retail sales are bearish (negative) for the bond market, pulling prices down and pushing interest rates up. Durable Goods Orders. This is another leading indicator of economic activity. An increase in orders leads to an increase in production. Declines in orders are followed by a build-up of inventories and ultimately a drop-off in production. The report is constantly revised and generally analyzed on a six-month moving average. Again, a strong report does not bode well for interest rates. Personal Income and Consumption Expenditures. This report provides market forecasters with insight into the future spending habits of consumers. A strong report suggests rapid economic growth and causes concern that the Fed might tighten monetary policy, instigating a bond market sell-off. Industrial Production and Capacity Utilization. Industrial production is an index that measures the physical volume of the output of the nation’s manufacturing sector. Capacity utilization measures how much of the nation’s total plant capacity is currently active in the production of goods. The bond market prefers a sluggish production pace and weak capacity utilization. Strong numbers in either one of these reports is bearish for the bond market. Existing and New Home Sales. Of moderate importance to the bond market, these reports are somewhat volatile and generally analyzed on a three-month moving average basis.
C. Primary Market Players Mortgages are originated by mortgage companies (bankers and brokers), commercial banks and thrifts. Whereas a mortgage banker can originate, fund and sell the mortgage loan, a mortgage broker can only originate the loan. It must transfer the loan to another entity that either funds and sells the loan or retains it for its own portfolio. A mortgage banker may be a retail or wholesale lender. Retail mortgage bankers solicit builders and Realtors directly, whereas wholesale mortgage bankers solicit only brokers. There are many other ancillary industries that participate in the mortgage loan process: x Real estate agents. Agents assist consumers in the buying and/or selling of a home and sometimes refer their clients to a mortgage loan officer. x Closing agents. These agents serve the role of an impartial third party in the closing process and
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x x x
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may be in the offices of attorneys or escrow companies. Title insurance companies. They insure that the title to the subject property is clear, and then issue a title insurance policy for the lender. Appraisers. They evaluate market value of the property for the lender and consumer. Credit reporting agencies. These agencies research credit records of consumers and provide information as to judgments, bankruptcies, late payments and liens. Private mortgage insurance companies (PMI). They insure the lender against default by the borrower. PMI is required only when the loan principal exceeds 80% of the appraised value or sales price, whichever is lower. The borrower pays for this as a part of the monthly payment. Hazard insurance companies (property and casualty insurance). This insurance is required by the lender for the amount of the outstanding loan balance to insure the property against loss by fire or other disasters.
D. For The Consumer Obtaining financing for a home is an inherently complicated and sometimes frustrating process. Many problems may arise between the initial application and final loan closing. Some important questions to ask yourself before applying for a loan are: x How long do I intend to live in the house? x How much cash do I have for a down payment? x How much cash will I have left over after buying or refinancing the home? x Am I worried about rising interest rates? x How are my income, job and credit histories? x Will my income and job remain stable or improve over the life of the loan? x Am I going to make extra principal payments to pay off the loan early? Knowing answers to at least some of these questions will make life easier for you when it is time to talk with a loan officer or fill out an application. The more informed and prepared you are, the less frustrating the process will be. Doing your homework will pay off. Fees. Borrowers with good credit should not have to pay more than 1% of the mortgage amount in broker’s fees. Lower fees may be available from many sources, including Bank of America and
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Ditech. Beware of a “yield spread to premium.” This is a fee passed back to the broker by the lender as a result of a higher interest rate being charged. Ask your broker to disclose the yield spread premium, if any, and ask that it be removed from the deal if it is proposed. This should result in a lower interest rate for you. (Not all mortgage brokers attempt to charge this premium.) Lock Your Loan. A lock is simply the lender’s agreement to stick to the proposed terms of the loan. This includes interest rate, term of years and the amount of the loan. A lock gives you a guaranteed interest rate so that you are protected against rising interest rates until you close the deal. A lock differs from a loan commitment in that a commitment is the lender’s promise to make you a loan, but not necessarily at any particular terms. You should shop lenders for the best interest rate, lowest points, fees and other up-front charges. When you receive a quote that you are comfortable with, obtain a written agreement from the lender stating the terms. Make sure that the rate is locked long enough to get your loan closed, which can take 30 days or more. Remember to keep an eye on interest rates and the aforementioned economic indicators while your loan is in process. If interest rates fall before you have closed, you should be able to negotiate a lower rate, even if your current lock has not expired. E. Types of Mortgage Loans Fixed-Rate Loans. A common type of mortgage loan, these are usually offered on a 15-, 20- 30- or even 40-year term. The interest rate remains fixed for the life of the loan. Monthly payments may fluctuate because of monthly escrow account analyses covering insurance and taxes, but the interest rate does not vary. The loan is amortized so that it is paid in full upon maturity. During the early years of the loan, the majority of the payment is applied to interest. As the loan is paid down, more is applied to principal. Conforming Loans. A “conforming” loan is one that meets all of the requirements of Fannie Mae or Freddie Mac (government-sponsored agencies that underwrite and guarantee mortgages). These requirements include a 20% down payment (or a lower down payment combined with mortgage insurance), a mortgage amount that is below a certain maximum, well-documented income of the buyer and monthly debt payments for the buyer that do not
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exceed set ratios. Since Fannie Mae and Freddie Mac buy mortgages, repackage them and sell them to investors, it is important that they are able to state that their mortgages meet these set guidelines in order to create a known standard. 30- or 40-Year Term. A 30-year fixed-rate loan is a good option if you plan on living in your home for a long time. Monthly payments are more reasonable since they are spread out over a long period of time. The 40-year mortgage is growing in popularity, but it hinders the borrower’s amortization of the principal and may not be a good business decision unless making slightly lower monthly payments is of great importance. 15- and 20-Year Term. A shorter-term loan offers the opportunity to own your home free-and-clear in a substantially shorter amount of time. The interest rate is usually an eighth to a quarter lower than that of a 30-year note. While the monthly payment is higher because the loan must be paid off in a shorter amount of time, the total interest paid is significantly less than that of a 30-year loan. Jumbo Mortgage. Any loan, fixed or ARM, exceeding the maximum loan amount that is set by Fannie Mae for conforming loans. This benchmark loan amount is reviewed and adjusted annually. Adjustable Rate Mortgages (ARM). Amortized over 15 or 30 years, ARM loans offer a lower initial interest rate, but the trade-off is the potential for a higher interest rate in future years. The interest rate adjusts periodically based upon an established index and a fixed margin. Most ARMs have caps on how much the interest rate can adjust, and these vary from lender to lender and program to program. Some ARM programs may also give you the option to convert to a fixed rate at a given point in time. Payments may go up or down depending on where interest rates are when the adjustment date arrives, usually every twelve months. You should feel comfortable that your income will increase to handle any rise in monthly payments before choosing this type of loan. The ARM has two caps. One sets the maximum amount the interest rate can rise on any given adjustment date. The other cap puts a ceiling on the amount the interest rate can adjust over the life of the loan. Interest rates for ARMs commonly are benchmarked by short-term U.S. Treasury debt interest rates or the LIBOR (London Interbank Offered Rate).
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Hybrid Loans. Some ARM programs may have an initial fixed rate period. These “hybrid ARMs” offer several years of fixed payments before there is an interest rate adjustment. These loans are generally offered with three-, five-, seven- or ten-year introductory fixed rate periods, with an adjustment for each year thereafter. Several variations on the hybrid theme are used. Hybrid ARM loans may protect the borrower against sudden rate increases during the early years of the loan. Option Loans. Option mortgages enable the borrower to select, each month, the amount that will be paid on the mortgage. Typically, the borrower’s choices include some amount of interest-only, an amount based on 30-year amortization, or an amount based on 15-year amortization. Second Mortgages. These are commonly used to reduce the amount of cash down payment or to circumvent the mortgage insurance requirement. For example, instead of obtaining a 90% loan, a consumer might get an 80% first lien and a 10% second. The buyer will then avoid the cost of mortgage insurance on the first lien; however, he or she will pay a higher rate of interest on the second lien than on the first, because second liens are riskier. Meanwhile, the borrower will be able to claim interest paid on both the first and second liens as tax deductions, while mortgage insurance premiums are not tax deductible. Mortgage insurance is only required on loans exceeding 80% loan to value. Balloon Loans. These loans have payments based on a 30-year amortization schedule, but are due and payable usually after five or seven years. Interest rates and monthly payments are lower than a 15-year or 30-year fixed-rate loan. At maturity, the borrower has the option to convert to a fully amortizing loan based on current principal and interest rates, or else pay off the loan. Subprime Loans. Until mid-2007, there was a large market for borrowers with little or damaged credit. These loans generally cannot be sold through the conforming conduits like FNMA or FHLMC. The rates on these loans are higher than “A” credit-rated loans (sometimes substantially higher, depending on the circumstances of the borrower), simply because the borrower has no choice and no negotiating power due to his or her credit problems.
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Alt-A Mortgages/ Low-Documentation Mortgages. These are loans made to home buyers with good or prime credit. However, they do not satisfy the requirements of conforming loans due to one or more specific factors. These factors may include a loan-tovalue ratio in excess of 80% that is not covered by mortgage insurance; a lack of verification of the borrower’s income, employment and assets; a higherthan-normal ratio of mortgage payment to total monthly expenses; or other unusual factors. These loans typically require higher interest rates. They are particularly popular with buyers who desire to make a small down payment or who are unwilling or unable to document their financial status and income. Alt-A stands for “alternative documentation”. Construction or “Interim” Loans. These loans cover a new property while under construction and are generally made to qualified building companies. Interim loans are paid off at the time of the actual closing of the purchase by the homebuyer, who uses a “permanent” mortgage. Two-, Three- or Four- Family Home Loans. Conforming and non-conforming mortgages are available for multi-family dwellings up to four units. Larger properties require “commercial” mortgages. Commercial Mortgages. Commercial mortgages cover large, multi-family properties such as apartment buildings, as well as office buildings, shopping centers and industrial properties. The rules vary greatly from loan to loan and differ from home loan rules. Reverse Mortgage. A reverse mortgage enables older homeowners (aged 62+) to convert part of the equity in their homes into tax-free income without having to sell the home, give up title, or take on a new monthly mortgage payment. The lender provides either a line of credit, steady monthly payments or one upfront payment to the borrower. In return, the lender receives a right to proceeds upon the eventual sale of the home, typically after the borrower's death. There are no monthly payments to be made by the borrower, and there are no income or health requirements. Sometimes called a reverse annuity mortgage or RAM. Government Loan Programs. FHA Loans. Sponsored by the Department of Housing and Urban Development (HUD), this
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program allows borrowers who would not qualify under conventional guidelines to obtain a loan. Down payment requirements are less strict (3% to 5% of the loan amount). FHA maximum loan amounts vary according to the average sales price of a home for a specific region. The loans are guaranteed by the Government National Mortgage Association, which insures the lender against default of the borrower. VA Loans. The VA (Veterans Administration) guarantee allows qualified veterans to purchase a home with no down payment. Underwriting guidelines are more flexible than those of FHA or conventional loans, but there is a maximum amount that the loan cannot exceed. RHS (Rural Housing Service). Loans sponsored by the U.S. Department of Agriculture, which offer low interest rates and low down payments for low-tomoderate income persons who live in rural areas. State and Local Bond Programs. A number of states sponsor programs to help first-time homebuyers qualify for mortgages. Other state and local programs may also offer closing cost and down payment assistance. Affordable Housing Loans. For consumers with good credit history who wish to own a home but lack the means to produce the cash for the down payment and closing costs, Fannie Mae sponsors several loan programs that can assist them. Such loans are sometimes sponsored by local city or county governments. Such programs may include a Mortgage Credit Certificate (MCC) that enables the buyer to receive a tax credit for part of the interest payments. Underwriting ratios are more flexible, allowing the borrower to use a higher percentage of his or her monthly income for housing expense. Ask a local lender for details on these programs or consult FNMA’s web site for further information, www.homepath.com.
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Chapter 2 BANKING, MORTGAGES & CREDIT STATISTICS Tables and Charts: U.S. Banking, Credit and Mortgages Industry Overview I. Banking II. Mortgages III. Credit
31 32 45 53
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U.S. Banking, Mortgages & Credit Industry Overview Total Number U.S. FDIC-Insured Banks & Savings Assocs. Commercial Banks
Amount 8,451
Units Companies
Year 2008 (Q2)
Source FDIC
7,203
Companies
2008 (Q2)
FDIC
Total Offices
83,360
Offices
2007 (Q2)
FDIC
Total Assets
11.43
Tril. US$
2008 (Q2)
FDIC
Total Deposits
7.42
Tril. US$
2008 (Q2)
FDIC
Total Liabilities
10.27
Tril. US$
2008 (Q2)
FDIC
Equity Capital
1.16
Tril. US$
2008 (Q2)
FDIC
Savings Associations
1,248
Companies
2008 (Q2)
FDIC
Total Offices
13,903
Offices
2007 (Q2)
FDIC
Total Assets
1.87
Tril. US$
2008 (Q2)
FDIC
Total Liabilities
1.68
Tril. US$
2008 (Q2)
FDIC
Total Deposits
1.15
Tril. US$
2008 (Q2)
FDIC NCUA
Number of U.S. Credit Unions
8,101
Companies
2007
Total Assets
758.7
Bil US$
2007
NCUA
Total Liabilities
688.2
Bil US$
2007
NCUA ICI
Number of Mutual Funds
8,029
Funds
2007
12.02
Tril. US$
2007
2,770.0
Thous.
2008
1
BLS
Commercial Banks
1,355.4
Thous.
2008
1
BLS
Savings Institutions
217.6
Thous.
2008
1
BLS
Credit Unions
258.1
Thous.
2008
1
BLS
2008
1
BLS
415,321
2007
ATM
236,732
2007
ATM
Total Assets Total Employment in the U.S. Banking & Credit Industries
Nondepository credit intermediation
648.6
Total Number of ATM Terminals, U.S. ATMs at Non-Bank Locations 2
Average Monthly ATM Transactions (Per Terminal), U.S.
Thous.
2007
ATM
1.2353
Billion
2007
ATM
Total Consumer Credit Outstanding, U.S.
2.56
Tril. US$
2008
3
FRB
U.S. Homeownership Rate
68.1
%
2007
FRB
Total Housing Starts, U.S. (Single & Multi-Family)
808
Thousand
2008
4
Census
New Single Family Home Starts (Units), U.S.
561
Thousand
2008
4
Census
14.80
Tril. US$
2008 (Q2)
2
Total ATM Transactions Per Month, U.S.
Total Mortgages Outstanding, U.S. 1-4 Family Home Mortgages Outstanding, U.S.
2,974
ICI
11.25
Tril. US$
2008 (Q2)
Existing Single Family Home Sales (Units), U.S.
5.03
Million
2007
Avg. Purchase Price, New Conventional Single-Family Home
311.6
Thous. US$
2007
Total Mortgage Delinquency Rate, U.S. 1
6.41
%
5
Q2 2008
Fed Fed NAR Census
6
MBA
2
Preliminary numbers as of September 2008. Total network transactions include all deposits, withdrawals, transfers, payments, and balance inquiries performed on ATMs in the network, whether or not those transactions are switched through the network data center, as well as point of sale transactions on network terminals. Total numbers are adjusted 3 4 to eliminate double-counting caused by two networks reporting a transaction. As of August 2008. Last four quarters 5 6 ending 2nd quarter 2008. Seasonally Adjusted Annual Rate; 12 Months March 1 2007 through February 29, 2008. Seasonally adjusted annual rate. FDIC = Federal Deposit Insurance Company; NCUA = National Credit Union Association; ICI = Investment Company Institute; BLS = U.S. Bureau of Labor Statistics; ATM = ATM & Debit News; FRB = Board of Governors of the Federal Reserve System; Census = U.S. Census Bureau; NAR = National Association of Realtors; Fed = U.S. Federal Reserve Board; FHFB = Federal Housing Finance Board; MBA = Mortgage Bankers Association. Source: Plunkett Research, Ltd. Copyright © 2008, All Rights Reserved www.plunkettresearch.com
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I. Banking Top 50 U.S. Bank Holding Companies: June 30, 2008 World’s Top 20 Banks by Total Assets: 2007 Top Ten Bank & Thrift Merger & Acquisition Deals: 2007 Assets & Liabilities of FDIC-Insured Commercial Banks, Grouped by Asset Size: June 2008 Deposits, Income & Expenses of FDIC-Insured Commercial Banks: June, 2004-2008 Top Ten Federally-Chartered & State-Chartered Banks by Assets: 2007 Assets & Liabilities of Foreign Banking Offices in the U.S.: 2002-2nd Quarter 2008 Savings & Investment, U.S.: 1960-2nd Quarter 2008 Prime Interest Rate, U.S.: 1955-October 2008 Bond Yields & Interest Rates, U.S., Selected Years: 1940-2007 Employment in the Banking Industry, U.S.: 2002-2008
33 35 36 37 38 39 40 41 42 43 44
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Top 50 U.S. Bank Holding Companies: June 30, 2008 (In Thousands of US$) Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
Name CITIGROUP INC. JPMORGAN CHASE & CO. BANK OF AMERICA CORPORATION WACHOVIA CORPORATION1 TAUNUS CORPORATION WELLS FARGO & COMPANY1 HSBC NORTH AMERICA HOLDINGS INC. U.S. BANCORP THE BANK OF NEW YORK MELLON CORPORATION SUNTRUST BANKS, INC. CITIZENS FINANCIAL GROUP, INC. NATIONAL CITY CORPORATION2 CAPITAL ONE FINANCIAL CORPORATION STATE STREET CORPORATION REGIONS FINANCIAL CORPORATION THE PNC FINANCIAL SERVICES GROUP, INC.2 BB&T CORPORATION TD BANKNORTH INC. FIFTH THIRD BANCORP KEYCORP BANCWEST CORPORATION NORTHERN TRUST CORPORATION HARRIS FINANCIAL CORP. COMERICA INCORPORATED M&T BANK CORPORATION
1
Wachovia will be acquired by Wells Fargo.
2
PNC will acquire National City.
City, State NEW YORK, NY NEW YORK, NY CHARLOTTE, NC CHARLOTTE, NC NEW YORK, NY SAN FRANCISCO, CA METTAWA, IL MINNEAPOLIS, MN
Total Assets 2,100,385,000 1,775,670,000 1,723,269,816 812,433,000 659,772,000 609,074,000 461,156,160 246,538,000
NEW YORK, NY
201,344,000
ATLANTA, GA PROVIDENCE, RI CLEVELAND, OH MCLEAN, VA BOSTON, MA BIRMINGHAM, AL PITTSBURGH, PA WINSTON-SALEM, NC PORTLAND, ME CINCINNATI, OH CLEVELAND, OH HONOLULU, HI CHICAGO, IL WILMINGTON, DE DALLAS, TX BUFFALO, NY
177,232,727 161,970,093 153,678,935 151,114,271 146,517,251 144,438,176 142,791,491 136,465,302 116,844,963 114,974,981 101,957,764 76,299,955 74,806,905 67,447,403 66,173,757 65,893,428
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Top 50 U.S. Bank Holding Companies: June 30, 2008 (cont.) (In Thousands of US$) Rank 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50
Name MARSHALL & ILSLEY CORPORATION BBVA USA BANCSHARES, INC. UNIONBANCAL CORPORATION HUNTINGTON BANCSHARES INCORPORATED ZIONS BANCORPORATION POPULAR, INC. FIRST HORIZON NATIONAL CORPORATION SYNOVUS FINANCIAL CORP. RBC BANCORPORATION (USA) NEW YORK COMMUNITY BANCORP, INC. THE COLONIAL BANCGROUP, INC. BOK FINANCIAL CORPORATION ASSOCIATED BANC-CORP FIRST BANCORP FBOP CORPORATION WEBSTER FINANCIAL CORPORATION W HOLDING COMPANY, INC. COMMERCE BANCSHARES, INC. FIRST NATIONAL OF NEBRASKA, INC. TCF FINANCIAL CORPORATION FIRST CITIZENS BANCSHARES, INC. CITY NATIONAL CORPORATION FULTON FINANCIAL CORPORATION NEW YORK PRIVATE BANK & TRUST CORPORATION THE SOUTH FINANCIAL GROUP, INC.
Source: Federal Reserve System, National Information Center Plunkett Research, Ltd. www.plunkettresearch.com
MILWAUKEE, WI THE WOODLANDS, TX SAN FRANCISCO, CA
Total Assets 64,271,056 61,100,943 60,593,921
COLUMBUS, OH
55,309,866
SALT LAKE CITY, UT SAN JUAN, PR
54,838,433 41,679,000
MEMPHIS, TN
35,550,924
COLUMBUS, GA RALEIGH, NC WESTBURY, NY MONTGOMERY, AL TULSA, OK GREEN BAY, WI SAN JUAN, PR OAK PARK, IL WATERBURY, CT MAYAGUEZ, PR KANSAS CITY, MO OMAHA, NE WAYZATA, MN RALEIGH, NC BEVERLY HILLS, CA LANCASTER, PA
34,227,301 32,425,588 31,106,685 26,031,288 22,475,916 22,303,967 18,828,786 17,647,970 17,495,472 17,145,036 17,033,546 16,662,587 16,513,812 16,422,674 16,345,316 16,058,125
NEW YORK, NY
14,789,425
GREENVILLE, SC
13,979,278
City
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World’s Top 20 Banks by Total Assets: 2007 (In Billions of US$; End of Year) Rank
Company
Country
Assets
Balance Sheet Date
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Royal Bank of Scotland Group plc1 Deutsche Bank AG BNP Paribas SA2 Barclays plc Credit Agricole SA UBS AG Societe Generale ABN AMRO Holding NV1 UniCredit SpA ING Bank NV The Bank of Tokyo-Mitsubishi UFJ Ltd Banco Santander Central Hispano SA JPMorgan Chase Bank NA Bank of America NA Citibank NA Credit Suisse Group Fortis Bank SA/NV2 Industrial & Commercial Bank of China Ltd China Construction Bank Corporation Bank of Scotland plc
UK Germany France UK France Switzerland France Netherlands Italy Netherlands Japan Spain US US US Switzerland Belgium China China UK
3,782.9 2,953.7 2,477.3 2,443.0 2,067.6 2,007.2 1,566.9 1,498.8 1,493.8 1,453.4 1,362.6 1,334.7 1,318.9 1,312.8 1,251.7 1,201.8 1,121.7 962.0 903.4 890.9
12/31/07 12/31/07 12/31/07 12/31/07 12/31/07 12/31/07 12/31/07 12/31/07 12/31/07 12/31/07 12/31/06 12/31/07 12/31/07 12/31/07 12/31/07 12/31/07 12/31/07 12/31/06 12/31/07 12/31/06
Note: Consolidated figures. 1
ABN AMRO's banking assets were recently acquired by Royal Bank of Scotland (primarily) and Fortis Bank (to a lesser extent). 2
During the financial crisis of 2008, BNP Paribas acquired most of the banking assets of Fortis Bank.
Source: Bankers Almanac Plunkett Research, Ltd. www.plunkettresearch.com
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Top Ten Bank & Thrift Merger & Acquisition Deals: 2007 (In Millions of US$) Buyer
State
Target
State
Deal Value*
1
Bank of America Corporation
NC
LaSalle Bank Corporation
IL
21,000.0
2
Banco Bilbao Vizcaya Argentaria, S.A.
FO
Compass Bancshares, Inc.
AL
10,163.9
3
Toronto-Dominion Bank
FO
Commerce Bancorp, Inc.
NJ
9,157.3
4
State Street Corporation
MA
Investors Financial Services Corporation
MA
4,493.6
5
National City Corporation
OH
MAF Bancorp, Inc.
IL
1,918.4
6
Merrill Lynch & Co., Inc.
NY
First Republic Bank
CA
1,784.3
7
People's United Financial, Inc.
CT
Chittenden Corporation
VT
1,753.2
8
Royal Bank of Canada
FO
Alabama National BanCorporation
AL
1,670.3
9
Wells Fargo & Company
CA
Greater Bay Bancorp
CA
1,476.9
10
Fifth Third Bancorp
OH
First Charter Corporation
NC
1,088.6
Note: Deals where the entire operation of the bank or thrift is acquired by the buyer, including all property, assets and charters. At least one of the companies involved is a U.S.-domiciled bank and thrift company. List does not include terminated deals. * At announcement. FO = Foreign. Source: SNL Financial, Charlottesville VA, 434.977.1600, www.snl.com Plunkett Research, Ltd. www.plunkettresearch.com
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Assets & Liabilities of FDIC-Insured Commercial Banks, Grouped by Asset Size: June 2008 (In Thousands of US$) Total Commercial Banks
Assets < $100 Mil.
$100 Mil. to $1 Bil.
> $1 Bil.
Number of institutions reporting Total employees (full-time equivalent)
7,203 1,936,863
2,939 53,496
3,756 297,171
508 1,586,196
Total assets Cash & funds due from depository institutions Interest-bearing balances Securities Federal funds sold & reverse repurchase agreements Net loans & leases Loan loss allowance Trading account assets Bank premises & fixed assets Other real estate owned Goodwill & other intangibles All other assets Life insurance assets Total liabilities & capital Total liabilities Total deposits Interest-bearing deposits Deposits held in domestic offices % insured (estimated) Federal funds purchased & repurchase agreements Trading liabilities Other borrowed funds Subordinated debt All other liabilities Equity capital Perpetual preferred stock Common stock Surplus Undivided profits
11,426,172,113
158,345,937
1,084,709,662
10,183,116,514
519,110,385
8,869,775
37,890,810
472,349,800
236,400,220 1,661,888,450
3,535,974 34,357,201
9,201,525 196,808,516
223,662,721 1,430,722,733
695,017,402
8,118,561
25,572,300
661,326,541
6,562,916,793 118,048,119 884,494,587 106,864,752 14,303,997 439,307,493 542,268,254 108,325,665 11,426,172,116 10,270,830,601 7,422,680,422 6,184,036,585 5,879,422,147 60.38%
99,042,936 1,363,329 13,981 3,198,445 404,072 663,105 3,677,861 899,868 158,345,935 137,741,864 129,540,625 108,217,180 129,520,642 78.97%
760,198,069 10,364,575 725,326 21,790,802 3,792,094 8,666,224 29,265,521 8,819,456 1,084,709,663 974,922,103 864,927,841 741,102,530 863,284,929 71.53%
5,703,675,788 106,320,215 883,755,280 81,875,505 10,107,831 429,978,164 509,324,872 98,606,341 10,183,116,518 9,158,166,634 6,428,211,956 5,334,716,875 4,886,616,576 57.92%
831,548,158
1,496,574
28,675,975
801,375,609
357,380,028 1,167,068,673 174,069,116 318,084,204 1,155,341,515 4,509,590 35,696,176 772,250,551 342,885,197
854 5,479,736 8,056 1,216,019 20,604,071 43,237 3,693,167 9,509,738 7,357,929
32,449 71,730,196 672,361 8,883,281 109,787,560 143,303 10,940,039 49,395,159 49,309,059
357,346,725 1,089,858,741 173,388,699 307,984,904 1,024,949,884 4,323,050 21,062,970 713,345,654 286,218,209
Assets & Liabilities
Source: Federal Deposit Insurance Corporation Plunkett Research, Ltd. www.plunkettresearch.com
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Deposits, Income & Expenses of FDIC-Insured Commercial Banks: June, 2004-2008 (In Millions of US$) Number of institutions Total deposits Total domestic deposits Interest-bearing deposits Noninterest-bearing deposits Individuals, partnerships & corporations U.S. Government States & political subdivisions Commercial banks Banks in foreign countries Foreign governments Deposits held in foreign offices Income & expenses Total interest income Total interest expense Net interest income Provision for loan & lease losses Total noninterest income Total noninterest expense Salaries & employee benefits Premises & equipment expense Pretax net operating income Securities gains (losses) Applicable income taxes Net income Source: Federal Deposit Insurance Corporation Plunkett Research, Ltd. www.plunkettresearch.com
2004 7,694 5,334,347 4,506,716 3,488,519 1,018,198
2005 7,549 5,794,804 4,899,636 3,776,417 1,123,219
2006 7,478 6,382,953 5,315,037 4,175,460 1,139,577
2007 7350 6,865,316 5,522,309 4,397,622 1,124,687
2008 7203 7,422,680 5,879,422 4,710,530 1,168,892
4,202,876
4,567,316
4,955,407
5,142,090
5,448,140
4,164 228,121 58,275 12,396 885 827,631
3,610 245,244 62,922 18,897 1,648 895,169
2,951 263,401 64,310 24,596 4,371 1,067,916
3,227 286,337 55,794 24,808 10,054 1,343,007
3,768 318,254 75,447 23,935 9,879 1,543,258
170,336 45,682 124,654 13,529 95,127 129,952 56,147 15,792 76,300 -2,268 25,499 53,058
204,625 71,805 132,820 11,394 99,662 137,055 60,675 17,343 84,033 -775 27,501 57,310
260,389 117,949 142,440 10,951 111,136 146,410 67,232 17,706 96,215 -773 31,362 64,080
300,380 151,243 149,137 17,699 118,135 155,501 73,031 18,932 94,071 -285 30,183 63,338
290,219 125,427 164,792 65,298 109,051 163,317 75,567 20,077 45,229 -1,131 14,298 29,395
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Top Ten Federally-Chartered & StateChartered Banks by Assets: 2007 (As of December; In Thousands of US$) Rank 1 2 3 4 5 6 7 8 9 10 Rank 1 2 3 4 5 6 7 8 9 10
Total Assets
Federally-Chartered Bank JPMorgan Chase Bank, NA Bank of America, NA Citibank, NA
1,3
1,318,888,000
1,4
1,312,794,218
1
1,251,715,000
Wachovia Bank, NA
1,5
Wells Fargo Bank, NA
653,236,000 1,5
Washington Mutual Bank
467,861,000 2,3
U.S. Bank National Association HSBC Bank USA, NA
1
232,759,503
1
FIA Card Services, NA National City Bank
325,808,657 184,491,526
1
161,691,777
2
138,755,343
State-Chartered Bank
State
Total Assets
SunTrust Bank
GA
175,107,526
Regions Bank
AL
137,049,763
State Street Bank and Trust Company
MA
134,001,964
Branch Banking and Trust Company
NC
127,698,351
The Bank of New York
NY
115,672,000
UT
78,133,893
Manufacturers and Traders Trust Company
NY
64,072,546
Comerica Bank
TX
62,539,056
Bank of the West
CA
61,829,845
Fifth Third Bank
OH
61,450,273
Merrill Lynch Bank USA
4
1
NA = National Association. Chartered by the Office of the Comptroller of the Currency. 2
Chartered by the Office of Thrift Supervision.
3
JP Morgan Chase acquired the assets of Washington Mutual in 2008.
4
Bank of America will acquire Merrill Lynch.
5
Wells Fargo will acquire Wachovia.
6
National city will be acquired by PNC.
Source: U.S. Federal Deposit Insurance Corporation (FDIC) Plunkett Research, Ltd. www.plunkettresearch.com
Plunkett Research, Ltd.
www.plunkettresearch.com
Assets & Liabilities of Foreign Banking Offices in the U.S.: 2002-2nd Quarter 2008 (In Billions of US$) 2002
2003
2004
2005
2006
2007 Q1
2007 Q2
2007 Q3
2007 Q4
2008 Q1
2008 Q2
801.1
750.2
632.7
781.5
785.2
799.2
866.9
997.6
1003.9
1094.5
1092.3
1.2
0.9
0.7
0.9
0.6
0.7
1.0
0.8
1.0
1.1
0.7
615.0
599.2
606.3
792.1
946.8
1003.5
1036.1
1099.4
1151.4
1147.3
1106.0
Treasury Securities
116.7
33.7
27.8
27.9
27.1
31.5
23.5
30.3
30.6
40.1
37.2
Agency- & GSE-Backed Securities
61.6
53.0
51.8
50.9
54.8
54.2
56.3
57.9
56.9
49.0
47.0
Total Financial Assets Reserves at Federal Reserve Total Bank Credit
Municipal Securities
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Corporate & Foreign Bonds
81.6
159.8
182.2
262.8
292.5
315.1
348.5
352.6
369.5
394.6
370.5
352.8
344.5
450.6
572.3
602.7
607.8
658.6
694.4
663.5
651.2
8.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Other Bank Loans
237.5
225.7
234.0
294.7
361.8
377.1
396.6
438.5
466.8
484.9
486.9
Mortgages
17.5
16.9
20.8
24.9
27.7
30.0
35.2
39.0
39.9
41.0
11.0
Security Credit
98.7
109.5
93.7
135.1
185.6
197.9
181.2
184.9
188.6
138.8
123.2
Total Loans Open Market Paper
Corporate Equities
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Customers’ Liability on Acceptances
0.6
0.6
0.7
0.8
0.4
0.3
0.4
0.3
0.5
0.3
0.3
Miscellaneous Assets
184.2
149.5
25.0
-12.3
-162.6
-205.4
-170.6
-102.8
-149.0
-54.2
-14.7
Total Liabilities
838.4
792.4
680.2
834.7
844.5
860.2
929.5
1061.9
1069.8
1162.2
1161.7
Net Interbank Liabilities
-51.6
-69.0
-135.8
-141.8
-213.1
-287.7
-304.1
-341.8
-390.6
-447.4
-505.0
To Foreign Banks
-83.1
-95.3
-167.9
-176.7
-255.3
-352.0
-344.9
-353.0
-411.0
-495.7
-542.2
To Domestic Banks
31.5
26.4
32.1
34.9
42.2
64.3
40.8
11.1
20.4
48.3
37.2
8.4
9.5
8.7
9.3
9.3
10.5
12.8
9.8
11.8
14.9
14.1
Checkable Deposits Small Time & Savings Deposits
9.4
10.2
9.5
10.0
18.6
20.5
23.0
25.1
25.5
31.6
29.4
Large Time Deposits
346.4
354.9
430.3
501.7
634.5
727.0
761.3
852.2
907.9
954.2
983.6
Federal Funds & Net Security RPs
163.4
157.7
157.5
190.9
239.9
246.0
240.5
235.9
226.3
214.7
196.9
0.7
0.6
0.7
0.8
0.5
0.3
0.4
0.3
0.5
0.4
0.3
361.8
328.4
209.2
263.8
154.8
143.6
195.6
280.4
288.4
393.8
442.4
Foreign Direct Investment in U.S.
73.3
85.2
122.7
130.2
148.0
151.3
156.1
166.5
141.0
149.4
155.0
Due to Affiliates
127.3
134.7
167.7
188.8
197.3
231.1
240.7
225.3
241.0
240.4
237.3
Other
161.2
108.5
-81.2
-55.1
-190.5
-238.8
-201.2
-111.3
-93.6
4.0
50.0
516.9
490.3
513.3
657.8
761.6
805.9
855.3
914.8
963.3
1008.9
983.1
Acceptance Liabilities Miscellaneous Liabilities
Memo: Credit Market Funds Advanced*
Note: "Offices" means branches and agencies of foreign banks, Edge Act and Agreement corporations, and American Express Bank. * Total bank credit less security credit less corporate equities plus customers’ liability on acceptances. Source: Federal Reserve Plunkett Research, Ltd. www.plunkettresearch.com
Plunkett Research, Ltd.
www.plunkettresearch.com
Savings & Investment, U.S.: 1960-2nd Quarter 2008 (In US$ Billions, Quarterly Data at Seasonally Adjusted Annual Rates) Net Private Saving
Net Government Saving
Year
Gross Saving
Net Saving
Total
Personal Saving
Corporate 1 Profits
W.A.L.D.
Total
Federal
State & Local
1960
111.3
55.8
44.3
26.7
17.6
0.0
11.5
7.2
4.3
1965
158.5
89.1
79.2
43.0
36.2
0.0
9.9
3.3
6.5
1970
192.7
86.0
94.0
69.5
24.6
0.0
-8.1
-15.2
7.1
1971
208.9
93.9
115.8
80.6
34.8
0.4
-21.9
-28.4
6.5
1972
237.5
111.0
119.8
77.2
42.9
-0.3
-8.8
-24.4
15.6
1973
292.0
152.7
148.3
102.7
45.6
0.0
4.4
-11.3
15.7
1974
301.5
139.0
143.4
113.6
29.8
0.0
-4.4
-13.8
9.3
1975
297.0
109.2
175.8
125.6
50.2
0.0
-66.6
-69.0
2.5
1976
342.1
137.0
181.3
122.3
59.0
0.0
-44.4
-51.7
7.4
1977
397.5
167.5
198.5
125.3
73.2
0.0
-31.0
-44.1
13.1
1978
478.0
215.7
223.5
142.5
81.0
0.0
-7.8
-26.5
18.7
1979
536.7
236.6
234.9
159.1
75.7
0.0
1.7
-11.3
13.0
1980
549.4
206.5
251.3
201.4
49.9
0.0
-44.8
-53.6
8.8
1981
654.7
266.6
312.3
244.3
68.0
0.0
-45.7
-53.3
7.6
1982
629.1
202.2
336.2
270.8
65.4
0.0
-134.1
-131.9
-2.2
1983
609.4
165.6
333.7
233.6
100.1
0.0
-168.1
-173.0
4.9
1984
773.4
300.9
445.0
314.8
130.3
0.0
-144.1
-168.1
23.9
1985
767.5
260.7
413.4
280.0
133.4
0.0
-152.6
-175.0
22.3
1986
733.5
202.2
372.0
268.4
103.7
0.0
-169.9
-190.8
21.0
1987
796.8
234.9
367.4
241.4
126.1
0.0
-132.6
-145.0
12.4
1988
915.0
317.4
434.0
272.9
161.1
0.0
-116.6
-134.5
17.9
1989
944.7
300.4
409.7
287.1
122.6
0.0
-109.3
-130.1
20.8
1990
940.4
258.0
422.7
299.4
123.3
0.0
-164.8
-172.0
7.2
1991
964.1
238.2
456.1
324.2
131.9
0.0
-217.9
-213.7
-4.2
1992
948.2
196.3
493.0
366.0
142.7
-15.8
-296.7
-297.4
0.7
1993
962.4
186.0
458.6
284.0
168.1
6.4
-272.6
-273.5
0.9
1994
1,070.7
237.1
438.9
249.5
171.8
17.6
-201.9
-212.3
10.5
1995
1,184.5
306.2
491.1
250.9
223.8
16.4
-184.9
-197.0
12.0
1996
1,291.1
373.0
489.0
228.4
256.9
3.6
-116.0
-141.8
25.8
1997
1,461.1
486.6
503.3
218.3
287.9
-2.9
-16.7
-55.8
39.1
1998
1,598.7
568.6
477.8
276.8
201.7
-0.7
90.8
38.8
52.0
1999
1,674.3
573.0
419.0
158.6
255.3
5.2
154.0
103.6
50.4
2000
1,770.5
582.7
343.3
168.5
174.8
0.0
239.4
189.5
50.0
2001
1,658.0
391.1
323.2
127.2
196.0
0.0
67.8
50.5
17.3
2002
1,539.4
250.8
494.0
183.2
310.8
0.0
-243.3
-240.0
-3.2
2003
1,474.1
142.7
549.3
172.8
376.5
0.0
-406.5
-382.7
-23.8
2004
1,543.7
107.5
502.4
174.3
343.0
-15.0
-394.9
-382.0
-12.9
2005 2006
1,734.6
125.1
428.2
44.6
378.6
5.0
-303.1
-318.3
15.2
2,038.5
414.5
569.5
70.7
497.5
1.3
-155.0
-201.1
46.2
2007
1,956.0
235.6
454.5
57.4
403.4
-6.3
-218.9
-229.3
10.4
2008 Q2
1,670.8
-133.6
578.8
279.9
298.9
0.0
-712.5
-636.2
-76.3
Note: Government saving represents unspent federal, state and local budget surpluses. 1
Undistributed corporate profits with inventory valuation and capital consumption adjustments.
W.A.L.D. = Wage accruals less disbursements. Source: U.S. Bureau of Economic Analysis Plunkett Research, Ltd. www.plunkettresearch.com
Plunkett Research, Ltd.
www.plunkettresearch.com
Prime Interest Rate, U.S.: 1955-October 2008
Prime Rate (%) 1/1 2/1 3/1 4/1 5/1 6/1 7/1 8/1 9/1 10/1 11/1 12/1
1997 8.25 8.25 8.25 8.50 8.50 8.50 8.50 8.50 8.50 8.50 8.50 8.50
Source: Federal Reserve Plunkett Research, Ltd. www.plunkettresearch.com
1998 8.50 8.50 8.50 8.50 8.50 8.50 8.50 8.50 8.50 8.25 8.00 7.75
1999 7.75 7.75 7.75 7.75 7.75 7.75 8.00 8.00 8.25 8.25 8.25 8.50
2000 8.50 8.50 8.75 9.00 9.00 9.50 9.50 9.50 9.50 9.50 9.50 9.50
2001 9.50 8.50 8.50 8.00 7.50 7.00 6.75 6.75 6.50 6.00 5.50 5.00
2002 4.75 4.75 4.75 4.75 4.75 4.75 4.75 4.75 4.75 4.75 4.75 4.25
2003 4.25 4.25 4.25 4.25 4.25 4.25 4.00 4.00 4.00 4.00 4.00 4.00
2004 4.00 4.00 4.00 4.00 4.00 4.00 4.25 4.25 4.50 4.75 4.75 5.00
2005 5.25 5.25 5.50 5.75 5.75 6.00 6.25 6.25 6.50 6.75 7.00 7.25
2006 7.25 7.50 7.50 7.75 7.75 8.00 8.25 8.25 8.25 8.25 8.25 8.25
2007 8.25 8.25 8.25 8.25 8.25 8.25 8.25 8.25 8.25 7.75 7.50 7.50
2008 7.25 6.00 6.00 5.25 5.00 5.00 5.00 5.00 5.00 5.00
Plunkett Research, Ltd.
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Bond Yields & Interest Rates, U.S., Selected Years: 1940-2007 (Percent per Annum; Latest Year Available) Corporate bonds (Moody's)
U.S. Treasury securities Year
Bills 1 (new issues)
Constant 2 maturities
3month
6month
1940
0.01
......
1950
1.22
......
1960
2.93
1970
6.46
1980
11.51
1990
7.51
7.47
8.26
8.55
1991
5.42
5.49
6.82
7.86
1992
3.45
3.57
5.30
7.01
1993
3.02
3.14
4.44
1994
4.29
4.66
1995
5.51
5.59
1996
5.02
1997 1998
Aaa
3
Baa
3
Highgrade municipal bonds (Standard & Poor's)
New home mortgage 4 yields
Prime rate charged by banks
Discount window (Federal Reserve 5 Bank of New York)
Federal funds 6 rate
Primary credit
Discount rate
1.50
......
1.00
......
2.07
......
1.59
......
10year
30year
......
......
......
2.84
4.75
2.50
......
......
......
......
2.62
3.24
1.98
......
3.25
3.98
4.12
......
4.41
5.19
3.73
......
4.82
......
3.53
3.22
6.56
7.29
7.35
......
8.04
9.11
6.51
8.45
7.91
......
5.95
7.18
11.37
11.55
11.46
11.27
11.94
13.67
8.51
12.66
15.27
......
11.77
13.36
8.61
9.32
10.36
7.25
10.05
10.01
......
6.98
8.10
8.14
8.77
9.80
6.89
9.32
8.46
......
5.45
5.69
7.67
8.14
8.98
6.41
8.24
6.25
......
3.25
3.52
5.87
6.59
7.22
7.93
5.63
7.20
6.00
......
3.00
3.02
6.27
7.09
7.37
7.96
8.62
6.19
7.49
7.15
......
3.60
4.21
6.25
6.57
6.88
7.59
8.20
5.95
7.87
8.83
......
5.21
5.83
5.09
5.99
6.44
6.71
7.37
8.05
5.75
7.80
8.27
......
5.02
5.30
5.07
5.18
6.10
6.35
6.61
7.26
7.86
5.55
7.71
8.44
......
5.00
5.46
4.81
4.85
5.14
5.26
5.58
6.53
7.22
5.12
7.07
8.35
......
4.92
5.35
1999
4.66
4.76
5.49
5.65
5.87
7.04
7.87
5.43
7.04
8.00
......
4.62
4.97
2000
5.85
5.92
6.22
6.03
5.94
7.62
8.36
5.77
7.52
9.23
......
5.73
6.24
2001
3.45
3.39
4.09
5.02
5.49
7.08
7.95
5.19
7.00
6.91
......
3.40
3.88
2002
1.62
1.69
3.10
4.61
......
6.49
7.80
5.05
6.43
4.67
......
1.17
1.67
2003
1.02
1.06
2.10
4.01
......
5.67
6.77
4.73
5.80
4.12
2.12
......
1.13
2004
1.38
1.58
2.78
4.27
......
5.63
6.39
4.63
5.77
4.34
2.34
......
1.35
2005
3.16
3.40
3.93
4.29
......
5.24
6.06
4.29
5.94
6.19
4.19
......
3.22
2006
4.73
4.81
4.77
4.80
4.91
5.59
6.48
4.42
6.63
7.96
5.96
......
4.97
2007
4.41
4.48
4.35
4.63
4.84
5.56
6.48
4.42
6.41
8.05
5.86
......
5.02
1
3-
year
Rate on new issues within period; bank-discount basis. Yields on the more actively traded issues adjusted to constant maturities by the Department of the Treasury. The 30-year Treasury constant maturity series was discontinued on February 18, 2002, and reintroduced on February 9, 2006. 3 Aaa is the highest rating given to bonds. Baa are medium-grade bonds, not highly protected nor poorly secured. Beginning December 7, 2001, data for corporate Aaa series are industrial bonds only. 4 Effective rate (in the primary market) on conventional mortgages, reflecting fees and charges as well as contract rate and assuming, on the average, repayment at end of 10 years. Rates beginning January 1973 not strictly comparable with prior rates. 5 Discount window borrowing for primary credit and discount rate (adjustment credit). The rate for primary credit replaced the rate for adjustment credit under an amendment to the Federal Reserve Board’s Regulation A, effective January 9, 2003. 6 Since July 19, 1975, the daily effective rate is an average of the rates on a given day weighted by the volume of transactions at these rates. Prior to that date, the daily effective rate was the rate considered most representative of the day’s transactions, usually the one at which most transactions occurred. 2
Source: Federal Reserve Plunkett Research, Ltd. www.plunkettresearch.com
Plunkett Research, Ltd.
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Employment in the Banking Industry, U.S.: 2002-2008 (Annual Estimates in Thousands of Employed Workers) NAICS Code1
Industry Sector
521
Monetary authorities - central bank
522
Credit intermediation & related activities
5221
2005
2006
2007
20082
23.4
22.6
21.8
20.8
21.2
21.1
20.8
2,686.0
2,792.0
2,817.0
2,869.0
2,924.9
2,881.6
2,773.5
1,733.0
1,748.5
1,751.5
1,769.2
1,802.0
1,822.5
1,806.1
1,278.1
1,280.1
1,280.8
1,296.0
1,322.9
1,345.8
1,335.4
52212
Savings institutions
239.6
246.3
243.2
238.3
236.7
229.3
217.6
215.3
222.1
227.5
234.9
242.4
247.4
258.1
694.9
749.9
756.9
769.9
776.3
724.0
648.6
52221 52222 52229 522291
Credit unions & other depository credit intermediation Nondepository credit intermediation Credit card issuing Sales financing Other nondepository credit intermediation Consumer lending
522293,4,8 5223 52231 52232 552239
133.8
132.5
125.2
121.5
117.5
113.9
113.8
109.0
107.7
107.3
107.5
108.7
108.2
99.9
452.1
509.8
524.5
541.0
550.1
501.9
434.9
99.0
103.4
105.4
112.5
117.8
122.4
123.5
277.0
330.7
341.0
349.0
351.4
297.1
236.0
76.2
75.7
78.1
79.5
80.9
82.4
75.4
Activities related to credit intermediation
258.0
294.0
308.7
329.9
346.6
335.2
319.7
Mortgage & nonmortgage loan brokers Financial transaction processing & clearing Other credit intermediation activities
86.6
115.8
126.7
140.8
144.9
128.5
113.1
82.3
85.4
89.1
93.1
101.7
108.3
107.3
89.1
92.9
92.9
96.0
100.0
98.3
99.3
522292
2
2004
Commercial banking
5222
1
2003
52211
52213,9
Depository credit intermediation
2002
Real estate credit Miscellaneous nondepository credit intermediation
For a full description of the NAICS codes used in this table, see www.census.gov/epcd/www/naics.html. As of September. Preliminary estimate. Not seasonally adjusted.
Source: U.S. Bureau of Labor Statistics Plunkett Research, Ltd. www.plunkettresearch.com
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II. Mortgages Homeownership Rates by Region, U.S.: 2000-2007 46 Homeownership Rates by Race & Ethnicity of Householder, U.S.: 2001-2007 47 New Privately-Owned Housing Units Started, U.S.: 1980-2007 48 Mortgage Loans Outstanding, U.S.: 1975-2nd Quarter 2008 49 Home Mortgages by Holder, U.S.: 2002-2nd Quarter 2008 50 Liabilities & Assets, U.S. Agency- & Government Sponsored Enterprise (GSE)-Backed Securities by Holder: 2003-2nd Quarter 2008 51 Top Ten U.S. Mortgage Finance Companies by Managed Receivables: 2007 52
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Homeownership Rates by Region, U.S.: 2000-2007 (Percent of All Households; Latest Year Available) Area
2000
2001
2002
2003
2004
2005
2006
2007
67.4
67.8
67.9
68.3
69.0
68.9
68.8
68.1
65.5
66.1
66.1
66.5
67.3
67.4
67.4
66.8
In Central Cities1
51.4
51.9
51.7
52.3
53.1
54.2
54.3
53.6
Not in Principal Cities1 (suburbs)
74.0
74.6
74.7
75.0
75.7
76.4
76.1
75.5
75.2
75.0
75.4
75.6
76.3
76.3
75.9
75.1
Northeast
63.4
63.7
64.3
64.4
65.0
65.2
65.2
65.0
Midwest
72.6
73.1
73.1
73.2
73.8
73.1
72.7
71.9
South
69.6
69.8
69.7
70.1
70.9
70.8
70.5
70.1
West
61.7
62.6
62.5
63.4
64.2
64.4
64.7
63.5
United States Inside Metropolitan Areas1
Outside Metropolitan Areas1
1
Approximately every 10 years, metropolitan/nonmetropolitan area definitions are redefined by the Office of Management and Budget. Therefore metropolitan/nonmetropolitan data for 1986 to 1994, 1995 to 2004, and 2005 and later are not comparable to each other. Source: U.S. Census Bureau Plunkett Research, Ltd. www.plunkettresearch.com
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Homeownership Rates by Race & Ethnicity of Householder, U.S.: 2001-2007 (Percent of All Households; Latest Year Available) 2001
2002
2003
2004
2005
2006
2007
U.S. Total
67.8
67.9
68.3
69.0
68.9
68.8
68.1
White Alone, Total
71.6
71.7
72.1
72.8
72.7
72.6
72.0
74.3
74.7
75.4
76.0
75.8
75.8
75.2
Black, Total
47.7
47.4
48.1
49.1
48.2
47.9
47.2
All Other Races, Total*
54.2
54.5
56.0
58.6
59.2
59.9
59.2
American Indian or Alaskan Native
55.4
54.0
54.3
55.6
58.2
58.2
56.9
Asian or Native Hawaiian/Pacific Islander
53.9
54.6
56.3
59.8
60.1
60.8
60.0
Hispanic or Latino
47.3
47.0
46.7
48.1
49.5
49.7
49.7
69.9
70.2
70.8
71.5
71.2
71.2
70.5
Non-Hispanic White
Non-Hispanic
Notes: Beginning in 1996 to 2002, those answering 'other' for race were allocated to one of the 4 race categories-- White, Black, American Indian, Aleut, or Eskimo (one category), or Asian or Native Hawaiian. * Asian, Native Hawaiian or other Pacific Islander, American Indian or Alaska Native (only one race reported) and Two or more races. Source: U.S. Census Bureau Plunkett Research, Ltd. www.plunkettresearch.com
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New Privately-Owned Housing Units Started, U.S.: 1980-2007 (In Thousands; Latest Year Available) Year
Single Unit
2-4 Units
5+ Units
Total
1980
852.2
109.5
330.5
1,292.2
1981
705.4
91.2
287.7
1,084.2
1982
662.6
80.1
319.6
1,062.2
1983
1,067.6
113.5
522.0
1,703.0
1984
1,084.2
121.4
543.9
1,749.5
1985
1,072.4
93.5
576.0
1,741.8
1986
1,179.4
84.0
542.0
1,805.4
1987
1,146.4
65.1
408.7
1,620.5
1988
1,081.3
58.7
348.0
1,488.1
1989
1,003.3
55.3
317.6
1,376.1
1990
894.8
37.6
260.4
1,192.7
1991
840.4
35.6
137.9
1,013.9
1992
1,029.9
30.9
139.0
1,199.7
1993
1,125.7
29.4
132.6
1,287.6
1994
1,198.4
35.2
223.5
1,457.0
1995
1,076.2
33.8
244.1
1,354.1
1996
1,160.9
45.3
270.8
1,476.8
1997
1,133.7
44.5
295.8
1,474.0
1998
1,271.4
42.6
302.9
1,616.9
1999
1,302.4
31.9
306.6
1,640.9
2000
1,230.9
38.7
299.1
1,568.7
2001
1,273.3
36.6
292.8
1,602.7
2002
1,358.6
38.5
307.9
1,704.9
2003
1,499.0
33.5
315.2
1,847.7
2004
1,610.5
42.3
303.0
1,955.8
2005
1,715.8
41.1
311.4
2,068.3
2006
1,465.4
42.7
292.8
1,800.9
2007
1,046.0
31.7
277.3
1,355.0
Note: Single-family estimates prior to 1999 include an upward adjustment of 3.3 percent made to account for structures started in permit-issuing areas without permit authorization. Source: U.S. Census Bureau Plunkett Research, Ltd. www.plunkettresearch.com
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Mortgage Loans Outstanding, U.S.: 1975-2nd Quarter 2008 (In Billions of US$, Latest Year Available) Year
Total
1975
788.4
1- to 4family 476.9
1976
873.5
1977
Multifamily
Commercial
Farm
100.7
161.0
49.9
538.0
105.9
174.2
55.4
1,002.2
630.7
114.3
193.3
63.9
1978
1,153.9
741.5
125.2
214.5
72.8
1979
1,320.6
859.3
135.0
239.4
86.8
1980
1,462.2
962.3
142.5
259.9
97.5
1981
1,584.1
1,034.9
142.4
299.7
107.2
1982
1,666.1
1,075.0
146.1
333.7
111.3
1983
1,856.0
1,191.6
161.2
389.4
113.7
1984
2,096.6
1,326.1
186.1
471.9
112.4
1985
2,377.1
1,523.6
205.9
541.7
105.9
1986
2,663.8
1,726.5
239.4
602.7
95.2
1987
2,965.0
1,924.2
259.2
693.9
87.7
1988
3,282.1
2,157.7
275.3
766.1
83.0
1989
3,552.5
2,383.0
288.1
801.0
80.5
1990
3,807.8
2,619.9
288.3
820.7
78.9
1991
3,959.8
2,788.6
284.9
807.1
79.2
1992
4,072.3
2,957.1
272.0
763.5
79.7
1993
4,208.6
3,119.3
269.1
739.7
80.5
1994
4,381.0
3,301.5
269.6
727.2
82.8
1995
4,576.5
3,478.2
275.5
738.5
84.2
1996
4,864.1
3,720.0
288.0
769.2
86.9
1997
5,201.4
3,978.3
300.1
833.1
90.0
1998
5,655.0
4,306.1
331.3
921.0
96.6
1999
6,252.7
4,714.3
375.7
1,059.0
103.7
2000
6,796.3
5,110.3
404.5
1,171.2
110.3
2001
7,494.4
5,678.0
446.5
1,281.4
88.5
2002
8,401.4
6,439.4
482.2
1,381.3
95.4
2003
9,399.8
7,232.5
564.9
1,508.3
94.1
2004
10,672.7
8,278.3
617.9
1,679.7
96.9
2005
12,107.1
9,383.8
688.5
1,933.3
101.5
2006
13,522.6
10,463.3
743.8
2,206.5
109.0
2007
14,605.7
11,170.9
840.1
2,486.9
107.8
2008 Q2
14,804.2
11,254.4
875.1
2,565.4
109.4
Source: U.S. Federal Reserve Plunkett Research, Ltd. www.plunkettresearch.com
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Home Mortgages by Holder, U.S.: 2002-2nd Quarter 2008 (In Billions of US$; Amounts Outstanding End of Period; Not Seasonally Adjusted) 2002
2003
2004
2005
2006
2007
Q2 2008
Total liabilities
6439.4
7232.5
8278.3
9383.8
10463.3
11170.9
11254.2
Household sector
6036.2
6887.1
7845.4
8875.7
9872.9
10542.7
10639.9
Nonfinancial corporate business
16.9
18.8
23.5
31.1
39.4
42.2
38.8
Nonfarm noncorporate business
386.4
326.7
409.4
477.0
551.0
586.0
575.5
Total assets
6439.4
7232.5
8278.3
9383.8
10463.3
11170.9
11254.2
Household sector
100.3
106.3
112.4
118.5
124.6
130.7
142.1
Nonfinancial corporate business
24.9
26.1
39.9
40.6
31.2
21.9
17.2
Nonfarm noncorporate business
9.6
9.7
11.3
13.3
14.9
17.0
17.6
State & local governments
63.4
67.8
72.0
77.5
84.9
90.2
89.1
Federal government
16.2
15.3
14.8
14.4
14.6
14.8
15.6
Commercial banking
1227.1
1355.8
1581.0
1793.0
2081.8
2208.2
2158.0
Savings institutions
631.1
702.8
874.2
953.8
867.8
879.0
884.5
Credit unions
159.4
182.6
213.2
245.6
276.6
308.4
332.4
Life insurance companies
6.7
7.1
7.9
7.7
11.3
11.1
11.8
Private pension funds
2.8
1.7
1.4
1.4
1.3
1.2
1.3
State & local gov't. retirement funds
7.6
7.3
5.4
5.9
5.1
4.5
4.4
Government-sponsored enterprises
276.8
514.7
508.0
454.9
457.2
449.3
456.3
Federally related mortgage pools
3063.7
3211.2
3256.3
3419.7
3710.6
4319.8
4611.3
ABS issuers
544.1
666.0
1054.7
1613.1
2133.4
2162.7
2025.3
Finance companies
285.6
320.2
422.0
489.8
538.1
474.2
420.4
REITs
20.1
37.8
103.7
134.5
109.9
77.9
67.1
Memo: Home equity loans included above*
500.7
593.4
775.6
914.9
1065.8
1129.2
1128.0
Commercial banking
303.3
366.0
483.5
549.0
653.6
692.3
711.1
Savings institutions
78.5
95.6
121.2
151.6
137.6
180.5
180.3
Credit unions
48.0
51.7
63.9
75.9
86.9
94.1
96.8
ABS issuers
15.0
16.1
23.2
40.4
80.1
67.5
55.6
Finance companies
56.0
64.0
83.7
98.0
107.6
94.8
84.1
Note: Home mortgages are mortgages on 1-4 family properties. * Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals. REIT = Real Estate Investment Trust. ABS = Asset Backed Security. Source: U.S. Federal Reserve Plunkett Research, Ltd. www.plunkettresearch.com
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Liabilities & Assets, U.S. Agency- & Government Sponsored Enterprise (GSE)-Backed Securities by Holder: 2003-2nd Quarter 2008 (In Billions of US$; Amounts Outstanding End of Period, Not Seasonally Adjusted)
Total liabilities Budget agencies
2007 Q2 Q3
2008 Q1 Q2
2003
2004
2005
2006
5952.9
6075.2
6158.0
6488.6
6623.4
6783.8
7090.1
7396.9
7566.0
7889.0
24.9
24.3
23.8
23.5
23.2
23.2
23.0
23.1
23.5
23.5
Q1
Q4
Government-sponsored enterprises
2601.3
2676.3
2592.2
2627.8
2644.5
2684.8
2824.0
2910.2
2940.2
3104.0
Agency- & GSE-backed mortgage pools
3326.7
3374.6
3541.9
3837.3
3955.7
4075.8
4243.1
4463.5
4602.4
4761.5
5952.9
6075.2
6158.0
6488.6
6623.4
6783.8
7090.1
7396.9
7566.0
7889.0
Household sector
438.1
405.8
497.6
450.6
499.1
562.0
690.5
780.1
771.8
766.8
Nonfinancial corporate business
12.1
12.2
18.8
16.4
19.1
16.2
18.3
17.6
13.3
16.2
State and local governments
351.2
373.2
401.6
439.9
446.0
455.2
457.1
454.6
453.0
450.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
654.8
875.0
1011.9
1262.9
1313.5
1414.8
1474.5
1561.1
1608.4
1650.6
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1000.0
1095.0
1089.6
1135.3
1126.4
1124.3
1060.2
1022.4
1010.6
1088.3
U.S.-chartered commercial banks
906.4
996.1
992.7
1040.3
1030.6
1027.6
962.2
928.9
923.2
985.9
Foreign banking offices in the U.S.
53.0
51.8
50.9
54.8
54.2
56.3
57.9
56.9
49.0
47.0
Bank holding companies
11.6
13.5
11.2
11.2
12.5
11.6
12.7
9.9
13.0
28.3
Total assets
Federal government Rest of the world Monetary authority Commercial banking
28.9
33.6
34.8
29.0
29.0
28.9
27.4
26.6
25.4
27.1
Savings institutions
Banks in U.S.-affiliated areas
198.8
136.4
192.3
169.3
171.1
169.5
169.7
168.6
165.6
170.0
Credit unions
94.3
93.1
86.4
72.5
72.4
73.0
70.9
68.4
71.1
75.6
Property-casualty insurance companies
115.4
112.1
117.9
122.0
123.2
124.5
125.7
125.8
125.3
125.0
Life insurance companies
348.9
357.1
368.5
377.4
379.8
381.4
384.2
382.9
384.6
385.6
Private pension funds
221.4
232.8
251.4
250.1
252.5
253.9
255.9
258.0
259.0
261.0
State and local govt. retirement funds
235.1
258.8
258.4
295.1
299.1
301.0
311.2
317.2
318.1
322.5
Federal government retirement funds
5.1
4.6
4.6
4.7
4.8
4.7
4.9
5.0
5.9
5.8
Money market mutual funds
328.6
267.5
160.1
131.4
121.8
126.0
162.3
211.9
309.9
368.6
Mutual funds
447.5
462.7
483.4
499.1
516.4
533.0
543.9
565.4
576.3
559.5
Government-sponsored enterprises
1034.3
886.5
751.1
713.0
697.3
688.4
693.9
702.9
717.3
842.3
ABS Issuers
354.9
350.5
319.4
341.8
352.3
353.1
371.5
372.1
384.1
389.2
REITs
28.7
44.5
44.0
69.2
80.7
80.1
80.7
92.6
93.6
100.6
Brokers & dealers 83.7 107.3 101.0 138.0 147.8 122.6 214.6 290.2 298.1 311.2 Notes: Agency- and GSE-backed securities include: issues of federal budget agencies such as those for the TVA; issues of government sponsored enterprises such as FNMA and FHLB; and agency- and GSE-backed mortgage pool securities issued by GNMA, FNMA, FHLMC, and the Farmers Home Administration. Only the budget agency issues are considered officially to be part of the total debt of the federal government. ABS = Asset-Backed Security. REIT = Real Estate Investment Trust. Source: U.S. Federal Reserve Plunkett Research, Ltd. www.plunkettresearch.com
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Top Ten U.S. Mortgage Finance Companies by Managed Receivables: 2007 (In Millions of US$; Latest Year Available) Rank 1
Company Countrywide Financial Corporation1 2
2
Wells Fargo Home Mortgage Inc.
3
Citigroup Inc.
4
Total Managed Receivables* 1,476,039.0 1,473,178.0 870,896.0
3
Chase Home Finance, LLC 3
775,940.0
5
Washington Mutual Bank
719,047.7
6
Bank of America Corporation1
516,937.0
7
Residential Capital, LLC
454,308.3
8
GMAC LLC
453,310.0
9 10
2
Wachovia Corporation
407,900.0
Midland Loan Services, Inc.
268,500.0
* On-balance sheet receivables and loans sold that are still serviced and managed. 1
Bank of America has acquired Countrywide.
2
Wells Fargo will acquire Wachovia.
3
JP Morgan Chase has acquired Washington Mutual.
Source: SNL Financial, Charlottesville VA, 434.977.1600, www.snl.com Plunkett Research, Ltd. www.plunkettresearch.com
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III. Credit Consumer Credit Outstanding, U.S.: 1965-August 2008 Consumer Credit Outstanding by Major Holders, U.S.: 2003- August 2008 Terms of Credit at Commercial Banks, U.S.: 2003-August 2008 Top 10 Credit Card Issuers, U.S.: 2006-2007
54 55 56 57
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Consumer Credit Outstanding, U.S.: 1965-August 2008 (Based on Amount Outstanding at Year-End; In Millions of US$, Seasonally Adjusted) Year
Total Consumer Credit
1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 2 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 3 2008
95,954.7 101,788.2 106,842.6 117,399.1 127,156.2 131,551.6 146,930.2 166,189.1 190,086.3 198,917.8 204,002.0 225,721.6 260,562.7 306,100.4 348,589.1 351,920.1 371,301.4 389,848.7 437,068.9 517,279.0 599,711.2 654,750.2 686,318.8 731,917.8 794,612.2 808,230.6 798,029.0 806,118.7 865,650.6 997,126.9 1,140,994.6 1,242,862.6 1,320,091.3 1,417,306.8 1,530,387.5 1,707,386.3 1,876,800 1,999,900 2,078,300 2,191,600 2,285,200 2,387,700 2,521,400 2,577,300
1
1
Revolving
Nonrevolving
...... ...... ...... 2,041.5 3,604.8 4,961.5 8,245.3 9,379.2 11,342.2 13,241.3 14,495.3 16,489.1 37,414.8 45,691.0 53,596.4 54,970.1 60,928.0 66,348.3 79,027.3 100,385.6 124,465.8 141,068.2 160,853.9 184,593.1 211,229.8 238,642.6 263,768.6 278,449.7 309,908.0 365,569.6 443,491.8 499,624.6 536,721.0 577,987.8 606,826.2 678,529.6 723,000 769,200 770,400 799,800 824,500 874,600 939,500 969,000
95,954.7 101,788.2 106,842.6 115,357.6 123,551.4 126,590.1 138,684.8 156,809.9 178,744.1 185,676.6 189,506.7 209,232.5 223,147.9 260,409.4 294,992.7 296,950.0 310,373.4 323,500.4 358,041.6 416,893.4 475,245.4 513,682.1 525,464.9 547,324.6 583,382.3 569,588.0 534,260.4 527,669.0 555,742.6 631,557.3 697,502.7 743,238.0 783,370.3 839,319.0 923,561.3 1,028,856.8 1,153,800 1,230,700 1,307,900 1,391,800 1,460,700 1,513,100 1,581,900 1,608,300
Covers most short- and intermediate-term credit extended to individuals, excluding loans secured by real estate. Data newly available in January 1989 result in breaks in many series between December 1988 and subsequent months. 3 Preliminary numbers as of August 2008. 2
Source: U.S. Federal Reserve Plunkett Research, Ltd. www.plunkettresearch.com
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Consumer Credit Outstanding by Major Holders, U.S.: 2003- August 2008 (In Billions of US$; Not Seasonally Adjusted) Total: Commercial Banks Finance Companies Credit Unions Federal Gov't. & Sallie Mae Savings Institutions Nonfinancial Business Pools of Securitized Assets* Revolving Commercial Banks Finance Companies Credit Unions Federal Gov't. & Sallie Mae Savings Institutions Nonfinancial Businesses Pools of Securitized Assets* Nonrevolving Commercial Banks Finance Companies Credit Unions Federal Gov't. & Sallie Mae Savings Institutions Nonfinancial Businesses Pools of Securitized Assets*
2003
2004
2005
2006
2007
2,104.4 669.4 393.0 205.9 102.9 77.9 58.5 596.8 791.9 285.0 45.3 22.4 NA 23.8 14.5 400.9 1,312.5 384.4 347.8 183.5 102.9 54.0 44.0 195.9
2,219.4 704.3 492.3 215.4 86.1 91.3 58.6 571.5 823.7 314.6 50.4 23.2 NA 27.9 12.4 395.2 1,395.7 389.6 442.0 192.1 86.1 63.4 46.2 176.3
2,313.9 707.0 516.5 228.6 89.8 109.1 58.8 604.0 850.0 311.2 66.3 24.7 NA 40.8 11.6 395.4 1,463.9 395.8 450.2 203.9 89.8 68.3 47.2 208.6
2,418.3 741.2 534.4 234.5 91.7 95.5 56.8 664.2 902.3 327.3 79.9 27.4 NA 42.5 7.8 417.5 1,515.9 413.9 454.5 207.1 91.7 53.1 49.0 246.7
2,554.3 804.1 583.9 235.7 98.4 90.8 55.2 686.2 969.5 353.4 86.0 31.1 NA 44.8 4.2 450.0 1,584.7 450.7 497.8 204.6 98.4 46.0 50.9 236.2
Aug. 2008 2,583.4 833.3 590.2 236.1 107.4 89.4 52.0 675.0 968.6 342.8 84.0 32.0 NA 44.9 3.8 461.1 1,614.8 490.5 506.2 204.1 107.4 44.6 48.1 213.9
Note: This table covers most short- and intermediate-term credit extended to individuals, excluding loans secured by real estate. * Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originators. Source: U.S. Federal Reserve Plunkett Research, Ltd. www.plunkettresearch.com
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Terms of Credit at Commercial Banks, U.S.: 2003-August 2008 (Percent; Not Seasonally Adjusted) Interest Rates 48-mo. New Car 24-mo. Personal Credit Card Plan Credit Card Plan All Accounts Accounts Assessed Interest
2003
2004
2005
2006
2007
2008*
6.93 11.95
6.60 11.89
7.08 12.05
7.72 12.41
7.77 12.39
6.95 11.43
12.30 12.73
12.72 13.22
12.51 14.55
13.21 14.73
13.38 14.67
11.93 13.64
* As of August 2008. 1
Interest rates are annual percentage rates (APR) as specified by the Federal Reserve's Regulation Z. Interest rates for new-car loans and personal loans at commercial banks are simple unweighted averages of each bank's most common rate charged during the first calendar week of the middle month of each quarter. For credit card accounts, the rate for all accounts is the stated APR averaged across all credit card accounts at all reporting banks. The rate for accounts assessed interest is the annualized ratio of total finance charges at all reporting banks to the total average daily balances against which the finance charges were assessed (excludes accounts for which no finance charges were assessed). Finance company data are from the subsidiaries of the three major U.S. automobile manufacturers and are volume-weighted averages covering all loans of each type purchased during the month. Source: U.S. Federal Reserve Plunkett Research, Ltd. www.plunkettresearch.com
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Top 10 Credit Card Issuers, U.S.: 2006-2007 (Ranked by Consumer Balances in Billions of US$, End of Year) Rank 1 2
Bank of America Corp. 1
2006 176,440.0
2007 196,811.0
170,732.4
183,691.1
146,967.0
148,391.0
3
JPMorgan Chase & Co.
4
Capital One Financial Corp.
64,102.6
62,432.6
5
HSBC North America Holdings Inc.
48,819.0
51,412.3
6
American Express Banks
40,327.9
49,251.6
7
Discover Bank
47,384.7
48,916.4
8
Wells Fargo & Co.
15,754.0
19,533.0
9
USAA Savings Bank
10,189.1
12,116.0
12,953.9
11,506.9
10 1
Company Citigroup Inc.
1
Washington Mutual Inc.
JP Morgan Chase has acquired Washington Mutual.
Source: SourceMedia's PaymentsSource Plunkett Research, Ltd. www.plunkettresearch.com
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Chapter 3 IMPORTANT BANKING, MORTGAGES & CREDIT INDUSTRY CONTACTS
Contents: I. II. III. IV. V. VI. VII. VIII. IX. X. XI. XII. XIII. XIV. XV. XVI. XVII. XVIII. XIX. XX. XXI. XXII. XXIII. XXIV. XXV. XXVI. XXVII. XXVIII.
Accountants & CPAs Associations Affordable Housing Associations Automobile Finance and Loans Associations Banking Industry Associations Banking Industry Resources Banks/Banking-Global Bond Market Data Canadian Government Agencies Careers-First Time Jobs/New Grads Careers-General Job Listings Careers-Job Reference Tools Conference Calls with Corporate Management Consulting Industry Associations Consulting Industry Resources Corporate Information Resources Credit Union Associations Economic Data & Research Federal Reserve System District Offices Financial Industry Resources Financial Planners & Advisors Associations Industry Research/Market Research Insurance Industry Resources Investment Industry Resources Investment Information-Funds IPOs (Initial Public Offerings) Leasing Industry Associations MBA Resources Mortgage Industry Associations
XXIX. XXX.
Mortgage Industry Resources Payment, E-Commerce and Data Interchange Technology XXXI. Pensions, Benefits & 401(k)s XXXII. Pensions, Benefits & 401(k)s Associations XXXIII. Pensions, Benefits & 401(k)s Resources XXXIV. Personal Credit Reports XXXV. Privacy & Consumer Matters XXXVI. Securities Industry Associations XXXVII. Trade Associations XXXVIII. Trade Associations-Global XXXIX. U.S. Government Agencies I.
Accountants & CPAs Associations
American Institute of CPAs (AICPA) 1211 Ave. of the Americas New York, NY 10036-8775 US Phone: 212-596-6200 Fax: 212-596-6213 Toll Free: 888-777-7077 E-mail Address:
[email protected] Web Address: www.aicpa.org American Institute of CPAs (AICPA) provides information and news for CPAs, news from the organization and a search for accounting firms on its web site. Canadian Institute of Chartered Accountants (The) (CICA) 277 Wellington St. W
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Toronto, Ontario M5V 3H2 Canada Phone: 416-977-3222 Fax: 416-977-8585 Web Address: www.cica.ca The Canadian Institute of Chartered Accountants (CICA) provides additional training and job placement for it member accountants in Canada.
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The American Bankers Association (ABA) represents banks of all sizes on issues of national importance for financial institutions and their customers. The site offers financial information and solutions, financial news and member access to further advice and content. V.
II.
National Community Reinvestment Coalition (NCRC) 727 15th St. NW, Ste. 900 Washington, DC 20005 US Phone: 202-628-8866 Fax: 202-628-9800 Web Address: www.ncrc.org The National Community Reinvestment Coalition (NCRC) is a national nonprofit 501(c)3 organization with 640 dues-paying chapters located in every state in America. NCRC was founded in 1990 to unite efforts around the nation to increase the flow of private capital into traditionally underserved communities, with a focus on affordable mortgages and loans for housing and small businesses in low income neighborhoods. III.
Automobile Finance and Loans Associations
National Automotive Finance Association 7250 Parkway Dr., Ste. 510 Hanover, MD 21076 US Phone: 410-712-4036 Fax: 410-712-4038 Toll Free: 800-463-8955 Web Address: www.nafassociation.com The National Automotive Finance Association is the only trade association exclusively serving the nonprime auto financing industry. Organized in the Fall of 1996, the NAF Association supports its members and the industry with programs and education. IV.
Banking Industry Resources
Affordable Housing Associations
Banking Industry Associations
American Bankers Association (ABA) 1120 Connecticut Ave. NW Washington, DC 20036 US Fax: 202-663-7578 Toll Free: 800-226-5377 E-mail Address:
[email protected] Web Address: www.aba.com
American Banker 1 State St. Plz., 27th Fl. New York, NY 10004 US Phone: 212-803-8200 Fax: 212-846-9600 Toll Free: 800-221-1809 Web Address: www.americanbanker.com American Banker publishes an online magazine and offers news, reports and research tools on a broad spectrum of business and financial topics on a subscriber basis. Bank Rate Monitor 11760 U.S. Hwy. 1, Ste. 500 North Palm Beach, FL 33408 US Phone: 561-630-2400 Fax: 561-625-4540 Web Address: www.bankrate.com Bank Rate Monitor, an online publication, provides online customers with financial data, research and editorial information on a variety of financial products. News, educational information, links and stories are featured on this site. VI.
Banks/Banking-Global
Bank for International Settlements (BIS) Centralbahnplatz 2 Basel, CH-4002 Switzerland Phone: 41-61-280-8080 Fax: 41-61-280-9100 E-mail Address:
[email protected] Web Address: www.bis.org The Bank for International Settlements (BIS) is an international organization which fosters international monetary and financial cooperation and serves as a bank for central banks. A significant amount of international banking data, including statistics, is available on their excellent web site. Financial Stability Forum (FSF) Centralbahnplatz 2 Basel, CH-4002 Switzerland Phone: 41-61-280-8298
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Fax: 41-61-280-9100 E-mail Address:
[email protected] Web Address: www.fsforum.org The Financial Stability Forum (FSF) was convened in April 1999 to promote international financial stability through information exchange and international cooperation in financial supervision and surveillance. The Forum brings together national authorities responsible for financial stability in significant international financial centers, international financial institutions, sector-specific international groupings of regulators and supervisors, and committees of central bank experts. International Monetary Fund (IMF) 700 19th St. NW Washington, DC 20431 US Phone: 202-623-7000 Fax: 202-623-4661 E-mail Address:
[email protected] Web Address: www.imf.org The International Monetary Fund (IMF) is an organization of 184 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth and reduce poverty. World Bank 1818 H St. NW Washington, DC 20433 US Phone: 202-473-1000 Fax: 202-477-6391 Web Address: www.worldbank.org The World Bank is a development bank that provides loans to help countries improve their standard of living. It publishes significant data on global business, investment, social issues, health and governments. VII. Bond Market Data Bonds Online 9311 SE 36th St., Ste. 201 Mercer Island, WA 98040 US Phone: 206-236-3040 Toll Free: 800-883-1808 E-mail Address:
[email protected] Web Address: www.bondsonline.com Bonds Online offers a wealth of information for both individual and institutional investors, including on demand current or historic prices and descriptive
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information for all current or past stocks, preferred stocks, bonds, indices and other securities. Investing-in-Bonds E-mail Address:
[email protected] Web Address: www.investinginbonds.com Investing-in-Bonds is a service of The Bond Market Association that provides a forum for investors in which industry professionals can respond to current issues affecting the bond market. VIII.
Canadian Government Agencies
Bank of Canada (The) 234 Wellington St. Ottawa, Ontario K1A 0G9 Canada Phone: 613-782-8111 Fax: 613-782-7713 Toll Free: 800-303-1282 E-mail Address:
[email protected] Web Address: www.bankofcanada.ca The Bank of Canada is the national bank belonging to the Canadian government. It's responsibilities include Canada's monetary policy, bank notes and financial system as a whole. Canada Business Network Fax: 888-417-0442 Toll Free: 888-576-4444 Web Address: www.canadabusiness.ca Canada Business Network is a government service providing business-related information to business start-ups and entrepreneurs, as well as referrals to government programs. Canada Deposit Insurance Corporation (CDIC) 50 O’Connor St., 17th Fl. Ottawa, ON K1P 5W5 Canada Fax: 613-996-6095 Toll Free: 800-461-2342 E-mail Address:
[email protected] Web Address: www.cdic.ca The Canada Deposit Insurance Corporation (CDIC) is a federal corporation created by parliament for the sole purpose of insuring Canadian bank accounts. Department of Finance Canada (DFC) 140 O'Connor St. Ottawa, ON K1A 0G5 Canada Phone: 613-992-1573 E-mail Address:
[email protected] Web Address: www.fin.gc.ca
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The Department of Finance Canada (DFC) governs the federal financial institutions, insurance companies and credit unions and manages the debt and reserves of the Canadian government. Financial Transactions and Reporting Analysis Centre of Canada (FINTRAC) 234 Laurier Ave. W, 24th Fl. Ottawa, ON K1P 1H7 Canada Fax: 613-943-7931 Toll Free: 866-346-8722 E-mail Address:
[email protected] Web Address: www.fintrac.gc.ca The Financial Transactions and Reporting Analysis Centre of Canada (FINTRAC) analyzes financial intelligence to safeguard against money laundering and the financing of threats to the security of Canada. IX.
Careers-First Time Jobs/New Grads
Black Collegian Online (The) 140 Carondelet St. New Orleans, LA 70130 US Phone: 504-523-0154 Web Address: www.black-collegian.com The Black Collegian Online features listings for job and internship opportunities, as well as other tools for students of color; it is the web site of The Black Collegian Magazine, published by IMDiversity, Inc. The site includes a list of the top 100 minority corporate employers and an assessment of job opportunities. Collegegrad.com, Inc. 234 E. College Ave., Ste. 200 State College, PA 16801 US Phone: 262-375-6700 Web Address: www.collegegrad.com Collegegrad.com offers in-depth resources for college students and recent grads seeking entry-level jobs. Job Web Nat'l Association of Colleges & Employers (NACE) 62 Highland Ave. Bethlehem, PA 18017-9085 US Phone: 610-868-1421 Fax: 610-868-0208 Toll Free: 800-544-5272 E-mail Address:
[email protected] Web Address: www.jobweb.com Job Web, owned and sponsored by National Association of Colleges and Employers (NACE),
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displays job openings and employer descriptions. The site also offers a database of career fairs, searchable by state or keyword, with contact information. MBAjobs.net Springfield, MA US Fax: 413-556-8849 E-mail Address:
[email protected] Web Address: www.mbajobs.net MBAjobs.net is a unique international service for MBA students and graduates, employers, recruiters and business schools. The MBAjobs.net service is provided by WebInfoCo. MonsterTRAK 11845 W. Olympic Blvd., Ste. 500 Los Angeles, CA 90064 US Toll Free: 800-999-8725 E-mail Address:
[email protected] Web Address: www.monstertrak.monster.com MonsterTRAK features links to hundreds of university and college career centers across the U.S. with entry-level job listings categorized by industry. Major companies can also utilize MonsterTRAK. National Association of Colleges and Employers (NACE) 62 Highland Ave. Bethlehem, PA 18017-9085 US Phone: 610-868-1421 Fax: 610-868-0208 Toll Free: 800-544-5272 E-mail Address:
[email protected] Web Address: www.naceweb.org The National Association of Colleges and Employers (NACE) is a premier U.S. organization representing college placement offices and corporate recruiters who focus on hiring new grads. X.
Careers-General Job Listings
Career Exposure, Inc. 805 SW Broadway, Ste. 2250 Portland, OR 97205 US Phone: 503-221-7779 Fax: 503-221-7780 E-mail Address:
[email protected] Web Address: www.careerexposure.com Career Exposure, Inc. is an online career center and job placement service, with resources for employers, recruiters and job seekers.
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CareerBuilder, Inc. 200 N. LaSalle St., Ste. 1100 Chicago, IL 60601 US Phone: 773-527-3600 Toll Free: 800-638-4212 Web Address: www.careerbuilder.com CareerBuilder, Inc. focuses on the needs of companies and also provides a database of job openings. The site has 1.5 million jobs posted by 300,000 employers, and receives an average 23 million unique visitors monthly. The company also operates online career centers for 150 newspapers, 1,400 partners and other online portals such as America Online. Resumes are sent directly to the company, and applicants can set up a special e-mail account for job-seeking purposes. CareerBuilder is primarily a joint venture between three newspaper giants: The McClatchy Company (which recently acquired former partner Knight Ridder), Gannett Co., Inc. and Tribune Company. In 2007, Microsoft acquired a minority interest in CareerBuilder, allowing the site to ally itself with MSN. CareerOneStop Toll Free: 877-348-0502 E-mail Address:
[email protected] Web Address: www.careeronestop.org CareerOneStop is operated by the employment commissions of various state agencies. It contains job listings in both the private sector and in government. CareerOneStop is sponsored by the U.S. Department of Labor. It includes a wide variety of useful career resources and workforce information. JobCentral DirectEmployers Association, Inc. 9002 N. Purdue Rd., Quad III, Ste. 100 Indianapolis, IN 46268 US Phone: 317-874-9000 Fax: 317-874-9100 Toll Free: 866-268-6206 E-mail Address:
[email protected] Web Address: www.jobcentral.com JobCentral, operated by the nonprofit DirectEmployers Association, Inc., links users directly to hundreds of thousands of job opportunities posted on the sites of participating employers, thus bypassing the usual job search sites. This saves employers money and allows job seekers to access many more job opportunities. Jobsinthemoney.com 4101 NW Urbandale Dr.
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Urbandale, IA 50322 US Phone: 515-280-1144 Fax: 515-280-1452 Toll Free: 800-979-3423 E-mail Address:
[email protected] Web Address: www.jobsinthemoney.com Jobsinthemoney.com provides employment listings in the finance industry as well as job tools, such as salary surveys, resume writing assistance and industry news. It is owned by Dice, a part of Dice Holdings, Inc. LaborMarketInfo Employment Dev. Dept., Labor Market Info. Div. Info. Services Div., 7000 Franklin Blvd., Ste. 1100 Sacramento, CA 95823 US Phone: 916-262-2162 Fax: 916-262-2352 Web Address: www.labormarketinfo.edd.ca.gov LaborMarketInfo, formerly the California Cooperative Occupational Information System, is geared to providing job seekers and employers a wide range of resources, namely the ability to find, access and use labor market information and services. It provides demographical statistics for employment on both a local and regional level, as well as career searching tools for California residents. The web site is sponsored by California's Employment Development Office. Monster Worldwide, Inc. 622 3rd Ave., 39th Fl. New York, NY 10017 US Phone: 212-351-7000 Fax: 646-658-0541 Toll Free: 800-666-7837 E-mail Address:
[email protected] Web Address: www.monsterworldwide.com Monster Worldwide, Inc. primarily operates Monster.com, an electronic career center that displays hundreds of thousands of job opportunities in 36 countries worldwide. Job seekers can build and store a resume online and find job listings that match their profiles. Monster.com e-mails any resulting hits once per week. Monster Worldwide also offers some Internet advertising services. Recruiters Online Network 947 Essex Lane Medina, OH 44256 US Phone: 888-364-4667 Fax: 888-237-8686 E-mail Address:
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Web Address: www.recruitersonline.com The Recruiters Online Network provides job postings from thousands of recruiters, Careers Online Magazine, a resume database, as well as other career resources. True Careers, Inc. Web Address: www.truecareers.com True Careers, Inc. offers job listings and provides an array of career resources. The company also offers a search of over 2 million scholarships. It is partnered with CareerBuilder.com, which powers its career information and resume posting functions. USAJOBS U.S. Office of Personnel Management 1900 E St. NW Washington, DC 20415 US Phone: 202-606-1800 Web Address: usajobs.opm.gov USAJOBS, a program of the U.S. Office of Personnel Management, is the official job site for the U.S. Federal Government. It provides a comprehensive list of U.S. government jobs, allowing users to search for employment by location; agency; type of work, using the Federal Government’s numerical identification code, the General Schedule (GS) Series; or by senior executive positions. It also has a special veterans’ employment section; an information center, offering resume and interview tips and other useful information such as hiring trends and a glossary of Federal terms; and allows users to create a profile and post a resume. Wall Street Journal - CareerJournal Wall Street Journal 200 Liberty St. New York, NW 10281 US Phone: 212-416-2000 E-mail Address:
[email protected] Web Address: online.wsj.com/careers The Wall Street Journal's CareerJournal, an executive career site, features a job database with thousands of available positions; career news and employment related articles; and advice regarding resume writing, interviews, networking, office life and job hunting. Yahoo! HotJobs 45 W. 18th St., 6th Fl. New York, NY 10011 US Phone: 646-351-5300 Web Address: hotjobs.yahoo.com
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Yahoo! HotJobs, designed for experienced professionals, employers and job seekers, is a Yahooowned site that provides company profiles, a resume posting service and a resume workshop. The site allows posters to block resumes from being viewed by certain companies and provides a notification service of new jobs. XI.
Careers-Job Reference Tools
NewsVoyager Newspaper Association of America 4401 Wilson Blvd., Ste. 900 Arlington, VA 22203-1867 US Phone: 571-366-1000 Fax: 571-366-1195 E-mail Address:
[email protected] Web Address: www.newsvoyager.com NewsVoyager, a service of the Newspaper Association of America (NAA), links individuals to local, national and international newspapers. Job seekers can search through thousands of classified sections. Vault.com, Inc. 150 W. 22nd St., 5th Fl. New York, NY 10011 US Phone: 212-366-4212 E-mail Address:
[email protected] Web Address: www.vault.com Vault.com, Inc. is a comprehensive career web site for employers and employees, with job postings and valuable information on a wide variety of industries. Vault gears many of its features toward MBAs. The site has been recognized by Forbes and Fortune Magazines. XII.
Conference Calls with Corporate Management
BestCalls 116 Simpson St. Geneva, IL 60134 US Phone: 978-723-2232 Fax: 978-246-5689 E-mail Address:
[email protected] Web Address: www.bestcalls.com BestCalls is the Internet's largest source for conference call schedules and access information. Earnings.com Thompson Financial 195 Broadway
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New York, NY 10007 US Phone: 646-822-2000 Toll Free: 888-888-1082 E-mail Address:
[email protected] Web Address: www.earnings.com Earnings.com provides live web casts and online replays, free annual reports, an investment events calendar, profiles, management presentations and interactive information requests and alerts. The web site is powered by Thomson StreetEvents, part of the Thompson Financial business unit of Thompson Reuters. Vcall, Inc. PrecisionIR Group 601 Moorefield Park Dr. Richmond, VA 23236 US Phone: 804-327-3400 Fax: 804-327-7546 Toll Free: 888-523-2450 E-mail Address:
[email protected] Web Address: www.vcall.com Vcall, Inc. provides live and archived web casts, special events and conference broadcasts of investor relations events. Vcall is part of the PrecisionIR Group. XIII.
Consulting Industry Associations
Investment Management Consultant Association (IMCA) 5619 DTC Pkwy., Ste. 500 Greenwood Village, CO 80111 US Phone: 303-770-3377 Fax: 303-770-1812 Web Address: www.imca.org The Investment Management Consultant Association (IMCA) provides information and communication for investment management consultants. XIV.
Consulting Industry Resources
CFO Executive Board 2000 Pennsylvania Ave. NW, Ste. 6000 Washington, DC 20006 US Phone: 202-777-5000 Fax: 202-777-5100 Web Address: www.cfo.executiveboard.com The CFO Executive Board is a research organization that works to serve the interests of senior finance executives from the world's largest corporations.
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XV.
Corporate Information Resources
bizjournals.com 120 W. Morehead St., Ste. 400 Charlotte, NC 28202 US Web Address: www.bizjournals.com Bizjournals.com is the online media division of American City Business Journals, the publisher of dozens of leading city business journals nationwide. It provides access to research into the latest news regarding companies small and large. Business Wire 44 Montgomery St., 39th Fl. San Francisco, CA 94104 US Phone: 415-986-4422 Fax: 415-788-5335 Toll Free: 800-227-0845 Web Address: www.businesswire.com Business Wire offers news releases, industry- and company-specific news, top headlines, conference calls, IPOs on the Internet, media services and access to tradeshownews.com and BW Connect On-line through its informative and continuously updated web site. Edgar Online, Inc. 50 Washington St., 11th Fl. Norwalk, CT 06854 US Phone: 203-852-5666 Fax: 203-852-5667 Toll Free: 800-416-6651 E-mail Address:
[email protected] Web Address: www.edgar-online.com Edgar Online, Inc. is a gateway and search tool for viewing corporate documents, such as annual reports on Form 10-K, filed with the U.S. Securities and Exchange Commission. PR Newswire Association LLC 810 7th Ave., 32nd Fl. New York, NY 10019 US Phone: 201-360-6700 Toll Free: 800-832-5522 E-mail Address:
[email protected] Web Address: www.prnewswire.com PR Newswire Association LLC provides comprehensive communications services for public relations and investor relations professionals ranging from information distribution and market intelligence to the creation of online multimedia content and investor relations web sites. Users can also view
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recent corporate press releases. The Association is owned by United Business Media plc. Silicon Investor 100 W. Main P.O. Box 29 Freeman, MO 64746 US E-mail Address:
[email protected] Web Address: siliconinvestor.advfn.com Silicon Investor is focused on providing information about technology companies. The company's web site serves as a financial discussion forum and offers quotes, profiles and charts. XVI.
Credit Union Associations
Credit Union National Association (CUNA) 5710 Mineral Point Rd. Madison, WI 53705 US Fax: 608-231-4263 Toll Free: 800-356-9655 E-mail Address:
[email protected] Web Address: www.cuna.org Credit Union National Association (CUNA), based in Washington, D.C. and Madison, Wisconsin, is a premier national trade association serving America's credit unions. XVII. Economic Data & Research Bloomberg LP 731 Lexington Ave. New York, NY 10022 US Phone: 212-318-2000 Fax: 917-369-5000 Web Address: www.bloomberg.com Bloomberg LP is one of the world's premier providers of archived financial information online. Dismal Scientist Moody’s Economy.com 121 N. Walnut St., Ste. 500 West Chester, PA 19380-3166 US Phone: 610-235-5299 Fax: 610-235-5302 Toll Free: 866-275-3266 Web Address: www.economy.com/dismal Dismal Scientist, geared towards small business owners and students, is a site that offers economic data and analysis (written by economists) at the metro, state and national level. It is run by Moody’s Economy.com, which is owned by Moody’s Analytics, Inc.
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EconData.Net Andrew Reamer & Associates 3133 Connecticut Ave. NW, Ste. 317 Washington, DC 20009 US Phone: 202-797-3498 Web Address: www.econdata.net EconData.Net is designed to help practitioners, researchers, students and other data users quickly gain access to relevant state and substate socioeconomic data. The web site is owned and operated by two firms: Andrew Reamer & Associates; and Impresa, Inc. Eurostat Phone: 32-2-299-9696 Toll Free: 800-6789-1011 Web Address: epp.eurostat.ec.europa.eu Eurostat is the European Union's service that publishes a wide variety of comprehensive statistics on European industries, populations, trade, agriculture, technology, environment and other matters. Organization for Economic Co-operation and Development (OECD) 2 rue André Pascal, Cedex 16 Paris, F-75775 France Phone: 33-145-24-8200 Fax: 33-145-24-8500 Web Address: www.oecd.org The Organization for Economic Co-operation and Development (OECD) publishes detailed economic, government, population, social and trade statistics on a country-by-country basis for the 30 nations representing the world's largest economies. Sectors covered range from industry, labor, technology and patents, to health care, environment and globalization. STAT-USA/Internet STAT-USA, HCHB, Rm. 4885 U.S. Department of Commerce Washington, DC 20230 US Phone: 202-482-1986 Fax: 202-482-2164 Toll Free: 800-782-8872 E-mail Address:
[email protected] Web Address: www.stat-usa.gov STAT-USA/Internet offers daily economic news, statistical releases and databases relating to export and trade, as well as the domestic economy. It is provided by STAT-USA, which is an agency in the Economics & Statistics Administration of the U.S.
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Department of Commerce. The site mainly consists of two main databases, the State of the Nation (SOTN), which focuses on the current state of the U.S. economy; and the Global Business Opportunities (GLOBUS) & the National Trade Data Bank (NTDB), which deals with U.S. export opportunities, global political/socio-economic conditions and other world economic issues. XVIII.
Federal Reserve System District Offices
Federal Reserve Bank of Atlanta 1000 Peachtree St. NE Atlanta, GA 30309-4470 US Phone: 404-498-8500 Web Address: www.frbatlanta.org The Federal Reserve Bank of Atlanta is one of 12 regional Reserve Banks that serve as the nation's central bank. Its web site includes information on the bank, community affairs, economic research and education and financial services, as well as information for financial institutions. Federal Reserve Bank of Boston 600 Atlantic Ave. Boston, MA 02210 US Phone: 617-973-3000 E-mail Address:
[email protected] Web Address: www.bos.frb.org The Federal Reserve Bank of Boston is one of 12 regional Reserve Banks that serve as the nation's central bank. Its web site includes information on the bank, community affairs, economic research and education and financial services, as well as information for financial institutions. Federal Reserve Bank of Chicago 230 S. LaSalle St. Chicago, IL 60604-1413 US Phone: 312-322-5322 Web Address: www.chicagofed.org The Federal Reserve Bank of Chicago is one of 12 regional Reserve Banks that serve as the nation's central bank. Its web site includes information on the bank, community affairs, economic research and education and financial services, as well as information for financial institutions. Federal Reserve Bank of Cleveland P.O. Box 6387 Cleveland, OH 44101-1387 US Phone: 216-579-2000 Web Address: www.clevelandfed.org
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The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that serve as the nation's central bank. Its web site includes information on the bank, community affairs, economic research and education and financial services, as well as information for financial institutions. Federal Reserve Bank of Dallas 2200 N. Pearl St. Dallas, TX 75201 US Phone: 214-922-6000 Toll Free: 800-333-4460 E-mail Address:
[email protected] Web Address: www.dallasfed.org The Federal Reserve Bank of Dallas is one of 12 regional Reserve Banks that serve as the nation's central bank. Its web site includes information on the bank, community affairs, economic research and education and financial services, as well as information for financial institutions. Federal Reserve Bank of Kansas City 925 Grand Blvd. Kansas City, MO 64198-0001 US Toll Free: 800-333-1010 Web Address: www.kc.frb.org The Federal Reserve Bank of Kansas City is one of 12 regional Reserve Banks that serve as the nation's central bank. Its web site includes information on the bank, community affairs, economic research and education and financial services, as well as information for financial institutions. Federal Reserve Bank of Minneapolis 90 Hennepin Ave. Minneapolis, MN 55401 US Phone: 612-204-5000 Web Address: www.minneapolisfed.org The Federal Reserve Bank of Minneapolis is one of 12 regional Reserve Banks that serve as the nation's central bank. Its web site includes information on the bank, community affairs, economic research and education and financial services, as well as information for financial institutions. Federal Reserve Bank of New York 33 Liberty St. New York, NY 10045 US Phone: 212-720-5000 E-mail Address:
[email protected] Web Address: www.ny.frb.org The Federal Reserve Bank of New York is one of 12 regional Reserve Banks that serve as the nation's
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central bank. Its web site includes information on the bank, community affairs, economic research and education and financial services, as well as information for financial institutions. Federal Reserve Bank of Philadelphia 10 Independence Mall Philadelphia, PA 19106-1574 US Phone: 215-574-6000 Web Address: www.phil.frb.org The Federal Reserve Bank of Philadelphia is one of 12 regional Reserve Banks that serve as the nation's central bank. Its web site includes information on the bank, community affairs, economic research and education and financial services, as well as information for financial institutions. Federal Reserve Bank of Richmond 701 E. Byrd St. Richmond, VA 23219 US Phone: 804-697-8000 E-mail Address:
[email protected] Web Address: www.rich.frb.org The Federal Reserve Bank of Richmond is one of 12 regional Reserve Banks that serve as the nation's central bank. Its web site includes information on the bank, community affairs, economic research and education and financial services, as well as information for financial institutions. Federal Reserve Bank of San Francisco 101 Market St. San Francisco, CA 94105 US Phone: 415-974-2000 Web Address: www.frbsf.org The Federal Reserve Bank of San Francisco is one of 12 regional Reserve Banks that serve as the nation's central bank. Its web site includes information on the bank, community affairs, economic research and education and financial services, as well as information for financial institutions. Federal Reserve Bank of St. Louis 1 Federal Reserve Bank Plz. P.O. Box 442 St. Louis, MO 63166 US Phone: 314-444-8444 Toll Free: 800-333-0810 E-mail Address:
[email protected] Web Address: www.stls.frb.org The Federal Reserve Bank of St. Louis is one of 12 regional Reserve Banks that serve as the nation's central bank. Its web site includes information on the
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bank, community affairs, economic research and education and financial services, as well as information for financial institutions. XIX.
Financial Industry Resources
SNL Financial 1 SNL Plaza P.O. Box 2124 Charlottesville, VA 22902 US Phone: 434-977-1600 Fax: 434-984-8028 E-mail Address:
[email protected] Web Address: www.snl.com SNL Financial provides industry-specific research and statistics in the banking, financial services, insurance, real estate and energy sectors. XX.
Financial Planners & Advisors Associations
Certified Financial Planner Board of Standards, Inc. 1670 Broadway, Ste. 600 Denver, CO 80202-4809 US Phone: 303-830-7500 Fax: 303-860-7388 Toll Free: 888-237-6275 E-mail Address:
[email protected] Web Address: www.cfp.net The Certified Financial Planner Board of Standards, Inc. is designed to help people benefit from competent, professional, and ethical financial planning. It provides training, testing and certification for the CFP designation (Certified Financial Planner). CFA Institute 560 Ray C. Hunt Dr. Charlottesville, VA 22903 US Phone: 434-951-5499 Toll Free: 800-247-8132 E-mail Address:
[email protected] Web Address: www.cfainstitute.org The CFA Institute (formerly the Association for Investment Management and Research) provides training, testing and professional certification in the CFA (Chartered Financial Analyst) designation and the CIPM (Certificate in Performance Measurement) designation. Headquartered in the U.S., it has 135 chapters worldwide and more than 90,000 members.
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Institute of Financial Consultants (IFC) 1090 W. Pender St., Ste. 420 Vancouver, BC V6E 2N7 Canada Fax: 604-687-1221 E-mail Address:
[email protected] Web Address: www.ifconsultants.org The Institute of Financial Consultants (IFC) is a worldwide network of certified financial consultants offering an educational program leading to the CFC (Certified Financial Consultant) designation. Members of the Institute are drawn from the related but separate fields of accountancy, insurance, law, funds management, tax and pensions. International Association of Registered Financial Consultants (IARFC) 2507 N. Verity Pkwy. P.O. Box 42506 Middletown, OH 45042 US Fax: 513-424-5752 Toll Free: 800-532-9060 E-mail Address:
[email protected] Web Address: www.iarfc.org The International Association of Registered Financial Consultants (IARFC) is a professional organization for the accreditation of financial consultants. It provides testing and certification for the RFC (Registered Financial Consultant) designation. XXI.
Industry Research/Market Research
Forrester Research 400 Technology Sq. Cambridge, MA 02139 US Phone: 617-613-6000 Fax: 617-613-5200 Toll Free: 866-367-7378 E-mail Address:
[email protected] Web Address: www.forrester.com Forrester Research identifies and analyzes emerging trends in technology and their impact on business. Among the firm's specialties are the financial services, retail, health care, entertainment, automotive and information technology industries. Marketresearch.com 11200 Rockville Pike, Ste. 504 Rockville, MD 20852 US Phone: 240-747-3000 Fax: 240-747-3004 Toll Free: 800-298-5699 E-mail Address:
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Web Address: www.marketresearch.com Marketresearch.com is a leading broker for professional market research and industry analysis. Users are able to search the company's database of research publications including data on global industries, companies, products and trends. Plunkett Research, Ltd. P.O. Drawer 541737 Houston, TX 77254-1737 US Phone: 713-932-0000 Fax: 713-932-7080 E-mail Address:
[email protected] Web Address: www.plunkettresearch.com Plunkett Research, Ltd. is a leading provider of market research, industry trends analysis and business statistics. Since 1985, it has served clients worldwide, including corporations, universities, libraries, consultants and government agencies. At the firm's web site, visitors can view product information and pricing and access a great deal of basic market information on industries such as financial services, InfoTech, e-commerce, health care and biotech. XXII.
Insurance Industry Resources
Insurance Information Institute 110 William St. New York, NY 10038 US Phone: 212-346-5500 E-mail Address:
[email protected] Web Address: www.iii.org The Insurance Information Institute works to improve public understanding of what insurance does and how it works. The group's web site provides information on all types of insurance, as well as facts, statistics, interviews and hot topics and issues. It also provides excellent statistics on financial services, banking and investment sectors. See the Facts and Statistics area. XXIII.
Investment Industry Resources
Money Market Directories (MMD) 320 E. Main St. P.O. Box 1608 Charlottesville, VA 22902 US Phone: 434-977-1450 Fax: 434-979-9962 Toll Free: 800-446-2810 Web Address: www.mmdaccess.com The Money Market Directories (MMD) provides information, often in the form of comprehensive
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databases, on the pension and financial services industries. XXIV.
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OpenIPO is an auction process for distributing stock individuals and institutional investors in initial public offerings. It is a service of WR Hambrech & Co.
Investment Information-Funds XXVI.
ETF Connect Web Address: www.etfconnect.com ETF Connect is a service of Nuveen Investments that offers information and advice for exchange-traded funds. iShares 1 Freedom Valley Dr. Oaks, PA 19456 US Toll Free: 800-474-2737 Web Address: www.ishares.com iShares offers investors information about exchangetraded fund from Barclays Global Investors. The company also offers equity, fixed-income and precious metals funds.
Leasing Industry Associations
ELFA (Equipment Leasing and Finance Association) 1825 K St. NW, Ste. 900 Washington, DC 20006 US Phone: 202-238-3400 Fax: 202-238-3401 E-mail Address:
[email protected] Web Address: www.elfaonline.org The Equipment Leasing and Finance Association (ELFA) is the trade association representing financial services companies and manufacturers engaged in financing commercial equipment of all types. XXVII. MBA Resources
Maxfunds.com E-mail Address:
[email protected] Web Address: www.maxfunds.com Maxfunds.com in an independent service that offers information and advice on mutual funds. The site has several custom metrics and data points to help uninformed investors make good decisions.
MBA Depot Phone: 512-499-8728 Web Address: www.mbadepot.com MBA Depot is an online community for MBA professionals.
XXV.
Commercial Mortgage Securities Association (CMSA) 30 Broad St., 28th Fl. New York, NY 10004-2304 US Phone: 212-509-1844 Fax: 212-509-1895 E-mail Address:
[email protected] Web Address: www.cmbs.org Commercial Mortgage Securities Association (CMSA) is an international trade organization for the commercial real estate capital markets.
IPOs (Initial Public Offerings)
123Jump.com, Inc. 235 Lincoln Rd. Miami Beach, FL 33139 US Web Address: www.123jump.com 123Jump.com, Inc. is an online financial web site dedicated to gathering, validating and archiving both historic and current information on public offerings for investors. The site also contains investment tools, such as an earnings analysis, an IPO calendar, an economic release calendar, industry sector tables, mutual funds sector tables, ETF tables and an IPO sector. OpenIPO 555 Lancaster Ave., Ste. 100 P.O. Box 677 Berwyn, PA 19312 US Phone: 415-551-8600 Fax: 415-551-8686 Toll Free: 877-828-5200 E-mail Address:
[email protected] Web Address: www.wrhambrecht.com
XXVIII. Mortgage Industry Associations
Mortgage Bankers Association (MBA) 1919 Pennsylvania Ave. NW Washington, DC 20006-3404 US Phone: 202-557-2700 Web Address: www.mbaa.org The Mortgage Bankers Association (MBA) serves the real estate finance industry by representing its legislative and regulatory interests before Congress and federal agencies; providing educational programs, periodicals and publications; and
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supporting its business interests with research initiatives, products and services. National Association of Mortgage Brokers (NAMB) 7900 Westpark Dr., Ste. T309 McLean, VA 22102 US Phone: 703-342-5900 Fax: 703-342-5905 Web Address: www.namb.org National Association of Mortgage Brokers (NAMB) is a national trade association representing the mortgage broker industry. NAMB promotes the industry through programs and services such as education, professional certification and governmental affairs representation. National Reverse Mortgage Lenders Association (NRMLA) 1400 16th St. NW, Ste. 420 Washington, DC 20036 US Phone: 202-939-1760 Web Address: www.nrmlaonline.org The National Reverse Mortgage Lenders Association (NRMLA) was established in 1997 to provide consumer education, industry events and information, and public policy initiatives for the reverse mortgage industry. XXIX.
Mortgage Industry Resources
E-Loan 6230 Stoneridge Mall Rd. Pleasanton, CA 94588 US Phone: 925-847-6200 Fax: 925-847-0831 Toll Free: 888-533-5333 Web Address: www.eloan.com E-Loan provides information on a large variety of loan types, debt consolidation, refinancing, home equity and mortgage management. Additionally, the companies website offers several loan calculators and free credit reports. Fannie Mae 3900 Wisconsin Ave. NW Washington, DC 20016-2892 US Phone: 202-752-7000 Toll Free: 800-732-6643 E-mail Address:
[email protected] Web Address: www.fanniemae.com Fannie Mae is one of the world's largest non-bank financial services companies and one of the nation's
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largest sources of financing for home mortgages. It operates under special sanction by the U.S. Congress. It's purpose is to provide liquidity in the national mortgage market. Federal Agricultural Mortgage Corporation 1133 21st St., NW, Ste. 600 Washington, DC 20036 US Fax: 202-872-7713 Toll Free: 800-879-3276 Web Address: www.farmermac.com Federal Agricultural Mortgage Corporation, known as Farmer Mac, is America's secondary market for agricultural real estate and rural housing mortgage loans. Congress created Farmer Mac in 1988 to improve the availability of mortgage credit to America's farmers, ranchers and rural homeowners, businesses and communities. Federal Citizen Information Center (FCIC) Rm. G-142 (XCC) 1800 F St., NW Washington, DC 20405 US Phone: 202-501-1794 Toll Free: 888-878-3256 Web Address: www.pueblo.gsa.gov The Federal Citizen Information Center (FCIC) offers information and resources for consumers on topics such as cars, children, education, housing, small businesses and more, as well as current consumer news. Federal Home Loan Mortgage Corporation (Freddie Mac) 8200 Jones Branch Dr. McLean, VA 22102-3110 US Phone: 703-903-2000 E-mail Address:
[email protected] Web Address: www.freddiemac.com The Federal Home Loan Mortgage Corporation (Freddie Mac) operates under special sanction by the U.S. Congress. Its purpose is to provide liquidity in the national mortgage market. Government National Mortgage Association (Ginnie Mae) 451 7th St., SW, Rm. B-133 Washington, DC 20410-9000 US Phone: 202-708-1535 Toll Free: 888-446-6434 E-mail Address:
[email protected] Web Address: www.ginniemae.gov
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The Government National Mortgage Association (Ginnie Mae) is a Federal Government enterprise that provides mortgages to low-income families.
Mortgage.com provides customers with rate quotes and with mortgages, home buying, refinancing and debt consolidation; it is powered by Citigroup, Inc.
Homepath Fannie Mae 3900 Wisconsin Ave., NW Washington, DC 20016-2892 US Toll Free: 800-732-6643 E-mail Address:
[email protected] Web Address: www.fanniemae.com/homebuyers/homepath Homepath, powered by Fannie Mae, helps users find a home, get the most out of their current home, find lenders and other services that will assist in the purchase of a home and help customers avoid mortgage fraud.
ReverseMortgage.org Web Address: www.reversemortgage.org ReverseMortgage.org is a web site that is maintained by the National Reverse Mortgage Lenders Association. ReverseMortgage.org offers excellent information to consumers who want to learn more about how reverse mortgages work.
LendingTree, LLC 11115 Rushmore Dr. Charlotte, NC 28277 US Phone: 704-943-8339 Toll Free: 800-555-8733 E-mail Address:
[email protected] Web Address: www.lendingtree.com LendingTree, LLC serves as an online loan center that connects borrowers to a nationwide network of lenders with exceptional speed and efficiency. LendingTree's simple online forms allow borrowers to provide required information in a matter of minutes. Additionally, the site's network of some of the most respected financial institutions in the United States allows for quick loan offers, often in less than 48 hours. Mortgage 101 Internet Brands, Inc. 909 N. Sepulveda Blvd., 11th Fl. El Segundo, CA 90245 US Toll Free: 888-265-1110 Web Address: www.mortgage101.com Mortgage 101 lets users find information on rates and local companies, as well as apply for financing. It also offers various calculators concerning refinancing, renting or buying and how much home can be afforded based on monthly mortgage payments. Mortgage 101 is a division of Internet Brands, Inc. Mortgage.com Toll Free: 866-422-9432 Web Address: www.mortgage.com
XXX.
Payment, E-Commerce and Data Interchange Technology
Data Interchange Standards Association (DISA) 7600 Leesburg Pike, Ste. 430 Falls Church, VA 22043 US Phone: 703-970-4480 Fax: 703-970-4488 E-mail Address:
[email protected] Web Address: www.disa.org The Data Interchange Standards Association (DISA) is a leading nonprofit organization that supports the development and use of electronic business interchange standards in e-commerce. Financial Services Technology Consortium (FSTC) 44 Wall St., 12th Fl. New York, NY 10005 US Phone: 212-461-7116 Fax: 646-349-3629 Web Address: www.fstc.org The Financial Services Technology Consortium (FSTC) sponsors project-oriented collaborative research and development on inter-bank technical projects affecting the entire financial services industry. Particular emphasis is placed on payment systems and services and the leveraging of new technologies that help banks cement customer relationships, boost operational efficiency and expand market reach. XXXI.
Pensions, Benefits & 401(k)s
Employee Benefits Security Administration (EBSA) 200 Constitution Ave. NW Washington, DC 20210 US Phone: 202-693-8700 Fax: 202-693-8736 Toll Free: 866-444-3272
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Web Address: www.dol.gov/ebsa The Employee Benefits Security Administration (EBSA) is a division of the U.S. Department of Labor, whose web site features a wealth of benefits information for both employers and employees. Included are the answers to such questions as to how a company's bankruptcy will affect its employees and what one should know about pension rights. XXXII. Pensions, Benefits & 401(k)s Associations Profit Sharing/401(k) Council of America (PSCA) 20 N. Wacker Dr., Ste. 3700 Chicago, IL 60606 US Phone: 312-419-1863 Fax: 312-419-1864 E-mail Address:
[email protected] Web Address: www.psca.org The Profit Sharing/401(k) Council of America (PSCA) is a national nonprofit association of 1,200 companies and their 6 million employees. The group expresses its members' interests to federal policymakers and offers practical, cost-effective assistance with profit sharing and 401(k) plan design, administration, investment, compliance and communication. Its web site offers a thorough glossary, statistics and educational material.
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Toll Free: 877-322-8228 Web Address: www.annualcreditreport.com AnnualCreditReport.com, created by Equifax, Experian and TransUnion, provides consumers with a centralized database of annual credit reports. Experian 475 Anton Blvd. Costa Mesa, CA 92626 US Phone: 714-830-7000 Fax: 714-830-2444 E-mail Address:
[email protected] Web Address: www.experian.com Experian offers country-specific information on credit advice, investigation, reports and credit management, as well as a consumer knowledge center. Privacy Guard Toll Free: 877-202-8828 E-mail Address:
[email protected] Web Address: www.privacyguard.com Privacy Guard offers consumers, for a small yearly fee, credit report monitoring services. Members receive unlimited copies of their TRW report, notification by mail every time a creditor downloads their file and quarterly updates if somebody posts something negative about them.
XXXIII. Pensions, Benefits & 401(k)s Resources
XXXV. Privacy & Consumer Matters
Pension Benefit Guarantee Corporation (PBGC) 1200 K St. NW Washington, DC 20005-4026 US Phone: 202-326-4343 Fax: 202-326-4344 E-mail Address:
[email protected] Web Address: www.pbgc.gov The Pension Benefit Guarantee Corporation (PBGC) is a U.S. Government agency that guarantees a portion of the retirement incomes of about 44 million American workers in about 30,000 private defined benefit pension plans. Its web site contains information regarding this guarantee, along with information on retirement planning and links to several related organizations.
Consumer Data Industry Association (CDIA) 1090 Vermont Ave. NW, Ste. 200 Washington, DC 20005-4905 US Phone: 202-371-0910 Fax: 202-371-0134 E-mail Address:
[email protected] Web Address: www.cdiaonline.org The Consumer Data Industry Association (CDIA) is an international trade association representing consumer information companies that provide fraud prevention and risk management products.
XXXIV. Personal Credit Reports AnnualCreditReport.com P.O. Box 105283 Atlanta, GA 30348-5283 US
Federal Trade Commission-Privacy 600 Pennsylvania Ave. NW Washington, DC 20580 US Toll Free: 877-382-4357 Web Address: www.ftc.gov/privacy Federal Trade Commission-Privacy is responsible for many aspects of business-to-consumer and businessto-business trade and regulation.
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National Fraud Information Center (NFIC) Toll Free: 800-876-7060 Web Address: www.fraud.org The National Fraud Information Center (NFIC) covers all types of fraud and provides information about reporting fraud, as well as posting fraud alerts. Privacy International 6-8, Amwell St., Clerkenwell London, EC1R 1UQ UK Phone: 44-208-123-7933 E-mail Address:
[email protected] Web Address: www.privacyinternational.org Privacy International is a government and business watchdog, alerting individuals to wiretapping and national security activities, medical privacy infringement, police information systems and the use of ID cards, video surveillance and data matching. TRUSTe 685 Market St., Ste. 270 San Francisco, CA 94105 US Phone: 415-520-3400 Fax: 415-520-3420 E-mail Address:
[email protected] Web Address: www.truste.org TRUSTe, a nonprofit agency, formed an alliance with all major portal sites to launch the Privacy Partnership campaign, a consumer education program designed to raise the awareness of Internet privacy issues. The organization works to meet the needs of business web sites while protecting user privacy. XXXVI. Securities Industry Associations International Swaps and Derivatives Association (ISDA) 360 Madison Ave, Fl. 16 New York, NY 10017 Phone: 212-901-6000 Fax: 212-901-6001 E-mail Address:
[email protected] Web Address: www.isda.org ISDA, the International Swaps and Derivatives Association, was chartered in 1985, and today has over 800 member institutions from 55 countries on six continents. These members include most of the world's major institutions that deal in privately negotiated derivatives, as well as many of the businesses, governmental entities and other end users that rely on over-the-counter derivatives to manage financial market risks inherent in their core economic activities The organization has offices in New York
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City, Washington D.C., London, Singapore, Brussels, Tokyo and Hong Kong. Investment Company Institute (ICI) 1401 H St. NW Washington, DC 20005 US Phone: 202-326-5891 E-mail Address:
[email protected] Web Address: www.ici.org The Investment Company Institute (ICI) is a national association of U.S. investment companies. It represents its members in matters of legislation, regulation, taxation, public information, economic and policy research, business operations and statistics. Investment Industry Association of Canada (IIAC) 11 King St. W, Ste. 1600 Toronto, Ontario M5H 4C7 Canada Phone: 416-364-2754 Fax: 416-364-4861 E-mail Address:
[email protected] Web Address: www.iiac.ca The Investment Industry Association of Canada (IIAC) is the trade organization for the Canadian investment industry, representing over 200 investment and investment-related firms. National Securities Clearing Corp. (NSCC) Phone: 212-855-1000 Fax: 212-363-5284 Web Address: www.nscc.com National Securities Clearing Corp. (NSCC) is a leading provider of centralized clearance, settlement and information services to the financial services industry. North American Securities Administrators Association (NASAA) 750 1st St. NE, Ste. 1140 Washington, DC 20002 US Phone: 202-737-0900 Fax: 202-783-3571 E-mail Address:
[email protected] Web Address: www.nasaa.org The North American Securities Administrators Association (NASAA) is the oldest international organization devoted to investor protection. It is a voluntary association of securities administrators.
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Securities Industry and Financial Markets Association (SIFMA) 120 Broadway, 35th Fl. New York, NY 10271-0080 US Phone: 212-313-1200 Fax: 212-313-1301 E-mail Address:
[email protected] Web Address: www.sifma.org The Securities Industry and Financial Markets Association (SIFMA), formed by the recent merger of the Securities Industry Association (SIA) and the Bond Market Association, brings together the shared interests of more than 650 securities and bond industry firms to accomplish common goals. Securities Investor Protection Corp. (SIPC) 805 15th St. NW, Ste. 800 Washington, DC 20005-2215 US Phone: 202-371-8300 Fax: 202-371-6728 E-mail Address:
[email protected] Web Address: www.sipc.org Securities Investor Protection Corp. (SIPC) acts as a trustee and works with an independent courtappointed trustees in missing asset cases to recover funds. XXXVII. Trade Associations BUSINESSEUROPE 168 Av. de Cortenbergh Brussels, 1000 Belgium Phone: 32 0 2 237 65 11 Fax: 32 0 2 231 14 45 E-mail Address:
[email protected] Web Address: www.businesseurope.eu BUSINESSEUROPE is a major European trade federation that operates in a manner similar to a chamber of commerce. Its members are the central national business federations of the 34 countries throughout Europe from which they come. Companies cannot become direct members of BUSINESSEUROPE, though there is a support group which offers the opportunity for firms to encourage BUSINESSEUROPE objectives in various ways. XXXVIII. Trade Associations-Global World Trade Organization (WTO) Centre William Rappard Rue de Lausanne 154 Geneva 21, CH-1211 Switzerland Phone: 41-22-739-51-11
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Fax: 41-22-731-42-06 E-mail Address:
[email protected] Web Address: www.wto.org The World Trade Organization (WTO) is a global organization dealing with the rules of trade between nations. To become a member, nations must agree to abide by certain guidelines. Membership increases a nation's ability to import and export efficiently. XXXIX.
U.S. Government Agencies
Board of Governors of the Federal Reserve System (FRB) 20th St. and Constitution Ave. NW Washington, DC 20551 US Phone: 202-452-3000 Web Address: www.federalreserve.gov The Board of Governors of the Federal Reserve System (FRB) regulates the national banking system to promote a more stable monetary and financial system. Bureau of Economic Analysis (BEA) 1441 L St. NW Washington, DC 20230 US Phone: 202-606-9900 E-mail Address:
[email protected] Web Address: www.bea.gov The Bureau of Economic Analysis (BEA), an agency of the U.S. Department of Commerce, is the nation's economic accountant, preparing estimates that illuminate key national, international and regional aspects of the U.S. economy. Bureau of Labor Statistics (BLS) Postal Squre Bldg. 2 Massachusetts Ave. NE Washington, DC 20212-0001 US Phone: 202-691-5200 Web Address: stats.bls.gov The Bureau of Labor Statistics (BLS) is the principal fact-finding agency for the Federal Government in the field of labor economics and statistics. It is an independent national statistical agency that collects, processes, analyzes and disseminates statistical data to the American public, U.S. Congress, other federal agencies, state and local governments, business and labor. The BLS also serves as a statistical resource to the Department of Labor. Federal Deposit Insurance Corporation (FDIC) 1776 F St., NW Washington, DC 20006 US
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Toll Free: 877-275-3342 E-mail Address:
[email protected] Web Address: www.fdic.gov The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for at least $100,000; by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails. It is funded by premiums that banks and thrift institutions pay for deposit insurance coverage and from earnings on investments in U.S. Treasury securities. Federal Housing Administration (FHA) U.S. Dept of Housing & Urban Development 451 7th Street S.W. Washington, DC 20410 US Toll Free: 800-225-5342 Web Address: www.fha.gov The Federal Housing Administration, generally known as "FHA", is the largest government insurer of mortgages in the world, insuring over 35 million properties since its inception in 1934. A part of the United States Department of Housing and Urban Development (HUD), FHA provides mortgage insurance on single-family, multifamily, manufactured homes and hospital loans made by FHA-approved lenders throughout the United States and its territories. FedStats Web Address: www.fedstats.gov FedStats compiles information for statistics from over 100 U.S. federal agencies. Visitors can sort the information by agency, geography and topic, as well as perform searches. Government Printing Office (GPO) 732 N. Capitol St. NW Washington, DC 20401 US Phone: 202-512-0000 Fax: 202-512-2104 E-mail Address:
[email protected] Web Address: www.gpo.gov The U.S. Government Printing Office (GPO) is the primary information source concerning the activities of Federal agencies. GPO gathers, catalogues, produces, provides, authenticates and preserves published information.
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National Credit Union Administration (NCUA) 1775 Duke St. Alexandria, VA 22314-3428 US Phone: 703-518-6300 Toll Free: 800-755-1030 Web Address: www.ncua.gov The National Credit Union Administration (NCUA) is the federal agency that charters and supervises federal credit unions and insures savings in federal and most state-chartered credit unions across the country through the National Credit Union Share Insurance Fund (NCUSIF). Office of Federal Housing Enterprise Oversight (OFHEO) 1700 G St., NW, 4th Fl. Washington, DC 02552 US Phone: 202-414-3800 Fax: 202-414-3823 E-mail Address:
[email protected] Web Address: www.ofheo.gov The Office of Federal Housing Enterprise Oversight (OFHEO) publishes a housing price index along with many other very useful statistics about America's housing and mortgage sectors. U.S. Census Bureau 4700 Silver Hill Rd. Washington, DC 20233-8800 US Phone: 301-763-3030 Fax: 301-457-3670 E-mail Address:
[email protected] Web Address: www.census.gov The U.S. Census Bureau is the official collector of data about the people and economy of the U.S. Founded in 1790, it provides official social, demographic and economic information. U.S. Department of Commerce (DOC) 1401 Constitution Ave. NW Washington, DC 20230 US Phone: 202-482-2000 E-mail Address:
[email protected] Web Address: www.doc.gov The U.S. Department of Commerce (DOC) regulates trade and provides valuable economic analysis of the economy. U.S. Department of Labor (DOL) Frances Perkins Bldg. 200 Constitution Ave. NW Washington, DC 20210 US Toll Free: 866-487-2365
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Web Address: www.dol.gov The U.S. Department of Labor (DOL) is the government agency responsible for labor regulations. This site provides tools to help citizens find out whether companies are complying with family and medical-leave requirements. U.S. Securities and Exchange Commission (SEC) 100 F St. NE Washington, DC 20549 US Phone: 202-942-8088 Toll Free: 800-732-0330 E-mail Address:
[email protected] Web Address: www.sec.gov The U.S. Securities and Exchange Commission (SEC) is a nonpartisan, quasi-judicial regulatory agency responsible for administering federal securities laws. These laws are designed to protect investors in securities markets and ensure that they have access to disclosure of all material information concerning publicly traded securities. Visitors to the web site can access the EDGAR database of corporate financial and business information.
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Chapter 4 THE BANKING & LENDING 300: WHO THEY ARE AND HOW THEY WERE CHOSEN Includes Indexes by Company Name, Industry & Location, And a Complete Table of Sales, Profits and Ranks
The companies chosen to be listed in PLUNKETT’S BANKING, MORTGAGES & CREDIT INDUSTRY ALMANAC comprise a unique list. THE BANKING & LENDING 300 (the actual count is 294 companies) were chosen specifically for their dominance in the many facets of the banking and lending industry in which they operate. Complete information about each firm can be found in the “Individual Profiles,” beginning at the end of this chapter. These profiles are in alphabetical order by company name. THE BANKING & LENDING 300 includes leading companies from all parts of North America, Latin America, Europe and Asia/Pacific, and from all banking and credit industry segments including regional, national and global banking; savings associations; mortgages; business lending; credit cards; and consumer loans. Simply stated, the list contains 294 of the largest, most successful, fastest growing firms in the world in banking and related industries. To be included in our list, the firms had to meet the following criteria:
1) Generally, these are corporations based in the U.S., however, the headquarters of 72 firms are located in other nations. 2) Prominence, or a significant presence, in banking, lending and supporting fields. (See the following Industry Codes section for a complete list of types of businesses that are covered). 3) The companies in THE BANKING & LENDING 300 do not have to be exclusively in the banking field. 4) Financial data and vital statistics must have been available to the editors of this book, either directly from the company being written about or from outside sources deemed reliable and accurate by the editors. A small number of companies that we would like to have included are not listed because of a lack of sufficient, objective data.
Plunkett Research, Ltd. INDEXES TO THE BANKING & LENDING 300, AS FOUND IN THIS CHAPTER AND IN THE BACK OF THE BOOK: Industry List, With Codes p. 78 Index of Rankings Within Industry Groups p. 80 Alphabetical Index p. 87 Index of Headquarters Location by U.S. State p. 90 Index of Non-U.S. Headquarters Location by Country p. 93 Index by Regions of the U.S. Where the Firms Have Locations p. 94 Index by Firms with Operations Outside the U.S. p. 102 Index of Firms Noted as “Hot Spots for Advancement” for Women/Minorities p. 400 Index by Subsidiaries, Brand Names and Selected Affiliations p. 402
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INDUSTRY LIST, WITH CODES This book refers to the following list of unique industry codes, based on the 1997 NAIC code system (NAIC is used by many analysts as a replacement for older SIC codes because NAIC is more specific to today’s industry sectors). Companies profiled in this book are given a primary NAIC code, reflecting the main line of business of each firm. Financial Services 514100 522110 522210 522220 522220A 522291 522310 522310A 522320 522390 523110 523120E 523130 523920 524113 524126 524126B 561450
Financial Data Financial Data Publishing- Print & Online Banking, Credit & Finance Banking Credit Card Issuing Financing--Automobiles Financing--Business Finance--Consumer Mortgages Mortgages, Online Payment & Transaction Processing Services Check Cashing Stocks & Investments Investment Banking Stock & Bond Brokerage-Online Foreign Currency Exchange Services Investment Management/Mutual Funds/Pension Funds Insurance Insurance-Life Insurance-Property & Casualty Insurance-Financial Guaranty Credit Bureaus Credit Bureaus
InfoTech 334111 511201
Computers & Electronics Manufacturing Computer Hardware, Manufacturing Software Computer Software, Accounting, Banking & Financial
Manufacturing 323000
Printing Services Printing
Retailing 445120
Food & Beverage Stores Convenience Stores
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Services 525930 530000
Real Estate Real Estate Investment Trusts - REITs Real Estate Operations & Development-General
Transportation 492110
Truck Courier/Express Delivery Service
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INDEX OF RANKINGS WITHIN INDUSTRY GROUPS Company ABBEY NATIONAL PLC AGRICULTURAL BANK OF CHINA ALLIANCE & LEICESTER ALLIED IRISH BANKS PLC AMCORE FINANCIAL INC AMEGY BANCORPORATION ANCHOR BANCORP WISCONSIN ARVEST HOLDINGS INC ASSOCIATED BANC-CORP ASTORIA FINANCIAL CORP AUSTRALIA AND NEW ZEALAND BANKING GROUP BANCA MONTE DEI PASCHI DI SIENA SPA BANCO POPULAR ESPANOL SA BANCO SANTANDER CENTRAL HISPANO SA BANCORPSOUTH INC BANCWEST CORPORATION BANK OF AMERICA CORP BANK OF CHINA (BOC) BANK OF HAWAII CORP BANK OF IRELAND BANK OF MONTREAL (BMO) BANK OF NEW YORK MELLON BANK OF NOVA SCOTIA (SCOTIABANK) BANK OF THE WEST INC BANKUNITED FINANCIAL CORP BARCLAYS PLC BB&T CORP BBVA (BANCO BILBAO VIZCAYA ARGENTARIA) BFC FINANCIAL CORPORATION BNP PARIBAS BOK FINANCIAL CORP CANADIAN IMPERIAL BANK OF COMMERCE CAPITAL ONE NA CAPITOL FEDERAL FINANCIAL CHEMICAL FINANCIAL CORP CHEVY CHASE BANK CHINA CONSTRUCTION BANK (CCB) CITIGROUP INC CITIZENS FINANCIAL GROUP INC CITIZENS REPUBLIC BANCORP CITY NATIONAL CORPORATION CNB CORPORATION
2007 Industry Sales Code (U.S. $ thousands) Banking 522110 522110 34,059,300 522110 9,590,000 522110 16,040,000 522110 420,933 522110 522110 334,974 522110 522110 1,620,493 522110 1,201,596 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110
Sales Rank
2007 Profits (U.S. $ thousands)
Profits Rank
27 53 40 129
1,560,900 550,000 290,000 28,241
48 64 69 132
136
38,972
127
80 83
285,752 124,822
70 87
24,463,500 7,657,900 5,725,700 72,260,000 1,033,041
35 57 60 12 96
3,375,600 1,707,700 1,953,300 10,020,000 137,943
36 46 44 7 86
124,321,000 31,130,000 842,362 15,460,000 21,410,000 11,331,000 28,020,000 3,782,200 1,002,934 79,700,000 10,671,000
6 30 101 41 38 46 32 70 97 10 49
14,982,000 5,490,000 183,703 2,210,000 2,240,000 2,219,000 4,250,000
3 21 78 43 41 42 27
81,379 8,760,000 1,734,000
106 10 45
54,340,000 953,857 140,726,500 1,160,737 24,540,000
17 98 2 88 34
8,940,000 -30,459 10,710,000 217,664 3,470,000
9 140 6 75 34
435,563 269,182 1,197,600 29,160,000 124,467,000 10,764,000 930,504 1,198,677 17,884
128 141 87 31 5 48 99 86 149
32,296 39,009 55,318 5,930,000 3,617,000 1,489,000 100,842 222,713 3,088
130 126 121 19 32 49 96 74 137
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Company COLONIAL BANCGROUP INC COLUMBIA BANK COMERICA INC COMMERCE BANCSHARES INC COMMERZBANK AG COMMONWEALTH BANK OF AUSTRALIA COMMUNITY BANK SYSTEM COMPASS BANCSHARES INC CORUS BANKSHARES INC CREDIT AGRICOLE SA CREDIT SUISSE GROUP CULLEN/FROST BANKERS INC DAEGU BANK LTD DANSKE BANK AKTIESELSKAB DESJARDINS GROUP DEUTSCHE BANK AG DEXIA GROUP DORAL FINANCIAL CORP DOWNEY FINANCIAL CORP DRESDNER BANK AG EAST WEST BANCORP INC FIFTH THIRD BANCORP FIRST BANCORP FIRST CITIZENS BANCSHARES FIRST COMMONWEALTH FINANCIAL CORP FIRST FINANCIAL BANCORP (OH) FIRST FRANKLIN CORP FIRST HORIZON NATIONAL CORPORATION FIRST MIDWEST BANCORP INC FIRST NIAGARA FINANCIAL GROUP INC FIRST REPUBLIC BANK FIRSTFED FINANCIAL CORP FIRSTMERIT CORPORATION FLAGSTAR BANCORP INC FLUSHING FINANCIAL CORP FNB CORP FULTON FINANCIAL CORP GUANGDONG DEVELOPMENT BANK CO LTD HANCOCK HOLDING COMPANY HANG SENG BANK LIMITED HARLEYSVILLE NATIONAL HBOS PLC HORIZON FINANCIAL CORP HSBC BANK CANADA HSBC HOLDINGS PLC HSBC NORTH AMERICA HOLDINGS INC HSBC USA HUDSON CITY BANCORP
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Industry Code 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110
2007 Sales
2007 Profits (U.S. $ thousands)
1,778,715
Sales Rank 78
180,925
Profits Rank 80
4,618,000 1,315,916 39,980,000 14,477,200 319,497
64 81 22 42 137
686,000 206,660 2,800,000 4,067,700 42,891
58 77 39 29 125
736,629 138,154,600 83,720,000 1,037,078
110 3 9 94
106,204 8,171,500 7,530,000 212,071
93 11 14 76
33,870,000
28
2,900,000
37
130,846,000 140,780,000 643,574 1,036,637 7,254,320 824,875 8,494,000 1,260,000 1,199,526 379,965 270,030 20,009 3,173,383 588,015 559,978
4 1 115 95 59 104 55 82 85 132 140 148 74 117 119
9,454,000 3,470,000 -170,908 56,599 626,061 161,167 1,076,000 70,000 108,617 46,250 35,681 456 -170,100 80,159 84,085
8 33 146 118 61 81 54 113 91 124 129 139 145 107 105
613,970 833,917 1,046,088 208,525 450,617 1,087,601
116 102 93 143 126 91
92,874 123,027 -39,225 20,185 69,678 152,718
99 89 142 135 114 83
463,994 5,098,000 237,899 34,209,000 98,448
125 63 142 26 147
73,892 2,371,500 26,595 7,078,800 19,028
111 40 133 16 136
73,450,000
11
19,133,000 91,000
1 101
2,134,778
77
295,858
68
(U.S. $ thousands)
Plunkett Research, Ltd.
Company HUNTINGTON BANCSHARES INC HYPO VEREINSBANK AG (HVB GROUP) ICICI BANK INDUSTRIAL & COMMERCIAL BANK OF CHINA (ICBC) INDUSTRIAL BANK OF KOREA INTERNATIONAL BANCSHARES CORPORATION INTESA SANPAOLO SPA IRWIN FINANCIAL CORP JP MORGAN CHASE & CO INC KBC GROUP NV KEYCORP KOOKMIN BANK LAURENTIAN BANK OF CANADA LLOYDS TSB GROUP PLC M&T BANK CORP MARSHALL & ILSLEY CORP MB FINANCIAL INC MIDLAND FINANCIAL CO MITSUBISHI UFJ FINANCIAL GROUP (MUFJ) MIZUHO FINANCIAL GROUP INC NATIONAL AUSTRALIA BANK NATIONAL BANK OF CANADA NATIONAL CITY CORPORATION NATIONAL PENN BANCSHARES NBT BANCORP INC NEW YORK COMMUNITY BANCORP INC NORDEA BANK AB NORTHERN TRUST CORP NORTHWEST BANCORP INC OCEANFIRST FINANCIAL CORP OLD NATIONAL BANCORP PACIFIC CAPITAL BANCORP PARK NATIONAL CORP PEOPLE'S UNITED BANK PFF BANCORP INC PNC FINANCIAL SERVICES GROUP INC POPULAR INC PROVIDENT BANKSHARES PROVIDENT FINANCIAL SERVICES INC R&G FINANCIAL CORP RECONTRUST COMPANY REGIONS FINANCIAL CORP ROYAL BANK OF CANADA ROYAL BANK OF SCOTLAND GROUP PLC (THE, RBS) SANTANDER BANCORP
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Industry Code 522110 522110 522110
2007 Sales 3,449,304 8,767,900 9,784,544
Sales Rank 72 54 52
522110 522110
51,525,500
522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110
2007 Profits 75,169 7,817,300 719,229
Profits Rank 108 13 57
20
10,717,800
5
824,874 22,250,000 154,789 71,372,000 35,220,000 7,925,000
105 37 144 13 24 56
121,312 3,380,000 -54,673 15,365,000 4,660,000 919,000
90 35 143 2 24 55
533,000 58,740,000 4,603,898 4,398,200 560,914
120 15 65 66 118
92,700 6,530,000 654,259
100 17 60
93,863
98
51,701,667 34,616,500 38,880,000 7,470,000 11,829,609 408,671 119,619 1,736,643 23,490,000 5,395,100 442,590 128,543 391,489 769,304 473,464 892,400 361,621 10,088,000 3,863,921 502,822 340,101
19 25 23 58 45 130 146 79 36 61 127 145 131 108 124 100 133 51 68 122 135
4,940,948 5,303,000 4,060,000 570,000 313,975 65,233 50,328 279,082 4,300,000 726,900 49,097 1,075 74,890 100,888 22,707 150,700 55,909 1,467,000 -64,493 32,130 37,380
23 22 30 63 67 116 122 71 26 56 123 138 109 95 134 85 119 50 144 131 128
10,939,051 43,570,000
47 21
1,251,095 5,770,000
53 20
108,450,000 822,330
7 106
14,620,000 -36,245
4 141
(U.S. $ thousands)
(U.S. $ thousands)
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Company SHINSEI BANK LIMITED SNS REAAL NV SOCIETE GENERALE GROUP SOUTH FINANCIAL GROUP SOVEREIGN BANCORP INC STANDARD CHARTERED PLC SUMITOMO MITSUI FINANCIAL GROUP (SMFG) SUNTRUST BANKS INC SUSQUEHANNA BANCSHARES SVB FINANCIAL GROUP SVENSKA HANDELSBANKEN AB SYNOVUS FINANCIAL CORP TCF FINANCIAL CORPORATION TD BANK NA TORONTO-DOMINION BANK (TD BANK) TRUSTMARK CORPORATION UCBH HOLDINGS INC UMB FINANCIAL CORP UNICREDIT SPA (UNICREDIT GROUP) UNIONBANCAL CORPORATION UNITED BANKSHARES INC UNITED COMMUNITY BANKS INC UNITED OVERSEAS BANK LTD US BANCORP VALLEY NATIONAL BANCORP W HOLDING COMPANY INC WACHOVIA CORP WEBSTER FINANCIAL CORP WELLS FARGO & CO WESTAMERICA BANCORPORATION WHITNEY HOLDING CORP WILMINGTON TRUST CORP WINTRUST FINANCIAL CORP ZIONS BANCORP
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Industry Code 522110 522110 522110 522110 522110 522110
2007 Sales (U.S. $ thousands)
2,418,400 10,240,000 103,440,000 496,092 5,274,065 21,250,000
Sales Rank 76 50 8 123 62 39
522110 33,040,000 29 522110 13,826,315 44 522110 658,673 114 522110 664,770 113 522110 4,350,000 67 522110 2,627,432 75 522110 1,091,634 90 522110 522110 26,510,000 33 522110 705,590 111 522110 751,936 109 522110 703,798 112 522110 63,670,000 14 522110 3,860,718 69 522110 504,659 121 522110 299,534 138 522110 3,234,800 73 522110 13,936,000 43 522110 827,097 103 522110 1,080,000 92 522110 56,662,000 16 522110 1,201,472 84 522110 53,593,000 18 522110 295,150 139 522110 787,787 107 522110 1,112,900 89 522110 341,638 134 522110 3,775,878 71 Check Cashing ACE CASH EXPRESS INC 522390 366,200 1 CHECK INTO CASH INC 522390 31,500 4 CNG FINANCIAL CORP 522390 358,800 2 DOLLAR FINANCIAL CORP 522390 291,566 3 Computer Hardware, Manufacturing DIEBOLD INC 334111 2,953,000 1 Computer Software, Accounting, Banking & Financial BOTTOMLINE TECHNOLOGIES 511201 71,265 6 CORILLIAN CORP 511201 CYBERSOURCE CORP 511201 116,999 4 DIGITAL INSIGHT CORP 511201 FUNDTECH LTD 511201 104,634 5
2007 Profits -603,700 680,000 1,300,000 73,276 -1,349,262 2,810,000
Profits Rank 147 59 52 112 148 38
3,760,000 1,634,015 69,093 123,638 240,000 526,305 266,808
31 47 115 88 73 65 72
4,200,000 108,595 102,308 74,213 7,190,000 608,094 90,674 57,993 1,406,100 4,324,000 153,228 90,000 6,312,000 96,773 8,057,000 89,776 151,054 182,000 55,653 493,745
28 92 94 110 15 62 102 117 51 25 82 103 18 97 12 104 84 79 120 66
-357
1
-27,854
6
2,429
5
7,107
4
(U.S. $ thousands)
Plunkett Research, Ltd. 2007 Industry Sales Sales Code Rank (U.S. $ thousands) INTUIT INC 511201 2,672,947 1 ONLINE RESOURCES CORP 511201 135,132 3 S1 CORPORATION 511201 204,925 2 Convenience Stores SEVEN & I HOLDINGS CO LTD 445120 48,523,850 1 Courier/Express Delivery Service DEUTSCHE POST AG 492110 86,900,000 1 Credit Bureaus DUN & BRADSTREET CORP (THE, D&B) 561450 1,599,200 5 EQUIFAX INC 561450 1,843,000 4 EXPERIAN AMERICAS 561450 1,994,000 3 EXPERIAN PLC 561450 3,481,000 1 FAIR ISAAC CORPORATION 561450 822,236 6 MOODY'S CORPORATION 561450 2,300,000 2 STANDARD & POORS (S&P) 561450 TRANSUNION LLC 561450 Credit Card Issuing ADVANTA CORP 522210 562,144 7 AMERICAN EXPRESS CO 522210 27,731,000 1 BARCLAYS BANK DELAWARE 522210 CAPITAL ONE FINANCIAL CORP 522210 19,132,379 2 COMPUCREDIT CORPORATION 522210 1,760,014 6 DISCOVER FINANCIAL SERVICES INC 522210 6,434,288 3 MASTERCARD INC 522210 4,067,599 4 VISA INC 522210 3,589,796 5 VISA USA INC 522210 Financial Data Publishing-Print & Online BANKRATE INC 514100 95,592 1 Financing--Automobiles AMERICREDIT CORP 522220 2,339,923 4 CAPITAL ONE AUTO FINANCE 522220 CHRYSLER FINANCIAL SERVICES LLC 522220 CONSUMER PORTFOLIO SERVICES INC 522220 394,550 5 CREDIT ACCEPTANCE CORP 522220 239,927 6 FORD MOTOR CREDIT CO 522220 18,638,000 2 GMAC FINANCIAL SERVICES 522220 21,187,000 1 MERCEDES-BENZ CREDIT CORPORATION 522220 ONYX ACCEPTANCE CORP 522220 TOYOTA MOTOR CREDIT CORP 522220 7,296,000 3 Financing--Business CAPMARK FINANCIAL GROUP 522220A CIT GROUP INC 522220A 8,605,000 3 FINANCIAL FEDERAL CORP 522220A 191,254 4 GE COMMERCIAL FINANCE 522220A 34,288,000 2 GE HEALTHCARE FINANCIAL SERVICES 522220A GENERAL ELECTRIC CO (GE) 522220A 172,738,000 1 MEDALLION FINANCIAL CORP 522220A 53,837 5
Company
www.plunkettresearch.com 2007 Profits 440,003 10,946 19,495
Profits Rank 1 3 2
1,212,720
1
1,900,000
1
298,100 272,700
3 4
463,000 104,650 701,500
2 5 1
72,050 4,012,000
5 1
1,570,332 -50,996 588,630 1,085,886 -1,076,095
2 6 4 3 7
20,054
1
360,249
2
13,858 54,916
4 3
-2,332,000
5
432,000
1
-81,000 50,050 6,039,000
5 3 2
22,208,000 15,436
1 4
(U.S. $ thousands)
Plunkett Research, Ltd. 2007 Industry Sales Sales Code Rank (U.S. $ thousands) Financing--Consumer CITIFINANCIAL 522291 ENCORE CAPITAL GROUP INC 522291 254,011 6 GE MONEY 522291 25,019,000 1 GREEN TREE SERVICING LLC 522291 NELNET INC 522291 2,123,594 3 ORIGEN FINANCIAL INC 522291 114,167 7 QUICKEN LOANS INC 522291 SLM CORPORATION 522291 10,627,207 2 STUDENT LOAN CORP 522291 1,744,931 4 WORLD ACCEPTANCE CORP 522291 292,318 5 Foreign Currency Exchange Services TRAVELEX HOLDINGS LIMITED 523130 958,970 1 Insurance-Financial Guaranty MBIA INC 524126B 3,122,422 1 MGIC INVESTMENT CORP 524126B 1,693,206 2 PMI GROUP INC 524126B 1,185,164 3 RADIAN GROUP INC 524126B 201,051 5 TRIAD GUARANTY INC 524126B 308,795 4 Insurance--Life ING AMERICAS 524113 ING GROUP (ING GROEP NV) 524113 230,838,400 1 SONY FINANCIAL HOLDINGS INC 524113 6,842,040 2 Insurance--Property & Casualty ALLIANZ SE 524126 157,683,000 1 Investment Banking GOLDMAN SACHS GROUP INC 523110 87,968,000 1 MORGAN STANLEY 523110 28,026,000 2 Investment Management/Mutual Funds/Pension Funds SEI INVESTMENTS CO 523920 1,369,028 2 STATE STREET CORP 523920 8,336,000 1 Mortgages AFFILIATE LENDING CORP 522310 CENTERLINE HOLDING CO 522310 572,927 7 CITIMORTGAGE INC 522310 COUNTRYWIDE FINANCIAL CORPORATION 522310 6,061,437 4 CTX MORTGAGE COMPANY LLC 522310 214,300 8 FANNIE MAE 522310 51,176,000 1 FEDERAL AGRICULTURAL MORTGAGE CORP (FARMER MAC) 522310 31,300 10 FIRST MORTGAGE CORP 522310 FIRSTCITY FINANCIAL CORP 522310 43,656 9 FREDDIE MAC 522310 41,215,000 2 GE REAL ESTATE 522310 INDYMAC FEDERAL BANK 522310 2,814,150 5 MERIDIAN CAPITAL GROUP LLC 522310 MERRILL LYNCH CREDIT CORP 522310 MUNICIPAL MORTGAGE & EQUITY 522310
Company
www.plunkettresearch.com 2007 Profits (U.S. $ thousands)
Profits Rank
15,042 4,280,000
5 1
32,854 -31,767
4 6
-896,394 182,691 47,896
7 2 3
189,990
1
-1,921,948 -1,670,018 -915,326 -1,290,299 -77,458
5 4 2 3 1
14,785,600 90,304
1 2
12,243,000
1
11,599,000 3,209,000
1 2
259,809 1,261,000
1 2
-60,128
5
-703,538
7
-2,050
3
4,400
1
2,185 -1,956,000
2 8
-614,808
6
Plunkett Research, Ltd. 2007 Industry Sales Sales Code Rank (U.S. $ thousands) PHH CORPORATION 522310 2,240,000 6 RESIDENTIAL CAPITAL LLC (RESCAP) 522310 7,567,883 3 SUNTRUST MORTGAGES INC 522310 UNIVERSAL AMERICAN MORTGAGE LLC 522310 Mortgages--Online DITECH.COM 522310A E-LOAN INC 522310A 147,000 2 LENDINGTREE LLC 522310A 356,200 1 Payment & Transaction Processing Services ALLIANCE DATA SYSTEMS CORPORATION 522320 2,291,189 6 CARDTRONICS INC 522320 378,298 15 CHECKFREE CORP 522320 972,644 9 COINSTAR INC 522320 546,297 13 COMDATA CORP 522320 411,600 14 CONVERGYS CORPORATION 522320 2,844,300 4 DST SYSTEMS INC 522320 2,302,500 5 EFD EFUNDS CORPORATION 522320 ELECTRONIC CLEARING HOUSE 522320 76,884 16 EURONET WORLDWIDE INC 522320 917,574 10 FIRST DATA CORP 522320 8,051,400 1 FISERV INC 522320 3,922,000 3 GLOBAL PAYMENTS INC 522320 1,061,523 8 IPAYMENT INC 522320 759,109 12 METAVANTE CORPORATION 522320 PAYPAL INC 522320 37,900 17 TOTAL SYSTEM SERVICES INC (TSYS) 522320 1,805,836 7 VERIFONE HOLDINGS INC 522320 902,892 11 WESTERN UNION COMPANY 522320 4,900,200 2 Printing DE LA RUE PLC 323000 1,347,500 2 DELUXE CORP 323000 1,606,367 1 HARLAND CLARKE 323000 Real Estate Investment Trusts - REITs DYNEX CAPITAL INC 525930 30,778 5 IMPAC MORTGAGE HOLDINGS 525930 1,342,797 2 NOVASTAR FINANCIAL INC 525930 366,246 4 REDWOOD TRUST INC 525930 855,540 3 THORNBURG MORTGAGE INC 525930 2,640,292 1 Real Estate Operations & Development--General HYPO REAL ESTATE HOLDING AG (HYPO BANK) 530000 376,000 1 Stock & Bond Brokerage--Online E*TRADE FINANCIAL CORP 523120E 3,569,711 1
Company
www.plunkettresearch.com 2007 Profits -12,000 -4,346,338
Profits Rank 4 9
-42,700
1
164,061 -27,090 124,438 -22,253
6 13 8 12
169,500 874,700
5 1
-2,381 53,160 -907,200 439,000 142,985 5,431
11 9 15 3 7 10
237,443 -34,016 857,300
4 14 2
137,600 143,515
2 1
8,899 -2,047,090 -724,277 -1,108,637 -1,545,678
1 5 2 3 4
722,100
1
-1,441,754
1
(U.S. $ thousands)
Plunkett Research, Ltd.
ALPHABETICAL INDEX ABBEY NATIONAL PLC ACE CASH EXPRESS INC ACXIOM CORP ADVANTA CORP AFFILIATE LENDING CORPORATION AFFILIATED COMPUTER SERVICES INC AGRICULTURAL BANK OF CHINA ALLIANCE & LEICESTER ALLIANCE DATA SYSTEMS CORPORATION ALLIANZ SE ALLIED IRISH BANKS PLC AMCORE FINANCIAL INC AMEGY BANCORPORATION AMERICAN EXPRESS CO AMERICREDIT CORP ANCHOR BANCORP WISCONSIN ARVEST HOLDINGS INC ASSOCIATED BANC-CORP ASTORIA FINANCIAL CORP AUSTRALIA AND NEW ZEALAND BANKING GROUP BANCA MONTE DEI PASCHI DI SIENA SPA BANCO POPULAR ESPANOL SA BANCO SANTANDER CENTRAL HISPANO SA BANCORPSOUTH INC BANCWEST CORPORATION BANK OF AMERICA CORP BANK OF CHINA (BOC) BANK OF HAWAII CORP BANK OF IRELAND BANK OF MONTREAL (BMO) BANK OF NEW YORK MELLON CORP BANK OF NOVA SCOTIA (SCOTIABANK) BANK OF THE WEST INC BANKRATE INC BANKUNITED FINANCIAL CORP BARCLAYS BANK DELAWARE BARCLAYS PLC BB&T CORP BBVA (BANCO BILBAO VIZCAYA ARGENTARIA) BFC FINANCIAL CORPORATION BNP PARIBAS BOK FINANCIAL CORP BOTTOMLINE TECHNOLOGIES INC CANADIAN IMPERIAL BANK OF COMMERCE CAPITAL ONE AUTO FINANCE INC CAPITAL ONE FINANCIAL CORP CAPITAL ONE NA CAPITOL FEDERAL FINANCIAL CAPMARK FINANCIAL GROUP INC CARDTRONICS INC CENTERLINE HOLDING COMPANY CHECK INTO CASH INC CHECKFREE CORP CHEMICAL FINANCIAL CORPORATION CHEVY CHASE BANK
www.plunkettresearch.com CHINA CONSTRUCTION BANK (CCB) CHRYSLER FINANCIAL SERVICES LLC CIT GROUP INC CITIFINANCIAL CITIGROUP INC CITIMORTGAGE INC CITIZENS FINANCIAL GROUP INC CITIZENS REPUBLIC BANCORP INC CITY NATIONAL CORPORATION CNB CORPORATION CNG FINANCIAL CORP COINSTAR INC COLONIAL BANCGROUP INC COLUMBIA BANK (THE) COMDATA CORP COMERICA INC COMMERCE BANCSHARES INC COMMERZBANK AG COMMONWEALTH BANK OF AUSTRALIA COMMUNITY BANK SYSTEM COMPASS BANCSHARES INC COMPUCREDIT CORPORATION CONSUMER PORTFOLIO SERVICES INC CONVERGYS CORPORATION CORILLIAN CORP CORUS BANKSHARES INC COUNTRYWIDE FINANCIAL CORPORATION CREDIT ACCEPTANCE CORP CREDIT AGRICOLE SA CREDIT SUISSE GROUP CTX MORTGAGE COMPANY LLC CULLEN/FROST BANKERS INC CYBERSOURCE CORP DAEGU BANK LTD (THE) DANSKE BANK AKTIESELSKAB DE LA RUE PLC DELUXE CORP DESJARDINS GROUP DEUTSCHE BANK AG DEUTSCHE POST AG DEXIA GROUP DIEBOLD INC DIGITAL INSIGHT CORP DISCOVER FINANCIAL SERVICES INC DITECH.COM DOLLAR FINANCIAL CORP DORAL FINANCIAL CORP DOWNEY FINANCIAL CORP DRESDNER BANK AG DST SYSTEMS INC DUN & BRADSTREET CORP (THE, D&B) DYNEX CAPITAL INC E*TRADE FINANCIAL CORPORATION EAST WEST BANCORP INC EFD EFUNDS CORPORATION ELECTRONIC CLEARING HOUSE INC E-LOAN INC ENCORE CAPITAL GROUP INC
Plunkett Research, Ltd. EQUIFAX INC EURONET WORLDWIDE INC EXPERIAN AMERICAS EXPERIAN PLC FAIR ISAAC CORPORATION FANNIE MAE FEDERAL AGRICULTURAL MORTGAGE CORP (FARMER MAC) FIFTH THIRD BANCORP FINANCIAL FEDERAL CORP FIRST BANCORP FIRST CITIZENS BANCSHARES INC FIRST COMMONWEALTH FINANCIAL CORP FIRST DATA CORP FIRST FINANCIAL BANCORP (OH) FIRST FRANKLIN CORP FIRST HORIZON NATIONAL CORPORATION FIRST MIDWEST BANCORP INC FIRST MORTGAGE CORP FIRST NIAGARA FINANCIAL GROUP INC FIRST REPUBLIC BANK FIRSTCITY FINANCIAL CORP FIRSTFED FINANCIAL CORP FIRSTMERIT CORPORATION FISERV INC FLAGSTAR BANCORP INC FLUSHING FINANCIAL CORP FNB CORP FORD MOTOR CREDIT CO FREDDIE MAC FULTON FINANCIAL CORP FUNDTECH LTD GE COMMERCIAL FINANCE GE HEALTHCARE FINANCIAL SERVICES GE MONEY GE REAL ESTATE GENERAL ELECTRIC CO (GE) GLOBAL PAYMENTS INC GMAC FINANCIAL SERVICES GOLDMAN SACHS GROUP INC GREEN TREE SERVICING LLC GUANGDONG DEVELOPMENT BANK CO LTD HANCOCK HOLDING COMPANY HANG SENG BANK LIMITED HARLAND CLARKE HARLEYSVILLE NATIONAL CORP HBOS PLC HORIZON FINANCIAL CORP HSBC BANK CANADA HSBC HOLDINGS PLC HSBC NORTH AMERICA HOLDINGS INC HSBC USA HUDSON CITY BANCORP HUNTINGTON BANCSHARES INC HYPO REAL ESTATE HOLDING AG (HYPO BANK) HYPO VEREINSBANK AG (HVB GROUP) ICICI BANK IMPAC MORTGAGE HOLDINGS INC
www.plunkettresearch.com INDUSTRIAL & COMMERCIAL BANK OF CHINA (ICBC) INDUSTRIAL BANK OF KOREA INDYMAC FEDERAL BANK ING AMERICAS ING GROUP INTERNATIONAL BANCSHARES CORPORATION INTESA SANPAOLO SPA INTUIT INC IPAYMENT INC IRWIN FINANCIAL CORP JP MORGAN CHASE & CO INC KBC GROUP NV KEYCORP KOOKMIN BANK LAURENTIAN BANK OF CANADA LENDINGTREE LLC LLOYDS TSB GROUP PLC M&T BANK CORP MARSHALL & ILSLEY CORP MASTERCARD INC MB FINANCIAL INC MBIA INC MEDALLION FINANCIAL CORP MERCEDES-BENZ CREDIT CORPORATION MERIDIAN CAPITAL GROUP LLC MERRILL LYNCH CREDIT CORPORATION METAVANTE CORPORATION MGIC INVESTMENT CORP MIDLAND FINANCIAL CO MITSUBISHI UFJ FINANCIAL GROUP INC MIZUHO FINANCIAL GROUP INC MOODY'S CORPORATION MORGAN STANLEY MUNICIPAL MORTGAGE & EQUITY NATIONAL AUSTRALIA BANK LTD NATIONAL BANK OF CANADA NATIONAL CITY CORPORATION NATIONAL PENN BANCSHARES INC NBT BANCORP INC NELNET INC NEW YORK COMMUNITY BANCORP INC NORDEA BANK AB NORTHERN TRUST CORP NORTHWEST BANCORP INC NOVASTAR FINANCIAL INC OCEANFIRST FINANCIAL CORP OLD NATIONAL BANCORP ONLINE RESOURCES CORP ONYX ACCEPTANCE CORP ORIGEN FINANCIAL INC PACIFIC CAPITAL BANCORP PARK NATIONAL CORP PAYPAL INC PEOPLE'S UNITED BANK PFF BANCORP INC PHH CORPORATION PMI GROUP INC (THE)
Plunkett Research, Ltd. PNC FINANCIAL SERVICES GROUP INC POPULAR INC PROVIDENT BANKSHARES CORP PROVIDENT FINANCIAL SERVICES INC QUICKEN LOANS INC R&G FINANCIAL CORP RADIAN GROUP INC RECONTRUST COMPANY REDWOOD TRUST INC REGIONS FINANCIAL CORP RESIDENTIAL CAPITAL LLC (RESCAP) ROYAL BANK OF CANADA ROYAL BANK OF SCOTLAND GROUP PLC (THE, RBS) S1 CORPORATION SANTANDER BANCORP SEI INVESTMENTS CO SEVEN & I HOLDINGS CO LTD SHINSEI BANK LIMITED SLM CORPORATION SNS REAAL NV SOCIETE GENERALE GROUP SONY FINANCIAL HOLDINGS INC SOUTH FINANCIAL GROUP (THE) SOVEREIGN BANCORP INC STANDARD CHARTERED PLC STATE STREET CORP STUDENT LOAN CORP SUMITOMO MITSUI FINANCIAL GROUP INC SUNTRUST BANKS INC SUNTRUST MORTGAGES INC SUSQUEHANNA BANCSHARES INC SVB FINANCIAL GROUP SVENSKA HANDELSBANKEN AB SYNOVUS FINANCIAL CORP TCF FINANCIAL CORPORATION TD BANK NA THORNBURG MORTGAGE INC TORONTO-DOMINION BANK (TD BANK) TOTAL SYSTEM SERVICES INC (TSYS) TOYOTA MOTOR CREDIT CORP TRANSUNION LLC TRAVELEX HOLDINGS LIMITED TRIAD GUARANTY INC TRUSTMARK CORPORATION UCBH HOLDINGS INC UMB FINANCIAL CORP UNICREDIT SPA (UNICREDIT GROUP) UNIONBANCAL CORPORATION UNITED BANKSHARES INC UNITED COMMUNITY BANKS INC UNITED OVERSEAS BANK LTD UNIVERSAL AMERICAN MORTGAGE LLC US BANCORP VALLEY NATIONAL BANCORP VASCO DATA SECURITY INTERNATIONAL INC VERIFONE HOLDINGS INC VISA INC
www.plunkettresearch.com VISA USA INC W HOLDING COMPANY INC WACHOVIA CORP WASHINGTON MUTUAL INC (WAMU) WEBSTER FINANCIAL CORP WELLS FARGO & CO WESTAMERICA BANCORPORATION WESTERN UNION COMPANY (THE) WHITNEY HOLDING CORP WILMINGTON TRUST CORP WINTRUST FINANCIAL CORP WORLD ACCEPTANCE CORP ZIONS BANCORP
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INDEX OF HEADQUARTERS LOCATION BY U.S. STATE To help you locate members of THE BANKING & LENDING 300 geographically, the city and state of the headquarters of each company are in the following index. ALABAMA COLONIAL BANCGROUP INC; Montgomery COMPASS BANCSHARES INC; Birmingham REGIONS FINANCIAL CORP; Birmingham
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COLORADO FIRST DATA CORP; Greenwood Village WESTERN UNION COMPANY (THE); Englewood
CONNECTICUT GE COMMERCIAL FINANCE; Stamford GE MONEY; Stamford GE REAL ESTATE; Norwalk GENERAL ELECTRIC CO (GE); Fairfield PEOPLE'S UNITED BANK; Bridgeport STUDENT LOAN CORP; Stamford WEBSTER FINANCIAL CORP; Waterbury
DELAWARE EFD EFUNDS CORPORATION; Scottsdale
BARCLAYS BANK DELAWARE; Wilmington WILMINGTON TRUST CORP; Wilmington
ARKANSAS
DISTRICT OF COLUMBIA
ARVEST HOLDINGS INC; Bentonville
FANNIE MAE; Washington, D.C. FEDERAL AGRICULTURAL MORTGAGE CORP (FARMER MAC); Washington, D.C.
ARIZONA
CALIFORNIA BANK OF THE WEST INC; San Francisco CAPMARK FINANCIAL GROUP INC; San Mateo CITY NATIONAL CORPORATION; Beverly Hills CONSUMER PORTFOLIO SERVICES INC; Irvine COUNTRYWIDE FINANCIAL CORPORATION; Calabasas CYBERSOURCE CORP; Mountain View DIGITAL INSIGHT CORP; Calabasas DITECH.COM; Costa Mesa DOWNEY FINANCIAL CORP; Newport Beach EAST WEST BANCORP INC; Pasadena ELECTRONIC CLEARING HOUSE INC; Camarillo E-LOAN INC; Pleasanton ENCORE CAPITAL GROUP INC; San Diego EXPERIAN AMERICAS; Costa Mesa FIRST MORTGAGE CORP; Diamond Bar FIRST REPUBLIC BANK; San Francisco FIRSTFED FINANCIAL CORP; Los Angeles IMPAC MORTGAGE HOLDINGS INC; Irvine INDYMAC FEDERAL BANK; Pasadena INTUIT INC; Mountain View ONYX ACCEPTANCE CORP; Foothill Ranch PACIFIC CAPITAL BANCORP; Santa Barbara PAYPAL INC; San Jose PFF BANCORP INC; Rancho Cucamonga PMI GROUP INC (THE); Walnut Creek RECONTRUST COMPANY; Simi Valley REDWOOD TRUST INC; Mill Valley SVB FINANCIAL GROUP; Santa Clara TOYOTA MOTOR CREDIT CORP; Torrance UCBH HOLDINGS INC; San Francisco UNIONBANCAL CORPORATION; San Francisco VERIFONE HOLDINGS INC; San Jose VISA INC; Foster City VISA USA INC; Foster City WELLS FARGO & CO; San Francisco WESTAMERICA BANCORPORATION; San Rafael
FLORIDA BANKRATE INC; North Palm Beach BANKUNITED FINANCIAL CORP; Coral Gables BFC FINANCIAL CORPORATION; Ft. Lauderdale MERRILL LYNCH CREDIT CORPORATION; Jacksonville UNIVERSAL AMERICAN MORTGAGE LLC; Clearwater
GEORGIA CHECKFREE CORP; Norcross COMPUCREDIT CORPORATION; Atlanta EQUIFAX INC; Atlanta GLOBAL PAYMENTS INC; Atlanta ING AMERICAS; Atlanta S1 CORPORATION; Norcross SUNTRUST BANKS INC; Atlanta SYNOVUS FINANCIAL CORP; Columbus TOTAL SYSTEM SERVICES INC (TSYS); Columbus UNITED COMMUNITY BANKS INC; Blairsville
HAWAII BANCWEST CORPORATION; Honolulu BANK OF HAWAII CORP; Honolulu
ILLINOIS AMCORE FINANCIAL INC; Rockford CORUS BANKSHARES INC; Chicago DISCOVER FINANCIAL SERVICES INC; Riverwoods FIRST MIDWEST BANCORP INC; Itasca GE HEALTHCARE FINANCIAL SERVICES; Chicago HSBC NORTH AMERICA HOLDINGS INC; Mettawa MB FINANCIAL INC; Chicago NORTHERN TRUST CORP; Chicago TRANSUNION LLC; Chicago
Plunkett Research, Ltd. WINTRUST FINANCIAL CORP; Lake Forest
INDIANA
www.plunkettresearch.com NOVASTAR FINANCIAL INC; Kansas City UMB FINANCIAL CORP; Kansas City
IRWIN FINANCIAL CORP; Columbus OLD NATIONAL BANCORP; Evansville
NEBRASKA
KANSAS
NEW HAMPSHIRE
CAPITOL FEDERAL FINANCIAL; Topeka EURONET WORLDWIDE INC; Leawood
BOTTOMLINE TECHNOLOGIES INC; Portsmouth
LOUISIANA WHITNEY HOLDING CORP; New Orleans
MAINE TD BANK NA; Portland
MARYLAND AFFILIATE LENDING CORPORATION; Olney CHEVY CHASE BANK; Bethesda CITIFINANCIAL; Baltimore COLUMBIA BANK (THE); Columbia MUNICIPAL MORTGAGE & EQUITY; Baltimore PROVIDENT BANKSHARES CORP; Baltimore
MASSACHUSETTS STATE STREET CORP; Boston
MICHIGAN CHEMICAL FINANCIAL CORPORATION; Midland CHRYSLER FINANCIAL SERVICES LLC; Farmington Hills CITIZENS REPUBLIC BANCORP INC; Flint CNB CORPORATION; Cheboygan CREDIT ACCEPTANCE CORP; Southfield FLAGSTAR BANCORP INC; Troy FORD MOTOR CREDIT CO; Dearborn GMAC FINANCIAL SERVICES; Detroit ORIGEN FINANCIAL INC; Southfield QUICKEN LOANS INC; Livonia
MINNESOTA DELUXE CORP; Shoreview FAIR ISAAC CORPORATION; Minneapolis GREEN TREE SERVICING LLC; St. Paul RESIDENTIAL CAPITAL LLC (RESCAP); Minneapolis TCF FINANCIAL CORPORATION; Wayzata US BANCORP; Minneapolis
MISSISSIPPI BANCORPSOUTH INC; Tupelo HANCOCK HOLDING COMPANY; Gulfport TRUSTMARK CORPORATION; Jackson
MISSOURI CITIMORTGAGE INC; O'Fallon COMMERCE BANCSHARES INC; Kansas City DST SYSTEMS INC; Kansas City
NELNET INC; Lincoln
NEW JERSEY DUN & BRADSTREET CORP (THE, D&B); Short Hills FUNDTECH LTD; Jersey City HUDSON CITY BANCORP; Paramus OCEANFIRST FINANCIAL CORP; Toms River PHH CORPORATION; Mt. Laurel PROVIDENT FINANCIAL SERVICES INC; Jersey City VALLEY NATIONAL BANCORP; Wayne
NEW MEXICO THORNBURG MORTGAGE INC; Santa Fe
NEW YORK AMERICAN EXPRESS CO; New York ASTORIA FINANCIAL CORP; Lake Success BANK OF NEW YORK MELLON CORP; New York CENTERLINE HOLDING COMPANY; New York CIT GROUP INC; New York CITIGROUP INC; New York COMMUNITY BANK SYSTEM; DeWitt E*TRADE FINANCIAL CORPORATION; New York FINANCIAL FEDERAL CORP; New York FIRST NIAGARA FINANCIAL GROUP INC; Lockport FLUSHING FINANCIAL CORP; Lake Success GOLDMAN SACHS GROUP INC; New York HSBC USA; New York JP MORGAN CHASE & CO INC; New York M&T BANK CORP; Buffalo MASTERCARD INC; Purchase MBIA INC; Armonk MEDALLION FINANCIAL CORP; New York MERIDIAN CAPITAL GROUP LLC; New York MOODY'S CORPORATION; New York MORGAN STANLEY; New York NBT BANCORP INC; Norwich NEW YORK COMMUNITY BANCORP INC; Westbury STANDARD & POORS (S&P); New York
NORTH CAROLINA BANK OF AMERICA CORP; Charlotte BB&T CORP; Winston-Salem FIRST CITIZENS BANCSHARES INC; Raleigh LENDINGTREE LLC; Charlotte TRIAD GUARANTY INC; Winston-Salem WACHOVIA CORP; Charlotte
OHIO CNG FINANCIAL CORP; Mason
Plunkett Research, Ltd. CONVERGYS CORPORATION; Cincinnati DIEBOLD INC; North Canton FIFTH THIRD BANCORP; Cincinnati FIRST FINANCIAL BANCORP (OH); Cincinnati FIRST FRANKLIN CORP; Cincinnati FIRSTMERIT CORPORATION; Akron HUNTINGTON BANCSHARES INC; Columbus KEYCORP; Cleveland NATIONAL CITY CORPORATION; Cleveland PARK NATIONAL CORP; Newark
OKLAHOMA BOK FINANCIAL CORP; Tulsa MIDLAND FINANCIAL CO; Oklahoma City
OREGON CORILLIAN CORP; Hillsboro
PENNSYLVANIA ADVANTA CORP; Spring House DOLLAR FINANCIAL CORP; Berwyn FIRST COMMONWEALTH FINANCIAL CORP; Indiana FNB CORP; Hermitage FULTON FINANCIAL CORP; Lancaster HARLEYSVILLE NATIONAL CORP; Harleysville NATIONAL PENN BANCSHARES INC; Boyertown NORTHWEST BANCORP INC; Warren PNC FINANCIAL SERVICES GROUP INC; Pittsburgh RADIAN GROUP INC; Philadelphia SEI INVESTMENTS CO; Oaks SOVEREIGN BANCORP INC; Philadelphia SUSQUEHANNA BANCSHARES INC; Lititz
RHODE ISLAND CITIZENS FINANCIAL GROUP INC; Providence
SOUTH CAROLINA SOUTH FINANCIAL GROUP (THE); Greenville WORLD ACCEPTANCE CORP; Greenville
TENNESSEE CHECK INTO CASH INC; Cleveland COMDATA CORP; Brentwood FIRST HORIZON NATIONAL CORPORATION; Memphis IPAYMENT INC; Nashville
TEXAS ACE CASH EXPRESS INC; Irving ALLIANCE DATA SYSTEMS CORPORATION; Dallas AMEGY BANCORPORATION; Houston AMERICREDIT CORP; Fort Worth CAPITAL ONE AUTO FINANCE INC; Plano CAPITAL ONE NA; Houston CARDTRONICS INC; Houston COMERICA INC; Dallas
www.plunkettresearch.com CTX MORTGAGE COMPANY LLC; Dallas CULLEN/FROST BANKERS INC; San Antonio FIRSTCITY FINANCIAL CORP; Waco HARLAND CLARKE; San Antonio INTERNATIONAL BANCSHARES CORPORATION; Laredo MERCEDES-BENZ CREDIT CORPORATION; Roanoke
UTAH ZIONS BANCORP; Salt Lake City
VIRGINIA CAPITAL ONE FINANCIAL CORP; McLean DYNEX CAPITAL INC; Glen Allen FREDDIE MAC; McLean ONLINE RESOURCES CORP; Chantilly SLM CORPORATION; Reston SUNTRUST MORTGAGES INC; Richmond
WASHINGTON COINSTAR INC; Bellevue HORIZON FINANCIAL CORP; Bellingham
WEST VIRGINIA UNITED BANKSHARES INC; Charleston
WISCONSIN ANCHOR BANCORP WISCONSIN; Madison ASSOCIATED BANC-CORP; Green Bay FISERV INC; Brookfield MARSHALL & ILSLEY CORP; Milwaukee METAVANTE CORPORATION; Milwaukee MGIC INVESTMENT CORP; Milwaukee
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INDEX OF NON-U.S. HEADQUARTERS LOCATION BY COUNTRY AUSTRALIA AUSTRALIA AND NEW ZEALAND BANKING GROUP; Melbourne COMMONWEALTH BANK OF AUSTRALIA; Sydney NATIONAL AUSTRALIA BANK LTD; Melbourne
BELGIUM DEXIA GROUP; Brussels KBC GROUP NV; Brussels
CANADA BANK OF MONTREAL (BMO); Toronto BANK OF NOVA SCOTIA (SCOTIABANK); Toronto CANADIAN IMPERIAL BANK OF COMMERCE; Toronto DESJARDINS GROUP; Levis HSBC BANK CANADA; Vancouver LAURENTIAN BANK OF CANADA; Montreal NATIONAL BANK OF CANADA; Montreal ROYAL BANK OF CANADA; Toronto TORONTO-DOMINION BANK (TD BANK); Toronto
CHINA AGRICULTURAL BANK OF CHINA; Beijing BANK OF CHINA (BOC); Beijing CHINA CONSTRUCTION BANK (CCB); Beijing GUANGDONG DEVELOPMENT BANK CO LTD; Guangzhou HANG SENG BANK LIMITED; Hong Kong INDUSTRIAL & COMMERCIAL BANK OF CHINA (ICBC); Beijing
DENMARK DANSKE BANK AKTIESELSKAB; Copenhagen
FRANCE BNP PARIBAS; Paris CREDIT AGRICOLE SA; Paris SOCIETE GENERALE GROUP; Paris
GERMANY ALLIANZ SE; Munich COMMERZBANK AG; Frankfurt am Main DEUTSCHE BANK AG; Frankfurt am Main DEUTSCHE POST AG; Bonn DRESDNER BANK AG; Frankfurt am Main HYPO REAL ESTATE HOLDING AG (HYPO BANK); Munich HYPO VEREINSBANK AG (HVB GROUP); Munich
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IRELAND BANK OF IRELAND; Dublin EXPERIAN PLC; Dublin
ITALY BANCA MONTE DEI PASCHI DI SIENA SPA; Siena INTESA SANPAOLO SPA; Torino UNICREDIT SPA (UNICREDIT GROUP); Milan
JAPAN MITSUBISHI UFJ FINANCIAL GROUP (MUFJ); Tokyo MIZUHO FINANCIAL GROUP INC; Tokyo SEVEN & I HOLDINGS CO LTD; Tokyo SHINSEI BANK LIMITED; Tokyo SONY FINANCIAL HOLDINGS INC; Tokyo SUMITOMO MITSUI FINANCIAL GROUP (SMFG); Tokyo
KOREA DAEGU BANK LTD (THE); Daegu INDUSTRIAL BANK OF KOREA; Chung-gu KOOKMIN BANK; Seoul
PUERTO RICO DORAL FINANCIAL CORP; San Juan FIRST BANCORP; Santurce POPULAR INC; Hato Rey R&G FINANCIAL CORP; San Juan SANTANDER BANCORP; San Juan W HOLDING COMPANY INC; Mayaguez
SINGAPORE UNITED OVERSEAS BANK LTD
SPAIN BANCO POPULAR ESPANOL SA; Madrid BANCO SANTANDER CENTRAL HISPANO SA; Madrid BBVA (BANCO BILBAO VIZCAYA ARGENTARIA); Bilbao
SWEDEN NORDEA BANK AB; Stockholm SVENSKA HANDELSBANKEN AB; Stockholm
SWITZERLAND CREDIT SUISSE GROUP; Zurich
THE NETHERLANDS ING GROUP (ING GROEP NV); Amsterdam SNS REAAL NV; Utrecht
UNITED KINGDOM INDIA ICICI BANK; Mumbai
ABBEY NATIONAL PLC; London ALLIANCE & LEICESTER; Leicester ALLIED IRISH BANKS PLC; Dublin
Plunkett Research, Ltd. DE LA RUE PLC; Basingstoke HBOS PLC; Edinburgh HSBC HOLDINGS PLC; London LLOYDS TSB GROUP PLC; London ROYAL BANK OF SCOTLAND GROUP PLC (THE, RBS); Edinburgh STANDARD CHARTERED PLC; London TRAVELEX HOLDINGS LIMITED; London
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INDEX BY REGIONS OF THE U.S. WHERE THE FIRMS HAVE LOCATIONS WEST ACE CASH EXPRESS INC ACXIOM CORP ADVANTA CORP AFFILIATED COMPUTER SERVICES INC ALLIANZ SE ALLIED IRISH BANKS PLC AMERICAN EXPRESS CO ASSOCIATED BANC-CORP BANCWEST CORPORATION BANK OF AMERICA CORP BANK OF CHINA (BOC) BANK OF HAWAII CORP BANK OF IRELAND BANK OF NEW YORK MELLON CORP BANK OF NOVA SCOTIA (SCOTIABANK) BANK OF THE WEST INC BANKRATE INC BARCLAYS BANK DELAWARE BBVA (BANCO BILBAO VIZCAYA ARGENTARIA) BFC FINANCIAL CORPORATION BNP PARIBAS BOK FINANCIAL CORP CAPITAL ONE FINANCIAL CORP CAPMARK FINANCIAL GROUP INC CENTERLINE HOLDING COMPANY CHECK INTO CASH INC CHECKFREE CORP CHRYSLER FINANCIAL SERVICES LLC CIT GROUP INC CITIFINANCIAL CITIGROUP INC CITY NATIONAL CORPORATION CNG FINANCIAL CORP COINSTAR INC COLONIAL BANCGROUP INC COMERICA INC COMMERCE BANCSHARES INC COMMERZBANK AG COMPASS BANCSHARES INC CONSUMER PORTFOLIO SERVICES INC CONVERGYS CORPORATION CORILLIAN CORP COUNTRYWIDE FINANCIAL CORPORATION CREDIT ACCEPTANCE CORP CREDIT SUISSE GROUP CTX MORTGAGE COMPANY LLC CYBERSOURCE CORP DE LA RUE PLC DELUXE CORP DEUTSCHE BANK AG DEXIA GROUP DIEBOLD INC DIGITAL INSIGHT CORP DISCOVER FINANCIAL SERVICES INC
Plunkett Research, Ltd. DITECH.COM DOLLAR FINANCIAL CORP DOWNEY FINANCIAL CORP DST SYSTEMS INC DUN & BRADSTREET CORP (THE, D&B) E*TRADE FINANCIAL CORPORATION EAST WEST BANCORP INC ELECTRONIC CLEARING HOUSE INC E-LOAN INC ENCORE CAPITAL GROUP INC EQUIFAX INC EURONET WORLDWIDE INC EXPERIAN AMERICAS EXPERIAN PLC FAIR ISAAC CORPORATION FINANCIAL FEDERAL CORP FIRST CITIZENS BANCSHARES INC FIRST DATA CORP FIRST MORTGAGE CORP FIRST REPUBLIC BANK FIRSTFED FINANCIAL CORP FISERV INC FLAGSTAR BANCORP INC FORD MOTOR CREDIT CO FUNDTECH LTD GE COMMERCIAL FINANCE GE MONEY GE REAL ESTATE GENERAL ELECTRIC CO (GE) GLOBAL PAYMENTS INC GMAC FINANCIAL SERVICES GOLDMAN SACHS GROUP INC GREEN TREE SERVICING LLC HARLAND CLARKE HORIZON FINANCIAL CORP HSBC HOLDINGS PLC HSBC NORTH AMERICA HOLDINGS INC HSBC USA IMPAC MORTGAGE HOLDINGS INC INDYMAC FEDERAL BANK ING AMERICAS ING GROUP INTUIT INC IPAYMENT INC IRWIN FINANCIAL CORP JP MORGAN CHASE & CO INC KEYCORP M&T BANK CORP MARSHALL & ILSLEY CORP MASTERCARD INC MB FINANCIAL INC MBIA INC MEDALLION FINANCIAL CORP MERIDIAN CAPITAL GROUP LLC METAVANTE CORPORATION MGIC INVESTMENT CORP MIDLAND FINANCIAL CO MITSUBISHI UFJ FINANCIAL GROUP INC
www.plunkettresearch.com MIZUHO FINANCIAL GROUP INC MOODY'S CORPORATION MORGAN STANLEY MUNICIPAL MORTGAGE & EQUITY NELNET INC NORTHERN TRUST CORP NOVASTAR FINANCIAL INC ONLINE RESOURCES CORP ONYX ACCEPTANCE CORP PACIFIC CAPITAL BANCORP PAYPAL INC PFF BANCORP INC PHH CORPORATION PMI GROUP INC (THE) PNC FINANCIAL SERVICES GROUP INC POPULAR INC RADIAN GROUP INC RECONTRUST COMPANY REDWOOD TRUST INC RESIDENTIAL CAPITAL LLC (RESCAP) ROYAL BANK OF CANADA S1 CORPORATION SEI INVESTMENTS CO SEVEN & I HOLDINGS CO LTD STATE STREET CORP SUMITOMO MITSUI FINANCIAL GROUP INC SVB FINANCIAL GROUP TCF FINANCIAL CORPORATION TOTAL SYSTEM SERVICES INC (TSYS) TOYOTA MOTOR CREDIT CORP TRANSUNION LLC TRAVELEX HOLDINGS LIMITED UCBH HOLDINGS INC UMB FINANCIAL CORP UNIONBANCAL CORPORATION UNITED OVERSEAS BANK LTD UNIVERSAL AMERICAN MORTGAGE LLC US BANCORP VERIFONE HOLDINGS INC VISA INC VISA USA INC WACHOVIA CORP WASHINGTON MUTUAL INC (WAMU) WELLS FARGO & CO WESTAMERICA BANCORPORATION WESTERN UNION COMPANY (THE) WILMINGTON TRUST CORP ZIONS BANCORP
SOUTHWEST ACE CASH EXPRESS INC ACXIOM CORP AFFILIATED COMPUTER SERVICES INC ALLIANCE DATA SYSTEMS CORPORATION ALLIANZ SE AMEGY BANCORPORATION AMERICAN EXPRESS CO AMERICREDIT CORP
Plunkett Research, Ltd. BANCORPSOUTH INC BANCWEST CORPORATION BANK OF AMERICA CORP BANK OF MONTREAL (BMO) BANK OF NEW YORK MELLON CORP BANK OF NOVA SCOTIA (SCOTIABANK) BANK OF THE WEST INC BBVA (BANCO BILBAO VIZCAYA ARGENTARIA) BNP PARIBAS BOK FINANCIAL CORP CAPITAL ONE AUTO FINANCE INC CAPITAL ONE FINANCIAL CORP CAPITAL ONE NA CAPMARK FINANCIAL GROUP INC CARDTRONICS INC CENTERLINE HOLDING COMPANY CHECK INTO CASH INC CHECKFREE CORP CHRYSLER FINANCIAL SERVICES LLC CIT GROUP INC CITIFINANCIAL CITIGROUP INC CNG FINANCIAL CORP COINSTAR INC COLONIAL BANCGROUP INC COMDATA CORP COMERICA INC COMPASS BANCSHARES INC CONVERGYS CORPORATION COUNTRYWIDE FINANCIAL CORPORATION CREDIT SUISSE GROUP CTX MORTGAGE COMPANY LLC CULLEN/FROST BANKERS INC DE LA RUE PLC DELUXE CORP DEUTSCHE BANK AG DIEBOLD INC DISCOVER FINANCIAL SERVICES INC DITECH.COM DOLLAR FINANCIAL CORP DOWNEY FINANCIAL CORP DUN & BRADSTREET CORP (THE, D&B) E*TRADE FINANCIAL CORPORATION EFD EFUNDS CORPORATION ELECTRONIC CLEARING HOUSE INC ENCORE CAPITAL GROUP INC EQUIFAX INC EXPERIAN AMERICAS FAIR ISAAC CORPORATION FINANCIAL FEDERAL CORP FIRST CITIZENS BANCSHARES INC FIRST DATA CORP FIRST MORTGAGE CORP FIRST REPUBLIC BANK FIRSTCITY FINANCIAL CORP FISERV INC FLAGSTAR BANCORP INC FORD MOTOR CREDIT CO
www.plunkettresearch.com GE COMMERCIAL FINANCE GE MONEY GE REAL ESTATE GENERAL ELECTRIC CO (GE) GLOBAL PAYMENTS INC GMAC FINANCIAL SERVICES GOLDMAN SACHS GROUP INC GREEN TREE SERVICING LLC HARLAND CLARKE HSBC HOLDINGS PLC HSBC NORTH AMERICA HOLDINGS INC HUNTINGTON BANCSHARES INC IMPAC MORTGAGE HOLDINGS INC INDYMAC FEDERAL BANK ING AMERICAS ING GROUP INTERNATIONAL BANCSHARES CORPORATION INTUIT INC IRWIN FINANCIAL CORP JP MORGAN CHASE & CO INC KEYCORP M&T BANK CORP MARSHALL & ILSLEY CORP MASTERCARD INC MB FINANCIAL INC MERCEDES-BENZ CREDIT CORPORATION MERIDIAN CAPITAL GROUP LLC MGIC INVESTMENT CORP MIDLAND FINANCIAL CO MIZUHO FINANCIAL GROUP INC MOODY'S CORPORATION MORGAN STANLEY MUNICIPAL MORTGAGE & EQUITY NORTHERN TRUST CORP NOVASTAR FINANCIAL INC ONYX ACCEPTANCE CORP ORIGEN FINANCIAL INC PAYPAL INC PHH CORPORATION PMI GROUP INC (THE) PNC FINANCIAL SERVICES GROUP INC POPULAR INC RADIAN GROUP INC RECONTRUST COMPANY REGIONS FINANCIAL CORP RESIDENTIAL CAPITAL LLC (RESCAP) S1 CORPORATION SEI INVESTMENTS CO SEVEN & I HOLDINGS CO LTD SLM CORPORATION STATE STREET CORP SUMITOMO MITSUI FINANCIAL GROUP INC SVB FINANCIAL GROUP TCF FINANCIAL CORPORATION THORNBURG MORTGAGE INC TOTAL SYSTEM SERVICES INC (TSYS) TOYOTA MOTOR CREDIT CORP TRANSUNION LLC
Plunkett Research, Ltd. TRAVELEX HOLDINGS LIMITED TRUSTMARK CORPORATION UCBH HOLDINGS INC UMB FINANCIAL CORP UNIONBANCAL CORPORATION UNIVERSAL AMERICAN MORTGAGE LLC US BANCORP VISA INC VISA USA INC WACHOVIA CORP WASHINGTON MUTUAL INC (WAMU) WELLS FARGO & CO WESTERN UNION COMPANY (THE) WHITNEY HOLDING CORP WORLD ACCEPTANCE CORP ZIONS BANCORP
MIDWEST ACE CASH EXPRESS INC ACXIOM CORP AFFILIATED COMPUTER SERVICES INC ALLIANCE DATA SYSTEMS CORPORATION ALLIANZ SE ALLIED IRISH BANKS PLC AMCORE FINANCIAL INC AMERICAN EXPRESS CO ANCHOR BANCORP WISCONSIN ARVEST HOLDINGS INC ASSOCIATED BANC-CORP BANCWEST CORPORATION BANK OF AMERICA CORP BANK OF IRELAND BANK OF MONTREAL (BMO) BANK OF NOVA SCOTIA (SCOTIABANK) BANK OF THE WEST INC BANKRATE INC BB&T CORP BFC FINANCIAL CORPORATION BNP PARIBAS CAPITAL ONE FINANCIAL CORP CAPITOL FEDERAL FINANCIAL CAPMARK FINANCIAL GROUP INC CHECK INTO CASH INC CHECKFREE CORP CHEMICAL FINANCIAL CORPORATION CHRYSLER FINANCIAL SERVICES LLC CIT GROUP INC CITIFINANCIAL CITIGROUP INC CITIMORTGAGE INC CITIZENS FINANCIAL GROUP INC CITIZENS REPUBLIC BANCORP INC CNB CORPORATION CNG FINANCIAL CORP COINSTAR INC COMERICA INC COMMERCE BANCSHARES INC COMMERZBANK AG
www.plunkettresearch.com CONSUMER PORTFOLIO SERVICES INC CONVERGYS CORPORATION CORILLIAN CORP CORUS BANKSHARES INC COUNTRYWIDE FINANCIAL CORPORATION CREDIT ACCEPTANCE CORP CREDIT SUISSE GROUP CTX MORTGAGE COMPANY LLC DE LA RUE PLC DELUXE CORP DEUTSCHE BANK AG DIEBOLD INC DISCOVER FINANCIAL SERVICES INC DOLLAR FINANCIAL CORP DST SYSTEMS INC DUN & BRADSTREET CORP (THE, D&B) E*TRADE FINANCIAL CORPORATION EFD EFUNDS CORPORATION ELECTRONIC CLEARING HOUSE INC ENCORE CAPITAL GROUP INC EQUIFAX INC EURONET WORLDWIDE INC EXPERIAN AMERICAS FAIR ISAAC CORPORATION FEDERAL AGRICULTURAL MORTGAGE CORP (FARMER MAC) FIFTH THIRD BANCORP FINANCIAL FEDERAL CORP FIRST DATA CORP FIRST FINANCIAL BANCORP (OH) FIRST FRANKLIN CORP FIRST MIDWEST BANCORP INC FIRSTCITY FINANCIAL CORP FIRSTMERIT CORPORATION FISERV INC FLAGSTAR BANCORP INC FNB CORP FORD MOTOR CREDIT CO GE COMMERCIAL FINANCE GE HEALTHCARE FINANCIAL SERVICES GE MONEY GE REAL ESTATE GENERAL ELECTRIC CO (GE) GLOBAL PAYMENTS INC GMAC FINANCIAL SERVICES GOLDMAN SACHS GROUP INC GREEN TREE SERVICING LLC HARLAND CLARKE HSBC HOLDINGS PLC HSBC NORTH AMERICA HOLDINGS INC HUNTINGTON BANCSHARES INC IMPAC MORTGAGE HOLDINGS INC INDYMAC FEDERAL BANK ING AMERICAS ING GROUP INTUIT INC IRWIN FINANCIAL CORP JP MORGAN CHASE & CO INC
Plunkett Research, Ltd. KEYCORP M&T BANK CORP MARSHALL & ILSLEY CORP MASTERCARD INC MB FINANCIAL INC MEDALLION FINANCIAL CORP MERIDIAN CAPITAL GROUP LLC METAVANTE CORPORATION MGIC INVESTMENT CORP MIDLAND FINANCIAL CO MIZUHO FINANCIAL GROUP INC MOODY'S CORPORATION MORGAN STANLEY MUNICIPAL MORTGAGE & EQUITY NATIONAL CITY CORPORATION NELNET INC NORTHERN TRUST CORP NORTHWEST BANCORP INC NOVASTAR FINANCIAL INC OLD NATIONAL BANCORP ONLINE RESOURCES CORP ONYX ACCEPTANCE CORP ORIGEN FINANCIAL INC PARK NATIONAL CORP PAYPAL INC PHH CORPORATION PMI GROUP INC (THE) PNC FINANCIAL SERVICES GROUP INC POPULAR INC QUICKEN LOANS INC RADIAN GROUP INC REGIONS FINANCIAL CORP RESIDENTIAL CAPITAL LLC (RESCAP) ROYAL BANK OF CANADA ROYAL BANK OF SCOTLAND GROUP PLC (THE, RBS) SEI INVESTMENTS CO SEVEN & I HOLDINGS CO LTD SLM CORPORATION SOCIETE GENERALE GROUP STATE STREET CORP SVB FINANCIAL GROUP TCF FINANCIAL CORPORATION TOTAL SYSTEM SERVICES INC (TSYS) TOYOTA MOTOR CREDIT CORP TRANSUNION LLC TRAVELEX HOLDINGS LIMITED UMB FINANCIAL CORP UNIONBANCAL CORPORATION UNIVERSAL AMERICAN MORTGAGE LLC US BANCORP VASCO DATA SECURITY INTERNATIONAL INC VISA INC VISA USA INC WACHOVIA CORP WASHINGTON MUTUAL INC (WAMU) WELLS FARGO & CO WESTERN UNION COMPANY (THE)
www.plunkettresearch.com WINTRUST FINANCIAL CORP WORLD ACCEPTANCE CORP
SOUTHEAST ACE CASH EXPRESS INC ACXIOM CORP AFFILIATED COMPUTER SERVICES INC ALLIED IRISH BANKS PLC AMERICAN EXPRESS CO ARVEST HOLDINGS INC BANCO SANTANDER CENTRAL HISPANO SA BANCORPSOUTH INC BANK OF AMERICA CORP BANK OF IRELAND BANK OF MONTREAL (BMO) BANK OF NEW YORK MELLON CORP BANK OF NOVA SCOTIA (SCOTIABANK) BANKRATE INC BANKUNITED FINANCIAL CORP BB&T CORP BBVA (BANCO BILBAO VIZCAYA ARGENTARIA) BFC FINANCIAL CORPORATION BNP PARIBAS BOK FINANCIAL CORP CAPITAL ONE FINANCIAL CORP CAPITAL ONE NA CAPMARK FINANCIAL GROUP INC CHECK INTO CASH INC CHECKFREE CORP CHRYSLER FINANCIAL SERVICES LLC CIT GROUP INC CITIFINANCIAL CITIGROUP INC CNG FINANCIAL CORP COINSTAR INC COLONIAL BANCGROUP INC COMDATA CORP COMERICA INC COMMERZBANK AG COMPASS BANCSHARES INC COMPUCREDIT CORPORATION CONSUMER PORTFOLIO SERVICES INC CONVERGYS CORPORATION COUNTRYWIDE FINANCIAL CORPORATION CREDIT SUISSE GROUP CTX MORTGAGE COMPANY LLC DE LA RUE PLC DELUXE CORP DESJARDINS GROUP DEUTSCHE BANK AG DEUTSCHE POST AG DIEBOLD INC DIGITAL INSIGHT CORP DISCOVER FINANCIAL SERVICES INC DOLLAR FINANCIAL CORP DUN & BRADSTREET CORP (THE, D&B) E*TRADE FINANCIAL CORPORATION EFD EFUNDS CORPORATION
Plunkett Research, Ltd. EQUIFAX INC EURONET WORLDWIDE INC EXPERIAN AMERICAS FAIR ISAAC CORPORATION FIFTH THIRD BANCORP FIRST BANCORP FIRST CITIZENS BANCSHARES INC FIRST DATA CORP FISERV INC FLAGSTAR BANCORP INC FNB CORP FORD MOTOR CREDIT CO FUNDTECH LTD GE COMMERCIAL FINANCE GE HEALTHCARE FINANCIAL SERVICES GE MONEY GE REAL ESTATE GENERAL ELECTRIC CO (GE) GLOBAL PAYMENTS INC GMAC FINANCIAL SERVICES GOLDMAN SACHS GROUP INC GREEN TREE SERVICING LLC HANCOCK HOLDING COMPANY HARLAND CLARKE HSBC HOLDINGS PLC HSBC NORTH AMERICA HOLDINGS INC HSBC USA HUNTINGTON BANCSHARES INC IMPAC MORTGAGE HOLDINGS INC INDYMAC FEDERAL BANK ING AMERICAS ING GROUP INTUIT INC IPAYMENT INC JP MORGAN CHASE & CO INC KEYCORP M&T BANK CORP MARSHALL & ILSLEY CORP MASTERCARD INC MERIDIAN CAPITAL GROUP LLC MERRILL LYNCH CREDIT CORPORATION METAVANTE CORPORATION MGIC INVESTMENT CORP MIZUHO FINANCIAL GROUP INC MORGAN STANLEY MUNICIPAL MORTGAGE & EQUITY NATIONAL BANK OF CANADA NATIONAL CITY CORPORATION NELNET INC NORTHERN TRUST CORP NORTHWEST BANCORP INC NOVASTAR FINANCIAL INC ONYX ACCEPTANCE CORP ORIGEN FINANCIAL INC PARK NATIONAL CORP PHH CORPORATION PMI GROUP INC (THE) PNC FINANCIAL SERVICES GROUP INC
www.plunkettresearch.com POPULAR INC R&G FINANCIAL CORP RADIAN GROUP INC RECONTRUST COMPANY REGIONS FINANCIAL CORP RESIDENTIAL CAPITAL LLC (RESCAP) ROYAL BANK OF CANADA S1 CORPORATION SANTANDER BANCORP SEI INVESTMENTS CO SEVEN & I HOLDINGS CO LTD SLM CORPORATION SOUTH FINANCIAL GROUP (THE) STATE STREET CORP SUNTRUST BANKS INC SUNTRUST MORTGAGES INC SVB FINANCIAL GROUP SYNOVUS FINANCIAL CORP TOTAL SYSTEM SERVICES INC (TSYS) TOYOTA MOTOR CREDIT CORP TRANSUNION LLC TRAVELEX HOLDINGS LIMITED TRUSTMARK CORPORATION UCBH HOLDINGS INC UNITED COMMUNITY BANKS INC UNIVERSAL AMERICAN MORTGAGE LLC US BANCORP VERIFONE HOLDINGS INC VISA INC VISA USA INC WACHOVIA CORP WASHINGTON MUTUAL INC (WAMU) WELLS FARGO & CO WESTERN UNION COMPANY (THE) WHITNEY HOLDING CORP WILMINGTON TRUST CORP WORLD ACCEPTANCE CORP
NORTHEAST ACE CASH EXPRESS INC ADVANTA CORP AFFILIATE LENDING CORPORATION AFFILIATED COMPUTER SERVICES INC AGRICULTURAL BANK OF CHINA ALLIANCE DATA SYSTEMS CORPORATION ALLIANZ SE ALLIED IRISH BANKS PLC AMERICAN EXPRESS CO AMERICREDIT CORP ASTORIA FINANCIAL CORP BANCO SANTANDER CENTRAL HISPANO SA BANK OF AMERICA CORP BANK OF CHINA (BOC) BANK OF IRELAND BANK OF NEW YORK MELLON CORP BANK OF NOVA SCOTIA (SCOTIABANK) BANKRATE INC BARCLAYS BANK DELAWARE
Plunkett Research, Ltd. BARCLAYS PLC BB&T CORP BBVA (BANCO BILBAO VIZCAYA ARGENTARIA) BFC FINANCIAL CORPORATION BNP PARIBAS BOTTOMLINE TECHNOLOGIES INC CAPITAL ONE FINANCIAL CORP CAPMARK FINANCIAL GROUP INC CARDTRONICS INC CENTERLINE HOLDING COMPANY CHECK INTO CASH INC CHECKFREE CORP CHEVY CHASE BANK CHINA CONSTRUCTION BANK (CCB) CHRYSLER FINANCIAL SERVICES LLC CIT GROUP INC CITIFINANCIAL CITIGROUP INC CITIZENS FINANCIAL GROUP INC CITY NATIONAL CORPORATION CNG FINANCIAL CORP COINSTAR INC COLUMBIA BANK (THE) COMDATA CORP COMERICA INC COMMERZBANK AG COMMUNITY BANK SYSTEM CONSUMER PORTFOLIO SERVICES INC CONVERGYS CORPORATION CORILLIAN CORP COUNTRYWIDE FINANCIAL CORPORATION CREDIT AGRICOLE SA CREDIT SUISSE GROUP CTX MORTGAGE COMPANY LLC DE LA RUE PLC DELUXE CORP DEUTSCHE BANK AG DEUTSCHE POST AG DEXIA GROUP DIEBOLD INC DISCOVER FINANCIAL SERVICES INC DOLLAR FINANCIAL CORP DRESDNER BANK AG DST SYSTEMS INC DUN & BRADSTREET CORP (THE, D&B) DYNEX CAPITAL INC E*TRADE FINANCIAL CORPORATION EQUIFAX INC EURONET WORLDWIDE INC EXPERIAN AMERICAS FAIR ISAAC CORPORATION FANNIE MAE FEDERAL AGRICULTURAL MORTGAGE CORP (FARMER MAC) FIFTH THIRD BANCORP FINANCIAL FEDERAL CORP FIRST CITIZENS BANCSHARES INC FIRST COMMONWEALTH FINANCIAL CORP
www.plunkettresearch.com FIRST DATA CORP FIRST HORIZON NATIONAL CORPORATION FIRST NIAGARA FINANCIAL GROUP INC FIRST REPUBLIC BANK FIRSTCITY FINANCIAL CORP FIRSTMERIT CORPORATION FISERV INC FLAGSTAR BANCORP INC FLUSHING FINANCIAL CORP FNB CORP FORD MOTOR CREDIT CO FREDDIE MAC FULTON FINANCIAL CORP FUNDTECH LTD GE COMMERCIAL FINANCE GE HEALTHCARE FINANCIAL SERVICES GE MONEY GE REAL ESTATE GENERAL ELECTRIC CO (GE) GLOBAL PAYMENTS INC GMAC FINANCIAL SERVICES GOLDMAN SACHS GROUP INC GREEN TREE SERVICING LLC HARLAND CLARKE HARLEYSVILLE NATIONAL CORP HSBC HOLDINGS PLC HSBC NORTH AMERICA HOLDINGS INC HSBC USA HUDSON CITY BANCORP HUNTINGTON BANCSHARES INC HYPO REAL ESTATE HOLDING AG (HYPO BANK) HYPO VEREINSBANK AG (HVB GROUP) ICICI BANK IMPAC MORTGAGE HOLDINGS INC INDUSTRIAL & COMMERCIAL BANK OF CHINA (ICBC) INDUSTRIAL BANK OF KOREA INDYMAC FEDERAL BANK ING AMERICAS ING GROUP INTESA SANPAOLO SPA INTUIT INC JP MORGAN CHASE & CO INC KBC GROUP NV KEYCORP KOOKMIN BANK LENDINGTREE LLC M&T BANK CORP MASTERCARD INC MB FINANCIAL INC MBIA INC MEDALLION FINANCIAL CORP MERIDIAN CAPITAL GROUP LLC METAVANTE CORPORATION MGIC INVESTMENT CORP MIDLAND FINANCIAL CO MIZUHO FINANCIAL GROUP INC MOODY'S CORPORATION
Plunkett Research, Ltd. MORGAN STANLEY MUNICIPAL MORTGAGE & EQUITY NATIONAL BANK OF CANADA NATIONAL CITY CORPORATION NATIONAL PENN BANCSHARES INC NBT BANCORP INC NEW YORK COMMUNITY BANCORP INC NORTHERN TRUST CORP NORTHWEST BANCORP INC NOVASTAR FINANCIAL INC OCEANFIRST FINANCIAL CORP ONLINE RESOURCES CORP ONYX ACCEPTANCE CORP ORIGEN FINANCIAL INC PARK NATIONAL CORP PAYPAL INC PEOPLE'S UNITED BANK PHH CORPORATION PMI GROUP INC (THE) PNC FINANCIAL SERVICES GROUP INC POPULAR INC PROVIDENT BANKSHARES CORP PROVIDENT FINANCIAL SERVICES INC RADIAN GROUP INC REGIONS FINANCIAL CORP RESIDENTIAL CAPITAL LLC (RESCAP) ROYAL BANK OF CANADA ROYAL BANK OF SCOTLAND GROUP PLC (THE, RBS) S1 CORPORATION SEI INVESTMENTS CO SEVEN & I HOLDINGS CO LTD SLM CORPORATION SOCIETE GENERALE GROUP SOUTH FINANCIAL GROUP (THE) SOVEREIGN BANCORP INC STATE STREET CORP STUDENT LOAN CORP SUMITOMO MITSUI FINANCIAL GROUP INC SUNTRUST BANKS INC SUNTRUST MORTGAGES INC SUSQUEHANNA BANCSHARES INC SVB FINANCIAL GROUP SVENSKA HANDELSBANKEN AB TD BANK NA TORONTO-DOMINION BANK (TD BANK) TOTAL SYSTEM SERVICES INC (TSYS) TOYOTA MOTOR CREDIT CORP TRANSUNION LLC TRAVELEX HOLDINGS LIMITED TRIAD GUARANTY INC UCBH HOLDINGS INC UNIONBANCAL CORPORATION UNITED BANKSHARES INC UNITED COMMUNITY BANKS INC UNITED OVERSEAS BANK LTD UNIVERSAL AMERICAN MORTGAGE LLC US BANCORP
www.plunkettresearch.com VALLEY NATIONAL BANCORP VASCO DATA SECURITY INTERNATIONAL INC VISA INC VISA USA INC WACHOVIA CORP WASHINGTON MUTUAL INC (WAMU) WEBSTER FINANCIAL CORP WELLS FARGO & CO WESTERN UNION COMPANY (THE) WILMINGTON TRUST CORP
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INDEX OF FIRMS WITH OPERATIONS OUTSIDE THE U.S. ABBEY NATIONAL PLC ACXIOM CORP AFFILIATED COMPUTER SERVICES INC AGRICULTURAL BANK OF CHINA ALLIANCE & LEICESTER ALLIANCE DATA SYSTEMS CORPORATION ALLIANZ SE ALLIED IRISH BANKS PLC AMERICAN EXPRESS CO AMERICREDIT CORP AUSTRALIA AND NEW ZEALAND BANKING GROUP BANCA MONTE DEI PASCHI DI SIENA SPA BANCO POPULAR ESPANOL SA BANCO SANTANDER CENTRAL HISPANO SA BANCWEST CORPORATION BANK OF AMERICA CORP BANK OF CHINA (BOC) BANK OF HAWAII CORP BANK OF IRELAND BANK OF MONTREAL (BMO) BANK OF NEW YORK MELLON CORP BANK OF NOVA SCOTIA (SCOTIABANK) BARCLAYS PLC BBVA (BANCO BILBAO VIZCAYA ARGENTARIA) BNP PARIBAS BOTTOMLINE TECHNOLOGIES INC CANADIAN IMPERIAL BANK OF COMMERCE CAPITAL ONE FINANCIAL CORP CAPMARK FINANCIAL GROUP INC CARDTRONICS INC CHECKFREE CORP CHINA CONSTRUCTION BANK (CCB) CHRYSLER FINANCIAL SERVICES LLC CIT GROUP INC CITIGROUP INC COINSTAR INC COMERICA INC COMMERZBANK AG COMMONWEALTH BANK OF AUSTRALIA CONVERGYS CORPORATION COUNTRYWIDE FINANCIAL CORPORATION CREDIT AGRICOLE SA CREDIT SUISSE GROUP CYBERSOURCE CORP DAEGU BANK LTD (THE) DANSKE BANK AKTIESELSKAB DE LA RUE PLC DELUXE CORP DESJARDINS GROUP DEUTSCHE BANK AG DEUTSCHE POST AG DEXIA GROUP DIEBOLD INC DOLLAR FINANCIAL CORP
www.plunkettresearch.com DORAL FINANCIAL CORP DRESDNER BANK AG DST SYSTEMS INC DUN & BRADSTREET CORP (THE, D&B) E*TRADE FINANCIAL CORPORATION EAST WEST BANCORP INC EFD EFUNDS CORPORATION EQUIFAX INC EURONET WORLDWIDE INC EXPERIAN PLC FAIR ISAAC CORPORATION FIFTH THIRD BANCORP FIRST BANCORP FIRST DATA CORP FIRSTCITY FINANCIAL CORP FISERV INC FORD MOTOR CREDIT CO FUNDTECH LTD GE COMMERCIAL FINANCE GE HEALTHCARE FINANCIAL SERVICES GE MONEY GE REAL ESTATE GENERAL ELECTRIC CO (GE) GLOBAL PAYMENTS INC GMAC FINANCIAL SERVICES GOLDMAN SACHS GROUP INC GUANGDONG DEVELOPMENT BANK CO LTD HANG SENG BANK LIMITED HARLAND CLARKE HBOS PLC HSBC BANK CANADA HSBC HOLDINGS PLC HSBC NORTH AMERICA HOLDINGS INC HUNTINGTON BANCSHARES INC HYPO REAL ESTATE HOLDING AG (HYPO BANK) HYPO VEREINSBANK AG (HVB GROUP) ICICI BANK INDUSTRIAL & COMMERCIAL BANK OF CHINA (ICBC) INDUSTRIAL BANK OF KOREA ING AMERICAS ING GROUP INTESA SANPAOLO SPA INTUIT INC IRWIN FINANCIAL CORP JP MORGAN CHASE & CO INC KBC GROUP NV KOOKMIN BANK LAURENTIAN BANK OF CANADA LLOYDS TSB GROUP PLC M&T BANK CORP MASTERCARD INC MB FINANCIAL INC MBIA INC METAVANTE CORPORATION MGIC INVESTMENT CORP MITSUBISHI UFJ FINANCIAL GROUP INC MIZUHO FINANCIAL GROUP INC
Plunkett Research, Ltd. MOODY'S CORPORATION MORGAN STANLEY NATIONAL AUSTRALIA BANK LTD NATIONAL BANK OF CANADA NELNET INC NORDEA BANK AB NORTHERN TRUST CORP PAYPAL INC PHH CORPORATION PMI GROUP INC (THE) PNC FINANCIAL SERVICES GROUP INC POPULAR INC R&G FINANCIAL CORP ROYAL BANK OF CANADA ROYAL BANK OF SCOTLAND GROUP PLC (THE, RBS) S1 CORPORATION SANTANDER BANCORP SEI INVESTMENTS CO SEVEN & I HOLDINGS CO LTD SHINSEI BANK LIMITED SNS REAAL NV SOCIETE GENERALE GROUP SONY FINANCIAL HOLDINGS INC STANDARD CHARTERED PLC STATE STREET CORP SUMITOMO MITSUI FINANCIAL GROUP INC SVB FINANCIAL GROUP SVENSKA HANDELSBANKEN AB TORONTO-DOMINION BANK (TD BANK) TOTAL SYSTEM SERVICES INC (TSYS) TOYOTA MOTOR CREDIT CORP TRANSUNION LLC TRAVELEX HOLDINGS LIMITED TRIAD GUARANTY INC UCBH HOLDINGS INC UNICREDIT SPA (UNICREDIT GROUP) UNIONBANCAL CORPORATION UNITED OVERSEAS BANK LTD US BANCORP VASCO DATA SECURITY INTERNATIONAL INC VERIFONE HOLDINGS INC VISA INC W HOLDING COMPANY INC WACHOVIA CORP WELLS FARGO & CO WESTERN UNION COMPANY (THE) WHITNEY HOLDING CORP WORLD ACCEPTANCE CORP
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Individual Profiles On Each Of THE BANKING & LENDING 300
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ABBEY NATIONAL PLC
www.abbey.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages & Savings Consumer Loans & Leasing Business Finance Private-Label Credit Cards Online Banking Services Insurance
Abbey National plc, a subsidiary of Banco Santander Central Hispano S.A., is a top U.K. personal financial services company and is one of the largest mortgage and savings providers in the country. The company offers its personal financial services both directly and through secondary agents, serving about 18 million U.K. customers through 705 branch offices at home and abroad. It also owns and operates approximately 2,500 ATMs around the country. Services offered include mortgages and savings; bank accounts; loans and credit cards; long term pension and unit trust investments; critical illness insurance; unemployment coverage and household insurance; and offshore banking services for U.K. expatriates. The company is made up of nine operating divisions. Retail Distribution is responsible for the group’s telephone, Internet and branch office direct sales. Abby for Intermediaries manages the group’s sales that come through independent financial advisors. The Wealth Management division consists of James Hay, a subsidiary focused on self-invested pension plans; and specialist banking subsidiaries, such as Cater Allen Private Bank, Abbey International and Abbey Share-dealing. Retail Product and Marketing controls the group’s marketing and advertising campaigns. The Finance and Markets division, which provides treasury services, consists of Santander Global Banking & Markets. The Manufacturing division takes care of all of the group’s information technology and customer service activities. The Risk division makes sure that the company has an adequate risk policy and control framework. The Central Units division handles the internal audit, communications, legal, secretariat, tax and regulatory affairs departments. Finally, HR supplies the group’s personnel support. Abbey’s additional brands include Abbey Business, cahoot and Inscape. Abbey National offers its employees a uniquely flexible working scheme with many options for part-time work, jobsplitting, job-sharing and sabbaticals; maternity, paternity, adoption leave; retail and child care vouchers; performance bonuses; and on-site gyms in some locations.
BRANDS/DIVISIONS/AFFILIATES: Banco Santander Central Hispano S.A. Abbey for Intermediaries Abbey Business Abbey International cahoot Cater Allen Private Bank James Hay Santander Consumer
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Antonio Horta-Osorio, CEO Nathan Bostock, CFO/Exec. Dir. Phil Cliff, Dir.-Abbey Mortgages Steve Shore, Dir.-Abbey Banking Alison Brittain, Exec. Dir.-Retail Dist. Matthew Timms, Managing Dir.-cahoot Terence Burns, Chmn.
Phone: 44-870-607-6000 Fax: 44-207-756-5631 Toll-Free: Address: Abbey National House, 2 Triton Sq., Regent's Pl., London, NW1 3AN UK
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $5,039,640 2006 Profits: $138,743 Int’l Ticker: Int’l Exchange: 2005 Sales: $4,805,000 2005 Profits: $856,940 Employees: 16,000 2004 Sales: $2,868,720 2004 Profits: $-110,178 Fiscal Year Ends: 12/31 2003 Sales: $12,973,300 2003 Profits: $-1,242,800 Parent Company: BANCO SANTANDER CENTRAL HISPANO SA
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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ACE CASH EXPRESS INC
www.acecashexpress.com
Industry Group Code: 522390 Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Check Cashing Money Orders Wire Transfers Electronic Tax Filing Bill Payment Processing Tax Refund Anticipation Loans Telecommunications Products Franchising
Ace Cash Express, Inc., which also does business as Ace America’s Cash Express, is one of the largest owners, operators and franchisors of check cashing stores in the U.S.; and also one of the largest providers of small, shortterm consumer loans, which are sometimes known as payday loans. It has a total network of 1,569 companyowned stores and 149 franchised stores in 38 states and Washington, D.C., which operate under the names Ace Cash Express and Ace Cash Advance. It served approximately 38 million customers in 2007. The firm offers convenient and immediate access to check cashing services without the need for an account or a minimum account balance. Ace stores are located in highly visible and accessible locations, usually in strip shopping centers, freestanding buildings and kiosks located inside retail stores. In addition to cashing checks, selling money orders and offering payday loans, company-owned stores offer bill payment services, public transportation passes, photocopying, fax transmission services, postage stamps, long-distance telephone cards and pre-paid debit cards. In some states, Ace offers auto and home loans. In October 2006, the firm was acquired by an affiliate of holding company JLL Partners. The aggregate closing price was $455 million.
BRANDS/DIVISIONS/AFFILIATES: Ace Cash Express Ace Cash Advance JLL Partners Ace America’s Cash Express
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Jay B. Shipowitz, CEO Barry M. Barron, COO Jay B. Shipowitz, Pres. Douglas A. Lindsay, CFO Allen J. Klose, Chief Mktg. Officer James E. Gibbs, Sr. VP-Human Resources Joe B. Edwards, CIO/Sr. VP-Info. Systems Ted M. Eades, General Counsel/Sr. VP Eric C. Norrington, Sr. VP-Public Affairs Annie Wood, Mgr.-Comm. Kristyn B. Senters, Sr. Mgr.-Special Events Raymond C. Hemmig, Chmn.
Phone: 972-550-5000 Fax: 972-550-5150 Toll-Free: Address: 1231 Greenway Dr., Ste. 600, Irving, TX 75038-9904 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $366,200 2007 Profits: $ U.S. Stock Ticker: Private 2006 Sales: $309,909 2006 Profits: $25,017 Int’l Ticker: Int’l Exchange: 2005 Sales: $268,649 2005 Profits: $27,366 Employees: 3,061 2004 Sales: $246,659 2004 Profits: $17,052 Fiscal Year Ends: 6/30 2003 Sales: $234,300 2003 Profits: $12,800 Parent Company:
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Y Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan:
Y
Profit Sharing:
Top Exec. Salary: $450,000 Second Exec. Salary: $281,000
Bonus: $354,375 Bonus: $147,525
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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ADVANTA CORP
www.advanta.com
Industry Group Code: 522210 Ranks within this company's industry group: Sales: 7 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 5
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Credit Card Issuing Banking Credit Insurance Venture Capital
Advanta Corp. is one of the largest national issuers of credit cards to the small business market, providing funding and support through several major product lines. The firm owns two depository institutions, Advanta Bank Corp. and Advanta Bank. Advanta primarily funds and operates its business credit card business through Advanta Bank Corp., which offers a variety of deposit products that are insured by the Federal Deposit Insurance Corporation. Advanta’s accounts provide approved customers with unsecured revolving business credit lines. The firm is licensed to issue both MasterCard and VISA business cards. Some of the company’s insurance products, such as credit protection, are offered through its insurance subsidiaries, Advanta Life Insurance Company and Advanta Insurance Company. Other services offered are rewards programs; additional cards for employees at no fee, which can have pre-set spending limits; online, expense reports that categorize purchases and itemize charges for recordkeeping and tax purposes; customized cards and business checks with logo options; free online account management and payment; and access to products and services specifically tailored for the customer’s needs. The Company’s MasterCard and Visa credit cards provide a number of additional benefits that may include free auto rental insurance, free purchase protection service for a specified time period and several free emergency assistance and referral services. In April 2008, Advanta and Kiva, a non-profit, micro-lending organization, announced a new joint program which will help fund entrepreneurs in developing countries. Through Advanta credit cards, card holders will be able to make contributions to the Kiva entrepreneurs of their choice. Advanta will then match each offering up to $200 a month per account. Employees are offered medical, dental, and vision insurance; 401(k); stock purchase plan; stock discounts; employee stock ownership plan; tuition reimbursement; health and dependant care flexible spending accounts; and an employee assistance plan.
BRANDS/DIVISIONS/AFFILIATES: Advanta Business Cards Advanta Bank Corp. Advanta National Bank Advanta Life Insurance Company Advanta Insurance Company IdeaBlob.com
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Dennis Alter, CEO Bill Rosoff, Pres. Philip M. Browne, CFO/Sr. VP David M. Goodman, VP-Comm. Amy B. Holderer, VP-Investor Rel. David B. Weinstock, VP/Chief Acct. Officer Ami Kassar, Chief Innovation Officer John F. Moore, Pres., Advanta Bank Corp. Michael Coco, Treas. Christopher J. Carroll, Chief Credit Officer, Advanta Corp. Dennis Alter, Chmn.
Phone: 215-657-4000 Fax: 215-444-6121 Toll-Free: Address: Welsh & McKean Roads, Spring House, PA 19477 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $562,144 2007 Profits: $72,050 U.S. Stock Ticker: ADVNA 2006 Sales: $507,710 2006 Profits: $84,986 Int’l Ticker: Int’l Exchange: 2005 Sales: $498,100 2005 Profits: $110,400 Employees: 878 2004 Sales: $394,600 2004 Profits: $44,800 Fiscal Year Ends: 12/31 2003 Sales: $376,900 2003 Profits: $28,200 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 7 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $992,212 Second Exec. Salary: $750,000
Bonus: $1,026,875 Bonus: $339,375
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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AFFILIATE LENDING CORPORATION Industry Group Code: 522310 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
www.affiliatelending.net Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Loan Origination Mortgages
Affiliate Lending Corporation, headquartered near Washington, D.C., is a full-service mortgage lender that provides lending opportunities throughout the U.S. The company’s focus is on hiring professionals in the real estate, building, financial planning and accounting fields to originate loans on behalf of their clients. Affiliate’s program allows these professionals to originate loans through its web site, which provides same-day approval, fast closings, the ability to print documents from any computer and other features, while earning points for closed loans. The firm offers construction lending and real estate loans on residential property and commercial mortgages with 30- and 15-year fixed rates; adjustable-rate mortgages; and short-term LIBOR interest-only mortgages. Professional affiliates working with the company can reduce the time it takes to get approvals for lending clients; have a resource where they can purchase real estate; get financial planning and other financial advice; and obtain home financing. Affiliates are paid 50 basis points for each loan closed.
BRANDS/DIVISIONS/AFFILIATES:
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William R. Hall, CEO William R. Hall, Pres.
Phone: Fax: 301-215-7331 Toll-Free: 866-518-1822 Address: 17713 Coatbridge Pl., Olney, MD 20832 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Private 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company: AMERISTAR MORTGAGE LLC
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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AGRICULTURAL BANK OF CHINA
www.abchina.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 27 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 48
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Agricultural Banking Commercial Banking Credit Cards
Agricultural Bank of China (ABC) has traditionally been one of the four large state-controlled banks of mainland China. It is the last of the big four to restructure as a joint stock bank and issue stock to the public. Finalizing these steps will depend on serious cooperation from, and an injection of new capital by, the government. In response to urging by the government during 2007, the bank has begun taking the necessary steps in preparation for going public, including completing audits and exploring options for restructuring its corporate governance and human resources departments. ABC was initially set up in 1979 to distribute government funds to support China’s 800 million farmers, as well as to support rural industry in China generally. However, in light of the impending restructuring and modernization, ABC is shifting into more traditional commercial banking operations, and currently offers customers telephone, online and selfservice banking, as well as the Kins Credit Card. ABC will continue to expand its commercial banking operations, and plans to become fully public by 2010. During 2007, the bank operated approximately 24,452 branches in mainland China, as well as overseas branches in Hong Kong and Singapore and representative offices in London, Tokyo and New York; and it reported over $886.9 billion in assets, $774.02 billion in deposits, and $510.15 billion in outstanding loans.
BRANDS/DIVISIONS/AFFILIATES: Kins Credit Card
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Xiang Junbo, CEO Xiang Junbo, Pres. Zhu Hongbo, Gen. Manager-Beijing Branch Han Zhongqi, Sr. Exec. VP Tang Jianbang, Sr. Exec. VP Zhang Yun, Sr. Exec. VP Che Yingxin, Chmn.
Phone: 8610-85106660 Fax: 8610-85106661 Toll-Free: Address: No.69 Jianguomennei St., Beijing, 100005 China
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $34,059,300 2007 Profits: $1,560,900 U.S. Stock Ticker: Government-Owned 2006 Sales: $24,475,500 2006 Profits: $728,400 Int’l Ticker: Int’l Exchange: 2005 Sales: $17,165,600 2005 Profits: $127,400 Employees: 447,519 2004 Sales: $16,000,000 2004 Profits: $3,860,000 Fiscal Year Ends: 12/31 2003 Sales: $13,303,000 2003 Profits: $2,364,294 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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ALLIANCE & LEICESTER
www.alliance-leicester-group.co.uk
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 53 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 64
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Broker Consumer Loans & Auto Leasing Commercial Lending Private-Label Credit Cards Insurance Cash Handling Services Treasury Services
Alliance & Leicester (A&L) is one of the leading direct banking service providers in the U.K., offering services to personal and commercial customers. The company is structured around two primary customer groups: retail banking and wholesale banking. The retail banking sector covers a broad range of services to individual customers, including mortgages, retail savings, current accounts, personal loans, car purchase plans, unit trusts, household insurance, life assurance and travel assurance, as well as long-term investment products. It also owns and operates over 2,500 ATMs and provides credit cards through a partnership with MBNA. Household insurance is offered through a partnership with Zurich. The wholesale banking sector serves A&L’s commercial customers. It is focused on four core areas: the cash market, business banking, commercial lending and treasury. The firm’s cash business provides cash handling for retailers and other corporations, as well as cash sales to the Post Office and other financial institutions. Its business banking services are focused on small to mid-sized businesses and are provided through the telephone and the Internet, as well as access to about 14,000 post offices and banking centers. A&L’s commercial lending segment provides finance for existing business customers, as well as focusing on specific asset finance sectors. The treasury segment manages the company’s liquidity, funding and hedging requirements. In 2008, the company created the manufacturing division to consolidate customer servicing and back office operations including IT functions. In October 2008, the company was acquired by Banco Santander S.A. A&L provides its employees with a stock plan allowing for shares to be bought on a pre-tax basis, a pension plan, a stock purchase plan and the option of taking part of their pay in childcare vouchers and special offers on products and services including hotel stays, health clubs, events, holidays and rental cars.
BRANDS/DIVISIONS/AFFILIATES: Alliance & Leicester Commercial Bank plc Alliance & Leicester Personal Finance, Ltd. Alliance & Leicester Mortgage Insurance Alliance & Leicester Cash Solutions, Ltd. Alliance & Leicester Commercial Finance plc Alliance & Leicester International, Ltd. Banco Santander Central Hispano SA
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. David Bennett, Group CEO
Phone: 44-116-201-1000 Fax: 44-116-200-4040 Toll-Free: Address: Carlton Park, Narborough, Leicester, LE19 0AL UK
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $9,590,000 2007 Profits: $550,000 U.S. Stock Ticker: Subsidiary 2006 Sales: $7,460,400 2006 Profits: $881,400 Int’l Ticker: AL Int’l Exchange: London-LSE 2005 Sales: $ 2005 Profits: $ Employees: 3,980 2004 Sales: $5,783,400 2004 Profits: $843,900 Fiscal Year Ends: 12/31 2003 Sales: $4,652,600 2003 Profits: $672,000 Parent Company: BANCO SANTANDER CENTRAL HISPANO SA
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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ALLIANCE DATA SYSTEMS CORPORATION Industry Group Code: 522320 Ranks within this company's industry group: Sales: 6 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
www.alliancedata.com
Profits: 6
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Marketing Services Credit Services Transaction Services
Alliance Data Systems Corp. (ADS) is a provider of loyalty and marketing solutions derived from transaction rich data. It partner with clients to develop unique insight into consumer behavior. It then uses that insight to create and manage customized solutions that helps its clients strengthen their relationship with their customers. The company operates in three segments: marketing services, credit services and transaction services. Through the marketing service segment, the firm creates and manages targeted marketing programs that result in securing more frequent and sustained customer behavior. It utilizes the information gathered through loyalty and targeted marketing programs to help clients design and implement marketing program. Subsidiary Epsilon, a part of this segment, provides integrated direct marketing solutions that combine consulting and creative services, database services, analytical services and interactive delivery services. Through the credit services division, ADS finances and operates private label and cobranded credit card programs. Through subsidiaries World Financial Network National Bank and World Financial Capital Bank, the division underwrites accounts and funds purchases for over 85 private label credit card and commercial credit clients. The transaction services segment facilitates and manages transactions between clients and their customers through its scalable processing system. The division’s largest clients include Limited Brands and its retail affiliates. ADS has a client base in excess of 600 companies, consisting mostly of specialty retailers, petroleum retailers, utilities, supermarkets and financial services companies. In May 2007, the firm agreed to be acquired by The Blackstone Group for roughly $7.8 billion, including assumption of debt. The company offers its employees medical, dental and vision insurance; flexible spending accounts; a 401(k) plan; tuition reimbursement; and an employee assistance program.
BRANDS/DIVISIONS/AFFILIATES: Epsilon World Financial Network National Bank World Financial Capital Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael Parks, CEO John Scullion, COO John Scullion, Pres. Edward Heffernan, CFO/Exec. VP Dwayne Tucker, Exec. VP-Human Resources & Transaction Svcs. Alan Utay, Chief Admin. Officer Alan Utay, General Counsel/Exec. VP/Corp. Sec. Bryan A. Pearson, Exec. VP/Pres., Loyalty Svcs. Ivan Szeftel, Exec. VP/Pres., Retail Credit Svcs. Michael L. Iaccarino, Exec. VP/Pres., Mktg. Svcs. Michael Parks, Chmn.
Phone: 972-348-5100 Fax: 972-348-5335 Toll-Free: Address: 17655 Waterview Pkwy., Dallas, TX 75252 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $2,291,189 2007 Profits: $164,061 U.S. Stock Ticker: ADS 2006 Sales: $1,998,742 2006 Profits: $189,605 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,552,437 2005 Profits: $138,745 Employees: 9,800 2004 Sales: $1,257,438 2004 Profits: $120,371 Fiscal Year Ends: 12/31 2003 Sales: $1,049,100 2003 Profits: $67,300 Parent Company:
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan: Y
Y
Profit Sharing:
Top Exec. Salary: $840,000 Second Exec. Salary: $549,622
Bonus: $1,572,196 Bonus: $883,476
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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ALLIANZ SE
www.allianz.com
Industry Group Code: 524126 Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Property, Casualty, Life & Health Insurance Asset Management Pension Funds Banking Aviation Insurance Marine Insurance Specialty Insurance Investment Products
Allianz SE, founded in 1890, is one of the world’s largest insurers, one of the world’s five largest asset managers, and a major provider of banking services. Serving over 70 million customers in more than 70 countries, the firm’s core businesses are property and casualty insurance; life and health insurance; and asset management. Subsidiaries include Allianz Global Corporate & Specialty (AGCS); Allianz Life Insurance Company of North America (Allianz Life); and Allianz Global Investors (AGI). AGCS provides insurance, risk consulting and claims services to large, international corporations, including half of the world’s Fortune 500 firms. AGCS’s marine and aviation unit offers insurance products and services for all classes of marine and aviation operations. Allianz Life provides fixed and variable annuity products, life insurance, and long term care coverage in the U.S. Allianz Global Investors (AGI) handles the company’s asset management activities, including private and institutional funds. AGI and its Dresdner Bank provide access to asset management and banking services, including a range of investment forms from special funds to special-purpose vehicles and discretionary portfolio options. In April 2008, Allianz and Turkish non-life insurer Koc Allianz Sigorta AS signed a share purchase agreement for Allianz to acquire 47.1% of Koc’s shares for $337 million. The company plans to raise its stake to 84.2%. In August of the same year, Allianz announced the combination of Allianz Global Corporate & Specialty, the company’s industrial insurance firm, and Fireman’s Fund Insurance Company, an Allianz general insurance unit in the U.S. Also in August 2008, Allianz agreed to sell Dresdner Bank to Commerzbank AG. Upon completion of transaction, Allianz will become the largest shareholder of the new bank. In October 2008, the firm invested $2. 5 billion in The Hartford Finanical Services Group, Inc.
BRANDS/DIVISIONS/AFFILIATES: Allianz AG Pacific Investment Management Company (PIMCO) Allianz Life Insurance Company of North America Commerzbank AG Allianz Global Investors of America LP Riunione Adriatica di Sicurta SpA Assurances Generales de France SA Aillianz Lebensversicherung AG
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael Diekmann, Chmn.-Mgmt. Board Oliver Baete, COO Paul Achleitner, Dir.-Group Finance Helmut Perlet, Dir.-Controlling, Reporting & Risk Clement B. Booth, Dir.-Insurance Anglo Broker Markets & Global Lines Jan R. Carendi, Dir.-Insurance NAFTA Markets Enrico Cucchiani, Dir.-Insurance Europe Gerhard Rupprecht, Dir.-Insurance Germany Joachim Faber, Dir.-Asset Mgmt. Worldwide
Phone: 49-89-3800-0 Fax: 49-89-3800-3425 Toll-Free: Address: Koniginstrasse 28, Munich, D-80802 Germany
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $157,683,000 2007 Profits: $12,243,000 U.S. Stock Ticker: AZ 2006 Sales: $126,788,400 2006 Profits: $8,604,400 Int’l Ticker: ALV Int’l Exchange: Frankfurt-Euronext 2005 Sales: $115,723,000 2005 Profits: $4,374,000 Employees: 181,207 2004 Sales: $129,536,000 2004 Profits: $2,979,000 Fiscal Year Ends: 12/31 2003 Sales: $127,691,000 2003 Profits: $2,032,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $1,486,220 Second Exec. Salary: $990,819
Bonus: $3,147,974 Bonus: $2,229,346
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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ALLIED IRISH BANKS PLC
www.aibgroup.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 40 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 69
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Issuing Visa/Master Card Credit Cards Life Insurance Pensions Car Financing & Leasing Home Mortgages Investment Banking Treasury Risk Management
Allied Irish Banks plc (AIB) is one of Ireland’s largest banks, with international operations in the U.K., Poland and the U.S. The company’s AIB Bank Republic of Ireland division consists of its retail and commercial activities in the Republic of Ireland. It also includes Ark Life, the firm’s life and pension subsidiary, and AIB Financing and Leasing, which provides lending services to customers for vehicle, equipment, retail, investment property and personal loans. The company’s AIB Bank U.K. division provides retail and commercial banking services in Northern Ireland operating as First Trust Bank; and operates in Great Britain as Allied Irish Bank (GB). Another division, AIB Capital Markets, comprises the global treasury, investment banking and corporate banking activities of the firm, including Goodbody, one of Ireland’s oldest stockbrokerage firms. AIB Capital Markets operates in the U.S. through the following business units. Allied Irish America provides financial services to the not-for-profit sector through offices in New York, Chicago, Los Angeles, Philadelphia and Atlanta. AIB Corporate Banking provides banking services such as structured finance and lending services throughout Ireland, the U.K., the U.S. and Continental Europe. Investment Banking includes corporate finance services, stock broking and other services. Finally, Global Treasury provides treasury risk management services and solutions to both commercial and retail customers of the group. The company’s Poland division owns a 70.5% interest in Bank Zachnodni WBK S.A., a multi-regional retail and commercial bank operating in Poland. In addition, AIB has a 23.5% interest in M&T Bank Corporation. In February 2008, the company acquired a 49.99% interest in Bulgarian-American Credit Bank AD.
BRANDS/DIVISIONS/AFFILIATES: AIB Bank Republic of Ireland Ark Life AIB Bank U.K. First Trust Bank AIB Capital Markets Goodbody AIB Corporate Banking Bank Zachnodni WBK S.A.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Eugene J. Sheehy, Group Chief Exec. Dir. John O' Donnell, Group Dir.-Finance Mary Toomey, Head-Group Strategic Human Resources Steve Meadows, Group Dir.-Tech. W. M. Kinsella, Sec. Steve Meadows, Group Dir.-Oper. Catherine Burke, Group Dir.-Corp. Rel. & Comm. Colm Doherty, Managing Dir.-AIB Capital Markets plc Donal Forde, Managing Dir.-AIB Bank Republic of Ireland Div. Gerry Byrne, Managing Dir.-AIB Poland Nick Treble, Chief Risk Officer Dermot Gleeson, Chmn.
Phone: 353-1-660-0311 Fax: 353-1-660-9137 Toll-Free: Address: Bankcentre, Ballsbridge, Dublin, 4 L2 4 UK
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $16,040,000 2007 Profits: $290,000 U.S. Stock Ticker: AIB 2006 Sales: $11,111,600 2006 Profits: $2,622,100 Int’l Ticker: AIB Int’l Exchange: Dublin-ISE 2005 Sales: $7,595,600 2005 Profits: $1,697,300 Employees: 22,800 2004 Sales: $7,090,000 2004 Profits: $1,425,000 Fiscal Year Ends: 12/31 2003 Sales: $6,142,000 2003 Profits: $857,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing: Y
Top Exec. Salary: $1,216,692 Second Exec. Salary: $806,457
Bonus: $1,839,289 Bonus: $1,697,920
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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AMCORE FINANCIAL INC
www.amcore.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 129 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 132
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgage Origination Trust Services Asset Management Loans Mutual Funds Online Services Employee Benefit Plan Services
AMCORE Financial, Inc. is a bank holding company that, through its subsidiaries, provides commercial, retail and mortgage banking, as well as trust and asset management. The firm maintains more than 80 locations and 324 ATMs in Wisconsin and Illinois. The company’s operations are conducted via four business segments: commercial banking; retail banking; investment management and trust; and mortgage banking. Commercial banking services include lending, deposits, letters of credit and cash management services, and are provided to commercial, small business and governmental organizations. Retail banking services to individuals include demand, savings and time deposit accounts; lending activities including installment loans for automobiles; mortgage and home equity loans; overdraft protection; personal credit lines; and bank card programs. The investment management and trust segment offers annuities, mutual funds, stocks, bonds, and other insurance products. Mortgage banking activities consist primarily of conforming and non-conforming adjustable-rate, fixed-rate and balloon residential mortgage loans, which are either sold or placed in the bank’s real estate portfolio. In addition, AMCORE offers safe deposit box rental; securities safekeeping; foreign currency exchange; lock box and online services; trust services; brokerage services; and employee benefit plan and estate administration. The firm is currently undergoing an expansion plan, focusing on the Chicago suburbs. More than 55% of the firm’s loans and 28% of its deposits now come from expansion markets. AMCORE offers employee benefits including medical, dental and life insurance; tuition reimbursement; relocation assistance; financial assistance with childcare; a 401(k) plan with company match; a discount stock purchase plan; and a computer purchase program.
BRANDS/DIVISIONS/AFFILIATES: AMCORE Bank, N.A. AMCORE Consumer Finance Company, Inc. AMCORE Investment Group, N.A. AMCORE Capital Trust I ARP Holdings, LLC AMCORE Investment Services, Inc. AMCORE Real Properties, LLC
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William R. McManaman, CEO Donald Wilson, COO Donald Wilson, Pres. Judith Carre Sutfin, CFO/Exec. VP Eleanor F. Doar, Exec. VP/Dir.-Mktg. Lori M. Burke, Exec. VP-Admin. Svcs. Guy W. Francesconi, General Counsel/Exec. VP/Corp. Sec. Thomas R. Szmanda, Exec. VP-Retail Banking Group Richard Stiles, Exec. VP-Commercial Banking Group Nancy Moore, Sr. VP-Mortgage Group Russell Campbell, Exec. VP-Amcore Investment Group William R. McManaman, Chmn.
Phone: 815-968-2241 Fax: 815-961-7544 Toll-Free: 888-426-2673 Address: 501 7th St., Rockford, IL 61104 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $420,933 2007 Profits: $28,241 U.S. Stock Ticker: AMFI 2006 Sales: $414,765 2006 Profits: $47,275 Int’l Ticker: Int’l Exchange: 2005 Sales: $347,778 2005 Profits: $44,941 Employees: 1,401 2004 Sales: $299,439 2004 Profits: $45,696 Fiscal Year Ends: 12/31 2003 Sales: $309,958 2003 Profits: $43,504 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 6 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing: Y
Top Exec. Salary: $560,000 Second Exec. Salary: $329,583
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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AMEGY BANCORPORATION
www.amegybank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Commercial & Consumer Lending Mortgages Investment Management Trust Services Merchant Card Services Online Banking
Amegy Bancorporation, a subsidiary of Zions Bancorp, is the holding company for Amegy Bank of Texas, formerly Southwest Bank of Texas N.A., which serves middle-market businesses, private banking individuals and retail consumers through 85 full-service banking facilities in Houston and Dallas, Texas. With assets of more than $12 billion, the company offers checking, savings, money market, CDs, and commercial loans to middle-market and small businesses; and commercial real estate loans. For individuals, it offers personal loans; residential mortgages and construction loans; and customized wealth management services. Other offerings include investment and capital market products and services; trust and private banking services; accounts receivable financing; letters of credit; and merchant card services. Amegy’s treasury management marketing offices design customized cash management solutions. These services include commercial, corporate, payroll and Visa business check card services; information management including its Account Reconciliation Program, Anytime Deposits, Electronic Data Interchange Service, check imaging, e-statements, file transfer services, information reporting services and multi-bank reporting and data exchange services; and liquidity services such as autopay, escrow account services and a commercial premium yield program. Other services include payables solutions such as its Automated Clearing House product and Electronic Federal Tax Payment Service, as well as collection, controlled disbursement, direct deposit, direct credit and funds transfer services; receivables solutions; and risk management solutions. In addition, customers have access to all bank account information through the bank’s NetSt@r Internet system. In September 2007, Amegy Bank of Texas completed a merger with Intercontinental National Bank of San Antonio. Intercontinental Bank is now part of Amegy Bank of Texas, and all locations were fully incorporated by November 2007. Amegy offers its employees flexible spending accounts, an employee assistance program, educational assistance, profit sharing, a 401(k) plan, free banking services and health, dental and vision coverage.
BRANDS/DIVISIONS/AFFILIATES: Zions Bancorp Amegy Bank of Texas Southwest Bank of Texas N.A. NetSt@r Account Reconciliation Program Anytime Deposits Electronic Data Interchange Service Automated Clearing House
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Paul Murphy, CEO Scott J. McLean, Pres. Leigh Akin, VP-Corp. Comm. Walter E. Johnson, Chmn.
Phone: 713-235-8800 Fax: 713-439-5949 Toll-Free: 800-287-0301 Address: 4400 Post Oak Pkwy., Houston, TX 77027-7459 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 2,126 2004 Sales: $379,700 2004 Profits: $68,500 Fiscal Year Ends: 12/31 2003 Sales: $326,023 2003 Profits: $60,729 Parent Company: ZIONS BANCORP
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing: Y
Top Exec. Salary: $368,750 Second Exec. Salary: $312,885
Bonus: $200,000 Bonus: $175,000
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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AMERICAN EXPRESS CO
www.americanexpress.com
Industry Group Code: 522210 Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Credit Card Issuing Travel-Related Services Lending & Financing Transaction Services Point-of-Sale Systems International Banking Services Expense Management Magazine Publishing
American Express Co. (AmEx) provides travel-related services, credit cards and international banking services. During 2007, the company reorganized their businesses into two customer-focused groups—the Global Consumer Group and the Global Business-to-Business Group. U.S. Card Services and International Card Services are aligned within the Global Consumer Group and Global Commercial Services and Global Network & Merchant Services are aligned within the Global Business-to-Business Group. The Global Consumer Group generates revenue and provides products and services including: credit cards for consumers and small businesses globally, travel services for consumers and stored value products, such as gift cards or Travelers Cheques. The Global Business-to-Business Group provides similar products services for businesses across the world, such as business travel services, corporate and expense management cards and services, network services and merchant services. American Express cards, the firm’s most notable product, are issued in over 40 currencies and enable card members to purchase goods and services worldwide. The company has a wholesale travel business in the U.S. through subsidiary Travel Impressions. Another division, American Express Publishing, operates several leading magazines for affluent readers, including Food & Wine and Travel+Leisure. In July 2007, American Express Business Travel completed the acquisition of Farrington American Express Travel Services Limited in Hong Kong. In February 2008, the firm sold its international banking operations, American Express Bank Ltd., to Standard Chartered PLC for $823 million, and entered into an agreement that will allow Standard Chartered to purchase American Express International Deposit Company in 2009. For its U.S. employees, AmEx provides health care plans; a life and disability insurance plan; travel discounts; and assistance programs covering legal advice, adoption, education and personal issues.
BRANDS/DIVISIONS/AFFILIATES: American Express Travel Related Services Company American Express Publishing Corporation Food & Wine Travel+Leisure OPEN: The Small Business Network Ameriprise Financial, Inc. American Express Business Travel Farrington American Express Travel Services Ltd.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Kenneth I. Chenault, CEO Alfred F. Kelly, Jr., Pres. Daniel Henry, CFO/Exec. VP John D. Hayes, Chief Mktg. Officer/Exec. VP-Global Advertising L. Kevin Cox, Exec. VP-Human Resources & Quality Stephen Squeri, CIO/Exec. VP Louise M. Parent, General Counsel/Exec. VP Thomas Schick, Exec. VP-Corp. Affairs & Comm. Edward P. Gilligan, Group CEO-Business-to-Business Ahswini Gupta, Pres., Risk, Info. Mgmt. & Banking Group Judson C. Linville, CEO/Pres., Consumer Services William H. Glenn, Pres., Global Establishment Svcs./Global Merchant Kenneth I. Chenault, Chmn. Douglas E. Buckminster, Pres., Int'l Consumer
Phone: 212-640-2000 Fax: 212-619-9802 Toll-Free: Address: World Financial Ctr., 200 Vesey St., New York, NY 10285 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $27,731,000 2007 Profits: $4,012,000 U.S. Stock Ticker: AXP 2006 Sales: $25,154,000 2006 Profits: $3,707,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $24,300,000 2005 Profits: $3,734,000 Employees: 67,700 2004 Sales: $22,000,000 2004 Profits: $3,445,000 Fiscal Year Ends: 12/31 2003 Sales: $25,866,000 2003 Profits: $2,987,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing: Y
Top Exec. Salary: $1,238,461 Second Exec. Salary: $771,154
Bonus: $6,500,000 Bonus: $5,039,500
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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AMERICREDIT CORP
www.americredit.com
Industry Group Code: 522220 Ranks within this company's industry group: Sales: 4 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 2
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Automobile Financing
AmeriCredit Corp. is an independent auto finance company. The firm purchases auto finance contracts generally without recourse from franchised and select independent automobile dealerships. The company targets consumers unable to obtain financing from banks, credit unions and manufacturer captive auto finance companies. Funding of its auto lending activities is obtained primarily through the transfer of loans in securitizations transactions. AmeriCredit services its loan portfolio at regional centers using automated loan servicing and collection systems. The company works with almost 10,000 automobile dealers, develops relationships with these dealers and underwrites their contracts. Approximately 15% of the firm’s portfolio is prime, 28% is near prime and 57% is subprime. The firm’s servicing activities consist primarily of collecting and processing customer payments; responding to customer inquiries; initiating contact with customers who are delinquent in payment of an installment; maintaining the security interest in the financed vehicle; monitoring physical damage insurance coverage of the financed vehicle; and arranging for the repossession of financed vehicles, liquidation of collateral and pursuit of deficiencies when necessary. In January 2007, the company acquired Long Beach Acceptance Corp., a provider of auto finance products primarily to consumers with near-prime credit bureau scores, for about $282 million. During 2007, the firm sold its remaining interest in DealerTrack Holdings, Inc. During the 2008 fiscal year, the firm discontinued providing loans directly to customers buying new and used vehicles and provides lease financing through its dealership network. In April 2008, the firm announced a $2 billion forward purchase agreement with Deutsche Bank AG, in which Deutsche Bank will purchase triple-A rated asset-backed securities offered on the subprime AmeriCredit Automobile Receivables Trust securitization platform and receive 7.5 million shares of AmeriCredit. The company offers its employees medical, dental and vision insurance; life, AD&D and disability insurance; an employee assistance program; and tuition reimbursement.
BRANDS/DIVISIONS/AFFILIATES: Bay View Acceptance Corp. Long Beach Acceptance Corp. AmeriCredit Automobile Receivables Trust
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Daniel E. Berce, CEO Preston A. Miller, Co-COO/Exec. VP Daniel E. Berce, Pres. Chris A. Choate, CFO/Exec. VP J. Michael May, Chief Legal Officer/Sec. Chris A. Choate, Treas. Mark Floyd, Co-COO/Exec. VP Steve Bowman, Exec. VP/Chief Credit & Risk Officer Kyle R. Birch, Exec. VP-Dealer Svcs. James M. Fehleison, Exec. VP/Controller Clifton H. Morris, Jr., Chmn.
Phone: 817-302-7000 Fax: 817-302-7101 Toll-Free: 800-644-2297 Address: 801 Cherry St., Ste. 3900, Fort Worth, TX 76102 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $2,339,923 2007 Profits: $360,249 U.S. Stock Ticker: ACF 2006 Sales: $1,811,338 2006 Profits: $306,183 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,450,846 2005 Profits: $285,909 Employees: 4,831 2004 Sales: $1,215,836 2004 Profits: $226,983 Fiscal Year Ends: 6/30 2003 Sales: $981,300 2003 Profits: $21,200 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $950,000 Second Exec. Salary: $900,000
Bonus: $1,377,500 Bonus: $1,305,000
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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ANCHOR BANCORP WISCONSIN
www.anchorbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 136 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 127
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Insurance Securities Annuities Online Banking
Anchor BanCorp Wisconsin, Inc. is a registered savings and loan holding company for AnchorBank, fsb, its wholly-owned banking subsidiary. The Wisconsin-based company is primarily focused on the consumer and small business markets and offers numerous checking, savings and lending programs designed to meet the needs of different customers. Services offered by Anchor include checking, savings and money market accounts, mortgages, home equity and other consumer loans, student loans, credit cards, annuities and related consumer financial services. Small business services include checking accounts, lines of credit, secured loans and commercial real estate loans. Business is conducted from 76 full-service offices throughout the state of Wisconsin, as well as two specialty loan origination offices. In addition to its primary banking business, the firm also maintains a number of other subsidiaries: Investment Directions, Inc., which invests in real estate partnerships through five divisions; Nevada Investment Directions, Inc.; California Investment Directions, Inc.; S&D Indian Palms, Ltd.; Davsha, LLC; Oakmont; ADPC Corp., which holds and develops certain foreclosed properties held by the bank; and Anchor Investment Corp., an operating subsidiary which manages a portion of Anchor BanCorp’s investment portfolio, primarily mortgage-related securities. In July 2007, Anchor BanCcorp agreed to acquire S&C Bank, with 17 banking locations in northwestern Wisconsin and the Greater Twin Cities area. The acquisition was completed in January 2008. The firm sold three S&C locations outside of Wisconsin to Lake Area Bank. Anchor BanCorp offers its employees a flexible spending plan, a free checking account, educational assistance, flextime, a 401(k) plan, an employee stock purchase plan and health, dental and vision insurance.
BRANDS/DIVISIONS/AFFILIATES: AnchorBank, fsb Investment Directions, Inc. Nevada Investment Directions, Inc. California Investment Directions, Inc. ADPC Corp. Anchor Investment Corp. S&D Indian Palms, Ltd. Davsha, LLC
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Douglas J. Timmerman, CEO Douglas J. Timmerman, Pres. Dale C. Ringgenberg, CFO/Sr. VP Mark D. Timmerman, General Counsel/Exec. VP/Corp. Sec. Gillian Harvie, Mgr.-Public Rel. Dale C. Ringgenberg, Treas. Daniel K. Nichols, Exec. VP-Commercial Lending J. Anthony Cattelino, Exec. VP Douglas J. Timmerman, Chmn.
Phone: 608-252-8700 Fax: 608-252-8976 Toll-Free: Address: 25 W. Main St., Madison, WI 53703 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $334,974 2007 Profits: $38,972 U.S. Stock Ticker: ABCW 2006 Sales: $305,526 2006 Profits: $44,683 Int’l Ticker: Int’l Exchange: 2005 Sales: $334,843 2005 Profits: $48,335 Employees: 831 2004 Sales: $272,300 2004 Profits: $47,400 Fiscal Year Ends: 3/31 2003 Sales: $242,400 2003 Profits: $49,600 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $415,000 Second Exec. Salary: $256,250
Bonus: $166,798 Bonus: $91,739
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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ARVEST HOLDINGS INC
www.arvest.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Personal Investment Services Mortgage Financing Equipment Leasing Credit Cards Trust Services Benefit Plan Management Online Trading
Arvest Holdings, Inc., the holding company for Arvest Bank Group, provides banking, credit card, asset management, mortgage financing and equipment leasing to customers in Arkansas, Kansas, Missouri and Oklahoma. The group operates almost 200 branches and 250 ATM locations and offers individual, small business and corporate customers a wide range of financial services. Arvest Bank offers individuals checking and savings accounts, personal investment services, consumer loans, online banking, credit cards, auto warranties, trust services and mortgage financing. Small business customers receive checking accounts and merchant credit cards, while corporate customers have access to loans, benefit plan management services, credit cards and cash management services. The firm offers its services through seven divisions: Arvest Asset Management, Arvest Mortgage Company, Security BankCard Center, Arvest Equipment Leasing, Central Mortgage Company, Arvest Dealer Division and Superior Finance Company. Arvest Asset Management offers investment management services. Arvest Mortgage Company made more than 8,000 home loans in 2007. The Security BankCard Center provides credit card services to more than 54,000 consumers and 34,000 commercial accounts. Arvest Equipment Leasing provides customized equipment financing plans. Central Mortgage Company is a servicer of residential mortgage loans. Arvest Dealer Division develops and maintains indirect loan portfolios for both internal and external customers through a network of more than 250 dealers. Finally, Superior Finance Company specializes in financing for personal auto and home equity loans. In 2007, the company purchased Caney Valley Bancshares in Kansas, in addition to substantially all of the deposits, loans and related customer accounts of a Grove, Oklahoma branch of Tulsa-based Grand Bank. Arvest offers employees an assortment of benefits, including a free associate account, group health insurance, life insurance and loans.
BRANDS/DIVISIONS/AFFILIATES: Arvest Bank Group Arvest Asset Management Arvest Mortgage Company Security BankCard Center Arvest Equipment Leasing Central Mortgage Company Arvest Dealer Division Superior Finance Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Jim C. Walton, CEO Karla Payne, Sr. VP-Finance K. Kevin Sabin, COO-Arvest Bank K. Kevin Sabin, Pres., Arvest Bank Jim C. Walton, Chmn.
Phone: 479-750-1400 Fax: 479-273-7477 Toll-Free: Address: 125 W. Central, Ste. 218, Bentonville, AR 72712 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Private 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 4,500 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing: Y
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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ASSOCIATED BANC-CORP
www.associatedbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 80 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 70
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Credit Cards Insurance Services Investment Services Corporate Banking Personal Banking Asset Management Mortgages
Associated Banc-Corp (Associated) is a bank holding company with $22 billion in total assets and approximately 300 banking locations across 180 communities in Wisconsin, Illinois and Minnesota. Associated organizes its business into two primary segments: banking and wealth management. These services are conducted primarily through the firm’s upper Midwestern subsidiaries through many branch facilities, as well as loan production offices, supermarket branch locations, a customer service call center and 24-hour-a-day phone-banking services, an ATM network and Internet banking services. Services provided by the banking division include lending and deposit gathering to businesses, governments and consumers, as well as the support to deliver, fund and manage such banking services. Associated offers a number of loan and deposit products to retail customers, including home equity loans, lines of credit, residential mortgage loans, mortgage refinancing, education loans, personal and installment loans, checking, savings, money market deposit accounts, IRA accounts, certificates of deposit and safe deposit boxes. The wealth management segment provides a variety of fiduciary, investment management, advisory and corporate agency services to assist customers in building, investing or protecting wealth. Customers include individuals, corporations, small businesses, charitable trusts, endowments, foundations and institutional investors. In June 2007, the company completed the acquisition of First National Bank of Hudson. Associated Banc-Corp offers employees extensive benefits including a wellness program, flexible spending accounts, an employee assistance program, tuition reimbursement, banking product benefits, a computer purchase program and relocation assistance.
BRANDS/DIVISIONS/AFFILIATES: Associated Bank, National Association Jabas Group, Inc. First Federal Capital Bank State Financial Services Corp. Banc-Corp InterNotes Incapital LLC
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Paul S. Beideman, CEO Lisa B. Binder, COO Lisa B. Binder, Pres. Joseph B. Selner, CFO Nick Papachristou, Chief Mktg. Officer/Exec. VP Judith Docter, Exec. VP/Dir.-Human Resources Mark Quinlan, CIO/Exec. VP Mark Quinlan, Dir.-Tech. Brian R. Bodager, Chief Admin. Officer Brian R. Bodager, General Counsel/Exec. VP/Corp. Sec. Mark Quinlan, Dir.-Oper. Mark J. McMullen, Dir.-Wealth Mgmt. Gordon J. Weber, Exec. VP/Dir.-Corp. Banking David Baumgarten, Exec. VP/Dir.-Regional Banking Gordon King, Exec. VP/Chief Credit Officer Paul S. Beideman, Chmn.
Phone: 920-491-7000 Fax: 920-491-7010 Toll-Free: 800-682-4989 Address: 1200 Hansen Rd., Green Bay, WI 54304 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,620,493 2007 Profits: $285,752 U.S. Stock Ticker: ASBC 2006 Sales: $1,574,880 2006 Profits: $316,645 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,385,111 2005 Profits: $320,161 Employees: 5,110 2004 Sales: $977,369 2004 Profits: $258,300 Fiscal Year Ends: 12/31 2003 Sales: $973,800 2003 Profits: $228,700 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $842,308 Second Exec. Salary: $497,115
Bonus: $600,000 Bonus: $650,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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ASTORIA FINANCIAL CORP
www.astoriafederal.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 83 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 87
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Commercial Real Estate Mutual Funds Annuities Research Information Services Title Insurance
Astoria Financial Corp. is the holding company for Astoria Federal Savings and Loan Association. The company has total assets of approximately $21.6 billion and is the largest thrift depository headquartered in New York with deposits of about $13.1 billion. Astoria Financial maintains 85 branches in New York City and upstate New York. Astoria Federal’s primary business is attracting retail deposits from the general public and investing those deposits, together with funds generated from operations, principal repayments on loans, securities and borrowed funds, primarily in family mortgage loans, mortgage-backed securities, multi-family mortgage loans and commercial real estate loans. The firm also invests in construction loans and consumer loans, as well as in the U.S. government, government agency and government-sponsored enterprise, securities and other investments. The firm has a broker network covering 22 states and Washington D.C. In addition to Astoria Federal, the firm maintains two other subsidiaries: AF Insurance Agency, Inc., and Astoria Capital Trust, Inc. AF Insurance Agency is a life, property and casualty insurance agency which provides insurance products to customers of Astoria Federal through contractual agreements with various third party marketing organizations. Astoria Capital Trust, Inc. exists primarily for the purpose of issuing aggregate liquidation to Astoria Financial.
BRANDS/DIVISIONS/AFFILIATES: Astoria Federal Savings and Loan Association AF Insurance Agency, Inc. Astoria Capital Trust, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. George L. Engelke, Jr., CEO Monte N. Redman, COO Monte N. Redman, Pres. Frank E. Fusco, CFO/Exec. VP Gerard C. Keegan, Chief Admin. Officer/Vice Chmn. Alan P. Eggleston, General Counsel/Exec. VP/Corp. Sec. Frank E. Fusco, Treas. Arnold K. Greenberg, Exec. VP Gary T. McCann, Exec. VP George L. Engelke, Jr., Chmn.
Phone: 516-327-3000 Fax: 516-327-7461 Toll-Free: 800-278-6742 Address: 1 Astoria Federal Plaza, Lake Success, NY 11042 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,201,596 2007 Profits: $124,822 U.S. Stock Ticker: AF 2006 Sales: $1,178,164 2006 Profits: $174,897 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,185,200 2005 Profits: $233,800 Employees: 1,597 2004 Sales: $1,126,000 2004 Profits: $219,500 Fiscal Year Ends: 12/31 2003 Sales: $1,176,900 2003 Profits: $196,800 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $1,100,000 Second Exec. Salary: $673,077
Bonus: $731,500 Bonus: $356,250
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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AUSTRALIA AND NEW ZEALAND BANKING GROUPwww.anz.com.au Industry Group Code: 522110 Ranks within this company's industry group: Sales: 35 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 36
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Credit Cards Foreign Exchange Services Online Banking Institutional Services Vehicle & Equipment Financing & Rental Rural & Agricultural Banking Corporate Financing
Australia and New Zealand Banking Group (ANZ) is one of the largest banks in the Pacific Rim, with approximately AUD$392.6 billion in total assets and over six million customers. Two of the firm’s largest divisions are personal and institutional. Personal includes regional, rural and small business banking; banking products including phone and Internet banking; mortgages; consumer finance; investments and insurance; and South Pacific banking. The institutional division includes foreign exchange and commodity trading sales-related services; complex financing and advisory services; leasing; and managing customer relationships and providing other financial services for the firm’s larger clients. Additional activities include the 49% ownership of a jointventure with ING Group, called ING Australia, bringing wealth management services to ANZ’s customer base. Another group activity is Private Bank, managing family assets for high net worth individuals. Finally, its international partnerships include agreements with PT Panin Bank in Indonesia; Metrobank in the Philippines; the Royal Group in Cambodia; Tianjin City Commercial Bank in China; and Sacombank in Vietnam. In July 2008, ANZ along with Visa launched a prepaid reloadable credit card. The card, called ANZ Stadium Visa payWave card, is the first of its kind in Australia. Also in July 2008, ANZ introduced a financial advisory service that offers solutions in asset allocation; risk, estate and tax planning; and multi-currency loans and deposits. The advisory services are offered to expatriates and Asian investors through Private Bank in Hong Kong. Later that month, the company launched customized internet banking services for Apple iPhone users. A browser based webpage designed especially for iPhone was developed by ANZ. Employees of the firm are offered: parental leave and assistance; dependent care leave; flexible job schedules; subsidized home computers; parental and lifestyle leave; flexible job schedules; childcare; and Health and wellness programs.
BRANDS/DIVISIONS/AFFILIATES: National Bank of New Zealand Esanda ANZ
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Mike Smith, CEO Peter Marriott, CFO Susie Babani, Group Managing Dir.-Human Resources Peter Dalton, CIO Chris Karopoulos, Gen. Mgr.-Technology Australia David Cartwright, Group Managing Dir.-Oper. & Shared Svcs. Margaret Payn, Group Managing Dir.-Strategy & Mkt. Paul Edwards, Group Gen. Mgr.-Corp. Comm. Chris Page, Chief Risk Officer Graham Hodges, CEO, New Zealand Brian Hartzer, CEO, Australia David Hisco, Group Managing Dir.-Commercial Banking Catherine McDowell, Managing Dir.-Private Banking Alex Thursby, CEO-Asia Pacific
Phone: 61-3-9273-5555 Fax: 61-3-9273-6142 Toll-Free: 800-11-3399 Address: 100 Queen St., Level 6, Melbourne, Victoria 3000 Australia
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $24,463,500 2007 Profits: $3,375,600 U.S. Stock Ticker: ANZBY.PK 2006 Sales: $18,906,000 2006 Profits: $2,731,100 Int’l Ticker: ANZ Int’l Exchange: Sydney-ASX 2005 Sales: $15,950,300 2005 Profits: $2,412,400 Employees: 34,353 2004 Sales: $12,736,000 2004 Profits: $2,048,000 Fiscal Year Ends: 9/30 2003 Sales: $8,824,385 2003 Profits: $1,612,688 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 6 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $549,471 Second Exec. Salary: $545,850
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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BANCA MONTE DEI PASCHI DI SIENA SPA Industry Group Code: 522110 Ranks within this company's industry group: Sales: 57 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
www.mps.it
Profits: 46
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Asset Management Investment Banking Insurance Wealth Management Business Financing Mutual Funds
Banca Monte dei Paschi di Siena S.p.A. (Banca MPS) is one of the largest Italian banking groups with more than 3,000 branches and over 4 million customers. The bank’s services include traditional banking; asset management; private banking such as mutual funds, wealth management, life insurance and pension funds; investment banking; business financing, including project finance, financial counseling and merchant banking; and family and small- and medium-sized businesses accounts. The institution has subsidiaries located throughout Italy, Europe, Africa and South East Asia. Banca MPS operates in four business divisions: Banca Toscana, Banca Antonveneta, MPS Banca Personale and Biverbanca. Banca Toscana, headquartered in Florence, operates through more than 430 branches spread mainly throughout central Italy. The bank, which offers commercial banking services, is focused on the needs of families, smalland medium-sized businesses and the local economy. The recently acquired Banca Antonveneta operates more than 1,000 branches and approximately 1,100 ATMs. MPS Banca Personale concentrates on personalized consultancy and services for wealth management, offering its products through more than 130 offices to about 10,000 customers. Biverbanca’s operations consist of 105 branches throughout Italy. Banca MPS’s subsidiaries include Banca Toscana SpA; Banca del Monte di Parma SpA; Banca Popolare di Spoleto SpA; Biverbanca SpA; MPS Capital Services SpA; Intermonte SpA; and Banca MP Belgio SpA. In December 2007, Banca Monte agreed to buy Intesa Sanpaolo’s 55% stake in Biverbanca for roughly $570 million. In February 2008, the company completed the acquisition of AXA SIM. In May 2008, the company acquired Antonveneta from Banco Santander. In July 2008, the company sold a 49% stake in Banca Monte Parma SpA to Banca Sella Holding SpA.
BRANDS/DIVISIONS/AFFILIATES: Banca Toscana Banca Agricola Mantovana MPS Banca Personale AXA SIM Banca Antonveneta Banca Agricola Mantovana SpA Banca del Monte di Parma SpA Banca Popolare di Spoleto SpA
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Antonio Vigni, Gen. Mgr. Daniele Pirondini, CFO F. Rossi, Dir.-Human Resources A. Santoni, Dir.-Investor Rel. G. Barbieri, Dir.-Commercial Banking & Distribution Network N. Romito, Dir.-Wealth Mgmt. & Private Banking M. Morelli, Dir.-Corp. Banking & Capital Markets G. Olivato, Dir.-Banca Toscana Giuseppe Mussari, Chmn.
Phone: 39-0577-294-111 Fax: 39-0577-294-017 Toll-Free: Address: Piazza Salimbeni, 3, Siena, 53100 Italy
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $7,657,900 2007 Profits: $1,707,700 U.S. Stock Ticker: 2006 Sales: $7,457,000 2006 Profits: $1,079,200 Int’l Ticker: BMPS Int’l Exchange: Milan-BI 2005 Sales: $ 2005 Profits: $ Employees: 24,167 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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BANCO POPULAR ESPANOL SA
www.bancopopular.es
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 60 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 44
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Asset Management Private Banking Insurance Mutual Funds Cash Management Services Pension Plans Management Online Banking
Banco Popular Group is a financial and banking group headquartered in Spain. The group’s services include personal banking, such as checking accounts, mortgages, credit cards, home insurance, savings accounts and investment funds; corporate banking, including business accounts services, cash management services, business insurance and trade finance; asset management; private banking; mutual fund management; risk management; life insurance; and pension plans management. The organization also offers customers online and phone banking. The institution operates through more than 2,200 branches in Spain, over 200 in Portugal and 14 in France; and more than 3,300 ATMs. The group is comprised of the parent unit, Banco Popular Espanol S.A.; five regional banks in Spain, including Banco de Andalucia, Banco de Galicia, Banco de Castilla, Banco de Vasconia and Banco de Credit Balear, all majority owned by Banco Popular; Banco Popular Portugal; and Banco Popular France. In addition, the firm owns Banco Popular Hipotecario, a subsidiary focused on property financing; Bancopopular-e, an Internet bank; and 60% of Popular Banca Privada, a private banking unit.
BRANDS/DIVISIONS/AFFILIATES: Banco de Andalucia Banco de Galicia Banco de Castilla Banco de Vasconia Banco de Credit Balear Banco Popular France Banco Popular Portugal Bancopopular-e
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Roberto Higuera, CEO Ernesto Rey, CFO Jose L. Manso, Dir.-Human Resources Tomas Pereira, Dir.-Legal Svcs. Francisco Sancha, Dir.-Investor Rel. Francisco Gomez, Gen. Mgr.-Risk Angel Rivera, Gen. Mgr.-Retail Banking Jesus Arellano, Gen. Mgr.-Supporting Activities Jose Manuel Pineiro, Dir.-Asset Mgmt. Angel Ron, Chmn.
Phone: 34-91-520-7000 Fax: 34-91-577-9208 Toll-Free: 800-34-800-800 Address: 34 Velasquez St., Madrid, 28001 Spain
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $5,725,700 2007 Profits: $1,953,300 U.S. Stock Ticker: 2006 Sales: $5,125,300 2006 Profits: $1,590,300 Int’l Ticker: POP Int’l Exchange: Madrid-MCE 2005 Sales: $ 2005 Profits: $ Employees: 14,056 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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BANCO SANTANDER CENTRAL HISPANO SA Industry Group Code: 522110 Ranks within this company's industry group: Sales: 12 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
www.santander.com
Profits: 7
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Asset Management Investment Banking Insurance Mortgages Private Banking Services
Banco Santander Central Hispano, S.A., based in Spain, is a major financial group operating principally in Spain, the U.K., Portugal, Germany, Italy and Latin America with more than 11,170 offices. The firm offers banking services in three main business areas: continental Europe, the U.K. and Latin America. These geographical divisions are subdivided into three business lines: retail banking; global wholesale banking; and asset management and insurance. The retail banking division includes mortgage origination, deposits, provider pension plans, tax information services and online banking services. Global wholesale reflects the returns from global corporate banking and investment banking as well as the company’s equity business. Asset management and insurance services include short and long-term fixed yield; mixed and equity and guarantee funds; mortgage-linked and stand-alone life insurance; homeowners insurance; and automobile insurance. Santander’s banking subsidiaries include Banco Santander-Chile; Banco Rio de la Plata in Argentina; Grupo Financiero Santander Mexicano in Mexico; Banco do Estado de Sao Paulo in Brazil; and Santander BanCorp in Puerto Rico. In February 2008, the company agreed to acquire Fortis, the Brazilian asset management segment of ABN AMRO. The firm also agreed to acquire GE Money’s units in Germany, Finland and Austria, as well as the company’s card and auto businesses in the U.K. As part of the terms of this agreement, GE Money will then acquire Interbanca, in addition to the Royal Bank of Scotland and Fortis. In April 2008, Santander Consumer Finance agreed to acquire the Royal Bank of Scotland’s consumer finance business in Germany, the Netherlands, Belgium and Austria. In September 2008, subsidiary Abbey acquired Bradford & Bingley’s direct channels and retail deposits. October 2008 saw the acquisition of Alliance & Leicester plc; and threefourths of Philadelphia-based Sovereign Bancorp that it didn't already own, for $1.9 billion.
BRANDS/DIVISIONS/AFFILIATES: Santander BanCorp Banco Rio de la Plata Grupo Financiero Santander Mexicano Banco do Estado de Sao Paulo Banco Santander-Chile Alliance & Leicester plc
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Antonio Horta-Osorio, CEO Jose Luis Gomez Alcitiurri, Sr. Exec. VP-Human Resources Jose Maria Fuster, Sr. Exec. VP-Tech. Jose Maria Fuster, Sr. Exec. VP-Oper. Joan David Grima, Head-Asset Mgmt. Fabio Barbosa, Head-Grupo Santander Brazil Magda Salarich, Sr. Exec. VP/Head-Consumer Finance Emilio Botin-Sanz de Sautuola Y Garcia de los Rios, Chmn. Javier Marin Romano, Sr. Exec. VP-Global Private Banking
Phone: 34-91-520-8500 Fax: 34-91-257-1039 Toll-Free: Address: Paseo de la Castellana, Madrid, 24 Spain
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $72,260,000 2007 Profits: $10,020,000 U.S. Stock Ticker: STD 2006 Sales: $77,101,001 2006 Profits: $9,789,458 Int’l Ticker: BNC Int’l Exchange: London-LSE 2005 Sales: $52,440,200 2005 Profits: $7,483,600 Employees: 132,000 2004 Sales: $36,059,100 2004 Profits: $4,247,400 Fiscal Year Ends: 12/31 2003 Sales: $31,796,600 2003 Profits: $3,282,300 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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BANCORPSOUTH INC
www.bancorpsouth.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 96 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 86
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Insurance Personal Banking Business Banking Loans Credit Cards Mortgages Investment Services
BancorpSouth, Inc. is a bank holding company that offers commercial banking and financial services through approximately 270 offices in Mississippi, Tennessee, Alabama, Arkansas, Texas, Louisiana and Florida. The company provides a range of financial services to individuals and small to medium-sized businesses through its subsidiary BancorpSouth Bank. The bank provides consumers with checking and savings accounts, consumer finance, first and second mortgages, personal loans, credit cards and commercial banking services using a decentralized, day-today type of organization. Through its insurance subsidiary, BancorpSouth Insurance Services, Inc., the firm sells title insurance, commercial lines of insurance and a full line of property and casualty, life, health and employee benefits products and services. The bank’s trust department offers a variety of services including personal trust and estate services, certain employee benefit accounts and plans, including individual retirement accounts and limited corporate trust functions. The BancorpSouth Investment Services subsidiary provides brokerage, investment advisory and asset management services. In January 2008, BancorpSouth Insurance Services acquired the property and casualty division of the Springfield, Missouri office of Arthur J. Gallagher, Risk Management Services, Inc. The agency will operate under the name of Southwest Missouri Insurance Group (SMI Group). In June of the same year, BancorpSouth announced plans to open a loan production office in Alexandria, Louisiana that will focus on commercial lending, residential mortgage lending and real estate construction.
BRANDS/DIVISIONS/AFFILIATES: BancorpSouth Bank Bank of Mississippi BancorpSouth Investment Services, Inc. BancorpSouth Insurance Services, Inc. Risk Advantage, Inc. American State Bank Corporation Century Credit Life Insurance Company Personal Finance Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Aubrey B. Patterson, Jr., CEO James V. Kelley, COO James V. Kelley, Pres. Lee Nash Allen, Jr., CFO Cathy S. Freeman, Exec. VP/Corp. Sec. Lee Nash Allen, Jr., Treas./Exec. VP Larry D. Bateman, Exec. VP/Vice Chmn.-BancorpSouth Bank Gordon E. Lewis, Exec. VP/Vice Chmn.-BancorpSouth Bank W. James Threadgill Jr., Exec. VP/Vice Chmn.-BancorpSouth Bank Gregg Cowsert, Exec. VP/Vice Chmn./Chief Lending Officer Aubrey B. Patterson, Chmn.
Phone: 662-680-2000 Fax: 662-678-7299 Toll-Free: 888-797-7711 Address: 1 Mississippi Plaza, 201 S. Spring St., Tupelo, MS 38804 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,033,041 2007 Profits: $137,943 U.S. Stock Ticker: BXS 2006 Sales: $887,985 2006 Profits: $125,194 Int’l Ticker: Int’l Exchange: 2005 Sales: $758,748 2005 Profits: $115,199 Employees: 4,400 2004 Sales: $681,809 2004 Profits: $110,620 Fiscal Year Ends: 12/31 2003 Sales: $716,997 2003 Profits: $131,134 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $717,586 Second Exec. Salary: $473,101
Bonus: $645,827 Bonus: $319,343
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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BANCWEST CORPORATION
www.bancwestcorp.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Consumer Loans & Leasing Mortgages Corporate Lending Mutual Funds Trust & Investment Services Insurance
BancWest Corp., a bank holding company, is a whollyowned subsidiary of BNP Paribas, an international financial services group based in Europe. BancWest has operations in consumer finance (automobile, recreational vehicle and marine loans and leases), residential lending (mortgage loans and home equity lending) and commercial banking (corporate lending, media/telecommunications credits and loans to religious organizations). The firm is the parent company of First Hawaiian Bank and Bank of the West. Each bank operates as a separate entity with a combined customer base of over 4 million and over $70 billion in assets. First Hawaiian Bank is one of the oldest financial institutions in Hawaii and has 62 branches throughout the state, Guam and Saipan, as well as an international branch in Grand Cayman, British West Indies and a representative office in Tokyo, Japan. The bank is a subsidiary of Bank of the West. Bank of the West operates 685 branch, specialty and commercial locations in 19 states throughout the western and Midwestern U.S., a representative office in New York, and locations in Taiwan and Japan. It is organized into two primary lines of business: the retail and business banking group and the commercial banking group. The retail and business banking group operates the firm’s network of branches, banking centers, insurance and investment offices that provide full retail and small-business deposit, credit and investment services. The commercial banking group provides commercial banking services to middle-market and large companies, including agriculture, commercial real estate, trade financing, loan syndication, equipment leasing and religious institution credit services.
BRANDS/DIVISIONS/AFFILIATES: Bank of the West First Hawaiian Bank BNP Paribas
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Don J. McGrath, CEO Thibault Fulconis, CFO Vanessa Washington, Corp. Sec. Gilles Karpowicz, Risk Manager Don J. McGrath, Chmn.
Phone: 808-525-6254 Fax: 808-525-7086 Toll-Free: Address: 999 Bishop St., 29th Fl., Honolulu, HI 96813 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 9,829 2004 Sales: $2,226,700 2004 Profits: $473,400 Fiscal Year Ends: 12/31 2003 Sales: $2,071,000 2003 Profits: $436,600 Parent Company: BNP PARIBAS
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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BANK OF AMERICA CORP
www.bankofamerica.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 6 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 3
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Commercial Real Estate Investment & Brokerage Services Insurance Mutual Funds Venture Capital Mortgages Credit Cards
Bank of America Corp. is a global provider of a diversified range of banking and financial services. As one of America's strongest financial institutions, the company was able to grow substantially during the 2008 global financial crisis, by agreeing to acquire both Countrywide Financial and Merrill Lynch & Co. The Merrill Lynch acquisition, scheduled for an early 2009 closing, will increase Bank of America’s financial advisor ranks to more than 20,000, making it the largest stock brokerage in the world in that regard, and will boost the total amount of client assets under management to $2.5 trillion. This acquisition also brings a 50% ownership in asset management firm BlackRock. In July 2008, Bank of America acquired Countrywide Financial, Corp., one of the largest mortgage lenders in the U.S., immediately providing Bank of America with a massive network of mortgage offices and millions of additional mortgage customers. On the banking side, the company operates through three business segments: global consumer and small business banking; global corporate and investment banking; and global wealth and investment management. The firm's global consumer and small business banking division maintains nearly 6,100 banking centers worldwide with more than 19,000 ATMs serving 59 million consumer and small business customers. Over 24 million customers are active in Bank of America’s online banking service. The global consumer and small business banking division offers a variety of services including checking and savings accounts, CDs, IRAs, debit cards, credit cards, mortgage and home equity products. The global corporate and investment banking division provides services in three areas: business lending; capital markets and advisory services; and treasury services. The global wealth and investment banking segment includes Premier Banking and Investments, which provides banking, credit, investment services to clients with less than $3 million in assets, The Private Bank for clients with greater than $3 million in assets; Columbia Management Group for intuitional customers. Bank of America’s credit card business is the result of the $35 billion acquisition of MBNA. The company offers its employees educational partnerships, performance-based compensation, health care and dependent care flexible spending accounts, as well as discounts on bank products and services, including home loans.
BRANDS/DIVISIONS/AFFILIATES: Barnett Banks, Inc. FleetBoston Merrill Lynch & Co. MBNA Corp. China Construction Bank Countrywide Financial Corp LaSalle Bank Corp U.S. Trust
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Kenneth D. Lewis, CEO Kenneth D. Lewis, Pres. Joe L. Price, CFO J. Steele Alphin, Chief Admin. Officer Walter J. Muller, Chief Investment Officer Amy Woods Brinkley, Chief Risk Officer Barbara J. Desoer, Pres., Mortgage, Home Equity & Insurance Svcs. Brian Moynihan, Pres., Global Corp. & Investment Banking Liam McGee, Pres., Consumer & Small Bus. Bank Kenneth D. Lewis, Chmn. Thomas White, CEO-Banc of America Securities (Global Markets)
Phone: 704-386-8486 Fax: 704-386-6699 Toll-Free: 800-432-1000 Address: 100 N. Tryon St., 18th Fl., Charlotte, NC 28255 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $124,321,000 2007 Profits: $14,982,000 U.S. Stock Ticker: BAC 2006 Sales: $117,017,000 2006 Profits: $21,133,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $83,980,000 2005 Profits: $16,465,000 Employees: 210,000 2004 Sales: $48,965,000 2004 Profits: $14,143,000 Fiscal Year Ends: 12/31 2003 Sales: $49,006,000 2003 Profits: $10,810,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $1,500,000 Second Exec. Salary: $800,000
Bonus: $4,250,000 Bonus: $4,000,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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BANK OF CHINA (BOC)
www.bank-of-china.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 30 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 21
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Commercial Banking Retail Banking Credit Card Services Investment Services International Investment
Bank of China (BOC), established in 1912, is one of China’s four state-owned and -controlled banks. The company operates through over 10,100 domestic branches, as well as 600 foreign offices in 27 countries. Significant members of the Bank of China group of companies include BOC Hong Kong, BOC International and BOCG Insurance. Bank of China’s primary business is traditional commercial banking, including corporate and retail banking; and banking with financial institutions. The bank’s credit products are primarily geared around the needs of corporate clients and provide them with individualized services, while the firm’s retail banking services provide services to individuals based around the firm’s Great Wall Card. The Great Wall Card is a universal card for credit, debit, and other banking services; and is fully compatible with the Visa and MasterCard networks. Financial institution banking serves other banks, securities firms and insurance companies in both domestic and international markets with services including funds transfer, clearing, inter-bank lending and custody. The company also maintains a subsidiary devoted to investment banking, Bank of China International, which maintains investment portfolios around the world. In September 2008, the company acquired a 20% stake in La Compagnie Financiere Edmond de Rothschild.
BRANDS/DIVISIONS/AFFILIATES: BOC Hong Kong BOC International BOCG Insurance Great Wall Card Singapore Aircraft Leasing Enterprise Pte., Ltd. La Compagnie Financiere Edmond de Rothschild
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Li Lihui, Pres. Yeung Jason Chi Wai, Corp. Sec. Ng Peng Khian, Chief Audit Officer Chim Wai Kin, Chief Credit Officer Li Zaohang, Exec. VP/Exec. Dir. Zhou Zaiqun, Exec. VP/Exec. Dir. Xiao Gang, Chmn.
Phone: 86-10-6659-6688 Fax: 86-10-6659-3777 Toll-Free: Address: 1 Fuxingmen Nei Dajie, Beijing, 100818 China
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $31,130,000 2007 Profits: $5,490,000 U.S. Stock Ticker: 2006 Sales: $23,100,000 2006 Profits: $341,000 Int’l Ticker: 3988 Int’l Exchange: Hong Kong-HKEX 2005 Sales: $22,840,800 2005 Profits: $ Employees: 209,265 2004 Sales: $18,006,900 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $15,022,000 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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BANK OF HAWAII CORP
www.boh.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 101 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 78
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Equipment Leasing & Loans Investment Services Insurance Trust Services Retirement Planning Cash Management
Bank of Hawaii Corp. (BOH) is the holding company for Bank of Hawaii, established in 1897, which is one of the largest banks in Hawaii. The company maintains only one other direct subsidiary: Bancorp Hawaii Capital Trust, Inc., a grantor trust organized for financing transactions. BOH is organized into four business segments: Retail banking, commercial banking, investment services group and treasury. The retail banking segment provides a range of financial services and products including checking and savings accounts, various types of loans, cash management tools, online banking, retirement plans, trust services, estate planning, mutual funds and investment services. It operates 71 Hawaii and Pacific Island branch locations, 411 ATMs, the e-Bankoh online service and a 24-hour telephone banking service. The company’s commercial banking segment offers corporate banking and commercial real estate loans, lease financing, auto dealer financing, deposit and cash management products and property and casualty insurance products. It also operates 12 branches in the Pacific Islands. The investment services segment offers private banking, trust services, asset management and institutional investment advice. It also offers brokerage services such as mutual funds, equities, life insurance and annuities. The treasury segment’s operations consist mainly of corporate asset and liability management activities, as well as providing corporate support to the other business segments. Besides its four business segments, Bank of Hawaii also maintains several operating subsidiaries. They include Bankoh Investment Services, Inc.; Pacific Century Life Insurance Corp.; Triad Insurance Agency, Inc.; Pacific Century Insurance Services, Inc.; Bankoh Investment Partners, LLC; and Bank of Hawaii International, Inc. These subsidiaries handle equipment leasing, securities brokerage and investment services, insurance and insurance agency services. In August 2007, BOH began offering Hawaii’s first wireless mobile banking services. In June 2008, the firm began offering free checking.
BRANDS/DIVISIONS/AFFILIATES: Bank of Hawaii Bancorp Hawaii Capital Trust, Inc. e-Bankoh Bankoh Investment Services, Inc. Pacific Century Life Insurance Corp. Triad Insurance Agency, Inc. Pacific Century Insurance Services, Inc. Bank of Hawaii International, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Allan R. Landon, CEO Peter S. Ho, Pres./Chief Banking Officer Kent T. Lucien, CFO/Vice Chmn. Susan L. Ing, Exec. VP-Mktg. Betty Eng, VP-Human Resources Derek A. Baughman, CIO/Sr. Exec. VP Mark A. Rossi, Chief Admin. Officer/Vice Chmn./Sec. Russell Lum, VP/Counsel Sharon M. Crofts, Sr. Exec. VP-Oper. Mary K. Townsley-Ross, VP-Corp. Comm. Brian T. Stewart, Controller/Exec. VP Mary E. Sellers, Vice Chmn./Chief Risk Officer Donna A. Tanoue, Vice Chmn. Shelley B. Thompson, Vice Chmn./Chief Fiduciary Officer Edward C. S. Kim, Exec. VP-Consumer Lending Department Allan R. Landon, Chmn. Anh (Betty) H. Brow, Exec. VP-Int'l Banking Div.
Phone: 808-537-8822 Fax: 808-538-4007 Toll-Free: 888-643-3888 Address: 130 Merchant St., Honolulu, HI 96813 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $842,362 2007 Profits: $183,703 U.S. Stock Ticker: BOH 2006 Sales: $788,848 2006 Profits: $180,359 Int’l Ticker: Int’l Exchange: 2005 Sales: $715,756 2005 Profits: $181,561 Employees: 2,538 2004 Sales: $660,902 2004 Profits: $173,339 Fiscal Year Ends: 12/31 2003 Sales: $641,200 2003 Profits: $135,200 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 27 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $750,001 Second Exec. Salary: $451,539
Bonus: $600,000 Bonus: $365,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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BANK OF IRELAND
www.bankofireland.ie
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 41 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 43
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages, Leasing & Corporate Lending General Insurance & Life Insurance Fund & Securities Management Treasury Services Personal & Corporate Trusts Financial Advising, Pension & Brokerage Services Travel Related Services
The Governor and Company of the Bank of Ireland (BOI) received its Royal Charter in 1783. It had over $339.5 billion in assets in 2007, 295 full-time branches and 1,144 ATMs. Its Irish business is conducted through the following subsidiaries. Bank of Ireland Mortgage Bank handles almost all the firm’s residential mortgages. ICS Building Society handles some mortgage services including deposit collection and loan origination. Bank of Ireland Private Banking serves high-income individuals and families. Bank of Ireland Finance provides installment credit and leasing facilities. Card Services handles the group’s credit card activities, providing MasterCard, VISA and American Express cards; and also operates through the U.K. Post Office network. First Rate Enterprises offers foreign exchange and traveler’s check services through travel-related businesses including hotels and tourist shops. 365 Online offers personal loans via the Internet and telephone, and operates a call center handling customer queries and processing transactions. Lastly, Bank of Ireland Life offers pensions and investment products. Internationally, the firm provides lending services via its corporate banking division through offices in the U.K., Paris, Frankfurt and the U.S. The global markets division manages the group’s liquidity and funding requirements through offices in the U.S. and U.K. Bank of Ireland Asset Management, Ltd. provides investment management services for institutions and pensions in Australia, Japan, Canada, the U.S. and the U.K. Iridian Asset Management provides investment management services to U.S. mainly to foundation, endowment and corporate clients. IBI Corporate Finance advises on mergers and acquisitions; disposals; and restructuring. Approximately 71% owned Guggenheim Advisors provides hedge fund investment services for U.S. institutional and high net worth clients. Finally, joint-venture Paul Capital Investments provides private equity investment and advisory services worldwide. In 2008, BOI opened offices in Sydney, Australia and in Chicago, Illinois. BOI employees enjoy flexible working schedules, educational assistance, free banking, sports and social clubs and, in some locations, fitness centers.
BRANDS/DIVISIONS/AFFILIATES: Bank of Ireland Mortgage Bank ICS Building Society Bank of Ireland Private Banking Bank of Ireland Finance Bank of Ireland Asset Management, Ltd. Iridian Asset Management IBI Corporate Finance Guggenheim Advisors
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Brian J. Goggin, CEO John O'Donovan, CFO Christine Brennan, Head-Human Resources Cyril Dunne, CIO/Dir.-Group Transformation Tony Wyatt, Dir.-Customer Oper. Dan Loughrey, Head-Corp. Comm. Geraldine Deighan, Head-Investor Rel. Ronan Murphy, Group Chief Risk Officer Des Crowley, CEO-U.K. Financial Svcs. Kevin Dolan, CEO-Asset Mgmt. Svcs. Richie Boucher, CEO-Retail Financial Svcs. Ireland Denis Donovan, CEO-Capital Mkts. Richard Burrows, Governor-Court of Directors
Phone: 353-1-661-5933 Fax: 353-1-661-5671 Toll-Free: Address: Lower Baggot St., Dublin, 2 Ireland
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $15,460,000 2007 Profits: $2,210,000 U.S. Stock Ticker: IRE 2006 Sales: $6,467,000 2006 Profits: $1,569,000 Int’l Ticker: BIR Int’l Exchange: Dublin-ISE 2005 Sales: $3,799,920 2005 Profits: $1,293,490 Employees: 16,190 2004 Sales: $3,566,390 2004 Profits: $1,152,070 Fiscal Year Ends: 3/31 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
Plunkett Research, Ltd.
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BANK OF MONTREAL (BMO)
www.bmo.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 38 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 41
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Investment Services Insurance Merger & Acquisition Advisory Services Trust Services Loans Mortgages IT Services
Bank of Montreal, which does business as BMO Financial Group (BMO), is one of the largest financial institutions in North America. With total assets of over $367 billion, it offers a range of personal, business and corporate banking and investment services. Operating across Canada and in the U.S. through BMO Bank of Montreal, BMO Nesbitt Burns, BMO InvestorLine, BMO Harris Private Banking, BMO Capital Markets and Chicago-based subsidiary, Harris Bank, the company deals in mortgages; loans; credit cards; personal and business investments; financing; cash management; online banking; corporate lending; treasury services; market risk management; and institutional investing. The company maintains roughly 1,200 BMO Bank of Montreal and Harris Bank branch locations. BMO Nesbitt Burns, also Harris Nesbitt in the U.S., one of North America’s leading investment and corporate banking firms, offers equity and debt underwriting, capital raising, corporate lending and project financing. Subsidiary Harris Bankcorp manages branch locations in Chicago, Arizona and Florida as well Harris Investment Management, an institutional investment advisory firm. BMO also operates BMO InvestorLine, a Canadian online broker that offers a wide range of investments and investment accounts including U.S. and Canadian stocks and bonds; mutual funds; cash or margin accounts; corporate accounts; and retirement savings and income accounts. Technology and Solutions, the financial information and systems division of the company, provides information technology planning, strategy, development services, transaction processing and real estate services. Recent acquisitions include Griffin, Kubik, Stephens & Thompson Inc. of Chicago, Illinois; Merchants and Manufacturers Bancorporation, Inc. of Milwaukee, Wisconsin; and Ozaukee Bank of Milwaukee, Wisconsin. The company offers an employee assistance plan which includes counseling, eldercare and childcare services, continuing education, financial management and consultation services.
BRANDS/DIVISIONS/AFFILIATES: Harris Bankcorp Inc BMO Nesbitt Burns BMO Bank of Montreal BMO InvestorLine BMO Capital Markets Ozaukee Bank Merchants and Manufacturers Bancorporation, Inc. Griffin, Kubik, Stephens & Thompson Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William Downe, CEO William Downe, Pres. Karen E. Maidment, CFO Rose M. Patten, Sr. Exec. VP-Human Resources Barry K. Gilmore, Group Head-Tech. Karen E. Madiment, Chief Admin. Officer Barry K. Gilmore, Group Head-Oper. Thomas E. Flynn, Exec. VP-Finance/Treas. Ellen M. Costello, CEO-Harris Bankcorp, Inc. L. Jacques Menard, Chmn.-BMO Nesbitt Burns Gilles G. Ouellette, CEO/Pres., Private Client Group Frank Techar, CEO/Pres., Personal & Commercial Banking Canada David A. Galloway, Chmn.
Phone: 416-867-7191 Fax: 416-867-6793 Toll-Free: Address: 1 First Canadian Pl., 100 King St. W., Toronto, ON M5X 1A1 Canada
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $21,410,000 2007 Profits: $2,240,000 U.S. Stock Ticker: BMO 2006 Sales: $16,197,900 2006 Profits: $2,325,300 Int’l Ticker: BMO Int’l Exchange: Toronto-TSX 2005 Sales: $12,935,100 2005 Profits: $1,934,800 Employees: 34,942 2004 Sales: $10,833,000 2004 Profits: $1,928,000 Fiscal Year Ends: 10/31 2003 Sales: $9,959,000 2003 Profits: $1,384,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 10 Hot Spot for Advancement for Women/Minorities: Y
Y Y
Profit Sharing:
Top Exec. Salary: $1,000,000 Second Exec. Salary: $493,867
Bonus: $2,000,000 Bonus: $950,000
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
Plunkett Research, Ltd.
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BANK OF NEW YORK MELLON CORP Industry Group Code: 522110 Ranks within this company's industry group: Sales: 46 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
www.bnymellon.com Profits: 42
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Asset Management & Securities Services Investment & Wealth Management Private Banking Shareowner Services Broker-Dealer Services Issuer Services Treasury Services
The Bank of New York Mellon Corp. (BNYM) is a newly formed financial services company resulting from the 2007 merger of Bank of New York Co., Inc. and Mellon Financial Corp. The firm provides asset management and securities services for institutions and corporations in 37 countries, reaching more than 100 markets. In addition, BNYM offers financial solutions for individuals, including investment and wealth management; private banking; and shareowner services. The company works with consultants and advisors to help them select the services that best meet their customers’ needs. Through Pershing, LLC, the firm offers broker-dealer services. Pershing is a provider of clearing, execution and financial business solutions to more than 1,150 institutional and retail financial organizations and independent registered investment advisors. BNYM’s issuer services offerings include global corporate trust services, depositary receipt services and shareowner services. The company also offers treasury services and is a market maker in over 100 currencies. BNY Overlay Associates, a Londonbased currency management firm, provides investment advisory to institutional investors. BNYM has more than $1 trillion in assets under management and $20 trillion in assets under administration or custody. Customers include corporations, foundations, governments, unions, endowments, mutual funds and high net worth individuals. In 2007, BNYM purchased ABN AMRO Mellon Global Securities Services B.V., a joint venture it previously shared with ABN AMRO. Now BNY Mellon Asset Servicing B.V., it operates as a part of the BNYM’s asset servicing division. In 2008, BNY Mellon Shareowner Services launched an integrated asset servicing and management solution for Special Purpose Acquisition Companies (SPACs) that will include services such as transfer, warrant, escrow and trust account agent; cash management; proxy solicitation; and corporate actions processing. BNYM offers employees comprehensive medical insurance; flexible spending accounts; life and AD&D insurance; travel, accident and disability insurance; and employee and tuition assistance.
BRANDS/DIVISIONS/AFFILIATES: Bank of New York Co., Inc. (The) Mellon Financial Corp. BNY Overlay Associates Pershing, LLC BNY Mellon Asset Servicing B.V. BNY Mellon Shareowner Services
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert P. Kelly, CEO Gerald L. Hassell, Pres. Bruce W. Van Saun, CFO Lisa B. Peters, Chief Human Resources Officer Kurt D. Woetzel, CIO Carl Krasik, General Counsel Torry Berntsen, Chief Client Mgmt. Officer Richard Brueckner, CEO-Pershing, LLC Thomas P. Gibbons, Chief Risk Officer Karen B. Peetz, CEO-Bank of New York Corp. Trust (The) Robert P. Kelly, Exec. Chmn.
Phone: 212-495-1784 Fax: 212-495-2546 Toll-Free: Address: 1 Wall St., New York, NY 10286 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $11,331,000 2007 Profits: $2,219,000 U.S. Stock Ticker: BK 2006 Sales: $6,838,000 2006 Profits: $2,847,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $6,055,000 2005 Profits: $1,571,000 Employees: 25,200 2004 Sales: $5,534,000 2004 Profits: $1,440,000 Fiscal Year Ends: 12/31 2003 Sales: $6,361,000 2003 Profits: $1,157,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y Y Y
Profit Sharing:
Top Exec. Salary: $1,000,000 Second Exec. Salary: $975,000
Bonus: $7,500,000 Bonus: $7,500,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
Plunkett Research, Ltd.
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BANK OF NOVA SCOTIA (SCOTIABANK) Industry Group Code: 522110 Ranks within this company's industry group: Sales: 32 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
www.scotiabank.com
Profits: 27
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Trust Services Credit Cards Mortgage Financing Consumer Loans Brokerage Services Investment Services Insurance
The Bank of Nova Scotia (Scotiabank) offers banking and investment services to individuals, small and medium-sized businesses, corporations and governments worldwide. The company operates through three primary lines of business: domestic banking, international banking and Scotia Capital Inc. Scotiabank’s domestic banking segment (within Canada) provides a variety of banking and investment services to its over seven million retail, wealth management, small business and commercial customers. Some services available are retail brokerage services, mutual funds and private client services, including personal trust, money management and private banking via the company’s over 1,000 branches, 2,850 automated banking machines, three call centers, 99 wealth management branches, four dealer finance centers and six commercial business support centers. The international banking segment includes the retail and commercial operations that are located in over 40 countries with focus on the Caribbean, Central America, Mexico, Latin America and Asia. Through the firm’s subsidiaries and affiliates, Scotiabank offers its over five million customers a broad range of services. Scotia Capital, Inc. handles the firm’s corporate, institutional and government clients worldwide, offering specialized and syndicated lending, acquisitions and mergers services, debt and equity underwriting and foreign exchange, as well as fixed income and institutional equities sales and trading. In June 2008, the company acquired a 47.5% stake in Profuturo, a Peruvian pension fund. In September 2008, the firm acquired E*Trade Canada, an online brokerage website. In October 2008, the firm agreed to acquire Sun Life Financial’s stake in CI Financial Income Fund. Upon the completion of this transaction, Scotiabank will own 37.6% of CI Financial. Scotiabank offers employees job sharing, telecommuting, leaves of absence, financial services benefits, such as bestcustomer-rate loans. The company also supports ongoing professional training. The Women’s Executive Network listed four of Scotiabank’s female executives among the Top 100 Powerful Women in Canada.
BRANDS/DIVISIONS/AFFILIATES: Scotiabank Scotia Capital, Inc. Scotia Online Financial Services Global Transaction Banking Interac Corporacion Interfin Banco Inferfin E*Trade
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Rick Waugh, CEO Rick Waugh, Pres. Luc A. Vanneste, CFO/Exec. VP Sylvia D. Chrominska, Exec. VP-Human Resources Kim B. McKenzie, Exec. VP-Info. Tech. & Solutions Sarabjit (Sabi) S. Marwah, Chief Admin. Officer Deborah M. Alexander, General Counsel/Exec. VP/Corp. Sec. Sylvia D. Chrominska, Exec. VP-Public, Corp. & Gov't Affairs Jeffrey C. Heath, Exec. VP/Group Treas. Mike Durland, Co-Chmn./Co-CEO-Scotia Capital Stephen D. McDonald, Co-Chmn./Co-CEO-Scotia Capital Anatol von Hahn, Exec. VP-Latin America Alberta G. Cefis, Exec. VP/Group Head-Global Transaction Banking Robert H. Pitfield, Exec. VP-Int'l Banking
Phone: 416-866-6161 Fax: 416-866-3750 Toll-Free: 800-472-6842 Address: Scotia Plaza 44 King St. W., 8th Fl., Toronto, ON M5H 1H1 Canada
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $28,020,000 2007 Profits: $4,250,000 U.S. Stock Ticker: BNS 2006 Sales: $20,060,700 2006 Profits: $3,173,000 Int’l Ticker: BNS Int’l Exchange: Toronto-TSX 2005 Sales: $15,584,000 2005 Profits: $2,773,900 Employees: 54,908 2004 Sales: $13,531,000 2004 Profits: $2,404,000 Fiscal Year Ends: 10/31 2003 Sales: $13,123,538 2003 Profits: $2,088,544 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 11 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
Plunkett Research, Ltd.
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BANK OF THE WEST INC
www.bankofthewest.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 70 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Commercial Banking & Business Loans Consumer Loans Equipment Leasing & Finance Agribusiness Banking Private Banking & Wealth Management Marine & RV Brokerage & Refinancing Religious Institution Lending
Bank of the West, Inc. (BoW), a wholly-owned subsidiary of BancWest Corporation, itself a subsidiary of BNP Paribas, operates approximately 700 banking locations and 759 ATMs in Arizona, California, Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Utah, Washington, Wisconsin and Wyoming. The company is a full service regional financial services company that manages $63 billion in assets. It is organized into two distinct units: the retail and business banking group and the commercial banking group. The retail and business banking group operates the company’s network of branches and banking centers that provide full retail and small-business deposit, loan, insurance and investment services, as well as private banking and wealth management services. This unit also operates Pacific Rim Banking centers, which are multilingual in Chinese, Japanese and Korean and serve mainly AsianAmerican customers in California. Subsidiary Essex Credit Corporation focuses on brokerage and refinancing of large marine and RV credits nationwide. The commercial banking group provides commercial banking services to middlemarket and larger companies, including specialties in agribusiness, commercial real estate, international trade, SBA lending, health care and municipal banking, equipment leasing through Trinity Capital and loans to religious institutions. In January 2007, the BW Insurance Agency subsidiary of BoW completed the acquisition of two fullservice insurance agencies: Contractor’s Insurance Services, Inc. and Nabity-Perry Insurance, Inc. In January 2007, the company expanded its Agribusiness Banking Division into a unique national niche market. Throughout 2007 the company added over 22 new offices in Oregon, Washington, Idaho, New York, California, Arizona and Taiwan. BoW offers its employees benefits including tuition reimbursement, flexible spending accounts and incentive and bonus programs for select positions.
BRANDS/DIVISIONS/AFFILIATES: BancWest Corporation BNP Paribas Pacific Rim Banking Essex Credit Corporation Trinity Capital Agribusiness Banking Nabity-Perry Insurance, Inc. Contractor’s Insurance Services, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. J. Michael Shepherd, CEO J. Michael Shepherd, Pres. John B. Wojcik, CFO/Exec. VP Sarah Thornton, Exec. VP/Dir.-Mktg. Michael Bracco, Exec. VP/Dir.-Human Resources Donald Duggan, CTO/Sr. Exec. VP Paul Woolway, Chief Admin. Officer/Sr. Exec. VP Vanessa Washington, General Counsel/Sr. Exec. VP/Corp. Sec. Donald Duggan, Sr. Exec. VP-Oper. & Systems Thibault Fulconis, Vice Chmn.-Finance Don J. McGrath, CEO/Pres., BancWest Corp. Andy Harmening, Sr. Exec. VP-Regional Banking Group Gerard A. Denot, Vice Chmn.-Commercial Banking William Even, Sr. Exec. VP/Chief Credit Officer Don J. McGrath, Chmn.
Phone: 925-942-8300 Fax: 925-943-1224 Toll-Free: 800-488-2265 Address: 180 Montgomery St., San Francisco, CA 94104 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $3,782,200 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $3,520,900 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 7,336 2004 Sales: $1,692,300 2004 Profits: $416,900 Fiscal Year Ends: 12/31 2003 Sales: $1,545,300 2003 Profits: $390,900 Parent Company: BANCWEST CORPORATION
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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BANKRATE INC
www.bankrate.com
Industry Group Code: 514100 Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Portal-Financial Services Financial Information Banking Information
Bankrate, Inc. is an Internet-based consumer banking and personal finance network. Its flagship website, bankrate.com, is a leading aggregator of information on over 300 financial products and fees, including mortgages; credit cards; automobile loans; money market accounts; certificates of deposit; checking and ATM fees; home equity loans; and online banking fees. Bankrate additionally provides financial applications and information to a network of online distribution partners and national, regional and local publications. The firm’s online network includes Bankrate.com, Interest.com, Insureme.com, Nationwidecardsrevices.com, Savingforcollege.com, Mortgage-calc.com, Bankrateselect.com, Feedisclosure.com, creditcardseachengine.com and Bankrate.com.cn (China). It regularly surveys over 4,800 financial institutions in over 575 markets in all 50 states. The company operates through two business segments: online publishing; and print publishing and licensing. The online publishing segment generally includes the online operations of its online network, which provide articles on various financial topics. Bankrate’s print publishing and licensing segment includes its traditional print publications and syndicated editorial content in over 150 newspapers and three national magazines. Its Mortgage and Deposit Guides are weekly newspaper-advertising tables that appear in roughly 500 U.S. metropolitan newspapers and consist of product and rate information from local mortgage companies and financial institutions. In December 2007, Bankrate acquired Nationwide Card Services, an Internet provider of consumer and business credit cards, for $26.4 million and Savingforcollege.com LLC, a provider of information about 529 college savings plans, for $2.25 million. In February 2008, the firm acquired InsureMe, Inc., an Internet provider of insurance rates, for $65 million and Lower Fees, Inc, a provider of information on mortgage transaction and closing fees, for $2.85 million. In September 2008, the company acquired LinkSpectrum, Co., owner of CreditCardGuide.com, for approximately $34 million. Also in September 2008, Bankrate acquired Bankaholic, a website owned by Blackshore Properties, Inc. providing rate information on savings products, for approximately $12.4 million.
BRANDS/DIVISIONS/AFFILIATES: Bankrate.com Interest.com Insureme.com Nationwidecardsrevices.com Savingforcollege.com Mortgage-calc.com Bankrateselect.com Feedisclosure.com
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Thomas R. Evans, CEO Thomas R. Evans, Pres. Edward J. DiMaria, CFO/Sr. VP Michael J. Ricciardelli, Sr. VP-Consumer Mktg. Daniel P. Hoogterp, CTO/Sr. VP Steven L. Horowitz, Sr. VP-Prod. Dev. Steven L. Horowitz, Sr. VP-Bus. Dev. Dana Berger, VP-Online Sales Bruce J. Zanca, Chief Comm. & Mktg. Officer/Sr. VP Robert J. DeFranco, Sr. VP-Finance Donaldson M. (Don) Ross, Sr. VP/Chief Revenue Officer Lynn E. Varsell, Sr. VP/Publisher Peter C. Morse, Chmn.
Phone: 561-630-2400 Fax: 561-625-4540 Toll-Free: Address: 11760 U.S. Hwy. 1, Ste. 200, North Palm Beach, FL 33408 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $95,592 2007 Profits: $20,054 U.S. Stock Ticker: RATE 2006 Sales: $79,650 2006 Profits: $10,004 Int’l Ticker: Int’l Exchange: 2005 Sales: $49,049 2005 Profits: $9,674 Employees: 277 2004 Sales: $39,204 2004 Profits: $13,356 Fiscal Year Ends: 12/31 2003 Sales: $36,621 2003 Profits: $12,105 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $425,000 Second Exec. Salary: $251,000
Bonus: $243,041 Bonus: $202,534
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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BANKUNITED FINANCIAL CORP
www.bankunitedfla.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 97 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 106
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Commercial and Consumer Loans Commercial Real Estate Loans Land Loans
BankUnited Financial Corporation is the savings and loan holding company for BankUnited, a community-oriented bank with 86 full-service branch banking offices and nine wholesale mortgage offices. With assets totaling $14.5 billion, it is one of the largest banks headquartered in Florida. The company’s business has traditionally consisted of attracting deposits from the general public and using those deposits, together with borrowings and other funds, to purchase and originate single-family residential mortgage loans and, to a lesser extent, purchase and originates commercial real estate, commercial business and consumer loans. One- to four-family residential mortgages account for approximately 80% of the company’s loan portfolio. The firm also offers payment option ARM loans to individuals, representing 58% of its total loan portfolio. In addition, BankUnited provides equity lines of credit; automobile, boat and collateral loans; commercial real estate loans; multifamily loans; real estate construction loans; land loans to individuals; and commercial business loans. The firm maintains an extensive wholesale network for originating loans through mortgage broker relationships, as well as channels for conducting business through ATMs, online banking, and telephone banking. In September 2008, BankUnited announced it would cut its workforce by 12% (160 persons). The majority of the reductions would come from the Bank’s residential lending and support divisions.
BRANDS/DIVISIONS/AFFILIATES: BankUnited, FSB
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Alfred R. Camner, CEO Ramiro A. Ortiz, COO Ramiro A. Ortiz, Pres. Humberto L. Lopez, CFO/Sr. Exec. VP Roberta R. Kressel, Exec. VP-Human Resources James R. Foster, Sr. Exec. VP-Corp. Finance Div. Douglas B. Sawyer, Exec. VP-Bank Services Felix M. Garcia, Chief Risk Officer/Exec. VP Carlos R. Fernandez-Guzman, Sr. Exec. VP-Neighborhood Banking Group Alfred R. Camner, Chmn.
Phone: 305-569-2000 Fax: 305-569-2057 Toll-Free: 877-779-2265 Address: 255 Alhambra Cir., Coral Gables, FL 33134 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,002,934 2007 Profits: $81,379 U.S. Stock Ticker: BKUNA 2006 Sales: $755,489 2006 Profits: $83,875 Int’l Ticker: Int’l Exchange: 2005 Sales: $457,784 2005 Profits: $27,537 Employees: 1,504 2004 Sales: $356,778 2004 Profits: $50,722 Fiscal Year Ends: 9/30 2003 Sales: $342,800 2003 Profits: $39,100 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $554,937 Second Exec. Salary: $450,000
Bonus: $500,000 Bonus: $2,500,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
Plunkett Research, Ltd.
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BARCLAYS BANK DELAWARE
www.barclaycardus.com
Industry Group Code: 522210 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Credit Cards
Barclays Bank Delaware, a subsidiary of Barclays plc, formerly known as Juniper Bank, is a leading U.S. credit card issuer. Juniper Bank was acquired by Barclays Bank, for $293 million, and was then known to the firm as Barclays US Credit Card Operations. The bank, which also does business as Barclaycard US, has approximately 1 million accounts. The company provides Visa and MasterCard accounts, primarily through partnerships, thus providing specialized private-label cards. It has more than 60 existing card partnerships with some of the most successful travel, entertainment, automotive, educational and financial institutions in the U.S. including US Airways, AirTran Airways, Frontier Airlines, Midwest Airlines, Carnival Cruise Lines, TiVo, Gulf Oil, Harvard Alumni Association, and UBS, among others. Each card offers rewards to spenders in the industries associated with the cards. The firm also offers mortgages and car loans, as well as a variety of insurance programs through partnerships with other companies. In 2008, the company opened a new customer care center in Wilton, Maine.
BRANDS/DIVISIONS/AFFILIATES: Barclays plc Barclays US Credit Card Operations Barclaycard US
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Lloyd M. Wirshba, CEO Joe Purzycki, COO Barney C. Briggs, CFO Charles Moore, Managing Dir.-Mktg. & Segment Mgmt. Kathleen Kreusch Cobb, Managing Dir.-Human Resources & Facilities Philip W. Steitz, CIO Erik Toivonen, Managing Dir.-Tech. & Market Oper. Charles Moore, New Prod. Dev. & Bus. Mkts. Clint Walker, General Counsel/Managing Dir. Tom Karinshak, Managing Dir.-Customer Care & Bank Oper. Kevin Sullivan, Managing Dir.-Comm. Steve Carp, Managing Dir.-Finance Sabrina Basht, Managing Dir.-Strategic Alliances Megan Basilio, Managing Dir.-Customer Lifecycle Mktg. Colin Graham, Chief of Staff Kevin Murphy, Managing Dir.-Collections Antony Jenkins, Chmn.
Phone: 302-622-8990 Fax: Toll-Free: Address: 100 S. West St., Wilmington, DE 19801 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 1,200 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company: BARCLAYS PLC
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
Plunkett Research, Ltd.
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BARCLAYS PLC
www.barclays.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 10 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 10
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages & Consumer Loans Asset & Investment Management Services Credit Cards Business Finance & Risk Management Services
Barclays plc is a U.K.-based financial services group engaged primarily in banking, investment banking and investment management. The company operates more than 1,800 branches in the U.K. and an additional 1,789 branches internationally. The company divides its business in two segments: global retail and commercial banking, and investment banking and investment management. The global retail and commercial banking segment consists of several business units, including U.K. banking, Barclaycard and international retail and commercial banking. The U.K. banking business unit operates U.K. retail banking and Barclays commercial bank. Barclays also operates one of the U.K.’s largest online banks, with nearly 4 million users. The firm provides mortgage-lending services through its Woolwich subsidiary. The company’s Barclaycard subsidiary is one of the leading credit card businesses in Europe. It operates the firm’s U.K. card lending products and also has operations in seven European countries and across Africa. The international retail and commercial banking business unit provides a range of international services including current accounts, savings, investments, mortgages and loans to personal and corporate customers. The investment banking and investment management segment comprises Barclays Capital, Barclays Global Investors and Barclays Wealth. Barclays Capital is a leading global investment bank. Barclays Global Investors is one of the world’s largest asset managers and a leading provider of investment management products and services. It provides structured investment strategies including indexing, tactical asset allocation and risk-controlled active products. Barclays Capital is the company’s investment banking division, providing financing and risk management services in the interest rate, foreign exchange, commodities and credit markets. In July 2008, Barclays acquired Expobank, a Russian retail and commercial bank. In September 2008, Barclays agreed to acquire PT Bank Akita, a privately-owned bank in Indonesia with assets totaling approximately $88.3 million. That same month, the company agreed to pay $1.75 billion for Lehman Brothers' U.S. broker-dealer unit.
BRANDS/DIVISIONS/AFFILIATES: Woolwich Barclaycard Barclay Global Investors NA Barclay Capital Juniper Financial Corporation Barclays Bank Delaware Absa Group Limited Barclays Art Council
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John S. Varley, CEO Paul Idzik, COO Robert E. Diamond Jr., Pres. Chris Lucas, Dir.-Group Finance Frits Seegers, CEO-Global Retail & Commercial Banking Robert E. Diamond Jr., CEO-Investment Banking & Investment Mgmt. Marcus Agius, Chmn.
Phone: 44-20-7116-1000 Fax: 44-20-7116-7665 Toll-Free: Address: 1 Churchill Pl., London, E14 5HP UK
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $79,700,000 2007 Profits: $8,760,000 U.S. Stock Ticker: BCS 2006 Sales: $62,892,987 2006 Profits: $8,459,394 Int’l Ticker: BARC Int’l Exchange: London-LSE 2005 Sales: $47,941,488 2005 Profits: $5,045,386 Employees: 134,900 2004 Sales: $40,016,000 2004 Profits: $6,265,000 Fiscal Year Ends: 12/31 2003 Sales: $33,554,960 2003 Profits: $3,094,590 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $1,955,910 Second Exec. Salary: $1,333,575
Bonus: $2,933,865 Bonus: $2,334,645
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
Plunkett Research, Ltd.
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BB&T CORP
www.bbt.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 49 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 45
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Consumer Loans Commercial Loans Investment Services Securities Lending Insurance Leasing
BB&T Corp. is a financial holding company that conducts its business through a number of subsidiaries. The firm offers consumer bank accounts, loans, trusts, commercial loans, leasing, premium financing, insurance, securities lending, investment services and financial planning through its various subsidiaries and is one of the largest originators of real estate loans in the Carolinas. The firm organizes its subsidiaries as a group of community banks with respective regional presidents, allowing for localized decision-making. BB&T has $136.5 billion in assets, and its banking subsidiaries operate approximately 1,500 branch offices mainly in the Southeastern U.S. Since 1989, the firm has acquired 60 community banks and thrifts; more than 85 insurance agencies; and 35 non-bank financial services companies. BB&T Insurance Services, Inc. is one of the eight largest insurance brokerages in the U.S., with approximately $840 million in brokerage revenue. Branch Banking and Trust Company, Inc. (Branch Banking), one of North Carolina's oldest banks, is the company’s largest subsidiary, writing real estate, consumer and commercial loans mainly funded by savings accounts, CDs and IRAs. Other units provide full-service brokerage, used car loans, insurance and lease financing and management. In January 2008, BB&T subsidiary, AmRisc LP agreed to purchase Reinsurance broker Savannah Reinsurance Underwriting Management LLC. In February 2008, BB&T Insurance Services agreed to acquire Burkey Risk Services in Orlando. In April 2008, BB&T Insurance Services reached an agreement to acquire UnionBanc Insurance Services, Inc. In July 2008, the firm announced plans to acquire Puckett, Scheetz & Hogan, a coastal property insurance specialist. In September 2008, subsidiary CRC Insurance Services Inc. purchased Southern Risk Operations LLC, an insurance broker that specializes in finding coverage for a broad range of risks. BB&T offers employees flexible spending accounts; accidental death, dismemberment and disability coverage; term life insurance; and vision, dental and medical care assistance.
BRANDS/DIVISIONS/AFFILIATES: BB&T Insurance Services, Inc. Branch Banking and Trust Company, Inc. Main Street Banks Inc. First Citizens Bancorp Coastal Financial Corporation AFCO Credit Corporation CAFO, Inc. Collateral Real Estate Capital LLC
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John A. Allison, IV, CEO Kelly S. King, COO Christopher L. Henson, CFO/Sr. Exec. VP Steven B. Wiggs, Chief Mktg. Officer/Sr. Exec. VP Robert E. Greene, Sr. Exec. VP/Manager-Admin. Svcs. Leon Wilson, Sr. Exec. VP/Manager-Oper. Div. Clarke R. Starnes III, Chief Credit Officer/Sr. Exec. VP Donna Goodrich, Sr. Exec. VP/Manager-Deposit Svcs. Ricky K. Brown, Sr. Exec. VP/Manager-Banking Network Barbara F. Duck, Sr. VP/Manager-Electronic Delivery Systems Robert E. Greene, Pres., Branch Banking & Trust Company, Inc. John A. Allison, Chmn.
Phone: 336-733-2000 Fax: 336-733-3132 Toll-Free: 800-226-5228 Address: 200 W. 2nd St., Winston-Salem, NC 27101 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $10,671,000 2007 Profits: $1,734,000 U.S. Stock Ticker: BBT 2006 Sales: $9,487,000 2006 Profits: $1,528,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $7,831,500 2005 Profits: $1,653,800 Employees: 29,400 2004 Sales: $6,666,000 2004 Profits: $1,558,400 Fiscal Year Ends: 12/31 2003 Sales: $6,243,927 2003 Profits: $1,064,903 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $927,000 Second Exec. Salary: $618,000
Bonus: $2,969,550 Bonus: $1,462,092
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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BBVA (BANCO BILBAO VIZCAYA ARGENTARIA) Industry Group Code: 522110 Ranks within this company's industry group: Sales: 17 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
www.bbva.com
Profits: 9
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Asset Management Investment Banking Insurance Mutual & Pension Fund Management Online Banking Consumer Financing
BBVA (Banco Bilbao Vizcaya Argentaria), with total assets of approximately $677.7 billion, is a highly diversified international financial group offering retail banking, asset management, private banking and wholesale banking services. The company has 35 million customers in 32 countries and nearly 7,500 branches. Its operations are divided into five business segments: Retail banking in Spain and Portugal; wholesale businesses; Mexico and the U.S.; South America; and corporate activities. The retail banking in Spain and Portugal segment banking services and consumer finance for residential and small businesses, including mutual and pension fund management; insurance; the e-banking business of Finanzia/Uno-e group; consumer financing; and card product distribution. The wholesale businesses segment offers banking activities to large companies and institutions, including its trading businesses located in Spain, Europe and New York; equity distribution and origination; security deposit; custody service; and real estate. The Mexico and U.S. segment, operating through BBVA Bancomer and other subsidiaries, offers retail banking; consumer and mortgage lending; investment funds; insurance; and pension plans. The South America segment has operations in eight South American countries, offering banking, insurance and pension plans. The corporate activities segment includes holdings in large industrial corporations and the company’s assets and liabilities committee. In 2008 the company rebranded its U.S. franchises, consolidating all 650 banks under the BBVA Compass brand name.
BRANDS/DIVISIONS/AFFILIATES: Finanzia/Uno-e BBVA Bancomer Texas Regional Bancshares Maggiore Fleet S.p.A. Compass Bancshares, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Francisco Gonzalez Rodriguez, CEO Jose Ignacio Goirigolzarri Tellaeche, COO Jose Ignacio Goirigolzarri Tellaeche, Pres. Manuel Gonzalez Cid, CFO Angel Cano Fernandez, Head-Human Resources Angel Cano Fernandez, Head-IT Eduardo Arbizu Lostao, Head-Legal, Compliance, Tax & Audit Angel Cano Fernandez, Head-Global Oper. Javier Ayuso Canals, Head-Corp. Comm. Isabel Goiri, Head-Investor Rel. Jose Maldonado Ramos, Gen. Sec. Vicente Rodero Rodero, Head-South America Ignatio Deschamps Gonzalez, Head-Mexico Jose Sevilla Alvarez, Head-Risk Francisco Gonzalez Rodriguez, Chmn. Jose Maria Garcia Meyer-Dohner, Head-USA
Phone: 34-944-875-555 Fax: 34-944-876-161 Toll-Free: Address: Plaza San Nicolas 4, Bilbao, 48005 Spain
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $54,340,000 2007 Profits: $8,940,000 U.S. Stock Ticker: BBV 2006 Sales: $40,078,483 2006 Profits: $6,564,125 Int’l Ticker: BBVA Int’l Exchange: Madrid-MCE 2005 Sales: $27,381,100 2005 Profits: $2,389,800 Employees: 111,913 2004 Sales: $24,365,500 2004 Profits: $4,193,000 Fiscal Year Ends: 12/31 2003 Sales: $23,874,400 2003 Profits: $2,799,400 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $2,102,332 Second Exec. Salary: $1,555,284
Bonus: $3,498,113 Bonus: $2,936,883
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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BFC FINANCIAL CORPORATION
www.bfcfinancial.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 98 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 140
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Commercial Banking Brokerage Online Banking Mortgages Real Estate Development & Homebuilding Resort Development & Travel Services Restaurants
BFC Financial Corporation is a holding company whose ownership interests include direct and indirect interests in businesses in a variety of sectors, including consumer and commercial banking, master-planned community development, time-share and vacation ownership, Asianthemed restaurant chains and various real estate and venture capital investments. The company’s principal holdings consist of direct controlling interests in BankAtlantic Bancorp, Inc. and Levitt Corporation, and its primary activities currently relate to these investments. BankAtlantic is one of the largest financial institutions in Florida, with 90 branches located primarily in Miami-Dade, Broward, Palm Beach and Hillsborough Counties. BankAtlantic provides a full line of products and services encompassing retail and business banking. Such offerings including, deposit products, bank investments and lending for businesses, automobiles and mortgages. Levitt has historically been a real estate development company with activities in the Southeastern U.S. The firm operates its real estate ventures primarily through Levitt and Sons, LLC and Core Communities, LLC. Levitt focuses on the development of single-family home and master-planned communities, specifically for adults age 55 and older, but also develops commercial and industrial properties and multi-family complexes through Levitt Commercial, LLC. The company also owns Benihana, Inc., which operates Asian-themed restaurant chains in the U.S as well as Cypress Creek Capital, Inc., its wholly owned subsidiary that invests in existing commercial income producing properties. In August 2008, the company increased its stake in BankAtlantic Bankcorp by 2,000,000 shares.
BRANDS/DIVISIONS/AFFILIATES: BankAtlantic Bancorp, Inc. Levitt Corporation Bluegreen Corporation Benihana, Inc. Levitt & Sons, LLC Core Communities, LLC Levitt Commercial, LLC Ryan Beck & Co.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Alan B. Levan, CEO John Grelle, CFO Sharon Lyn, VP-Investor & Corp. Comm. Leo Hinkley, Sr. VP-Investor Rel. Phil J. Bakes, Exec. VP/Managing Director George P. Scanlon, Alan B. Levan, Chmn.
Phone: 954-760-4900 Fax: Toll-Free: Address: 2100 W. Cypress Creek Rd., Ft. Lauderdale, FL 33309 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $953,857 2007 Profits: $-30,459 U.S. Stock Ticker: BFF 2006 Sales: $1,092,799 2006 Profits: $-2,221 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,023,490 2005 Profits: $12,774 Employees: 48 2004 Sales: $923,224 2004 Profits: $14,230 Fiscal Year Ends: 12/31 2003 Sales: $831,669 2003 Profits: $7,022 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $676,345 Second Exec. Salary: $590,480
Bonus: $809,278 Bonus: $594,880
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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BNP PARIBAS
www.bnpparibas.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 2 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 6
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Corporate & Investment Banking Asset Management & Services Mortgage Financing
BNP Paribas is a diversified financial services firm with operations. Headquartered in France, the company operates one of the largest retail banking operations in Europe. The firm operates in three core segments: retail banking; corporate and investment banking; and asset management and services. The retail banking business division consists of the French retail banking segment; the international retail banking segment; and BNL Banca Commerciale. The French retail banking consists of 2,200 branches and 4,900 ATMs. The division is made up of the BNP Paribas domestic network, Banque de Bretagne, BNP Paribas Factor, BNP Paribas Developpement and Protection 24. The international retail banking and financial services division has operations in over 60 countries and is composed of five business lines: retail banking in the U.S.; retail banking in emerging markets; consumer finance; mortgage financing; and equipment solutions. BNL Banca Commerciale provides commercial banking services in Italy. The corporate and investment banking business segment offers advisory and financial institutions (corporate finance, equities and fixed income) and specialized financing (structured finance, export, commodities and project finance). The asset management and services business segment provides fund management and discretionary asset management services. The division offers services in three main areas: wealth and asset management, consisting of asset management, online brokerage, personal investment services, private banking and real estate services; insurance, through BNP Paribas Assurance; and securities services, for corporate clients, fund managers and financial institutions worldwide. In August 2007, subsidiary Cetelem acquired JetFinance International, a Bulgarian consumer credit company. In April 2008, BNP Paribas Investment Partners, a subsidiary of BNP Paribas, acquired IMS Group. In October 2008, the company agreed to acquire a 75% stake in Fortis S.A. N.V. That same month, BNP Paribas acquired Bank of America’s equity prime brokerage business.
BRANDS/DIVISIONS/AFFILIATES: Bancwest Corporation Cortal Consors SA Cardif Pinnacle IMS Group Banque de Bretagne BNP Paribas Factor BNL Banca Commerciale Fortis SA NV
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Baudouin Prot, CEO Georges C. de Courcel, COO Philippe Bordenave, Sr. Exec. VP/Head-Finance Frederic Lavenir, Head-Human Resources Alain Marbach, Head-IT & Processes Philippe Bordenave, Sr. Exec. VP/Head-Dev. Jean-Laurent Bonnafe, COO Jacques d'Estais, Head-Corp. & Investment Banking Alain Papiasse, Head-Asset Mgmt. & Svcs. Francois Villeroy de Galhau, Head-French Retail Banking Michel Pebereau, Chmn. Pierre Mariani, Sr. Exec. VP/Head-Int'l Retail Svcs.
Phone: 33-1-40-14-45-46 Fax: 33-1-40-14-69-73 Toll-Free: Address: 16, Blvd. des Italiens, Paris, 75008 France
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $140,726,500 2007 Profits: $10,710,000 U.S. Stock Ticker: 2006 Sales: $99,915,460 2006 Profits: $9,641,400 Int’l Ticker: BNP Int’l Exchange: Paris-Euronext 2005 Sales: $85,687,200 2005 Profits: $7,271,500 Employees: 162,700 2004 Sales: $60,494,800 2004 Profits: $6,367,200 Fiscal Year Ends: 12/31 2003 Sales: $52,095,800 2003 Profits: $4,720,800 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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BOK FINANCIAL CORP
www.bokf.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 88 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 75
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Investment Services Trust Services Mortgage Banking Leasing Cash Management Electronic Funds Transfer
BOK Financial Corporation (BOKF) is a financial holding company that offers corporate banking, consumer banking, mortgage banking and trust services through its subsidiaries: Bank of Albuquerque; Bank of Arkansas; Bank of Oklahoma; Bank of Kansas City; Bank of Texas; Bank of Arizona; Southwest Trust Company; and Colorado State Bank and Trust. The company also operates BOSC, Inc., a broker/dealer that sells retail and institutional securities and underwrites municipal bonds. The banks offer deposit accounts, credit cards and loans for both consumers and businesses. BOKF operates through five principal business segments: Oklahoma corporate banking; Oklahoma consumer banking; mortgage banking; wealth management; and regional banking. Oklahoma Corporate Banking provides loan and lease financing and treasury and cash management services to businesses throughout Oklahoma and to certain relationships in surrounding states. The Oklahoma Consumer Banking segment provides deposit, loan and fee-based services to customers throughout Oklahoma. Mortgage banking includes loan origination and servicing in all market areas served by the company. Wealth management offers investment advisory services; private financial services; and brokerage and trading in all markets, as well as fiduciary services in all markets except Colorado. Fiduciary services in Colorado are handled by the regional banking segment. The regional banking segment consists primarily of corporate and consumer banking in local markets. The firm has developed a pattern of acquiring community banks in metropolitan markets and enhancing the capabilities of those banks with further investment with the intention of enabling them to compete more effectively with their larger competitors. Diversified revenue sources are achieved through a range of product offerings such as an electronic funds transfer network; mortgage banking; brokerage and trading activities; and cash management services. Commissions and fees account for over 40% of total revenues.
BRANDS/DIVISIONS/AFFILIATES: Bank of Oklahoma Bank of Texas Bank of Albuquerque Bank of Arkansas Bank of Kansas City Bank of Arizona Colorado State Bank and Trust Southwest Trust Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Stanley A. Lybarger, CEO Stanley A. Lybarger, Pres. Steven E. Nell, CFO/Exec. VP Stacy C. Kymes, Dir.-Corp. Dev. & Capital Markets James L. Huntzinger, Chief Investment Officer John C. Morrow, Sr. VP/Dir.-Financial Acc. & Reporting Charles E. Cotter, Chief Credit Officer/Exec. VP George B. Kaiser, Chmn.
Phone: 918-588-6000 Fax: 918-588-6853 Toll-Free: Address: Bank of Oklahoma Tower P.O. Box 2300, Tulsa, OK 74192 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,160,737 2007 Profits: $217,664 U.S. Stock Ticker: BOKF 2006 Sales: $986,429 2006 Profits: $212,977 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,123,775 2005 Profits: $201,505 Employees: 4,110 2004 Sales: $923,200 2004 Profits: $179,000 Fiscal Year Ends: 12/31 2003 Sales: $876,973 2003 Profits: $158,360 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $828,600 Second Exec. Salary: $420,000
Bonus: $1,242,900 Bonus: $359,685
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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BOTTOMLINE TECHNOLOGIES INC
www.bottomline.com
Industry Group Code: 511201 Ranks within this company's industry group: Sales: 6 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 6
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Software-Electronic Banking Online Billing, Payment & Invoicing Software
Bottomline Technologies Inc.(BTI), provides electronic payment and invoice services to corporations, financial institutions and banks around the world. Its services are used to streamline, automate and manage processes and transactions involving global payments, invoice approval, collections, cash management, risk mitigation, reporting and document archiving. Historically, its software has been sold predominantly on a perpetual license basis; however, the company is shifting a large part of its focus to selling subscription and transaction-based product offerings. BTI’s comprehensive Purchase-to-Pay offerings allow businesses to automate the almost entirely paper-based processes central to purchasing requisition and invoice management, as well as to facilitate the ultimate payment. BTI has a subscription and transaction-based pricing model for its Purchase-to-Pay offerings. BTI’s hosted spend management solution, Legal eXchange, integrates with claims management and time and billing systems to automate legal invoice management processes. The WebSeries Electronic Banking Platform allows banks and financial institutions to deploy Internet-based cash management services for corporate clients. The firm supports more than 9,000 customers, including 3,000 that access its payment and invoice automation capabilities through convenient subscription and transaction-based services. BTI’s customers are in industries such as financial services, insurance, health care, technology, communications, education, media, manufacturing and government. The company provides its products and services to approximately 65 of the Fortune 100 companies and 80 of the Financial Times 100 companies. In September 2007, the company announced a strategic partnership with Wipro Technologies to deliver best-of-breed corporate payments and global cash management solutions. In March 2008, Bottomline Technologies agreed to acquire Optio Software, a provider of technology solutions for improving the efficiency of document-intensive processes. BTI offers its employees a health club allowance, tuition reimbursement, group health and dental benefits, travel assistance programs, discount home and auto insurance programs, employer paid life insurance, and short and long term disability insurance.
BRANDS/DIVISIONS/AFFILIATES: Legal eXchange WebSeries Wipro Technologies
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert A. Eberle, CEO Peter S. Fortune, COO Robert A. Eberle, Pres. Kevin M. Donovan, CFO Eric A. Campbell, CTO Kevin Donovan, Treas. Paul J. Fannon, Managing Dir.-Transactional Svcs. Europe Craig A. Jones, VP/Gen. Mgr.-Global Banking & Finance Richard A. Bell, VP/Gen. Mgr.-Financial Process Solutions N America Thomas D. Gaillard, VP/Gen. Mgr.-Transaction Svcs. N. America Joseph L. Mullen, Chmn. Peter S. Fortune, Pres., Bottomline Europe
Phone: 603-436-0700 Fax: 603-436-0300 Toll-Free: 800-243-2528 Address: 325 Corporate Dr., Portsmouth, NH 03801 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $71,265 2007 Profits: $-27,854 U.S. Stock Ticker: EPAY 2006 Sales: $82,132 2006 Profits: $-2,418 Int’l Ticker: Int’l Exchange: 2005 Sales: $96,505 2005 Profits: $5,888 Employees: 555 2004 Sales: $82,132 2004 Profits: $-2,418 Fiscal Year Ends: 6/30 2003 Sales: $71,300 2003 Profits: $-27,900 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $302,104 Second Exec. Salary: $300,000
Bonus: $153,917 Bonus: $83,400
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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CANADIAN IMPERIAL BANK OF COMMERCE Industry Group Code: 522110 Ranks within this company's industry group: Sales: 34 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
www.cibc.com
Profits: 34
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Trust Services & Private Banking Business Finance Securities Private Credit Card Issuer Foreign Exchange Brokerage & Asset Management
Canadian Imperial Bank of Commerce (CIBC) is a Canadian financial company that provides services to more than 11 million retail, small business, corporate and investment banking customers through more than 1,000 branches and one of Canada’s largest ATM networks, with more than 3,800 ATMs. The company offers a range of consumer and business services, including deposit accounts, loans, brokerage, mutual funds and trust services. CIBC operates through two segments, CIBC Retail Markets and CIBC World Markets. CIBC Retail Markets provides financial services and products to personal and small business customers, including credit cards and consumer and small business banking. Additionally, the segment operates through a retail electronic banking business, President’s Choice Financial, a co-venture with Loblaw Companies Limited. CIBC World Markets is a leading North American investment bank with niche capabilities in the U.K. and Asia. It offers corporate banking, securities and foreign exchange trading. In addition, CIBC provides internal infrastructure support services for its various subsidiaries and business segments through five functional groups: administration; finance; technology and operations; corporate development; and treasury, balance sheet and risk management. The company offers its employees a pension plan; and employee share purchase plan; medical and dental coverage; income protection; and an employee banking offer, which includes special interest rates, special services and lower transaction fees.
BRANDS/DIVISIONS/AFFILIATES: CIBC Retail Markets CIBC World Markets CIBC Wealth Management President's Choice Financial
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Gerald T. McCaughey, CEO Gerald T. McCaughey, Pres. David Williamson, CFO/Sr. Exec. VP Ron Lalonde, Sr. Exec. VP-Tech. Michael G. Capatides, Chief Admin. Officer/Exec. VP Michael G. Capatides, General Counsel/Exec. VP Ron Lalonde, Sr. Exec. VP-Oper. Richard E. Venn, Sr. Exec. VP-Corp. Dev. Tom Woods, Sr. Exec. VP-Risk Mgmt./Chief Risk Officer Richard E. Venn, Managing Dir./Deputy Chmn.-CBIC World Markets, Inc Sonia A. Baxendale, Sr. Exec. VP-CBIC Retail Markets Richard Nesbitt, CEO-CIBC World Markets William A. Etherington, Chmn.
Phone: 416-980-2211 Fax: 416-980-5028 Toll-Free: Address: Commerce Ct., Toronto, ON M5L 1A2 Canada
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $24,540,000 2007 Profits: $3,470,000 U.S. Stock Ticker: CM 2006 Sales: $17,994,100 2006 Profits: $257,070 Int’l Ticker: CM Int’l Exchange: Toronto-TSX 2005 Sales: $15,975,079 2005 Profits: $175,971 Employees: 40,457 2004 Sales: $13,701,000 2004 Profits: $1,804,000 Fiscal Year Ends: 12/31 2003 Sales: $12,984,000 2003 Profits: $1,564,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Y Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $864,608 Second Exec. Salary: $389,018
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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CAPITAL ONE AUTO FINANCE INC
www.capitaloneautofinance.com
Industry Group Code: 522220 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Vehicle Loans Online Lending
Capital One Auto Finance, Inc. (COAF), a wholly-owned subsidiary of Capital One Financial Corp. and a direct operating subsidiary of Capital One, National Association, is one of the largest Internet vehicle lenders in the U.S. The company provides customers from various credit backgrounds a variety of loans which it then securitizes and resells. For customers holding loans, the firm offers an automated payment option that allows monthly loan payments to be automatically deducted from a designated checking or savings account. Its online lending process allows shoppers to apply for loans and receive a response typically within 15 minutes of submitting their application. Buyers that qualify may receive a financing offer, valid for 30 to 45 days depending on the loan product, as early as the next day. COAF also offers pre-approved loans through direct mail, offering special financing events and services through a network of partner auto dealerships for consumers with Capital One pre-approved letters. All vehicle financing is offered through the firm's proprietary no-obligation Blank Check Auto Loan program which can be used for up to the approved loan amount with no down payment required. The program gives the buyer a piece of paper looking and functioning exactly like a personal check that can be used to purchase a new or used car or motorcycle from a dealer; to buyout a vehicle lease or refinance an existing vehicle loan; or to purchase a used vehicle from a private party. In January 2008, COAF moved from a principle subsidiary of Capital One Financial Corp. to become a direct operating subsidiary of Capital One, National Association.
BRANDS/DIVISIONS/AFFILIATES: Capital One Financial Corp Blank Check Auto Loan
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. David R. Lawson, CEO Kyle D. Shidler, COO/VP David R. Lawson, Pres. Richard D. Fairbank, Chmn.
Phone: 703-720-1000 Fax: 888-412-7543 Toll-Free: 800-689-1789 Address: 3901 N. Dallas Pkwy., Plano, TX 75093 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company: CAPITAL ONE FINANCIAL CORP
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
Plunkett Research, Ltd.
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CAPITAL ONE FINANCIAL CORP
www.capitalone.com
Industry Group Code: 522210 Ranks within this company's industry group: Sales: 2 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 2
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Credit Card Issuing Credit Card Products & Services Mortgage Services Consumer Lending Health Care Financing Small Business Loans Mortgages Commercial Banking
Capital One Financial Corporation is a financial holding company whose subsidiaries market a variety of financial products and services using a unique information-based scientific strategy. It is one of the world’s largest financial services franchises, with nearly 50 million accounts and over $100 billion in managed loans outstanding. It is also one of the largest Internet originators of auto loans in the world. Capital One manages its business via two distinct operating segments: local banking and national lending. The local banking segment was formed in 2006 pursuant to the acquisition of Hibernia Corporation in late 2005 and encompasses the business activities of the former North Fork Bank, a December 2006 acquisition. The National Lending segment consists of three sub-segments: U.S. Card, Auto Finance and Global Financial Services. Capital One’s principal subsidiaries include Capital One Bank, which offers credit and debit card products, deposit products, and also engages in a wide variety of lending and other financial activities; Capital One National Association (CONA), which offers financial products and services to consumers, small businesses and commercial clients; Capital One Auto Finance, Inc., which offers automobile and other motor vehicle financing products; and Superior Savings of New England, N.A., which focuses on telephonic and mediabased generation of deposits. In 2007, the firm announced a company-wide restructuring that, among other actions, included the discontinuation of its residential mortgage origination operations at its wholesale mortgage banking unit, GreenPoint Mortgage. Other restructuring efforts include the merger of former Capital One subsidiaries Capital One, F.S.B. and North Fork Bank into CONA. In August 2007, the company acquired NetSpend Holdings, Inc., the parent company of NetSpend Corporation, a retail marketer of prepaid debit cards, for approximately $700 million. The company’s employee benefits package includes an educational assistance program, paid holidays, medical and dental insurance, flexible spending accounts and a 401(k) savings plan.
BRANDS/DIVISIONS/AFFILIATES: Capital One Bank Capital One Services, Inc. Capital One F.S.B. Capital One Auto Finance Inc. Onyx Acceptance Corporation eSmartloan Hibernia Corporation Capital One NA
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Richard D. Fairbank, CEO Richard D. Fairbank, Pres. Gary L. Perlin, CFO/Exec. VP Matthew W. Schuyler, Exec. VP-Human Resources John G. Finneran, Jr., General Counsel/Corp. Sec./Exec. VP Larry A. Klane, Exec. VP-Global Financial Svcs. Lynn Pike, Pres., Banking Jory A. Berson, Pres., Financial Svcs. Peter A. Schnall, Exec. VP/Chief Risk Officer David R. Lawson, Pres., Capital One Auto Finance Richard D. Fairbank, Chmn.
Phone: 703-720-1000 Fax: 703-205-1755 Toll-Free: 800-801-1164 Address: 1680 Capital One Dr., McLean, VA 22102 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $19,132,379 2007 Profits: $1,570,332 U.S. Stock Ticker: COF 2006 Sales: $15,190,961 2006 Profits: $2,414,493 Int’l Ticker: Int’l Exchange: 2005 Sales: $12,084,986 2005 Profits: $1,809,147 Employees: 27,000 2004 Sales: $10,694,577 2004 Profits: $1,543,482 Fiscal Year Ends: 12/31 2003 Sales: $9,783,578 2003 Profits: $1,135,842 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $850,000 Second Exec. Salary: $670,833
Bonus: $1,225,000 Bonus: $528,750
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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CAPITAL ONE NA
www.capitalonebank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Banking Insurance Leasing Trust & Investment Management Mutual Funds & Annuities Risk Management Services Treasury Management
Capital One, N.A. (CONA), formerly Hibernia National Bank, is a subsidiary of Capital One Financial Corp. that offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients. The bank operates through a network of over 316 locations in Louisiana and Texas and two mortgage loan production and retail brokerage service offices in southern Mississippi. The company offers personal services such as checking, CDs, savings, personal loans, lines of credit, home loans and mortgages; small business services including equipment financing, cash management and payment card processing; commercial services such as depository, treasury management, debt solutions and international banking; and additional products like online banking, private client group services, investments, insurance and institutional client services. The bank uses Capital One Southcoast, Inc., a subsidiary of Capital One Financial, to offer equity research, debt and equity sales and trading and corporate finance services. Capital One has consolidated several of its other banking subsidiaries into CONA, including the Savings Bank and North Fork Bank. As part of these plans, Capital One Auto Finance, Inc. and GreenPoint Mortgage Funding, Inc. have become operating subsidiaries of CONA. Employees of Capital One N.A. receive flexible spending accounts, managed income protection, financial benefits and adoption support, as well as medical, dental, life and vision insurance.
BRANDS/DIVISIONS/AFFILIATES: Capitol One Financial Corp Hibernia National Bank Capital One Southcoast, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. J. Herbert Boydstun, CEO Marsha M. Gassan, CFO/Sr. Exec. VP Robert M. Kottler, Chief Sales Support Officer/Sr. Exec. VP Ron E. Samford, Jr., Exec. VP-Admin. Russell S. Hoadley, Chief Public Affairs Officer/Sr. Exec. VP Randall E. Howard, Pres., Commercial Banking Cindy S. Collins, Exec. VP-Chief Regulatory Officer Robert M. Stuart, Jr., Chief Credit Officer/Sr. Exec. VP Paul Bonitatibus, Chief Regulatory Officer/Pres., Consumer
Phone: 713-789-7879 Fax: 713-435-7878 Toll-Free: 800-562-9007 Address: 5718 Westheimer Rd., Ste. 600, Houston, TX 77057 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $4,046,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $23,800,000 2005 Profits: $ Employees: 22,000 2004 Sales: $1,410,203 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $1,267,199 2003 Profits: $ Parent Company: CAPITAL ONE FINANCIAL CORP
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan: Y
Y
Profit Sharing:
Top Exec. Salary: $675,000 Second Exec. Salary: $312,000
Bonus: $600,000 Bonus: $197,000
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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CAPITOL FEDERAL FINANCIAL
www.capfed.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 128 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 130
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Consumer Lending Construction Loans Multi-Family Real Estate Loans
Capitol Federal Financial (CapFed) is the federally chartered mutual holding company for subsidiary Capitol Federal Savings Bank, which operates in Kansas. The bank is a federally chartered and insured savings bank that serves the metropolitan areas of Kansas City, Topeka, Wichita, Lawrence, Manhattan, Emporia and Salina, Kansas through 29 traditional and nine in-store banking offices. The bank is the only operating subsidiary of CapFed. The company attracts retail deposits from the general public and invests those funds primarily in loans secured by mortgages on owner-occupied, one- to four-family residences. It also originates consumer loans, construction loans secured by commercial real estate, multi-family real estate loans and a limited number of loans outside its market area. Mortgage loans originated by CapFed carry either a fixed or adjustable rate of interest and are generally long term loans that amortize monthly. The firm offers a variety of deposit accounts, including passbook and passcard savings accounts; money market accounts; interest bearing and noninterest bearing checking accounts; and certificates of deposit with terms that range from 91 days to 96 months. In September 2007, CapFed’s net loan portfolio totaled $5.29 billion, which constituted 68.9% of its total assets.
BRANDS/DIVISIONS/AFFILIATES: Capitol Federal Savings Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John B. Dicus, CEO John B. Dicus, Pres. Kent G. Townsend, CFO/Exec. VP Kent G. Townsend, Treas./Exec. VP Larry K. Brubaker, Exec. VP-Corp. Svcs. Richard J. Aleshire, Exec. VP-Retail Oper. John C. Dicus, Chmn.
Phone: 785-235-1341 Fax: 785-231-6264 Toll-Free: 888-822-7333 Address: 700 S. Kansas Ave., Topeka, KS 66603-3894 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $435,563 2007 Profits: $32,296 U.S. Stock Ticker: CFFN 2006 Sales: $436,195 2006 Profits: $48,117 Int’l Ticker: Int’l Exchange: 2005 Sales: $423,455 2005 Profits: $65,059 Employees: 619 2004 Sales: $408,400 2004 Profits: $-106,300 Fiscal Year Ends: 9/30 2003 Sales: $484,700 2003 Profits: $52,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing: Y
Top Exec. Salary: $503,769 Second Exec. Salary: $436,000
Bonus: $91,942 Bonus: $63,530
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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CAPMARK FINANCIAL GROUP INC
www.capmark.com
Industry Group Code: 522220A Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Commercial Real Estate & Construction Lending Loan Services Investments Investment Research
Capmark Financial Group, Inc., formerly GMAC Commercial Mortgage, is a global real estate finance company with three core businesses: lending and mortgage banking; investments and funds management; and services. The lending and mortgage banking unit originated $29 billion in primarily commercial loans worldwide in 2007 through its own resources and relationships with more than 100 capital providers including Fannie Mae, Freddie Mac, HUD, pension funds, mutual funds and insurance companies. The investments unit, comprised of subsidiary Capmark Investments LP, offers investors private funds and separate accounts in equity real estate and higher-yield mortgage plans. Capmark Investments has $10.3 billion in investments under management and supervision. In addition, the investments arm includes the Realpoint research division which provides independent real estate securities and property market research, risk analytics and valuation services. The services unit offers clients the ability to outsource commercial loan servicing needs for managing and resolving real estate asset portfolios. Services customers include government agencies, investment banks, CMBS (commercial mortgage backed securities) trusts and public retirement funds. Capmark has operations in North America, Europe and Asia. In December 2007, the firm closed its lending operations in Canada. In April 2008, the company’s subsidiaries sold significant interests in 34 European loans to GE Real Estate. Capmark offers its employees health benefits, a 401(k) plan, ongoing training and educational opportunities including tuition assistance.
BRANDS/DIVISIONS/AFFILIATES: GMAC Commercial Mortgage Capmark Investments LP Realpoint KKR & Co LP (Kohlberg Kravis Roberts & Co) Goldman Sachs Group Inc Five Mile Capital Partners, LLC GE Real Estate
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William F. Aldinger, III, CEO William F. Aldinger, III, Pres. Gregory J. McManus, CFO/Exec. VP Linda A. Pickles, Chief Admin. Officer/Exec. VP Thomas L. Fairfield, General Counsel/Exec. VP Michael I. Lipson, Exec. VP Barry S. Gersten, Exec. VP/Pres., Capmark Investments LP Morgan G. (Jerry) Earnest, II, Exec. VP/Pres., Capmark Finance, Inc. D. Steven Lin, Exec. VP/Pres., Asian Oper.
Phone: 650-572-6600 Fax: 650-572-6634 Toll-Free: 888-848-2276 Address: 411 Borel Ave., Ste. 320, San Mateo, CA 94402 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Private 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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CARDTRONICS INC
www.cardtronics.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 15 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 13
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: ATM Network Management ATM Process Outsourcing Primary Branding Programs
Cardtronics, Inc. is a single-source provider of automated teller machine (ATM) solutions to large, nationally-known retail merchants as well as smaller retailers and operators of facilities such as shopping malls and airports. Cardtronics operates over 32,200 ATMs throughout the U.S., the U.K. and Mexico. Over 10,000 of the company’s ATMs are under contract with banks for the placement of the banks’ logos on the machines. The company also operates the Allpoint network, one of the largest surcharge-free ATM networks in the U.S. based on the number of participating ATMs. Cardtronics deploys and operates its ATMs under two types of arrangements with its merchant customers: companyowned and merchant-owned. Under company-owned arrangements, which represent roughly 64% of its ATM network, Cardtronics provides the ATM and is typically responsible for all aspects of its operation, including transaction processing, procuring cash, supplies and telecommunications as well as routine and technical maintenance. Under merchant-owned arrangements, which represent roughly 36% of its ATM network, the merchant owns the ATM and is usually responsible for providing cash and performing simple maintenance tasks, while Cardtronics provides more complex maintenance services, transaction processing and connection to electronic funds transfer networks. The company plans to focus its growth on expanding the number of company-owned ATMs in its network. Cardtronics targets convenience stores, gas stations, grocery stores, airports and major regional and national retail outlets for its ATM locations. It has merchant agreements with such retailers as Chevron, Costco, Safeway, Target and Walgreens. In July 2007, Cardtronics acquired the ATM business of 7-Eleven, Inc. for $135 million, which included roughly 5,500 ATMs located in 7-Eleven stores throughout the U.S., of which roughly 2,000 are advanced-functionality Vcom branded financial self-service kiosks. In December 2007, the company completed its initial public offering.
BRANDS/DIVISIONS/AFFILIATES:
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Jack M. Antonini, CEO Michael H. Clinard, COO Jack M. Antonini, Pres. J. Chris Brewster, CFO Keith Myers, Chief Sales & Mktg. Officer Jerry Garcia, CIO Michael E. Keller, General Counsel/Corp. Sec. James Bettinger, Exec. VP-Oper. Rick Updyke, Chief Strategy & Dev. Officer Brian R. Archer, Exec. VP-Sales Thomas E. Upton, Exec. VP-Acquisitions Fred R. Lummis, Chmn. Ronald (Ron) Delnevo, Managing Dir.-U.K. & Europe
Phone: 281-596-9988 Fax: 281-596-9984 Toll-Free: 800-786-9666 Address: 3110 Hayes Rd., Ste. 300, Houston, TX 77082 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $378,298 2007 Profits: $-27,090 U.S. Stock Ticker: CATM 2006 Sales: $293,605 2006 Profits: $- 531 Int’l Ticker: Int’l Exchange: 2005 Sales: $268,965 2005 Profits: $-2,418 Employees: 400 2004 Sales: $192,915 2004 Profits: $5,805 Fiscal Year Ends: 12/31 2003 Sales: $110,400 2003 Profits: $2,500 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $364,651 Second Exec. Salary: $353,714
Bonus: $206,856 Bonus: $138,209
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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CENTERLINE HOLDING COMPANY
www.centerline.com
Industry Group Code: 522310 Ranks within this company's industry group: Sales: 7 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 5
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages Loan Products Portfolio Investing Fund Management Mortgage Banking Multi-family Real Estate Finance
Centerline Holding Company is the holding company for Centerline Capital Group, a full service investing and finance company with a core focus on real estate. The firm has four business groups: commercial real estate, which includes commercial mortgage-backed securities, commercial products and agency lending products; affordable housing, which provides equity capital to the affordable multifamily housing industry; portfolio management, which monitors the company’s loans and investments; and credit risk products, where the company’s subsidiary, Centerline Financial LLC, provides recidt intermediation, primarily through credit default swaps for the multifamily housing industry. The company specializes in commercial real estate lending with a focus on the multi-family sector. The commercial real estate segment, which provides a spectrum of financing and investment products for multifamily, office, retail, industrial, mixed-use and other properties, includes services such as direct loan fund management, real estate equity fund management and debt product origination. Centerline’s other divisions, including finance, accounting, investor relations, legal, operations, communications and risk management, are governed by the corporate group. In January 2008, the firm completed securitization of $2.8 billion tax-exempt affordable housing bond portfolio with Freddie Mac. In June 2008, the company agreed to act as collateral manager for two commercial real estate collateralized debt obligations (CRE CDOs), comprising over $1.6 billion of bridge and mezzanine loans and b-notes created by Nomura Credit and Capital, Inc., a subsidiary of Nomura Holding America Inc. In September 2008, following the government’s placing of Freddie Mac under conservatorship, Centerline announced that business would continue as usual with the company.
BRANDS/DIVISIONS/AFFILIATES: ARCap Investors, LLC Centerline Capital Group CharterMac
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Marc D. Schnitzer, CEO Marc D. Scnhnitzer, Pres. Robert L. Levy, CFO Paul Smyth, Sr. Managing Dir. Nicholas A.C. Mumford, Exec. Managing Dir. Donald J. Meyer, Chief Investment Officer Andrew J. Weil, Exec. Managing Dir. Stephen M. Ross, Chmn.
Phone: 212-317-5700 Fax: 212-751-3550 Toll-Free: 800-831-4826 Address: 625 Madison Ave., New York, NY 10022-1801 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $572,927 2007 Profits: $-60,128 U.S. Stock Ticker: CHC 2006 Sales: $387,259 2006 Profits: $41,294 Int’l Ticker: Int’l Exchange: 2005 Sales: $295,000 2005 Profits: $59,014 Employees: 500 2004 Sales: $232,432 2004 Profits: $65,363 Fiscal Year Ends: 12/31 2003 Sales: $161,900 2003 Profits: $66,600 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities: Y
Y Y
Profit Sharing:
Top Exec. Salary: $622,769 Second Exec. Salary: $499,616
Bonus: $1,100,000 Bonus: $1,391,372
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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CHECK INTO CASH INC
www.checkintocash.com
Industry Group Code: 522390 Ranks within this company's industry group: Sales: 4 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Payday Lending Calling Cards
Check Into Cash, Inc. (CIC) is a leading provider of payday advances. Customers who find themselves short of money before payday can write the company a personal check, which is held by CIC for up to 14 days. The format of this transaction ensures that only those with both a steady income and a checking account can utilize the firm’s services, for which CIC charges a one-time flat fee. It is not intended as a long-term source of credit, and many people use the service to finance unexpected costs such as medical bills or car repairs. The company operates over 1,270 lending centers in 31 states. Integral to CIC’s marketing strategy is to convince consumers that a payday advance is a responsible and dignified solution to short-term money problems, providing an alternative to pawn shops and borrowing from friends and family for those who have no credit or bad credit. The firm provides employees with medical, dental and life insurance, bonus opportunities and flexible hours. Some employees are also eligible for tuition assistance.
BRANDS/DIVISIONS/AFFILIATES:
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. W. Allan Jones, CEO Steve Scoggins, COO Steve Scoggins, Pres. Bill Lane, CFO Frank Kramer, Sr. VP-Oper. Eric Johnson, Regional VP-Oper. Sue Schueler, Regional VP-Oper. Mike Steimel, Regional VP-Oper. W. Allan Jones, Chmn.
Phone: 423-479-2400 Fax: 423-559-1099 Toll-Free: 800-504-9101 Address: 201 Keith St. SW, Ste. 80, Cleveland, TN 37311 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $31,500 2007 Profits: $ U.S. Stock Ticker: Private 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 280 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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CHECKFREE CORP
www.checkfree.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 9 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 8
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Electronic Payment Processing Electronic Payment Systems & Services Billing & Statement Software Portfolio Management Systems
CheckFree Corp. is an electronic payment processing company that provides financial electronic commerce products and services. The firm operates through three divisions: Electronic commerce, investment services and software. The electronic commerce division enables consumers to receive and pay bills. In 2007, it processed over 1.3 billion payment transactions and delivered approximately 226 million electronic bills, accounting for 74% of consolidated revenues. The investment services division, which accounts for 13% of revenue, provides a range of portfolio management services to financial institutions, including broker dealers, money managers and investment advisors. The division's CheckFree APL portfolio accounting system is used to manage nearly 2.3 million portfolios. The software division, accounting for 13% of revenue, provides financial software, maintenance, support and professional services under five product lines: Bank payments, operational risk management, transaction process management, compliance and electronic billing. Its PEP+ mainframe, online, real-time system enables the origination and receipt of electronic payments through the Automated Clearing House (ACH). Clients include large financial service providers and other companies across a range of industries. CheckFree CALiPER 3.0, a stand-alone performance calculation and reporting engine servicing the broker dealer and retail financial markets in online banking and billing. Recent acquisitions include Corillian Corporation, a provider of online banking software and services, and Upstream Technologies, LLC, a provider of advanced investment decision support and trade order management tools. In December 2007, Fiserv, Inc., a leading provider of information technology services to the financial industry, acquired Checkfree for $4.4 billion. Employees of Checkfree receive medical insurance, a company stock purchase plan, a 401(k), flexible saving accounts, tuition assistance, adoption reimbursement and employee assistance.
BRANDS/DIVISIONS/AFFILIATES: CheckFree APL ACH Solutions Upstream Technologies, LLC CheckFree Compliance Solutions CALiPER3.0 Corillian Corporation Fiserv, Inc. PEP+
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Pete J. Kight, CEO Steve Olsen, COO/Exec. VP David E. Mangum, CFO/Exec. VP Leigh Asher, Sr. VP-Corp. Mktg. Steve Olsen, CIO Laura E. Binion, General Counsel/Exec. VP John J. Browne, Jr., VP/Controller/Chief Acct. Officer Alex Hart, Exec. VP/Gen. Mgr.-Electronic Banking Svcs. Div. Jardon Bouska, Exec. VP/Gen. Mgr.-Electronic Biller Svcs. Div. Michael Gianoni, Exec. VP/Gen. Mgr.-Investment Svcs. Div. Pete J. Kight, Chmn.
Phone: 678-375-3000 Fax: 678-375-1477 Toll-Free: Address: 4411 E. Jones Bridge Rd., Norcross, GA 30092 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $972,644 2007 Profits: $124,438 U.S. Stock Ticker: CKFR 2006 Sales: $879,402 2006 Profits: $127,263 Int’l Ticker: Int’l Exchange: 2005 Sales: $749,847 2005 Profits: $46,801 Employees: 4,300 2004 Sales: $599,227 2004 Profits: $10,535 Fiscal Year Ends: 6/30 2003 Sales: $551,600 2003 Profits: $-52,200 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $520,000 Second Exec. Salary: $308,990
Bonus: $509,600 Bonus: $194,819
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
Plunkett Research, Ltd.
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CHEMICAL FINANCIAL CORPORATION Industry Group Code: 522110 Ranks within this company's industry group: Sales: 141 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
www.chemicalbankmi.com Profits: 126
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Consumer Loans Business Financing Investment Services Insurance Trust Services
Chemical Financial Corporation (CFC) is a financial holding company operating in the commercial banking segment through its Chemical Bank subsidiary. Chemical Bank offers a full range of commercial banking services, including deposits; business and personal checking accounts; savings and individual retirement accounts; time deposit instruments; electronically accessed banking products; residential and commercial real estate financing; commercial lending; consumer financing; debit cards; safe deposit box services; money transfer services; automated teller machines; access to insurance products; and corporate and personal trust and investment management services. Chemical Bank serves 89 communities in Michigan through 129 banking offices and two loan production offices located in 31 counties across Michigan’s lower peninsula. In addition to its banking offices, the firm operates 141 ATMs (automated teller machines), both on and off bank premises. The principal source of revenue for CFC is interest and fees on loans, which generate approximately 71% of its total revenue. Interest on investment securities is also a significant source of revenue, generating 10% of its revenue. The firm’s average assets were $3.79 billion during 2007. Chemical Bank directly owns two operating non-bank subsidiaries: CFC Financial Services, Inc. and CFC Title Services, Inc. CFC Financial Services is an insurance company operating under the name CFC Investment Center. The subsidiary offers mutual funds and annuity products. CFC Title Services is an issuer of title insurance to buyers and sellers of residential and commercial mortgage properties, including properties subject to loan refinancing. CFC offers its employees tuition reimbursement, flexible spending plans and medical, dental, life, AD&D and disability insurance.
BRANDS/DIVISIONS/AFFILIATES: Chemical Bank CFC Financial Services, Inc. CFC Investment Centers CFC Title Services, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. David B. Ramaker, CEO James R. Milroy, COO/Exec. VP David B. Ramaker, Pres. Lori A. Gwizdala, CFO/Exec. VP John D. Hatfield, VP-Mktg. Gary L. Richardson, CIO/Sr. VP Thomas W. Kohn, Sec. Kenneth W. Johnson, Exec. VP/Dir.-Bank Oper., Chemical Bank Lori A. Gwizdala, Treas. Thomas W. Kohn, Exec. VP-Community Banking David B. Ramaker, Chmn.
Phone: 989-839-5350 Fax: 989-839-5255 Toll-Free: Address: 333 E. Main St., P.O. Box 569, Midland, MI 48640-0569 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $269,182 2007 Profits: $39,009 U.S. Stock Ticker: CHFC 2006 Sales: $258,900 2006 Profits: $46,844 Int’l Ticker: Int’l Exchange: 2005 Sales: $238,524 2005 Profits: $52,878 Employees: 1,366 2004 Sales: $228,600 2004 Profits: $56,700 Fiscal Year Ends: 12/31 2003 Sales: $224,100 2003 Profits: $55,700 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $322,000 Second Exec. Salary: $207,500
Bonus: $40,150 Bonus: $24,150
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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CHEVY CHASE BANK
www.chevychasebank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 87 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 121
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages & Consumer Loans Business Finance Online Banking & Brokerage Services Trust Services Investment Products & Financial Planning Services Insurance Credit Cards
Chevy Chase Bank (CCB) is one of the largest banks serving the Washington, D.C. metropolitan area with approximately 285 branches, nearly 1,100 ATMs and over $15.1 billion in assets. The company’s personal banking products and services include checking and savings accounts, both available online, and credit cards. The bank’s borrowing services include home equity loans, mortgages and consumer loans. Its investing services include CDs, IRAs, mutual funds and annuities; online brokerage services and trust services; and financial, education, estate and retirement planning. CCB’s small business products and services include much of the same services available to personal account holders. The firm also offers commercial banking products and services for mid- to large-sized companies, institutions and not-for-profit organizations through offices in Bethesda and Baltimore, Maryland and Tyson’s Corner, Virginia. CCB has expertise in general industries, government contracting and technology, the not-for-profit sector and real estate financing. Its commercial banking products include online access, cash management, trust services, institutional investments, insurance, account options, business loans and employee services. One of its newer online services is Remote Deposit Capture, which allows customers to scan checks, transmit the images, and complete the deposit all from their business location rather than having to come into the bank. In 2007, CCB added 18 new branches, expanded its Small Business Banking program and launched an Hispanic Banking initiative. Employees of the company receive medical, dental, vision and prescription drug plans; tuition reimbursement; flexible spending accounts; employee and dependent term life, accidental death and dismemberment insurance; and long term disability insurance.
BRANDS/DIVISIONS/AFFILIATES: Remote Deposit Capture
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. B. Francis Saul, II, CEO Stephen R. Halpin, CFO/Exec. VP Robert H. Spicer, II, CIO/Exec. VP Thomas H. McCormick, General Counsel/Exec. VP George P. Clancy, Jr., Exec. VP/Chief Lending Officer W. Scott McSween, Exec. VP-Retail Banking Robert D. Broeksmit, Pres., B. F. Saul Mortgage Co. Alexander R.M. Boyle, Vice Chmn. B. Francis Saul, II, Chmn.
Phone: 240-497-4600 Fax: 240-497-4110 Toll-Free: 800-987-2265 Address: 7501 Wisconsin Ave., Bethesda, MD 20814 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,197,600 2007 Profits: $55,318 U.S. Stock Ticker: Private 2006 Sales: $1,129,900 2006 Profits: $78,179 Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 4,500 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 9/30 2003 Sales: $991,800 2003 Profits: $79,600 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing: Y
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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CHINA CONSTRUCTION BANK (CCB) Industry Group Code: 522110 Ranks within this company's industry group: Sales: 31 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
www.ccb.cn Profits: 19
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Infrastructure Loans Mortgages Wealth Management Securities Brokerage e-Commerce Treasury-Debt Securities Credit Cards
China Construction Bank (CCB), one of the four largest banks in China, has over $1 trillion in assets and over 13,400 branches throughout China, in addition to foreign offices in Singapore, Germany, South Korea, South Africa, the U.S. and the U.K. Its business segments include corporate banking, personal banking and treasury operations. Corporate banking services include deposits, loans and intermediary products, especially medium- and long-term infrastructure loan products and agency, consultancy and advisory services. Personal banking products include deposits, loans, bankcards, personal intermediary services, securities agency services and wealth management, with a focus on residential mortgage lending and consumer lending. The treasury business segment purchases foreign and domestic government bonds, and invests in money markets and gold consignments. CCB maintains a network of approximately 460 self-service banking outlets and over 26,100 ATMs, as well as electronic banking services reaching 92.1 million customers through the firm’s e-Route brand. CCB offers a VIP Service System, which offers direct connections to CCB’s electronic banking system for preferred clients, as well as Chinese state bureaus and commissions. In addition to launching its first credit card, the Quancheng Long Card, CCB recently introduced a credit card intended especially for the faculty and students of Guizhou University, called the Guizhou University Long Card. Another new product, the QDII Profit from Exchange, available to individual and institutional investors, raises funds through investment in the U.S. bond market, with an expected annual return of 5% and a 100% of principal guarantee. In recent news, the company received approval from the China Banking Regulatory Commission to form an equity joint venture with Bank of America, CCB Financial Leasing Corporation. In July 2008, CCB officially launched its personal banking services. In May 2008, the company acquired a controlling equity interest in Hefei Xingtai Trust Co.
BRANDS/DIVISIONS/AFFILIATES: China Construction Bank e-Route VIP Service System Quancheng Long Card Guizhou University Long Card QDII Profit from Exchange
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Zhang Jianguo, Pres. Pang Xuisheng, CFO Zhao Lin, VP-IT & Risk Mgmt. Liu Shulan, VP-Admin. Chen Caihong, Corp. Sec. Fan Yifei, VP-Finance, Acct., Asset & Liability Mgmt. Gu Jingpu, VP-Wholesale Banking Xin Shusen, VP-Compliance Chen Zuofu, VP-Personal Banking Yu Yongshun, Chief Audit Officer/Gen. Mgr.-Audit Guo Shuqing, Chmn.
Phone: 86-10-6759-7114 Fax: 86-10-6360-3194 Toll-Free: Address: 25 Finance St., Beijing, 100032 China
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $29,160,000 2007 Profits: $5,930,000 U.S. Stock Ticker: 2006 Sales: $29,393,500 2006 Profits: $5,924,200 Int’l Ticker: 939 Int’l Exchange: Hong Kong-HKEX 2005 Sales: $22,770,600 2005 Profits: $5,748,800 Employees: 297,506 2004 Sales: $18,000,000 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $15,825,000 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Y Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
Plunkett Research, Ltd.
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CHRYSLER FINANCIAL SERVICES LLC Industry Group Code: 522220 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
www.chryslerfinancial.com
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Automobile Financing Retail & Lease Financing Dealer Inventory Property & Casualty Insurance Dealership Facility Development Management
Chrysler Financial Services LLC, formerly DaimlerChrysler Financial Services Americas, LLC, serves as the Canadian, Mexican and U.S. headquarters for Chrysler Holding LLC, which is also the parent company of Chrysler LLC. The company provides consumer and dealership automotive financing for Chrysler, Dodge and Jeep vehicles at more than 3,500 dealers in the U.S., Canada, Mexico, Puerto Rico and Venezuela. Among the services offered are retail and lease financing for vehicles; dealer inventory and other financing needs; dealer property and casualty insurance; and dealership facility development management, primarily for Chrysler dealers and their customers. Due to the August 2007 acquisition by Cerberus Capital Management of 80.1% of Chrysler Holding LLC from DaimlerChrysler AG, DaimlerChrysler Financial Services Americas LLC was split into two companies: Chrysler Financial Services LLC and Mercedes-Benz Financial. The Mercedes-Benz company, which also encompasses DaimlerChrysler Truck Financial, is now a part of Daimler Financial Services AG. Pursuant to Cerberus Capital’s acquisition, the previous parent company (DaimlerChrysler Financial Services AG) has changed its name to Daimler Financial Services AG to reflect its relationship to its parent company the new Daimler AG. Chrysler Financial Services LLC is the sister company of Chrysler LLC; both are organized under Chrysler Holding LLC. In August 2008, the company announced the completion of the renewal of its $24 billion credit facilities, which provide funding for dealer and consumer financial services.
BRANDS/DIVISIONS/AFFILIATES: Chrysler LLC Cerberus Capital Management LP Chrysler Holding LLC
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Thomas F. Gilman, CEO/Vice Chmn. Darryl R. Jackson, COO Leland Wilson, CFO Machelle A. McAdory, VP-Human Resources Machelle A. McAdory, VP-Admin. Svcs. Tracy L. Hackman, General Counsel/VP Machelle A. McAdory, VP-Comm. Darcy Walker, Chief Risk Officer Janet Toronski, VP-Dealer Credit & National Acct. Matt Thibaudeau, VP-Svcs. Group
Phone: 248-427-6800 Fax: 248-427-3121 Toll-Free: Address: 27777 Inkster Rd., Farmington Hills, MI 48334 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 3,300 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company: CHRYSLER HOLDING LLC
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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CIT GROUP INC
www.citgroup.com
Industry Group Code: 522220A Ranks within this company's industry group: Sales: 3 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 5
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Financing-Business Equipment, Cars, Trucks Commercial Loans Leasing Mortgage Loans Consumer Loans
CIT Group, Inc. is a leading global commercial and consumer finance company, with a focus on middle-market companies. It has operations all over the globe, with offices in over 50 countries. CIT Group offers secured commercial and consumer financing, primarily in the U.S., to businesses of all sizes and to individuals through a nationwide distribution network. The firm has a broad array of franchise businesses that focus on specific industries, asset types and markets, which are balanced by client, industry and geographic diversification. CIT Group operates in five business segments: corporate finance, trade finance, transportation finance and vendor finance. The corporate finance segment is a national middle market lending platform focused on key industries, including healthcare, communications, media and entertainment, energy, small business lending and diversified industries. The firm’s trade finance division is a factoring platform focused on retail apparel, home furnishings and electronics. The transportation finance division offers global commercial aircraft and railcar operating lease and asset management. CIT’s vendor finance is a global small ticket leasing and global vendor finance platform. The company previously operated a student loan segment and a home lending segment; both were discontinued in 2008. CIT’s home lending business, consisting of approximately $9.3 billion in assets and related servicing operations, was sold to Lone Star Funds for roughly $1.5 billion in cash and the assumption of $4.4 billion of outstanding debt and other related liabilities. In April 2008, the company ceased originating all government guaranteed student loans. Recent acquisitions include the U.S. Business Technology Finance unit of Citigroup, Inc. in May 2007 for approximately $2 billion; the U.K. and German vendor finance businesses of Barclays Bank, Plc. in June 2007 for about $2 billion; and Edgeview Partners in July 2007.
BRANDS/DIVISIONS/AFFILIATES: Tyco International
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Jeffrey M. Peek, CEO Alexander T. Mason, COO Alexander T. Mason, Pres. Joseph M. Leone, CFO Kelley J. Gipson, Exec. VP-Mktg. James J. Duffy, Exec. VP-Human Resources Michael Baresich, CIO/Exec. VP Robert J. Ingato, General Counsel/Exec. VP Kelley J. Gipson, Exec. VP-Comm. Kenneth A. Brause, Exec. VP/Dir.-Investor Rel. Jeff Knittel, Pres., Transportation Finance Daryl MacLellan, Pres., CIT Canada John Daly, Pres., Trade Finance Nancy J. Foster, Chief Risk Officer Jeffrey M. Peek, Chmn.
Phone: 212-771-0505 Fax: Toll-Free: Address: 505 5th Ave., New York, NY 10017 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $8,605,000 2007 Profits: $-81,000 U.S. Stock Ticker: CIT 2006 Sales: $6,942,700 2006 Profits: $1,046,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $5,652,600 2005 Profits: $949,100 Employees: 6,100 2004 Sales: $4,718,100 2004 Profits: $573,600 Fiscal Year Ends: 12/31 2003 Sales: $4,588,800 2003 Profits: $566,900 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $800,000 Second Exec. Salary: $500,000
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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CITIFINANCIAL
www.citifinancial.com
Industry Group Code: 522291 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Consumer Finance & Loans Home Equity Loans Auto Loans Bill Consolidation & Debt Refinancing Credit Payment Protection
CitiFinancial, Inc., a wholly-owned subsidiary of Citigroup, Inc., is a consumer finance and community-based lending company. The firm serves millions of customers through more than 2,500 offices in the U.S. and Canada. The company’s products include real-estate secured loans and unsecured and partially secured personal; auto and home equity loans; as well as credit payment protection and a rate reduction plan. Services also include AutoPay Advantage, which assists clients in making loan payments on time by automatically deducting payments from a checking account; Citi Identity, an identity theft protection solution service; and AdvantagePlus, an adjustable-rate home equity loan. The firm’s rate reduction plan rewards timely payments of a customer’s mortgage or home equity loan with a reduction in the interest rate on the loan. Additionally, the company offers budget management advisory services. CitiFinancial also provides customers with loans for extra cash, bill consolidation, unexpected expenses, refinancing, home improvement, vacation and tuition help. All loan decisions are made locally, which expedites the approval process by cutting out the time normally taken by communications with a corporate base. CitiFinancial employees receive benefits that include tuition reimbursement, formal training packages, mortgage assistance, discount banking services, stock ownership programs, LifeWorks family support, two to four weeks of paid vacation and ten paid holidays per year.
BRANDS/DIVISIONS/AFFILIATES: Citigroup Inc AutoPay Advantage AdvantagePlus Citi Identity
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Mary McDowell, CEO Mary McDowell, Pres.
Phone: 410-332-3000 Fax: 410-332-3489 Toll-Free: 800-995-2274 Address: 300 St. Paul Pl., Baltimore, MD 21202 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company: CITIGROUP INC
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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CITIGROUP INC
www.citigroup.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 5 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 32
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Commercial, Residential & Consumer Lending Credit Cards Investment Banking Insurance Brokerage Services Annuities Retirement Products
Citigroup, Inc. is a leading financial services firm in the U.S. and one of the largest banking organizations in the world. Citi provides products and services to over 200 million customers in more than 100 countries and territories. The firm operates within six regions: U.S., Mexico, EMEA, Japan, Asia (excluding Japan) and Latin America and is organized into five segments: Global Consumer Group; Citi Markets and Banking (CMB); Global Wealth Management (GWM); Citi Alternative Investments (CAI); and Corporate / Other. The Global Consumer Group provides credit cards; consumer loans and consumer finance services (real estate loans, student loans, auto loans); retail banking and distribution (Citibank branches); and small and middle market commercial business banking. CMB provides securities and banking services such as investments and debt and equity markets; and Transaction services such as cash management, trade services and trust services. GWM offers portfolio management services through Smith Barney Private Client, Citigroup Investment Research and the Citigroup Private Bank. The CAI segment offers private equity and hedge funds services; real estate investment services; and structured products and management services. The company uses the brand CitiFinancial, to advance its consumer finance and community-based lending services throughout North America, Europe and Japan. In May 2008, Citigroup and State Street Corporation agreed to sell CitiStreet to ING Group. CitiStreet is a lending benefits services entity that is jointly owned by Citigroup and State Street. Also in May 2008, the merger between Nikko Cordial Corporation and Citigroup Japan Holdings Ltd. was completed. The surviving business, Nikko Citi Holdings, Inc. will be Citi’s primary Japanese holding company. In July 2008, the firm entered into agreement to sell Citibank Privatkunden AG & Co., a retail banking operation in Germany.
BRANDS/DIVISIONS/AFFILIATES: Smith Barney CitiMortgage Primerica Citibank Global Corporate and Investment Banking Group Citigroup Global Walkth Management Egg Banking PLC Nikko Citi Holdings, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Vikram Pandit, CEO Gary Crittenden, CFO Lisa M. Caputo, Exec. VP-Global Mktg. & Corp. Affairs John L. Donnelly, Head-Human Resources Marty Lippert, CIO Don Callahan, Chief Admin. Officer Robert E. Rubin, Sr. Counselor Marty Lippert, Chief Oper. Officer Terri Dial, Global Head-Consumer Strategy John C. Gerspach, Chief Acct. Officer/Controller John Havens, CEO-Institutional Clients Group James A. Forese, Head-Global Capital Markets Terri Dial, CEO-Consumer Banking North America Ajay Banga, CEO-Asia Pacific Win Bischoff, Chmn. Steven J. Freiberg, CEO-Global Cards
Phone: 212-559-1000 Fax: 212-793-3946 Toll-Free: 800-285-3000 Address: 339 Park Ave., New York, NY 10043 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $124,467,000 2007 Profits: $3,617,000 U.S. Stock Ticker: C 2006 Sales: $96,497,000 2006 Profits: $21,538,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $83,642,000 2005 Profits: $24,589,000 Employees: 387,000 2004 Sales: $79,635,000 2004 Profits: $17,046,000 Fiscal Year Ends: 12/31 2003 Sales: $94,713,000 2003 Profits: $17,853,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 7 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $1,000,000 Second Exec. Salary: $500,000
Bonus: $10,400,958 Bonus: $4,000,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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CITIMORTGAGE INC
www.citimortgage.com
Industry Group Code: 522310 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages Refinancing Home Equity Loans
CitiMortgage, Inc., the mortgage lending unit of Citigroup, Inc., is one of the nation’s leading residential mortgage originators, with over 100 retail branch locations throughout the country. The company offers products to help first-time homebuyers, as well as those interested in building a new home, refinancing or salvaging the equity built up in an existing home through its retail, wholesale, telesales and corporate loan origination channels. CitiMortgage allows customers to apply online, by phone or in person at various locations throughout the country. Its web site provides various tools that help customers choose the right mortgage product, determine how much they can realistically expect to receive, what their rate will be and compare home equity versus refinancing and renting versus buying. In addition, it provides mortgage assistance to relocating employees of many Fortune 500 companies. The firm receives customer referrals from Citigroup and its subsidiaries, which have over 200 million customers. CitiMortgage allows the customers of its sister subsidiary, Smith Barney, a global private wealth management and equity research unit, to use its accounts as collateral for down payments. In March 2007, the company acquired ABN AMRO Mortgage Group, a national provider of residential mortgage loans, from LaSalle Bank Corporation, adding 1.5 million servicing customers and 2,500 wholesale brokers to the company’s portfolio. CitiMortgage employees receive benefits that include tuition reimbursement, formal training packages, mortgage assistance, discount banking services, stock ownership programs, LifeWorks family support, two to four weeks of paid vacation and ten paid holidays per year.
BRANDS/DIVISIONS/AFFILIATES: Citigroup, Inc. Smith Barney ABN AMRO Mortgage Group
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Bill Beckmann, COO Bill Beckmann, Pres.
Phone: 636-261-2484 Fax: 636-261-2387 Toll-Free: 800-667-8424 Address: 1000 Technology Dr., O'Fallon, MO 63368-2240 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company: CITIGROUP INC
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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CITIZENS FINANCIAL GROUP INC
www.citizensbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 48 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 49
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Insurance Business Finance Loans Wholesale Banking Online Stock Brokerage Investment Management
Citizens Financial Group, Inc., a subsidiary of Royal Bank of Scotland, is a U.S. holding company that operates more than 1,600 branch banks and over 3,500 ATMs in the Northeast and Midwest through its subsidiary, Citizens Bank. The firm has $161 billion in assets, operates a branch network encompassing 13 states with non-branch operations in about 40 states and has its largest assets concentrated at the Citizens Bank of Pennsylvania and at its Charter One Bank operation. Various subsidiary operations include Citizens Auto Finance, CCO Mortgage Corporation, CCO Investment Services Corp., RBS Business Capital and RBS Asset Finance. The company offers personal, small business, commercial and investment services. Personal banking services consist of checking and savings accounts, loans, insurance and debit cards. Small businesses are offered checking and savings accounts, loans, business investing and small business insurance, in addition to financial and special services. Similar services are offered to commercial clients, including wholesale banking and specialized industry services. Citizens Financial has experienced rapid growth following its purchase of Medford Bancorp, as well as significant increases in deposits and lending. The company has expanded through a series of acquisitions beginning in 1991. The most recent of these was GreatBanc, Inc. for $1.2 million in 2007. Citizens Financial Group offers its employees reimbursement accounts, adoption assistance, a child care subsidy, discounted home and auto insurance, tuition assistance, a commuter expense reimbursement program and an identity theft protection program, as well as pet insurance.
BRANDS/DIVISIONS/AFFILIATES: Royal Bank of Scotland Citizens Bank Citizens Auto Finance CCO Investment Services Corp. RBS Business Capital RBS Asset Finance GreatBanc, Inc. RBS Citizens
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Ellen Alemany, CEO James G. Connolly, Pres. James B. Fitzgerald, CFO Theresa McLaughlin, Group Exec. VP-Mktg. Evelyn Tressitt, Group Exec. VP/Chief Human Resources Officer William K. Wray, CIO Joel Brickman, General Counsel/Exec. VP Bradford B. Kopp, Group Exec. VP-Corp. Strategy & Dev. Barbara Cottam, Sr. VP/Dir.-Corp. Affairs James B. Fitzgerald, Group Exec. VP-Finance & Acct. Tom Metzger, Group Exec. VP-Risk Mgmt./Chief Risk Officer Brad L. Conner, Vice Chmn.-Consumer Lending Svcs. Dana Drago, Vice Chmn.-Consumer & Bus. Banking Edward O. Handy, Pres., Citizens Real Estate Finance Lawrence K. Fish, Chmn.
Phone: 401-456-7000 Fax: 401-456-7819 Toll-Free: 800-922-9999 Address: 1 Citizens Plaza, 870 Westminster St., 3rd Fl., Providence, RI 02903 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $10,764,000 2007 Profits: $1,489,000 U.S. Stock Ticker: Subsidiary 2006 Sales: $10,279,000 2006 Profits: $1,668,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $8,511,100 2005 Profits: $1,472,500 Employees: 24,000 2004 Sales: $4,118,000 2004 Profits: $1,096,000 Fiscal Year Ends: 12/31 2003 Sales: $3,906,400 2003 Profits: $854,000 Parent Company: ROYAL BANK OF SCOTLAND GROUP PLC (THE, RBS)
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 8 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $463,050 Second Exec. Salary: $165,500
Bonus: $100,000 Bonus: $25,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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CITIZENS REPUBLIC BANCORP INC Industry Group Code: 522110 Ranks within this company's industry group: Sales: 99 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
www.citizensonline.com Profits: 96
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgage Banking Investment Services Financial Planning Services Trust Services Commercial Loans Consumer Loans
Citizens Republic Bancorp Inc. (CRB) is a diversified banking and financial services company. It provides a full range of commercial, consumer, mortgage banking, trust and financial planning services to individuals and businesses in Michigan, Wisconsin and Ohio as Citizens Bank and in Iowa as F&M Bank through 241 offices and 267 ATMs. The company’s Specialty Commercial segment provides lending, depository and related financial services to middle-market corporate, industrial, financial, small business, government and leasing clients. Products and services offered include commercial loans, commercial mortgages, real estate construction lending, letters of credit and small business loans. CRB’s Regional Banking segment includes consumer lending and deposit gathering, small business lending, branch banking, electronic banking and residential mortgage loan origination and servicing. It also offers a variety of retail financial products and services including deposit accounts, direct and indirect installment loans, home equity lines of credit, residential mortgage loans and ATM network services. Consumer loans are primarily composed of automobile, personal, marine, recreational vehicle, home equity and credit card loans. CRB’s Wealth Management segment provides services to high net-worth customers and offers a broad array of asset management, estate settlement and administration, deposit and credit products. Retirement plan services focus on investment management and fiduciary activities with special emphasis on 401(k) plans. CBC offers its employees a 401(k) plan; a pension plan; tuition assistance; life insurance; and medical, dental and vision insurance.
BRANDS/DIVISIONS/AFFILIATES: Citizens Bank F&M Bank Republic Bancorp Inc Citizens Banking Corporation Citizens Bank Wealth Management, N.A.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William R. Hartman, CEO William R. Hartman, Pres. Charles D. Christy, CFO/Exec. VP Susan P. Brockett, Exec. VP-Human Resources Thomas W. Gallagher, General Counsel/Corp. Sec./Sr. VP Jeffrey A. Powell, Chief Acct. Officer/Controller Stephen V. Figliuolo, Corp. Risk Officer/Exec. VP Louise N. O'Connell, General Auditor/Sr. VP Cathleen H. Nash, Exec. VP-Regional & Consumer Banking Martin E. Grunst, Treas./Sr. VP William R. Hartman, Chmn.
Phone: 810-766-7500 Fax: 810-342-7090 Toll-Free: 800-806-1692 Address: 328 S. Saginaw St., Flint, MI 48502 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $930,504 2007 Profits: $100,842 U.S. Stock Ticker: CRBC 2006 Sales: $569,715 2006 Profits: $63,336 Int’l Ticker: Int’l Exchange: 2005 Sales: $516,288 2005 Profits: $80,525 Employees: 2,409 2004 Sales: $488,528 2004 Profits: $76,097 Fiscal Year Ends: 12/31 2003 Sales: $500,796 2003 Profits: $65,951 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $767,678 Second Exec. Salary: $436,769
Bonus: $146,192 Bonus: $116,247
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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CITY NATIONAL CORPORATION
www.cnb.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 86 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 74
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Investment Services Mutual Funds Trust Services Cash Management Loans Retirement Products Equipment Leasing
City National Corporation is a holding company for City National Bank, a major independent commercial bank in California. The company has 62 offices, including 15 fullservice regional centers, located in California and New York City for personal and business banking, with a client base of small to mid-sized businesses, entertainment industry clients, entrepreneurs, professionals and affluent individuals (those with $1 million or more of assets to invest). Services include commercial banking products, wealth management, loans, financing, trust services, securities trading, equipment leasing and investment and retirement products. The company and its affiliates manage more than $58 billion of client trust and investment assets. Subsidiaries City National Investments, Convergent Capital Management, Wealth Management and Reed, Conner, & Birdwell, LLC offer personal and employee benefit trust services, brokerage services, engage in securities sales and trading and provide estate, financial and custodial services to clients. CNI Charter Funds manages and offers mutual funds for the bank. In May 2007, the company announced the completion of its acquisition of Lydian Wealth Management, a national leader in serving ultra-affluent individuals and family offices. In September 2008, the company launched City national Preferred Banking, a banking package dedicated to affluent clients in California and New York, with personal banking advice and numerous preferred-rate accounts.
BRANDS/DIVISIONS/AFFILIATES: City National Bank City National Investments Reed, Connor & Birdwell LLC (RCB) CNI Charter Funds Convergent Capital Management LLC Wealth Management
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Russell Goldsmith, CEO Russell Goldsmith, Pres. Christopher J. Carey, CFO/Exec. VP Thomas R. Miller, Exec. VP-Mktg. Marianne Lamutt, Exec. VP-Human Resources John Beale, CIO/Exec. VP Michael B. Cahill, Exec. VP/General Counsel/Corp. Sec. Christopher J. Warmuth, Exec. VP/Pres., City National Bank Rod Banks, Exec. VP-Commercial Banking Svcs. Robert H. Brant, Exec. VP-Core Banking Division Brian Fitzmaurice, Exec. VP/Chief Credit Officer Bram Goldsmith, Chmn.
Phone: 213-833-4715 Fax: 213-833-4702 Toll-Free: 800-773-7100 Address: 400 N. Roxbury Dr., Beverly Hills, CA 90210 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,198,677 2007 Profits: $222,713 U.S. Stock Ticker: CYN 2006 Sales: $1,073,358 2006 Profits: $233,523 Int’l Ticker: Int’l Exchange: 2005 Sales: $926,741 2005 Profits: $234,735 Employees: 2,959 2004 Sales: $788,600 2004 Profits: $206,300 Fiscal Year Ends: 12/31 2003 Sales: $752,950 2003 Profits: $186,677 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing: Y
Top Exec. Salary: $978,528 Second Exec. Salary: $465,000
Bonus: $875,848 Bonus: $250,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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CNB CORPORATION
www.cnbismybank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 149 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 137
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Commercial & Consumer Lending Credit Cards
CNB Corporation is the holding company for the Citizens National Bank of Cheboygan, which operates seven branch locations, two drive-in facilities and 11 automated teller machines in Cheboygan, Emmet and Presque Isle counties in Michigan. The bank offers a full range of banking services, including checking, NOW accounts, savings, time deposit accounts, money market deposit accounts, safe deposit facilities and money transfers to individuals, partnerships, corporations and other entities. Its loan products include real estate mortgages, secured and unsecured commercial and consumer loans, lines of credit, home equity loans and construction financing. In addition, it participates in specialty loan programs through the Michigan State Housing Development Authority, Federal Home Loan Mortgage Corporation, Mortgage Guaranty Insurance Corporation, Farm Service Agency and Small Business Administration. Under various agency relationships, the company offers credit cards and student loans. The bank maintains correspondence relationships with several larger banks, which involve check clearing operations, transfer of funds, loan participations, and the purchase and sale of federal funds and other similar services. CNB also operates CNB Mortgage Corporation as a subsidiary of the bank. CNB Mortgage handles the management of all of the bank’s residential mortgages.
BRANDS/DIVISIONS/AFFILIATES: Citizens National Bank of Cheboygan CNB Mortgage
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Susan A. Eno, CEO Susan A. Eno, Pres. Randy J. Maltby, CTO Shanna L. Hanley, VP/Sr. Controller Douglas W. Damm, Sr. VP/Sr. Loan Officer Stephen Crusoe, VP-Mortgages Marian Harrison, VP-Commercial Loans Christina Sweet, Mgr.-Internal Audit Vincent J. Hillesheim, Chmn.
Phone: 231-627-7111 Fax: 231-627-7283 Toll-Free: 888-627-7800 Address: 303 N. Main St., Cheboygan, MI 49721 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $17,884 2007 Profits: $3,088 U.S. Stock Ticker: CNBZ 2006 Sales: $16,995 2006 Profits: $3,323 Int’l Ticker: Int’l Exchange: 2005 Sales: $15,172 2005 Profits: $3,288 Employees: 80 2004 Sales: $14,084 2004 Profits: $2,955 Fiscal Year Ends: 12/31 2003 Sales: $908,300 2003 Profits: $149,900 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 11 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $165,000 Second Exec. Salary: $127,550
Bonus: $63,604 Bonus: $17,404
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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CNG FINANCIAL CORP
www.checkngo.com
Industry Group Code: 522390 Ranks within this company's industry group: Sales: 2 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Payday Loans Check Cashing
CNG Financial Corp. is the parent company of Check ‘n Go, a provider of short term loans, check cashing and other services. Through over 1,350 locations in 30 states and Washington, D.C., the company allows customers to write postdated checks for which it will provide cash. Since no credit check is required, CNG’s services are available to people who may otherwise be unable to obtain loans, typically working-class individuals. However, the structure of Check ‘n Go’s otherwise unsecured loans ensures that only those with both a checking account and a regular source of income are issued loans. Advances of this type are usually from $50 to $500 when made from a storefront and between $100 and $1,000 when made online. Advances come with a finance fee, the amount of which is typically the maximum amount allowed by the law of the state in which they are issued. Check ‘n Go uses the services of a number of banks around the country, through which its loans are offered. Online loans are made by First Bank of Delaware; North Carolina loans are made by County Bank of Rehoboth Beach, Delaware; Pennsylvania loans are made by Reliabank Dakota in Watertown, South Dakota; and Texas loans are made by Midwest R&S Corporation or NCP Finance Limited Partnership. The company offers its employees benefits that include health, dental and vision insurance; a 401(k) plan; and paid vacation time.
BRANDS/DIVISIONS/AFFILIATES: Check ‘n Go
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Jared A. Davis, Pres. Stephen Curtis, CFO John Rabenold, VP-Gov't Affairs Dawn Campbell Giesman, Media Contact A David Davis, Pres./CEO-Check 'n Go
Phone: 513-336-7735 Fax: 513-573-4680 Toll-Free: Address: 5155 Financial Way, Mason, OH 45040 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $358,800 2007 Profits: $ U.S. Stock Ticker: Private 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 3,000 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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COINSTAR INC
www.coinstar.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 13 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 12
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Coin Exchange Machines E-Payment Services Entertainment Machines Vending Machines
Coinstar, Inc. is primarily a manufacturer and marketer of coin exchange machines. The firm also manufactures entertainment products such as skill-cranes, bulk vending machines and kiddie rides; Coinstar additionally offers epayment services, such as money transfer services, prepaid wireless products, stored value cards, payroll cards and prepaid debit cards. The firm also offers self-service DVD kiosks where customers can rent or purchase movies. Coinstar owns approximately 15,400 coin exchange machines, of which 10,700 are e-payment enabled, and 280,000 entertainment machines, located in the U.S., Puerto Rico, Canada and the U.K. The company also has more than 17,500 point-of-sale terminals for e-payment services in the U.S. and U.K., and 30,000 locations that offer money transfer services. The company’s coin and entertainment machines often appear in Kroger, Wal-Mart, Kmart and other retailers. Its coin machines, which can process up to 600 coins per minute, exchanged over $2.9 billion in coins in 2007, typically withdrawing an 8.9% processing fee per transaction. The machines usually print a voucher that must be cashed at the retail establishment housing the machine, with the firm later reimbursing the establishment. However, Coinstar has recently begun offering gift cards and eCertificates for nationally recognized brands and retailers such as iTunes, Amazon.com, DisneyShopping.com and Borders. If the customer chooses the gift card option instead of cash, there is no processing fee. Coinstar machines also have a donation option that works in partnership with the American Red Cross, World Wildlife Fund and other organizations. There is no processing fee for this service; and customers receive a receipt for the tax-deductible transaction. The company’s entertainment products are installed in more than 27,000 retail locations, totaling more than 280,000 pieces of equipment. In January 2008, the company gained majority ownership of Redbox Automated Retail, LLC, the DVD kiosk rental company.
BRANDS/DIVISIONS/AFFILIATES: Redbox Automated Retail, LLC
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. David W. Cole, CEO Paul D. Davis, COO Brian Turner, CFO Jim Blakely, Sr. VP-Sales Christi Liebe, VP-IT Carl Poteete, VP-Mfg. Don Rench, General Counsel/Corp. Sec. John Reilly, Sr. VP-Oper. Rich Deck, Chief Acct. Officer Steve Verleye, Sr. VP/Gen. Mgr.-E-Pay Alex Camara, Sr. VP/Gen. Mgr.-Worldwide Coin
Phone: 425-943-8000 Fax: 425-637-8030 Toll-Free: 800-928-2274 Address: 1800 114th Ave. SE, Bellevue, WA 98004 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $546,297 2007 Profits: $-22,253 U.S. Stock Ticker: CSTR 2006 Sales: $534,442 2006 Profits: $18,627 Int’l Ticker: Int’l Exchange: 2005 Sales: $459,739 2005 Profits: $22,272 Employees: 1,900 2004 Sales: $307,100 2004 Profits: $20,368 Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $474,653 Second Exec. Salary: $364,000
Bonus: $254,762 Bonus: $162,690
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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COLONIAL BANCGROUP INC
www.colonialbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 78 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 80
Credit Cards: VISA/MC/Amex: Private Label Cards: Y
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Real Estate Investment Services Insurance Products Trust Services Wealth Management Mutual Funds Annuities
Colonial BancGroup, Inc. is a bank holding company for Colonial Bank, which manages more than 320 branches throughout Florida, Alabama, Georgia, Texas and Nevada. The bank provides demand, savings and time deposit products; extensions of credit through personal, commercial and mortgage loans within each of its market areas; cash management, electronic banking, credit card and merchant services; and wealth management services. Wealth management services include trust services and the sales of investment products, such as mutual funds, annuities, stocks, municipal bonds and U.S. government securities. The company also operates several non-banking subsidiaries. Colonial BancGroup Building Corp. owns and leases buildings and land used by the bank. Colonial Capital II, Colonial Capital Trust III, Colonial Capital Trust IV, PCB Statutory Trust I and II and MBI Capital Trust issue trustpreferred securities guaranteed by Colonial BancGroup. Subsidiary Colonial Brokerage, Inc. provides full service and discount brokerage services and investment advice. CBG Investments, Inc. owns and manages investment securities. Colonial Investment Services, Inc., along with Colonial Investments Services of Florida, Tennessee, Nevada and Georgia, offers various insurance products and annuities for sale to the public. In addition, the bank conducts business through Colonial Asset Management, Inc., an investment advisor. Colonial Bancgroup offers its employees a pension plan; a 401(k); and a profit sharing plan.
BRANDS/DIVISIONS/AFFILIATES: Colonial Bank Colonial BancGroup Building Corp. Colonial Brokerage, Inc. CBG Investments, Inc. Colonial Asset Management, Inc. P.C.B Bancorp, Inc. Union Bank of Central Florida FFLC Bancorp, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert E. Lowder, CEO Patti G. Hill, COO/Sr. Exec. VP Robert E. Lowder, Pres. Sarah H. Moore, CFO/Sr. Exec. VP David B. Byrne, Jr., General Counsel/Corp. Sec./Exec. VP T. Brent Hicks, Chief Accounting Officer/ Sr. VP Caryn D. Cope, Sr. Exec. VP/Chief Credit Officer Robert E. Lowder, Chmn.
Phone: 334-676-5000 Fax: Toll-Free: Address: 100 Colonial Bank Blvd, Montgomery, AL 36117 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,778,715 2007 Profits: $180,925 U.S. Stock Ticker: CNB 2006 Sales: $1,644,807 2006 Profits: $265,813 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,374,738 2005 Profits: $228,502 Employees: 4,646 2004 Sales: $1,001,611 2004 Profits: $172,877 Fiscal Year Ends: 12/31 2003 Sales: $908,300 2003 Profits: $149,900 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing: Y
Top Exec. Salary: $1,158,041 Second Exec. Salary: $428,904
Bonus: $297,359 Bonus: $297,359
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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COLUMBIA BANK (THE)
www.thecolumbiabank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Residential Development & Construction Loans Home Equity Loans Cash Management
The Columbia Bank, a wholly-owned subsidiary of Fulton Financial Corp. with over $1.7 billion in assets, has more than 27 branches serving Anne Arundel, Baltimore, Frederick, Howard, Montgomery and Prince George's counties in Maryland. The bank offers a wide range of personal banking and commercial services to individuals and small to medium-sized businesses. The bank’s retail services consist of transaction and savings accounts; certificated of deposit; retirement accounts; free access to almost 280 24 hour ATMs in the Mid-Atlantic region; telephone and Internet banking; home equity loans and lines of credit; residential construction and first mortgage loans; and credit card and investment services. Commercial services include a variety of demand, term and time loans; loans for real estate acquisition; cash management services; direct deposit services; and letters of credit. In September 2008, the firm announced it was merging two of its sister banks, Hagerstown Trust Company and The Peoples Bank of Elkton, into The Columbia Bank. This merger, with The Columbia Bank as the surviving corporation, will increase the company’s assets to approximately $2.4 billion, will add 13 branches, and incorporate Cecil and Washington counties in Maryland and Franklin County in Pennsylvania to its service area. The company offers its employees medical, dental and vision insurance; life insurance; short- and long-term disability insurance; a 401(k) plan; education assistance; subsidized health club memberships; discounted banking services; and an employee assistance program.
BRANDS/DIVISIONS/AFFILIATES: Fulton Financial Corp Hagerstown Trust Company Peoples Bank of Elkton (The)
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John A. Scaldara, Jr., CEO John A. Scaldara, Jr., Pres. John M Bond Jr, Chmn.
Phone: 410-423-8000 Fax: Toll-Free: Address: 7168 Columbia Gateway Dr., Columbia, MD 21046 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 302 2004 Sales: $64,344 2004 Profits: $13,285 Fiscal Year Ends: 2003 Sales: $60,376 2003 Profits: $11,904 Parent Company: FULTON FINANCIAL CORP
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $400,000 Second Exec. Salary: $214,000
Bonus: $75,000 Bonus: $75,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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COMDATA CORP
www.comdata.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 14 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Electronic Funds Transfers Transaction Processing Stored-Value Cards Inter-Tax, Inc HQ Gift Cards, LLC Stored Value Systems (SVS International) International Retail
Comdata Corp., a subsidiary of the Ceridian Corp., processes financial data transactions. It specializes in trustenabled payment transactions, based on an individual company's business rules, which include controlled spending, purchasing, payroll, cash card and other similar transactions. Based in Brentwood, Tennessee, the company is credited with the 1981 introduction of the first electronic fund distribution system for the transportation industry. Comdata is currently separated into six divisions: Transportation, Business Fleet Services, Merchant Services, Stored Value Systems, Payment Services and International Retail. The transportation division issues the Comdata card, which allows trucking companies to deliver payroll, fuel and settlement money to professional truck drivers on the road. The card is held by over a million professional truck drivers and is used to transfer over $12 billion in funds every year. Business Fleet Services assists local fleets owned by a variety of businesses outside the transport industry, while Merchant Services connects travel centers and truck stops with Comdata’s payments systems. Stored Value Systems (SVS International) and International Retail are both devoted to providing retailers with gift card, loyalty and other customer incentive programs using the company’s electronic card systems. The Payment Services division helps businesses of all types reduce payroll distribution costs up to 40% through a card-based payroll system. Comdata’s network has touch points in more than 30 countries worldwide. In March 2007, the company acquired Inter-Tax, Inc., a provider of paperless fuel tax services. The firm offers its employees medical, dental and vision insurance; a 401(k) plan; educational assistance; a scholarship program for associates’ children; short- and longterm disability insurance; life insurance; discounted auto, homeowners and renters insurance; and an employee assistance program.
BRANDS/DIVISIONS/AFFILIATES: Ceridian Corp Stored Value Systems SVS International Comdata International Retail Inter-Tax, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Brett Rodewald, Pres. Kedran Whitten, Sr. VP-Mktg. & Prod. Mgmt. Tracey Power, Sr. VP-Human Resources Lisa Peerman, General Counsel/Sr. VP/Corp. Sec. Randy Pitman, Exec. VP-Finance Scott Phillips, Exec. VP/Gen. Mgr.-Corp. Payment Solutions Joe Daly, Sr. VP/Gen. Mgr.-Merchant Svcs. Walt Hannabass, Sr. VP-Credit & Collections Keela Wofford, VP-Financial Svcs.
Phone: 615-370-7000 Fax: 615-370-7209 Toll-Free: 800-266-3282 Address: 5301 Maryland Way, Brentwood, TN 37027 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $411,600 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $408,900 2005 Profits: $ Employees: 1,814 2004 Sales: $356,000 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $319,700 2003 Profits: $ Parent Company: CERIDIAN CORP
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan: Y
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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COMERICA INC
www.comerica.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 64 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 58
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Insurance Credit Cards Investment Banking Mortgage Banking Mutual Fund Services Private Banking Financial Planning Services
Comerica, Inc. is a bank holding company for Comerica Bank and various subsidiary operations throughout the U.S., Canada and Mexico. The company has approximately $62.3 billion in assets and approximately 482 customer service locations. The company is divided into three segments: business bank, retail bank and wealth and institutional management. Its business bank segment comprises its middle market, commercial real estate, national dealer services, international finance, global corporate, leasing, financial services and technology and life sciences businesses. The business segment serves medium-sized businesses, multinational corporations and governmental entities, with offerings including commercial loans and lines of credit; deposits; cash management; capital market products; international trade finance; letters of credit; foreign exchange management services; and loan syndication services. Comerica’s retail bank segment includes small business banking and personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. The segment additionally offers such consumer products as deposit accounts, installment loans, credit cards, student loans, home equity lines of credit and residential mortgage loans. The firm’s wealth and institutional management segment offers fiduciary services; private banking; retirement services; investment management and advisory services; investment banking; and discount securities brokerage services. The segment also offers the sale of annuity products, as well as life, disability and long-term care insurance products. Comerica’s finance division includes its securities portfolio and asset and liability management activities. The segment is responsible for managing the firm’s funding; liquidity and capital needs; performing interest sensitivity analysis; and executing various strategies to manage its exposure to liquidity, interest rate risk and foreign credit exchange risk. Comerica offers its employees tuition reimbursement; employee assistance and wellness programs; flexible spending accounts; and medical, dental and vision insurance.
BRANDS/DIVISIONS/AFFILIATES: Comerica Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Ralph W. Babb, Jr., CEO Ralph W. Babb, Jr., Pres. Elizabeth S. Acton, CFO/Exec. VP Jacquelyn H. Wolf, Chief Human Resources Officer/Exec. VP John R. Beran, CIO/Exec. VP Jon W. Bilstrom, Exec VP-Legal Affairs, Governance & Regulatory Rel Michael H. Michalak, Sr. VP-Corp. Planning, Dev. & Risk Mgmt. Joseph J. Buttigieg, III, Vice Chmn-The Business Bank Connie Beck, Exec. VP-The Retail Bank David E. Duprey, Exec. VP/Gen. Auditor Linda D. Forte, Sr. VP-Bus. Affairs Ralph W. Babb, Jr., Chmn.
Phone: 214-969-6476 Fax: 313-965-4648 Toll-Free: 800-522-2265 Address: 1717 Main St., Dallas, TX 75201 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $4,618,000 2007 Profits: $686,000 U.S. Stock Ticker: CMA 2006 Sales: $4,290,000 2006 Profits: $893,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $3,668,000 2005 Profits: $861,000 Employees: 10,129 2004 Sales: $3,094,000 2004 Profits: $757,000 Fiscal Year Ends: 12/31 2003 Sales: $3,299,000 2003 Profits: $661,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 6 Hot Spot for Advancement for Women/Minorities: Y
Y Y
Profit Sharing:
Top Exec. Salary: $960,000 Second Exec. Salary: $650,000
Bonus: $2,016,000 Bonus: $1,176,500
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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COMMERCE BANCSHARES INC
www.commercebank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 81 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 77
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Construction Loans Real Estate Insurance Venture Capital Leasing Brokerage Services
Commerce Bancshares, Inc. is a bank holding company that owns three banking associations in Missouri, Kansas and Nebraska, all operating under the name Commerce Bank, N.A. The Nebraska bank’s activities are limited to issuing credit cards. The Kansas and Missouri banks offer a range of retail, corporate, investment, trust, and asset management products and services to individuals and businesses. The company also owns, directly or through its subsidiaries, several non-banking companies whose activities include real estate leased to Commerce Bancshares’ banking subsidiaries; brokerage; mortgage banking; leasing activities; venture capital investment; and several insurance services. Additionally, the firm owns a second tier holding company, which owns the Kansas and Missouri banking companies. Commerce Bancshares is divided into three operating segments. The consumer segment consists of the retail branch network; consumer installment lending; personal mortgage banking; bank card activities; student lending; and discount brokerage services. This section offers services through 204 full-service banking locations; Internet and telephone banking; and 400 ATMs. The commercial section offers a variety of corporate lending; leasing; international services; and business and government deposit and cash management services. The money management division provides trust and estate tax planning services, as well as investment portfolio management advisory services. This section is also responsible for managing the firm’s proprietary mutual funds. In January 2008, Community National Bank (CNB) entered into agreement to acquire the Commerce Bank locations and ATMs in Independence, Kansas. Employees of Commerce Bancshares are offered a 401(k) plan; a pension plan; an employee assistance program; tuition assistance; medical, vision and dental coverage; paid medical leave, a company paid life insurance policy; long term disability; optional long term care insurance; optional supplemental cancer insurance; pre-tax spending accounts for medical and dependent care expenses; and a child adoption assistance program.
BRANDS/DIVISIONS/AFFILIATES: Commerce Bank, N.A. South Tulsa Financial Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. David W. Kemper, CEO David W. Kemper, Pres. A. Bayard Clark, CFO/Exec. VP Robert J. Rauscher, Dir.-Info. Svcs. Robert J. Rauscher, Sr. VP/Dir.-Oper. Seth M. Leadbeater, CEO-Commerce Bank, St. Louis Kevin G. Barth, COO/Exec. VP/Pres., Commerce Bank, Kansas City V. Raymond Stranghoener, Exec. VP/Pres., The Commerce Trust Co. David W. Kemper, Chmn.
Phone: 816-234-2000 Fax: 816-234-2019 Toll-Free: 800-892-7100 Address: 1000 Walnut, Kansas City, MO 64106 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,315,916 2007 Profits: $206,660 U.S. Stock Ticker: CBSH 2006 Sales: $1,193,927 2006 Profits: $219,842 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,038,765 2005 Profits: $223,247 Employees: 5,128 2004 Sales: $937,021 2004 Profits: $220,341 Fiscal Year Ends: 12/31 2003 Sales: $919,077 2003 Profits: $206,524 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $811,625 Second Exec. Salary: $418,725
Bonus: $516,500 Bonus: $192,500
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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COMMERZBANK AG
www.commerzbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 22 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 39
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Business Finance Online Brokerage Asset Management Real Estate Banking Investment Banking IT Services Securities
Commerzbank AG is one of Germany’s largest banks and has nearly 8 million customers worldwide. It provides corporate and institutional banking, retail banking, and real estate and investment banking services. The company’s domestic operations serve nearly 4 million private customers through a network of approximately 800 branches in Germany, Commerzbank Telephone Banking and its commerzbank.com online brokerage unit. The company’s retail banking and asset management division serves private customers and offers them asset management, credit operations, private banking and retail banking services. The corporate and investment banking division serves financial institutions and multinational corporations, offering corporate banking, global credit operations, real estate and securities services. Commerzbank’s services division provides global operations with investment banking, IT development, IT investment banking, IT production, IT support and transaction banking. Internationally, it has a presence in more than 40 countries. The firm’s activities are primarily concentrated in Europe through Caisse Centrale de Reescompte S.A. (Paris) and Jupiter International Group plc (London). In Asia, it operates through Commerz (East Asia) Ltd., Hong Kong. In November 2007, the firm acquired 100% of Hypothekenbank in Essen AG (Essen Hyp). In August 2008, Commerzbank entered into an agreement to acquire another leading German bank, Dresdner Bank AG, which is currently owned by Allianz SE. The purchase price is approximately $12 billion. Allianz will become the largest shareholder in Commerzbank. The deal will be completed by the end of 2009. The new business segments created in the deal will focus on Private and Business Customers, Mittelstandsbank, Central and Eastern Europe, Commercial Real Estate and Corporates & Markets. In September 2008, the company opened a representative office in Tripoli, Libya.
BRANDS/DIVISIONS/AFFILIATES: Commerzbank Telephone Banking Essen Hyp. Caisse Centrale de Reescompte SA Jupiter International Group plc Commerz (East Asia) Ltd Hong Kong TA Associates Inc Dresdner Bank AG Allianz SE
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Martin Blessing, Chmn.-Managing Board Frank Annuscheit, COO Eric Strutz, Dir.-Human Resources Frank Annuscheit, CIO Martin Zielke, Dir.-Group Finance Wolfgang Hartmann, Dir.-Risk Control Eric Strutz, Dir. Internal Auditing Markus Beumer, Dir.-Corp Banking & Financial Institutions Wolfgang Hartmann, Dir.-Global Credit Oper. Klaus-Peter Muller, Chmn.-Supervisory Board
Phone: 49-69-136-20 Fax: 49-69-28-53-89 Toll-Free: Address: Kaiserplatz, Frankfurt am Main, D-60261 Germany
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $39,980,000 2007 Profits: $2,800,000 U.S. Stock Ticker: CRZBF 2006 Sales: $29,400,000 2006 Profits: $2,000,000 Int’l Ticker: CBK Int’l Exchange: Frankfurt-Euronext 2005 Sales: $20,721,000 2005 Profits: $1,447,600 Employees: 33,056 2004 Sales: $18,463,000 2004 Profits: $488,800 Fiscal Year Ends: 12/31 2003 Sales: $18,889,500 2003 Profits: $-2,912,100 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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COMMONWEALTH BANK OF AUSTRALIA Industry Group Code: 522110 Ranks within this company's industry group: Sales: 42 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
www.commbank.com.au
Profits: 29
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Trust Services Consumer Loans Business Finance Credit Cards Online Banking & Brokering Investment & Insurance Products & Services Asset Management Services
Commonwealth Bank of Australia (CBA) is one of Australia’s leading financial institutions, providing banking and insurance products to corporate, business and retail customers in Asia, New Zealand and Fiji. The company’s retail banking services include home loans, credit cards, personal loans, transaction accounts, retail deposit accounts and discount stockbrokerage. The firm also offers a full range of commercial products including business loans, equipment and trade finance, and rural and agribusiness products. The premium business services division serves corporations, government entities and other major institutions. It provides corporate customers with financial market services, securities underwriting, trading and distribution, corporate finance, equities, payments and transaction services, investment management and custody services. The division includes online broker, CommSec. In addition, the firm’s wealth management services bring together CBA’s funds management, master funds, superannuation and insurance businesses. These include Colonial First State, Commonwealth Investment Management, Colonial Insurance, CommInsure and thirdparty support services for brokers, agents and financial advisers under existing brands. The international financial services division serves the Asia Pacific region, operating retail banking branches in New Zealand, Fiji and Indonesia and expanding its presence in China and India. In addition to CommSec, the company operates an online banking service called NetBank. The financial planning banking division offers financial services and banking solutions to Australia's financial planning industry. In April 2008, CBA announced the launch of a specialist healthcare banking division. In August 2008, the company opened its first Vietnam branch in Ho Chi Minh City. Also in 2008, CBA agreed to acquire a 33% share in Aussie Home Loans and the Bank of Western Australia Limited and St. Andrews Australia Pty Ltd. The company offers its employees private health insurance; an employee assistance program; and discounts and deals through the firm’s ibuy site.
BRANDS/DIVISIONS/AFFILIATES: Colonial First State Commonwealth Investment Management Colonial Insurance CommInsure NetBank CommSec EzyBanking IWL Limited
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Ralph Norris, CEO David Craig, CFO Barbara Chapman, Group Exec.-Human Resources Michael Harte, CIO David Cohen, General Counsel Stuart Grimshaw, Group Exec.-Premium Bus. Svcs. Grahame Petersen, Group Exec.-Wealth Management Ross McEwan, Group Exec.-Retail Banking Svcs. Barbara Chapman, Group Exec.-Group Svcs. John M. Schubert, Chmn. Garry Mackrell, Group Exec.-Int'l Financial Svcs.
Phone: 61-2-9378-2000 Fax: 61-2-9378-3317 Toll-Free: Address: 48 Martin Place, Level 1, Sydney, NSW 1155 Australia
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $14,477,200 2007 Profits: $4,067,700 U.S. Stock Ticker: CBAUF 2006 Sales: $13,579,000 2006 Profits: $3,574,500 Int’l Ticker: CBA Int’l Exchange: Sydney-ASX 2005 Sales: $16,445,500 2005 Profits: $2,715,800 Employees: 37,873 2004 Sales: $15,176,300 2004 Profits: $1,774,200 Fiscal Year Ends: 6/30 2003 Sales: $12,516,500 2003 Profits: $1,341,600 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Y Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $682,588 Second Exec. Salary: $668,336
Bonus: $217,528 Bonus: $210,027
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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COMMUNITY BANK SYSTEM
www.communitybankna.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 137 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 125
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Trust Services Consumer Loans Business Finance Credit Cards Asset Management Services Employee Benefit Plan Management Mortgages
Community Bank System, Inc. (CBSI) is a bank holding company with approximately $4.6 billion in assets and, through its Community Bank, N.A. subsidiary, operates over 131 facilities throughout upstate New York and northeastern Pennsylvania. The company operates in Pennsylvania as its First Liberty Bank and Trust (FLB) division. Community Bank offers a range of commercial and retail banking services, including checking and savings accounts; consumer and business loans; mortgages; credit card issuing; trust services; individual retirement accounts; equipment leasing services; and estate planning. Other CBSI subsidiaries include Benefit Plans Administrative Services, Inc. (BPAS); CFSI Closeout Corp.; and First of Jermyn Realty Co. BPAS owns two subsidiaries, Benefit Plans Administrative Services LLC and Harbridge Consulting Group LLC. BPAS provides administration, consulting and actuarial services to sponsors of employee benefit plans. Community Bank also operates the following subsidiaries. Community Investment Services, Inc. provides broker-dealer and investment advisory services. CBNA Treasury Management Corporation operates the cash management, investment and treasury functions of the bank. CBNA Preferred Funding Corporation invests in residential real estate loans. Elias Asset Management, Inc. offers asset management services to individuals, corporate pension and profit sharing plans and foundations. Finally, First Liberty Service Corporation provides banking-related services to the Pennsylvania branches of the bank. In May 2007, BPAS acquired Hand Benefits & Trust, Inc., which also provides employee benefit plan administration and trust services. In June 2007, Community Bank, N.A. acquired TLNB Financial Corp., which operates the five branches of Tupper Lake National Bank, for approximately $17.6 million. In June 2008, CBNA has agreed to acquire 18 branch-banking centers in northern New York from Citizens Financial Group, Inc. In July 2008, the company acquired from BenefitStreet, Inc. the Philadelphia division of Alliance Benefit Group MidAtlantic.
BRANDS/DIVISIONS/AFFILIATES: Community Bank, N.A. First Liberty Bank and Trust Benefit Plans Administrative Services, Inc. CFSI Closeout Corp. First of Jermyn Realty Co. Harbridge Consulting Group LLC ONB Corporation ES&L Bancorp, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Mark E. Tryniski, CEO Mark E. Tryniski, Pres. Scott A. Kingsley, CFO/Exec. VP Harold Wentworth, Sr. VP/Dir.-Sales & Mktg. Bernadette R. Barber, Chief Human Resources Officer/Sr. VP J. Michael Wilson, CTO/Sr. VP George J. Getman, General Counsel/Exec. VP Robert P. Matley, Pres., Pennsylvania Banking Brian D. Donahue, Chief Banking Officer/Exec. VP J. David Clark, Chief Credit Officer/Sr. VP Joseph J. Lemchak, Chief Investment Officer/Sr. VP Paul M. Cantwell, Jr., Chmn.
Phone: 315-445-2282 Fax: 315-445-0904 Toll-Free: 800-724-2262 Address: 5790 Widewaters Pkwy., DeWitt, NY 13214-1883 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $319,497 2007 Profits: $42,891 U.S. Stock Ticker: CBU 2006 Sales: $283,580 2006 Profits: $38,377 Int’l Ticker: Int’l Exchange: 2005 Sales: $280,040 2005 Profits: $50,805 Employees: 1,453 2004 Sales: $257,240 2004 Profits: $50,196 Fiscal Year Ends: 12/31 2003 Sales: $191,129 2003 Profits: $40,380 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y Y
Profit Sharing: Y
Top Exec. Salary: $416,000 Second Exec. Salary: $356,731
Bonus: $160,000 Bonus: $67,791
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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COMPASS BANCSHARES INC
www.compassweb.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Insurance Products Discount Brokerage Lease-Financing Services Mutual Funds Annuities Operational Services Investment Services
Compass Bancshares, a subsidiary of Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), is a holding company for Compass Bank. Compass Bank provides checking, savings, deposit accounts, trusts and insurance products through about 584 bank offices in Alabama, Arizona, Colorado, Florida, New Mexico and Texas. The firm offers five main lines of services: Corporate Banking, Retail Banking, Community Banking, Consumer Finance and Wealth Management. The bank’s Compass Brokerage, Inc. subsidiary also provides discount brokerage services, mutual funds and variable annuities to individuals and businesses. Another subsidiary, Compass Financial Corp., offers lease-financing services to individuals and businesses. Compass Insurance Agency provides insurance products to customers of the bank and owns real estate for bank premises. Another subsidiary of Compass Bancshares, Central Bank of the South is a banking corporation headquartered in Alabama with limited activities. In July 2007, the company acquired Capital Investment Counsel, Inc., a Denver, Colorado-based investment advisory company. In September 2007, Compass Bancshares was acquired by BBVA, a financial group with operations in over 30 countries, for $9.6 billion. In March 2008, the firm consolidated State National under the BBVA Compass brand name within Compass Bank. In August 2008, Texas State Bank was integrated into Compass Bank, under the BBVA Compass brand name. Compass Bancshares offers its employees an employee assistance plan, adoption assistance, a 401(k) plan, a retirement plan, discounted banking services, tuition assistance, dependent scholarships, group recreational activities, flexible schedules and health, dental and vision insurance.
BRANDS/DIVISIONS/AFFILIATES: Compass Bank Compass Brokerage, Inc. Compass Financial Corp. Compass Insurance Agency Central Bank of the South TexasBanc Holding Co. Capital Investment Counsel, Inc. Banco Bilbao Vizcaya Argentaria SA
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Garrett R. Hegel, CEO Garrett R. Hegel, Pres. Isabel Goiri, CFO E. Lee Harris, Jr., Exec. VP-Human Resources Clayton D. Pledger, CIO Clayton D. Pledger, Exec. VP-Tech. Jerry W. Powell, General Counsel/Corp. Sec. Clayton D. Pledger, Exec. VP-Oper. Alvaro Aguilar, Sr. VP/Dir.-Dev. & Innovation Thomas Graham, Exec. VP-Comm. & Image Shelaghmichael Brown, Exec. VP-Consumer Finance James D. Barri, Exec. VP-Retail Banking George M. Boltwood, Sr. Exec. VP-Corp. Banking Gregory P. Deming, Chief Risk Officer/Exec. VP-Corp. Risk Mgmt. William C. Helms, Exec. VP-Wealth Mgmt. Group Jose Maria Garcia Meyer-Dohner, Chmn.
Phone: 205-297-3000 Fax: 205-297-7363 Toll-Free: Address: 15 S. 20th St., Birmingham, AL 35233 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $2,770,700 2006 Profits: $460,400 Int’l Ticker: Int’l Exchange: 2005 Sales: $2,207,065 2005 Profits: $401,830 Employees: 8,400 2004 Sales: $1,902,169 2004 Profits: $360,185 Fiscal Year Ends: 12/31 2003 Sales: $1,803,514 2003 Profits: $341,868 Parent Company: BANCO BILBAO VIZCAYA ARGENTARIA SA
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $975,000 Second Exec. Salary: $479,172
Bonus: $1,535,625 Bonus: $392,634
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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COMPUCREDIT CORPORATION
www.compucredit.com
Industry Group Code: 522210 Ranks within this company's industry group: Sales: 6 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 6
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Credit Card Issuing Insurance Auto Financing Financial Services
Compucredit Corporation provides and markets branded credit cards and related products in high risk markets. It operates through five reportable segments: credit cards; investments in previously charged-off receivables; retail micro-loans; auto financing; and other. The credit cards segment specializes in purchasing and managing credit card receivables for customers with low FICO (Fair Isaac Co.) scores. Some of these acquisitions of receivables in recent years came from the purchase of a 62.5% interest in Embarcadero Holdings, LLC; a 75.1% interest in Bluestem Holdings, LLC; a 33.3% interest in Transistor Holdings, LLC; a 47.5% interest in Rapid City Holdings, LLC; and a 61.25% interest in GSG, LLC. These joint-venture companies were formed in conjunction with acquiring credit card receivables. The investments in previously charged-off receivables segment consists of subsidiary Jefferson Capital Systems, LLC, which acquires and sells previously charged-off credit card receivables including Chapter 13 bankruptcy purchases. The retail micro-loans segment owns 515 store-front locations in 15 U.S. states and the U.K. It operates under the names First American Cash Advance and First Southern Cash Advance. Services include cash advance loans, auto insurance, stored-value cards, credit cards, check cashing, money transfer, bill payment, auto title loans and tax preparation. In recent years, Compucredit acquired Wells Fargo Financial’s Consumer Auto Receivables (CAR) business unit, forming the backbone of its new auto financing segment. In February 2007, Compucredit acquired ACC Consumer Finance, LLC, an auto finance company, as well as a $195 million auto loan portfolio originated and serviced by ACC on behalf of Patelco Credit Union. ACC was subsequently included in the CAR operations. In April 2007, the firm announced the purchase of $970 million of credit card receivables from Barclaycard, a division of Barclays Bank PLC. Compucredit offers its employees medical, dental and vision insurance; flexible spending accounts; employee assistance; and tuition assistance.
BRANDS/DIVISIONS/AFFILIATES: Embarcadero Holdings, LLC Bluestem Holdings, LLC Transistor Holdings, LLC Rapid City Holdings, LLC GSG, LLC Jefferson Capital Systems, LLC Consumer Auto Receivables ACC Consumer Finance, LLC
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. David G. Hanna, CEO Richard W. Gilbert, COO/Vice Chmn. Richard R. House, Jr., Pres. J.Paul Whitehead, III, CFO K. K. Srinivasan, Pres., Credit Cards David G. Hanna, Chmn.
Phone: 770-828-2000 Fax: Toll-Free: 888-522-2278 Address: 5 Concourse Pkwy., Ste. 400, Atlanta, GA 30328 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,760,014 2007 Profits: $-50,996 U.S. Stock Ticker: CCRT 2006 Sales: $1,335,835 2006 Profits: $107,475 Int’l Ticker: Int’l Exchange: 2005 Sales: $948,585 2005 Profits: $171,350 Employees: 3,600 2004 Sales: $575,652 2004 Profits: $100,719 Fiscal Year Ends: 12/31 2003 Sales: $460,400 2003 Profits: $121,700 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y Y
Profit Sharing:
Top Exec. Salary: $1,000,000 Second Exec. Salary: $700,000
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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CONSUMER PORTFOLIO SERVICES INC Industry Group Code: 522220 Ranks within this company's industry group: Sales: 5 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
www.consumerportfolio.com
Profits: 4
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Automobile Financing
Consumer Portfolio Services, Inc. (CPS) is a specialty finance company engaged in purchasing and servicing retail automobile contracts originated primarily by franchised automobile dealers and, to a lesser extent, by select independent dealers in the U.S. in the sale of new and used automobiles, light trucks and passenger vans. Through its automobile contract purchases, the company provides indirect financing to the customers of dealers, who have limited credit histories, low incomes or past credit problems. The firm serves as an alternative source of financing for dealers, facilitating sales to customers who otherwise might not be able to obtain financing from traditional sources, such as commercial banks, credit unions and the captive finance companies affiliated with major automobile manufacturers. Instead of lending money directly to customers, CPS purchases automobile contracts from dealers under several different financing programs. The company purchases automobile contracts with the intention of financing them on a long-term basis through securitizations. Securitizations are transactions in which the firm sells a specified pool of contracts to a special purpose entity, which in turn issues asset-backed securities to fund the purchase of the pool of contracts from the company. CPS has 134 marketing representatives and is a party to dealer agreements with over 10,255 dealers in 46 states. In 2007, 84% of automobile contracts purchased under the firm’s programs consisted of financing for used cars and 16% consisted of financing for new cars. The company offers its employees benefits that include a 401(k) plan; tuition reimbursement; medical, dental and vision insurance; and employee assistance.
BRANDS/DIVISIONS/AFFILIATES:
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Charles E. Bradley, Jr., CEO Charles E. Bradley, Jr., Pres. Jeffrey P. Fritz, CFO/Sr. VP Curtis K. Powell, Sr. VP-Mktg. Mark A. Creatura, General Counsel/Sr. VP Jayne E. Holland, Sr. VP-Oper. Robery E. Riedl, Chief Investment Officer/Sr. VP Chris Terry, Sr. VP-Servicing Teri L. Clements, Sr. VP-Originations Charles E. Bradley, Jr., Chmn.
Phone: 949-753-6800 Fax: 949-753-6805 Toll-Free: Address: 16355 Laguna Canyon Rd., Irvine, CA 92618 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $394,550 2007 Profits: $13,858 U.S. Stock Ticker: CPSS 2006 Sales: $278,863 2006 Profits: $39,555 Int’l Ticker: Int’l Exchange: 2005 Sales: $193,697 2005 Profits: $3,372 Employees: 997 2004 Sales: $132,692 2004 Profits: $-15,888 Fiscal Year Ends: 12/31 2003 Sales: $104,986 2003 Profits: $ 395 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $840,000 Second Exec. Salary: $307,000
Bonus: $1,500,000 Bonus: $215,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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CONVERGYS CORPORATION
www.convergys.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 4 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 5
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Outsourced Customer Care Services Professional & Consulting Services Information Management Solutions & Software Human Resource Business Process Outsourcing Solutions
Convergys Corp. is a global provider of customer care, billing and human resources services. It operates through three segments: customer care, information management and employee care. The customer care segment provides outsourced customer care services and professional and consulting services to in-house customer care operations. The division manages customer relationships on behalf of clients through multi-channel customer care contact centers and through consulting engagements. Phone and webbased agent-assisted service channels provide customers with assistance across the entire customer lifecycle. The company delivers these services using a variety of tools including computer telephony integration, interactive voice response, advanced speech recognition, knowledge-based management and the Internet through agent-assisted and self-service channels. The information management segment serves clients principally by providing and managing complex bulling and information software that addresses all segments of the communications industry, including wireless, wireline, cable, cable telephony, broadband, direct broadcast satellite and the Internet. The division’s component-based framework supports the creation of billing and customer care solutions ranging from a single application to the combination of applications to a complete, end-to-end billing system. Products include the Infinys software; the ICOMS solution designed for the broadband convergent vide, high-speed data and telephony markets; and the Wizard solution designed to serve multimedia operators. The employee care segment provides human resource business process outsourcing solutions. Services include recruiting and resources; compensation; human resource administration; payroll administration; benefits administration; organizational development; learning; and business intelligence. The company offers its employees medical, dental and vision insurance; life and AD&D insurance; disability insurance; tuition reimbursement; a 401(k) plan; a pension plan; and an employee stock purchase plan.
BRANDS/DIVISIONS/AFFILIATES: Infinys Wizard ICOMS
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. David F. Dougherty, CEO David F. Dougherty, Pres. Earl C. Shanks, CFO Clark D. Handy, Sr. VP-Human Resources Karen R. Bowman, General counsel/Corp. Sec. Philip A. Odeen, Chmn.
Phone: 513-723-7000 Fax: 513-421-8624 Toll-Free: 800-284-9900 Address: 201 E. 4th St., Cincinnati, OH 45202 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $2,844,300 2007 Profits: $169,500 U.S. Stock Ticker: CVG 2006 Sales: $2,789,800 2006 Profits: $166,200 Int’l Ticker: Int’l Exchange: 2005 Sales: $2,582,100 2005 Profits: $122,600 Employees: 75,000 2004 Sales: $2,487,700 2004 Profits: $111,500 Fiscal Year Ends: 12/31 2003 Sales: $2,288,800 2003 Profits: $171,600 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $964,000 Second Exec. Salary: $563,333
Bonus: $1,326,271 Bonus: $738,365
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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CORILLIAN CORP
www.corillian.com
Industry Group Code: 511201 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Software-Online Banking & Financial Services
Corillian Corporation, a wholly owned subsidiary of CheckFree Corp., in turn a subsidiary of Fiserv, Inc., is a global provider of e-finance software, serving over 35 million online banking end users. Its software enables banks, brokers, financial portals and other financial institutions to deploy Internet-based financial services for online banking and account management. Financial services customers can then conduct financial transactions, view personal and market financial information, pay bills and access other financial services via the Internet. The company’s products are designed to support multiple lines of business, including small business banking, corporate banking and credit card management; and can scale up to support millions of users. It offers the following family of products: business-line solutions consisting of transaction products for financial institutions; enterprise applications, which deliver secure and accessible database information; and platform architecture, uniting the previous two products with a financial institution’s systems. Corillian Voyager, Corillian’s premier product, is a server-based software platform combined with a set of applications for Internet banking; electronic bill presentment and payment; targeted marketing; data aggregation; web content management; and online customer relationship management (CRM). The software integrates with customers’ existing databases and systems, and enables them to monitor transactions across all systems in real time. Major Corillian customers include banks such as J.P. Morgan Chase, Bank of America and Wachovia Bank; credit unions such as Chevron Federal Credit Union, Mission Federal and State Employees’ Credit Union; and international institutions, including Bangkok Bank and Eurobank. Recently, the firm acquired InteliData Technologies Corp., an online banking, credit card and bill payment services; and qbt Systems, a provider of real-time integration software. In May 2007, CheckFree Corp. acquired Corillian. Employees of Corillian receive on-site gym access as well as discounts, events and activities at over 400 recreational and cultural businesses throughout Oregon, Washington and Alaska.
BRANDS/DIVISIONS/AFFILIATES: CheckFree Corp Corillian Voyager InteliData Technologies Corp qbt Systems Fiserv, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Alex Hart, CEO Alex Hart, Pres. Paul Wilde, CFO Eric Litch, Exec. VP-Sales & Mktg. Greg Hughes, VP-IT & Security Chris Brooks, CTO Brian Kissel, Sr. VP-Prod. Mgmt. Brian Kissel, Sr. VP-Corp. Strategy Steve Shaw, Media Rel. Andre Bouchard, Sr. VP-Professional Svcs. Brian Bodell, Sr. VP-Corillian Community Banking Solutions Greg Hughes, Chief Security Exec. Jay N. Whipple III, Chmn.
Phone: 503-629-3300 Fax: 503-617-3911 Toll-Free: 800-863-6445 Address: 3400 NW John Olsen Pl., Hillsboro, OR 97124 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $60,958 2006 Profits: $-1,072 Int’l Ticker: Int’l Exchange: 2005 Sales: $49,220 2005 Profits: $2,653 Employees: 316 2004 Sales: $50,794 2004 Profits: $10,480 Fiscal Year Ends: 12/31 2003 Sales: $46,132 2003 Profits: $5,126 Parent Company: CHECKFREE CORP
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $280,000 Second Exec. Salary: $200,000
Bonus: $115,500 Bonus: $39,063
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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CORUS BANKSHARES INC
www.corusbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 110 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 93
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Commercial Real Estate Lending Check Cashing Industry Services Online Banking
Corus Bankshares, Inc., through its wholly-owned subsidiary Corus Bank, provides consumer and corporate banking products and services. The company’s other activities include investments in common stocks of financial industry companies as well as participation in large commercial real estate loans. Corus Bank’s two main business activities are commercial real estate lending and retail banking. The firm’s commercial real estate lending division focuses on loaning money for projects that include condominium buildings, hotels, office buildings and apartment buildings. The division also offers conversion and inventory loans. In addition, this division originates mezzanine loans, which have significantly higher interest rates than standard construction loans. Corus’ retail banking business operates through 11 bank branches in the Chicago metropolitan area, through which the company offers general banking services including checking, savings, money markets and time deposit accounts, as well as safe deposit boxes and individual retirement accounts. Corus markets these deposit products nationwide, using competitive rates to attract depositors, with approximately 60% of the firm’s business coming from outside the Illinois area. The company offers its employees a benefits package including a medical, dental and vision insurance; life insurance; flexible spending plan; 401(k); pension; tuition reimbursement; and discounted banking services.
BRANDS/DIVISIONS/AFFILIATES: Corus Bank, N.A.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert J. Glickman, CEO Richard J. Koretz, COO/Exec. VP Robert J. Glickman, Pres. Michael E. Dulberg, CFO/Exec. VP Michael W. Jump, Sr. VP-Oper. Randy P. Curtis, Exec. VP-Retail Banking Michael G. Stein, Exec. VP-Commercial Lending Terrence W. Keenan, Sr. VP-Commercial Lending Joseph C. Glickman, Chmn.
Phone: 773-832-3088 Fax: 773-832-3267 Toll-Free: 800-555-5710 Address: 3959 N. Lincoln Ave., Chicago, IL 60613-2431 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $736,629 2007 Profits: $106,204 U.S. Stock Ticker: CORS 2006 Sales: $760,428 2006 Profits: $189,444 Int’l Ticker: Int’l Exchange: 2005 Sales: $474,898 2005 Profits: $137,229 Employees: 520 2004 Sales: $273,474 2004 Profits: $97,939 Fiscal Year Ends: 12/31 2003 Sales: $187,200 2003 Profits: $58,400 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $500,000 Second Exec. Salary: $400,000
Bonus: $450,050 Bonus: $400,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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COUNTRYWIDE FINANCIAL CORPORATION Industry Group Code: 522310 Ranks within this company's industry group: Sales: 4 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
www.countrywide.com
Profits: 7
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgage Banking Banking Insurance
BRANDS/DIVISIONS/AFFILIATES: Bank of America Corp
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Barbara Desoer, Pres., Bank of America Mortgage, Home Equity and Insurance Svcs. Anne D. McCallion, CFO
Phone: 818-225-3000 Fax: Toll-Free: 800-283-8875 Address: 4500 Park Granada, Calabasas, CA 91302 US
Countrywide Financial Corp, a wholly-owned subsidiary of Bank of America Corporation, is engaged in mortgage lending and other real estate finance-related businesses, including mortgage banking; banking and mortgage warehouse lending; securities; and insurance underwriting. The company operates in three segments: mortgage banking, banking and insurance. In the mortgage banking segment, the firm originates, purchases, sells and services non-commercial mortgage loans nationwide. Mortgage banking products include home loans, refinancing, home equity lines of credit, construction loans and reverse mortgages. Through the banking division, Countrywide takes deposits and invests in mortgage loans and home equity lines of credit, sourced primarily through its mortgage banking operation as well as through purchases from nonaffiliates. The segment also offers short-term secured financing to mortgage lenders. Banking products include certificates of deposit, money market accounts, savings accounts and credit cards. The insurance division offers property, casualty, life and disability insurance as an underwriter and as an insurance agency. Insurance products include homeowners/condo, auto, home warranty, renters, life, commercial and other products. Countrywide was a major influence in the creation of subprime mortgages. After massive losses suffered in 2007, the firm agreed to be acquired by Bank of America. In 2007, Countrywide laid off approximately 11,665 employees due to the subprime mortgage crisis. In July 2008, Bank of America completed the acquisition of the company for approximately $4 billion. Following the acquisition, Countrywide ceased offering subprime mortgages and certain other non-traditional mortgages. The company anticipates originating mortgage and home equity products under the Bank of America brand by mid-2009.
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $6,061,437 2007 Profits: $-703,538 U.S. Stock Ticker: Subsidiary 2006 Sales: $11,417,128 2006 Profits: $2,674,846 Int’l Ticker: Int’l Exchange: 2005 Sales: $10,016,708 2005 Profits: $2,528,090 Employees: 50,600 2004 Sales: $8,566,627 2004 Profits: $2,197,574 Fiscal Year Ends: 12/31 2003 Sales: $13,469,300 2003 Profits: $2,373,000 Parent Company: BANK OF AMERICA CORP
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $2,866,667 Second Exec. Salary: $1,514,022
Bonus: $20,461,473 Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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CREDIT ACCEPTANCE CORP
www.credaccept.com
Industry Group Code: 522220 Ranks within this company's industry group: Sales: 6 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 3
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Automobile Financing
Credit Acceptance Corp. (CAC) provides auto loans to consumers, regardless of their credit history. The company’s product is offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisement for the firm’s product, but who actually end up qualifying for traditional financing. The firm’s target market is a select group of the more than 70,000 independent and franchised automobile dealers in the US. CAC also services the loans and provides dealers with risk assessment, fraud alert, computerized skip tracing, sales training and other services. Dealers that use CAC can offer car buyers disability insurance, vehicle service contracts, collateral protection and credit life. The company’s online credit application processing system provides automobile dealerships with the ability to grant credit approval in less than 30 seconds, 24 hours a day and 365 days a year. The company derives revenue from finance charges, which are comprised of servicing fees, fees earned from the company’s third party ancillary product offerings and fees associated with the dealer loan including term extensions fees; license fees, which represent month fees charged to dealer-partners for access to the firm’s Internet-based credit approval processing system; and other income, which primarily consists of remarketing charges, fees charged to dealerpartners for enrolling in the company’s program, interest income on secured financing and fees for marketing materials. The company offers its employees medical, dental, life and disability insurance; a 401(k) plan; flexible spending accounts; tuition assistance; and an employee assistance plan.
BRANDS/DIVISIONS/AFFILIATES:
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Brett A. Roberts, CEO Steven M. Jones, Pres. Kenneth S. Booth, CFO Michael P. Miotto, CIO Charles A. Pearce, Chief Legal Officer Douglas W. Busk, Treas. Michael W. Knoblauch, Sr. VP-Loan Svcs. Donald A. Foss, Chmn.
Phone: 248-353-2700 Fax: 248-827-8553 Toll-Free: 800-634-1506 Address: 25505 W. Twelve Mile Rd., Southfield, MI 48034 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $239,927 2007 Profits: $54,916 U.S. Stock Ticker: CACC 2006 Sales: $219,332 2006 Profits: $58,640 Int’l Ticker: Int’l Exchange: 2005 Sales: $201,268 2005 Profits: $72,601 Employees: 694 2004 Sales: $172,071 2004 Profits: $57,325 Fiscal Year Ends: 12/31 2003 Sales: $141,042 2003 Profits: $24,669 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $764,615 Second Exec. Salary: $482,692
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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CREDIT AGRICOLE SA
www.credit-agricole-sa.fr
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 3 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 11
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Asset Management Property & Casualty Insurance Private Label Credit Cards Investment Banking Consumer Loans Business Financing & Leasing
Credit Agricole S.A. is the one of the largest banking networks in France and with international operations in Europe, Africa, the Middle East and Latin America. It is organized into five business lines: French retail banking; international retail banking; specialized financial services; insurance; asset management and private banking; and corporate and investment banking. The French retail banking line consists of the company’s primary banking subsidiaries Credit Agricole, S.A. and LCL Credit Lyonnais. Between the two, the company operates more than 9,000 branches serving about 22 million customers. The banks offer deposits and savings, equity, bond and mutual fund investments, life insurance, mortgage and consumer lending, payment systems and property and casualty insurance. The international retail banking segment offers retail banking services in Italy, Greece, Serbia, Morocco, the Congo, Egypt and Chile, as well as approximately 50 other countries. The specialized financial services segment comprises three business areas: consumer credit, lease finance and factoring. Service offerings provided by this segment include insurance options, repayment loans, private label credit cards and revolving credit services. The insurance segment operates primarily through Predica, Credit Agricole’s life insurance subsidiary. Through the asset management and private banking segment, the company provides investment products and asset allocation services through its subsidiary, Credit Agricole Asset Management. The corporate and investment banking section offers capital markets, investment banking, foreign exchange, commodities, derivatives loan syndication and cash management services. In February 2008, the company acquired a 14.66% stake in the Spanish commercial bank, Bankiter, S.A. In April 2008, Credit Agricole and Italy’s Banco Popolare entered agreement on a joint venture between their consumer credit subsidiaries, Agos and Ducato with Credit Agricole having control over the new company.
BRANDS/DIVISIONS/AFFILIATES: Credit Agricole, S.A. LCL Credit Lyonnais Credit Agricole Asset Management Calyon Financial Predica
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Georges Pauget, CEO Bertrand Badre, CFO Marie-Christine Dumonal, Head-Human Resources Gilles Grapinet, Head-Strategy Jacques Lenormand, Head-Finance Jerome Brunel, Head-Specialized Financial Svcs. Div. Bernard Michel, CEO-Predica/Head-Insurance Unit Jean-Frederic de Leusse, Head-Private Banking Jean-Paul Betbeze, Chief Economist Rene Carron, Chmn. Mohammed Agoumi, Head-Int'l Dev.
Phone: 33-1-43-23-52-02 Fax: 33-1-43-23-34-48 Toll-Free: Address: 91-93 Blvd. Pasteur, Paris, 75015 France
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $138,154,600 2007 Profits: $8,171,500 U.S. Stock Ticker: CRARF.PK 2006 Sales: $128,480,000 2006 Profits: $7,434,610 Int’l Ticker: ACA Int’l Exchange: Paris-Euronext 2005 Sales: $110,764,600 2005 Profits: $7,434,300 Employees: 163,126 2004 Sales: $61,696,400 2004 Profits: $5,413,700 Fiscal Year Ends: 12/31 2003 Sales: $35,170,700 2003 Profits: $1,287,800 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y Y Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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CREDIT SUISSE GROUP
www.credit-suisse.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 9 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 14
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Investment Banking Wealth Management Private Banking Financial Advisory Services Asset Management Retail Banking (Switzerland)
Credit Suisse Group is one of the world’s leading financial services companies. The firm is active in more than 50 countries worldwide, with a strong presence Europe and North America as well as such emerging markets as Brazil, China, the Middle East and Russia. Credit Suisse is organized into three segments: Private Banking, Investment Banking and Asset Management. The Private Banking segment has three divisions: private banking; wealth management; and corporate and retail banking. The private banking division provides banking and investment services for high net worth clients around the world. The wealth management division focuses on its international clients via a network of relationship managers and utilizes a range of online services. Clariden Leu, the company’s independent Swiss Bank, also serves wealthy clients in 15 countries. The corporate and retail banking division serves business and retail banking clients through its branches as well as contact centers and Direct Net, the firm’s online banking format. The Investment Banking segment offers investment banking and securities products and services to corporate, institutional and government clients. Its offerings include debt and equity underwriting; sales and trading; mergers and acquisitions advice; divestitures; corporate sales; and restructuring and investment research. The Asset Management segment is organized into three divisions: global investors, which monitors equity and fixed income investments; multi-asset class solutions, which focuses on active asset allocation strategies and asset solutions; and alternative investments, which offers private equity, real estate, single and multimanager hedge funds among other alternative investment strategies. In September 2008, Credit Suisse and Gerson Lehrman Group announced an alliance between the two that will allow Credit Suisse access to Lehrman’s network of over 200,000 experts. In October 2008, the firm received its life settlement provider licenses for Florida and Puerto Rico. Credit Suisse offers a Young Talents employee recruitment and training program for recent high school and university graduates.
BRANDS/DIVISIONS/AFFILIATES: Credit Suisse Young Talents
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Brady W. Dougan, CEO Urs Rohner, COO Renato Fassbind, CFO Tom Sanzone, CIO Urs Rohner, General Counsel Ian Roundell, Head-Investor Rel. D. Wilson Ervin, Chief Risk Officer Walter Berchtold, CEO-Private Banking Robert Shafir, CEO-Asset Mgmt. Paul Calello, CEO-Investment Banking Robert Shafir, CEO-Credit Suisse Americas Walter B. Kielholz, Chmn. Eric Varvel, CEO-EMEA
Phone: 41-44-212-16-16 Fax: 41-44-333-25-87 Toll-Free: Address: Paradeplatz 8, Zurich, 8070 Switzerland
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $83,720,000 2007 Profits: $7,530,000 U.S. Stock Ticker: CS 2006 Sales: $67,532,100 2006 Profits: $9,293,800 Int’l Ticker: CSGN Int’l Exchange: Zurich-SWX 2005 Sales: $68,392,913 2005 Profits: $4,447,170 Employees: 60,532 2004 Sales: $64,543,262 2004 Profits: $4,974,589 Fiscal Year Ends: 12/31 2003 Sales: $54,958,000 2003 Profits: $622,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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CTX MORTGAGE COMPANY LLC
www.ctxmort.com
Industry Group Code: 522310 Ranks within this company's industry group: Sales: 8 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgage Lender
CTX Mortgage Company, LLC, a subsidiary of Centex Corporation, is a nationwide non-bank retail mortgage originator. The company has more than 200 offices nationwide and through its history has originated more than 79,000 mortgages valued at $12 billion. To date, CTX has financed over a million families reach home ownership. The firm finances 73% of the houses built by its sister subsidiary, Centex Homes, and also originates mortgage loans not associated with its parent company. CTX’s products and programs include conventional loans, FHA loans, Veterans Administration (VA) loans, 5/1 ARM mortgages, 7/23 mortgages and jumbo loans. Conventional loans have short terms of 3-5 years with balloon payments and high down payment requirements of as much as 50% down. FHA loans have a lower down payment requirement than conventional loans but higher than VA loans. VA loans are for owneroccupied housing, allowing veterans to obtain 100% loans to the current loan limit with no down payment. The 5/1 ARM mortgage is a five-year level payment program that guarantees the payments for the first five years and then becomes a one-year ARM for the remaining 25 years. The 7/23 mortgage is a seven-year level payment ARM that guarantees the payments for the first seven years and then becomes a fixed-rate mortgage for the next 23 years. Jumbo loans are loans in excess of FNMA/FHLMC limits and often carry higher interest rates and points, as well as requiring larger down payments.
BRANDS/DIVISIONS/AFFILIATES: Centex Corporation Centex Homes
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Kevin Gillespie, COO Kevin Gillespie, Pres. Gary Gould, Exec. VP-East Region Barry Reynolds, Exec. VP-West Region
Phone: 214-981-5000 Fax: 214-689-2167 Toll-Free: Address: 2828 N. Harwood St., Dallas, TX 75201 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $214,300 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 2,750 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 3/31 2003 Sales: $ 2003 Profits: $ Parent Company: CENTEX CORP
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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CULLEN/FROST BANKERS INC
www.frostbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 94 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 76
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Insurance Loans Discount Brokerage Trust Services Cash Management Investment Services
Cullen/Frost Bankers, Inc., with $13.2 billion in assets, is the holding company for The Frost National Bank and other financial services subsidiaries. Besides commercial and consumer banking services, Cullen/Frost offers trust and investment management, investment banking, insurance brokerage, leasing, asset-based lending, treasury management and item processing services. Frost National Bank, Cullen/Frost’s main subsidiary, offers banking services through over 100 financial centers across Texas. Services provided by Frost include commercial banking, consumer services, international banking, correspondent banking, trust services and other financial services. Frost Bank also operates several subsidiary companies of its own. Frost Insurance Agency, Inc. provides insurance brokerage services to individuals and business, including corporate and personal property and casualty insurance, as well as group health and life. Frost Brokerage Services, Inc. provides securities brokerage services and transactions. Frost Premium Finance Corp. makes loans for borrowers to finance property and casualty insurance. Frost Securities, Inc. provides advisory and private equity services to Texasbased middle market companies. In addition to Frost Bank, the firm has four other significant subsidiaries. The New Galveston Company is a financial holding company that directly owns all of Cullen/Frost’s banking subsidiaries. The Cullen/Frost Capital Trusts exist primarily to issue preferred securities and lend the proceeds to the company. Main Plaza Corporation is a non-banking, lending subsidiary. Daltex General Agency, Inc. operates as a managing general insurance agency for insurance on auto loans provided through Frost Bank. Employees of Cullen/Frost receive life, medical, dental and vision insurance; a 401(k) plan; banking benefits; tuition reimbursement; and a deferred profit sharing plan.
BRANDS/DIVISIONS/AFFILIATES: Frost National Bank (The) Frost Insurance Agency Inc Frost Securities Inc New Galveston Company (The) Cullen/Frost Capital Trust I Cullen/Frost Capital Trust II Frost Broker Services, Inc. Daltex General Agency, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Richard W. Evans, Jr., CEO Philip D. Green, CFO/Group Exec. VP Patrick B. Frost, Pres., The Frost National Bank David W. Beck, Jr., Chief Bus. Baking Officer-Frost Bank Richard Kardys, Group Exec. VP-Financial Management Group Richard W. Evans, Jr., Chmn.
Phone: 210-220-4011 Fax: 210-220-4325 Toll-Free: 877-714-4932 Address: 100 W Houston St., San Antonio, TX 78205 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,037,078 2007 Profits: $212,071 U.S. Stock Ticker: CFR 2006 Sales: $924,707 2006 Profits: $193,591 Int’l Ticker: Int’l Exchange: 2005 Sales: $740,206 2005 Profits: $165,423 Employees: 3,781 2004 Sales: $622,031 2004 Profits: $141,325 Fiscal Year Ends: 12/31 2003 Sales: $584,307 2003 Profits: $130,501 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing: Y
Top Exec. Salary: $750,000 Second Exec. Salary: $400,000
Bonus: $367,500 Bonus: $140,000
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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CYBERSOURCE CORP
www.cybersource.com
Industry Group Code: 511201 Ranks within this company's industry group: Sales: 4 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 5
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: E-Commerce Processing Services & Systems Risk Management Solutions Credit Card Processing Tax Calculation Fraud Screening Compliance Services Consulting Services
CyberSource Corp. provides secure electronic payment and risk management services to organizations that sell products and services over the Internet. The company’s payment systems allow e-commerce merchants to accept a range of online payment options, including credit cards, electronic checks, and global payment options. CyberSource Payment Solutions offers four product lines. CyberSource Essentials allows businesses to accept payment, mainly major credit cards, via a web site or virtual web terminal. CyberSource Global Acquiring works directly with banks to process credit cards in the U.S. and other regional payment types worldwide, acting as an intermediary for merchants. The CyberSource Payment Manager software processing platform authorizes and settles payments originating from one or more sales channels. Finally, CyberSource Advanced provides a suite of payment products designed for larger merchants. CyberSource Risk Management Solutions range from fully managed services to individual tools designed to help merchants address the growing challenge of online fraud. CyberSource’s solutions are available as single components or as fully integrated systems; and can be managed in-house, outsourced, or utilizing both options. CyberSource Professional Services provides business and technical consulting services. These include technology selection and systems installation; integrating CyberSource products and services into the merchants’ existing internal systems; devising merchant-specific risk management strategies and building custom reporting tools; analyzing the impact of online business on internal processes; disaster recovery planning; and security consulting. The firm processed over 1.2 billion transactions totaling over $54 billion in 2007. Recently, CyberSource signed an agreement with PayPal Europe Ltd. allowing CyberSource merchants to offer PayPal as a payment method. In November 2007, the firm acquired Authorize.Net Holdings, Inc., which provides online payment options. In December 2007, the firm ceased operations of its subsidiary, BidPay.com. In May 2008, the firm announced plans for a development center in Northern Ireland.
BRANDS/DIVISIONS/AFFILIATES: CyberSource Advanced CyberSource Essentials CyberSource Global Acquiring CyberSource Payment Manager CyberSource Risk Management Solutions CyberSource Professional Services BidPay.com Authorize.Net Holdings, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William S. McKiernan, CEO Scott Cruickshank, COO Scott Cruickshank, Pres. Steven D. Pellizzer, CFO Michael Walsh, Sr. VP-Worldwide Sales Greg Pappas, VP-Human Resources Robert Ford, CTO Robert Ford, Exec. VP-Prod. Dev. David J. Kim, General Counsel/VP George Barby, VP-Worldwide Oper. Michael Orlando, VP-Strategic Markets Steven D. Pellizzer, VP-Finance Carolyn Brackett, VP-Channels & Alliances Kyle Pexton, VP-Financial Analysis & Planning Kirsten Fry-Sanchez, VP-Prod. Mgmt. William S. McKiernan, Chmn.
Phone: 650-965-6000 Fax: 650-625-9145 Toll-Free: 888-330-2300 Address: 1295 Charleston Rd., Mountain View, CA 94043 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $116,999 2007 Profits: $2,429 U.S. Stock Ticker: CYBS 2006 Sales: $70,250 2006 Profits: $14,411 Int’l Ticker: Int’l Exchange: 2005 Sales: $50,511 2005 Profits: $9,246 Employees: 496 2004 Sales: $36,709 2004 Profits: $4,461 Fiscal Year Ends: 12/31 2003 Sales: $27,503 2003 Profits: $-5,442 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y Y
Profit Sharing:
Top Exec. Salary: $340,000 Second Exec. Salary: $311,250
Bonus: $100,000 Bonus: $42,500
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
Plunkett Research, Ltd.
www.plunkettresearch.com
DAEGU BANK LTD (THE)
www.dgb.co.kr
Industry Group Code: 522110 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking
The Daegu Bank Ltd., started in 1967, serves approximately 3.5 million customers in the company’s home region, Daegu, one of the three largest cities in Korea. The bank is also active in the Gyeongsangbuk-do province. The bank provides various financial services, in addition to several insurance products. Daegu Bank operates in six divisions: retail banking, corporate banking, public institutional financial, investment banking financial, management planning and business support. Daegu Bank has 209 branch offices and 2,158 ATMs located throughout the region, and provide service to approximately 3.41 million customers. The bank has approximately $18.3 billion in assets under management. In 2008, Daegu Bank agreed to acquire a stake in Donghae Pulp.
BRANDS/DIVISIONS/AFFILIATES:
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Hwa-eon Lee, CEO Hwa-eon Lee, Chmn.
Phone: 82-53-756-2001 Fax: 82-53-756-2095 Toll-Free: Address: 118, Suseong-dong 2-ga, Suseong-gu, Daegu, 706712 Korea
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: 2006 Sales: $ 2006 Profits: $ Int’l Ticker: 005270 Int’l Exchange: Seoul-KRX 2005 Sales: $1,231,800 2005 Profits: $171,700 Employees: 2,819 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
Plunkett Research, Ltd.
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DANSKE BANK AKTIESELSKAB
www.danskebank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 28 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 37
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgage Financing Business Finance & Leasing Consumer Loans Equity Sales, Trading & Finance Research Online Banking Services Insurance
Danske Bank Aktieselskab (DBA) is a holding company operating primarily through subsidiary Danske Bank A/S. DBA offers insurance, mortgage finance, asset management, brokerage, real estate and leasing services, serving approximately 5 million customers primarily in Denmark, Norway, Sweden, the U.K. and Ireland. Approximately 2 million customers use the firm's online services. Danske Bank, founded in 1871, has 821 total branches, including 380 in Denmark, 123 in Finland, 59 in Sweden, 55 in Norway, 92 in the North Ireland, 66 in Ireland and 46 in the Baltic states, comprising Estonia, Latvia and Lithuania. Other subsidiaries include the following. Realkredit Danmark is the group’s mortgage financing marketer. Danica Pension provides life insurance products and pensions, including the customizable investment products Danica Balance and Danica Link, to corporate and private customers. Danske Markets provides comprehensive research on fixed-income and foreign exchange markets. Danske Capital, operating through other members of the Danske Group, offers asset management products and services to institutional clients, businesses and others. Danske Markets Equities provides equity sales, trading and research for institutions. Danske Research produces financial and economic news reports on Scandinavian and foreign markets. Danske Private Equity operates a group of funds in Western Europe and North America. Nordania Leasing leases machinery, equipment and vehicles for the private sector in Scandinavia. Lastly, Danske Ejendomme administers DBA’s property portfolio. Recently, the firm acquired National Europe Holdings (Ireland) Ltd., parent of National Irish Bank and North Ireland-based Northern Bank; Norwegian investment management company Fondsfinans Aktiv Forvaltning ASA; and Swedish real-estate agency Skandia Maklarna. In February 2007, DBA acquired Sampo Bank, a leading Finish bank with operations in Lithuania, Latvia and Estonia, for approximately $5.7 billion. In April 2007, subsidiary BG Bank, which provided commercial banking, merged into Danske Bank. Employees of DBA receive 5-6 weeks holiday, parental leave and club memberships.
BRANDS/DIVISIONS/AFFILIATES: Danske Bank Danske Netbank Danske Bank Sweden Branch Fokus Bank Nordania Leasing Danica Pension Danske Ejendomme National Irish Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Peter Straarup, CEO Tonny Thierry Andersen, CFO Georg Schubiger, Sr. Exec. VP-Mktg. Lars Stensgaard Morch, Sr. Exec. VP-Human Resources Frederik Reumert, Chief Governance Officer Georg Schubiger, Sr. Exec. VP-Group Bus. Dev. Lars Stensgaard Morch, Sr. Exec. VP-Comm. Martin Gottlob, Head-Investor Rel. Henrik Normann, Sr. Exec. VP-Danske Bank, Denmark Mads Jacobsen, Sr. Exec. VP-Int'l Banking, Baltic Unit Steen Blaafalk, Sr. Exec. VP-Danske Markets Sven Lystbaek, Head-Shared Service Ctr. Alf Duch-Pedersen, Chmn. Ilkka Hallavo, Head-Sampo Bank, Finland
Phone: 45-33-44-00-00 Fax: 45-70-12-10-80 Toll-Free: Address: Holmens Kanal 2-12, Copenhagen, DK-1092 Denmark
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $33,870,000 2007 Profits: $2,900,000 U.S. Stock Ticker: DNSKF 2006 Sales: $24,337,500 2006 Profits: $2,280,300 Int’l Ticker: DANSKE Int’l Exchange: Copenhagen-CSE 2005 Sales: $22,336,500 2005 Profits: $2,137,300 Employees: 19,253 2004 Sales: $14,228,500 2004 Profits: $1,935,300 Fiscal Year Ends: 12/31 2003 Sales: $13,096,200 2003 Profits: $1,565,600 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $1,063,927 Second Exec. Salary: $684,012
Bonus: $170,988 Bonus: $76,001
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
Plunkett Research, Ltd.
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DE LA RUE PLC
www.delarue.com
Industry Group Code: 323000 Ranks within this company's industry group: Sales: 2 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 2
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Printing-Financial Documents & Currency Production Anti-Counterfeit Consulting Currency Management Systems & Software Drivers' Licenses, Passports & National Identity Cards Holograms & Security Threads Authentication & Security Labels Revenue & Fiscal Stamps Cash & Coin Handling Equipment
De La Rue plc is one of the largest commercial security printing and papermaking companies in the world, with operations in 31 countries. The company operates through three divisions: currency, security products and cash systems. The currency division is involved in the production of over 150 national currencies and approximately one in five of the world’s banknotes. Its currency products and services include anti-counterfeit consulting; banknotes; banknote paper; coins; security threads; and currency management, design and origination services. The security products division produces a wide range of security documents, including authentication labels, bonds and bearer securities, certificates of origin, export checks and drafts, drivers’ licenses and issuing systems, holograms, motor vehicle titles, national identity cards and issuing systems, passports and issuing systems, postage, revenue and fiscal stamps, security labels, signature panels, tax discs, travelers' checks, visas, vital records and vouchers. The cash systems division is one of the leading manufacturers of cash and coin handling equipment and software solutions. It counts over 2,000 commercial banks, central banks, cash-in-transit companies and retailers as its customers. The division’s cash systems enable 12 million transactions per day in financial institutions. Its products and services include ATM equipment, teller cash dispensers and recyclers, banknote sorters, cash and coin counters, cash management software and a worldwide customer support network. In addition, De La Rue owns a 20% stake in Camelot Group, the consortium that operates the U.K. lottery and owns the Bank of England’s banknote printing operations under a seven-year contract. In June 2008, the company entered into an agreement to sell its cash systems business, excluding banknote sorters, to The Carlyle Group for approximately $623.2 million.
BRANDS/DIVISIONS/AFFILIATES: Camelot Group Solitaire
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Leo Quinn, CEO Stephen King, Dir.-Finance David Williamson, Dir.-Sales Jane van Ammel, Dir.-Human Resources Louise Fluker, General Counsel/Corp. Sec. Nicola Bruce, Dir.-Bus. Dev. Mark Fearon, Head-Corp. Affairs Shatish Dasani, Group Financial Controller Tracey Graham, Managing Dir.-Cash Systems James Hussey, Managing Dir.-Security Paper & Print Nicholas Brookes, Chmn. Andrew Vaughan, Dir.-Procurement & Supply Chain
Phone: 44-1256-605-000 Fax: 44-1256-605-004 Toll-Free: Address: De La Rue House, Jays Close, Viables, Basingstoke, Hampshire RG22 4BS UK
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,347,500 2007 Profits: $137,600 U.S. Stock Ticker: 2006 Sales: $1,197,200 2006 Profits: $99,800 Int’l Ticker: DLAR Int’l Exchange: London-LSE 2005 Sales: $1,208,400 2005 Profits: $59,900 Employees: 6,000 2004 Sales: $1,246,100 2004 Profits: $22,100 Fiscal Year Ends: 12/31 2003 Sales: $917,100 2003 Profits: $-12,400 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y Y
Profit Sharing:
Top Exec. Salary: $720,130 Second Exec. Salary: $453,415
Bonus: $711,240 Bonus: $236,487
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
Plunkett Research, Ltd.
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DELUXE CORP
www.deluxe.com
Industry Group Code: 323000 Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Check Printing Computer & Business Forms Check Accessories Online Sales Fraud Protection Services
Deluxe Corp., founded in 1920, is a leading provider of customized products and services. The firm’s products include personalize printed items such as checks, forms, business cards, stationery, greeting cards, labels and retail packaging supplies; promotional products and merchandising materials; fraud prevention and marketing services; and financial institution customer retention programs. The company’s small business services segment operates under such brands as Deluxe, New England Business Services (NEBS), Safeguard, McBee and RapidForms, selling business checks, printed forms, promotional products and marketing materials to over 6 million small business customers in the U.S. and Canada. Deluxe’s financial services segment sells personal and business checks; stored value gift cards; customer retention and fraud protection services; and enhanced services such as customized reporting, file management and expedited account conversion support. The segment serves approximately 7,000 financial institutions in the U.S. Direct Checks is a leading national direct-to-consumer check supplier, selling under the Checks Unlimited, Designer Checks and Checks.com brand names. Direct Checks sells personal and business checks directly to consumers using a variety of direct marketing techniques, including newspaper inserts, in-package advertising, statement stuffers and co-op advertising, as well as e-commerce strategies to direct traffic to its websites, which include checksunlimited.com, designerchecks.com and checks.com. Sales of checks and related services generates approximately 65.1% of Deluxe’s revenue, while other printed products generate 23.7%; accessories and promotional products generate 8%; and packaging supplies and other products and services generate 3.2%. In June 2008, Deluxe agreed to acquire Hostopia.com, Inc., a provider of web services for small business owners. In July 2008, the firm acquired PartnerUp, an online networking community for small businesses and entrepreneurs. Deluxe offers its employees tuition assistance, an employee assistance program, a free check program, flexible benefits, flexible spending accounts and medical, dental, vision, AD&D, life and disability insurance.
BRANDS/DIVISIONS/AFFILIATES: New England Business Services (NEBS) Safeguard McBee RapidForms Checks Unlimited Designer Checks Checks.com ChecksUnlimited.com
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Lee J. Schram, CEO Richard S. Greene, CFO/Sr. VP Lynn R. Koldenhoven, VP-Sales & Mktg., Direct to Consumer Jeff D. Stoner, Sr. VP-Human Resources Malcolm J. McRoberts, CIO/Sr. VP Anthony C. Scarfone, General Counsel/Sec./Sr. VP Terry D. Peterson, VP-Investor Rel. Terry D. Peterson, Chief Acct. Officer Luann E. Widener, Pres., Financial Svcs./Sr. VP Pete J. Godich, VP-Fulfillment Stephen P. Nachtsheim, Chmn.
Phone: 651-483-7111 Fax: Toll-Free: Address: 3680 Victoria St. N., Shoreview, MN 55126-2966 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,606,367 2007 Profits: $143,515 U.S. Stock Ticker: DLX 2006 Sales: $1,639,654 2006 Profits: $100,954 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,716,294 2005 Profits: $157,963 Employees: 7,600 2004 Sales: $1,567,015 2004 Profits: $198,648 Fiscal Year Ends: 12/31 2003 Sales: $1,242,141 2003 Profits: $192,472 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing: Y
Top Exec. Salary: $745,000 Second Exec. Salary: $345,167
Bonus: $ Bonus: $105,575
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
Plunkett Research, Ltd.
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DESJARDINS GROUP
www.desjardins.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking-Savings Banks Investment & Trust Services Property, Life & Health Insurance Mortgages Card Services Credit Unions Business Finance Asset Management
Desjardins Group, which also does business as Mouvement des caisses Desjardins, is one of the largest financial services providers in Canada. Desjardins is an integrated cooperative financial group with assets of $152 billion and 5.8 million members. Its network is comprised of caisses and credit unions as well as 20 subsidiary companies involved in life and general insurance, securities brokerage, venture capital an asset management. Banking services such as loans, credit cards and checking and savings accounts, are offered through Desjardins Credit Union in Ontario and Desjardins Bank, which offers banking services to customers in three Florida branches in the U.S. The insurance business is largely represented by subsidiary Desjardins General Insurance Group. Desjardins Securities administers $16 billion in assets overseen by 325 investment advisors. The venture capital arm, Desjardins Venture Capital, manages the assets of public fund Capital regional et cooperatif Desjardins, which has more than 130,000 shareholders. Desjardins Asset Management manages $51 billion in securities investment and financial engineering, mortgage investments and corporate finance and real estate. Desjardins offers its employees flexible work schedules, a health and wellness program, technical and academic training, a group insurance plan and a retirement plan.
BRANDS/DIVISIONS/AFFILIATES: Mouvement des caisses Desjardins Desjardins Credit Union Desjardins Bank Desjardins General Insurance Group Desjardins Securities Desjardins Venture Capital Capital regional et cooperatif Desjardins Desjardins Asset Management
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Monique F. Leroux, CEO Bertrand Laferriere, COO Bertrand Laferriere, Pres. Jean Brunet, Sr. VP-Human Resources Richard Halley, Sr. VP-IT & Operational Effectiveness Louise Le Brun, Sr. VP-Admin. Louise Le Brun, Sr. VP-Oper. Marc Laplante, Sr. VP-Desjardins Group Dev. Marc Laplante, Sr. VP-Finance & Credit Stephane Achard, Sr. VP-Bus. Markets Exec. Div. Raynald Bisson, Sr. VP-Central Region Normand Desautels, Sr. VP-Western Region Serge Dufresne, Sr. VP-Group Caisses Monique F. Leroux, Chmn.
Phone: 418-835-8444 Fax: 418-833-4769 Toll-Free: Address: 100 Ave. des Commandeurs, Levis, QC G6V 7N5 Canada
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Private 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 40,345 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
Plunkett Research, Ltd.
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DEUTSCHE BANK AG
www.deutsche-bank.de
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 4 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 8
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Banking Investment Services Convertible Bonds Trust Services Credit Products Risk Services Asset Securitization Mutual Funds
Deutsche Bank, founded in 1870, is one of the world’s leading international financial services providers, serving more than 13 million customers in 76 countries and managing about $2.3 trillion in assets. Deutsche Bank organizes itself in three divisions: the corporate and investment bank; the private clients and asset management (PCAM) segment; and the corporate investments segment. The corporate and investment bank division is responsible for the company’s capital markets business, which includes the origination, sales and trading of capital markets products including debt, equity and other securities. Additionally, the division offers corporate advisory, corporate lending and transaction banking services. The PCAM division is comprised of Deutsche Bank's investment management business for private and institutional clients, in addition to its traditional banking activities for private individuals and small and medium-sized businesses. PCAM encompasses two further divisions, specifically asset and wealth management and private and business clients. The final segment handles the company’s corporate investment activities. In November 2007, Deutsche Bank opened a branch in Qatar where it offers investment banking and Private Wealth Management services. The company made several acquisitions in 2008 including California based hedge fund administrator, Hedgeworks, LLC, and Far Eastern Alliance Management Co., Ltd, a Taiwanese investment management firm, which is now named Deutsche Far Eastern Asset Management Company Limited; In July 2008, the firm launched Deutsche Bank (Peru) S.A., it’s first subsidiary in Peru.
BRANDS/DIVISIONS/AFFILIATES: United Financial Group Berliner Bank norisbank MortgageIT Holdings, Inc. Berliner Bank AG & Co. KG Hedgeworks, LLC Deutsche Far Eastern Asset Management Company Ltd. Deutsche Bank (Peru) S.A.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Josef Ackermann, Chmn.-Group Exec. Committee Hermann-Josef Lamberti, COO Stefan Krause, CFO Hermann-Josef Lamberti, Dir.-Human Resources Hermann-Josef Lamberti, Dir.-IT Hermann-Josef Lamberti, Dir.-Oper., Cost & Infrastructure Mgmt. Josef Ackermann, Dir.-Corp. Dev. Josef Ackermann, Dir.-Corp. Comm. Hugo Banziger, Chief Risk Officer Jurgen Fitschen, Dir-Regional Mgmt. Anshu Jain, Dir.-Global Markets Rainer Neske, Dir.-Private & Bus. Clients Clemens Boersig, Chmn. Michael Cohrs, Dir-Global Banking Hermann-Josef Lamberti, Dir.-Purchasing, Building & Facilities Mgmt.
Phone: 49-69-910-00 Fax: 49-69-910-34225 Toll-Free: Address: Theodor-Heuss-Allee 70, Frankfurt am Main, 60262 Germany
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $130,846,000 2007 Profits: $9,454,000 U.S. Stock Ticker: DB 2006 Sales: $101,182,511 2006 Profits: $7,903,316 Int’l Ticker: DBK Int’l Exchange: Frankfurt-Euronext 2005 Sales: $72,659,400 2005 Profits: $4,179,800 Employees: 78,291 2004 Sales: $60,631,000 2004 Profits: $3,349,000 Fiscal Year Ends: 12/31 2003 Sales: $54,064,000 2003 Profits: $1,716,000 Parent Company:
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan:
Y
Profit Sharing:
Top Exec. Salary: $1,390,235 Second Exec. Salary: $967,120
Bonus: $6,063,844 Bonus: $2,702,255
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
Plunkett Research, Ltd.
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DEUTSCHE POST AG
www.dpwn.de
Industry Group Code: 492110 Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Express Delivery Service Courier Services Warehousing & Logistics Services Air & Ocean Freight Trucking Railroads Banking Services Consulting Services
Deutsche Post AG (DP), which does business as Deutsche Post World Net and is known as the yellow giant, is one of Europe’s largest postal service providers and a major provider of banking services. The German government controls a 35% stake in the company. Through its DHL Worldwide Network (DHL) subsidiary, DP is one of the world’s leading providers of express delivery and logistics services. The firm is divided into five corporate divisions: MAIL, EXPRESS, LOGISTICS, FINANCE and SERVICES. The MAIL division provides mail communications services; dialog marketing services; press distribution services; German domestic parcel services; global mail services in over 200 countries and regions; and corporate information solutions. The EXPRESS division provides same day, time definite and day definite delivery service throughout Europe, the Americas, Asia Pacific and emerging markets, such as South Africa, Greece and Saudi Arabia. The LOGISTICS division provides air freight, ocean freight, contract logistics, full truckload and less than truckload services through DHL Global Forwarding, DHL Exel Supply Chain and DHL Freight. The FINANCE division provides retail banking services, corporate banking services and transaction banking services through 50% owned Deutsche Postbank. DP’s SERVICES division consists of Global Business Services, providing internal services to the group, and the company’s over 12,500 retail outlets in Germany. In January 2007, DP invested $35 billion in Hong Kong, opening a new facility and relocating an existing office. In November 2007, DP established a $175 million DHL Express North Asia Hub in Shanghai. In December 2007, DHL was selected by Dubai Pearl for a $1.3 billion logistics contract. In January 2008, DHL and Lufthansa Cargo launched AeroLogic, a joint venture cargo carrier. In February 2008, DHL invested roughly $16 million in a new terminal north of Stockholm. DP offers its employees further education programs, flexible working schedules and professional daycare.
BRANDS/DIVISIONS/AFFILIATES: Deutsche Post World Net DHL Worldwide Network SA/NV MAIL EXPRESS LOGISTICS FINANCE SERVICES Deutsche Postbank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Frank Appel, CEO Walter Scheurle, Dir.-Personnel Nicole Mommsen, Dir.-IT & Financials Manfred Harnischfeger, Sr. VP-Corp. Comm. Martin Ziegenbalg, Head-Investor Rel. John Murray Allan, Dir.-Finance & Global Bus. Svcs. Jurgen Gerdes, Dir.-MAIL & PARCEL Germany Wolfgang Klein, Dir.-Financial Svcs. Jurgen Weber, Chmn.-Supervisory Board Martin Dopychai, Head-Media Relations Frank Appel, Chmn. John P. Mullen, Dir.-EXPRESS
Phone: 49-228-182-99-88 Fax: 49-228-182-98-22 Toll-Free: Address: Charles-de-Gaulle-Str. 20, Bonn, 53113 Germany
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $86,900,000 2007 Profits: $1,900,000 U.S. Stock Ticker: 2006 Sales: $79,456,555 2006 Profits: $2,514,690 Int’l Ticker: DPW Int’l Exchange: Frankfurt-Euronext 2005 Sales: $58,998,230 2005 Profits: $2,933,360 Employees: 500,000 2004 Sales: $53,398,000 2004 Profits: $1,976,690 Fiscal Year Ends: 12/31 2003 Sales: $51,739,300 2003 Profits: $1,643,100 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $1,412,677 Second Exec. Salary: $941,784
Bonus: $1,313,790 Bonus: $875,860
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
Plunkett Research, Ltd.
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DEXIA GROUP
www.dexia.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 33
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Public Project Financing Credit Enhancement Retail Banking Asset Management Investment Services Insurance
Dexia Group, created by the merger of Credit Local de France and Credit Communal de Belgique, is one of the largest banking groups in Europe. The group serves public organizations, governments, financial institutions, corporations and individuals through four primary lines of business. The company’s public and project finance and credit enhancement line funds public authorities and public service organizations in the form of direct loans, signed commitments, liquidity guarantees or purchases of securities issued by customers. Dexia’s personal financial services division, including the operations of DenizBank, offers banking and insurance services to more than six million customers, including individuals and small to medium-sized businesses, in Belgium, Luxembourg, Slovakia and Turkey. The firm’s investment management and insurance services division provides asset management services, insurance and investment fund administration services in both international and domestic markets. Subsidiary Dexia Asset Management offers financial analysis and research, fund management and financial management for institutions and private investors. RBC Dexia Investor Services offers global custody, fund and pension administration and shareholder services. Through subsidiary Dexia Insurance & Pension Services, the company supplies life insurance products and pension funds throughout Europe. Finally, Dexia’s treasury and financial markets business line provides money market products such as bonds and equity derivatives for customers of commercial businesses. The company has recently expanded its international holdings through the establishment of two private banking unites in Monaco and Montevideo in September 2007. In November 2007, Dexia signed an agreement with Bradford & Bingley to acquire a loan portfolio in the social housing sector, valued at approximately four billion dollars. In September 2008, the firm received an emergency capital injection of 6.4 billion Euros from the governments of France, Luxemburg and Belgium in exchange for stock representing about a 50% interest in Dexia.
BRANDS/DIVISIONS/AFFILIATES: Credit Local de France Credit Communal de Belgique DenizBank Financial Services Group Dexia Asset Management RBC Dexia Investor Services Dexia Insurance & Pension Services
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Pierre Mariani, CEO Xavier de Walque, CFO Veronique Thirion, Dir.-Human Resources Marc Huybrechts, Dir.-IT Marc Huybrechts, Dir.-Oper. Rembert von Lowis, VP-Strategy & Dev. Rembert von Lowis, Dir.-Investor Rel. Alain Delouis, Treas./Managing Dir.-Financial Markets Hugo Lasat, Dir.-Personal Financial Svcs. & Asset Mgmt. Claude Piret, Dir.-Risk Management Dirk Bruneel, Chmn.-Dexia Bank Nederland Denoit Debroise, Dir.-Treasury & Financial Markets Jean-Luc Dehaene, Chmn.
Phone: 32-2-213-57-00 Fax: 32-2-213-57-01 Toll-Free: Address: Place Rogier 11, Brussels, 1210 Belgium
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $140,780,000 2007 Profits: $3,470,000 U.S. Stock Ticker: 2006 Sales: $95,846,600 2006 Profits: $3,450,300 Int’l Ticker: DX Int’l Exchange: Paris-Euronext 2005 Sales: $72,814,300 2005 Profits: $2,532,300 Employees: 35,202 2004 Sales: $22,388,700 2004 Profits: $2,417,000 Fiscal Year Ends: 12/31 2003 Sales: $20,949,300 2003 Profits: $1,796,200 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $997,308 Second Exec. Salary: $
Bonus: $831,090 Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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DIEBOLD INC
www.diebold.com
Industry Group Code: 334111 Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Computer Hardware-Automated Teller Machines Self-Service Terminals Security Systems Technical Services Software Electronic Voting Machines
Diebold, Inc., incorporated in 1876, develops, manufactures, sells and services self-service transaction systems; electronic and physical security systems; software; and various products used to equip bank facilities and electronic voting terminals. The company’s primary customers include banks and financial institutions, as well as public libraries, government agencies, utilities and various retail outlets. The company is comprised of three segments, Diebold North America (DNA), Diebold International (DI) and Diebold Elections Systems, Inc. (DESI). DNA sells financial and retail systems and also services them in the U.S. and Canada. The DI segment sells and services financial and retail systems in 90 countries worldwide. DESI manufactures and supplies electronic voting terminals and solutions, and is a producer of touch-screen-voting systems. Diebold’s self-service product division provides self-service banking products and is a global supplier of ATMs. The firm’s physical security and facility products division designs and manufactures several financial service solutions, including the proprietary remote teller system (RTS), vaults, safes, safe deposit boxes and drive-up banking equipment. The election systems division, supplied by both DESI and Procomp Industrial Electronica S.A., is one of the largest electronic voting system providers in the world. The integrated security solutions division provides global sales, service, installation, project management and monitoring of electronic security products. The software solutions and services division offers solutions consisting of multiple applications that process events and transactions. In August 2008, Diebold announced the closure of the 100-employee manufacturing plant in Newark, Ohio in early 2009. In August 2008, Diebold also stated its plan to leave the German market and close its subsidiary there, Diebold Germany GmbH. Diebold offers its employees educational assistance, long term disability plan, employee assistance program, adoption assistance, flexible spending accounts and a college scholarship program.
BRANDS/DIVISIONS/AFFILIATES: Diebold North America Diebold International Diebold Elections Systems, Inc. Procomp Industria Electronica S.A. Opteva Diebold 450 ATM
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Thomas W. Swidarski, CEO Thomas W. Swidarski, Pres. Kevin J. Krakora, CFO/Exec. VP Sheila M. Rutt, Chief Human Resources Officer/VP Sean F. Forrester, CIO/VP Warren W. Dettinger, General Counsel./VP George S. Mayes, Jr., Exec. VP-Global Oper. Robert J. Warren, VP-Corp. Dev. & Finance John D. Kristoff, Chief Comm. Officer/VP Timothy J. McDannold, VP/Treas. David Bucci, Sr. VP-Customer Solutions Group M. Scott Hunter, Chief Tax Officer/VP Dennis M. Moriarty, Sr. VP-Global Security Div. John N. Lauer, Chmn. James L.M. Chen, Sr. VP-EMEA & Asia Pacific Divisions George S. Mayes, Jr., Sr. VP-Global Mfg. & Supply Chain
Phone: 330-490-4000 Fax: 330-490-3794 Toll-Free: 800-999-3600 Address: 5995 Mayfair Rd., North Canton, OH 44720-8077 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $2,953,000 2007 Profits: $ U.S. Stock Ticker: DBD 2006 Sales: $2,906,232 2006 Profits: $86,547 Int’l Ticker: Int’l Exchange: 2005 Sales: $2,587,049 2005 Profits: $96,746 Employees: 15,451 2004 Sales: $2,357,108 2004 Profits: $183,797 Fiscal Year Ends: 12/31 2003 Sales: $2,109,700 2003 Profits: $174,800 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $550,000 Second Exec. Salary: $320,000
Bonus: $392,500 Bonus: $171,273
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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DIGITAL INSIGHT CORP
www.digitalinsight.com
Industry Group Code: 511201 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Software-Internet-Based Banks Internet Banking Services e-Commerce Web Site Design Lending Services Internet Service Security Wireless Banking Services
Digital Insight, Inc., a subsidiary of Intuit, Inc., is one of the largest outsourced providers of Internet banking software and services to enable community financial institutions to effectively service their customers. The company’s outsourcing operations include three main product lines: online banking for consumers, which also includes bill payment and bill presentment, check imaging and accountto-account transfers; online banking for businesses, now referred to as online corporate banking (also referred to as online cash management); and online lending for consumer loans. Digital Insight also offers online corporate banking products to large financial institutions that are available either as a licensed software implementation or hosted in data centers as well as web site development and hosting and marketing programs. The firm’s product line is adaptable to serve all tiers of financial institutions and their business customers. Support products and services for consumer and business online banking include web portal technology, wireless capability, target marketing, professional services and web site development and maintenance. Its software products are hosted in-house in the company’s data center and delivered as an on-demand service offering to client financial institutions. In February 2007, Digital Insight was acquired by Intuit for approximately $1.3 billion. In September 2008, the firm released FinanceWorks, which is powered by Quicken, an Intuit product. FinanceWorks allows customers to manage all their financial accounts in one place in order to more easily budget, control spending and save. Digital Insight offers its employees a 401(k) plan, an employee stock purchase plan, an employee assistance program, tuition assistance, product discounts, adoption assistance, a fitness incentive and medical, vision and dental insurance.
BRANDS/DIVISIONS/AFFILIATES: Intuit Inc FinanceWorks
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Sasan Goodarzi,, Pres. Paul J. Pucino, CFO/Exec. VP CeCe Morken, Exec. VP-Sales, Mktg., Delivery & Support Svcs. William Kontgis, CIO/Sr. VP Tom Shen, Exec. VP-Eng. & Products Tom Shen, Exec. VP-Oper. Katherine Jansen, Sr. VP-Bus. Dev. Robert J. Meagher, Exec. VP-Emerging Bus. Robert Surridge, Sr. VP-Lending Div. Jeffrey E. Stiefler, Chmn.
Phone: Fax: 818-878-7555 Toll-Free: 888-344-4674 Address: 26025 Mureau Rd., Calabasas, CA 91302 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $213,971 2005 Profits: $26,541 Employees: 800 2004 Sales: $188,891 2004 Profits: $16,723 Fiscal Year Ends: 12/31 2003 Sales: $154,362 2003 Profits: $46,594 Parent Company: INTUIT INC
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $418,333 Second Exec. Salary: $284,675
Bonus: $428,400 Bonus: $203,847
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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DISCOVER FINANCIAL SERVICES INC Industry Group Code: 522210 Ranks within this company's industry group: Sales: 3 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
www.discoverfinancial.com Profits: 4
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Credit Card Issuer Personal & Home Equity Loans Debit Cards Debit & Credit Card Processing Network Financial Services
Discover Financial Services LLC (DFS) operates the Discover Card and the Discover Network, with approximately 50 million cardholders. The Discover Network includes over 4 million retail and cash outlets. The network offers acceptance with merchants throughout the U.S., Canada, Mexico, and the Caribbean, as well as expanding acceptance in Latin America. The network also operates in China and Japan, via acceptance agreements with China UnionPay and JCB, respectively. DFS operates via two business segments: U.S. Card and Third-Party Payments. U.S. Card issues Discover Card-branded credit cards to individuals and small businesses, and offers consumer loans and deposit products (including equity loans; CD accounts; and money market accounts) through subsidiary Discover Bank. Third-Party Payments includes the PULSE EFT Association, an ATM network subsidiary of DFS that includes 250,000 PULSE-branded ATMs and 3.4 million point-of-sale terminals in all 50 states, as well as the firm’s third-party payments business. In March 2008 Discover Financial Services completed the sale of its U.K.-based credit card business, Goldfish to Barclays Bank PLC for approximately $70 million, discontinuing the company’s International Card business segment. Also in March 2008, DFS launched the Discover Insurance Center, a website that offers consumers auto, homeowner’s and term life insurance and home warranty plans. In July of the same year, the company acquired Diners Club International from Citi for $165 million. In August 2008, DFS launched Discover Income Gap Protection, designed to help customers maintain their finances by providing supplements for loss-of-income events such as unemployment, disability and family leave. Discover offers employee benefits including a healthcare plan with dental and vision; life and disability insurance; an employee stock purchase plan; 401(k) plan; access to a fitness center and health service center; and flexible spending accounts.
BRANDS/DIVISIONS/AFFILIATES: Discover More Card Discover Motiva Card Discover Card Discover Open Road Card Discover Bank PULSE EFT Association Discover Miles Card Diners Club International
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. David W. Nelms, CEO Roger C. Hochschild, COO Roger C. Hochschild, Pres. Roy A. Guthrie, CFO/Exec. VP Margaret H. Georgiadis, Chief Mktg. Officer/Exec. VP Diane E. Offereins, CTO/Exec. VP Kathryn McNamara Corley, General Counsel/Sr. VP/Sec. Kevin Killips, Chief Acct. Officer/Controller Carlos Minetti, Exec. VP-Cardmember Svcs. & Consumer Banking James V. Panzarino, Chief Credit Risk Officer/Sr. VP Harit Talwar, Exec. VP-Discover Network Dennis D. Dammerman, Chmn. Charlotte M. Hogg, Sr. VP-Int'l
Phone: 224-405-0900 Fax: Toll-Free: 800-347-2683 Address: 2500 Lake Cook Rd., Riverwoods, IL 60015 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $6,434,288 2007 Profits: $588,630 U.S. Stock Ticker: DFS 2006 Sales: $4,300,000 2006 Profits: $1,600,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 14,000 2004 Sales: $5,221,000 2004 Profits: $ Fiscal Year Ends: 11/30 2003 Sales: $5,500,000 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $900,000 Second Exec. Salary: $500,000
Bonus: $2,750,000 Bonus: $2,300,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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DITECH.COM
www.ditech.com
Industry Group Code: 522310A Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgage Origination Direct Lending Online Services
Ditech.com, a business unit of GMAC Mortgage Corporation, is a leader in the direct lending industry. As a direct lender, customers are offered mortgages without the intermediary of a broker. The company offers a variety of products, including first mortgages, fixed-rate second mortgages, variable equity lines of credit and no-closing-cost-option equity seconds. Its online capabilities allow customers to communicate with loan agents from home, work or on the road and provide 24-hour access to information, loan calculator tools and customer service. Customers are asked to take part in a five step process which involves determining the customer’s purchasing power; the customer’s goals and situation; and choosing a loan appropriate to the home they wish to purchase. The firm has found that its flat-fee program, which opened in the late 1990s, is a popular solution for customers wary of hidden fees when refinancing. Within the first 18 months of launching the program, ditech.com had signed up over 30,000 customers for the $395 flat-fee program. The firm’s ditechatwork.com is designed to be a financing program used by employers as an employee benefit resource, entitling employees to discounts on mortgage rates integrated in their benefits packages. In May 2007, the firm launched its Real Life Plan, which combines a mortgage or refinance with a home equity line of credit and the Ditech Equity Rewards MasterCard, to help pay down the loan principal with use. In October 2007, due to market conditions, the firm announced plans to cut approximately 30% of the employees working at the firm’s Costa Mesa, California, headquarters, and also eliminate about 20 jobs in its Phoenix, Arizona location.
BRANDS/DIVISIONS/AFFILIATES: GMAC Mortgage Corporation ditechatwork.com Real Life Plan
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Richard D. Powers, Gen. Mgr./Sr. VP Phil Armstrong, VP-Mktg.
Phone: 714-800-5800 Fax: 714-800-5801 Toll-Free: 800-803-7656 Address: 3200 Park Ctr. Dr., Ste. 150, Costa Mesa, CA 92626 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company: GMAC MORTGAGE CORPORATION
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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DOLLAR FINANCIAL CORP
www.dfg.com
Industry Group Code: 522390 Ranks within this company's industry group: Sales: 3 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Check Cashing Payday Loans Money Transfers Bill Payment Pawn Loans Tax Preparation Photo ID Foreign Exchange
Dollar Financial Corporation (DFC), operating through subsidiary Dollar Financial Group, is a leading international financial services company that provides a range of consumer financial products and services including check cashing, short-term consumer loans, longer-term installment loans, legal document preparation services, money orders and money transfers. The company targets consumers who receive income on an irregular basis or from multiple employers and individuals who choose not to utilize or cannot obtain a regular bank account. Subsidiary Dollar Financial Group, Inc. operates the company’s network of over 1,452 stores in the U.S., Canada, U.K., and the Republic of Ireland under the store names of Money Mart, Loan Mart, Money Shop, Insta-Cheques, Money Corner, The Check Cashing Store, American Payday Loans, American Check Casher, Check Casher, Payday Loans, Cash Advance, Cash Advance USA, and We The People. All of the stores offer CASH ‘TIL PAYDAY loans and money transfers, with Money Mart and Money Shop locations also providing check cashing, loyalty cards, bill payment, prepaid telephone services and foreign currency exchange. In addition, all U.S. stores provide tax preparation, and Money Shop stores offer pawn loans on gold or jewelry. The company also originates a small number of installment loans, typically for a term of one year. Business strategies focus on expansion and growth into new markets as well as increasing efficiencies of services in current markets. In December 2007, Dollar agreed to acquire 82 financial services stores in southeast Florida from CCS Financial Services, Inc. These stores offer check cashing, payday loans and other ancillary products. In December 2007, DFC also announced the acquisition of seven financial services stores in the southwestern U.K., bringing the total number of stores in the Company's global network to 1,445 locations. As of June 2008, there are 480 financial services stores in DFC’s Canadian network.
BRANDS/DIVISIONS/AFFILIATES: Money Mart Loan Mart Money Shop Insta Cheque CASH ‘TIL PAYDAY We The People USA, Inc. CCS Financial Services, Inc. Money Corner
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Jeffrey Weiss, CEO Norman Miller, COO/Exec. VP Randy Underwood, CFO/Exec. VP Melissa Soper, Sr.VP-Corp./Admin/Gen. Mgr. We The People Roy W. Hibberd, General Counsel/Sec. Jeff Wheatley, Managing Dir.-Global Strategy & Dev. William Athas, Sr. VP-Finance/Corp. Controller Sydney Franchuk, Sr. VP/Chmn.-National Money Mart Paul Mildenstein, Managing Dir.-U.K. Oper. Peter Sokolowski, Sr. VP-Finance/Treas. Patti Smith, Sr. VP-N. American Oper. Jeffrey Weiss, Chmn.
Phone: 610-296-3400 Fax: 610-296-7844 Toll-Free: Address: 1436 Lancaster Ave., Ste. 300, Berwyn, PA 19312 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $291,566 2007 Profits: $- 357 U.S. Stock Ticker: DLLR 2006 Sales: $328,521 2006 Profits: $6,965 Int’l Ticker: Int’l Exchange: 2005 Sales: $291,566 2005 Profits: $- 357 Employees: 4,795 2004 Sales: $246,107 2004 Profits: $-28,033 Fiscal Year Ends: 6/30 2003 Sales: $219,388 2003 Profits: $-8,594 Parent Company:
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Y Savings Plan: Y
Y
Profit Sharing:
Top Exec. Salary: $831,044 Second Exec. Salary: $392,500
Bonus: $1,134,421 Bonus: $660,851
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
Plunkett Research, Ltd.
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DORAL FINANCIAL CORP
www.doralfinancial.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 115 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 146
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Insurance
Doral Financial Corporation, based in Puerto Rico, specializes in providing selected consumer financial services through its mortgage origination offices, bank branches and full-service broker/dealer subsidiary. Doral operates in four segments: Banking, Mortgage Banking, Insurance Agency and Institutional Securities. Through its principal banking subsidiary, Doral Bank PR (Puerto Rico), Doral accepts deposits from the general public and institutions; obtains borrowings; originates and invests in loans (primarily residential real estate mortgage loans); invests in mortgagebacked securities and other investment securities; and offers traditional banking services. Approximately 94% of Doral Bank’s loan portfolio is secured by real estate. Doral Bank operates 41 branches in Puerto Rico and has $7.6 billion in assets. The firm’s Mortgage Banking segment relates to the business of its Doral Financial holding company. Prior to 2007, the holding company and its subsidiaries were engaged in mortgage originations, securitization and related activities. As part of its business transformation effort, Doral transferred its mortgage origination and servicing platforms to Doral Bank. The firm’s mortgage origination business is now conducted by Doral Mortgage LLC, a subsidiary of Doral Bank. Subsidiary Doral Insurance Agency offers property, casualty, life and title insurance primarily to its mortgage loan customers. During 2007, the firm’s Doral Securities subsidiary withdrew its license as broker dealer and its operations are subsequently limited to acting as a coinvestment manager to a local fixed-income investment company. Doral intends to assign this contract to Doral Bank. In July 2007, Doral Bank NY sold its 11 branches in New York City to New York Commercial Bank, the commercial bank subsidiary of New York Community Bancorp for approximately $9.8 million. In February 2008, the company acquired the CitiSeguros PR Retail Bank insurance portfolio, adding over 10,000 new clients with insurance policies in personal and commercial lines, including health, disability, auto, property and casualty.
BRANDS/DIVISIONS/AFFILIATES: Doral Bank PR Doral Mortgage LLC Doral Insurance Agency Doral Securities
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Glen R. Wakeman, CEO Gerardo Leiva, COO/Exec. VP Glen R. Wakeman, Pres. Marangal I. Domingo, CFO/Chief Investment Officer Lesbia Blanco, Chief Talent Officer/Exec. VP Javier J. Abreu, VP-IT Lesbia Blanco, Chief Admin. Officer Enrique R. Ubarri, General Counsel/Exec. VP Christopher Poulton, Chief Bus. Dev. Officer/Exec. VP Olga Mayoral-Wilson, Dir.-Corp. Comm. Laura Vazquez, Principal Acct. Officer/Controller Calixto Garcia-Velez, Exec. VP/Head-Consumer Banking Div. Paul Makowski, Exec. VP/Chief Risk Officer Dennis G. Buchert, Chmn.
Phone: 787-474-6700 Fax: 787-767-9098 Toll-Free: Address: 1451 Franklin D. Roosevelt Ave., San Juan, PR 009202717 Puerto Rico
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $643,574 2007 Profits: $-170,908 U.S. Stock Ticker: DRL 2006 Sales: $866,177 2006 Profits: $-223,901 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,054,531 2005 Profits: $13,192 Employees: 1,435 2004 Sales: $846,531 2004 Profits: $214,794 Fiscal Year Ends: 12/31 2003 Sales: $879,459 2003 Profits: $321,299 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $1,000,000 Second Exec. Salary: $600,000
Bonus: $8,650,450 Bonus: $2,250,450
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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DOWNEY FINANCIAL CORP
www.downeysavings.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 95 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 118
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgage Loans Investment Securities Insurance Real Estate Services
Downey Financial Corp., with approximately $13.5 billion in assets, is the holding company of Downey Savings and Loan Association (DSLA), a federally chartered savings and loan association primarily involved with residential real estate mortgage loans, mortgage-backed securities and investment securities. DSLA offers a full line of deposit banking services, such as checking and savings accounts. The company’s lending activities emphasize first mortgage loans secured by residential properties. DSLA focuses on the origination of adjustable rate single family mortgage loans, as well as home equity loans, multi-family loans secured by real estate, commercial real estate loans, construction loans to developers, loans to individuals for the financing of single family homes, residential lot loans and consumer loans. The primary sources of revenue for the company’s banking activities come from interest on loans, fees, securities income and gains in sales of loans. That revenue is then used to originate its residential real estate mortgage loans, as well as investment securities and mortgage-backed securities. Downey operates a web site that offers online banking, loan applications and a list of foreclosure properties for sale. Other subsidiaries of the firm include Downey Affiliated Insurance Agency and DSL Service Company, a real estate subsidiary engaged in development, construction and property management. In September 2008, DSLA sold a portion of its non-core real estate assets to an undisclosed third party for $110 million. Downey offers its employees flexible spending accounts, an employee assistance program, a 401(k) plan, an employee stock purchase plan, a free checking account, a free savings account and medical, dental and vision insurance.
BRANDS/DIVISIONS/AFFILIATES: Downey Savings & Loan Association DSL Service Company Downey Affiliated Insurance Agency
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Charles R. Rinehart, CEO Jon A. MacDonald, COO/Exec. VP Brian E. Cote, CFO/Exec. VP Hugh C. Chewning, Sr. VP/Dir.-Mktg. Lorraine H. Sapak, Sr. VP/Dir.-Human Resources Robert Suarez, CIO/Exec. VP Jon A. MacDonald, General Counsel/Corp. Sec./Exec. VP Lillian E. Gavin, Exec. VP/Dir.-Operational & Compliance Risk Kent J. Smith, Sr. VP/Controller Cliff J. Piscitelli, Exec. VP/Chief Lending Officer J.P. Perfili, Exec. VP/Dir.-Retail Banking David A. Casty, Exec. VP/Mgr.-DSL Svcs. Stanley M. Tarbell, Sr. VP/Tax Dir. Michael Bozarth, Chmn.
Phone: 949-854-0300 Fax: 949-854-4979 Toll-Free: Address: 3501 Jamboree Rd., Newport Beach, CA 92660 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,036,637 2007 Profits: $56,599 U.S. Stock Ticker: DSL 2006 Sales: $1,227,542 2006 Profits: $205,174 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,032,781 2005 Profits: $217,434 Employees: 1,850 2004 Sales: $663,200 2004 Profits: $107,700 Fiscal Year Ends: 12/31 2003 Sales: $610,500 2003 Profits: $101,700 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $650,000 Second Exec. Salary: $520,000
Bonus: $ Bonus: $1,500
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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DRESDNER BANK AG
www.dresdner-bank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 59 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 61
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Corporate Banking & Finance Insurance Asset Management Investment Banking Consumer Financing
Dresdner Bank AG, currently a subsidiary of insurance giant Allianz SE, is one of Germany’s largest banks, with over $588 billion in assets and approximately 1,074 branch offices in more than 50 countries. The company’s operations consist of two core business units: Private and Corporate Clients and Investment Banking, plus a Business Services segment that handles administrative tasks. Under Private and Corporate clients, there are five units: Personal Banking, Private Banking, Business Banking, Private Wealth Management and Corporate Banking. The Private and Corporate Client segment as a whole provides products to individuals that deliver asset accumulation, financing, retirement provision and insurance. It offers individual asset management for high-net-worth clients, including retirement and financing provisions, and customized financial and asset planning. It also provides advisory services to corporate customers to arrange their private and business finances. The corporate banking segment acts as an integrated wholesale bank for approximately 9,000 large and corporate customers in Germany. It also provides some investment banking services. Investment Banking is overseen by Dresdner-Kleinwort (DK). DK is an international investment bank that provides investment banking, capital market products and capital market advisory services to governments, international enterprises, financial institutions and investors. As part of the Allianz group, the bank offers life and non-life and health insurance products. Dresdner Bank has been integrating its business units and establishing distinct divisions for Private & Corporate Clients, Investment Banking and Business Services. As part of its restructuring plan, Dresdner Bank plans to cut 2,480 jobs by 2008, half of them in transaction processing and loan processing, and half in central and regional management functions. Starting in September 2008, Allianz SE began an acquisition process in which Dresdner Bank will be sold to Commerzbank AG in a two-step transaction. The acquisition is expected to be complete by the end of 2009. Allianz will become the largest shareholder in Commerzbank.
BRANDS/DIVISIONS/AFFILIATES: Allianz Group Dresdner Kleinwort Commerzbank AG Dresdner Bank (Switzerland), Ltd. Dresdner Bank Luxembourg Reuschel & Co. Privatbankiers Oldenburgische Landesbank DDS Dresdner Direktservice GmbH
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Herbert Walter, Chmn.-Board of Managing Dir. Franz Herrlein, COO Klaus Rosenfeld, CFO Andreas Georgi, Dir.-Advisory & Sales-Private & Corp. Clients Wulf Meier, Chief Human Resources Officer Friedrich Wobking, Chief IT Officer Andree Moschner, Dir.-Clients & Prod., Private & Corp. Clients Stefan Jentzsch, Dir.-Kleinwort Investment Banking Otto Steinmetz, Chief Risk Officer Michael Diekmann, Chmn.
Phone: 49-69-263-0 Fax: 49-69-263-4831 Toll-Free: Address: Jurgen-Ponto-Platz 1, Frankfurt am Main, D-60329 Germany
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $7,254,320 2007 Profits: $626,061 U.S. Stock Ticker: Subsidiary 2006 Sales: $9,683,390 2006 Profits: $1,236,540 Int’l Ticker: Int’l Exchange: 2005 Sales: $8,563,390 2005 Profits: $2,430,440 Employees: 26,309 2004 Sales: $14,750,300 2004 Profits: $35,500 Fiscal Year Ends: 12/31 2003 Sales: $12,598,400 2003 Profits: $-2,496,600 Parent Company: ALLIANZ SE
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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DST SYSTEMS INC
www.dstsystems.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 5 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Data Processing-Financial Financial Services Software Systems Bill & Statement Processing Solutions Professional Services
DST Systems, Inc. operates through several business units that provide information processing software, services and products. The firm’s financial services segment provides information processing and other products and services primarily to mutual funds, investment managers, insurance companies, banks, brokers, financial planners, real estate partnerships, providers of healthcare plans, third party administrators, medical practice groups and healthcare providers. Its proprietary software systems include mutual fund shareowner, sub-account and unit trust recordkeeping systems for U.S. and international mutual fund companies; a defined-contribution participant recordkeeping system for the U.S. retirement plan market; investment management systems offered to U.S. and international investment managers and fund accountants; a business process management and customer contact system offered to mutual funds, insurance companies, brokerage firms, banks, healthcare payers, healthcare providers, cable television operators and mortgage servicing organizations; and healthcare claims administration processing systems and services, including consumer directed healthcare administration solutions, offered to providers of healthcare plans, third party administrators and medical practice groups. DST’s output solutions segment provides single-source, integrated print and electronic statement and billing output solutions; marketing and personalization services; and postal optimization solutions. The segment operates from five production facilities located throughout the U.K. and North America. Subsidiary DST Output is a leading First-Class mailer in the U.S. and uses continuous, high-speed, full-color inkjet printing systems. DST Output Canada provides customer communications and document automation solutions to the Canadian market. DST International Output provides personalized print and electronic communications principally in the U.K. DST’s investments and other segment hold investments in equity securities, private equity funds, certain financial interests and the firm’s real estate subsidiaries and affiliates. DST offers its employees company-sponsored events, flexible spending accounts and medical, dental, vision, life and disability insurance.
BRANDS/DIVISIONS/AFFILIATES: DST Output DST Output Canada DST International Output
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Thomas A. McDonnell, CEO Thomas A. McCullough, COO/Exec. VP Thomas A. McDonnell, Pres. Kenneth V. Hager, CFO/VP/Treas. Randall D. Young, General Counsel/VP/Corp. Sec. Gregg William Givens, Chief Acct. Officer/VP Jonathan J. Boehm, Group VP-Mutual Funds Steven J. Towle, CEO/Pres., DST Output LLC A. Stephan Sabino, Pres., DST Health Solutions Inc. Robert L. Tritt, VP-Mutual Funds Remote Thomas R. Abraham, CEO-DST International
Phone: 816-435-1000 Fax: 816-843-9245 Toll-Free: 888-378-4636 Address: 333 W. 11th St., 5th Fl., Kansas City, MO 64105-1594 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $2,302,500 2007 Profits: $874,700 U.S. Stock Ticker: DST 2006 Sales: $2,235,800 2006 Profits: $272,900 Int’l Ticker: Int’l Exchange: 2005 Sales: $2,515,100 2005 Profits: $424,600 Employees: 11,000 2004 Sales: $2,428,600 2004 Profits: $222,800 Fiscal Year Ends: 12/31 2003 Sales: $1,724,900 2003 Profits: $320,800 Parent Company:
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan: Y
Y
Profit Sharing:
Top Exec. Salary: $750,000 Second Exec. Salary: $575,000
Bonus: $2,277,116 Bonus: $1,603,663
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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DUN & BRADSTREET CORP (THE, D&B) Industry Group Code: 561450 Ranks within this company's industry group: Sales: 5 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
www.dnb.com
Profits: 3
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Global Business Credit Bureau Credit Risk Management Support Purchasing & Supply Chain Intelligence Account Collection Support Online Business Information Decision Support Services
The Dun & Bradstreet Corp. (D&B) is a worldwide provider of business information and related decision support services. The firm’s database contains statistics on more than 125 million companies in over 190 countries. D&B’s four core software product lines include Risk Management Solutions, which manages credit exposure; Sales & Marketing Solutions, which assists clients in acquiring and managing customers; Supply Management Solutions, which assists with managing supplier relationships; and E-Business Solutions, which helps customers convert prospects into clients. The company also provides credit information solutions to help its customers extend commercial credit; approve loans and leases; underwrite insurance; evaluate clients; and make other financial and risk assessment decisions. D&B’s proprietary DUNSRight process includes its D-U-N-S numbering system, which identifies and tracks the progress of a business, and predictive indicators, which rate past performance and predict future performance. Subsidiary Hoover’s, Inc. is an Internet-based provider of industry and market intelligence on public and private companies. D&B’s purchasing information solutions help clients understand their supplier base and evaluate new sources of supply. The company additionally offers its clients a range of accounts receivable management services, including third-party collection of accounts, demand letterwriting services and receivable outsourcing programs. D&B generates approximately 78% of its revenue in the U.S. and approximately 22% internationally. In March 2007, the company acquired First Research, a leading Internet provider of editorial-based industry insight, for $22.5 million. In December 2007, D&B sold its Italian real estate business. Also during 2007, the firm acquired Purisma Incorporated, AllBusiness.com, Inc., substantially all the assets of n2Check Limited and substantially all the assets of the Education Division of Automation Research, Inc. (d.b.a. MKTG Services). D&B offers its employees educational assistance, a commuter benefit program, an employee assistance program, adoption assistance, flexible spending accounts and medical, dental, vision, life and travel accident insurance.
BRANDS/DIVISIONS/AFFILIATES: D&B DUNSRight D-U-N-S Number System Risk Management Solutions Sales & Marketing Solutions Supply Management Solutions E-Business Solutions Hoover's Inc
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Steven W. Alesio, CEO Sara Mathew, COO Sara Mathew, Pres. Anastasios (Tasos) Konidaris, CFO/Sr. VP Jim Delaney, Sr. VP-Global Sales & Mktg. Solutions Patricia A. Clifford, Sr. VP-Human Resources Byron C. Vielehr, CIO Byron C. Vielehr, Sr. VP-Tech. Jeffrey Hurwitz, General Counsel/Corp. Sec./Sr. VP James P. Burke, Pres., U.S. Customer Segments Stacy Cashman, Managing Dir.-D&B U.K. & Ireland D&B Joseph DiBartolomeo, Sr. VP-Strategic Customer Solutions David J. Emery, Sr. VP-Asia Pacific & Int'l Bus. Dev. Steven W. Alesio, Chmn. Charles Gottdiener, Pres., Global Solutions
Phone: 973-921-5500 Fax: 866-560-7035 Toll-Free: 800-234-3867 Address: 103 JFK Pkwy., Short Hills, NJ 07078 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,599,200 2007 Profits: $298,100 U.S. Stock Ticker: DNB 2006 Sales: $1,474,900 2006 Profits: $240,700 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,443,600 2005 Profits: $221,200 Employees: 4,900 2004 Sales: $1,414,000 2004 Profits: $211,800 Fiscal Year Ends: 12/31 2003 Sales: $982,000 2003 Profits: $101,000 Parent Company:
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan: Y
Y
Profit Sharing:
Top Exec. Salary: $870,000 Second Exec. Salary: $550,000
Bonus: $1,875,000 Bonus: $1,006,250
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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DYNEX CAPITAL INC
www.dynexcapital.com
Industry Group Code: 525930 Ranks within this company's industry group: Sales: 5 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgage REIT Real Estate Investment Trust Collateralized Bonds
Dynex Capital, Inc. is a financial services company, organized as a real estate investment trust (REIT), that invests in loans and securities consisting primarily of singlefamily residential and commercial mortgage loans. These loans and securities are financed through a combination of non-recourse securitization financing, repurchase agreements and equity. Its investment policy allocates the firm’s capital amongst short-term, highly liquid investments, investment grade fixed income investments, subordinate and credit, as well as strategic investments in equity and equitylike securities of other companies, including other REIT companies. In addition, the firm owns some non-investment grade investments. Its ownership of non-investment grade securities is usually in the form of the first-loss or subordinate classes of securitization trusts, most of which the company sponsors. Dynex is in the process of converting non-core assets, such as manufactured housing loans and delinquent property tax receivables, into cash to provide financial flexibility.
BRANDS/DIVISIONS/AFFILIATES:
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Stephen J. Benedetti, COO/Exec. VP Alison G. Griffin, VP-Human Resources John L. Goodhue, VP-Info. Systems Stephen J. Benedetti, Corp. Sec. Alison G. Griffin, VP-Investor Rel. Jeffrey Childress, Controller Robert M. Nilson, Jr., VP-Risk Mgmt. Wayne E. Brockwell, VP-Portfolio Stephen J. Benedetti, Treas. Thomas B. Akin, Chmn.
Phone: 804-217-5800 Fax: 804-217-5860 Toll-Free: Address: 4551 Cox Rd., Ste. 300, Glen Allen, VA 23060-6740 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $30,778 2007 Profits: $8,899 U.S. Stock Ticker: DX 2006 Sales: $50,449 2006 Profits: $4,909 Int’l Ticker: Int’l Exchange: 2005 Sales: $74,395 2005 Profits: $9,585 Employees: 11 2004 Sales: $136,713 2004 Profits: $-3,375 Fiscal Year Ends: 12/31 2003 Sales: $152,215 2003 Profits: $-21,107 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $225,000 Second Exec. Salary: $180,000
Bonus: $135,000 Bonus: $120,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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E*TRADE FINANCIAL CORPORATION Industry Group Code: 523120E Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
www.etrade.com Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Stock Brokerage/Investment Management-Online Lending Portfolio Tracking & Records Management Corporate Stock Plan Solutions Venture Capital Market Making Financial Planning Services Banking
E*TRADE Financial Corporation uses online technology to provide brokerage, banking and lending products to its retail, corporate and institutional customers. The firm operates branded websites in 12 countries. Retail customers can move money electronically between brokerage, banking and lending accounts and have access to financial centers in dozens of cities and over 15,000 ATMs throughout the U.S. and Canada. Institutional customers have access to a broad range of brokerage products and services, including crossborder trading and third-party independent research, while corporate clients use the company’s employee stock plan administration and options management tools. E*TRADE’s brokerage business is largely designed to serve the needs of self-directed investors. The company has recently been supplementing its investment adviser managing options, mainly for clients with over $250,000. Other services include automated order placement, streaming quotes, advanced trading platforms, personalized portfolio tracking, access to nearly 6,000 mutual funds, futures, options trading, bond trading, individual retirement accounts, college savings plan products, market commentary and news and stock option plan administration. Customers have access to these services 24 hours a day worldwide. The firm’s banking segment offers interest-earning checking accounts, money market and savings accounts and CDs through E*TRADE Bank. It also operates through E*TRADE Mortgage Corporation, a direct-to-consumer mortgage loan originator. During 2007, the company launched operations in Singapore and The Netherlands. In September 2008, E*TRADE sold its Canadian operations (E*TRADE Canada) to Scotiabank for $442 million. In June 2008, the company introduced a mobile platform that allows customers to make trades from their Blackberries. The firm offers its employees a wide range of benefits, including Hyatt legal services, flexible spending accounts, life insurance, short and long term disability, dental and vision insurance, tuition reimbursement and licensing training.
BRANDS/DIVISIONS/AFFILIATES: E*TRADE Consumer Finance Corporation E*TRADE Securities E*TRADE Mortgage Corporation E*TRADE Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Donald H. Layton, CEO R. Jarret Lilien, COO R. Jarrett Lilien, Pres. Matthew J. Audette, Acting CFO Nicholas A. Utton, Chief Mktg. Officer Gregory A. Framke, CIO/Managing Dir. Russell S. Elmer, General Counsel/Corp. Sec. Richard Taylor, Managing Dir.-Global Oper. Matthew J. Audette, Exec. VP/Controller Robert V. Burton, Pres., E*Trade Bank Michael J. Curcio, Managing Dir.-Americas Donald H. Layton, Chmn. Mathias Helleu, Managing Dir.-Int'l
Phone: 650-331-6000 Fax: 888-276-9771 Toll-Free: 800-387-2331 Address: 135 E. 57th St., New York, NY 10022 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $3,569,711 2007 Profits: $-1,441,754 U.S. Stock Ticker: ETFC 2006 Sales: $2,420,321 2006 Profits: $628,900 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,703,845 2005 Profits: $430,412 Employees: 3,800 2004 Sales: $1,482,922 2004 Profits: $380,483 Fiscal Year Ends: 12/31 2003 Sales: $1,438,799 2003 Profits: $203,027 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $750,000 Second Exec. Salary: $650,000
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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EAST WEST BANCORP INC
www.eastwestbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 104 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 81
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Business Finance Real Estate Lending Insurance Services
East West Bancorp, Inc., with $10.8 billion in assets, is the holding company for East West Bank, the first federallychartered savings institution focused primarily on the Chinese-American community, which opened its first office in the Chinatown district of Los Angeles in 1972. The bank specializes in lending for commercial, construction and residential real estate projects and financing international trade for California companies. East West Bank is one of the largest banks headquartered in Los Angeles County. Through its network of 72 retail branches in California, it provides a range of personal and commercial services to small and medium-sized businesses, business executives, professionals and other individuals. The bank offers multilingual services in English, Cantonese, Mandarin, Vietnamese and Spanish. It also offers a full range of deposit products. East West Bank has an overseas office in Beijing, China that allows it to assist existing clients, as well as develop new business relationships. The company also owns several statutory business trusts and East West Insurance Services, Inc., which provides business and consumer insurance services. The company has a strategic partnership with 99 Ranch Market, one of the largest Asianfocused chain of supermarkets on the West Coast, to provide retail banking services in their stores throughout California. Since 1999, East West has made a number of acquisitions, including First Central Bank; American International Bank; Prime Bank; Pacific Business Bank; Trust Bank; and United National Bank. East West recently acquired Standard Bank, a $923 million asset federal savings bank headquartered in Monterey Park, California.
BRANDS/DIVISIONS/AFFILIATES: East West Bank East West Insurance Services, Inc. 99 Ranch Market First Central Bank American International Bank Prime Bank Standard Bank Desert Community Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Dominic Ng, CEO Dominic Ng, Pres. Thomas J. Tolda, CFO/Exec. VP Douglas P. Krause, General Counsel/Corp. Sec./Exec. VP Julia Gouw, Chief Risk Officer Wellington Chen, Exec. VP/Dir.-Corp. Banking Dominic Ng, Chmn.
Phone: 626-768-6000 Fax: 626-799-3167 Toll-Free: 888-895-5650 Address: 135 N. Los Robles Ave., 7th Fl., Pasadena, CA 91101 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $824,875 2007 Profits: $161,167 U.S. Stock Ticker: EWBC 2006 Sales: $694,408 2006 Profits: $143,369 Int’l Ticker: Int’l Exchange: 2005 Sales: $441,048 2005 Profits: $108,380 Employees: 1,361 2004 Sales: $283,896 2004 Profits: $78,022 Fiscal Year Ends: 12/31 2003 Sales: $211,489 2003 Profits: $58,992 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $791,667 Second Exec. Salary: $286,654
Bonus: $1,208,000 Bonus: $320,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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EFD EFUNDS CORPORATION
www.efunds.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Payment Processing Electronic Debit Payment Services Information & Technology Solutions Business Process Outsourcing ATM Management & Consulting Decision Support & Risk Management Prepaid Cards
EFD eFunds Corporation provides electronic transaction processing, ATM management, risk management and professional services to financial institutions, retailers, transfer networks, e-commerce providers and government clients. The company's businesses are divided into three segments: Financial Services, Retail and Government. Its financial services division provides financial services companies and other large enterprises with account opening and payment solutions, through its EFD DebitBureau and EFD ChexSystems QualiFile solutions; fraud control; and help in meeting global compliance requirements. The retail segment provides assistance in minimizing fraud, through its EFD FraudShield and EFD FraudFinder solutions; enhancing revenue opportunities; and integrating virtual and real world point-of-sale. Finally, the government segment provides electronic benefits transfer (EBT) processing services, through its EBT EDGE System, for food stamp and cash benefits; enhance back-door productivity; and reduce check processing costs. Late in 2007, Fidelity National Information Services, Inc. acquired EFD for $1.8 billion. EFD provides its staff with an employee assistance program, tuition reimbursement, discounted legal services, dependent care reimbursement and discounted home and auto insurance.
BRANDS/DIVISIONS/AFFILIATES: DebitBureau ChexSystems QualiFile FraudShield FraudFinder eFunds Corporation ebt EDGE System
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Paul F. Walsh, CEO George W. Gresham, CFO Kay Nichols, Exec. VP-Mktg. & Strategy Laura De Cespedes, Exec. VP-Human Resources Clyde Thomas, CIO Clyde Thomas, Sr. VP-Global Tech. Kay Nichols, Exec. VP-Prod. Dev. George W. Gresham, Chief Admin. Officer Steven F. Coleman, General Counsel/Exec. VP/Corp. Sec. Clyde Thomas, Exec. VP-Global Oper. George W. Gresham, Exec. VP-Finance Nelson G. Eng, Pres., eFunds U.S. Paul F. Walsh, Chmn.
Phone: 480-629-7700 Fax: 480-629-7701 Toll-Free: Address: 4900 N. Scottsdale Rd., Ste. 1000, Scottsdale, AZ 85251 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $552,414 2006 Profits: $54,546 Int’l Ticker: Int’l Exchange: 2005 Sales: $501,708 2005 Profits: $50,412 Employees: 5,300 2004 Sales: $552,148 2004 Profits: $37,030 Fiscal Year Ends: 12/31 2003 Sales: $532,100 2003 Profits: $28,900 Parent Company: FIDELITY NATIONAL INFORMATION SERVICES INC
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan: Y
Y Y Y
Profit Sharing:
Top Exec. Salary: $600,000 Second Exec. Salary: $296,000
Bonus: $575,022 Bonus: $142,005
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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ELECTRONIC CLEARING HOUSE INC Industry Group Code: 522320 Ranks within this company's industry group: Sales: 16 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
www.echo-inc.com Profits: 11
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Credit Card Processing Point-of-Sale Equipment Internet Transaction Delivery Check Guarantee Services Integrated Software Applications
Electronic Clearing House, Inc. (ECHO) provides debit and credit card processing, check guarantee, check conversion, check re-presentment, inventory tracking and bank processing services across the U.S. The company also provides nationwide check verification services and electronic and traditional check collection services. ECHO has developed software and hardware for these services, including electronic funds transfer systems, network management systems, specialized point-of-sale (POS) terminals/printers and integrated software applications. The firm has developed and maintains four methods of payment tracking: via the Internet, various point-of-sale terminals, fax machines and both cellular and touch-tone phones. ECHO has two subsidiaries, XPRESSCHEX, Inc. and the National Check Network (NCN), and a sister company, Innovative Merchant Solutions, a bankcard processor. XPRESSCHEX provides electronic check processing for financial institutions and third-party partners on a wholesale basis. It also handles collections for ECHO’s full-service check services. The NCN provides risk protection to ECHO’s customers through check verifications and authorizations from a database composed of data from over 260 collection agencies throughout the U.S. The company has an agreement with CTW Prepaid, LLC to provide Visa POS check services to CTW’s customers. In 2007, the company entered into a partnership with Professional Solutions, a market leader in childcare management software, to consolidate its payment processing services for its 15,000 child care clients' ACH and credit card payments into a single processor. In March 2008, Intuit, Inc., a leading provider of business and financial management solutions, completed the acquisition of ECHO for approximately $131 million. ECHO offers its employees a benefits package including a 401(k) plan and educational assistance. It also offers summer employment for the teenage children of employees.
BRANDS/DIVISIONS/AFFILIATES: Innovative Merchant Solutions XPRESSCHEX, Inc. National Check Network Intuit Inc
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Joel M. Barry, CEO Charles J. Harris, COO Charles J. Harris, Pres. Alice L. Cheung, CFO Karl Asplund, Sr. VP-Sales Rick Slater, CTO Joseph Stubbs, General Counsel Steve Hoofring, VP-Oper. Kris Winckler, Sr. VP-Product & Strategic Planning Alice L. Cheung, Treas. Sharat Shankar, Sr. VP/Gen. Mgr.-Check Svcs. Patricia A. Williams, Gen. Mgr.-Credit Card Svcs. Jack Wilson, Sr. VP-Credit Card Svcs. Jack Wilson, VP-Merchant Svcs. Joel M. Barry, Chmn.
Phone: 805-419-8700 Fax: 805-419-8694 Toll-Free: 800-262-3246 Address: 730 Paseo Camarillo, Camarillo, CA 93010 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $76,884 2007 Profits: $-2,381 U.S. Stock Ticker: Subsidiary 2006 Sales: $75,311 2006 Profits: $2,317 Int’l Ticker: Int’l Exchange: 2005 Sales: $55,551 2005 Profits: $1,033 Employees: 230 2004 Sales: $47,584 2004 Profits: $2,849 Fiscal Year Ends: 9/30 2003 Sales: $40,636 2003 Profits: $-3,379 Parent Company: INTUIT INC
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan: Y
Y
Profit Sharing:
Top Exec. Salary: $261,875 Second Exec. Salary: $147,500
Bonus: $50,000 Bonus: $42,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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E-LOAN INC
www.eloan.com
Industry Group Code: 522310A Ranks within this company's industry group: Sales: 2 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Online Mortgage Broker Debt Consolidation Small Business Loans Credit Cards Education Loans
E-LOAN, Inc., a subsidiary of Popular, Inc., is an online provider and direct-to-consumer lender of a full range of mortgages; credit cards; and home equity, auto, education and personal loans. The E-LOAN web site offers a variety of services for borrowers, including comparisons of loans from the nation’s leading lenders; tools for managing debt; credit reports and scores; exclusive 24-hour loan status access; automatic notification regarding new products that meet specific customer needs; and a variety of other services. ELOAN originates loans through its web site and by telephone; funds the loans using warehouse and other lines of credit; and then sells closed loans. The gain on the sale of these loans is the company’s primary source of income. The firm showcases a low-cost guarantee, assuring customers that its combination of low rate, points and lender or broker fees is the lowest-cost loan available. Products offered by E-LOAN include fixed-rate mortgage products, including 30 year and 15 year terms; adjustable rate mortgage products, including 10, seven, five and three year terms; stated income mortgage products, for individuals who are self-employed or write off a large portion of their income; and home equity lines of credit, home equity loans and installment vehicle loans. Lending partners for the company include First Street, Option One Mortgage Corporation (a subsidiary of H&R Block), Irwin Home Equity and HSBC Auto Finance. In late 2007, E-LOAN announced plans to lay off 513 employees, or two-thirds of its workforce. The firm also plans to close its auto and home equity lending divisions. In 2008, E-LOAN announced that it will offer federally insured Federal Housing Administration (FHA) loans to assist consumers facing a tight credit market.
BRANDS/DIVISIONS/AFFILIATES: Popular Inc
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Mark E. Lefanowicz, Pres. Alberto J. Paracchini, CFO/Exec. VP Imran Khan, Chief Mktg. Officer Jay Shah, CIO Scott McKinlay, Sr. VP-Corp. Dev. Harold (Pete) Bonnikson, Sr. VP-First Mortgage Rick Folgmann, Sr. VP-Home Equity Tess Koleczek, Chief Privacy Officer Jim Gallagher, VP-Bus. Dev. Christian A. Larsen, Chmn.
Phone: 925-847-6200 Fax: 925-847-0831 Toll-Free: 888-533-5333 Address: 6230 Stoneridge Mall Rd., Pleasanton, CA 94588 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $147,000 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 1,000 2004 Sales: $135,093 2004 Profits: $ 822 Fiscal Year Ends: 12/31 2003 Sales: $153,008 2003 Profits: $22,634 Parent Company: POPULAR INC
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $230,075
Bonus: $ Bonus: $230,075
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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ENCORE CAPITAL GROUP INC
www.mcmcg.com
Industry Group Code: 522291 Ranks within this company's industry group: Sales: 6 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 5
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Credit Card Receivables Collections
Encore Capital Group, Inc. is a systems-driven purchaser and manager of charged-off consumer receivable portfolios and, through its wholly owned subsidiary Ascension Capital Group, Inc., a provider of bankruptcy services to the finance industry. The firm acquires receivable portfolios at deep discounts from their face values using its proprietary valuation process that is based upon an analysis of the individual consumer attributes of the underlying accounts. The firm’s receivable portfolios consist primarily of unsecured, charged-off domestic consumer credit card, auto loan deficiency and telecom receivables purchased from national financial institutions, major retail credit corporations, telecom companies and resellers of such portfolios. Encore determines the purchase price of a portfolio by evaluating many different variables, including stratification and analysis of critical portfolio attributes, such as the number of agencies previously attempting to collect the receivables in the portfolio, the average balance of the receivables, number of days since charge off, payments since charge off and the locations of the debtors. Unlike collection agencies that typically have only a specified period of time to recover a debt, the company’s collection time horizon is much longer and allows for more flexibility in establishing payment programs. Encore’s collection strategies include the use of a nationwide network of collection attorneys to pursue legal action; outbound calling, driven by proprietary predictive software, by its own collection workforce located at its three domestic call centers and its international call center in India; the use of multiple third party collection agencies; direct mail campaigns coordinated by its in-house marketing group; the transfer of accounts to a credit card provider; and the sale of accounts. In September 2007, Encore exited its healthcare purchasing and internal collection activities. Encore offers its employees discounted fitness center memberships, an employee assistance program, flexible spending accounts and medical, dental, vision and life insurance.
BRANDS/DIVISIONS/AFFILIATES: Ascension Capital Group, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. J. Brandon Black, CEO J. Brandon Black, Pres. Paul J. Grinberg, CFO/Exec. VP Alison James, Sr. VP-Human Resources Olivier Baudoux, CIO/Sr. VP Jim Syran, Sr. VP-Oper. Anthony Riggio, Sr. VP-Bus. Dev. & Acquisitions Erich Ramsey, Gen. Mgr./Pres., Ascension Capital Group Richard A. Mandell, Chmn.
Phone: 858-560-2600 Fax: 800-306-4443 Toll-Free: 877-445-4581 Address: 8875 Aero Dr., Ste. 200, San Diego, CA 92123 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $254,011 2007 Profits: $15,042 U.S. Stock Ticker: ECPG 2006 Sales: $255,140 2006 Profits: $24,008 Int’l Ticker: Int’l Exchange: 2005 Sales: $221,835 2005 Profits: $31,091 Employees: 1,000 2004 Sales: $178,475 2004 Profits: $23,176 Fiscal Year Ends: 12/31 2003 Sales: $117,502 2003 Profits: $18,420 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $385,000 Second Exec. Salary: $260,000
Bonus: $425,000 Bonus: $286,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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EQUIFAX INC
www.equifax.com
Industry Group Code: 561450 Ranks within this company's industry group: Sales: 4 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 4
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Credit Reporting Information Database Management Marketing Information Business Credit Information Decisioning & Analytical Tools Consumer Credit Information Identify Verification Services
Credit Watch Gold 3-in-1 Monitoring CRISIL Limited Credit Watch Silver Credit Report C.A. Equifax 3-in-1 Credit Report Global Payments Credit Services LLC TALX Corporation Tata Capital Limited of India
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Richard F. Smith, CEO Lee Adrean, CFO/VP Paul Springman, Chief Mktg. Officer Coretha M. Rushing, Chief Human Resources Officer Rob Webb, CIO Rob Webb, CTO Kent Mast, Chief Legal Officer/VP Andy S. Bodea, Sr. VP-Global Oper. Trey Loughran, Sr. VP-Corp. Dev. Jeff Dodge, Sr. VP-Investor Rel. J. Dann Adams, Pres., U.S. Info. Solutions William W. Canfield, Pres., TALX Corp. Steve Ely, Pres., North American Personal Solutions Rajib Roy, Pres., Enabling Tech. Richard F. Smith, Chmn. Rudy Ploder, Pres., Equifax Int'l
Phone: 404-885-8000 Fax: 404-885-8682 Toll-Free: 800-685-5000 Address: 1550 Peachtree St., N.W., Atlanta, GA 30309 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,843,000 2007 Profits: $272,700 U.S. Stock Ticker: EFX 2006 Sales: $1,546,300 2006 Profits: $274,500 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,443,400 2005 Profits: $246,500 Employees: 7,000 2004 Sales: $1,272,800 2004 Profits: $234,700 Fiscal Year Ends: 12/31 2003 Sales: $1,225,400 2003 Profits: $164,900 Parent Company:
SALARIES/BENEFITS: OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
Equifax, Inc. collects and manages credit, financial, public record, demographic and marketing information regarding individuals and businesses. Products and services include consumer credit information; information database management; marketing information; business credit information, analytical tools and identity verification services. It also became a provider of payroll-related and human resource process outsourcing services after its 2007 acquisition of TALX Corporation. The company operates in five segments: U.S. consumer information solutions, TALX, North America personal solutions, North America commercial solutions and international. The U.S. consumer information products include online credit data and credit decision technology solutions, mortgage reporting and settlement solutions, consumer credit-based marketing services and direct marketing services based on demographic and other consumer information. TALX segment provides services enabling clients to outsource and automate the performance of certain payroll and human resources business processes, including employment and income verification, tax management and talent management services. North America personal solutions segment provides products to consumers enabling them to monitor and protect their credit information and make more informed financial decisions including the Credit Watch Gold 3-in-1, Equifax Credit Report and its new product, ID Patrol. North America commercial solutions segment provides credit, financial, marketing and other information regarding businesses in the U.S. and Canada. The international segment includes its Canada Consumer, Europe and Latin America business units. Products and services offered are similar to those available in the USCIS, North America Commercial Solutions and North America Personal Solutions operating segments but vary by geographic region. In February 2008, Equifax, CRISIL Limited and Tata Capital Limited of India announced they plan to set up a credit information company in India. In April 2008, Equifax acquired 28% of Global Payments Credit Services LLC, a Russian credit information company. In May 2008, Equifax acquired majority of Credit Report C.A. Buro de Informacion Crediticia in Ecuador.
BRANDS/DIVISIONS/AFFILIATES:
ESOP Stock Plan: Stock Purch. Plan:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Y Savings Plan: Y
Y
Profit Sharing:
Top Exec. Salary: $1,340,385 Second Exec. Salary: $433,077
Bonus: $2,019,960 Bonus: $365,604
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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EURONET WORLDWIDE INC
www.euronetworldwide.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 10 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 9
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Electronic Payments Solutions & Services ATM & POS Operation & Management Services Card Outsourcing Services Software Solutions Money Transfer & Bill Payment Services Electronic Prepaid Top-Up Services
Euronet Worldwide, Inc. is an electronic payments provider, offering ATM and point-of-sale (POS) operation and management services; card outsourcing services; software solutions; money transfer and bill payment services; and electronic prepaid top-up services to financial institutions, mobile operators and retailers. The company operates in three segments: EFT processing, prepaid processing and money transfer. The EFT processing segment provides electronic payment and transaction processing solutions consisting of ATM network participation; outsourced ATM, POS and card management solutions; and electronic recharge services for prepaid mobile airtime purchases via an ATM or directly from the handset. The division processes transactions for a network of over 10,100 ATMS and more than 53,000 POS terminals across Europe, the Middle East, Africa and Asia Pacific. The prepaid processing segment provides distribution of prepaid mobile airtime and other prepaid products and collections services. The division operates a network of over 397,000 POS terminals providing electronic processing of prepaid mobile airtime top-up services in the U.S., Europe, Africa and Asia Pacific. The segment also includes the money transfer and bill payment business, Euronet Payments & Remittance, Inc. Money transfer services are available from the U.S. to destinations in Latin America, China, India and the Philippines, as well as from the U.K. and India. Bill payment services are offered to customers in the U.S., the U.K. and Poland. The money transfer segment, created following the April 2007 acquisition of RIA Envia, Inc. and its operating subsidiaries, provides money transfer services through a sending network of agents and company-owned stores in the U.S., the Caribbean, Europe and Asia Pacific. The segment disperses money transfers through a worldwide payer network. In 2008, the firm announced its intent to sell Euronet Essentis Limited, a U.K. software entity previously included in the EFT Processing Segment, in order to narrow its focus on the transaction processing businesses.
BRANDS/DIVISIONS/AFFILIATES: Euronet Payments & Remittance Inc Ria Envia Inc Euronet Essentis Limited
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael J. Brown, CEO Kevin Caponecchi, Pres. Rick L. Weller, CFO/Exec. VP Jeffrey B. Newman, General Counsel/Exec. VP Paul S. Althasen, Exec. VP David Morgan, Exec. VP/Managing Dir.-Global Money Transfer Anthony (Tony) Grandidge, Sr. VP/Managing Dir.-Asia Pacific EFT Timothy A. Fanning, COO-Global Money Transfer Michael J. Brown, Chmn.
Phone: 913-327-4200 Fax: 913-327-1921 Toll-Free: Address: 4601 College Blvd., Ste. 300, Leawood, KS 66211 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $917,574 2007 Profits: $53,160 U.S. Stock Ticker: EEFT 2006 Sales: $629,181 2006 Profits: $46,002 Int’l Ticker: Int’l Exchange: 2005 Sales: $531,159 2005 Profits: $22,355 Employees: 2,500 2004 Sales: $381,080 2004 Profits: $12,852 Fiscal Year Ends: 12/31 2003 Sales: $204,407 2003 Profits: $11,985 Parent Company:
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan:
Y
Profit Sharing:
Top Exec. Salary: $500,000 Second Exec. Salary: $275,550
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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EXPERIAN AMERICAS
www.experian.com
Industry Group Code: 561450 Ranks within this company's industry group: Sales: 3 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
TYPES OF BUSINESS: Credit Bureau Customer Relationship Software & Solutions Marketing Software & Solutions Vehicle Database Online Services Business & Consumer Internet Sites
Experian Americas, formerly Experian Information Solutions, Inc., is a subsidiary of Experian plc, formerly Experian Group Limited. Experian Americas is a leading credit-reporting agency in the U.S. It also helps organizations find, develop and manage customer relationships by providing information, decision-making solutions and processing services. Experian operates through four segments: credit solutions, marketing solutions, automotive solutions and Experian Interactive. The credit solutions unit provides clients with solutions that optimize processes in acquiring new customers (Advanced Select), maximize customer relationships (Credit Migration Solutions), improve collections (Credit Profile Report), prevent fraud losses (Precise ID), analyze critical data (ScoreRight) and improve business-tobusiness results (Business credit reports). The marketing solutions unit improves customer relations for marketers in the catalog, retail, financial services, nonprofit, media, consumer products and mid-tier/reseller markets. Subsidiaries in this segment include Simmons, a marketing research firm; QAS, an address verification software company; and CheetahMail, an e-mail marketing firm. The automotive solutions unit provides vehicle, credit, consumer and business information to manufacturers, dealers, finance and insurance companies and consumers. Its National Vehicle Database houses more than 450 million vehicles, while its credit, consumer and business information assets analyze and store buyer data. Experian Interactive offers consumers access to their credit histories through various web tools, including Triple Advantage, Experian 3 Bureau Online Credit Report and VantageScore. In May 2008, Experian plc launched Account Monitoring Service, a credit monitoring system for businesses, with credit-based alerts. Experian offers its employees flexible spending accounts, education assistance, credit union membership, employee assistance, referral bonuses, recreational activities, adoption assistance and fitness reimbursement.
BRANDS/DIVISIONS/AFFILIATES: Experian Information Solutions, Inc. Advanced Select Credit Migration Solutions Experian Group Precise ID ScoreRight QAS CheetahMail
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael DeVico, Exec. VP-Experian North America Cindy Thomas, Sr. VP-Corp. Mktg. Paul Brooks, CFO-Experian plc Kerry Williams, Pres., Credit Svcs. & Decisions Analytics, N. Amer Donald A. Robert, CEO-Experian plc
Phone: 714-830-7000 Fax: 714-830-2444 Toll-Free: Address: 475 Anton Blvd., Costa Mesa, CA 92626 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,994,000 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $1,804,000 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 6,765 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 3/31 2003 Sales: $ 2003 Profits: $ Parent Company: EXPERIAN PLC
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
GROWTH PLANS/SPECIAL FEATURES:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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EXPERIAN PLC
www.experiangroup.com
Industry Group Code: 561450 Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 2
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Credit Reporting Information & Database Management Validation & Processing Software Consumer Information Services Financial Consulting
Experian plc, based in the U.K., is one of the largest creditreporting agencies in the world, providing analytical, information and marketing services to organizations and consumers to help manage the risk and reward of commercial and financial decisions. The firm maintains detailed information through consumer credit bureaus and business credit bureaus around the world, with information on approximately 460 million consumers, 35 million businesses, 600 million vehicles in the U.S. and the U.K., the purchasing habits of 130 million households globally and the credit histories of over 460 million consumers. Subsidiaries include Experian Americas, Experian North America, Inc., Experian Holdings, Ltd., and Experian Information Solutions, Inc. With clients in more than 65 countries and offices in approximately 38 countries, Experian’s products and services are grouped under four principal activities: Credit Services, Decision Analytics, Marketing Solutions and Interactive. Experian’s Credit Services division obtains its information on consumers and businesses from publicly available sources and from lending organizations. The Decision Analytics division provides organizations with analytical skills and software products for tasks involving a determination of the potential risks and rewards associated with particular actions. Examples include determining the chances of an individual defaulting on payments in response to an increase in credit limit. Experian’s Marketing Solutions division enables the communication of organizations with prospective customers through such means as email, post, telephone, direct response television and text messaging. The Interactive division provides comparisons of offers of various products and services, and also allows consumers to monitor changes to their credit records online. Recent acquisitions by Experian include Economic Research Services; Informarketing; Hitwise; Emailing Solution; Tallyman; Serasa; the pH Group; N4 Solutions; and 40% of DP Information Group. In May 2008, Experian agreed to form a joint venture, called CBEX Solutions, Inc., with CCB, Inc., a leading credit bureau in Japan.
BRANDS/DIVISIONS/AFFILIATES: Experian Holdings, Ltd. Experian North America, Inc. Hitwise Tallyman CheetahMail, Inc. Experian Americas N4 Solutions CBEX Solutions, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Don Robert, CEO Paul Brooks, CFO Rick Gallagher, Managing Dir.-Emerging Markets Dev. Penny Hands, Mgr.-Investor Rel. Chris Callero, Pres./COO-Experian Group Michael DeVico, Exec. VP-Experian North America Ken Sansom, Managing Dir.-Asia Pacific Francisco Valim, Pres., Latin America John W. Peace, Chmn. Victor Nichols, CEO-EMEA/UK
Phone: 353-1-846-9100 Fax: 353-1-846-9150 Toll-Free: Address: Newenham House, Northern Cross, Malahide Road, Dublin, 17 Ireland
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $3,481,000 2007 Profits: $463,000 U.S. Stock Ticker: 2006 Sales: $3,064,000 2006 Profits: $550,000 Int’l Ticker: EXPN Int’l Exchange: London-LSE 2005 Sales: $2,517,000 2005 Profits: $425,000 Employees: 13,000 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 3/31 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Y Savings Plan:
Y Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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FAIR ISAAC CORPORATION
www.fairisaac.com
Industry Group Code: 561450 Ranks within this company's industry group: Sales: 6 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 5
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Credit Scoring Systems Data Management Systems & Services Marketing Services & Support Personal Lines Insurance Industry Services Financial Risk Management Computer-Related Services Strategic Application Processing Systems Customer Relationship Management
Fair Isaac Corporation, formerly Fair, Isaac and Company, Inc., is a leading developer of credit scoring systems for the consumer credit industry. Over 2,600 companies in more than 60 countries use Fair Isaac technology to acquire customers more efficiently, increase customer value and retention, reduce fraud and credit losses, lower operating costs and enter new markets more profitably. Its principal products are statistically derived, rule-based analytic tools designed to help businesses make more profitable decisions. The company’s signature products are North American Financial Services, used throughout the credit card, mortgage, retail, auto lending and other industries; TRIAD, the world's leading credit account management system; and the leading scoring systems for granting small business credit. Regular clients include hundreds of the world's leading credit card and travel card issuers, retailers, telecommunications service providers and consumer and commercial lenders. Through alliances with all three major credit bureaus, and firms such as Equifax, the firm serves a large and growing number of middle-market credit grantors, primarily by providing direct-mail solicitation screening, application scoring and account management services on a usage-fee basis. Through the myfico.com web site, consumers use the company's FICO scores, the standard measure of credit risk, to manage their financial health. FICO Score Simulator, an enhancement of the myFICO service, provides free interest rate information based upon the client's individual score. The company increased its international presence in 2008 by expanding its product offerings to France and Russia via partnerships with EURODECISION and National Bureau of Credit Histories. In 2008, the company acquired U.K.-based Dash Optimization, makers of Xpress-MP, the world's leading software product for decision modeling and optimization. The company offers tuition reimbursement, business casual attire, commuter benefits, flexible work schedules and some health benefits.
BRANDS/DIVISIONS/AFFILIATES: Fair, Isaac & Company, Inc. North American Financial Services TRIAD myfico.com myFICO FICO Score Simulator Braun Consulting, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Mark N. Greene, CEO Michael H. Campbell, COO/Exec. VP Charles M. Osborne, CFO/Exec. VP Laurent Pacalin, Chief Mktg. Officer/Sr. VP Richard S. Deal, Chief Human Resources Officer/Sr. VP Larry E. Rosenberger, VP-R&D Mark R. Scadina, General Counsel/Corp. Sec./Sr. VP John D. Emerick, Jr., VP-Corp. Dev./Treas. Michael J. Pung, VP-Finance Richard A. Stewart, VP-Professional Svcs. George Battle, Chmn. Greg Corgan, VP-Global Sales
Phone: 612-758-5200 Fax: 415-446-6191 Toll-Free: 800-999-2955 Address: 901 Marquette Ave., Ste. 3200, Minneapolis, MN 55402 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $822,236 2007 Profits: $104,650 U.S. Stock Ticker: FIC 2006 Sales: $825,365 2006 Profits: $103,486 Int’l Ticker: Int’l Exchange: 2005 Sales: $798,671 2005 Profits: $134,548 Employees: 2,824 2004 Sales: $706,200 2004 Profits: $102,800 Fiscal Year Ends: 9/30 2003 Sales: $629,295 2003 Profits: $107,157 Parent Company:
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Y Savings Plan: Y
Y Y
Profit Sharing:
Top Exec. Salary: $400,000 Second Exec. Salary: $375,000
Bonus: $120,440 Bonus: $101,840
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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FANNIE MAE
www.fanniemae.com
Industry Group Code: 522310 Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 3
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages, Secondary Market Mortgage-Related Securities Financial Software
Fannie Mae is a government-sponsored enterprise chartered by the U.S. Congress under the name Federal National Mortgage Association. The firm’s activities include providing funds to mortgage lenders through purchase of mortgage assets and issuing and guaranteeing mortgage-related securities that facilitate the flow of additional funds into the mortgage market. Fannie Mae does not offer mortgages directly to homebuyers. The firm operates exclusively in the secondary mortgage market securities from primary market institutions, such as commercial banks, savings and loan associations; mortgage companies; securities dealers; and other investors. The company operates in three segments: single-family credit guaranty; housing and community development; and capital markets. The single-family credit guaranty segment works with lender customers to securitize single-family mortgage loans into Fannie Mae mortgagebacked securities (MBS) and to facilitate the purchase of single-family mortgage loans. The housing and community development segment works with lender customers to securitize multifamily mortgage loans into Fannie Mae MBS and to facilitate the purchase of multifamily mortgage loans. The segment also helps to expand the supply of affordable housing by investing in rental and for-sale housing projects, including rental housing that is eligible for federal low-income housing tax credits. The capital markets segment manages the firm’s investment activity in mortgage loans and mortgage-related securities and has responsibility for managing the company’s assets and liabilities and its liquidity and capital positions. Fannie Mae’s Desktop Underwriter software, used to process mortgage loans, reduces approval time from four weeks to four minutes. In September 2008, after suffering devastating losses in it mortgage portfolio, Fannie Mae was placed in conservatorship by the U.S. federal government, which has taken effective control of the company. Over the near term, its focus will be on less aggressive lending, attempting to facilitate stability in the housing market and workouts of existing mortgages. The company offers its employees medical and dental insurance; an employee stock ownership plan; an employee stock purchase plan; life insurance; a retirement plan; a 401(k) plan; and education assistance.
BRANDS/DIVISIONS/AFFILIATES: Federal National Mortgage Association Desktop Underwriter
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Herb Allison, CEO Michael J. Williams, COO/Exec. VP Daniel H. Mudd, Pres. David C. Hisey, CFO/Exec. VP Rahul Merchant, CIO/Exec. VP Robert T. Blakely, Exec. VP Michael Shaw, Chief Risk Officer/Exec. VP David Benson, Exec. VP-Capital Markets & Treasury Linda Knight, Exec. VP-Securities Stepan B. Ashley, Chmn.
Phone: 202-752-7000 Fax: Toll-Free: Address: 3900 Wisconsin Ave. NW, Washington, DC 20016 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $51,176,000 2007 Profits: $-2,050 U.S. Stock Ticker: FNM 2006 Sales: $48,861,000 2006 Profits: $4,059,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $50,149,000 2005 Profits: $6,347,000 Employees: 5,700 2004 Sales: $51,826,000 2004 Profits: $4,802,000 Fiscal Year Ends: 12/31 2003 Sales: $53,768,000 2003 Profits: $7,905,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $992,250 Second Exec. Salary: $714,063
Bonus: $4,180,365 Bonus: $1,288,189
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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FEDERAL AGRICULTURAL MORTGAGE CORP (FARMER MAC) www.farmermac.com Industry Group Code: 522310 Ranks within this company's industry group: Sales: 10 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages Agricultural Real Estate Loans Rural Housing Mortgage Loans
Federal Agricultural Mortgage Corporation, known as Farmer Mac, is a secondary market for agricultural real estate and rural housing mortgage loans. Congress created the company in 1987 to improve the availability of mortgage credit to America's farmers, ranchers and rural homeowners, businesses and communities. Farmer Mac does this through providing liquidity and lending capacity to agricultural mortgage lenders by purchasing newly originated and preexisting mortgage loans directly from lenders; guaranteeing securities backed by eligible mortgage loans, referred to as Farmer Mac I Guaranteed Securities; exchanging newly issued Farmer Mac I Guaranteed Securities for newly originated and seasoned eligible mortgage loans that back those securities in so-called swap transactions; and issuing long-term standby purchase commitments for both newly originated and seasoned mortgage loans. The firm does this through two programs: Farmer Mac I and Farmer Mac II. Under Farmer Mac I, Farmer Mac purchases eligible mortgage loans, securitizes purchased loans and guarantees the timely payment of principal and interest on the securities backed by the loans. Under Farmer Mac II, the company purchases the guaranteed portions of loans guaranteed by the United States Department of Agriculture (USDA) and guarantees securities backed by those USDA-guaranteed portions purchased by Farmer Mac. Although created by Congress, Farmer Mac is a publicly traded corporation owned by its stockholders.
BRANDS/DIVISIONS/AFFILIATES: Farmer Mac I Farmer Mac II
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Henry D. Edelman, CEO Tom D. Stenson, COO Henry D. Edelman, Pres. Nancy E. Corsiglia, CFO Jerome G. Oslick, General Counsel/Corp. Sec./VP Mary K. Waters, VP-Corp. Rel. Nancy E. Corsiglia, Exec. VP-Finance/Treas. Paul N. Peiffer, VP-Agricultural Credit Timothy L. Buzby, Controller/VP Tom D. Stenson, Exec. VP-Agricultural Finance Fred L. Dailey, Chmn.
Phone: 202-872-7700 Fax: 202-872-7713 Toll-Free: 800-879-3276 Address: 1133 21st St. NW, Ste. 600, Washington, DC 20036 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $31,300 2007 Profits: $4,400 U.S. Stock Ticker: AGM 2006 Sales: $68,000 2006 Profits: $29,800 Int’l Ticker: Int’l Exchange: 2005 Sales: $92,500 2005 Profits: $47,000 Employees: 42 2004 Sales: $60,682 2004 Profits: $30,468 Fiscal Year Ends: 12/31 2003 Sales: $54,760 2003 Profits: $27,270 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $526,174 Second Exec. Salary: $337,545
Bonus: $410,605 Bonus: $192,376
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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FIFTH THIRD BANCORP
www.53.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 55 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 54
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Trust Services Insurance Investment Services Leasing Payment Processing Services Asset Management
Fifth Third Bancorp is a financial services company with approximately 5.8 million customers, $111 billion in assets and $212 billion in assets under management. The company operates five main businesses: Commercial Banking, which generated 41% of 2007 income; Branch Banking, 36%; Consumer Lending, 8%; Investment Advisors, 6%; and Fifth Third Processing Solutions (FTPS), 9%. Commercial banking serves large and middle-market businesses, offering banking services as well as other services including foreign exchange, asset-based lending, real estate finance and commercial leasing. Branch Banking runs the firm’s 1,232 full-service banking centers, including 107 Bank Mart locations open seven days a week inside select grocery stores. Consumer Lending covers mortgages, home equity, automobile and other direct and indirect lending activities. Investment Advisors offers alternative investment services, including mutual funds, asset management services, retirement plans and retail brokerage services. Lastly, FTPS offers electronic funds transfer, debit, credit and merchant transaction processing; and runs the firm’s 2,221 Jeanie brand ATMs. Fifth Third has 18 affiliates in 11 states, mostly in the Eastern U.S.; and recently opened its first office in Canada. In November 2007, the company acquired all 33 branches of R-G Crown Bank from R&G Financial Corporation for $259 million; and, separately, paid $16 million to R-G Crown Real Estate, LLC, for the underlying real estate of 15 of the branches. In June 2008, Fifth Third acquired all 59 branches of First Charter Corporation (FCTR) for $1.1 billion. Employees of Fifth Third Bank receive flexible spending accounts; medical, dental, life, disability and accident insurance; paid holidays and jury duty; transportation reimbursement; and educational assistance. Additional benefits include a free checking account with some complimentary administrative services; discount mortgage loans through the company; and an exclusive Platinum Rewards MasterCard only available to Fifth Third employees.
BRANDS/DIVISIONS/AFFILIATES: R-G Financial Corp First Charter Corporation (FCTR)
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Kevin T. Kabat, CEO Greg D. Carmichael, COO/Exec. VP Kevin T. Kabat, Pres. Daniel T. Poston, CFO/Exec. VP Nancy R. Phillips, Chief Human Resources Officer/Exec. VP Paul L. Reynolds, General Counsel/Sec./Exec. VP Mahesh Sankaran, Treas./Exec. VP Mary Tuuk, Exec. VP/Chief Risk Officer Charles Drucker, Exec. VP Bruce K. Lee, Exec. VP Robert A. Sullivan, Exec. VP Kevin T. Kabat, Chmn.
Phone: 513-579-5300 Fax: 513-579-6020 Toll-Free: 800-972-3030 Address: 38 Fountain Square Plaza, Cincinnati, OH 45263 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $8,494,000 2007 Profits: $1,076,000 U.S. Stock Ticker: FITB 2006 Sales: $8,472,000 2006 Profits: $1,188,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $7,495,000 2005 Profits: $1,549,000 Employees: 19,923 2004 Sales: $6,616,000 2004 Profits: $1,525,000 Fiscal Year Ends: 12/31 2003 Sales: $6,474,000 2003 Profits: $1,755,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Y Y
Profit Sharing: Y
Top Exec. Salary: $990,018 Second Exec. Salary: $601,693
Bonus: $ Bonus: $463,600
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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FINANCIAL FEDERAL CORP
www.financialfederal.com
Industry Group Code: 522220A Ranks within this company's industry group: Sales: 4 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 3
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Leasing & Financing
Financial Federal Corp. is a nationwide independent financial services company that finances industrial and commercial equipment through installment sales and leasing programs for dealers, manufacturers and end users and provides capital loans secured by the same equipment and collateral. The company provides its services to small and medium sized businesses typically with annual revenues from below $25 million in general construction; road and infrastructure construction and repair; road transportation; and waste disposal industries. The firm focuses on financing new or used revenue-producing essential-use equipment of major manufacturers that is movable, has an economic life longer than the term financed, is not subject to rapid technological obsolescence, can be used in more than one type of business and has broad resale markets. Financial Federal finances air compressors; bulldozers; buses; cement mixers; compactors; crawler cranes; earthmovers; excavators; generators; hydraulic truck cranes; loaders; motor grades; pavers; personnel and material lifts; recycling equipment; resurfacers; rough terrain cranes; sanitation trucks; scrapers; trucks; truck tractors; and trailers. In addition to its New York office, the company has five full-service operations centers in Texas, Illinois, New Jersey, North Carolina and California, as well as marketing personnel in over 20 locations nationwide.
BRANDS/DIVISIONS/AFFILIATES:
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Paul Sinsheimer, CEO Steve Groth, CFO/Sr. VP Troy Geisser, Sec./Sr. VP John Golio, Exec. VP James Mayes, Jr., Exec. VP Mike Gallagher, Sr. VP/Chief Credit Officer Paul Sinsheimer, Chmn.
Phone: 212-599-8000 Fax: 212-286-5885 Toll-Free: Address: 733 3rd Ave., 24th Fl., New York, NY 10017 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $191,254 2007 Profits: $50,050 U.S. Stock Ticker: FIF 2006 Sales: $162,475 2006 Profits: $43,619 Int’l Ticker: Int’l Exchange: 2005 Sales: $126,643 2005 Profits: $36,652 Employees: 230 2004 Sales: $118,305 2004 Profits: $31,190 Fiscal Year Ends: 7/31 2003 Sales: $130,247 2003 Profits: $30,088 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $600,000 Second Exec. Salary: $315,000
Bonus: $1,000,000 Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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FIRST BANCORP
www.firstbankpr.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 82 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 113
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Consumer Loans Credit Cards Insurance
First BanCorp, based in Puerto Rico, is a publicly owned financial holding company offering a full range of financial services. The firm is one of the largest bank holding companies and depository institutions headquartered in Puerto Rico. First BanCorp controls four wholly-owned banking subsidiaries: FirstBank Puerto Rico, which is a Puerto Rico-chartered commercial bank; FirstBank Insurance Agency, Inc., which is a Puerto Rico-chartered insurance agency; Grupo Empresas de Servicios Financieros (PR Finance Group), which is a domestic corporation; and Ponce General Corporation, Inc., which is the holding company of the federally chartered stock savings association, FirstBank Florida. Of these, the company’s FirstBank Puerto Rico subsidiary operates 48 full-service branches in Puerto Rico, 14 full-service branches in the U.S. and British Virgin Islands and a loan agency in Florida. FirstBank primarily provides residential mortgages, consumer loans, auto loans and leases and credit cards. Brokerage services are also offered within selected branches through an alliance with a national brokerage house in Puerto Rico. FirstBank operates the following fully-owned subsidiaries within Puerto Rico: First Leasing and Rental Corporation, a vehicle leasing and daily rental company; First Federal Finance Corp. (Money Express La Financiera), a finance company; First Mortgage, Inc., a residential mortgage loan origination company with 35 offices in FirstBank branches and at stand alone sites; and FirstBank Overseas Corporation, an international banking entity organized under the International Banking Entity Act of Puerto Rico. FirstBank had two subsidiaries with operations in the U.S. Virgin Islands: First Insurance Agency VI, Inc., an insurance agency; and First Express, a finance company specializing in the origination of small loans. In January 2008, the company acquired Virgin Islands Community Bank, located in St. Croix, U.S. Virgin Islands.
BRANDS/DIVISIONS/AFFILIATES: FirstBank FirstBank Insurance Agency, Inc. Puerto Rico Finance Group First Truck & Car Rental First Leasing Virgin Islands Community Bank First Bank Overseas Corp. First Trade, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Luis M. Beauchamp-Rodriguez, CEO Aurelio Aleman-Bermudez, COO/Sr. Exec. VP Luis M. Beauchamp-Rodriguez, Pres. Fernando Scherrer, CFO/Exec. VP Lawrence Odell, General Counsel/Exec. VP/Corp. Sec. Nayda Rivera, Sr. VP/Chief Risk Officer Alan Cohen, Sr. VP-Public Rel. Victor M. Barreras-Pellegrini, Treas./Sr. VP Dacio A. Pasarell, Chief Banking Oper. Officer/Exec. VP Emilio Martino, Chief Lending Officer/Exec. VP Nayda Rivera-Batista, Chief Risk Officer/Exec. VP Cassan A. Pancham, Exec. VP-Eastern Caribbean Region Luis M. Beauchamp-Rodriguez, Chmn.
Phone: 787-729-8200 Fax: 787-729-8205 Toll-Free: Address: 1519 Ponce de Leon Ave., Stop 23, Santurce, 00908 Puerto Rico
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,260,000 2007 Profits: $70,000 U.S. Stock Ticker: FBP 2006 Sales: $1,338,983 2006 Profits: $84,634 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,130,667 2005 Profits: $114,604 Employees: 2,237 2004 Sales: $749,958 2004 Profits: $177,325 Fiscal Year Ends: 12/31 2003 Sales: $655,400 2003 Profits: $152,300 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $1,000,000 Second Exec. Salary: $750,000
Bonus: $977,200 Bonus: $702,200
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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FIRST CITIZENS BANCSHARES INC
www.firstcitizens.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 85 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 91
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Insurance Lending Investment Management Trust Services Credit Card Receivables
First Citizens BancShares, Inc. is the holding company for IronStone Bank (ISB) and First-Citizens Bank & Trust Company (FCB). FCB operates over 340 offices located in Maryland, West Virginia, Virginia, Tennessee and North Carolina. ISB has 56 branches mostly concentrated in Georgia and Florida, with some additional branches in Texas, Arizona, New Mexico, Colorado, Washington, Oregon and California. ISB plans to expand its operations to Oklahoma, Missouri and Kansas by the end of 2007. The company, including both subsidiary banks, has over $15.7 billion in assets, $12.7 billion in deposits and $10.2 billion in loans and leases. Both bank subsidiaries take deposits; cash checks and provide for individual and commercial cash needs; offer numerous checking and savings plans as well as commercial, business and consumer lending; have a fullservice trust department; and engage in other activities incidental to commercial banking. Additionally, subsidiaries First Citizens Investor Services, Inc. and IronStone Securities provide annuities, third-party mutual funds and discount brokerage services. Two insurance companies, American Guaranty Insurance Co., a subsidiary of the company and a provider of property and casualty insurance, and Triangle Life Insurance Co., a subsidiary of FCB and provider of credit-related life insurance, were both sold to third parties in January 2007. Employees of the company receive an employee assistance program; some medical and dental coverage; vision plan and short- and long-term disability benefits; long term care, basic life, dependent life and supplemental life insurance; and flexible spending accounts. Additional employee benefits include paid time off; associate credit cards with no annual fee; a free safe deposit box; discount trust services; and some free services associated with their checking and savings accounts.
BRANDS/DIVISIONS/AFFILIATES: IronStone Bank First-Citizens Bank & Trust Company Atlantic States Bank Triangle Life Insurance Company Nantahala, Inc. First Citizens Investor Services, Inc. Pisgah, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Frank B. Holding, Jr., CEO James B. Hyler, Jr., COO/Vice Chmn. Frank B. Holding, Jr., Pres. Kenneth A. Black, CFO James E. Creekman, Sec. Kenneth A. Black, Treas./VP Frank B. Holding, Exec. Vice Chmn. Hope H. Connell, Pres., ISB/Exec. VP/Manager-Bus. Banking, FCB James M. Parker, COO-IronStone Bank Lewis R. Holding, Chmn.
Phone: 919-716-7000 Fax: 919-716-7074 Toll-Free: 888-323-4732 Address: 4300 Six Forks Rd., Raleigh, NC 27609 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,199,526 2007 Profits: $108,617 U.S. Stock Ticker: FCNCA 2006 Sales: $1,105,300 2006 Profits: $126,500 Int’l Ticker: Int’l Exchange: 2005 Sales: $929,778 2005 Profits: $112,862 Employees: 4,014 2004 Sales: $772,073 2004 Profits: $74,843 Fiscal Year Ends: 12/31 2003 Sales: $754,413 2003 Profits: $75,187 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $904,566 Second Exec. Salary: $904,566
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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FIRST COMMONWEALTH FINANCIAL CORP Industry Group Code: 522110 Ranks within this company's industry group: Sales: 132 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
www.fcbanking.com
Profits: 124
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Investment Management Insurance Mortgages & Loans Trust Services
First Commonwealth Financial Corp. is the holding company for First Commonwealth Bank (FCB), First Commonwealth Financial Advisors and First Commonwealth Insurance Agency. FCB, a chartered bank and trust company, operates 110 community banking offices in western Pennsylvania. It engages in general banking business and offers a full range of financial services including traditional retail banking services such as savings and time deposits and mortgage, consumer installment, and commercial loans. The company also operates a network of approximately 117 ATMs. All of the ATMs are part of the STAR network and the global MasterCard/Cirrus network, allowing FCB clients to use nearly any machine in the U.S. In addition, FCB is a member of the Freedom ATM Alliance, which gives cardholders free access to 600 ATMs throughout Pennsylvania, New York, Ohio and Maryland. First Commonwealth Financial Advisors offers financial planning, retirement planning, wealth management and trust services. The investment services include mutual funds, annuities, 529 college plans, Roth and traditional IRAs, discount brokerage services and investment management services. Trust services include personal trusts, estate settlement, 401(k) retirement plan investing and the FCB RetireXpress product which allows online access to retirement and financial services. FCB First Commonwealth Insurance Agency offers home and auto insurance, employee benefits and other business insurance, human resource solutions, long-term care and disability insurance. The company offers its employees health, dental and vision insurance; life and AD&D insurance; short- and long-term disability insurance; a 401(k) plan; an employee stock ownership plan; flexible spending accounts; an educational savings plan; and tuition reimbursement.
BRANDS/DIVISIONS/AFFILIATES: First Commonwealth Bank First Commonwealth Financial Advisors First Commonwealth Insurance First Commonwealth Professional Resources, Inc. First Commonwealth Systems Corporation First Commonwealth Trust Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John J. Dolan, CEO John J. Dolan, Pres. Edward J. Lipkus III, CFO/Exec. VP Sue A. McMurdy, CIO/Exec. VP David R. Tomb, Jr., Sec. Edward J. Lipkus, VP-Investor Rel. David R. Tomb, Jr., Treas. R. John Previte, Sr. VP-Investments Thaddeus J. Clements, Sr. VP-Strategic Resources J. Eric Renner, Exec. VP-Consumer Svcs. T. Michael Price, Pres., First Commonwealth Bank David S. Dahlmann, Chmn.
Phone: 724-349-7220 Fax: 888-711-2329 Toll-Free: 800-711-2265 Address: 22 N. 6th St., Indiana, PA 15701 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $379,965 2007 Profits: $46,250 U.S. Stock Ticker: FCF 2006 Sales: $377,317 2006 Profits: $52,954 Int’l Ticker: Int’l Exchange: 2005 Sales: $369,966 2005 Profits: $57,836 Employees: 1,586 2004 Sales: $325,674 2004 Profits: $38,652 Fiscal Year Ends: 12/31 2003 Sales: $292,217 2003 Profits: $53,300 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $381,539 Second Exec. Salary: $275,000
Bonus: $49,000 Bonus: $17,359
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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FIRST DATA CORP
www.firstdatacorp.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 15
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Credit Card Processing Electronic Payment Processing Check Verification Prepaid Card Services Private-Label Credit Card Services ATMs
First Data Corp. is a payment services company that processes and safeguards every type of electronic payment method, including credit cards, debit cards, stored-value cards and electronic checks. Through ValueLink, it also develops, implements and manages prepaid stored-value card services for retailers (i.e., gift cards) and provides prepaid phone top-up services. First Data's card issuing services segment, operating through First Data Resources, First Data Europe and PaySys International, Inc., provides processing and related services to financial institutions issuing credit and debit cards and to issuers of oil and private-label retail credit cards. Services include account maintenance, transaction authorizing and posting, card embossing, fraud and risk management services and settlement. The firm's merchant services segment comprises First Data Merchant Services and TeleCheck Services, Inc. and provides merchants with credit and debit card transaction processing services, including authorization, transaction capture, Internet-based transaction processing, check verification and guarantee services, as well as operating an ATM network. The emerging payments segment consists of a majority interest in eONE Global, LP, a leader in identifying, developing, commercializing and operating emerging payment technologies that support government payments, mobile payments and enterprise payments. In September 2007, First Data was acquired by Kohlberg Kravis Roberts & Co., a private equity firm, for $29 billion. As a result, First Data Corp. combined its commercial and financial institution services segments. In late 2007, First Data Corp. and Standard Chartered PLC launched Merchant Solutions, a joint venture headquartered in Singapore that provides acquiring services to merchants across Asia, with plans to further expand around the world. The company also partnered with Allied Irish Banks p.l.c. (AIB) and the Republic of Ireland to establish AIB Merchant Services in Ireland. The new joint venture, based in Dublin, provides card acquiring services in the Republic of Ireland, the U.K. and Europe.
BRANDS/DIVISIONS/AFFILIATES: eONE Global, LP First Data Resources PaySys International, Inc. TeleCheck Services, Inc. AIB Merchant Services Merchant Solutions Kohlberg Kravis Roberts & Co.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael Capellas, CEO Kimberly Patmore, CFO/Exec. VP Grace Chen Trent, Exec. VP-Mktg. Peter Boucher, Exec. VP-Human Resources David Dibble, CTO/Exec. VP David Money, General Counsel/Exec. VP Thomas R. Bell, Jr., Chief Strategy Officer/Exec. VP Grace Chen Trent, Exec. VP-Corp. Comm. David Yates, Pres., First Data Int'l Ed Labry, Pres., First Data USA Michael Capellas, Chmn.
Phone: 303-488-8000 Fax: 303-967-6701 Toll-Free: 800-735-3362 Address: 6200 S. Quebec St., Greenwood Village, CO 80111 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $8,051,400 2007 Profits: $-907,200 U.S. Stock Ticker: Private 2006 Sales: $7,076,400 2006 Profits: $1,513,400 Int’l Ticker: Int’l Exchange: 2005 Sales: $6,526,100 2005 Profits: $1,717,400 Employees: 27,000 2004 Sales: $6,633,400 2004 Profits: $1,908,300 Fiscal Year Ends: 12/31 2003 Sales: $8,400,200 2003 Profits: $1,408,700 Parent Company: KKR & CO LP (KOHLBERG KRAVIS ROBERTS & CO)
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan: Y
Y
Profit Sharing:
Top Exec. Salary: $750,000 Second Exec. Salary: $591,667
Bonus: $655,000 Bonus: $1,200,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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FIRST FINANCIAL BANCORP (OH)
www.ffbc-oh.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 140 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 129
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Investment Management Commercial & Consumer Lending Trust Services
First Financial Bancorp (FFBC) is a bank holding company for subsidiary First Financial Bank, National Association. The bank operates 82 banking centers in Ohio, Indiana and northern Kentucky. First Financial Capital Advisors, LLC is the company’s investment advisory company, which serves as investment advisor to the Legacy Funds Group, the company’s proprietary mutual funds. Two other subsidiaries are First Financial (OH) Statutory Trust I and First Financial (OH) Statutory Trust II, which facilitate raising Tier I capital in the form of Trust Preferred Securities. The range of banking services provided by the firm’s subsidiaries includes commercial lending; real estate lending; consumer credit; credit cards; checking and savings accounts; CDs; mutual funds; deposit services; cash management services for commercial customers; and asset management services, provided through the Wealth Resource Group. Loan interest and fees make up the majority of FFBC’s income. The firm principally offers commercial, real estate and consumer loans. Commercial loans are offered to businesses ranging from retail outlets to manufacturing facilities, for a variety of needs. Real estate loans are offered for both residential and commercial properties, and are secured by a mortgage lien on the real property of the borrower. Consumer loans are primarily made to individuals, and include new and used vehicle loans; second mortgages on residential property; and unsecured individual loans. In late 2007, the firm made an agreement with technology company Metavante Corp. in which Metavante will acquire a portfolio of merchant accounts payment processing from First Financial in exchange for providing merchant processing services to clients of First Financial Bank.
BRANDS/DIVISIONS/AFFILIATES: First Financial Bank, National Association First Financial Capital Advisors, LLC First Financial (OH) Statutory Trust I First Financial (OH) Statutory Trust II
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Claude E. Davis, CEO C. Douglas Lefferson, COO/Exec. VP Claude E. Davis, Pres. J. Franklin Hall, CFO/Sr. VP Jill L. Wyman, Sr. VP-Sales & Mktg. Terri J. Ziepfel, VP-Corp. Admin. Gregory A. Gehlmann, General Counsel/Sr. VP Terri J. Ziepfel, VP-Shareholder Rel. Anthony M. Stollings, Controller/Chief Acct. Officer/Sr. VP Richard Barbercheck, Sr. VP/Chief Credit Officer Samuel J. Munafo, Exec. VP-Banking Markets John Sabath, Chief Risk Officer Barry S. Porter, Chmn.
Phone: 513-867-4700 Fax: 513-867-3111 Toll-Free: 877-322-9530 Address: 4000 Smith Rd., Ste. 400, Cincinnati, OH 45209 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $270,030 2007 Profits: $35,681 U.S. Stock Ticker: FFBC 2006 Sales: $281,854 2006 Profits: $21,271 Int’l Ticker: Int’l Exchange: 2005 Sales: $260,478 2005 Profits: $37,933 Employees: 1,159 2004 Sales: $263,019 2004 Profits: $41,118 Fiscal Year Ends: 12/31 2003 Sales: $262,441 2003 Profits: $37,906 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $450,000 Second Exec. Salary: $271,573
Bonus: $176,175 Bonus: $85,057
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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FIRST FRANKLIN CORP
www.firstfranklin.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 148 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 139
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Financial Software
First Franklin Corp. is the holding company for The Franklin Savings and Loan Company (Franklin Savings). Franklin Savings, which can trace its charter back to 1883, is a stock savings and loan association that conducts business from its main office and seven branch offices in the greater Cincinnati, Ohio area. Its principal business is the accepting of savings deposits from the general public and originating mortgage loans for the purpose of financing, refinancing and constructing family homes. The majority of its total loans are residential loans secured by real estate; and roughly twothirds of its total securities are single-family residential securities. Franklin Savings also makes loans secured by multi-family real estate and nonresidential real estate as well as loans for consumer purposes. Franklin’s lending strategy is to originate fixed-rate loans primarily for sale in the secondary market and to originate adjustable-rate mortgage loans for retention in its own portfolio. Franklin Savings has approximately $317.6 million in assets under management. The sole activity of the firm’s only wholly-owned subsidiary, Madison Service Corporation, is to maintain interest-earning deposits. The company’s only other subsidiary, 51%-owned DirectTeller Systems, Inc., is engaged in the development, marketing and sale of computer software designed to enable customers of financial institutions to obtain account information directly from the institution’s computer via touchtone telephone or fax machine.
BRANDS/DIVISIONS/AFFILIATES: Franklin Savings & Loan Co (The) Madison Service Corp DirectTeller Systems Inc
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Thomas H. Siemers, CEO Thomas H. Siemers, Pres. Daniel T. Voelpel, CFO/VP Gretchen J. Schmidt, Sec. Gretchen J. Schmidt, Treas. Gretchen J. Schmidt, Pres./Vice Chmn./CEO-Franklin Savings
Phone: 513-469-8000 Fax: 513-469-5360 Toll-Free: Address: 4750 Ashwood Dr., Cincinnati, OH 45241 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $20,009 2007 Profits: $ 456 U.S. Stock Ticker: FFHS 2006 Sales: $19,934 2006 Profits: $1,357 Int’l Ticker: Int’l Exchange: 2005 Sales: $16,016 2005 Profits: $1,240 Employees: 50 2004 Sales: $14,830 2004 Profits: $ 673 Fiscal Year Ends: 12/31 2003 Sales: $16,926 2003 Profits: $1,440 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Y Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $175,000 Second Exec. Salary: $145,000
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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FIRST HORIZON NATIONAL CORPORATION Industry Group Code: 522110 Ranks within this company's industry group: Sales: 74 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
www.firsttennessee.com
Profits: 145
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Loans Insurance Discount Brokerage Venture Capital Financial Advising Health Savings Accounts Administration
First Horizon National Corporation (FHN) is a holding company that operates primarily through subsidiaries First Tennessee Bank National Association, First Horizon Home Loans and FTN Financial. The firm provides financial services in four business segments: Retail & commercial banking, which generated 71% of the firm’s 2007 revenue; mortgage banking, 9%; capital markets, 18%; and corporate, 2%. First Tennessee, charted in 1864, has $37 billion in total assets, $17 billion in total deposits, and $21.8 billion in total net loans in 2007. First Tennessee operates 216 financial centers in six state and 187 within Tennessee. FTN Financial Capital Markets, a division of First Tennessee, is one of the leading underwriters of U.S. agency debt. Subsidiary First Horizon Home Loan Corporation provides mortgage banking services through 356 offices in 45 states; and subsidiary FTN Financial operates through 18 offices in 15 states. Services offered by First Horizon Home Loan include general and mortgage banking services; securities sales and underwriting; transaction processing; trust, fiduciary and agency services; credit card products; discount and full service brokerage; venture capital; equipment finance; investment and financial advisory services; mutual fund sales; retail and commercial insurance sales; private mortgage reinsurance; and consumer lending. In September 2007, FHN announced plans to cut up to 50% of its mortgage sales team. In September 2008, FHN sold its mortgage origination and servicing business to MetLife Bank, N.A. FHN will continue to provide mortgage loans throughout Tennessee via First Tennessee Bank. First Horizon offers employees health, dental, and vision insurance; a savings plan; an employee assistance program; adoption reimbursement; childcare discounts; financial services discounts; flexible spending accounts; tuition reimbursement; alternative work arrangement opportunities; and employee referral bonuses. For eight years in a row, the firm was named one of the 100 Best Places to Work for in America by Fortune Magazine.
BRANDS/DIVISIONS/AFFILIATES: First Tennessee Bank National Association FTN Financial Capital Markets First Horizon Home Loan Corporation FTN Financial Republic Mortgage LLC LifeWorks
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Bryan Jordan, CEO Bryan Jordan, Pres. Bruce Livesay, CIO Marion McDougall, Exec. VP-Tech. Charles T. Tuggle, Jr., General Counsel/Exec. VP Marion McDougall, Exec. VP-Enterprise Oper. Kim Cherry, Sr. VP-Corp. Comm. Charles G. Burkett, Pres., Tennessee & National Banking Craig Keohan, Pres., First Horizon Msaver Sarah L. Meyerrose, Pres., Emerging National Businesses Bryan Jordan, Chmn.
Phone: 901-523-4444 Fax: Toll-Free: 800-489-4040 Address: 165 Madison Ave., Memphis, TN 38103 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $3,173,383 2007 Profits: $-170,100 U.S. Stock Ticker: FHN 2006 Sales: $3,571,904 2006 Profits: $462,914 Int’l Ticker: Int’l Exchange: 2005 Sales: $3,240,509 2005 Profits: $438,000 Employees: 9,555 2004 Sales: $2,529,988 2004 Profits: $454,408 Fiscal Year Ends: 12/31 2003 Sales: $2,699,497 2003 Profits: $473,309 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $790,731 Second Exec. Salary: $700,231
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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FIRST MIDWEST BANCORP INC
www.firstmidwest.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 117 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 107
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Insurance & Reinsurance Investment Advisory Services Mortgage Banking Commercial & Consumer Loans Agricultural Banking Services Trust Services Collections
First Midwest Bancorp, Inc. is a bank holding company responsible for the management and direction of its subsidiaries. The company operates two wholly owned subsidiaries First Midwest Insurance Company and First Midwest Bank. First Midwest Insurance Company is largely inactive. First Midwest Bank operates 99 banking offices and approximately 130 ATMs located primarily in suburban metropolitan Chicago, with branches also in northeastern Illinois, Iowa and Indiana. The bank is engaged in commercial and retail banking and offers a broad range of lending, depository and related financial services, including accepting deposits; commercial, industrial, consumer and real estate lending; collections; trust and investment management services; safe deposit box operations; an electronic banking center on the Internet and other banking services tailored for personal, commercial, industrial and governmental customers. Structurally, First Midwest Bank is composed of two divisions, a sales division divided between commercial and retail product lines and a support division providing corporate administrative and support services through various functional departments. The bank operates four wholly owned subsidiaries: FMB Investment Corporation; First Midwest Investments, Inc.; Calumet Investment Corporation; and Bank Calumet Financial Services, Inc. FMB Investment Corporation manages investment securities, principally state and municipal obligations, and provides corporate management services to its wholly-owned subsidiary FMB Investment Trust, which manages the company’s real estate loans. First Midwest Insurance Company operates as a reinsurer of credit life, accident and health insurance sold through the bank. Calumet Investment Corporation manages investment securities, principally state and municipal obligations, and provides corporate management services to its wholly-owned subsidiary, Calumet Investments Ltd. Calumet Investments Ltd. manages investment securities and is largely inactive. First Midwest offers its employees a 401(k) plan, free banking, an employee assistance program, a dependent care expense account, a health care expense account and medical, dental and vision insurance.
BRANDS/DIVISIONS/AFFILIATES: First Midwest Bank First Midwest Insurance Company FMB Investment Corporation FMB Investment Trust Bank Calumet, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael L. Scudder, CEO Michael L. Scudder, Pres. Paul F. Clemens, CFO/Exec. VP Cynthia A. Lance, Corp. Sec./Exec. VP Thomas J. Schwartz, Exec. VP/Pres./COO-First Midwest Bank Michael J. Kozak, Exec. VP-First Midwest Bank/Chief Credit Officer Janet M. Viano, Group Pres., Retail Banking First Midwest Bank Stephanie R. Wise, Exec. VP-Bus. & Institutional Svcs., Bank Robert P. O'Meara, Chmn.
Phone: 630-875-7450 Fax: 630-875-7369 Toll-Free: Address: 1 Pierce Place, Ste. 1500, Itasca, IL 60143 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $588,015 2007 Profits: $80,159 U.S. Stock Ticker: FMBI 2006 Sales: $579,692 2006 Profits: $117,246 Int’l Ticker: Int’l Exchange: 2005 Sales: $444,627 2005 Profits: $101,377 Employees: 1,843 2004 Sales: $394,700 2004 Profits: $99,136 Fiscal Year Ends: 12/31 2003 Sales: $371,300 2003 Profits: $92,800 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing: Y
Top Exec. Salary: $678,000 Second Exec. Salary: $409,900
Bonus: $142,300 Bonus: $170,681
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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FIRST MORTGAGE CORP
www.firstmortgage.com
Industry Group Code: 522310 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages Loan Origination Loan Purchasing
First Mortgage Corporation (FMC) is a Californian mortgage banking firm. The company originates, purchases, warehouses, sells and services mortgage loans for owneroccupied residences, principally in California. FMC provides seven different loan programs. Its conventional loans are mortgages that are not insured or guaranteed by any governmental agency, and thus may be eligible for purchase on the secondary mortgage market. These loans are available with either fixed or adjustable interest rates and individualized repayment terms. FHA loans are originated by FMC and insured by the Federal Housing Administration. These loans have either fixed or adjustable interest rates, with 30-year repayment terms. The Department of Housing and Urban Development (HUD) determines the designated maximum loan amount. Jumbo or non-conforming loans are those that exceed the maximum amount allowed for conventional loans and may be up to $1 million. These are either a fixed or adjustable rate mortgages, with parameters varying depending on the down payment and actual loan amount so terms are individualized. In addition to these, the company provides VA loans and three California-specific programs. The VA loans, guaranteed by the Veteran’s Association, are for those who have served or are currently in the U.S. armed forces that meet eligibility requirements. They do not require a down payment. FMC is an approved lender to offer California’s Housing Finance Agency Homeownership Loan Program; it offers California State Teachers Retirement System loan programs; and it is approved lender of the California Public Employees Retirement System. These California programs allow certain public officials, teachers, judges and state legislators and homebuyers to benefit from low or no down payments, reduced fees and closing cost assistance. The firm originates mortgage loans through three primary sources: through referrals from real estate brokers and builders; through direct marketing; and through consumers interested in refinancing.
BRANDS/DIVISIONS/AFFILIATES:
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Clement Ziroli, CEO Bruce G. Norman, COO Bruce G. Norman, Pres. Pac W. Dong, CFO/Exec. VP Tammy Russ, VP-Human Resources Robyn S. Fredericks, Corp. Sec./Sr. VP Pac W. Dong, Controller/Exec. VP Clement Ziroli, Chmn.
Phone: 909-595-1996 Fax: 909-598-7351 Toll-Free: 800-395-4778 Address: 3230 Fallow Field Dr., Diamond Bar, CA 91765 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Private 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 257 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 3/31 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $300,000 Second Exec. Salary: $265,000
Bonus: $384,373 Bonus: $292,151
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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FIRST NIAGARA FINANCIAL GROUP INC Industry Group Code: 522110 Ranks within this company's industry group: Sales: 119 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
www.fnfg.com
Profits: 105
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Insurance Investment Products REIT Leasing Risk Management Consulting
First Niagara Financial Group, Inc. (FNFG) is the holding company of First Niagara Bank, a federally chartered savings bank. First Niagara provides financial services to individuals, families and businesses through its 119 branches, 159 ATMs and 10 financial services subsidiaries throughout New York. Including its subsidiaries, the bank has $8.1 billion in assets and $5.5 billion in deposits. It offers personal and business checking, savings, loan and mortgage products, investment alternatives, commercial and consumer insurance, annuities and mutual funds. Subsidiary First Niagara Commercial Bank primarily generates municipal deposits. First Niagara Funding, Inc. is a real estate investment trust (REIT) that holds commercial real estate loans, residential mortgages, home equity loans and commercial business loans. First Niagara Leasing, Inc. provides direct financing to the commercial small ticket lease market. First Niagara Portfolio Management, Inc., a New York State Article 9A company, is primarily an investor in U.S. government agency and treasury obligations. First Niagara Realty, Inc. and TSB Real Property, Inc., invest in real estate limited partnerships. First Niagara Risk Management, Inc. is a full-service insurance agency that sells business and personal insurance; surety bonds; risk management; and life, disability and long-term care coverage. First Niagara Securities, Inc. acts as an agent for third-party companies to sell and service their investment and insurance products through FNFG’s banking network. First Niagara Centre, Inc. owns various property locations used by the company for its banking operations. In December 2007, Elmira Savings Bank purchased four First Niagara branches and Legacy Bancorp, Inc. purchased five branches. In February 2008, the company acquired Great Lakes Bancorp, Inc., the parent company of Greater Buffalo Savings Bank. Employees of the firm receive medical, dental and life insurance; flexible spending accounts; and discounts on the firm’s products and services.
BRANDS/DIVISIONS/AFFILIATES: First Niagara Bank First Niagara Commercial Bank First Niagara Funding, Inc. First Niagara Leasing, Inc. First Niagara Portfolio Management, Inc. First Niagara Realty, Inc. First Niagara Risk Management, Inc. Great Lakes Bancorp, Inc
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John R. Koelmel, CEO John R. Koelmel, Pres. Michael W. Harrington, CFO Elizabeth A. Bauman, Sr. VP-Human Resources John Mineo, General Counsel/Chief Risk Officer/Sec./Sr. VP Frank J. Polino, Exec. VP-Oper. David M. Zebro, Vice Chmn. G. Gary Berner, Exec. VP-Commercial Real Estate Daniel E. Cantara III, Commercial Bus.& Regional Pres., Western NY G. Thomas Bowers, Chmn.
Phone: 716-625-7500 Fax: 716-625-8681 Toll-Free: 800-201-6621 Address: 6950 S. Transit Rd. PO Box 514, Lockport, NY 140950514 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $559,978 2007 Profits: $84,085 U.S. Stock Ticker: FNFG 2006 Sales: $527,048 2006 Profits: $91,859 Int’l Ticker: Int’l Exchange: 2005 Sales: $465,880 2005 Profits: $92,859 Employees: 1,824 2004 Sales: $276,444 2004 Profits: $51,817 Fiscal Year Ends: 12/31 2003 Sales: $213,338 2003 Profits: $36,106 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y Y
Profit Sharing:
Top Exec. Salary: $402,308 Second Exec. Salary: $239,615
Bonus: $150,922 Bonus: $88,510
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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FIRST REPUBLIC BANK
www.firstrepublic.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Trust Services Investment Services Consumer Loans Business Loans Mortgages Retirement Planning Debit Card Services
First Republic Bank, with total assets over $15.3 billion, is a commercial banking and wealth management firm. It specializes in providing private banking, investment management, trust, brokerage and real estate lending. First Republic’s offices are located in San Francisco, Los Angeles, Santa Barbara, Newport Beach, San Diego, Las Vegas, Portland, Seattle, Boston and New York City, with approximately 50 branches located in and around these metropolitan centers. During 2007, it had $11 billion in deposits. First Republic offers individuals checking accounts that reimburse ATM fees; money market accounts; passbook accounts; CDs; both traditional and ROTH IRAs; free online banking and bill paying services; and consumer and business loans. First Republic operates the following subsidiaries. First Republic Securities Company, LLC provides a variety of investment management services. First Republic Trust Company offers a range of investment management and trust services. In September 2007, the firm was acquired by Merrill Lynch & Co., Inc., and merged into Merrill Lynch Bank & Trust Co., FSB, where it operated under the First Republic name. The closing price for the merger was valued at approximately $1.8 billion. In September 2008, Bank of America Corp. agreed to acquire Merrill Lynch & Co., Inc. in a $50 billion all-stock transaction.
BRANDS/DIVISIONS/AFFILIATES: First Republic Securities Company, LLC Trainer Wortham & Co. Bay Isle Private Client Asset Management Starbuck, Tisdale & Associates Froley, Revy Investment Company First Republic Trust Company First Signature Bank & Trust Bank of Walnut Creek
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. James H. Herbert, II, CEO Katherine August-deWilde, COO Katherine August-deWilde, Pres. Willis H. Newton, Jr., CFO/Exec. VP Joe Petitti, Exec. VP-Deposit Sales Dale A. Smith, CIO/Exec. VP Joe Petitti, Exec. VP-Prod. Edward J. Dobranski, General Counsel/Sec./Exec. VP Joe Petitti, Exec. VP-Strategy David B. Lichtman, Chief Credit Officer/Exec. VP Michael J. Harrington, Pres., First Republic Trust Co. David Tateosian, Pres., First Republic Securities Co. Bob Thornton, Pres., First Republic Investment Mgmt. Bob Thornton, Pres., First Republic Wealth Advisors James H. Herbert, II, Chmn.
Phone: 415-392-1400 Fax: 415-392-1413 Toll-Free: 800-392-1400 Address: 111 Pine St., San Francisco, CA 94111 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $496,336 2005 Profits: $60,827 Employees: 793 2004 Sales: $351,756 2004 Profits: $46,500 Fiscal Year Ends: 12/31 2003 Sales: $314,159 2003 Profits: $43,600 Parent Company: MERRILL LYNCH & CO INC
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $690,000 Second Exec. Salary: $436,000
Bonus: $1,765,575 Bonus: $1,333,990
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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FIRSTCITY FINANCIAL CORP
www.fcfc.com
Industry Group Code: 522310 Ranks within this company's industry group: Sales: 9 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 2
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages Portfolio Acquisitions
FirstCity Financial Corporation is a diversified financial services company headquartered in Waco, Texas, with offices throughout the U.S. and a presence in France, Mexico, Japan and South America. The company operates in a single segment, portfolio asset acquisition and resolution. FirstCity Financial purchases (either of its own accord or through investment avenues created with its business partner, Cargill Financial Services Corporation) and resolves portfolios of performing and non-performing commercial and consumer loans as well as other assets generally acquired at a discount to face value. Assets are acquired either in the form of pools or single assets and are only purchased after an extensive evaluation has been completed, including the local economic and market trends and an analysis of a given asset’s projected cash flow and sources of repayment such as the availability of third party guarantees. Sellers of portfolio assets have included financial institutions, insurance companies, other institutional lenders and government agencies such as the Small Business Association (SBA). The firm’s primary business strategy has historically been to invest in a wide variety of assets over a large geographic area, crossing traditional and foreign markets with private niche markets; the company plans to continue this trend. FirstCity’s core services include: debt purchases; due diligence underwriting; loan servicing and management; and debt obligation negotiation and resolution. FirstCity offers its employees a profit sharing and 401(k) plan; medical, dental and vision insurance; and life insurance.
BRANDS/DIVISIONS/AFFILIATES:
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. James T. Sartain, CEO Jim W. Moore, COO/Exec. VP James T. Sartain, Pres. J. Bryan Baker, CFO/Sr. VP Richard J. Vander Woude, General Counsel/Sr. VP/Sec. Jim W. Moore, Treas. C. Ivan Wilson, Vice Chmn. Terry R. DeWitt, Sr. VP Joe S. Greak, Sr. VP/Dir.-Tax James C. Holmes, Sr. VP Richard E. Bean, Chmn.
Phone: 254-761-2800 Fax: 254-751-7648 Toll-Free: 800-247-4274 Address: 6400 Imperial Dr., Waco, TX 76712 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $43,656 2007 Profits: $2,185 U.S. Stock Ticker: FCFC 2006 Sales: $28,387 2006 Profits: $9,802 Int’l Ticker: Int’l Exchange: 2005 Sales: $24,093 2005 Profits: $8,231 Employees: 241 2004 Sales: $21,141 2004 Profits: $63,634 Fiscal Year Ends: 12/31 2003 Sales: $21,318 2003 Profits: $9,187 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing: Y
Top Exec. Salary: $385,417 Second Exec. Salary: $287,501
Bonus: $50,000 Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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FIRSTFED FINANCIAL CORP
www.firstfedca.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 116 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 99
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Loans Insurance Online Banking
FirstFed Financial Corp. is the holding company of First Federal Bank of California. The bank, organized in 1929, operates 38 retail savings branches in Southern California, and two lending offices in Southern and Northern California, with $7.2 billion in total assets. In addition to its retail branches, First Federal has a retail call center that conducts transactions with customers by telephone, as well as a web site through which customers have 24-hour access to their accounts. The principal business of First Federal is attracting savings and checking deposits from the general public and using such deposits, together with borrowings and other funds, to make real estate, business and consumer loans. It offers traditional deposit products such as passbook, money market, checking and savings accounts and CDs. Lending activities consist primarily of the origination of loans enabling borrowers to purchase, refinance or improve residential property. The company’s loan portfolio, however, also includes loans secured by commercial and industrial properties, consumer loans and commercial business loans. Non-banking subsidiaries include: Seaside Financial Corporation, a real estate development company and trustee on the bank’s deeds of trust; Oceanside Insurance Agency, Inc.; and Santa Monica Capital Group, which is currently inactive. In August 2008, First Federal Bank opened its latest retail banking office in Santa Monica, California. The company offers its employees a loan program for aid in purchasing a home, a recognition program for top performers, tuition reimbursement, flexible spending accounts, a free checking account, a free savings account, a 401(k) plan, an employee stock ownership plan and medical, dental and vision insurance.
BRANDS/DIVISIONS/AFFILIATES: First Federal Bank of California Seaside Financial Corp. Oceanside Insurance Agency, Inc. Santa Monica Capital Group
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Babette E. Heimbuch, CEO James P. Giraldin, COO James P. Giraldin, Pres. Douglas J. Goddard, CFO/Exec. VP Evon G. Rosen, Sr. VP-Mktg. Janice M. Lesin, Sr. VP-IT Gregg D. Josephson, General Counsel/Corp. Sec./Sr. VP Tamara M. Collins, Sr. VP-Banking Oper. Michael Bridge, Sr. VP-Comm. Brenda J. Battey, Controller/Sr. VP David W. Anderson, Exec. VP/Chief Credit Officer Carol Baxter, Sr. VP-Loan Service Shannon Millard, Exec. VP/Pres., Real Estate Lending Ruth McCloud, Sr. VP-Banking Support Babette E. Heimbuch, Chmn.
Phone: 310-302-5600 Fax: 310-319-5899 Toll-Free: 800-637-5540 Address: 12555 W. Jefferson Blvd., Los Angeles, CA 900667036 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $613,970 2007 Profits: $92,874 U.S. Stock Ticker: FED 2006 Sales: $728,872 2006 Profits: $129,090 Int’l Ticker: Int’l Exchange: 2005 Sales: $500,872 2005 Profits: $91,698 Employees: 615 2004 Sales: $284,018 2004 Profits: $65,842 Fiscal Year Ends: 12/31 2003 Sales: $252,622 2003 Profits: $64,475 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 14 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $600,000 Second Exec. Salary: $450,000
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
Plunkett Research, Ltd.
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FIRSTMERIT CORPORATION
www.firstmerit.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 102 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 89
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgage Loans & Loan Services Credit Life, Credit Accident & Health Insurance Consumer & Business Loans Equipment Leasing & Financing Securities Brokerage Services Life Insurance Financial Consulting
FirstMerit Corporation is a holding company that primarily operates as a regional banking organization through its various subsidiaries. Its principal subsidiary, FirstMerit Bank, N.A. (FMB), provides commercial and consumer banking services through 159 full service branches and 176 ATMs (automated teller machines) in 26 counties in Ohio and Lawrence County in Pennsylvania. FirstMerit’s non-banking direct and indirect subsidiaries provide insurance sales services; credit life, credit accident and health insurance; securities brokerage services; equipment lease financing; and other financial services. FMB offers checking, savings and money market accounts, as well as commercial and consumer loans for the financing of both real estate and personal property. In addition, it provides personal and corporate trust services; personal financial services; cash management services; and international banking services. FMB is the parent company of 14 wholly-owned subsidiaries, including FirstMerit Mortgage Corporation; FirstMerit Credit Services; FirstMerit Securities; Mobile Consultants, Inc.; FirstMerit Insurance Group, Inc.; and First Merit Insurance Agency, Inc. FirstMerit Mortgage originates residential mortgage loans and provides mortgage loan services for itself and FMB. FM Credit, formerly First Merit Leasing, provides lease financing and related services. FM Securities offers securities brokerage to customers of FMB and other FirstMerit subsidiaries. Mobile Consultants, formerly a broker and servicer of manufactured housing finance contracts, is winding up its operations but continues to service a limited pool of manufactured housing finance contracts. FirstMobile Insurance Group assists in the design and funding of estate plans, corporate succession plans and executive compensation plans. FirstMerit Insurance Agency sells life insurance products and annuities.
BRANDS/DIVISIONS/AFFILIATES: FirstMerit Bank, N.A. FirstMerit Mortgage Corporation FirstMerit Credit Services FirstMerit Securities, Inc. Mobile Consultants, Inc. FirstMerit Insurance Agency, Inc. FirstMerit Insurance Group, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Paul G. Greig, CEO Paul G. Greig, Pres. Terrence E. Bichsel, CFO/Exec. VP Christopher J. Maurer, Exec. VP-Human Resources Larry A. Shoff, CTO/Exec. VP Mark N. DuHamel, Treas./Exec. VP Nicholas V. Browning, CEO/Pres., Akron Region Kenneth A. Dorsett, Exec. VP-Wealth Mgmt. Svcs. Mark J. Grescovich, Exec. VP-Commercial Banking N. James Brocklehurst, Sr. VP Paul G. Greig, Chmn.
Phone: 330-996-6300 Fax: 330-384-7133 Toll-Free: Address: 3 Cascade Plz., 7th Fl., Akron, OH 44308-1103 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $833,917 2007 Profits: $123,027 U.S. Stock Ticker: FMER 2006 Sales: $798,989 2006 Profits: $94,946 Int’l Ticker: Int’l Exchange: 2005 Sales: $731,912 2005 Profits: $130,483 Employees: 2,755 2004 Sales: $674,677 2004 Profits: $103,214 Fiscal Year Ends: 12/31 2003 Sales: $777,400 2003 Profits: $121,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
Y Y
Profit Sharing:
Top Exec. Salary: $677,272 Second Exec. Salary: $316,725
Bonus: $1,033,556 Bonus: $250,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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FISERV INC
www.fiserv.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 3 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 3
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Financial Services Investment Services Online Banking Electronic Billing & Payment Software Applications & Investment Management Solutions
Fiserv, Inc. provides integrated data processing and information management systems to more than 18,000 financial services providers, including banks, credit unions, financial planners, investment advisers and insurance companies. It operates in three segments. The financial segment provides account and transaction processing systems and services to financial institutions, such as banks, thrifts and credit unions, and other financial intermediaries. The insurance segment provides a wide range of services to insurance carriers, agents and distributors. The CreckFree segment provides online banking, electronic billing and payment, software applications and investment management solutions to financial institutions and financial services organizations. The company operates centers nationwide for full-service data processing, software development, item processing and check imaging, technology support and related product businesses, and additionally has support centers in Argentina, Australia, Canada, Colombia, China, Costa Rica, France, India, Indonesia, Luxembourg, Malaysia, Mexico, the Netherlands, the Philippines, Puerto Rico, Oland, Poland, Singapore and the U.K. In 2007, the firm acquired NetEconomy, B.V.; BancIntelligence.com, Inc.; and WorkingRx Holding Co. In December 2007, Fiserv acquired CheckFree Corp., an electronic commerce services and products provider, for roughly $4.4 billion. That same month, it sold CredStar, a mortgage credit reporting unit. In early 2008, the company sold Fiserv Health, Inc. to UnitedHealthcare Services, Inc. for $721 million. The firm also sold the majority of its Fiserv Investment support Services business to Ameritrade Online Holdings, Inc. for $225 million; and Del Mar Database, a provider of loan broker management products. The company offers its employees medical and dental insurance; life and AD&D insurance; short- and long-term disability plans; an employee stock purchase plan; a 401(k) plan; education assistance; and an employee assistance plan.
BRANDS/DIVISIONS/AFFILIATES: Avidyn Inc CheckFree Corp. NetEconomy, B.V. WorkingRx Holding Co. BancIntelligence.com, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Jeffery W. Yabuki, CEO Jeffery W. Yabuki, Pres. Thomas J. Hirsch, CFO/Exec. VP Bridie A. Fanning, Exec. VP-Human Resources Richard K. Jones, CIO/Exec. VP Charles W. Sprague, Chief Admin. Officer/Exec. VP Charles W. Sprague, General Counsel/Corp. Sec. Douglas J. Craft, Exec. VP-Oper. James W. Cox, Exec. VP-Corp. Dev. Thomas J. Hirsch, Treas. Rahul Gupta, Pres., Payments & Industry Prod. Thomas A. Neill, Pres., Depository Institutions Thomas E. Warsop, III, Pres., Financial Institutions Norman Balthasar, Sr. Exec. VP Donald F. Dillon, Chmn.
Phone: 262-879-5000 Fax: 262-879-5013 Toll-Free: 800-872-7882 Address: 255 Fiserv Dr., Brookfield, WI 53045 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $3,922,000 2007 Profits: $439,000 U.S. Stock Ticker: FISV 2006 Sales: $3,566,000 2006 Profits: $450,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $4,059,478 2005 Profits: $516,438 Employees: 25,000 2004 Sales: $3,729,746 2004 Profits: $377,642 Fiscal Year Ends: 12/31 2003 Sales: $3,033,700 2003 Profits: $315,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $840,000 Second Exec. Salary: $730,000
Bonus: $888,720 Bonus: $620,500
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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FLAGSTAR BANCORP INC
www.flagstar.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 93 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 142
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Consumer & Commercial Loans Mortgage Loans Online Banking Insurance Trusts
Flagstar Bancorp, Inc. is a thrift holding company whose primary subsidiary is Flagstar Bank, a federally chartered stock savings bank. Flagstar operates in two business segments: The banking operation and the home lending operation. The company’s banking group collects deposits from the general public and local government agencies at approximately 165 banking centers located throughout Michigan, Indiana and Georgia. Forty-one of these banking centers are located within retail stores such as Wal-Mart. The centers offer checking, savings and time deposit accounts as well as fee-based services. Flagstar also collects certificates of deposit through secondary market offerings and solicits business through its Internet branch at flagstar.com. It invests these funds in a variety of consumer and commercial loan products offered to the general public. Flagstar’s home lending group acquires single-family mortgage loans on a wholesale basis nationally. It also originates single-family loans on a consumer direct basis from nearly 76 home loan centers in 20 states, in addition to originating mortgages from its banking centers in Michigan and Indiana. The wholesale lending division operates through 12 regional offices across the U.S. The company’s other operating subsidiaries include Douglas Insurance Agency, Inc.; Flagstar Commercial Corporation; Flagstar Credit Corporation; Flagstar Trust; Flagstar Title Insurance Agency, Inc.; and Flagstar Investment Group, Inc. These companies provide products and services such as life, property and casualty insurance; mortgage reinsurance; title insurance; and trust services. Flagstar has an alliance with Merastar Insurance Company and Homesite Insurance group to provide auto and homeowner’s insurance, respectively, to its employees and customers. Flagstar offers its employees medical, dental and vision insurance; flexible spending accounts; long- and short- term disability insurance; life insurance; a 401(k); employee assistance programs; and fitness club membership discounts.
BRANDS/DIVISIONS/AFFILIATES: Flagstar Bank flagstar.com Douglas Insurance Agency, Inc. Flagstar Commercial Corporation Flagstar Credit Corporation Flagstar Trust Flagstar Title Insurance Agency, Inc. Flagstar Investment Group, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Mark T. Hammond, CEO Mark T. Hammond, Pres./Vice Chmn. Paul D. Borja, CFO/Exec. VP Mary Kay Ruedisueli, Sec. Paul D. Borja, Principle Acct. Officer Kristin A. Hammond, Chief Investment Office/Exec. Dir. Thomas J. Hammond, Chmn.
Phone: 248-312-2000 Fax: 248-312-6833 Toll-Free: 800-945-7700 Address: 5151 Corporate Dr., Troy, MI 48098-2639 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,046,088 2007 Profits: $-39,225 U.S. Stock Ticker: FBC 2006 Sales: $1,009,190 2006 Profits: $75,202 Int’l Ticker: Int’l Exchange: 2005 Sales: $868,111 2005 Profits: $79,865 Employees: 4,009 2004 Sales: $819,558 2004 Profits: $143,754 Fiscal Year Ends: 12/31 2003 Sales: $987,606 2003 Profits: $254,352 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $841,432 Second Exec. Salary: $627,750
Bonus: $1,590,000 Bonus: $954,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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FLUSHING FINANCIAL CORP
www.flushingsavings.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 143 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 135
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Annuities Mutual Funds Retirement Planning Insurance Products
Flushing Financial Corp. is the parent holding company of Flushing Savings Bank (FSB), a New York-based savings and loan association. FSB operates 14 branch offices which are located in the Queens, Brooklyn and Manhattan boroughs of New York City as well as in Nassau County, New York. Its principal business is attracting retail deposits from the general public and investing those deposits, together with funds generated by ongoing operations and borrowings. The bank invests its funds primarily in multifamily mortgage loans; commercial real estate loans; 1-4 family residential loans; mortgage loan surrogates such as mortgage-backed securities; U.S. government securities; corporate fixed-income securities; and other marketable securities. It also offers customers a full line of checking and savings accounts; secured passbook loans; student loans; small business loans and credit cards; and retirement planning services. Lending services include fixed-rate and adjustable rate mortgages; construction loans; and loan servicing. The bank owns four subsidiary companies: Flushing Preferred Funding Corporation; Flushing Service Corporation; FSB Properties, Inc. and Flushing Commercial Bank. Flushing Financial’s primary source of income is the dividends paid to it by the bank. In addition to the bank, Flushing Financial invests in U.S. Government securities, mortgage-backed securities and corporate securities. The firm’s online banking division, iGObanking.com, offers no fee, no minimum savings accounts; and CD accounts that have terms ranging from six months to five years. iGObanking reached $133 million in total deposits by the end of 2007. Also in 2007, Flushing Financial established Flushing Commercial Bank, a wholly-owned subsidiary, to serve the needs of public entities such as counties, school districts, libraries and fire districts. Employees of the firm receive tuition reimbursement; a prescription drug plan; medical and dental benefits; paid vacations; and group term life insurance.
BRANDS/DIVISIONS/AFFILIATES: Flushing Savings Bank Flushing Preferred Funding Corporation Flushing Service Corporation FSB Properties, Inc. Atlantic Liberty Financial Corp. Atlantic Liberty Savings, F.A. Flushing Commercial Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John R. Buran, CEO Maria A. Grasso, COO/Exec. VP John R. Buran, Pres. David W. Fry, CFO/Exec. VP Ruth Filiberto, Sr. VP-Human Resources Maria A. Grasso, Corp. Sec. Barbara Beckmann, Sr. VP-Oper. David W. Fry, Treas./Exec. VP Francis W. Korzekwinski, Exec. VP/Chief Real Estate Lending Officer Patricia Mezeul, Sr. VP-Dir. Of Gov't Banking Gerard P. Tully, Sr., Chmn. Chris Hwang, Sr. VP/Dir.-Asian Markets
Phone: 718-961-5400 Fax: 718-358-4385 Toll-Free: Address: 1979 Marcus Ave., Ste. E140, Lake Success, NY 11042 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $208,525 2007 Profits: $20,185 U.S. Stock Ticker: FFIC 2006 Sales: $168,179 2006 Profits: $21,639 Int’l Ticker: Int’l Exchange: 2005 Sales: $139,733 2005 Profits: $23,542 Employees: 269 2004 Sales: $124,767 2004 Profits: $22,649 Fiscal Year Ends: 12/31 2003 Sales: $118,624 2003 Profits: $21,678 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing: Y
Top Exec. Salary: $520,000 Second Exec. Salary: $262,500
Bonus: $272,000 Bonus: $109,800
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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FNB CORP
www.fnbcorporation.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 126 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 114
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages & Consumer Loans Insurance & Reinsurance Trust Services Investment Services
F.N.B. Corp. is a bank holding company with 218 community banking offices and 54 consumer finance offices in Pennsylvania, Ohio and Tennessee. The company operates in four segments: banking, wealth management, insurance and consumer finance. The community banking segment, through First National Bank of Pennsylvania, offers services that include; savings and time deposit accounts; and commercial, mortgage and individual installment loans. The division also includes five commercial loan production offices in Florida, one commercial loan production office in Pennsylvania and one mortgage loan production office in Tennessee, the underwriting for which is performed centrally. The wealth management segment delivers wealth management services to individuals, corporations and retirement funds as well as existing customers of community banking. The trust subsidiary, First National Trust Company, provides personal and corporate fiduciary services, including the administration of decent and trust estates. The division also includes subsidiaries First National Investment Services Company, LLC, which offers investment products and services; and F.N.B. Investment Advisors, Inc., an investment advisor that offers objective investment programs featuring mutual funds, annuities, stocks and bonds. The insurance segment, operating through First National Insurance Agency, LLC, offers numerous lines of commercial and personal insurance through major carriers to businesses and individuals. The division also includes reinsurance subsidiary Penn-Ohio Life Insurance Company, which underwrites credit life and accident and health insurance; and First National Corp., which offers title insurance products. The consumer finance segment operates through Regency Finance Company and offers installment loans to individuals and purchasing installment sales finance contracts from retail merchants. In August 2008, the firm completed its acquisition of Iron and Glass Bancorp, Inc. The firm offers its employees medical, prescription, vision and dental insurance; AD&D insurance; short- and long-term disability plans; an voluntary employee stock purchase plan; a 401(k) plan; employee assistance; flex days, and educational assistance.
BRANDS/DIVISIONS/AFFILIATES: First National Bank of Pennsylvania First National Trust Company First National Investment Services Company LLC F.N.B. Investment Advisors, Inc. First National Insurance Agency LLC Penn-Ohio Life Insurance Company Regency Finance Company Iron and Glass Bancorp Inc
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Bob New, CEO Bob New, Pres. Brian F. Lilly, CFO James G. Orie, Chief Legal Officer Scott D. Free, Treas. David B. Mogle, Sec. Stephen J. Gurgovits, Chmn.
Phone: 724-981-6000 Fax: 724-983-4873 Toll-Free: 800-555-5455 Address: 1 F.N.B. Blvd., Hermitage, PA 16148 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $450,617 2007 Profits: $69,678 U.S. Stock Ticker: FNB 2006 Sales: $421,697 2006 Profits: $67,649 Int’l Ticker: Int’l Exchange: 2005 Sales: $368,792 2005 Profits: $55,258 Employees: 1,513 2004 Sales: $332,589 2004 Profits: $61,795 Fiscal Year Ends: 12/31 2003 Sales: $553,884 2003 Profits: $58,789 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $600,000 Second Exec. Salary: $350,016
Bonus: $401,248 Bonus: $198,565
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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FORD MOTOR CREDIT CO
www.fordcredit.com
Industry Group Code: 522220 Ranks within this company's industry group: Sales: 2 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Automobile Financing Insurance Leasing Loans & Mortgages Fleet Financing Dealer Financing
Ford Motor Credit Co., an indirect, wholly-owned subsidiary of Ford Motor Company, is one of the largest companies in the world dedicated to automotive finance, offering financial services to vehicle buyers in 36 countries. The firm offers a wide variety of automotive financing products to and through automotive dealers throughout the world. The company operates through brands such as Ford Credit, Volvo Car Finance, Mazda American Credit and PRIMUS Financial Services. Its primary financing products fall into three categories: retail financing, wholesale financing, and other financing. Retail financing includes purchasing retail installment sale contracts and retail lease contracts from dealers and offering financing to commercial customers, primarily vehicle leasing companies and fleet purchasers, to lease or purchase vehicle fleets. Wholesale financing makes loans to dealers to finance the purchase of vehicle inventory, also known as floorplan financing. Other financing includes making loans to dealers for working capital; improvements to dealership facilities; and to purchase and finance dealership real estate. Ford Motor Credit Co. also services the finance receivables and leases it originates and purchases; makes loans to Ford affiliates; purchases certain receivables of Ford and its subsidiaries and provides insurance services related to its financing programs. The company earns revenue primarily from: payments made under retail installment sale contracts and leases that it purchases; interest supplements and other support payments from Ford and affiliated companies; and payments made under wholesale and other dealer loan financing programs. Ford offers its employees pay-for-performance programs that include bonus awards. The firm also provides skill development training, employee discounts on Ford products and tuition reimbursement. Additionally, employees have the opportunity to work at any Ford location around the world.
BRANDS/DIVISIONS/AFFILIATES: Ford Credit Volvo Car Finance Mazda American Credit PRIMUS Financial Services Ford Motor Co
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael E. Bannister, CEO Kenneth R. Kent, CFO/Vice Chmn. John T. Noone, Exec. VP/Pres., Global Mktg. & Sales Kenneth R. Kent, Treas. Michael E. Bannister, Chmn.
Phone: 313-322-3000 Fax: 313-323-2959 Toll-Free: 800-727-7000 Address: 1 American Rd., Dearborn, MI 48126 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $18,638,000 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $17,247,000 2006 Profits: $1,283,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $16,480,000 2005 Profits: $1,904,000 Employees: 11,100 2004 Sales: $17,882,000 2004 Profits: $2,862,000 Fiscal Year Ends: 12/31 2003 Sales: $16,110,000 2003 Profits: $1,817,000 Parent Company: FORD MOTOR CO
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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FREDDIE MAC
www.freddiemac.com
Industry Group Code: 522310 Ranks within this company's industry group: Sales: 2 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 8
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgage Purchasing Credit Services
Freddie Mac, officially known as Federal Home Loan Mortgage Corporation, is a public corporation chartered by the U.S. Congress to create a continuous flow of funds to mortgage lenders in support of home ownership and rental housing. The company purchases residential mortgages from lenders across the country and then packages them into securities. These securities are then sold to investors around the world. The firm also lends money directly to homebuyers. Freddie Mac retains some mortgages for its portfolio, which it pays for by issuing debt securities to investors. The firm purchases 30-year, 20-year, 15-year and 10-year fixed-rate single-family mortgages as well as adjustable-rate mortgages (ARMs) and balloon/reset mortgages. Freddie Mac's mortgage securitization business receives the mortgage payments from the original lender or loan servicer, deducts a timeliness guarantee fee, as well as some other fees, and passes the remainder on to the holder or holders of the mortgage-backed securities. The company also implements regular public risk-based capital stress tests, initiates public interest-rate risk sensitivity analyses, discloses credit risk sensitivity analyses and obtains annual ratings from nationally recognized statistical rating organizations. In September 2008, after suffering devastating losses in it mortgage portfolio, Freddie Mac was placed in conservatorship by the U.S. federal government, which has taken effective control of the company. Over the near term, its focus will be on less aggressive lending, attempting to facilitate stability in the housing market and workouts of existing mortgages. The company offers its employees medical, dental and vision insurance; life and AD&D insurance; short- and long-term disability insurance; business travel accident insurance; an employee assistance program; an educational assistance program; a 401(k) plan; a pension plan; and an employee stock purchase plan.
BRANDS/DIVISIONS/AFFILIATES: Federal Home Loan Mortgage Corp.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. David Moffett, CEO David Kellermann, Interim CFO/Sr. VP Paul G. George, Exec. VP-Human Resources Mike Perlman, Exec. VP-Tech. Robert E. Bostrom, General Counsel/Exec. VP Mike Perlman, Exec. VP-Oper. Ralph F. Boyd, Jr., Exec. VP-Comm. Rel. Michael C. May, Sr. VP-Multifamily Sourcing Hollis McLoughlin, Sr. VP-External Rel. Paul E. Mullings, Sr. VP-Single Family Sourcing Anurag Saksena, Chief Enterprise Risk Officer/Sr. VP Richard F. Syron, Chmn.
Phone: 703-903-2000 Fax: Toll-Free: 800-424-5401 Address: 8200 Jones Branch Dr., McLean, VA 22102 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $41,215,000 2007 Profits: $-1,956,000 U.S. Stock Ticker: FRE 2006 Sales: $43,087,000 2006 Profits: $2,211,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $36,327,000 2005 Profits: $ Employees: 5,400 2004 Sales: $32,664,000 2004 Profits: $2,937,000 Fiscal Year Ends: 12/31 2003 Sales: $36,839,000 2003 Profits: $4,891,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $1,100,000 Second Exec. Salary: $900,000
Bonus: $2,400,000 Bonus: $1,500,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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FULTON FINANCIAL CORP
www.fult.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 91 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 83
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Stock Brokerage Credit Cards Consumer Loans Investment Management Trust Services Insurance Mortgages
Fulton Financial Corp. is a regional financial holding company operating 14 community banks, which collectively have more than 260 offices and ATMs. The company directly owns 100% of the common stock of eleven community banks, two financial services companies and twelve non-bank entities. The company’s eleven subsidiary banks are located primarily in suburban or semi-rural geographical markets throughout a five state region: Pennsylvania, Delaware, Maryland, New Jersey and Virginia. The company owns 100% of the common stock of six nonbank subsidiaries which are consolidated for financial reporting purposes. Fulton Reinsurance Company, LTD engages in the business of reinsuring credit life and accident and health insurance directly related to extensions of credit by the banking subsidiaries of the corporation. Fulton Financial Realty Company holds title to or leases certain properties upon which corporation branch offices and other facilities are located. Central Pennsylvania Financial Corp. owns certain limited partnership interests in partnerships invested in low and moderate income housing projects. FFC Management, Inc. owns certain investment securities and other passive investments. Virginia Financial Services, LLC engages in business consulting activities. FFC Penn Square, Inc. owns trust preferred securities issued by a subsidiary of the corporation’s largest bank subsidiary. In September 2008, the Fulton Financial Corp announced that it plans to merge three of its sister banks, the Hagerstown Trust Company, The Peoples Bank of Elkton and The Columbia Bank. The new entity will retain The Columbia Bank name.
BRANDS/DIVISIONS/AFFILIATES: Lebanon Valley Farmers Bank Swineford National Bank Skylands Community Bank Peoples Bank of Elkton (The) Columbia Bank (The) Fulton Mortgage Company Pennsylvania Financial Corp. Columbia Bancorp
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. R. Scott Smith, Jr., CEO R. Scott Smith, Jr., Pres. Charles J. Nugent, CFO/Sr. Exec. VP Craig H. Hill, Sr. Exec. VP-Human Resources James E. Shreiner, Sr. Exec. VP-Admin. Svcs. George R. Barr, Jr., Sec. Laura J. Wakeley, VP-Corp. Comm. Richard J. Ashby, Jr., Sr. Exec. VP/Chmn.-Fulton Financial Advisors E. Philip Wenger, Sr. Exec. VP-Community Banking R. Scott Smith, Jr., Chmn.
Phone: 717-291-2411 Fax: 717-291-2695 Toll-Free: 800-752-9580 Address: 1 Penn Sq., Lancaster, PA 17604 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,087,601 2007 Profits: $152,718 U.S. Stock Ticker: FULT 2006 Sales: $1,014,382 2006 Profits: $185,527 Int’l Ticker: Int’l Exchange: 2005 Sales: $770,065 2005 Profits: $166,074 Employees: 3,680 2004 Sales: $632,500 2004 Profits: $152,900 Fiscal Year Ends: 12/31 2003 Sales: $572,518 2003 Profits: $138,180 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $763,213 Second Exec. Salary: $478,400
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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FUNDTECH LTD
www.fundtech.com
Industry Group Code: 511201 Ranks within this company's industry group: Sales: 5 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 4
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Software-Financial Services Cash & Treasury Management Software Internet Software
Fundtech, Ltd., with over $128 billion in assets, provides ecommerce and e-banking software solutions enabling businesses to electronically manage cash, process payments and transfer funds. The firm offers products in five major categories: cash management, payment processing, foreign exchange settlements, financial messaging and, most recently, securities post-trade settlement. The company's client/server and Internet software products automate the process of transferring funds among corporations, banks and clearance systems, enabling businesses to manage their global cash positions efficiently in real-time. Fundtech offers services for implementing new products and technologies, maintaining systems and planning for disaster recovery. The firm is one of the largest providers of services linking banks to networks, such as the U.S. Federal Reserve System, which has approximately 7,500 banks on its FedLine system. On a global basis, Fundtech allows banks to link to the Society for Worldwide Financial Interbank Telecommunications (SWIFT) network, which facilitates cross-border transactions for approximately 7,000 banks in over 200 countries. In addition, the company offers software that link banks to the Continuous Linked Settlement System (CLS), which reduces foreign exchange settlement risk. Fundtech’s ACCESS Banking, PAYplus and CASHplus lines of software are used by financial institutions around the globe, including Bank of America, Citibank, Washington Mutual, Deutsche Bank and National Australia Bank. Together with recently acquired Radius Partners, Fundtech developed its newest product, TRADEplus, a software solution aimed at achieving real time Delivery versus Payment in post-trade securities processing. In February 2007, the firm acquired Prang GmbH, a German software payment provider. In February 2008, Fundtech acquired Accountis Ltd., a Welsh supplier of electronic invoice presentment and payment systems; and acquired the Automated Clearing House (ACH) Software product line from TROY Group, Inc. In October 2008, the firm acquired Synergy Financial Systems Ltd., bringing Fundtech’s SWIFT client base to over 200 financial institutions.
BRANDS/DIVISIONS/AFFILIATES: ACCESS Banking PAYplus CASHplus Radius Partners TRADEplus Prang GmbH Accountis Ltd. Synergy Financial Systems Ltd.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Reuven Ben Menachem, CEO Michael Sgroe, COO Michael Sgroe, Pres. Yoram Bibring, CFO Brian Jou, Exec. VP-Global Prod. Mgmt. Joseph P. Mazzetti, Exec. VP-Corp. Dev. Margie Petrasek, Investor Rel. Moti Porath, Exec. VP-Bus. Dev. Leslie Bertha, Exec. VP-Fundtech North America Gideon Argov, Chmn. Gil Gadot, Managing Dir.-APAC
Phone: 201-946-1100 Fax: 201-946-1313 Toll-Free: Address: 30 Montgomery Street, Ste. 501, Jersey City, NJ 07302 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $104,634 2007 Profits: $7,107 U.S. Stock Ticker: FNDT 2006 Sales: $85,509 2006 Profits: $3,751 Int’l Ticker: Int’l Exchange: 2005 Sales: $74,500 2005 Profits: $4,300 Employees: 921 2004 Sales: $58,537 2004 Profits: $2,467 Fiscal Year Ends: 12/31 2003 Sales: $47,614 2003 Profits: $ 67 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $160,000
Bonus: $65,000 Bonus: $160,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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GE COMMERCIAL FINANCE
gecommercialfinance.gecapsol.com
Industry Group Code: 522220A Ranks within this company's industry group: Sales: 2 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 2
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Commercial Lending Commercial Equipment Leasing Finance Program Development Real Estate Finance Health Care Finance Fleet Management Specialty Financing
GE Commercial Finance provides small and large businesses with lending products, growth capital, revolving lines of credit, equipment leasing, cash flow programs and asset financing to client businesses in over 35 countries. The company has over $335 billion in assets. The firm is divided into four smaller businesses. GE Capital Solutions provides leasing, lending, fleet services, inventory finance, franchise services and financial solutions to help customers acquire and manage fixed assets. This division serves the construction, transportation, marine, healthcare, information technology (IT), telecom and manufacturing industries, among others. GE Corporate Financial Services provides financing solutions primarily for non-investment-grade companies, including revolving credit facilities, term debt, asset securitization, trade finance, factoring, debtor-inpossession facilities and plan-of-reorganization facilities, as well as preferred and common equity. In addition, Corporate Financial offers asset-based and cash flow business loans and business financing for acquisition & buyout. GE Healthcare Financial Services is a specialty finance entity dealing only with the health care industry’s unique requirements, with offerings such as equipment financing, information systems financing, real estate, working capital, acquisitions financing, recapitalizations, turnarounds, vendor programs, practice acquisitions and equity investing. GE Real Estate offers intermediate to long-term mortgage financing, restructuring and acquisition capital and niche equity investments. Businesses related to Commerical Finance include GE Aviation Services, which serves customers by providing funding for more than 1,200 owned aircraft and managing nearly 300 others; and GE Energy Financial Services, which is a global leader in energy investing and financing that provides a wide range of financial products and services to companies throughout the energy industry. In December 2007, the company partnered with Allied Capital to launch a $3.6 billion senior secured unitranche loan fund. In February 2008, the firm agreed to become the sole shareholder of East Asia GE Commercial Finance.
BRANDS/DIVISIONS/AFFILIATES: General Electric Co GE Corporate Financial Services GE Vendor Financial Services GE Commercial Equipment Financing GE Aviation Services GE European Equipment Finance GE Real Estate GE Healthcare Financial Services
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Jeffrey S. Bornstein, CFO Jeff Malehorn, CEO/Pres., GE Healthcare Financial Services Ron Pressman, CEO/Pres., GE Real Estate
Phone: 203-357-4000 Fax: 203-357-6136 Toll-Free: Address: 260 Long Ridge Rd., Stamford, CT 06927 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $34,288,000 2007 Profits: $6,039,000 U.S. Stock Ticker: Subsidiary 2006 Sales: $30,853,000 2006 Profits: $5,297,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $27,273,000 2005 Profits: $4,487,000 Employees: 28,500 2004 Sales: $26,095,000 2004 Profits: $3,652,000 Fiscal Year Ends: 12/31 2003 Sales: $20,284,000 2003 Profits: $2,831,000 Parent Company: GENERAL ELECTRIC CO (GE)
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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GE HEALTHCARE FINANCIAL SERVICES www.gehealthcarefinance.com Industry Group Code: 522220A Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Leasing/Financing-Business Equipment Commercial Lending Healthcare Advisory
GE Healthcare Financial Services (GE HFS), formerly HPSC, Inc., provides business and financial resources to the healthcare industry and is a leading U.S. medical equipment lessor. A subsidiary of GE Commercial Finance, which is in turn a subsidiary of General Electric Co. (GE), GE HFS operates 40 offices throughout the U.S. as well as additional offices in Canada and the Latin America, Europe and AsiaPacific regions. GE HFS has approximately $22 billion in assets and serves such healthcare industry sectors as hospitals, ambulatory care providers, healthcare practices, life sciences, pharmaceuticals, biotechnology, medical device manufacturers, senior care providers, healthcare service providers and the bankers, brokers, consultants, financial advisors and management firms who work with such healthcare organizations. Products and services provided by GE HFS include equipment financing, information systems financing, real estate, working capital, acquisitions financing, recapitalizations, turnarounds, vendor programs, practice acquisitions and equity investing. In recent news, GE HFS provided a $320 million senior secured credit facility to Saint Vincent Catholic Medical Centers of New York, supporting the hospital’s emergence from Chapter 11 bankruptcy. In June 2007, the company arranged $1.3 billion senior credit facilities for Inverness Medical Innovations, Inc., to support its acquisition of Biosite Incorporated. As of August 2008, the firm had closed $1.8 billion in transactions in 2008 alone. GE HFS offers its employees tuition assistance, product discounts, a 401(k) plan, on-site fitness centers and on-site medical centers.
BRANDS/DIVISIONS/AFFILIATES: HPSC Inc GE Commercial Finance Saint Vincent Catholic Medical Centers of New York Inverness Medical Innovations
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Jeff Malehorn, CEO Jeff Malehorn, Pres. George Newcomb, CFO Antoinette L. Gawin, Chief Mktg. Officer Carlos Carrasquillo, General Counsel James Seymour, Sr. Managing Dir.-Acquisitions & Mergers Darren Alcus, Gen. Mgr.-Comm. Finance Jim Ambrose, Gen. Mgr.-Equipment Finance John Crosby, Chief Risk Officer
Phone: 312-441-7705 Fax: 312-441-7770 Toll-Free: 800-598-6201 Address: 500 W. Monroe, Chicago, IL 60661 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 132 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company: GE COMMERCIAL FINANCE
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $362,000 Second Exec. Salary: $257,000
Bonus: $414,000 Bonus: $181,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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GE MONEY
www.gemoney.com
Industry Group Code: 522291 Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Consumer Finance Credit Cards Commercial Loans Auto Loans & Leases Insurance Mortgages Home Equity Loans Corporate Travel & Purchasing Cards
GE Money, formerly GE Consumer Finance, Inc., is a retail banking and credit service provider to consumers and retailers. The firm, a subsidiary of General Electric Company, has more than 130 million global customers and operates in roughly 55 countries. GE Money, based in London, U.K., offers a range of financial products, including private label credit cards, personal loans, bank cards, mortgages, debt consolidation and home equity loans and credit insurance. Its products are divided between two major segments, GE Money-Americas and GE Money sales finance. The Americas unit serves a broad range of customers, including consumers as well as small businesses and corporations. Businesses are offered commercial loans, corporate cards for travel and purchasing, cash management, inventory financing, receivables financing, factoring and leasing. Within personal finance, GE offers debt consolidation, home equity loans, insurance, mortgages, personal loans and consumer or commercial deposits. It also offers consumers independent loans, leases and residual funding products on both new and used auto, marine, leisure and recreational vehicles. The sales finance business unit provides installment lending, bankcards, private label credit card programs, and other financial services to retailers, manufacturers and healthcare providers. The majority of GE Money’s customers are in either the U.S. or Europe, but there are also dealers and consumers in Asia Pacific, as well as in South America. In June 2008, GE Money Bank acquired Bank BPH in Poland. In June 2008, Banco Santander and GE Money reached an agreement in which Santander will acquire GE Money businesses in Germany, Finland and Austria and the card and auto financing businesses in the U.K. In July 2008, the firm sold its Japanese consumer finance business to Shinsei Bank.
BRANDS/DIVISIONS/AFFILIATES: General Electric Co (GE) GE Consumer Finance
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William H. Cary, CEO William H. Cary, Pres. Vincenzo Picone, Sr. VP-Global Mktg. Robert J. Rendine, VP-Global Comm. Glenn Marino, CEO/Pres., GE Money Sales & Finance Mark Begor, CEO/Pres., GE Money Americas Iqbal Singh, CEO/Pres., GE Money India Duncan Berry, Dir.-Secured Lending, GE Money Home Lending Dmitri Stockton, CEO/Pres., GE Money-Central & Eastern Europe
Phone: 203-357-4000 Fax: 203-357-6829 Toll-Free: 866-239-4362 Address: 777 Long Ridge Rd., Stamford, CT 06927 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $25,019,000 2007 Profits: $4,280,000 U.S. Stock Ticker: Subsidiary 2006 Sales: $19,783,000 2006 Profits: $3,267,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $17,072,000 2005 Profits: $2,527,000 Employees: 51,000 2004 Sales: $13,713,000 2004 Profits: $2,012,000 Fiscal Year Ends: 12/31 2003 Sales: $11,126,000 2003 Profits: $1,777,000 Parent Company: GENERAL ELECTRIC CO (GE)
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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GE REAL ESTATE
www.gerealestate.com
Industry Group Code: 522310 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Commercial Real Estate Operations Commercial Real Estate Mortgages & Finance Asset Management Joint Ventures Capital Market Securitization Restructuring & Acquisition Capital Niche Equity Investments
GE Real Estate, a business unit of GE Commercial Finance, is one of the leading global resources for commercial real estate mortgages and investment capital, with over $87 billion in total assets and 45 offices in 31 countries. It provides a range of financing, equity and real estate services, including mortgage financing; restructuring and acquisition capital; niche equity investments/joint ventures; capital market securitization and placements; and asset management services. The company operates in five segments: Europe, Asia-Pacific, Business Property, North America Equity (NAE) and North America Lending (NAL). BP offers single owner commercial real estate financing, serving commercial real estate owners, investor and developers. NAE provides a range of equity solutions, from joint venture structures to direct investments in corporate real estate and debt portfolios. NAL provides customers with a comprehensive choice of debt structures, including both fixed- and floating-rate financing. NAL offers a broad range of products, delivered by more than 300 associates strategically located in 19 offices in the U.S. and Canada. Recently, the company completed the $4.8 billion acquisition of Arden Realty, one of the largest office landlords in southern California; in 2007, Arden acquired 5.9 million square feet from Blackstone in six major west coast markets. Also in 2007, GE agreed to acquire the central and eastern Canadian portfolio of Dundee REIT for approximately $2.5 billion. The firm entered Thailand, Taiwan and Brazil in 2007, and entered joint ventures in Russia, Romania and Japan. GE Real Estate offers tuition assistance and loan programs for employees interested in developing their careers.
BRANDS/DIVISIONS/AFFILIATES: Arden Realty, Inc. Dundee REIT Business Property North American Equity North American Lending
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Ron Pressman, CEO Ron Pressman, Pres. Stewart Koenigsberg, CFO Bernard Garrigues, Sr. VP-Global Human Resources Hank Zupnick, CIO Eileen Brumback, General Counsel/Sr. VP Kathleen Carey, Sr. VP-e-Bus. & Quality Jonathan Kern, Global Chief Investment Officer Joseph Parsons, Pres., North American Equity Olivier Piani, Pres., Europe Bruce Nelson, CEO/Pres., Bus. Property Bob Pfeiffer, Sr. VP-Global Asset Mgmt. Svcs. Mark Hutchinson, Pres., Asia Pacific Tony Kinnel, Sr. VP-Sourcing
Phone: 203-750-2900 Fax: Toll-Free: 888-433-4778 Address: 901 Main Ave., Norwalk, CT 06581 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 6,000 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company: GENERAL ELECTRIC CO (GE)
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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GENERAL ELECTRIC CO (GE)
www.ge.com
Industry Group Code: 522220A Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Business Leasing & Finance Energy Systems & Consulting Insurance & Financial Services Industrial & Electrical Equipment & Consumer Products Television & Film Production & Distribution Real Estate Investments & Finance Medical Equipment Transportation, Aircraft Engines, Rail Systems & Truck Fleet Management
General Electric Co. (GE) is one of the world's largest and most diversified corporations, with six operating divisions: Infrastructure, commercial finance, GE Money (formerly consumer finance), healthcare, NBC Universal and industrial. GE's infrastructure division, its largest operating segment, produces, sells, finances and services equipment for the air and rail transportation, water treatment and energy generation industries. GE's commercial finance segment offers financial services mainly to manufacturers, distributors and end-users, including loans and leases. GE Money offers credit and deposit products to consumers, retailers, banks and auto dealers in over 50 countries. The healthcare segment develops diagnostic and therapy equipment including MRI and CT scanners, x-ray, nuclear imaging and ultrasound equipment. NBC Universal, the company's network television affiliate, broadcasts to affiliated television stations within the U.S., produces live and recorded television programs, operates television broadcasting stations and produces and distributes films. GE's industrial segment produces and sells products including consumer appliances, industrial equipment and plastics and also provides asset management services for the transportation industry. In 2007, the firm made a number of acquisitions, the most significant of which were Trustreet Properties, Inc.; Diskont und Kredit AG and Disko Leasing GmbH (DISKO) and ASL Auto Service-Leasing GmbH (ASL), the leasing businesses of KG Allgemeine Leasing GmbH & Co.; and Sanyo Electric Credit Co., Ltd. Recent acquisitions include Kelman Limited of Northern Ireland; CitiCapital, Citigroup’s North American commercial leasing and commercial equipment finance business; and Bank BPH of Poland. GE provides its employees with tuition, adoption, parenting and child care assistance; education and career counseling; and legal and financial information services.
BRANDS/DIVISIONS/AFFILIATES: GE Commercial Finance GE Infrastructure GE Healthcare NBC Universal GE Money GE Equipment Services GE Industrial GE Aviation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Jeffrey R. Immelt, CEO Keith S. Sherin, CFO Beth Comstock, Chief Mktg. Officer/Sr. VP John Lynch, Sr. VP-Corp. Human Resources Mark M. Little, Sr. VP/Dir.-Global Research Gary M. Reiner, CIO/Sr. VP Brackett B. Denniston, III, General Counsel/Sr. VP Wayne Hewett, VP-Oper. Pamela Daley, Sr. VP-Corp. Bus. Dev. Trevor Schauenberg, Corp. Investor Comm. Kathryn A. Cassidy, Treas./VP Michael A. Neal, CEO/Pres., GE Commercial Finance John G. Rice, CEO/Pres., GE Infrastructure James Campbell, CEO/Pres., GE Industrial Susan P. Peters, VP-Exec. Dev. Jeffrey R. Immelt, Chmn. Ferdinando Beccalli-Falco, CEO/Pres., Int'l Wayne Hewett, VP-Supply Chain
Phone: 203-373-2211 Fax: 203-373-3131 Toll-Free: Address: 3135 Easton Turnpike, Fairfield, CT 06828-0001 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $172,738,000 2007 Profits: $22,208,000 U.S. Stock Ticker: GE 2006 Sales: $151,843,000 2006 Profits: $20,742,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $136,580,000 2005 Profits: $16,720,000 Employees: 327,000 2004 Sales: $134,481,000 2004 Profits: $16,285,000 Fiscal Year Ends: 12/31 2003 Sales: $134,187,000 2003 Profits: $15,002,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 10 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $3,300,000 Second Exec. Salary: $2,750,000
Bonus: $5,800,000 Bonus: $7,590,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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GLOBAL PAYMENTS INC
www.globalpaymentsinc.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 8 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 7
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Electronic Payment Processing Credit & Debit Card Processing Funds Transfer Services Check Guarantee Services Merchant Services
Global Payments, Inc. is a leading payment processing and consumer money transfer company enabling merchants, multinational corporations, financial institutions, consumers, government agencies and other profit and non-profit business enterprises to facilitate payments or further other economic goals. Global Payments markets its products and services throughout the U.S., Canada, Europe and the AsiaPacific region. It operates in two business segments: merchant services and money transfer. It operates 875 originating retail branch locations in the U.S. and 68 in Europe. Global Payments has settlement arrangements with over 12,000 bank, exchange house and retail locations worldwide. The company’s offerings in its merchant services segment provide merchants, independent sales organizations (ISOs) and financial institutions with credit and debit card transaction processing and check-related services. Global Payments also offers sales, installation and servicing of ATM and point of sale terminals and selected card issuing services through its Czech Republic-based Global Payments Europe subsidiary. The company markets its merchant services both directly, using a salaried and commissioned sales force, ISOs and independent sales representatives to sell its products directly to merchants; and indirectly, providing its products and services primarily to financial institutions and a limited number of ISOs on an unbundled basis, which in turn resell its products and services to merchants. Global Payments Europe provides the company’s indirect merchant services in Europe. The company’s money transfer segment provides consumer money transfer services primarily marketed through its DolEx brand electronic money transfer services targeting first and second generation Latin Americans living in the U.S. Global Payments offers its employees an educational assistance program, a PC purchase plan, a 529 college savings plan, an employee assistance program, flexible spending accounts and medical, dental, vision, life and disability insurance.
BRANDS/DIVISIONS/AFFILIATES: Global Payments Europe DolEx
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Paul R. Garcia, CEO James G. Kelly, COO/Sr. Exec. VP Paul R. Garcia, Pres. Joseph C. Hyde, CFO/Exec. VP Morgan M. (Mac) Schuessler, Exec. VP-Human Resources Suellyn P. Tornay, General Counsel/Exec. VP Morgan M. (Mac) Schuessler, Exec. VP-Corp. Comm. Martin A. Picciano, Chief Acct. Officer/Sr. VP-Acct. George Zelinski, Pres., North American Money Transfer Jose Salinas Nilson, Pres., European Money Transfer Paul R. Garcia, Chmn. Carl J. Williams, Pres., Worldwide Payment Processing
Phone: 770-829-8236 Fax: 770-829-8267 Toll-Free: 800-560-2960 Address: 10 Glenlake Pkwy., N. Tower, Atlanta, GA 30328 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,061,523 2007 Profits: $142,985 U.S. Stock Ticker: GPN 2006 Sales: $908,056 2006 Profits: $125,524 Int’l Ticker: Int’l Exchange: 2005 Sales: $784,331 2005 Profits: $92,896 Employees: 4,680 2004 Sales: $629,320 2004 Profits: $62,443 Fiscal Year Ends: 5/31 2003 Sales: $516,084 2003 Profits: $53,300 Parent Company:
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan: Y
Y
Profit Sharing:
Top Exec. Salary: $779,077 Second Exec. Salary: $479,385
Bonus: $732,000 Bonus: $351,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
Plunkett Research, Ltd.
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GMAC FINANCIAL SERVICES
www.gmacfs.com
Industry Group Code: 522220 Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 5
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Automobile Financing Leasing Services Insurance Mortgage Banking Business Support Financing Commercial Credit Commercial Mortgages Residential Mortgages
GMAC LLC, formerly General Motors Acceptance Corporation, founded in 1919, is a global financial services company providing automotive finance, real estate finance, insurance and commercial finance in roughly 40 countries. A consortium of investors led by Cerberus Capital Management, L.P. acquired a 51% controlling interest in GMAC from General Motors (GM) in 2006. GMAC offers wholesale and retail automotive financing services primarily to franchised GM dealers and their customers. However, the company has recently begun to diversify its portfolio to other dealer franchises. Subsidiary Residential Capital, LLC (ResCap) is a leading real estate finance company focused on the residential market in the U.S. and internationally. GMAC’s insurance offerings include personal automobile insurance, selected commercial insurance and extended service and maintenance contracts. GMAC Bank is an online bank offering a number of high-yield savings products, including money market savings accounts and a variety of fixed-rate certificates of deposit. GMAC offers financial products for middle-market businesses and factoring and accounts receivable finance through three divisions: commercial services, European operations and Structured Finance. In February 2007, the company sold $607 million of its equipment finance portfolio to Prudential Capital Group. In October 2007, GMAC announced plans to restructure its mortgage operations in response to weakness in the housing market and mortgage industry. Changes include reducing its workforce by roughly 25%. In February 2008, Russian subsidiary GMAC-CIS began providing wholesale services to GM dealers in Russia. Also in February 2008, GMAC announced plans to restructure its North American auto finance business which include merging a number of separate business offices into five regional centers located in Atlanta, Chicago, Dallas, Pittsburgh and Toronto.
BRANDS/DIVISIONS/AFFILIATES: GMAC Mortgage Cerberus Capital Management LP Residential Capital LLC (ResCap) GMAC Bank Prudential Capital Group GMAC-CIS GMAC Insurance Holdings
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Alvaro G. de Molina, CEO William F. (Bill) Muir, Pres. Robert S. Hull, CFO/Exec. VP Sanjay Gupta, Chief Mktg. Officer Anthony S. (Tony) Marino, Chief Human Resources Officer Cliff Skelton, CIO/Chief Integration Officer William B. Solomon, Jr., General Counsel/Corp. Sec./VP Toni Simonetti, Chief Comm. Officer/VP-Global Comm. Samuel Ramsey, Chief Risk Officer/Exec. VP Sanjiv Khattri, Exec. VP James G. (Jim) Jones, CEO-Residential Capital, LLC Paul Bossidy, Pres., Residential Finance Group J. Ezra Merkin, Chmn.
Phone: 313-556-5000 Fax: 313-556-5108 Toll-Free: 800-200-4622 Address: 200 Renaissance Ctr., Detroit, MI 48265-2000 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $21,187,000 2007 Profits: $-2,332,000 U.S. Stock Ticker: GMA 2006 Sales: $23,103,000 2006 Profits: $2,125,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $21,312,000 2005 Profits: $2,282,000 Employees: 26,700 2004 Sales: $20,325,000 2004 Profits: $2,894,000 Fiscal Year Ends: 12/31 2003 Sales: $18,182,000 2003 Profits: $2,793,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
Plunkett Research, Ltd.
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GOLDMAN SACHS GROUP INC
www2.goldmansachs.com
Industry Group Code: 523110 Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Investment Banking Securities & Investment Management Financial Services Asset Management Bank Holding Company
Goldman Sachs Group, Inc. is an investment banking, securities and investment management firm operating in over 25 countries. The firm derived 49% of revenue internationally. The firm has three main business divisions: investment banking; trading and principal investments; and asset management and securities services. The investment banking division, which accounted for 16% of net revenues in 2007, handles financial advisory and underwriting. Trading and principal investments segment, which accounted for 68%, is divided into three segments: fixed income, currency and commodities; equities; and principal investments. The asset management and securities services division, responsible for 16%, offers asset management, which includes advisory services and investments products across all major asset classes such as money markets, fixed income, equities and alternative investments; and securities services, which include prime brokerage, financing services and securities lending. The Goldman Sachs PrimeAccess program in Europe and the U.S. delivers investment research, products and execution services to brokerage firms. Goldman Sachs’ Institutional Portal gives clients access to a range of market insights and intelligence including research reports, company information, business opportunities and trading data. Clients include corporations, financial institutions, governments and high-net-worth individuals. In recent news, the firm has opened offices in Mumbai, Moscow, Sao Paulo, Dubai, Qatar and Tel Aviv; become a broker-dealer in Russia, India and China; opened banks in Brazil and Ireland; and entered into the asset management business in South Korea. In September 2008, the firm elected to become a bank holding company. It will transition to a business model that it more regulated, uses less leverage and may attract more retail deposits. Goldman Sachs Group's Wellness Exchange program provides employees with health, work and family, fitness, nutrition, learning and recreation programs. Services include counseling, educational opportunities and on-site health clinics. The Goldman Sachs University offers orientation programs and courses for employees. Recently married and registered domestic partners are offered an extra week of vacation.
BRANDS/DIVISIONS/AFFILIATES: PrimeAccess Institutional Portal USI Holdings Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Lloyd C. Blankfein, CEO Gary Cohn, Co-COO/Co-Pres. John Winkelried, Co-Pres./Co-COO David A. Viniar, CFO/Exec. VP Gregory K. Palm, Co-General Counsel/Exec. VP/Sec. Esta E. Stecher, Co-General Counsel/Exec. VP/Sec. Alan M. Cohen, Exec. VP/Global Head-Compliance Lloyd C. Blankfein, Chmn.
Phone: 212-902-1000 Fax: 212-902-3000 Toll-Free: Address: 85 Broad St., New York, NY 10004 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $87,968,000 2007 Profits: $11,599,000 U.S. Stock Ticker: GS 2006 Sales: $69,353,000 2006 Profits: $9,537,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $43,391,000 2005 Profits: $5,626,000 Employees: 30,522 2004 Sales: $29,839,000 2004 Profits: $4,553,000 Fiscal Year Ends: 11/30 2003 Sales: $23,623,000 2003 Profits: $3,005,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $600,000 Second Exec. Salary: $600,000
Bonus: $26,985,474 Bonus: $26,585,474
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
Plunkett Research, Ltd.
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GREEN TREE SERVICING LLC
www.gtservicing.com
Industry Group Code: 522291 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Home Loans-Manufactured Housing Home Equity Loans Manufactured Homeowner's Insurance
Green Tree Servicing, LLC, a joint venture of Cerberus Capital Management, JC Flowers & Co. and General Electric, is one of the largest servicers of conventional manufactured housing contracts in the U.S. The company utilizes 34 regional managers nationwide to originate manufactured home loans, as well as a host of business managers across the U.S. Green Tree also covers home equity, home improvement and consumer installment loans. The firm prides itself on offering an extended customer service through providing manufactured homeowner’s insurance and warranty products through Green Tree Insurance Agency, Inc. These policies cover direct, sudden and accidental loss or damage to the manufactured home, as well as liability coverage to provide protection in the case that an action or lawsuit is brought against the insured. The company services over 700,000 manufactured home customers nationwide.
BRANDS/DIVISIONS/AFFILIATES: Cerberus Capital Management LP J C Flowers & Co LLC General Electric Co (GE) GreenTree Insurance Agency, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Keith Anderson, COO Cheryl Collins, CFO
Phone: 651-293-3400 Fax: 651-293-3622 Toll-Free: Address: 345 St. Peter St., St. Paul, MN 55102 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Joint Venture 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
Plunkett Research, Ltd.
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GUANGDONG DEVELOPMENT BANK CO LTD Industry Group Code: 522110 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
www.gdb.com.cn
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking
Guangdong Development Bank Co. Ltd. (GDB) is a leading bank in the Chinese province of Guangzhou, which boarders the island of Hong Kong. The bank has over 12 million consumer customers, 16,000 business customers and nearly $48 million in assets as well as over 500 branches, mostly in Guangdong. Besides banking, the firm offers credit cards, personal loans, foreign exchange and insurance. Citigroup, Inc. recently acquired 20% of the bank for approximately $3.06 billion, making Citigroup one of very few foreign companies with operating control of a Chinese bank. Citigroup purchased its share in GDB partly because it already had large investments in Hong Kong that should complement and be complemented by the Guangdong acquisition. The other foreign investor in the bank is IBM (International Business Machines), which owns 4.74%. China has capped the total foreign ownership in any domestic bank at 25% and single investor ownership is capped at 20%. Of its domestic investors, State Grid Corp. of China and China Life Insurance Company each own 20%; Puhua Investment owns 8%; and Citic Trust & Investment owns 12.85%.
BRANDS/DIVISIONS/AFFILIATES: Citigroup Inc International Business Machines (IBM) State Grid Corp. of China China Life Insurance Company Puhua Investment Citic Trust & Investment
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael Zink, Pres. Li Ruohong, Chmn.
Phone: 86-20-8731-0888 Fax: 86-20-8731-0626 Toll-Free: Address: Guangdong Dev. Bank Bldg., No. 83 Nonglinxia Rd., Guangzhou, 510080 China
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company: CITIGROUP INC
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
Plunkett Research, Ltd.
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HANCOCK HOLDING COMPANY
www.hancockbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 125 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 111
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Insurance Investment Services Trust Services Credit Cards
Hancock Holding Company (HHC) is the holding company for three wholly-owned bank subsidiaries: Hancock Bank (Mississippi), Hancock Bank of Louisiana, Hancock Bank of Alabama and Hancock Bank of Florida. These subsidiaries combined operate 162 full-service offices and over 132 ATMs throughout south Mississippi, Louisiana, Alabama and Florida. Other company subsidiaries include Hancock Investment Services, Inc.; Hancock Insurance Agency, Inc.; Harrison Finance Company; Magna Insurance Company; and three real estate corporations owning land and buildings that house bank branches and other facilities. HHC’s branch locations offer commercial, consumer and mortgage loans and deposit services to individuals and small to middle market businesses in their respective market areas. Its loan products also include consumer, nonresidential real estate, business, industry and home equity loans. Other services include wealth management, private banking, retirement plan services, cash management, brokerage and insurance products. In April 2007, Hancock Bank of Alabama opened a new branch location in Mobile, Alabama. In February 2008, Hancock Bank of Alabama opened a branch in Daphne, Alabama. In April 2008, Hancock Bank opened a corporate trust office in Orlando, Florida. Hancock Holding Company offers employees educational opportunities through Hancock University to associates interested in leadership development, front line skills, managerial and supervisory skills, regulatory and compliance and personal and professional development. The company also offers employees medical, dental and vision insurance; life and disability insurance benefits; an associate assistance program; retirement benefits; and other supplemental policies, such as auto and home insurance.
BRANDS/DIVISIONS/AFFILIATES: Hancock Bank (Mississippi) Hancock Bank of Louisiana Hancock Bank of Florida Hancock Investment Services, Inc. Hancock Insurance Agency Magna Insurance Agency Hancock Mortgage Corporation Hancock Bank of Alabama
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Carl Chaney, Co-CEO D. Shane Loper, COO/Sr. VP Leo W. Seal, Jr., Pres. Michael M. Achary, CFO/Sr. VP D. Shane Loper, Sr. VP/Dir.-Human Resources Joy L. Phillips, General Counsel/Sr. VP R. Paul Maxwell, VP/Mgr.-Corp. Comm. Gerry Dugal, Corp. Treas. John M. Hairston, Co-CEO Alfred G. Rath, Chief Credit Officer/Exec. VP Richard T. Hill, Exec. VP-Retail Banking Edward G. Francis, Sr. VP-Commercial Banking George A. Schloegel, Chmn.
Phone: 228-868-4000 Fax: Toll-Free: 800-522-6542 Address: 1 Hancock Plz., P.O. Box 4019, Gulfport, MS 39501 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $463,994 2007 Profits: $73,892 U.S. Stock Ticker: HBHC 2006 Sales: $453,332 2006 Profits: $101,802 Int’l Ticker: Int’l Exchange: 2005 Sales: $361,953 2005 Profits: $54,032 Employees: 1,877 2004 Sales: $317,055 2004 Profits: $61,704 Fiscal Year Ends: 12/31 2003 Sales: $292,905 2003 Profits: $54,955 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $349,731 Second Exec. Salary: $313,933
Bonus: $149,615 Bonus: $87,872
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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HANG SENG BANK LIMITED
www.hangseng.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 63 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 40
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Insurance Investment & Securities Asset Management Mortgages Credit Cards
Hang Seng Bank Limited, besides banking, offers wealth management and treasury services for personal, business and investment clients. The name Hang Seng means EverGrowing in Chinese. Founded in 1933, the firm has $96.38 billion in assets and, although it is ultimately a subsidiary of HSBC Holdings plc, its direct parent is The Hongkong and Shanghai Banking Corp. Ltd. The bank has approximately 210 offices and ATMs throughout Hong Kong; a foreign currency wholesale branch in Shenzhen; representative offices in Taipei and Xiamen; and branches in Singapore and Macau. Approximately 79.9% of its 2007 income was generated in Hong Kong, 12% in mainland China and 8.1% in the Americas. Its personal services include Visa credit cards, home mortgages, personal loans and insurance. The firm’s business services include payment processing over the Internet or telephone; business loans; import and export documentation and financing assistance; corporate Visa credit cards; and some investment services. The firm’s securities and investment offerings include its online Securities Express news, quotes and company information service, as well as various funds, bonds and other investment options. Subsidiary Hang Seng Bank (China) Ltd., which began operations in May 2007, now has 10 branches and 14 sub-branches located in 10 cities on the Chinese mainland: Beijing, Guangzhou, Shanghai, Nanjing, Shenzhen, Fuzhou, Ningbo, Tianjin, Dongguan and Hangzhou. In August 2007, the firm partnered with PCCW Ltd. to begin offering personal securities trading via television. It now offers trading to its e-Banking customers through two NOW TV channels: NOW Business News Channel and NOW shop. Customers may use a remote control to monitor, cancel or place trading orders on a designated page offering a simplified version of Hang Seng’s personal e-Banking service. In January 2008, the bank agreed to acquire 20% of Yantai City Commercial Bank for $117 million.
BRANDS/DIVISIONS/AFFILIATES: HSBC Holdings plc Hongkong & Shanghai Banking Corp. Ltd. (The) Hang Seng Bank (China) Ltd. PCCW Ltd. NOW TV
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Or Ching Fai Raymond, CEO/Vice Chmn. Chan Kwok Wai Patrick, CFO/Exec. Dir. Poon Chung Yin Joseph, Managing Dir./Deputy CEO Andrew Fung Hau-chung, Gen. Mgr./Head-Investment & Insurance Raymond Kuo Fung Ch’ien, Chmn.
Phone: 852-2198-1111 Fax: 852-2868-4047 Toll-Free: Address: 83 Des Voeux Rd. Central, Hong Kong, China
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $5,098,000 2007 Profits: $2,371,500 U.S. Stock Ticker: Subsidiary 2006 Sales: $3,636,000 2006 Profits: $1,564,900 Int’l Ticker: Int’l Exchange: 2005 Sales: $2,999,100 2005 Profits: $1,491,810 Employees: 9,190 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company: HSBC HOLDINGS PLC
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y Y
Profit Sharing:
Top Exec. Salary: $766,349 Second Exec. Salary: $436,075
Bonus: $469,744 Bonus: $218,811
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
Plunkett Research, Ltd.
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HARLAND CLARKE
www.harlandclarke.com
Industry Group Code: 323000 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Printed Financial Products Checks & Forms Financial Software Testing Equipment Document Management Technology
Harland Clarke, a subsidiary of M&F Worldwide Corp., is a leading provider of direct marketing services, delivery products, anti-fraud products, contact center services, checks and check-related products to financial institutions, commercial institutions, individual customers and small businesses. Formed in 2007 through the combination of Clarke American Corp. and John H. Harland Company, Harland Clarke has more than 16 manufacturing facilities and 11 customer service centers across the U.S. and in Puerto Rico. The firm’s business subsidiaries and brands include Alcott Routon, B2Direct, Checks In The Mail, Clarke American, Harland and Liberty. Its payment solutions include personal checks and accessories such as checkbook covers, labels, stamps and organizers; business checks and accessories; online check ordering and in-house check printing; card services, such as photo cards, gift cards, translucent cards and custom cards; forms for financial institutions; cash management products; and security and fraud services. Other offerings include contact center services; delivery services; business performance management services, such as consultations and analysis tools; merger and acquisition services; and inbox messaging. The company’s marketing services include on-boarding, opportunity analysis, credit optimization, youth marketing and design solutions; strategy, analytics and production capabilities; and check box, phone, direct mail, email and statements channels. Harland Clarke’s technology solutions include a branch ordering and a web ordering platform; a contact center infrastructure; digital high volume printing; a manufacturing network; analytical services; and on-line educational services. Harland Financial Services, providing core systems for financial institutions, is a sister company of Harland Clarke’s. In May 2008, the firm launched Acquisition Accelerator, which is designed to help financial institutions acquire new accounts.
BRANDS/DIVISIONS/AFFILIATES: M&F Worldwide Corp Clarke American Corp John H Harland Company Alcott Routon B2Direct Checks In The Mail Clarke American Harland Financial Services
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Chuck Dawson, CEO Dan Singleton, COO/Exec. VP Chuck Dawson, Pres. Peter A. Fera, Jr., CFO/Exec. VP Steve Albright, Exec. VP-Mktg. & Mktg. Svcs. David W. Porter, Sr. VP-Human Resources Steven L. Reynolds, CIO/Sr. VP Judy Norris, General Counsel/Sr. VP Brad Wheeless, Sr. VP-Oper. LaRhesa Pollock, Sr. VP-Corp. Comm. & Performance Excellence
Phone: 210-690-6498 Fax: Toll-Free: Address: 10931 Laureate Dr., San Antonio, TX 78249 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $1,050,179 2006 Profits: $68,098 Int’l Ticker: Int’l Exchange: 2005 Sales: $976,630 2005 Profits: $75,478 Employees: 5,360 2004 Sales: $790,318 2004 Profits: $55,115 Fiscal Year Ends: 12/31 2003 Sales: $786,668 2003 Profits: $55,966 Parent Company: M&F WORLDWIDE CORP
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Y Y
Profit Sharing:
Top Exec. Salary: $750,000 Second Exec. Salary: $430,145
Bonus: $1,200,000 Bonus: $393,030
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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HARLEYSVILLE NATIONAL CORP
www.harleysvillebank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 142 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 133
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Reinsurance Mortgages Loans Trust Services Discount Brokerage Wealth Management Investment Services
Harleysville National Corporation (HNC), through its main subsidiary Harleysville National Bank, provides a full range of banking services to individual and corporate customers, operating over 50 branches located in Montgomery, Bucks, Chester, Berks, Caron, Lehigh, Monroe and Northampton counties, Pennsylvania. Other wholly-owned subsidiaries include HNC Financial Company, whose principal function is to expand the company’s investment opportunities, and HNC Reinsurance Company, which functions as a re-insurer of consumer loan credit life and accident and health insurance. HNC’s banks operate as commercial banks offering a wide variety of commercial loans and leases and, to a lesser degree, mortgage and consumer credits. Personal banking services include checking and savings accounts; personal loans; investment products; trust and estate planning; financial planning; and discount brokerage. Business banking services include business lending, cash management, investment solutions and retirement solutions. The firm also provides wealth management services through Millennium Wealth Management. In May 2007, HNC acquired East Penn Financial Corporation, the parent company of East Penn Bank. In October 2008, HNC agreed to buy Willow Financial Bank from Willow Financial Bancorp. The combined bank will be the third-largest based in the Philadelphia area with 84 branches. The company provides its employees with a wellness program and pre-tax medical care reimbursement accounts. Additional benefits include internal training, dental and vision insurance, short term and basic long term disability, tuition reimbursement, and discounted banking services.
BRANDS/DIVISIONS/AFFILIATES: Harleysville National Bank Millennium Wealth Management HNC Reinsurance Company HNC Financial Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Paul D. Geraghty, CEO Michael B. High, COO/Exec. VP Paul D. Geraghty, Pres. George S. Rapp, CFO/Exec. VP Jo Ann M. Bynon, Corp. Sec./Sr. VP George S. Rapp, Treas. Lewis C. Cyr, Exec. VP/Chief Lending Officer James F. McGowan, Exec. VP/Chief Credit Officer Demetra M. (Deb) Takes, CEO/Pres., Harleysville National Bank Walter E. Daller, Jr., Chmn.
Phone: 215-256-8851 Fax: 215-256-1886 Toll-Free: 888-462-2100 Address: 483 Main St., Harleysville, PA 19438 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $237,899 2007 Profits: $26,595 U.S. Stock Ticker: HNBC 2006 Sales: $225,060 2006 Profits: $39,415 Int’l Ticker: Int’l Exchange: 2005 Sales: $181,729 2005 Profits: $38,828 Employees: 820 2004 Sales: $155,887 2004 Profits: $38,567 Fiscal Year Ends: 12/31 2003 Sales: $146,838 2003 Profits: $35,333 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $377,460 Second Exec. Salary: $296,100
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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HBOS PLC
www.hbosplc.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 26 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 16
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Business & Consumer Lending Insurance Brokerage Asset Management Financial Planning Leasing Credit Cards
HBOS plc is the holding company of the HBOS Group, created by the merger of Halifax plc and Bank of Scotland. The company operates through its direct subsidiaries Halifax plc; Governor & Co. of the Bank of Scotland; HBOS Insurance & Investment Group; Ltd.; and Halifax Share Dealing, Ltd. Both Halifax and Bank of Scotland are major U.K. financial companies, together providing full banking services for approximately 22 million personal, business and corporate customers. Two out of every five households in the U.K. are Halifax or Bank of Scotland customers. Services include deposit accounts, consumer and business loans, mortgages and the provisioning of credit cards. Financial planning services for companies and individuals, as well as mortgages tailored toward self-employed and highnet-worth clients and investors, are provided by Bank of Scotland subsidiaries. In addition, the company operates many international subsidiaries with operations in many countries including Ireland, Spain, Australia, The Netherlands, Austria, Belgium, Germany, Hong Kong, Italy and the Middle East. HBOS’ subsidiaries provide a broad spectrum of services such as specialist lending, insurance brokerage, pension management, leasing, fleet management, truck and trailer rental and asset management. In September 2008, after facing large potential losses on its mortgage portfolio, the firm agreed to be acquired by Lloyds TSB Group. The government of the U.K. will make a substantial investment in the merged bank that may result in the government owning up to 43.5% of the firm. The acquisition is planned to close by early 2009. HBOS provides its employees with a benefits package that includes a share kicker program, which allows workers to buy company shares out of performance bonuses; an employee stock purchase plan; a program that awards free company shares on a discretionary basis; discounted financial products; a pension plan; and the Flex program whereby employees receive discounts on a range of products such as shopping vouchers, mobile phones, bikes and health/well being programs.
BRANDS/DIVISIONS/AFFILIATES: HBOS Group Halifax plc Governor & Co. of the Bank of Scotland HBOS Insurance & Investment Group, Ltd. Lloyds TSB Group. Banco Halifax Hispania Lex Vehicle Leasing Bank of Scotland (Ireland)
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Andy Hornby, CEO Philip Gore-Randall, COO/Dir. John O'Donovan, Group CFO Dan Watkins, Chief Exec.-Retail Products/Dir. Harry F. Baines, Group Counsel/Sec. Colin Matthew, Chief Exec.-Strategy Phil Hodkinson, Dir.-Finance Peter Cummings, Chief Exec.- Corp. Div./Dir. Jo Dawson, Chief Exec.-Insurance & Investment Div. Dennis Stevenson, Chmn. Colin Matthew, CEO-Int'l Oper.
Phone: 44-87-600-5000 Fax: 44-0207 283 4819 Toll-Free: Address: The Mound, Edinburgh, EH1 1YZ UK
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $34,209,000 2007 Profits: $7,078,800 U.S. Stock Ticker: 2006 Sales: $37,243,500 2006 Profits: $6,788,300 Int’l Ticker: HBOS Int’l Exchange: London-LSE 2005 Sales: $40,630,700 2005 Profits: $5,611,900 Employees: 74,087 2004 Sales: $51,816,700 2004 Profits: $5,888,400 Fiscal Year Ends: 12/31 2003 Sales: $40,111,200 2003 Profits: $4,359,400 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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HORIZON FINANCIAL CORP
www.horizon-bank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 147 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 136
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages & Loans Real Estate Development
Horizon Financial Corp. is the bank holding company for Horizon Bank (among others), which operates 19 full-service office facilities, four commercial loan centers and four real estate loan centers located in Whatcom, Skagit, Snohomish and Pierce Counties in northwest Washington. The firm has total assets of $1.4 billion, total deposits of $1 billion and total equity of $128.3 million. The banks loan portfolio represented approximately 86% of its total assets. The company’s business activities generally are limited to passive investment activities and oversight of its investment in the bank. The bank’s lending portfolio is made up mainly of construction and land development loans; commercial loans; and commercial real estate loans. The bank derives funds for use in its lending operations from loan repayments, loan sales and borrowings and operations. In addition to its lending portfolio, the bank also offers some traditional banking services such as deposit accounts and brokered deposits. Such services include passbook and statement savings, personal and business checking, money market, IRA’s, Visa Gift Cards, FDIC insurance and CDs. The bank seeks to implement new strategies focusing on commercial banking opportunities; continued efforts towards the origination of residential mortgage loans, including one-tofour family residential construction and land development loans; providing personalized financial services to individuals and business customers and communities served by its branch network; selling many of its fixed rate mortgages to the secondary market; asset quality; containing operating expenses; and maintaining capital. Additionally, the bank engages in some limited bank-owned life insurance activities. The bank’s wholly-owned subsidiary, Westward Financial Services, Inc., is a land development company primarily focused on residential land development.
BRANDS/DIVISIONS/AFFILIATES: Horizon Bank Westward Financial Services, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Richard P. Jacobson, CEO Dennis C. Joines, COO Dennis C. Joines, Pres. Richard P. Jacobson, Corp. Sec. Richard Jacobson, Investor Rel. Richard P. Jacobson, VP-Finance Kelli J. Holz, VP/Controller V. Lawrence Evans, Chmn.
Phone: 360-733-3050 Fax: Toll-Free: 800-955-9194 Address: 1500 Cornwall Ave., Bellingham, WA 98225 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $98,448 2007 Profits: $19,028 U.S. Stock Ticker: HRZB 2006 Sales: $76,287 2006 Profits: $15,655 Int’l Ticker: Int’l Exchange: 2005 Sales: $58,699 2005 Profits: $13,063 Employees: 253 2004 Sales: $56,861 2004 Profits: $12,866 Fiscal Year Ends: 3/31 2003 Sales: $57,600 2003 Profits: $12,100 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $233,768 Second Exec. Salary: $190,751
Bonus: $31,629 Bonus: $25,809
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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HSBC BANK CANADA
www.hsbc.ca
Industry Group Code: 522110 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Loans Mortgages Trusts Insurance
HSBC Bank Canada, a subsidiary of HSBC North America Holdings, Inc., oversees HSBC banking operations in Canada. The firm operates the following subsidiaries. HSBC Bank has over 180 domestic offices and 138 branches; is a leading Canadian bank; and offers personal and business banking services. For individuals, the bank offers personal loans available for 1 to 5 year terms; financing for education; the HSBC MasterCard and the HSBC Gold MasterCard; savings and checking accounts; and safety deposit boxes. HSBC Investment (Canada) Limited is a portfolio manager and investment counselor. HSBC Insurance Agency (Canada), Inc. provides life insurance. HSBC Capital (Canada), Inc. is a merchant and investment banking provider to Canadian businesses. HSBC Investment Funds (Canada), Inc. is a mutual fund dealer. HSBC Securities (Canada), Inc., a brokerage firm, offers a variety of services including an online brokerage known as HSBC InvestDirect. Finally, HSBC Trust Company (Canada) is a federally regulated trust company. These subsidiary operations generally offer products to all regions of Canada, with the frequent exception of Prince Edward Island. In 2007, HSBC Bank Canada announced the launch of an online, fee-free direct savings account that offers a high rate of interest and unlimited free access. In August 2008, the firm announced it would acquire HSBC Financial Corporation Limited from HSBC Finance Corporation in the U.S. HSBC Canada offers its employees multiple retirement plans including a range of pension investment options; a variety of RRSP savings choices; and a share program where employees save over time towards the purchase HSBC shares at a reduced price. It also offers employee assistance for counseling, adoption and scholarships; and staff discounts on banking and other financial services.
BRANDS/DIVISIONS/AFFILIATES: HSBC InvestDirect HSBC MasterCard HSBC Capital (Canada), Inc. HSBC Securities (Canada), Inc. HSBC Trust Company (Canada), Inc. HSBC Investment (Canada) Limited HSBC Investment Funds (Canada), Inc. HSBC Insurance Agency (Canada), Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. J. Lindsay Gordon, CEO J. Lindsay Gordon, Pres. Graham McIsaac, CFO Matthew Bosrock, Deputy CEO Tracy Redies, Exec. VP-Personal Financial Svcs. Brad Meredith, Exec. VP-Corp., Investment Banking & Markets Jon Hountalas, Exec. VP-Commercial Banking Michael F. Geoghegan, Chmn.
Phone: 604-685-1000 Fax: 604-641-2506 Toll-Free: Address: 885 W. Georgia St., Vancouver, BC V6C 3E9 Canada
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $2,445,278 2006 Profits: $491,061 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,827,890 2005 Profits: $448,152 Employees: 6,400 2004 Sales: $1,475,089 2004 Profits: $336,591 Fiscal Year Ends: 12/31 2003 Sales: $1,460,787 2003 Profits: $286,055 Parent Company: HSBC HOLDINGS PLC
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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HSBC HOLDINGS PLC
www.hsbc.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 11 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Investment Banking & Management Asset Management Commodity & Brokerage Services Securities Insurance, Mortgages, Financing & Credit Consumer Finance Retirement Products
HSBC Holdings, plc provides consumer and business banking and insurance services, with over 9,500 offices in 85 countries worldwide. HSBC has four operating divisions: personal financial services; commercial banking; corporate, investment banking and markets; and private banking. Personal financial services manages banking, related financial services and the insurance products. Services include checking and savings accounts; mortgages and personal loans; credit cards; and payment services. In the commercial banking segment, over 2.5 million commercial customers, ranging from sole proprietors to public companies, receive HSBC’s payments and cash management, investment banking, insurance, trade, leasing and wealth management services. Insurance services additionally include employee benefits programs and pension schemes. The corporate, investment banking and markets division handles financial services such as global investment banking, global transaction banking and asset management services on a long-term basis for major government, corporate and institutional clients worldwide. HSBC’s private banking division provides investment and advisory services as well as general banking offerings to high net worth private individuals. Operational management is divided geographically under four regional head offices, with business activities concentrated in locations with the highest growth rates. In September 2007, the company opened HSBC Life, Ltd., in Taiwan; acquired a majority interest in Korea Exchange Bank; the acquired 10% of Vietnam Insurance Corporation (Bao Viet); and purchased Hang Seng Life, Ltd. In 2008, HSBC opened Chongqing Dazu HSBC Rural Bank Company Limited, the first foreign owned rural bank in China; increased its stake in Vietnam’s Techcombank to 20%; and opened operations in Georgia and Algeria. In May 2008, the firm agreed to acquire about 73% of IL&FS Investsmart Limited, an Indian retail brokerage house. In August 2008, HSBC Asia Pacific Holdings (UK) Limited agreed to acquire 51% of Korea Exchange Bank. In September 2008, the company received permission to incorporate a wholly-foreign-owned bank in Vietnam.
BRANDS/DIVISIONS/AFFILIATES: HSBC Life, Ltd. Korea Exchange Bank Vietnam Insurance Corporation Hang Seng Life, Ltd. Hang Seng Insurance Company, Ltd. Chongqing Dazu HSBC Rural Bank Company Limited IL&FS Investsmart Limited HSBC Asia Pacific Holdings (UK) Limited
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael F. Geoghegan, CEO David Hodgkinson, COO Douglas J. Flint, Group Dir.-Finance Alex Hungate, Head-Personal Financial Svcs. & Mktg. R. G. Barber, Corp. Sec. Nick Robins, Head-Climate Change Centre of Excellence Brendan McDonagh, CEO-HSBC Finance Corporation Stuart Lawson, CEO-Russian Bus. Youssef A. Nasr, Group Mgr. Dir.-Strategic Investments Stephen K. Green, Chmn.
Phone: 44-20-7991-8888 Fax: 44-20-7992-4880 Toll-Free: Address: 8 Canada Sq., 36th Fl., London, E14 5HQ UK
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $73,450,000 2007 Profits: $19,133,000 U.S. Stock Ticker: HBC 2006 Sales: $63,231,000 2006 Profits: $15,789,000 Int’l Ticker: HSBA Int’l Exchange: London-LSE 2005 Sales: $93,494,000 2005 Profits: $15,495,000 Employees: 315,520 2004 Sales: $70,860,000 2004 Profits: $11,840,000 Fiscal Year Ends: 12/31 2003 Sales: $57,608,000 2003 Profits: $7,231,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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HSBC NORTH AMERICA HOLDINGS INC Industry Group Code: 522110 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
www.hsbcusa.com
Profits: 101
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Loans Mortgages Investment Banking Commercial Banking Private Banking Credit Cards
HSBC North America Holdings, Inc. (HSBCNA), a subsidiary of HSBC Holdings, Inc., is a holding company for the all of HSBC’s U.S. and Canadian businesses, with assets over $557 billion. The company’s businesses serve more than 68 million customers in five primary areas: personal financial services, consumer finance, commercial banking, private banking and corporate investment banking and markets. HSBCNA’s largest operating subsidiary is HSBC Bank USA, which offers commercial banking products and services to individuals, corporations, institutions and governments. The bank has approximately 460 branches in New York, California, Florida Delaware, Pennsylvania, Washington, Oregon and Washington, D.C. The bank also serves as an international dealer in derivative instruments by writing contracts for options and futures with prices that are derived from the underlying financial assists, and it has mortgage banking and brokerage operations. The bank is split into the following three segments: Personal Financial Services; Private Banking; Commercial Banking; and Corporate, Investment Bank and Markets. Some of the bank’s affiliate subsidiaries include HSBC Asset Management (Americas), Inc.; HSBC Republic International Bank (Miami); HSBC Business Credit (USA), Inc.; HSBC Mortgage Corporation (USA); HSBC Insurance Agency (USA), Inc.; and HSBC Securities (USA), Inc. In addition to HSBC Bank USA, HSBCNA operates HSBC Bank Canada, which has more than 170 offices, and HSBC Finance Corporation, which provides middle market consumers with real estate secured loans, auto finance loans, credit cards, personal non-credit card loans, taxpayer financial services and specialty insurance products through its subsidiaries. In September 2007, HSBC Finance closed its Decision One Mortgage subsidiary, which originated non-prime mortgages through brokers. HSBCNA opened a new downtown Chicago, Illinois-based banking office in May 2007 and a NonResident Indian office in Fremont, California in September 2007. In April 2008, the firm opened new headquarters outside Chicago following Leadership in Energy and Environmental Design (LEED) standards.
BRANDS/DIVISIONS/AFFILIATES: HSBC Holdings plc HSBC Bank USA HSBC Bank Canada HSBC Finance Corporation HSBC Asset Management (Americas), Inc. HSBC Mortgage Corporation (USA) HSBC Insurance Agency (USA), Inc. Decision One Mortgage
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Brendan McDonagh, CEO Niall S. K. Booker, COO Iain J. Mackay, CFO/Exec. VP Jon N. Couture, Sr. Exec. VP-Human Resources Andrew C. Armishaw, CIO/Sr. Exec. VP Steven Gonabe, Exec. VP-Admin. Janet L. Burak, General Counsel/Sr. Exec. VP Loren C. Klug, Exec. VP-Strategy & Analysis Corp. Lisa M. Sodeika, Exec. VP-Corp. Affairs John T. McGinnis, Controller/Exec. VP Mark A. Melas, Exec. VP-Corp. Real Estate Jon R. Bottorff, Sr. Exec. VP-Portfolio Mgmt. Robert Martin, Sr. Exec. VP/Chief Auditor Martyn T. Brush, Exec. VP/Chief Market Risk Officer Carl E. Reichardt, Chmn.
Phone: 224-544-2000 Fax: 224-552-4400 Toll-Free: 800-975-4722 Address: 26525 N. Riverwoods Blvd., Mettawa, IL 60045 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $91,000 U.S. Stock Ticker: Subsidiary 2006 Sales: $21,886,000 2006 Profits: $4,668,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $19,773,000 2005 Profits: $5,915,000 Employees: 2004 Sales: $18,463,000 2004 Profits: $5,268,000 Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company: HSBC HOLDINGS PLC
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 6 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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HSBC USA
www.us.hsbc.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Securities Brokerage Commercial Finance & Factoring Mutual Funds Global Wholesale Trading Investment Banking Consumer Loans
HSBC USA, a subsidiary of HSBC North America Holdings, Inc., in turn a subsidiary of HSBC Holdings plc (Hong Kong Shanghai Bank Company), provides diversified financial services primarily through subsidiary HSBC Bank USA, NA. The company offers a full range of traditional commercial banking products and services to individuals, corporations, institutions and governments. Bank services are divided into four segments: personal financial services (PFS); private banking; commercial banking; and corporate, investment bank and markets. PFS offers services to individuals such as term loans, deposits, mutual funds, branch services, investments and insurance. Included in this segment is the company’s residential mortgage lending services. Private banking offers these same services in addition to investment management; trust and estate administration; and retirement services to high net worth individuals. Commercial banking services are offered to small and middle-market corporations and include deposits; loan products; and real estate financing. This segment also offers various credit and trade related products, including standby facilities; performance guarantees; and acceptance. The corporate, investment bank and markets segment offers major government, institutional and corporate clients customized financial products. This segment includes corporate and institutional banking; investment banking; markets; and transaction banking. HSBC Bank USA has over 460 branches in New York, Florida, California, Oregon, Washington, Pennsylvania, Washington, D.C. and Delaware and 4 million customers. Financial products and services are also offered through various affiliates such as HSBC Asset Management (Americas), Inc.; HSBC Business Credit (USA), Inc.; Republic International Bank (Miami); HSBC Mortgage Corporation (USA); HSBC Insurance Agency (USA), Inc.; and HSBC Securities (USA), Inc. The firm offers employee benefits that include medical, dental and vision insurance; spending accounts; adoption assistance; childcare centers; health screening programs; and volunteer incentive plans.
BRANDS/DIVISIONS/AFFILIATES: HSBC Bank USA, NA HSBC Asset Management (Americas), Inc. HSBC Business Credit (USA), Inc. HSBC Mortgage Corporation (USA) HSBC Insurance Agency (USA), Inc. HSBC Securities (USA), Inc. Republic International Bank (Miami) HSBC Holdings PLC
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Paul J. Lawrence, CEO David Dew, COO/Sr. Exec. VP Paul Lawrence, Pres./Head-CIBM, North America Gerard Mattia, CFO/Sr. Exec. VP Jeanne G. Ebersole, Exec. VP-Human Resources Janet L. Burak, General Counsel/Sec./Sr. Exec. VP George T. Wendler, Chief Risk Officer/Sr. Exec. VP Kevin Newman, Group Gen. Manager-Personal Financial Svcs. Mark A. Hershey, Chief Credit Officer/Sr. Exec. VP Christopher Davies, Sr. Exec. VP-Commercial Banking
Phone: 212-525-5000 Fax: Toll-Free: 800-975-4722 Address: 452 5th Ave., New York, NY 10018-2706 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $3,081,000 2006 Profits: $1,036,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $3,063,000 2005 Profits: $976,000 Employees: 12,000 2004 Sales: $2,741,000 2004 Profits: $1,258,000 Fiscal Year Ends: 12/31 2003 Sales: $2,510,000 2003 Profits: $940,700 Parent Company: HSBC NORTH AMERICA
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y Y
Profit Sharing:
Top Exec. Salary: $700,000 Second Exec. Salary: $676,553
Bonus: $1,600,000 Bonus: $720,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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HUDSON CITY BANCORP
www.hcbk.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 77 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 68
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Consumer Lending Mortgages
Hudson City Bancorp, Inc. serves as the holding company of its only subsidiary, Hudson City Savings Bank (HCS). HCS is a federally chartered stock savings bank, operating 119 branch locations throughout the New York Metropolitan area and New Jersey, as well as, nine branches in Connecticut. Of the 119 branches, 91 are located in 16 counties throughout New Jersey. As a retail savings bank, HCS offers traditional deposit products such as savings and club accounts, CDs, retirement accounts and personal checking accounts. However, the bank’s main objective is lending. HCS loan portfolio consists of four family residential first mortgage loans. To a lesser degree, HCS offers multi-family and commercial mortgage loans; construction loans; and consumer loans, which primarily consist of fixed-rate second mortgage loans and home equity credit lines. The company’s primary lending emphasis is the origination and purchase of first mortgage loans secured by family properties that serve as the primary or secondary residence of the owner. Approximately 67% of the firm’s mortgage loan portfolio was secured by real estate located in the states of New Jersey, New York and Connecticut. Multi-family mortgage loans generally are secured by multi-family rental properties and are normally offered with both fixed and adjustable interest rates. Most commonly, these loans are originated for terms of up to 30 years. The bank also originates construction loans to local builders and to individuals who have a contract with a builder for the construction of their residence. The company’s construction loans are disbursed as certain portions of the project are completed. The Bank’s consumer and other loans typically offer fixed-rate second mortgage loans and home equity credit lines. Hudson City Bancorp provides employees with health and dental insurance; life insurance; a prescription plan; a profit incentive bonus; and an employee stock ownership program.
BRANDS/DIVISIONS/AFFILIATES: Hudson City Savings Bank HudCiti Service Corporation Sound Federal Bancorp, Inc. Sound Federal Savings HC Value Broker Services, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Ronald E. Hermance, Jr., CEO Denis J. Salamone, COO/Sr. Exec. VP Ronald E. Hermance, Jr., Pres. James C. Kranz, CFO/Exec. VP John M. Tassillo, Exec. VP Thomas E. Laird, Sr. VP Ronald J. Butkovich, Sr. VP Ronald E. Hermance, Jr., Chmn.
Phone: 201-967-1900 Fax: Toll-Free: Address: W. 80 Century Rd., Paramus, NJ 07652 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $2,134,778 2007 Profits: $295,858 U.S. Stock Ticker: HCBK 2006 Sales: $1,621,134 2006 Profits: $288,579 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,186,915 2005 Profits: $276,055 Employees: 1,214 2004 Sales: $931,615 2004 Profits: $239,266 Fiscal Year Ends: 12/31 2003 Sales: $806,992 2003 Profits: $207,410 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Y Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing: Y
Top Exec. Salary: $1,240,385 Second Exec. Salary: $751,923
Bonus: $2,040,000 Bonus: $850,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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HUNTINGTON BANCSHARES INC
www.huntington.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 72 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 108
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Investment Management Automobile Financing International Banking Insurance Brokerage Services Equipment Leasing
Huntington Bancshares, Inc. is a multi-state diversified financial holding company. The firm operates in four lines of business: regional banking, dealer sales, private financial and capital markets group (PFCMG), and treasury and other. The regional banking group provides retail banking, small business banking, commercial banking and mortgage banking. The dealer sales division provides consumer auto loans and leases, dealership inventory financing, dealership real estate and working capital. The PFCMG division provides asset management, private banking, brokerage and capital markets. The treasury and other division provides investment securities, bank owned life insurance, insurance and other expenses not directly allocated to other business segments. Huntington Insurance offers retail and commercial insurance agency services in Indiana, Michigan, Ohio, Pennsylvania and West Virginia. Huntington offers retail and commercial services through its online site, huntington.com, and its 24 hour telephone bank. The bank has about 600 regional offices including 347 offices in Ohio, 113 offices in Michigan, 61 in Pennsylvania, 53 in Indiana, 28 in West Virginia and 13 in Kentucky. There are 4 private banking offices in Florida. The firm also conducts certain activities in other states including Arizona, Georgia, Maryland, Nevada, New Jersey, North Carolina, Pennsylvania, South Carolina, Tennessee and Vermont. The Columbus headquarters offers international banking services with a limited purpose office located in the Cayman Islands and another located in Hong Kong. Huntington Bancshares’ ATM network is comprised of almost 1,400 ATMs. In 2007, the firm acquired Sky Financial Group, Inc. The firm introduced its mobile banking product for cell phone or other mobile devices in 2008. The company offers its employees health insurance; life and AD&D insurance; short- and long-term disability insurance; flexible spending accounts; a savings plan; a retirement plan; and tuition reimbursement.
BRANDS/DIVISIONS/AFFILIATES: Huntington National Bank (The) Sky Bank Sky Insurance Sky Financial Group Inc Archer-Meek-Weiler Agency Inc
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Thomas E. Hoaglin, CEO Marty E. Adams, COO Marty E. Adams, Pres. Donald R. Kimble, CFO/Exec. VP Melinda Ackerman, Exec. VP-Human Resources Wilton Dolloff, Exec. VP-Tech. Richard A. Cheap, General Counsel/Exec. VP/Sec. Wilton Dolloff, Exec. VP-Oper. Daniel B. Benhase, Sr. Exec. VP-Private Financial Group Pete Dunlap, Pres., Huntington Insurance Nicholas G. Stanutz, Sr. Exec. VP-Consumer Credit Admin. Mary W. Navarro, Sr. VP/Pres., Regional Banking Group Thomas E. Hoaglin, Chmn.
Phone: 614-480-8300 Fax: 614-480-8300 Toll-Free: 800-480-2265 Address: 41 S. High St., Columbus, OH 43287 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $3,449,304 2007 Profits: $75,169 U.S. Stock Ticker: HBAN 2006 Sales: $2,704,779 2006 Profits: $461,221 Int’l Ticker: Int’l Exchange: 2005 Sales: $2,282,102 2005 Profits: $412,091 Employees: 11,496 2004 Sales: $2,165,913 2004 Profits: $398,925 Fiscal Year Ends: 12/31 2003 Sales: $2,374,900 2003 Profits: $372,400 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $870,417 Second Exec. Salary: $385,000
Bonus: $353,507 Bonus: $60,388
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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HYPO REAL ESTATE HOLDING AG (HYPO BANK) www.hyporealestate.com Industry Group Code: 530000 Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Commercial Real Estate Financing Mortgages Asset Management
Hypo Real Estate Holding AG (Hypo Bank) is the holding company at the head of the Hypo Real Estate Group of banking companies, which generally handle large-volume transactions. The Hypo Real Estate Group, originally established in 2003 as a spin-off of certain real estate financing businesses of the HVB Group, consists of three companies. Hypo Real Estate Bank International AG conducts commercial real estate financing activities in Europe, Asia and the U.S. It has branch offices in London, Paris, Madrid, Milan, Lisbon, Stockholm and Amsterdam; and subsidiaries in London, New York, Tokyo, Hong Kong, Paris, Mumbai (formerly Bombay) and Singapore. Hypo Real Estate Bank AG conducts commercial real estate financing activities in Germany, with branch offices in Munich, Berlin, Duesseldorf, Frankfurt and Hamburg. DEPFA Bank plc, acquired in October 2007, offers financial services to public sector clients. Its headquarters is in Dublin, and it has an office in New York. DEPFA has two subsidiaries of its own, Hypo Public Finance Bank, also based in Dublin, and DEPFA Deutsche Pfandbriefbank AG. Hypo Public Finance Bank offers asset management services for investors and borrowers, as well as for intermediaries involved in international capital markets; public sector finance; infrastructure and asset based finance. It has branches and subsidiaries in London, New York, Luxembourg and Dortmund. Finally, DEPFA Deutsche Pfandbriefbank AG, headquartered in Eschborn, Germany, offers the same public sector financial services as DEPFA Bank, for German-speaking countries. In September and October 2008, the firm received a massive emergency credit line, totaling 50 billion Euros, from its lenders and from the government of Germany.
BRANDS/DIVISIONS/AFFILIATES: Hypo Real Estate Group HVB Group Hypo Real Estate Bank International AG Hypo Real Estate Bank AG DEPFA Bank plc Hypo Public Finance Bank DEPFA Deutsche Pfandbriefbank AG
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Georg Funke, CEO Cyril Dunne, COO Markus Fell, CFO Christoph Hindel, Dir.-Human Resources Dev. Bettina von Oesterreich, Chief Risk Officer Bo Heide-Ottosen, Dir.-Public Sector & Infrastructure, Finance Klaus Pohle, Deputy Chmn. Thomas Glynn, Dir.-Capital Markets & Asset Mgmt. Robert Grassinger, Dir.-Commercial Real Estate, Funding/Treasury Frank Lamby, Dir.-Commercial Real Estate, Origination Kurt F. Viermetz, Chmn. Paul Leatherdale, CEO-DEPFA Bank plc
Phone: 49-89-2030-07-0 Fax: 49-89-2030-07-772 Toll-Free: Address: Unsoeldstrasse 2, Munich, 80538 Germany
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $376,000 2007 Profits: $722,100 U.S. Stock Ticker: 2006 Sales: $300,200 2006 Profits: $856,400 Int’l Ticker: HRXG.DE Int’l Exchange: FrankfurtEuronext 2005 Sales: $270,200 2005 Profits: $600,400 Employees: 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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HYPO VEREINSBANK AG (HVB GROUP) Industry Group Code: 522110 Ranks within this company's industry group: Sales: 54 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
www.hvbgroup.com
Profits: 13
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Investment Banking Retail Banking Corporate Banking International Banking Asset Management Real Estate Consulting
Hypo Vereinsbank AG (HVB Group), a subsidiary of the UniCredit Group, is a leading bank conglomerate in Germany and one of the largest banking groups doing business in Eastern Europe, with over $602.7 billion in total assets, 631 branches and more than 40 million customers. HVB Bank owns banking, investment and real estate subsidiaries throughout Europe; and has representative offices in Asia, Western Europe, the Americas and the Middle East. The company’s Bank Austria subsidiary, one of the largest banks in Austria with assets of approximately $306.13 billion, has 351 locations in the country and 2,623 offices in Central and Eastern Europe. Subsidiary HVB Bank has more than 631 branches and 4 million customers in Germany. The firm underwent a reorganization of its assets during 2006 according the agreements it had made with UniCredit, including the sale of its three Activest companies to UniCredit Group subsidiary Pioneer Investments. As another part of this reorganization effort, the bank divided its business into four segments: Retail, which generated approximately 8.91% of the firm’s 2007 revenue; wealth management, 21.52%; corporate and commercial real estate financing, 25.69%; and markets and investment banking, 53.07%. Retail offers insurance, consulting and lending services offered to private customers and small businesses. Wealth management, mainly marketing to wealthy families and professionals, specializes in securities and investments, also offering trust services. The corporate segment offers advisory and lending services to larger businesses; and the commercial real estate division was integrated into the corporate segment. Finally, the markets and investment banking segment provides various lending services to the other three business segments. In 2008, the company sold its securities and custodial services business to French bank CACEIS which renamed the entity CACEIS Bank Deutschland GmbH.
BRANDS/DIVISIONS/AFFILIATES: UniCredit Group Bank Austria
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Wolfgang Sprissler, CEO Rolf Friedhofen, CFO Heinz Laber, Chief Human Resources Officer Matthias Sohler, COO-IT Christian Becker-Hussong, Head-Comm. Henning Herbert Gerhard Giesecke, Chief Risk Officer Ronald Seilheimer, Head-Mkts. & Investment Banking Div. Willibald Cernko, Head-Retail Banking Div. Andreas Wolfer, Head-Wealth Mgmt. Div. Alessandro Profumo, Chmn.
Phone: 49-89-378-0 Fax: 49-89-378-27784 Toll-Free: Address: Kardinal-Faulhaber-Strasse 1, Munich, 80333 Germany
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $8,767,900 2007 Profits: $7,817,300 U.S. Stock Ticker: Subsidiary 2006 Sales: $7,515,400 2006 Profits: $6,011,200 Int’l Ticker: Int’l Exchange: 2005 Sales: $5,733,800 2005 Profits: $873,100 Employees: 23,000 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company: UNICREDIT SPA (UNICREDIT GROUP)
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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ICICI BANK
www.icicibank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 52 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 57
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Corporate & Residential Banking Services Investment Banking Insurance Venture Capital Agricultural & Rural Banking Services
ICICI Bank Limited is an India-based provider of banking products and services to corporate and retail customers. ICICI offers products and services in the areas of commercial banking, investment banking and other financial services including insurance. Commercial banking services for retail customers include retail lending and deposits, private banking and other fee-based services and products. Additionally, the company issues unsecured redeemable bonds. Corporate banking services include loan products, deposits and foreign exchange and derivative products. The firm also offers project finance and agricultural and rural banking services. All of ICICI’s investment banking services are provided through its subsidiary, ICICI Securities. These include corporate advisory services, primary dealership in government securities and equity underwriting and brokerage. In addition, the company offers venture capital funds for start-up companies through ICICI Venture Funds Management Company. Insurance products are provided through ICICI Prudential Life Insurance Company and ICICI Lombard General Insurance Company. ICICI Bank offers its services through a variety of channels, including the Internet, call centers and 1,255 branch banks and more than 3,881 ATMs. ICICI Bank has subsidiaries in Canada, Russia and the U.K.; branches in Bahrain, Dubai, Hong Kong, Qatar, Singapore, Sri Lanka and the U.S.; and representative offices in Bangladesh, China, Indonesia, Malaysia, South Africa, Thailand and the United Arab Emirates. The subsidiary in the U.K. has branches in Belgium and Germany. In early 2007, ICICI signed an exclusive cooperation agreement for offering finance with BMW India. In July 2007, the company launched a Visa Signature Credit Card in India. In January 2008, the firm introduced iMobile, its platform of mobile banking services. ICICI offers its employees an on-site fitness center, an onsite doctor, corporate discounts, holiday homes, dependent scholarships and a medical plan.
BRANDS/DIVISIONS/AFFILIATES: ICICI Securities ICICI Venture Funds Management Company ICICI Prudential Life Insurance Company ICICI Lombard General Insurance Company iMobile
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Kundapur V. Kamath, CEO/Co-Managing Dir. Chanda D. Kochhar, CFO/Co-Managing Dir. Krishnaswamy Ramkumar, Chief Human Resources Officer Pravir Vohra, CTO Sandeep Batra, Chief Compliance Officer/Corp. Sec. Madhabi Puri-Buch, Head-Oper. Narayanan Vaghul, Chmn.
Phone: 91-22-2653-8900 Fax: 91-22-2653-1167 Toll-Free: Address: ICICI Bank Towers, Bandra-Kurla Complex, Mumbai, Marashtra 400051 India
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $9,784,544 2007 Profits: $719,229 U.S. Stock Ticker: IBN 2006 Sales: $5,796,300 2006 Profits: $524,100 Int’l Ticker: 532174 Int’l Exchange: Bombay-BSE 2005 Sales: $2,911,000 2005 Profits: $196,000 Employees: 61,697 2004 Sales: $2,944,000 2004 Profits: $120,000 Fiscal Year Ends: 3/31 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y Y
Profit Sharing:
Top Exec. Salary: $467,002 Second Exec. Salary: $269,967
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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IMPAC MORTGAGE HOLDINGS INC
www.impaccompanies.com
Industry Group Code: 525930 Ranks within this company's industry group: Sales: 2 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 5
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Residential Mortgages Real Estate Investment Trust
Impac Mortgage Holdings, Inc. (IMH) is a mortgage real estate investment trust. The company is a nationwide acquirer, originator, seller and investor of non-conforming Alt-A residential mortgages, and to a lesser extent, smallbalance, commercial mortgages and multi-family. The company’s focus is long-term investment operations conducted by IMH and IMH Assets Corp. (IMH Assets). The long-term investment operations primarily invests in, and holds, adjustable rate and, to a lesser extent, fixed rate Alt-A mortgages and commercial mortgages that were acquired and originated by the, newly discontinued, mortgage and commercial operations. Alt-A mortgages are primarily first lien mortgages made to borrowers whose credit is generally within typical Fannie Mae and Freddie Mac guidelines, but have loan characteristics that make them non-conforming under those guidelines. The long-term investment operations also invested in, and holds, commercial mortgages that were primarily adjustable rate mortgages with initial fixed interest rate periods of two, three, five, seven and ten-years that subsequently converted to adjustable rate mortgages, or hybrid ARMs. As of 2007, Impac Mortgage Holdings discontinued the following segments of its business, non-conforming mortgage operations conducted by Impac Funding Corporation (IFC) and Impac Secured Assets Corp. (ISAC); the commercial operations conducted by Impac Commercial Capital Corporation (ICCC); the retail operations conducted by a division of IFC; and the warehouse lending operations conducted by Impac Warehouse Lending Group (IWLG). In July 2008, IMH agreed to purchase assets from the New York branch of USB AG.
BRANDS/DIVISIONS/AFFILIATES: IMH Assets Corp. Impac Funding Corporation Impac Secured Assets Corp.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Joseph R. Tomkinson, CEO Richard J. Johnson, COO/Exec. VP William S. Ashmore, Pres. Ronald M. Morrison, General Counsel/Exec. VP Joseph R. Tomkinson, Chmn.
Phone: 949-475-3600 Fax: Toll-Free: 800-597-4101 Address: 19500 Jamboree Rd., Irvine, CA 92612 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,342,797 2007 Profits: $-2,047,090 U.S. Stock Ticker: IMH 2006 Sales: $1,558,735 2006 Profits: $-75,273 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,472,884 2005 Profits: $270,258 Employees: 827 2004 Sales: $796,392 2004 Profits: $257,637 Fiscal Year Ends: 12/31 2003 Sales: $447,295 2003 Profits: $148,979 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $613,846 Second Exec. Salary: $511,538
Bonus: $163,779 Bonus: $170,290
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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INDUSTRIAL & COMMERCIAL BANK OF CHINA (ICBC) www.icbc.com.cn Industry Group Code: 522110 Ranks within this company's industry group: Sales: 20 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 5
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Cash Management Consumer Credit Loans Agency Services Information Consultancy Foreign Currency Exchange Securities Brokerage
Industrial and Commercial Bank of China (ICBC) is one China’s four largest banks, with over $1.3 trillion in assets under management. The company operates a network of over 16,400 branches in China, as well as over 100 abroad, including locations in Singapore, Japan, South Korea, Germany, Russia, Luxembourg, Kazakhstan, the U.K., the U.S. and Australia. ICBC also maintains relationships with 1,160 correspondent banks, and provides financial service in renminbi and foreign currencies to wholesale, retail, eCommerce and international businesses. The firm has over 8 million corporate clients and more than 150 million individual clients; while 1.88 million are members of the company’s high-end banking program, the Elite Club. ICBC operates three primary business divisions: credit, assets and intermediary. The credit business handles renminbi and foreign currency deposit, traveler’s checks, foreign exchange loans, inter-bank borrowing and issuance of financial bonds. The assets business offers short-, medium- and long-term working capital and fixed asset loans, foreign currency transfers to loan, loans for housing development, consumer loans, trust and special loans, notes discounts, subscriptions on national debt and policy financial bonds, inter-bank lending, project loan appraisal and credit ratings. The intermediary business handles cash and transfer settlements, international settlement, agency services, bank card business, information consultancy, foreign exchange intermediary services, certification of foreign currency deposit, issuance of marketable foreign securities, agency trading, foreign currency exchange, merchant banking, personal financing, and management of investment funds. . Recent acquisitions include a 20% stake in Standard Bank of South Africa and a majority interest in Seng Heng Bank Limited. In September 2007, the firm received approval from the China Banking Regulatory Commission to establish a financial leasing unit. In January 2008, ICBC opened a branch in Doha, Quatar, and in September 2008, branch in Sydney, Australia.
BRANDS/DIVISIONS/AFFILIATES: Elite Club Standard Bank Seng Heng Bank Limited
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Yang Kaisheng, Pres. Zhang Furong, Exec. Dir./VP Niu Ximing, VP Zhang Qu, VP Wang Lili, VP Jiang Jianqing, Chmn.
Phone: 86-10-6641-0055 Fax: 86-10-6641-1089 Toll-Free: Address: 55 Fuxingmennei Dajie, Beijing, 100032 China
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $51,525,500 2007 Profits: $10,717,800 U.S. Stock Ticker: 2006 Sales: $37,279,000 2006 Profits: $6,379,700 Int’l Ticker: 1398 Int’l Exchange: Hong Kong-HKEX 2005 Sales: $29,167,100 2005 Profits: $4,113,500 Employees: 381,713 2004 Sales: $22,000,000 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $20,757,000 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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INDUSTRIAL BANK OF KOREA
english.ibk.co.kr/en/index.jsp
Industry Group Code: 522110 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Corporate Banking Consumer Banking Investment Banking Credit Cards Trust Services
Industrial Bank of Korea (IBK) is a Korean governmentcontrolled bank engaged in the promotion of small- and medium-sized enterprises (SMEs) within Korea. The company operates through 15 regional headquarters and 497 branch offices, nine of which are located overseas. IBK’s corporate banking products include the Network Loan, Medical Network Loan, Family Loan, Package Loan, Winners Loan and Corporate Relationship Manager System (CORM). The company provides tax, accounting and legal services to corporate clients through its Corporate Business Center. IBK offers its CashONE cash management system and e-CBS service to assist SMEs online with financial plan development and execution. IBK offers private banking services to the CEOs of its SME clients, providing personal asset management services including financial investments, real estate investments, business financial strategies and tax and legal consultations. It also offers private banking services online and through the telephone. The firm has roughly 170 WIN CLASS private banking centers, which provide such services as banking, securities, insurance, investment trusts, real estate services and tax and legal consultation services. IBK’s investment banking services include project financing, SOC investing, private equity funds and Build Transfer Lease (BTL). The company’s IBK Industrial Complex Project Financing product works as joint investments with municipalities and construction firms. IBK plans to increase the number of its targeted projects in Korea to over 100 by 2010. The company’s treasury and global markets division controls its funding position, interest rates, liquidity risks and margins. Additional businesses of IBK include its credit card business, its Bancassurance business and its trust business.
BRANDS/DIVISIONS/AFFILIATES: Corporate Business Center CashONE e-CBS WIN CLASS Build Transfer Lease IBK Industrial Complex Project Financing Bancassurance Network Loan
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Kwon-Seon Kang, CEO Jai-Hoa Sir, Head-IT Kyoung-Lyoul Lee, Head-Mgmt. Strategy Div. Young-Rae Ju, Head-Customer Satisfaction Bus. Unit. Tae Sohn, Head-Treasury Div. Kyung-Jun Lee, Deputy CEO Dae-Won Kim, Head-Risk Mgmt. & Credit Mgmt. Div. Byung-Taek Hyun, Head-Corp. Banking Div. Joon-Hee Cho, Head-Mgmt. Support Div. Kwon-Seon Kang, Chmn. Tae Sohn, Head-Global Market Div.
Phone: 82-2-729-6114 Fax: 82-2-729-7095 Toll-Free: Address: 50 Ulchiro 2-ga, Chung-gu, 100-758 Korea
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: 2006 Sales: $ 2006 Profits: $ Int’l Ticker: 024110 Int’l Exchange: Seoul-KRX 2005 Sales: $ 2005 Profits: $ Employees: 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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INDYMAC FEDERAL BANK
www.indymacbank.com
Industry Group Code: 522310 Ranks within this company's industry group: Sales: 5 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 6
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking-Savings & Loan Association Online Services Mortgage Products & Services Home Equity Lines of Credit Reversible Mortgages Investment Services
IndyMac Federal Bank, formerly IndyMac Bancorp, Inc., made dramatic headlines in July 2008 as the FDIC took over operations after a run on the bank. IndyMac was formerly one of America's largest writers of Alt A mortgages, that is, mortgages that required little evidence of a borrower's ability to repay. IndyMac conducted its business through two primary segments: Mortgage banking and thrift. The mortgage banking segment offered a suite of products including a variety of adjustable- and fixed-rate mortgages, as well as home equity lines of credit (HELOC) and reverse mortgages. It originated mortgage loans in all 50 U.S. states. It also sold loans in the secondary market after it has collected enough with similar characteristics, typically with a combined value between $100 million and $1.5 billion. In 2006, IndyMac sold approximately 88% of the mortgage loans it originated or purchased. The thrift segment principally invested in single-family residential mortgages; construction and builder construction financing; mortgage backed securities; and warehouse lines of credit, typically taken by small- to mid-sized bankers to finance mortgage loans. It generated income from the interest on these loans and securities, as well as from selling HELOCs and lot loans. Recently, IndyMac acquired Financial Freedom Holdings, Inc., a leading provider of reverse mortgages in the U.S, for approximately $84.6 million. Due to market conditions, in September 2007, the company had announced a planned reduction of nearly 10% of the company’s workforce, around 1,000 employees, as well as other changes. In July 2008, the company announced that it would stop making most types of homes loans and eliminate 3,800 of its 7,200 jobs. Over the near term, its focus will be on less aggressive lending, attempting to facilitate stability in the housing market and workouts of existing mortgages. Employees of IndyMac receive flexible spending accounts; medical, dental, vision and prescription drug benefits; an employee assistance program; charitable donation-matching; tuition reimbursement; paid time off; life insurance; selected telecommuting options; and a visit-your-child’s-school program.
BRANDS/DIVISIONS/AFFILIATES: IndyMac Bank e-MITS Financial Freedom Holdings, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael W. Perry, CEO A. Scott Keys, CFO/Exec. VP John D. Olinski, Exec. VP-Secondary Mktg. Christina Ching, Chief Governance Officer/Corp. Sec./Sr. VP Richard H. Wohl, Pres., IndyMac Bank, F.S.B. Canise Arredondo, Chief Audit Executive/Sr. VP Ruthann K. Melbourne, Chief Risk Officer/Exec. VP Frank M. Sillman, CEO-IndyMac Mortgage Bank Michael W. Perry, Chmn.
Phone: 626-535-5901 Fax: Toll-Free: 800-669-2300 Address: 888 E. Walnut St., Pasadena, CA 91101-7211 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $2,814,150 2007 Profits: $-614,808 U.S. Stock Ticker: IMB 2006 Sales: $2,590,991 2006 Profits: $342,929 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,765,300 2005 Profits: $300,200 Employees: 9,907 2004 Sales: $1,211,347 2004 Profits: $170,522 Fiscal Year Ends: 12/31 2003 Sales: $1,039,677 2003 Profits: $171,303 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $1,000,000 Second Exec. Salary: $925,000
Bonus: $791,300 Bonus: $584,375
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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ING AMERICAS
www.ing-usa.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance-Life Annuities Mutual Funds Retirement & Financial Planning Services Reinsurance Real Estate Investment Management Online Banking Trust Management & Services
ING Americas (IA), a subsidiary of ING Group, provides a broad array of personal and group financial products and services in insurance, asset management and direct banking to over 14 million customers in the U.S. The company operates through ING U.S. Financial Services (USFS) and ING Investment Management Americas (IIM), which also encompass businesses in Canada and Latin America. USFS provides retail and institutional clients with products and services related to retirement, annuities, life insurance, employee benefits, mutual funds, financial planning, reinsurance and institutional markets, distributing its products through more than 200,000 financial professionals in the U.S. IIM provides asset and relationship management services for institutional clients, as well as for many of ING’s mutual funds and insurance companies. Its services are offered through a wide variety of products, including traditional equity, fixed income, alternative assets, private equity, single strategy hedge funds and funds of hedge funds. Other IA businesses in the U.S. include ING Clarion, which provides real estate investment management services; PrimeVest Financial Services, Inc., which provides correspondent clearing services to broker-dealers; and ING Direct. ING Direct, which provides personal banking products, has grown into a major force in online banking in the U.S. and Canada. ING Direct offers Orange Savings Accounts which have no fees and no minimum balance requirements; and CDs with terms ranging from 6-60 months. In early 2007, ING Direct launched Electric Orange, a fully electronic, interest paying checking account. Currently, Electric Orange is available only to customers who also have savings accounts with the firm. ING Americas offers its employees transportation, medical and dependent care flexible spending accounts; physical, mental and family wellness programs; a national EPO, regional HMOs, PPOs, an Out-Of-Area Indemnity plan and a high deductible health plan; dental and vision insurance; an employee assistance program; and career development resources.
BRANDS/DIVISIONS/AFFILIATES: ING Group ING U.S. Financial Services ING Investment Management Americas ING Clarion ING Direct PrimeVest Financial Services, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Thomas J. McInerney, CEO David A. Wheat, CFO Thomas P. Waldron, Exec. VP-Human Resources & Brand Steve Van Wyk, CIO Bridget M. Healy, Chief Legal Officer/Exec. VP Arkadi Kuhlmann, Chmn./CEO/Pres., ING DIRECT USA Kathleen A. Murphy, CEO-US Wealth Mgmt. Catherine H. Smith, CEO-US Insurance Robert W. Crispin, Chmn./CEO-ING Investment Mgmt. Americas Thomas J. McInerney, Chmn.
Phone: 770-980-3300 Fax: 770-980-3301 Toll-Free: Address: 5780 Powers Ferry Rd. NW, Atlanta, GA 30327-4390 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company: ING GROUP
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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ING GROUP (ING GROEP NV)
www.ing.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance-Life Banking Securities Asset Management Mutual Funds Online Banking
ING Group, one of the world's largest insurance firms, is an Amsterdam-based global financial services institution offering banking, investments, life insurance and retirement services to more than 75 million private, corporate, government and institutional clients in the U.S., Canada, Latin America, Asia and Australia. ING operates through six business lines: Insurance Americas, Insurance Europe, Insurance Asia/Pacific, Wholesale Banking, Retail Banking and ING Direct. Insurance Americas is responsible for insurance, investment, retirement and asset management activities in the Americas. Insurance Europe provides insurance and asset management activities throughout Europe. Insurance Asia/Pacific holds life insurance operations and asset/wealth management activities in Asia and the Pacific. The Wholesale Banking offers wholesale banking operations to corporations and institutions throughout the world, with its primary focus on the Netherlands and Belgium. Retail Banking operates retail and private banking throughout the Netherlands, Belgium, Switzerland, Luxembourg, Poland, Romania, Turkey, India and Asia. ING Direct conducts retail banking activities, including savings account and mortgage solutions, to individual clients throughout Australia, Canada, France, Germany, Austria, Italy, Spain, the U.K. and the U.S. Recently, the company sold its Asian cash equities business, CenE Banklers, as well as Baring Asset Management to MassMutual Financial Group and Northern Trust Corp. for approximately $500 million. ING’s 2007 acquisitions included: AZL, pension fund management services company; Oyak Bank of Turkey; the pension and annuity businesses of Banco Santander’s; the online brokerage business of ShareBuilder Corp.; a 30% stake in TMB Bank PCL. In June 2008, ING sold NRG, its reinsurance unit, to Columbia Insurance Company. Also in June 2008, ING agreed to acquire the Oyak Emeklilik pension fund. In July 2008, the company acquired of CitiStreet LLC, a retirement plan and benefit company. In July 2008, ING completed the sale of part of its Mexican business, Seguros ING SA de CV and subsidiaries, to AXA.
BRANDS/DIVISIONS/AFFILIATES: ING Direct ING Americas ShareBuilder Corp. Oyak Bank of Turkey Banco Santander Central Hispano SA Oyak Emeklilik CitiStreet LLC Seguros ING SA de CV
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michel Tilmant, CEO/Chmn.-Exec. Board John Hele, CFO Dorothy Hillenius, Head-Investor Rel. Eric B. de la Giroday, Exec. Board-Wholesale Banking Tom McInerney, Exec. Board-Insurance Americas Eli Leenaars, Exec. Board-Retail Banking Dick Harryvan, Exec. Board-ING Direct Jan Hommen, Chmn. Hans van der Noordaa, Exec. Board-Insurance & Investment Mgmt., APAC
Phone: 31-20-541-5411 Fax: 31-20-541-5497 Toll-Free: Address: ING House, Amstelveenseweg 500, Amsterdam, 1081 KL The Netherlands
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $230,838,400 2007 Profits: $14,785,600 U.S. Stock Ticker: ING 2006 Sales: $197,705,600 2006 Profits: $12,307,200 Int’l Ticker: INGA Int’l Exchange: Amsterdam-Euronext 2005 Sales: $130,580,100 2005 Profits: $8,262,400 Employees: 124,634 2004 Sales: $115,324,000 2004 Profits: $8,084,000 Fiscal Year Ends: 12/31 2003 Sales: $106,520,000 2003 Profits: $5,083,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $1,556,879 Second Exec. Salary: $1,235,079
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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INTERNATIONAL BANCSHARES CORPORATION Industry Group Code: 522110 Ranks within this company's industry group: Sales: 105 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
www.ibc.com
Profits: 90
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Consumer Loans Business Loans Personal Investment International & Export-Related Banking Insurance
International Bancshares Corp. (IBC) is a financial holding company whose bank subsidiaries offer domestic and international banking services; mortgage financing; personal investment products; and loans to consumers and businesses in more than 90 communities throughout Texas and Oklahoma. The company has more than 255 branches and more than 330 ATMs. Through its banking subsidiaries (IBC Commerce Bank, IBC Zapata, and IBC Brownsville), the company offers a range of financial services, including the acceptance of checking and savings deposits and the making of commercial, real estate, personal, home improvement, automobile and other installment and term loans. Some subsidiaries are active in facilitating international trade along the U.S. border with Mexico and elsewhere. IBC’s international banking business includes providing letters of credit, making commercial and industrial loans and currency exchange. Each bank subsidiary also offers other related services, such as credit cards, travelers’ checks, safety deposit, collection, notary public, escrow and drive-up and walk-up facilities. In addition, each subsidiary bank offers securities products through third-party providers. The firm has four direct, non-banking subsidiaries: IBC Life Insurance Company, which is engaged in the reinsurance of a moderate percentage of health, credit life and accident risks related to loans made by IBC’s banking subsidiaries; IBC Subsidiary Corp., a second-tier bank holding company; IBC Trading Company, which is currently inactive, but which, when active, engages in export trading activities; and IBC Capital Corp. IBC controls a controlling interest in Gulfstar Group I, Ltd., and some of its related entities, which are collectively involved in investment and merchant banking activities.
BRANDS/DIVISIONS/AFFILIATES: IBC Commerce Bank IBC Brownsville IBC Zapata IBC Subsidiary Corp. IBC Life Insurance Company IBC Capital Corp. Gulfstar Group I, Ltd.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Dennis E. Nixon, CEO Imelda Navarro, COO/Exec. VP Dennis E. Nixon, Pres. Imelda Navarro, CFO/Exec. VP J. Jorge Verduzco, Exec. VP/Dir.-Mktg. & Sales Dalia Martinez, Exec. VP-Oper. Edward Farias, Exec. VP Guillermo Garcia, Exec. VP Anselmo Castro, Sr. VP Guadalupe Garcia, Sr. VP Dennis E. Nixon, Chmn. Gerald Schwebel, Exec. VP-Int'l Dept.
Phone: 956-722-7611 Fax: 956-726-6637 Toll-Free: Address: 1200 San Bernardo Ave., Laredo, TX 78042 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $824,874 2007 Profits: $121,312 U.S. Stock Ticker: IBOC 2006 Sales: $786,974 2006 Profits: $117,001 Int’l Ticker: Int’l Exchange: 2005 Sales: $676,108 2005 Profits: $140,779 Employees: 2,965 2004 Sales: $487,194 2004 Profits: $119,032 Fiscal Year Ends: 12/31 2003 Sales: $445,324 2003 Profits: $112,128 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing: Y
Top Exec. Salary: $519,941 Second Exec. Salary: $253,907
Bonus: $1,300,000 Bonus: $16,651
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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INTESA SANPAOLO SPA
www.intesasanpaolo.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 37 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 35
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Insurance Consumer & Business Loans Transaction Services Asset Management Financial Advisors
Intesa Sanpaolo S.p.A. is the result of the merger between Banca Intesa S.p.A. and Sanpaolo IMI S.p.A. The group is one of the largest banks in Europe, with over 6,500 branches and more than 11.4 million clients. The firm operates through six business groups: Banca dei Territori; corporate and investment banking; international subsidiary banks; Eurizon Financial Group; corporate center; and public finance. Banca dei Territori encompasses about 5,600 branches serving retail, private and small- and medium-sized enterprise customers; and 59 branches that offer industrial and consumer credit. The division also offers bancassurance with EurizonVita, an Italian life insurance company; EurizonTutela, a property-casualty business that focuses on personal and personal assets protection; and Intesa Vita, a joint venture with the Generali Group that provides life insurance. The corporate and investment banking segment offers commercial banking; capital markets, investment banking and structured finance origination; and transaction services such as payments and sub-custody. The international subsidiary banks offer banking services to foreign countries. Eurizon Financial Group consists of Eurizon Capital and Banca Fideuram, which offers asset management and financial advisors, respectively. The public finance sector, with a network comprised of 16 branches with over $51 billion in customer loans, offers project finance for infrastructures, long-term financing, debt restructuring, bond issues and banking services. In early 2008, the company agreed to acquire JSC Pravex Bank; purchased Cassa di Risparmio di Firenze S.p.A.; and acquired the depositary bank services of Banca Monte dei Paschi di Siena. In May 2008, Intesa Sanpaolo sold its 49% interest in AGOS S.p.A. to Credit Agricole. In July 2008, the company expanded in the Middle East with the opening of a branch in Dubai.
BRANDS/DIVISIONS/AFFILIATES: Banca Intesa S.p.A. Sanpaolo IMI S.p.A. Eurizon Capital Banca Fideraum Intesa Vita JSC Pravex Bank Cassa di Risparmio di Firenze S.p.A. Banca Monte dei Paschi di Siena
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Corrado Passera, CEO/Managing Dir. F. Micheli, COO C. Messina, CFO M. Vernieri, Dir.-Human Resources E. Lunati, Dir.-Legal Affairs M. Manzotti, Dir.-Oper. E. Rossetti, Chief Lending Officer B. Picca, Chief Risk Officer S. Marchetti, Dir.-Loan Recovery G. Bellan, Dir.-Real Estate & Procurement Enrico Salza, Chmn.
Phone: 39-011-555-2762 Fax: 39-011-555-2322 Toll-Free: 800-02-02-02 Address: Piazza San Carlo, 156, Torino, 10121 Italy
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $22,250,000 2007 Profits: $3,380,000 U.S. Stock Ticker: 2006 Sales: $17,800,000 2006 Profits: $3,580,000 Int’l Ticker: BIN Int’l Exchange: Milan-BI 2005 Sales: $18,645,900 2005 Profits: $3,758,800 Employees: 60,778 2004 Sales: $20,243,100 2004 Profits: $2,569,800 Fiscal Year Ends: 2003 Sales: $20,896,600 2003 Profits: $1,523,800 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
Plunkett Research, Ltd.
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INTUIT INC
www.intuit.com
Industry Group Code: 511201 Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Computer Software-Financial Management Business Accounting Software Consumer Finance Software Tax Preparation Software Online Financial Services
Intuit, Inc. is a leading provider of software and web-based services designed to provide consumers, small businesses and accounting professionals with financial management and tax solutions. The company has six business segments: QuickBooks, Payroll and Payments, Consumer Tax, Professional Tax, Financial Institutions and Other Businesses. QuickBooks products include QuickBooks Simple Start, which provides accounting functionality suitable for very small, less complex businesses; QuickBooks Pro, which provides accounting functionality suitable for slightly larger businesses, including those with payroll needs; QuickBooks Pro for Mac; QuickBooks Premier; and QuickBooks Enterprise Solutions. The company also offers QuickBooks Online Edition, suitable for multiple users working in various locations. QuickBooks Payroll is a family of products sold on a subscription basis to small businesses that prepare their own payrolls. The Innovative Merchant Services business, part of the company’s Payroll and Payments segment, offers credit card, debit card, electronic benefits, check guarantee and gift card processing services as well as web-based transaction processing services for online merchants. The Consumer and Professional Tax segments offer a variety of software and services for customers whose returns have varying levels of complexity and for accountants and tax preparers in public practice who serve multiple clients. The Financial Institutions segment was formed after the acquision of Digital Insight Corp. in February 2007, and primarily consists of outsourced online banking applications and services for banks and credit unions provided by our Digital Insight business. The Other Businesses segment includes the Quicken software, Quicken.com, Intuit Real Estate Solutions and its businesses in Canada and the U.K. In December 2007, Intuit acquired Homestead Technologies, Inc., which provides website and online store services for small businesses, for $170 million. In February 2008, the company acquired Electronic Clearing House, Inc., which provides electronic payment processing solutions, for $131 million. Intuit's employees enjoy an employee assistance program, tuition assistance, adoption assistance and medical, vision and dental insurance.
BRANDS/DIVISIONS/AFFILIATES: QuickBooks QuickBooks Payroll Innovative Merchant Services Quicken Quicken.com Intuit Real Estate Solutions StepUp Commerce, Inc. Digital Insight Corp.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Brad D. Smith, CEO Brad D. Smith, Pres. Neil Williams, CFO/Sr. VP Caroline Donahue, VP-Sales Laura A. Fennell, General Counsel/VP/Corp. Sec. Alexander Lintner, Sr. VP-Strategy & Corp. Dev. Jeffrey Hank, Controller/VP Scott D. Cook, Chmn.-Exec. Committee Kiran Patel, Gen. Mgr./Sr. VP-Consumer Tax Unit Peter Karpas, Sr. VP-Quicken Health Group Sasan Goodarzi, Sr. VP Bill Campbell, Chmn.
Phone: 650-944-6000 Fax: 650-944-3699 Toll-Free: 800-446-8848 Address: 2632 Marine Way, Mountain View, CA 94043 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $2,672,947 2007 Profits: $440,003 U.S. Stock Ticker: INTU 2006 Sales: $2,293,010 2006 Profits: $416,963 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,993,102 2005 Profits: $381,627 Employees: 8,200 2004 Sales: $1,867,663 2004 Profits: $317,030 Fiscal Year Ends: 7/31 2003 Sales: $1,581,500 2003 Profits: $343,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $1,100,000 Second Exec. Salary: $699,038
Bonus: $3,250,000 Bonus: $683,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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IPAYMENT INC
www.ipaymentinc.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 12 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 10
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Credit Card Processing Risk Management Underwriting E-Commerce Communication Networks
iPayment, Inc. provides credit and debit card-based payment processing services to small merchants, who are traditionally underserved by larger payment processors. The company serves about 145,000 active small merchants across the country and markets its services through 750 independent sales organizations (ISOs). iPayment processes both traditional card-present (swipe) transactions and card-notpresent transactions, which are transactions that take place over the Internet, by mail, via fax or over the telephone. The firm accepts Visa, MasterCard, American Express, Discover, Diners Club, JCB and Carte Blanche. iPayment provides merchants with front-end applications such as ATM Pin Pads, electronic check acceptance machines, communication networks, risk management, underwriting, chargebacks, mail capability, e-commerce, customer service and interchange. By outsourcing some of these services to third parties, including the evaluation and acceptance of card numbers, detection of fraudulent transactions and receipt and settlement of funds, iPayment maintains an efficient operating structure, which allows for easy expansion without significantly increasing fixed costs. The company is an independent system operator and managed service provider for JP Morgan Chase Bank. Subsidiaries of iPayment include iPayment Technologies; First National Processing; ECommerce Exchange; OnLine Data Corp.; iPayment of Maine; iPayment of California; and CardSync Processing Services.
BRANDS/DIVISIONS/AFFILIATES: iPyament of California iPayment Technologies, Inc. First National Processing, Inc. E-Commerce Exchange, Inc. OnLine Data Corp. CardSync Processing Services iPayment of Maine
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Gregory S. Daily, CEO Carl A. Grimstad, Pres. Clay M. Whitson, CFO Clay M. Whitson, Treas. Gregory S. Daily, Chmn.
Phone: 615-665-1858 Fax: Toll-Free: 800-324-9825 Address: 40 Burton Hills Blvd., Ste. 415, Nashville, TN 37215 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $759,109 2007 Profits: $5,431 U.S. Stock Ticker: Private 2006 Sales: $733,988 2006 Profits: $- 40 Int’l Ticker: Int’l Exchange: 2005 Sales: $702,712 2005 Profits: $33,387 Employees: 426 2004 Sales: $364,182 2004 Profits: $24,735 Fiscal Year Ends: 12/31 2003 Sales: $226,052 2003 Profits: $15,618 Parent Company:
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan: Y
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $296,000
Bonus: $ Bonus: $296,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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IRWIN FINANCIAL CORP
www.irwinfinancial.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 144 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 143
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages & Loans Personal Banking Products Equipment Leasing Home Equity Loans Insurance
Irwin Financial Corp. is a bank holding company which provides financial services throughout U.S. and Canada. The firm focuses primarily on the extension of credit to small businesses and consumers as well as providing the ongoing servicing of those customer accounts. The company operates in three segments: commercial banking, commercial finance and home equity lending. The commercial banking segment provides credit, cash management and personal banking products primarily to small businesses and business owners. The segment offers consumer mortgage and loans; personal and commercial checking accounts; savings and time deposit accounts; personal and business loans; credit card services; money transfer services; financial counseling; property, casualty, life and health insurance agency services; trust services; securities brokerage; and safe deposit facilities. The division operates through Irwin Union Bank and Trust Company, an Indiana state-chartered commercial bank, and Irwin Union Bank, F.S.B., a federal savings bank. The commercial finance segment, through Irwin Commercial Finance Corp., originates small-ticket equipment leases throughout the U.S. and Canada through a network of vendors and third-party originators and provides financing for franchises of qualified quick service and casual dining restaurant concepts in the U.S. The division's product line includes professional practice financing and information technology leasing to middle and upper middle market companies throughout the U.S. and Canada. The home equity lending segment, through Irwin Home Equity Corp., originates, purchases, securitizes and services home equity loans and first mortgages nationwide. In 2008, Irwin Financial announced the securitization with Roosevelt Management Company LLC of approximately $275 million of whole loans. In July 2008, the firm agreed to transfer small-ticket leasing assets in Canada to Roynat, Inc. The company offers its employees health, dental and vision insurance; life and disability insurance; retirement plans; a stock purchase plan; matching grants; an employee assistance program; and education assistance/tuition reimbursement.
BRANDS/DIVISIONS/AFFILIATES: Irwin Union Bank & Trust Company Irwin Union Bank F.S.B. Irwin Commercial Finance Corp Irwin Home Equity Corp
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William I. Miller, CEO William I. Miller, Pres. Gregory F. Ehlinger, CFO/Sr. VP Matt Souza, Corp. Sec./Sr. VP-Ethics Suzie Singer, VP-Corp. Comm. Jocelyn Martin-Leano, Pres., Home Equity Brad Kime, Pres., Commercial Banking Joe LaLeggia, Pres., Commercial Finance Will Miller, Chmn.
Phone: 812-376-1909 Fax: 812-376-1709 Toll-Free: 888-879-5900 Address: 500 Washington St., Columbus, IN 47201 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $154,789 2007 Profits: $-54,673 U.S. Stock Ticker: IFC 2006 Sales: $266,959 2006 Profits: $1,727 Int’l Ticker: Int’l Exchange: 2005 Sales: $260,881 2005 Profits: $18,987 Employees: 1,256 2004 Sales: $283,994 2004 Profits: $68,445 Fiscal Year Ends: 12/31 2003 Sales: $909,301 2003 Profits: $72,817 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $650,000 Second Exec. Salary: $362,213
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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JP MORGAN CHASE & CO INC
www.jpmorganchase.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 13 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 2
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Investment Banking Stock Brokerage Credit Cards Business Finance Mutual Funds Annuities
J.P. Morgan Chase & Co., Inc. (JPM) is one of the largest banking institutions in the world, operating in more than 60 nations. As one of the strongest financial organizations in America, JPM was able to grow significantly in 2008 by acquiring the assets of two major companies during the global financial crisis. In March 2008, JPM purchased the assets of Bear Stearns & Co., one of America's largest investment banking firms. In September 2008, the firm acquired the assets of Washington Mutual (WAMU), one of the nation's largest savings associations, after federal regulators took control of WAMU due to massive losses in its mortgage portfolio. This was the largest bank failure ever in the U.S. These acquisitions boosted JPM to $2.03 trillion in assets and 5,410 branches in 23 states. In addition, it grew to 14,272 ATMs and 238,792 employees. JPM provides investment banking; financial services; financial transaction processing; asset and wealth management; and private equity services for consumers and businesses. Among JPM’s principal subsidiaries are JPMorgan Chase Bank, a national banking association; Chase Bank USA, the firm’s leading provider of credit cards; and J.P. Morgan Securities, an investment banking firm. The company is organized into six segments: Investment banking; retail finance; card services; commercial banking; treasury and securities; and asset management. JPM also operates private equity and treasury businesses through its subsidiary, One Equity Partners. In the investment banking sector, JPM provides strategic advice, capital raising and risk management expertise in areas such as healthcare, technology, energy, real estate and transportation. JPM also offers global research in areas such as fixed income/rates, credit, foreign exchange, emerging markets, derivatives, structured finance and bond indices. The firm’s research data portal, MorganMarkets, gives information on a range of financial markets by providing reports, commentaries, trading strategies, market data and portfolio management tools.
BRANDS/DIVISIONS/AFFILIATES: JPMorgan Chase Vastera Inc Bear Stearns Cos Inc (The) J.P. Morgan Securities MorganMarkets JPMorgan Partners Washington Mutual (WAMU) Bank of New York Integrated Investment Services
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. James Dimon, CEO Michael J. Cavanagh, Dir.-Finance John F. Bradley, Dir.-Human Resources Austin A. Adams, Dir.-Tech. Frank J. Bisignano, Chief Admin. Officer Stephen M. Cutler, General Counsel/Dir.-Legal & Compliance Jay Mandelbaum, Dir.-Strategy Joseph M. Evangelisti, Dir.-Corp. Comm. Heidi Miller, Treas./Dir.-Securities Svcs. Barry Zubrow, Chief Risk Officer Paul T. Bateman, Dir.-Asset Mgmt. Anthony J. Best, Dir.-Investment Bank Steven D. Black, Dir.-Investment Bank James Dimon, Chmn. Andrew D. Crockett, Dir.-JPMorgan Chase Int'l
Phone: 212-270-6000 Fax: 212-270-2613 Toll-Free: 877-242-7372 Address: 270 Park Ave., New York, NY 10017-2070 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $71,372,000 2007 Profits: $15,365,000 U.S. Stock Ticker: JPM 2006 Sales: $61,999,000 2006 Profits: $14,444,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $54,248,000 2005 Profits: $8,483,000 Employees: 238,792 2004 Sales: $43,097,000 2004 Profits: $4,466,000 Fiscal Year Ends: 12/31 2003 Sales: $33,384,000 2003 Profits: $6,719,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 11 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $1,000,000 Second Exec. Salary: $564,379
Bonus: $14,500,000 Bonus: $4,900,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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KBC GROUP NV
www.kbc.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 24 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 24
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Insurance Corporate Banking Asset Management Leasing Factoring Trade Finance
KBC Group NV was formed when KBC Bank & Insurance Holding Co. NV acquired its former parent company, Almanij, and the companies merged to streamline operations and increase its stock offering appeal for investors. Almanij's former core shareholders have retained ownership of just over half of the new KBC Group. It is a financial services group managing approximately $126 billion in assets serving approximately 12 million customers in the fields of banking, insurance and asset management, primarily in Belgium and Central Europe. The firm operates approximately 900 branches in Belgium and roughly 1,200 branches in Central Europe, Eastern Europe and Russia. KBC offers multichannel distribution via bank branches, insurance agents, brokers and the Internet, emphasizing cross-selling between banking and insurance clients. The firm also serves small and mid-sized companies in the fields of corporate banking, leasing, factoring, re-insurance, insurance brokerage and project and trade finance. The company has three main subsidiaries: KBC Bank NV, KBC Insurance NV and KBL European Private Bankers, which are responsible for the rest of the group’s subsidiaries and interests. The firm continues to expand into new markets, focusing on developing a second home market in countries such as the Czech Republic, Hungary, Poland, Slovakia and Slovenia. In 2008, the company completed the acquisition of Istrobanka and Istro Asset Management in Slovakia. Also in 2008, the firm acquired private Parisian asset management firm Richelieu Finance.
BRANDS/DIVISIONS/AFFILIATES: Kredietbank ABB-Insurance CERA Bank KBC Bank NV KBC Insurance NV KBC Asset Management NV WARTA Insurance K&H Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Andre Bergen, CEO Christian Defrancq, COO Willy Duron, Pres. Herman Agneessens, CFO Lieve Theunis, Group Dir.-Human Resources Luc Popelier, Group Dir.-Strategy Viviane Huybrecht, Group Dir.-Comm. Luc Cool, Dir.-Investor Rel. Herman Agneessens, Chief Risk Officer Guido Segers, CEO-Merchant Banking Jan Vanhevel, CEO-Central & Eastern Europe and Russia Etienne Verwilghen, CEO-European Private Banking Jan Huyghebaert, Chmn.
Phone: 32-78-152-154 Fax: 32-2-429-4416 Toll-Free: Address: Havenlaan 2, Brussels, 1080 Belgium
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $35,220,000 2007 Profits: $4,660,000 U.S. Stock Ticker: KBCSF 2006 Sales: $26,896,000 2006 Profits: $ Int’l Ticker: KBC Int’l Exchange: Brussels-Euronext 2005 Sales: $22,879,300 2005 Profits: $2,794,500 Employees: 50,479 2004 Sales: $25,626,400 2004 Profits: $1,551,800 Fiscal Year Ends: 12/31 2003 Sales: $19,552,500 2003 Profits: $1,504,600 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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KEYCORP
www.key.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 56 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 55
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Equipment Leasing Insurance Investment Banking Cash Management Trust Services Personal Financial Services Mutual Funds
KeyCorp is a bank and financial holding company. Its subsidiaries provide retail and commercial banking; commercial leasing; investment management; consumer finance; and investment banking products and services to individual, corporate and institutional clients. The company operates in two segments: community banking and national banking. In addition to the customary banking services of accepting deposits and making loans, the firm’s bank and trust company subsidiaries offer personal and corporate trust services; personal financial services; access to mutual funds; cash management services; investment banking and capital markets products; and international banking services. KeyCorp provides investment management services to clients that include large corporations and public retirement plans; foundations and endowments; high net worth individual; and Taft-Hartley plans. The company provides other financial service both inside and outside of its primary banking markets through its non-bank subsidiaries. These services include accident, health and credit-life insurance on loans made by its subsidiary bank; principal investing; community development financing; securities underwriting and brokerage; merchant services; and other financial services. The firm is an equity participant in a joint venture by Key Merchant Services, LLC, which provides merchant services to businesses. In January 2008, KeyBank owned 480 and leased 505 branches in 14 states, a telephone banking call center and more than 1,481 ATMs in 15 states. In 2007, the firm sold the origination platform of Champion Mortgage to Nationstar Mortgage. In 2007, KeyCorp acquired Tuition Management Systems, Inc., which offers outsourced tuition planning, billing, counseling, payment and related technology services. In January 2008, the firm acquired U.S.B. Holding Company of Orangeburg, N.Y. The company offers its employees medical and dental insurance; life and AD&D insurance; travel accident insurance; a 401(k) plan; a pension plan; a discounted stock purchase plan; education assistance; long-term disability insurance; and an employee assistance program.
BRANDS/DIVISIONS/AFFILIATES: Tuition Management Systems Inc Key Merchant Services LLC USB Holding Company Inc
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Henry L. Meyer, III, CEO Jeffrey B. Weeden, CFO/Sr. Exec. VP Karen R. Haefling, Chief Mktg. Officer Thomas E. Helfrich, Chief Human Resources Officer/Exec. VP Stephen E. Yates, CIO/Exec. VP Maria C. Coyne, Chief Admin. Officer/Exec. VP-Client Svcs. Paul N. Harris, General Counsel/Exec. VP/Sec. Karen R. Haefling, Chief Comm. Officer Vernon L. Patterson, Exec. VP-Investor Rel. Robert L. Morris, Chief Acct. Officer Margot J. Copeland, Exec. VP-Corp. Diversity & Philanthropy Charles S. Hyle, Chief Risk Officer/Exec. VP Michael P. Barnum, Exec. VP-Client Svcs. Group Cindy P. Crotty, Exec. VP-Commercial Bank Segment Henry L. Meyer, III, Chmn.
Phone: 216-689-6300 Fax: 216-689-0519 Toll-Free: 800-539-6070 Address: 127 Public Square, Cleveland, OH 44114 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $7,925,000 2007 Profits: $919,000 U.S. Stock Ticker: KEY 2006 Sales: $7,507,000 2006 Profits: $1,055,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $6,695,000 2005 Profits: $1,129,000 Employees: 20,006 2004 Sales: $5,564,000 2004 Profits: $954,000 Fiscal Year Ends: 12/31 2003 Sales: $5,730,000 2003 Profits: $903,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 7 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $1,000,000 Second Exec. Salary: $625,000
Bonus: $412,000 Bonus: $250,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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KOOKMIN BANK
inf.kbstar.com/quics?page=s_kbe
Industry Group Code: 522110 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Credit Cards Mortgage Loans
Kookmin Bank (KB), one of the largest commercial banks in Korea, has over $193.89 billion in assets and $130.15 billion in deposits. Including its headquarters, KB has three offices in Korea and nine overseas office locations, including New York, London, Hong Kong and Guangzhou. In Korea, it operates over 1,100 branches, one of the most extensive networks in the nation, with approximately 40% of its branches in Seoul. It also operates over 8,900 ATMs, 160 cash dispensers and 380 passbook printers. Passbooks are similar to the account ledgers in checkbooks; passbook printers allow the customer to print an updated account balance. The firm offers credit and related financial services to individuals, small- and medium-sized enterprises and, to a lesser extent, large corporate customers. It offers private mortgage loans and is one of the managers of the National Housing Fund, a government fund providing housing loans for low-income families and loans to construction companies building low-income housing. Almost two-thirds of the firm’s lending portfolio consists of retail loans, credit card loans and credit card receivables. Most of the remaining third of the portfolio consists of corporate loans, and less than 1% consists of capital markets activities and international banking. KB has approximately 25 million retail customers, representing one-half of the total population of Korea, including two thirds of Koreans between the ages of 20 and 40. It also has over 125,000 small- and mid-size enterprise customers, and more than 9 million customers hold a KB Card, its credit card. The firm’s web site offers a variety of online banking services, including money transfers and account information, as well as foreign exchange information such as currency exchange rates. Subsidiaries of KB include KB Life Insurance, KB Asset Management, KB Credit Information and KB Real Estate Trust. The company is one of the only Korean banks listed on the NYSE.
BRANDS/DIVISIONS/AFFILIATES: National Housing Fund KB Life Insurance KB Asset Management KB Credit Information KB Real Estate Trust
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Chung Won Kang, CEO Chung Won Kang, Pres. Kap Shin, CFO/Sr. Exec. VP-Finance Group Dal Soo Lee, Sr. Exec. VP-Mktg. Group Dong Won Kim, Sr. Exec. VP-Human Resources Group Kap Joe Song, Sr. Exec. VP-IT Group Dal Soo Lee, Sr. Exec. VP-Prod. Group Ki Hong Kim, Chief Exec. VP/Head-Strategic Planning Group Hyung Duk Chang, Chief Audit Officer Won Sik Yeo, Sr. Exec. VP-Consumer Banking Group I Hyo Sung Won, Sr. Exec. VP-Credit Card Group Kyung Woo Nam, Sr. Exec. VP-Trust/Nat'l Housing Fund Mgmt. Group Donald H. MacKenzie, Sr. Exec. VP-Risk Mgmt. Group
Phone: 82-2-2073-7114 Fax: Toll-Free: Address: 9-1, 2-ga, Namdaemoon-ro, Jung-gu, Seoul, 100-703 Korea
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: KB 2006 Sales: $ 2006 Profits: $ Int’l Ticker: 060000 Int’l Exchange: Seoul-KRX 2005 Sales: $ 2005 Profits: $ Employees: 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Y Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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LAURENTIAN BANK OF CANADA
www.laurentianbank.ca
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 120 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 100
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Loans Trust Services Asset Management Securities Brokerage Bank-Cafes
Laurentian Bank of Canada, with total assets of nearly $15 billion, is a commercial and retail bank with a network of 156 branches, 340 ATMs, 11 brokerage offices and 29 commercial banking centers, mostly in Quebec. The company also operates a Telebanking Centre and offers LBCDirect telebanking and LBCDirect Internet services. The firm’s products include traditional banking services, such as checking and saving accounts Visa credit cards, client cards, safety deposit boxes, travelers checks, foreign exchange services, money orders, overdraft protection, life and disability credit insurance, as well as personal and business loans, trust services, securities brokerage, asset management, and commercial and residential mortgages. Through its subsidiary LBC Financial Services, Laurentian offers the R Funds as well as a selection of other mutual funds. The bank and its subsidiaries Laurentian Trust, LBC Trust and B2B Trust, all members of the Canada Deposit Insurance Corporation, offer a variety of term deposits, guaranteed investments, and registered plans including RRSP, RRIF and RESP accounts. Laurentian offers its employees a defined benefit pension plan, a share purchase plan, a voluntary retirement savings plan, special credit rates, fee-free banking services, financial support, group insurance plans and a financial center membership discount.
BRANDS/DIVISIONS/AFFILIATES: LBCDirect LBC Financial Services R Funds Laurentian Trust LBC Trust B2B Trust Espresso Bank-Cafe
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Rejean Robitaille, CEO Rejean Robitaille, Pres. Robert Cardinal, CFO/Sr. Exec. VP-Finance Lorraine Pilon, Exec. VP-Human Resources Robert Cardinal, Sr. Exec. VP-Admin. Lorraine Pilon, Corp. Sec. Robert Cardinal, Sr. Exec. VP-Strategic Dev. Lorraine Pilon, Exec. VP-Corp. Affairs Bernard Piche, Exec. VP-Treasury, Capital Markets & Brokerage Francois Desjardins, Pres./CEO-B2B Trust Luc Bernard, Exec. VP-Retail Financial Services L. Denis Desautels, Chmn.
Phone: 514-284-4500 Fax: 514-284-3396 Toll-Free: 800-522-1846 Address: 1981 McGill College Ave., Tour Banque Laurentienne, Montreal, QC H3A 3K3 Canada
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $533,000 2007 Profits: $92,700 U.S. Stock Ticker: 2006 Sales: $489,800 2006 Profits: $68,900 Int’l Ticker: LB Int’l Exchange: Toronto-TSX 2005 Sales: $710,335 2005 Profits: $61,813 Employees: 3,289 2004 Sales: $717,948 2004 Profits: $45,238 Fiscal Year Ends: 10/31 2003 Sales: $907,854 2003 Profits: $86,996 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $483,792 Second Exec. Salary: $232,934
Bonus: $201,560 Bonus: $73,912
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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LENDINGTREE LLC
www.lendingtree.com
Industry Group Code: 522310A Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Consumer Loans & Mortgages Internet Portal Online Financial Information & Tools Online Realty Services Settlement Services Online Homeowner Resources
LendingTree, Inc., a subsidiary of IAC/InterActiveCorp, is an online lending and realty services exchange. The firm enables customers to choose from up to four competitive loan offers from local, regional and national lenders across the U.S. LendingTree also connects customers with realtors, who offer services concerning the buying and selling of homes. Customers begin by completing the firm’s online loan request, which requires information concerning desired loan(s) and personal financial information. The customer's data and credit scores are then automatically compared to the underwriting criteria of more than 250 participating lenders. LendingTree Loans, the firm’s wholly owned subsidiary, allows LendingTree to provide consumers with multiple loan offers without the consumer having to contact different lenders directly. The lending exchange encompasses most consumer credit categories, including mortgages, home equity loans, automobile loans, student loans and personal loans. LendingTree provides access through its web site to realty services related to owning, maintaining, buying and selling a home, including a network of real estate brokers. LendingTree also operates getsmart.com, a web site that offers access to a range of loan services, including loan refinancing, mortgage loans, home equity loans, debt consolidation and credit reports. In 2007, the firm announced a partnership with Bankrate, Inc., which will connect customers to high-yield savings accounts, and a marketing partnership with the PGA Tour. The firm also announced an upgrade to its Smart Borrower Center, an online education resource that equips borrowers with information concerning debt, credit and loans. In May 2007, the firm announced that it was reducing its workforce by about a fifth, representing 440 employees. LendingTree also announced the launch of the web site ARM Central, a resource for homeowners facing an adjustable rate mortgage reset. LendingTree employees receive a choice of medical, vision and dental plan options, life insurance, tuition reimbursements and other benefits.
BRANDS/DIVISIONS/AFFILIATES: IAC/InterActiveCorp LendingTree Loans getsmart.com Bankrate Smart Borrower Center ARM Central
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. C.D. Davies, CEO Bob Harris, COO Bob Harris, Pres. Matt Packey, CFO/Sr. VP Claudette Hampton, Sr. VP-Human Resources Scott Guilfoyle, CIO/Sr. VP Scott Cammarn, General Counsel/Sr. VP Allison Vail, Corp. Comm. Jim Svinth, Exec. VP/COO/Chief Economist-LendingTree Loans Marianne DeAngelis, COO-LendingTree Settlement Svcs., LLC
Phone: 704-541-5351 Fax: 704-541-1824 Toll-Free: 800-555-8733 Address: 11115 Rushmore Dr., Charlotte, NC 28277 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $356,200 2007 Profits: $-42,700 U.S. Stock Ticker: Subsidiary 2006 Sales: $485,700 2006 Profits: $42,300 Int’l Ticker: Int’l Exchange: 2005 Sales: $425,300 2005 Profits: $6,400 Employees: 2,491 2004 Sales: $189,800 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $160,200 2003 Profits: $8,900 Parent Company: IAC/INTERACTIVECORP
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $265,000
Bonus: $178,900 Bonus: $265,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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LLOYDS TSB GROUP PLC
www.lloydstsb.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 15 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 17
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Funding, Payroll & Credit Control Services Mortgages Insurance-Life, Health, Auto & Home Pension & Investment Products Asset Management Foreign Exchange & Money Market Services Business Finance
Lloyds TSB Group plc (unrelated to the Lloyd’s of London insurance exchange) is a leading U.K. banking company, with more than 2,000 locations in England, Scotland and Wales. Its activities are organized into three divisions: U.K. Retail Banking; Insurance and Investments; and Wholesale and International Banking. Lloyds Retail Banking provides banking, financial services, mortgages and private banking to some 16 million personal customers; it also offers Internet and telephone banking to some 4.5 million and 5.4 million customers, respectively. Business in this segment is done largely through Lloyds TSB Bank; Lloyds TSB Scotland plc; and Cheltenham & Gloucester plc (C&G). These subsidiaries, through private wealth management services, offer cash machines, credit and debit cards, current accounts, savings accounts, personal loans and mortgages. The group’s Insurance and Investments division offers life assurance, pensions and investment products, general insurance and fund management services. Subsidiary Scottish Widows provides the firm’s life assurance, pensions and investment products, which are distributed through a combination of the company’s branch networks, independent financial advisers and directly via the telephone and the Internet. Lloyds TSB General Insurance, one of the U.K.’s leading household insurance distributors, offers its products through Lloyds TSB Bank and C&G. Lastly, Scottish Widows Investment Partnership manages funds for Lloyds TSB Group’s retail life, pensions and investment products. The Wholesale and International Banking division provides banking and related services for major U.K. and multinational corporate and financial institutions as well as for small and medium-sized U.K. businesses. The division’s offerings include corporate markets products, commercial banking, asset financing and international banking. In September 2008, the firm agreed to acquire HBOS PLC, one of the world's largest mortgage lenders. The government of the U.K. will make a substantial investment in the merged bank, resulting it ownership of up to 43.5% of the firm. The acquisition is planned to close by early 2009.
BRANDS/DIVISIONS/AFFILIATES: Lloyds TSB Bank Lloyds TSB Scotland plc Cheltenham & Gloucester plc Scottish Widows Scottish Widows Investment Partnership HBOS
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. J. Eric Daniels, Group CEO Helen A. Weir, Group Exec. Dir.-U.K. Retail Banking Archie G. Kane, Group Exec. Dir.-Insurance & Investments Victor Blank, Chmn. G. Truett Tate, Group Exec. Dir.-Int'l & Wholesale Banking
Phone: 44-20-7626-1500 Fax: 44-20-7489-3484 Toll-Free: Address: 25 Gresham St., London, EC2V 7HN UK
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $58,740,000 2007 Profits: $6,530,000 U.S. Stock Ticker: LYG 2006 Sales: $57,397,700 2006 Profits: $5,695,100 Int’l Ticker: LLOY Int’l Exchange: London-LSE 2005 Sales: $46,625,100 2005 Profits: $2,324,800 Employees: 62,630 2004 Sales: $30,265,000 2004 Profits: $4,642,000 Fiscal Year Ends: 12/31 2003 Sales: $31,194,890 2003 Profits: $5,746,334 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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M&T BANK CORP
www.mandtbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 65 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 60
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Insurance Services Securities Brokerage Leasing Services Reinsurance Investment Management Cash Management
M&T Bank Corp. (M&T) is the holding company for Manufacturers and Traders Trust Company, founded in 1856 and operating as M&T Bank through over 700 branches and 1,600 ATMs in New York, Maryland, Pennsylvania, Virginia, West Virginia, New Jersey, Delaware and Washington, D.C. The bank also operates one branch in George Town, Cayman Islands. M&T Bank provides a broad range of personal and commercial banking services to consumers, small businesses, professional clients, government entities and other financial institutions located in its markets. M&T Bank, National Association (M&T Bank, N.A.) is a national banking subsidiary of M&T offering selected deposit and loan products on a nationwide basis primarily through direct mail and telephone marketing techniques. Subsidiaries of M&T Bank include M&T Life Insurance Company, a captive credit reinsurer; M&T Credit Services, LLC, a provider of consumer loans and commercial loans and leases; M&T Lease, LLC, a consumer leasing company; M&T Realty Capital Corporation, which engages in multi-family commercial real estate lending and provides loan servicing; and M&T Securities, Inc., providing securities brokerage, investment advisory and insurance services. Additional subsidiaries of M&T Bank include M&T Mortgage Reinsurance Company, Inc.; M&T Insurance Agency, Inc.; M&T Investment Company of Delaware, Inc.; M&T Real Estate Trust; and M&T Auto Receivables I, LLC. In January 2007, M&T Mortgage Corporation, previously a wholly owned mortgage banking subsidiary, was merged into M&T Bank. In December 2007, the firm acquired Partners Trust Financial Group, Inc., with 33 branch locations in the Broome, Chenango, Herkimer, Oneida, Onondaga and Tioga counties of upstate New York. Also in December 2007, M&T acquired First Horizon National Corp.’s 13-branch Mid-Atlantic retail banking franchise. In September 2008, the company acquired Peremel & Company from PNC Investments LLC. M&T offers its employees banking advantages, flexible benefits and medical, dental, travel accident, life and disability insurance.
BRANDS/DIVISIONS/AFFILIATES: Manufacturers and Traders Trust Company M&T Bank M&T Bank, National Association M&T Life Insurance Company M&T Credit Services, LLC M&T Lease, LLC M&T Realty Capital Corporation M&T Securities, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert G. Wilmers, CEO Mark J. Czarnecki, Pres. Rene F. Jones, CFO/Exec. VP Michelle D. Trolli, CIO/Exec. VP Mark W. Yonkman, General Counsel/Sr. VP Michael R. Spychala, Controller/Sr. VP Jorge G. Pereira, Vice Chmn. James J. Beardi, Exec. VP Robert J. Bojdak, Exec. VP/Chief Credit Officer Stephen J. Braunscheidel, Exec. VP Robert G. Wilmers, Chmn.
Phone: 716-842-5390 Fax: 716-842-5021 Toll-Free: Address: 1 M&T Plaza, 5th Fl., Buffalo, NY 14203 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $4,603,898 2007 Profits: $654,259 U.S. Stock Ticker: MTB 2006 Sales: $4,359,945 2006 Profits: $839,189 Int’l Ticker: Int’l Exchange: 2005 Sales: $3,766,545 2005 Profits: $782,183 Employees: 12,422 2004 Sales: $3,241,700 2004 Profits: $722,500 Fiscal Year Ends: 12/31 2003 Sales: $2,957,660 2003 Profits: $573,942 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 6 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $646,154 Second Exec. Salary: $542,308
Bonus: $275,000 Bonus: $225,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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MARSHALL & ILSLEY CORP
www.mibank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 66 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Banking Equipment Leasing Mortgage Banking Financial Planning Data Processing Insurance Services Investment Management Trust Services
Marshall & Ilsley Corporation (M&I), with over $60 billion in assets, is a financial services company primarily operating through M&I Marshall & Ilsley Bank. The bank has194 branches located throughout Wisconsin, as well as 133 other locations in Arizona, Minnesota, Kansas, Missouri, Florida, Oklahoma and Nevada. M&I Bank houses M&I’s Milwaukeebased home equity division, which sells mortgage products to mortgage bankers and brokers who originate home equity loans and lines. Other subsidiaries include M&I Institutional Real Estate Group, which links experienced lenders, property owners and developers to commercial real estate projects. M&I Mortgage Corp. is a leading Wisconsin residential real estate lender, which provides fast loan approvals and competitive rates to thousands of people every year. M&I Brokerage Services, Inc. is a registered securities broker-dealer, dedicated to developing financial plans tailored to the needs of its retail banking customers. M&I Investment Management Corp. provides financial planning and portfolio management and is the investment advisor for the Marshall Funds, M&I’s family of mutual funds. M&I Support Services Corp. provides technical, administrative and professional support for the company’s affiliates. Its services include loan and deposit account processing and maintenance; item processing; and other banking services. In November 2007, M&I split its technology subsidiary, Metavante Corporation from the company. In January 2008, M&I acquired Indianapolisbased First Indiana Corporation. Employees of the firm are offered medical, dental, vision and life insurance; flexible spending accounts; a 401(k); stock purchase plan; tuition reimbursement; wellness reimbursement; adoption assistance; an employee assistance program; free and discounted banking services; short- and long-term disability; and pre-tax transportation.
BRANDS/DIVISIONS/AFFILIATES: M&I Marshall & Ilsley Bank Metavante Corporation M&I Institutional Real Estate Group M&I Mortgage Corp. M&I Brokerage Services, Inc. M&I Investment Management Corp. Gold Banc Corporation, Inc. First Indiana Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Mark F. Furlong, CEO Mark F. Furlong, Pres. Gregory A. Smith, CFO/Sr. VP Brent J. Kelly, Sr. VP/Dir.-Corp. Mktg. Paul J. Renard, Sr. VP/Dir.-Human Resources Randall J. Erickson, Chief Admin. Officer Randall J. Erickson, General Counsel/Sr. VP Patricia R. Justiliano, Corp. Controller/Sr. VP Beth D. Knickerbocker, Chief Risk Officer/Sr. VP Thomas J. O'Neill, Sr. VP/Pres., M&I Bank FSB Mark R. Hogan, Chief Credit Officer/Sr. VP Ryan R. Deneen, Sr. VP/Dir.-Corp. Tax Dennis J. Kuester, Chmn.
Phone: 414-765-7801 Fax: 414-298-2921 Toll-Free: 888-464-5463 Address: 770 N. Water St., Milwaukee, WI 53202 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $4,398,200 2007 Profits: $ U.S. Stock Ticker: MI 2006 Sales: $5,146,370 2006 Profits: $807,838 Int’l Ticker: Int’l Exchange: 2005 Sales: $3,962,890 2005 Profits: $727,469 Employees: 9,670 2004 Sales: $3,112,300 2004 Profits: $627,100 Fiscal Year Ends: 12/31 2003 Sales: $2,745,721 2003 Profits: $544,105 Parent Company:
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan: Y
Y
Profit Sharing: Y
Top Exec. Salary: $925,000 Second Exec. Salary: $750,000
Bonus: $427,309 Bonus: $316,876
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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MASTERCARD INC
www.mastercard.com
Industry Group Code: 522210 Ranks within this company's industry group: Sales: 4 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 3
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Credit Card Issuer Transaction Processing Services
MasterCard, Inc. is a global payment solutions company that provides services in support of the credit, debit and related payment programs of about 25,000 financial institutions. The company develops and markets payment solutions and process payment transactions; and provides consulting services to customers and merchants. The firm does not issue cards, extend credit to cardholders, determine the interest rate or other fees charged to cardholders by issuers or establish the merchant discount charged by acquirers in connection with the acceptance of cards that carry its brand. MasteCard’s payment programs include consumer programs such as Standard, Gold, Platinum, World and World Elite; corporate payment solutions, including corporate cards, corporate executive cards, corporate purchasing cards and fleet cards; and stored value programs, including prepaid programs, Mondex Card and MasterCard travelers checks. MasterCard manages payment card brands that include MasterCard, MasterCard Electronic, Maestro and Cirrus. The company’s customers are the financial institutions that act as issuers and acquirers. MasterCard generates revenues from the fees that it charges customers for providing these transaction processing and other paymentrelated services and by assessing its customers based on the dollar volume of activity on the cards that carry its brands. MasterCard’s credit and debit cards are accepted at more than 25.9 million locations in 210 countries worldwide. The World Elite MasterCard, a card platform for elite affluent consumers, small businesses and executives of large corporations, offers personalized travel agency benefits provided through a strategic alliance with Virtuoso, a luxury travel network. The company offers its employees medical, dental and vision insurance; life and AD&D insurance; business travel accident insurance; a shared profit and savings plan; disability insurance; an employee assistance program; education assistance; and tuition reimbursement.
BRANDS/DIVISIONS/AFFILIATES: MasterCard Maestro Cirrus World Elite MasterCard MasterCard Electronic
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert W. Selander, CEO Robert W. Selander, Pres. Martina Hund-Mejean, CFO Lawrence Flanagan, Chief Mktg. Officer Robert Reeg, Pres., Global Tech. Gary J. Flood, Pres., Prod. & Svcs. Michael W. Michl, Chief Admin. Officer Noah J. Hanft, General Counsel/Corp. Sec/Chief Franchise Officer Robert Reeg, Pres., Global Oper. Chris A. McWilton, Pres., Global Accounts Walter M. Macnee, Pres., Global Markets Alan J. Heuer, Vice Chmn. Richard Haythornwaite, Chmn.
Phone: 914-249-2000 Fax: 914-249-4206 Toll-Free: Address: 2000 Purchase St., Purchase, NY 10577 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $4,067,599 2007 Profits: $1,085,886 U.S. Stock Ticker: MA 2006 Sales: $3,326,074 2006 Profits: $50,190 Int’l Ticker: Int’l Exchange: 2005 Sales: $2,937,628 2005 Profits: $266,719 Employees: 5,000 2004 Sales: $2,593,300 2004 Profits: $238,100 Fiscal Year Ends: 12/31 2003 Sales: $2,230,900 2003 Profits: $-385,800 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing: Y
Top Exec. Salary: $900,000 Second Exec. Salary: $750,000
Bonus: $2,242,800 Bonus: $1,990,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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MB FINANCIAL INC
www.mbfinancial.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 118 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 98
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Construction Loans Consumer Loans Insurance Asset Management Trust Services Investment Services
MB Financial, Inc., headquartered in Chicago, Illinois, is a financial holding company with 70 banking offices in the Chicago, Oklahoma City and Philadelphia metropolitan areas. The firm’s primary market is in the Chicago area where it operates 64 banking offices through its lead bank subsidiary, MB Financial Bank, N.A. Through this subsidiary it also operates one office in Philadelphia. MB Financial offers a broad range of financial services primarily to individuals and small and mid-sized businesses, including commercial banking, retail banking and wealth management. MB Financial Bank operates a number of additional subsidiaries: MB Financial Center LLC, which manages real estate owned by MB Financial Bank; MB Financial Community Development Corporation, which engages in community lending and equity investments to facilitate the construction and rehabilitation of housing in low and moderate neighborhoods; and LaSalle Systems Leasing, Inc., which focuses primarily on leasing technology-related equipment to mid-sized and large businesses throughout the U.S. Vision Investment Services, Inc., another wholly-owned subsidiary, is a securities brokerage firm and a licensed insurance agency. Vision has two subsidiaries: Vision Insurance Services, Inc. and Vision Asset Management, Inc. In November 2008, MB Financial sold Oklahoma City bank, Union Bank, N.A. to Olney Bancshares of Texas, Inc. in order to concentrate on its businesses in Chicago. Employees of the company receive medical, dental, vision, life and accidental death insurance; a 401(k) plan; a profit sharing plan; flexible spending accounts; disability coverage; tuition reimbursement; an employee sabbatical program; forgivable home loan benefits; an employee wellness fund; backup childcare; relocation assistance; discounted memberships for the Sam’s Club or Costco stores; and memberships for local museums or zoos.
BRANDS/DIVISIONS/AFFILIATES: MB Financial Bank, N.A. MB Finacial Center, LLC MB Financial Community Development Corporation LaSalle Systems Leasing, Inc. Vision Investment Services, Inc. Vision Insurance Services, Inc. Online Resources Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Mitchell Feiger, CEO Mitchell Feiger, Pres. Jill E. York, CFO/VP Larry Kallembach, CIO/Sr. VP Rosemarie Bouman, Exec. VP-Admin. Thomas D. Panos, Chief Commercial Banking Officer Burton J. Field, VP/Pres., Lease banking Susan Peterson, Chief Retail Banking Officer Brian Wildman, Sr. VP-Wealth Management Thomas H. Harvey, Chmn.
Phone: 312-421-7600 Fax: 312-633-0337 Toll-Free: 888-422-6562 Address: 801 W. Madison St., Chicago, IL 60607 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $560,914 2007 Profits: $93,863 U.S. Stock Ticker: MBFI 2006 Sales: $471,909 2006 Profits: $67,114 Int’l Ticker: Int’l Exchange: 2005 Sales: $357,864 2005 Profits: $66,368 Employees: 1,282 2004 Sales: $295,136 2004 Profits: $64,429 Fiscal Year Ends: 12/31 2003 Sales: $271,999 2003 Profits: $53,392 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing: Y
Top Exec. Salary: $600,000 Second Exec. Salary: $538,077
Bonus: $343,200 Bonus: $227,500
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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MBIA INC
www.mbia.com
Industry Group Code: 524126B Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 5
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Financial Guaranty Investment Management Services Credit Protection
MBIA, Inc. provides financial guarantee insurance and investment management services to public finance and structured finance issuers, investors and capital market participants on a global basis. The company has offices in New York, San Francisco, Milan, Paris, London, Madrid, Sydney and Tokyo. Through its subsidiary, MBIA Corp, the firm insures financial obligations which are sold in the new issue and secondary markets. It also provides financial guarantees for debt service reserve funds. The company conducts its financial guaranty business through its whollyowned subsidiary MBIA Insurance Corp. and provides investment management products and financial services through its wholly-owned subsidiary MBIA Asset Management, LLC. MBIA Insurance guarantees municipal bonds; structured finance and asset-backed obligations; payments due under credit and other derivates; privately issued bonds used for the financing of public purpose projects; and obligations of sovereign and sub-sovereign issuers. MBIA Asset provides an array of products and services to the public, not-for-profit and corporate sectors. These products and services include cash management; discretionary asset management and fund administration services and investment agreement; medium-term note; and commercial paper programs related to funding assets for third-party clients and for investment purposes.
BRANDS/DIVISIONS/AFFILIATES: MBIA Insurance Corp MBIA Asset Management LLC MBIA MuniServices Co MBIA Corp
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Joseph W. Brown Jr., CEO Gary C. Dunton, Pres. C. Edward Chaplin, CFO Kevin D. Silva, Chief Admin. Officer Ram D. Wertheim, General Counsel Greg Diamond, Investor Rel. Fred C. Pastore, Treas. Clifford D. Corso, Chief Investment Officer William C. Fallon, Head-Global Public Finance Mitchell I. Sonkin, Head-Insured Portfolio Mgmt. Ruth M. Whaley, Chief Risk Officer Joseph W. Brown Jr., Chmn. Christopher E. Weeks, Head-Int'l
Phone: 914-273-4545 Fax: 914-765-3177 Toll-Free: Address: 113 King St., Armonk, NY 10504 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $3,122,422 2007 Profits: $-1,921,948 U.S. Stock Ticker: MBI 2006 Sales: $2,688,843 2006 Profits: $819,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $2,300,507 2005 Profits: $710,986 Employees: 486 2004 Sales: $2,054,940 2004 Profits: $843,046 Fiscal Year Ends: 12/31 2003 Sales: $1,470,800 2003 Profits: $813,600 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $960,000 Second Exec. Salary: $500,000
Bonus: $1,017,600 Bonus: $300,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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MEDALLION FINANCIAL CORP
www.medallionfinancial.com
Industry Group Code: 522220A Ranks within this company's industry group: Sales: 5 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 4
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Automobile Financing Small Business Loans Personal Loans
Medallion Financial Corp. specializes in originating, acquiring and servicing loans used in niche markets and businesses, especially the acquisition of taxicab medallions, or licenses. The company operates through three primary subsidiaries: Medallion Funding Corp., a small business investment company serving as the primary taxicab lending firm; Medallion Capital, which conducts a mezzanine finance business; and Freshstart Venture Capital Corp., which originates and services taxicab medallion and commercial laons. Approximately 76% of the firm’s medallion loans are based in New York, where taxi medallions often sell for more than $225,000 each, and have reached prices as high as $600,000 in recent years. Outside of New York, Medallion finances taxi licensing in Boston, Newark, Cambridge and Chicago. In total, taxi medallion loans accounted for approximately 80% of the firm’s net investment portfolio during 2007. Medallion Bank, another company subsidiary, originates taxicab medallion loans as well as other commercial and consumer loans typically used to acquire boats, recreational vehicles or horse trailers; and it raises deposits and conducts other banking activities. In July 2008, Medallion Bank purchased $29.1 million worth of taxicab medallion loans from Elk Associates Funding Corp.; additionally, Freshstart Venture purchased approximately $2 million of small business loans from Elk Associates.
BRANDS/DIVISIONS/AFFILIATES: Medallion Funding Corp. Freshstart Venture Capital Corp. Medallion Capital, Inc. Medallion Business Credit, LLC Medallion Capital, Inc. Medallion Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Alvin Murstein, CEO Brian S. O'Leary, COO/Chief Credit Officer Andrew M. Murstein, Pres. Larry D. Hall, CFO/Sr. VP Jeffrey Yin, General Counsel/Chief Compliance Officer Michael J. Kowalsky, Exec. VP John M. Taggart, CEO-Medallion Bank Gerald J. Grossman, Pres., Medallion Business Credit, LLC Paul Meyering, Pres., Medallion Capital, Inc. Alvin Murstein, Chmn.
Phone: 212-328-2100 Fax: 212-328-2121 Toll-Free: 877-633-2554 Address: 437 Madison Ave., New York, NY 10022 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $53,837 2007 Profits: $15,436 U.S. Stock Ticker: TAXI 2006 Sales: $52,816 2006 Profits: $13,108 Int’l Ticker: Int’l Exchange: 2005 Sales: $61,054 2005 Profits: $6,862 Employees: 118 2004 Sales: $59,709 2004 Profits: $22,512 Fiscal Year Ends: 12/31 2003 Sales: $42,198 2003 Profits: $2,018 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $529,163 Second Exec. Salary: $457,878
Bonus: $860,000 Bonus: $300,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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MERCEDES-BENZ CREDIT CORPORATION www.mercedesbenzfinancial.com Industry Group Code: 522220 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Vehicle Leasing & Financing Financing
Mercedes-Benz Credit Corporation (MBCC) is a financing company and a former subsidiary of DaimlerChrysler Financial Services AG and a part of DaimlerChrysler Services North America, LLC. With the 2007 split of the DaimlerChrysler entity, MBCC in turn separated from other members of DaimlerChrysler Financial Services AG and is now a subsidiary of Daimler AG. MBCC is a full-service automotive financing company that exclusively serves Mercedes-Benz dealers and their customers. The company serves more than 380,000 customers through approximately 100 offices in 39 countries. Its clients are given comprehensive finance packages custom designed for individual needs. MBCC offers two distinctive financing options, including the company’s First Class Financing for customers who want to finance and buy a vehicle; First Class Lease for those who would like to lease a vehicle; and the First Class Finish lease-end product. Through the company’s website, customers can apply for credit online, use and estimator to approximate several lease and financing options, listen to a podcast of MBCC news, check account information and make payments online. The company also offers a Mercedes-Benz Visa card that allows customers to earn points that can be used toward purchasing Mercedes-Benz merchandise or vehicle payments. In April 2008, Daimler Financial Services announced plans to expand its current Westlake, Texas Customer Service, Collections and Remarketing center of Mercedes-Benz Financial to include a similar structure for Daimler Truck Financial. As a result, employees will be moving into a new three-story, 160,000 square-foot facility near Ft. Worth, Texas.
BRANDS/DIVISIONS/AFFILIATES: Mercedes-Benz Visa Mercedes-Benz Financial Services Canada Daimler AG Daimler Financial Services First Class Lease First Class Financing First Class Finish
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Christopher Keafer, VP-Mktg. Jack Ferry, Mgr.-Media Rel., Daimler Financial Svcs. Klaus Entenmann, CEO/Pres., Daimler Financial Svcs. Americas James Ryan, Dir.-Corp. Comm. & Mktg., Daimler Financial Svcs.
Phone: Fax: Toll-Free: 800-654-6222 Address: P.O. Box 685, Roanoke, TX 76262 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 3,200 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company: DAIMLER AG
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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MERIDIAN CAPITAL GROUP LLC
www.meridiancapital.com
Industry Group Code: 522310 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Commercial Mortgage Broker Commercial Financing
Meridian Capital Group, LLC is one of the largest commercial mortgage brokerage firms in the U.S. The company offers a full range of loan products, including all of the major loan types: fixed rate, floating rate, mezzanine, bridge, construction, forward commitment and renovation/repositioning. The firm works exclusively in jumbo loans; its loans range from $500,000 to over $500 million. The company initiates over 25 transactions weekly, with over 2,350 transactions in 2007. Meridian Capital works with a variety of financial institutions, including regional banks, Wall Street mortgage conduits, insurance companies and bridge and mezzanine lenders. The firm is a leading broker of small commercial mortgage loans, while its capital markets/large loan group works with key Wall Street and bank commercial mortgage conduits in order to provide loans to large corporations. Meridian Capital’s mezzanine finance group provides partnership debt, preferred equity and B-note structure, while the construction finance group helps finance new construction or redevelopment through a combination of non-recourse, high loan-to-cost ratios, smooth relations with large banks and a simple, understandable construction draw process. Customers use the company’s loans to finance commercial projects, including multi-family, co-op, hotels, office, self-storage, retail, industrial and mixed-use properties.
BRANDS/DIVISIONS/AFFILIATES:
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Ralph Herzka, CEO Ralph Herzka, Pres. Aaron Birnbaum, Exec. VP-Capital Markets Div. Avi Weinstock, Exec. VP-Banking Rel. Jeff Weinberg, Exec. VP-New York Multi-Family Market Howard J. Zuckerman, Vice Chmn. Alan Fishman, Co-Chmn.
Phone: 212-972-3600 Fax: 212-612-0100 Toll-Free: 800-769-3325 Address: 1 Battery Park Plaza, New York, NY 10004 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Private 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 200 2004 Sales: $11,900,000 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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MERRILL LYNCH CREDIT CORPORATION Industry Group Code: 522310 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
mlcc.ml.com
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages & Home Equity Broker
Merrill Lynch Credit Corp. (MLCC), a wholly-owned subsidiary of Merrill Lynch & Co., Inc., provides home financing to homeowners and homebuyers. The company’s mortgage products include adjustable-rate mortgages, which take advantage of potentially lower interest rates; fixed-toadjustable-rate mortgages, a 30-year fixed-to-adjustable-rate mortgage (ARM) with an initial fixed-rate period of two, three, five, seven, 10 or 12 years; blended-rate mortgages, an ARM that combines a fixed rate and an adjustable rate during the first three, five or seven years; fixed-rate mortgages, a set monthly payment for a minimum of 15 years; flexible first, a first mortgage combined with a home equity credit line; a construction-to-permanent program, which converts easily from a construction loan to permanent financing; and a foreign national program, a home financing solution for nonU.S. residents. In addition, MLCC provides home equity loans or lines of credit, including Equity Access and Flexible First. Other services include financing up to 100% of the value of a home; refinancing; interest-only payments; rate lock or rate protection; debit payments; pre-approval letters; and the Realty Advisory Services Program, a complimentary program for Merrill Lynch clients offered through Cendant Mobility Services Corp.
BRANDS/DIVISIONS/AFFILIATES: Merrill Lynch & Co Inc Realty Advisory Services Program Equity Access Flexible First Realty Advisory Services Program
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Lawrence Washington, CEO Bob Bodell, Dir.-Nat'l Sales Brenda Brendle, Dir.-Oper., Underwriting & Loan Scenarios Lawrence Washington, Chmn.
Phone: 904-218-6000 Fax: Toll-Free: 866-275-6522 Address: 4804 Deer Lake Dr. E., 5th Floor, Jacksonville, FL 32246-6484 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 2003 Sales: $ 2003 Profits: $ Parent Company: MERRILL LYNCH & CO INC
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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METAVANTE CORPORATION
www.metavante.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Financial Software & Technology Payment & Transaction Processing Solutions Online Banking Services Customer Relationship Management Systems Consulting Services
Metavante Corporation is a financial services technology provider. In November 2007, its parent company Marshall & Ilsey Corp. (M&I), divided M&I and Metavante Corporation into two independent public companies. As a result of the division, Metavante Technologies, Inc. was created as the holding company for Metavante Corporation. An affiliate of Warburg Pincus, a global private equity investor, acquired 25% of Metavante Technologies for $625 million, while M&I retained control of the remaining 75%. Metavante Corporation serves over 8,000 clients, including 97 of the largest U.S. banks. Its technology drives services covering customer relationship management (CRM), electronic funds transfer (EFT), check processing, electronic presentment and payment transactions, Metavante’s NYCE Payment Network (an ATM/PIN debit network) and account processing for deposit, loan and trust systems. The company operates in two segments: Financial Solutions Group (FSG), accounting for 40% of 2007 revenues; and Payment Solutions Group (PSG), 60%. FSG contains seven divisions: Banking, focusing on customer information systems and account management, especially for deposit and loan accounts; commercial treasury, offering cash and investment management technology and outsourcing services; eBanking, focusing on self-service systems and sales and service channels; risk and compliance; sales and service, a CRM service provider; and wealth management. PSG contains six divisions: Acquiring, offering various card services including ATM driving, biller-direct payments and government payments; issuing, focusing of EFT and card processing; image, mainly covering paper document digitalization; payment network, largely comprising services for the NYCE Payment Network; ePayment, handling millions of transactions monthly; and healthcare payment. In November 2007, Metavante and Monitise Americas, LLC, which specializes in mobile banking, launched a secure mobile phone banking service compatible with the NYCE Payment Network. Employees of Metavante receive flexible spending accounts, tuition reimbursement, adoption assistance, an employee assistance plan, a continuing education program and dental, vision and life insurance.
BRANDS/DIVISIONS/AFFILIATES: Metavante Technologies, Inc. Marshall & Ilsey Corp Warburg Pincus LLC NYCE Payment Network Monitise Americas, LLC
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Frank R. Martire, CEO Michael D. Hayford, COO/Sr. Exec. VP Frank R. Martire, Pres. Timothy C. Oliver, CFO/Sr. Exec. VP Debra Bronder, Exec. VP-Human Resources Gary A. Refinski, CIO/Exec. VP Donald W. Layden, Jr., General Counsel/Sec./Sr. Exec. VP Norrie J. Daroga, Exec. VP-Bus. Dev. Chip Swearngan, Media Rel. Contact Kirk Larsen, Investor Rel. Contact Kenneth F. Best, Chief Acct. Officer/VP Frank G. D'Angelo, Sr. Exec. VP/Pres., Payment Solutions Group Jamie R. Geschke, Exec. VP/Pres., Financial Solutions Group Steven A. Rathgaber, Exec. VP/COO-NYCE Payments Network Jim Bolton, Sr. Exec. VP/Pres., Enterprise Solutions Group Dennis J. Kuester, Chmn. Donald W. Layden, Jr., Group Pres., Metavante Int'l Group
Phone: 414-357-2290 Fax: 414-357-9896 Toll-Free: 800-822-6758 Address: 4900 W. Brown Deer Rd., Milwaukee, WI 53223 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: MV 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $1,246,600 2005 Profits: $124,400 Employees: 5,500 2004 Sales: $954,200 2004 Profits: $80,400 Fiscal Year Ends: 12/31 2003 Sales: $726,700 2003 Profits: $54,100 Parent Company: MARSHALL & ILSLEY CORP
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y Y
Profit Sharing: Y
Top Exec. Salary: $570,833 Second Exec. Salary: $462,500
Bonus: $1,144,136 Bonus: $854,593
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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MGIC INVESTMENT CORP
www.mgic.com
Industry Group Code: 524126B Ranks within this company's industry group: Sales: 2 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 4
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance-Financial Guaranty Insurance-Mortgage Customer Relationship Management Online Mortgage Services Specialty Consumer Debt Servicing
MGIC Investment Corporation is a holding company for Mortgage Guaranty Insurance Corporation (MGIC), a leading provider of private mortgage insurance coverage in the U.S. Its customers include mortgage bankers, savings institutions, commercial banks, mortgage brokers, credit unions and other lenders. MGIC is licensed in all 50 states, Washington, D.C., Puerto Rico and Guam. The company has more than $211 billion in insurance-in-force. MGIC Investor Services Corp. (MISC) provides mortgage credit and prepayment risk analytics to lenders. Through MISC, lenders can also utilize the company’s capital markets expertise for purposes such as due diligence, portfolio analysis, originator-wholesaler matchmaking and servicing rights brokering. MGIC also operates eMagic.com LLC, a mortgage origination web site that facilitates business-to-business operations by offering mortgage industry-specific products and services, work flow/processing tools, and access to information and resources. Another subsidiary is Myers Internet, Inc., which provides web hosting, back office services and lead generations solutions to real estate agents and mortgage originators. The company also has ownership interests in less than majority-owned joint ventures, principally Sherman Financial Group LLC. Sherman is engaged in purchasing and collecting delinquent consumer assets and in originating and servicing subprime credit card receivables. In July 2007, Credit-Based Asset Servicing and Securitization LLC (CBASS), engaged in the business of investing in the credit risk of credit sensitive single-family residential mortgages, acquired Fieldstone Investment Corporation, a mortgage banking company. In 2007, C-BASS ceased its operations and is managing its portfolio pursuant to a consensual, nonbankruptcy restructuring. In September 2007, MGIC sold part of its share in Sherman Financial Group LLC, amounting to 16% of Sherman’s equity.
BRANDS/DIVISIONS/AFFILIATES: Mortgage Guaranty Insurance Corporation MGIC Investor Services Corp. eMagic.com LLC Credit-Based Asset Srvcing and Securitization LLC Sherman Financial Group, LLC Myers Internet, Inc. Fieldstone Investment Corporation C-BASS
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Curt S. Culver, CEO Patrick Sinks, COO Patrick Sinks, Pres. J. Michael Lauer, CFO/Exec. VP Jeffrey H. Lane, General Counsel/Sr. VP/Sec. James Karpowicz, Treas./Chief Investment Officer Lawrence J. Pierzchalski, Exec. VP-Risk Management Joseph Komanecki, Chief Acct. Officer/Controller Curt S. Culver, Chmn.
Phone: 414-347-6480 Fax: 888-601-4440 Toll-Free: 800-558-9900 Address: 250 E. Kilbourn Ave., Milwaukee, WI 53202 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,693,206 2007 Profits: $-1,670,018 U.S. Stock Ticker: MTG 2006 Sales: $1,469,169 2006 Profits: $564,739 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,526,530 2005 Profits: $626,873 Employees: 1,250 2004 Sales: $1,612,693 2004 Profits: $553,186 Fiscal Year Ends: 12/31 2003 Sales: $1,777,408 2003 Profits: $493,879 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing: Y
Top Exec. Salary: $821,923 Second Exec. Salary: $479,615
Bonus: $480,000 Bonus: $209,250
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
Plunkett Research, Ltd.
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MIDLAND FINANCIAL CO
www.midfirst.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Trust Services Investment Services Consumer & Business Loans Mortgages
Midland Financial Company is the holding company for MidFirst Bank, a leading privately-held bank in the U.S. The firm offers a range of commercial, trust, private banking, personal banking and mortgage banking products and services, specializing in commercial real estate lending. The company operates over 40 banking centers and 140 ATMs, with its primary operations in Oklahoma and Phoenix, Arizona. It also has commercial real estate lending operations in Houston, Chicago, New York, Southern California and an affiliate in Denver. MidFirst has more than $11 billion in assets and over $750 million in equity and reserves. It provides telephone and online banking services to its customers 24 hours a day. Personal banking products and services offered by the firm include checking and savings accounts; CDs and IRA accounts; personal loans; mortgage financing; and credit cards. MidFirst serves business customers with checking and savings accounts; business loans; and credit cards. The firm also offers wealth management and trust administration services through subsidiary MidFirst Trust Company. Subsidiary MidFirst Investment Services offers stocks and bonds; mutual funds; tax-deferred annuities; and life, disability and long term care insurance. Midland offers its employees educational assistance, an employee assistance program, a wellness program, flexible spending accounts and medical, dental, life and disability insurance.
BRANDS/DIVISIONS/AFFILIATES: MidFirst Bank MidFirst Trust Company MidFirst Investment Services
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. G. Jeffrey Records, Jr., CEO Garland W. Wilkinson, COO/Exec. VP Robert F. Dilg, Jr., Pres. Todd A. Dobson, CFO/Exec. VP Tim Schneider, CIO/Sr. VP-IT Thom Meyer, Sr. VP-Lending Admin. Kevin Hawkins, Mgr.-Mortgage Originations, MidFirst Mortgage Larry Wilson, VP/Dir.-Telecomm. Randy Peck, Exec. VP-Private Banking Scot Williams, Sr. VP-Tulsa Private Banking G. Jeffrey Records, Jr., Chmn.
Phone: 405-747-7600 Fax: 405-767-5426 Toll-Free: 888-643-3477 Address: 501 NW Grand Blvd., Oklahoma City, OK 73118-6054 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Private 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 925 2004 Sales: $732,300 2004 Profits: $371,900 Fiscal Year Ends: 12/31 2003 Sales: $766,000 2003 Profits: $352,600 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing: Y
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
Plunkett Research, Ltd.
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MITSUBISHI UFJ FINANCIAL GROUP (MUFJ) Industry Group Code: 522110 Ranks within this company's industry group: Sales: 19 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
www.mufg.jp
Profits: 23
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Credit Card Issuing Financing--Business Finance--Consumer Asset Management Real Estate Brokerage IT Management Consulting
Mitsubishi UFJ Financial Group, Inc. (MUFJ), based in Tokyo, is one of the largest and most diversified financial groups in the world, with total assets of over $1.89 trillion. The firm was formed through the conglomeration of Mitsubishi Tokyo Financial Group and the Osaka-based UFJ Group, and so is currently undergoing significant restructuring. Following the creation of Mitsubishi UFJ NICOS Co., Ltd. and Mitsubishi UFJ Lease & Finance Company Limited in April 2007, the group has comprised five primary operating companies, including Bank of TokyoMitsubishi UFJ (BTMU); Mitsubishi UFJ Trust and Banking (MUTB); and Mitsubishi UFJ Securities (MUS). Its combined services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and various other fields of financial services. MUFJ also has an overseas network that spans more than 40 countries and includes UnionBanCal Corporation, an American affiliate with 336 branch locations that was acquired in September 2008. The company’s total network includes over 2,000 branch offices around the world, more than 26,400 ATMs, Tokyo-Mitsubishi UFJ Direct banking, the BTMU Telebank video conferencing counters and mail order. In Tokyo, Nagoya and Osaka the company operates MUFG Plazas, which function as an integrated commercial bank, trust bank and securities service center. Other subsidiaries include investment trusts and asset management firms, such as Mitsubishi UFJ Asset Management, MU Investment, Kokusai Asset Management and the Master Trust Bank of Japan; consumer finance and credit companies, like UFJ Nicos and ACOM; leasing firms; IT companies; real estate brokerages; venture capital firms; and consulting offices. In September 2008, the company and its BTMU subsidiary acquired UnionBanCal Corporation. In October 2008, MUFJ acquired roughly 21% of Morgan Stanley in a deal worth $9 billion.
BRANDS/DIVISIONS/AFFILIATES: Mitsubishi Tokyo Financial Group UFJ Group UFJ NICOS Co., Ltd. Morgan Stanley Bank of Tokyo-Mitsubishi UFJ Mitsubishi UFJ Trust and Banking Mitsubishi UFJ Securities UnionBanCal Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Nobuo Kuroyanagi, CEO Nobuo Kuroyanagi, Pres. Haruya Uehara, Deputy Chmn. Saburo Sano, Sr. Managing Dir. Toshihide Mizuno, Sr. Managing Dir. Hiroshi Saito, Sr. Managing Dir. Ryosuke Tamakoshi, Chmn.
Phone: 81-3-3240-8111 Fax: 81-3-3240-8203 Toll-Free: Address: 7-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo, 1008330 Japan
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $51,701,667 2007 Profits: $4,940,948 U.S. Stock Ticker: MTU 2006 Sales: $33,323,300 2006 Profits: $3,089,800 Int’l Ticker: 8306 Int’l Exchange: Tokyo-TSE 2005 Sales: $23,107,800 2005 Profits: $3,860,900 Employees: 78,282 2004 Sales: $25,921,600 2004 Profits: $7,811,400 Fiscal Year Ends: 3/31 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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MIZUHO FINANCIAL GROUP INC
www.mizuho-fg.co.jp
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 25 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 22
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Banking-Global Trust & Asset Management Services Investment Banking Financial Research Information & Technology Research Venture Capital
Mizuho Financial Group, Inc. (MFG) is one of the largest financial institutions in the world and the holding company for Mizuho Holdings, Inc., an intermediate holding company for the firm’s banking and securities subsidiaries, trust and asset management subsidiaries and other strategic subsidiaries. The company is aligned into three operating segments: global corporate; global retail; and global asset and wealth management. The global corporate group contains Mizuho Corporate Bank, Ltd., and its subsidiary, Mizuho Securities Co., Ltd. Mizuho Corporate Bank focuses on serving large corporations, financial institutions, public sector entities and foreign corporations with corporate finance and commercial banking services. These offerings include customer relationship management, loan syndication, leveraged finance, real estate finance and project finance services, cash management, custody, foreign exchange, trade finance and pension-related services and security services. The global retail group includes Mizuho Bank, Ltd., and its various subsidiaries. Mizuho Bank serves individuals, small to medium-sized businesses, middle market corporations and local governments in Japan with various traditional retail banking services such as deposit products, bank debentures and lending services. Its subsidiaries provide wholesale and retail securities, consulting and business promotion services. The global asset and wealth management group includes a number of subsidiaries that provide asset management services to corporate and individual markets, as well as some that specialize in the custody business and wealth management plans. The largest subsidiary in this group is Mizuho Trust & Banking Co., Ltd., which provides private banking and trust products, deposits and loans, securitization services and pension trust and asset management services. In 2007, MFG dissolved its subsidiary Mizuho Preferred Capital (Cayman) 2, Ltd., and the company’s subsidiary Mizuho Capital Co., Ltd., also dissolved two of its subsidiaries. Also, in 2008, Mizuho Capital Co., Ltd. dissolved subsidiary Kogin Investment (3iBJ) No.2 Fund.
BRANDS/DIVISIONS/AFFILIATES: Mizuho Holdings, Inc. Mizuho Corporate Bank, Ltd. Mizuho Capital Co., Ltd. Mizuho Trust & Banking Co., Ltd. Mizuho Securities Co., Ltd. Mizuho Bank, Ltd. Mizuho Preferred Capital (Cayman) 2, Ltd.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Terunobu Maeda, CEO Terunobu Maeda, Pres. Takashi Tsukamoto, CFO Hajime Saito, Chief Human Resources Officer Hiroshi Motoyama, CIO/Head-IT Hiroshi Motoyama, Chief Strategy Officer Masanori Murakami, General Mgr.-Corp. Comm. Takashi Tsukamoto, Managing Dir./Head-Financial Control & Acct. Takashi Tsukamoto, Deputy Pres. Tsuneo Morita, Managing Dir./Head-Internal Audit Group Hajime Saito, Managing Exec. Officer/Head-Risk Mgmt. Hidemi Hiroi, General Mgr.-Group Strategic Planning
Phone: 81-3-5224-1111 Fax: Toll-Free: Address: 2-5-1, Marunouchi, Chiyoda-ku, Tokyo, 100-8333 Japan
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $34,616,500 2007 Profits: $5,303,000 U.S. Stock Ticker: 2006 Sales: $31,771,232 2006 Profits: $5,532,510 Int’l Ticker: 8411 Int’l Exchange: Tokyo-TSE 2005 Sales: $32,130,700 2005 Profits: $5,833,400 Employees: 22,827 2004 Sales: $31,644,400 2004 Profits: $3,852,500 Fiscal Year Ends: 3/31 2003 Sales: $28,718,500 2003 Profits: $-19,835,100 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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MOODY'S CORPORATION
www.moodys.com
Industry Group Code: 561450 Ranks within this company's industry group: Sales: 2 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Credit Bureau Credit Risk Assessment Products & Services Credit Processing Software Credit Training Services
Moody’s Corp. is a provider of credit ratings, research and analysis covering fixed income securities, other debt instruments and the entities that issue such instruments in the global capital markets. It also offers credit training services and quantitative credit risk assessment products and services; and credit processing software for banks, corporations and investors in credit-sensitive assets. The company maintains offices in 27 countries. Moody’s operates in two segments: Moody’s Investors Service and Moody’s Analytics. Moody’s Investors Service publishes rating opinions on a broad range of credit obligors and credit obligations issued in domestic and international markets, including various corporate and governmental obligations; structured finance securities; and commercial paper programs. It also publishes investor-oriented credit information, research and economic commentary, including in-depth research on major debt issuers, industry studies, special comments and credit opinion handbooks. Moody’s Investors Service provides ratings and credit research on governmental and commercial entities in more than 100 countries. The Moody’s Analytics encompasses Moody’s KMV and Moody’s Economy.com. Moody’s KMV offers credit risk assessment products and services and credit processing software for banks, corporations and investors in credit-sensitive assets. Moody’s KMV serves more than 1,700 clients in 85 countries. Moody’s has ratings relationships with more than 12,000 companies and more than 29,000 public finance issuers. Additionally, the company has rated more than 96,000 structured finance obligations. Ratings are disseminated via press releases to the public through a variety of print and electronic media, including the Internet and real-time information systems used by securities traders and investors. In October 2008, Moody’s Corp. acquired Brussels-based Fermat International, a provider of risk and performance management software to the global banking sector.
BRANDS/DIVISIONS/AFFILIATES: Moody’s Investors Service Moody’s KMV Moody's Economy.com
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Raymond W. McDaniel, Jr., CEO Michel Madelain, COO Linda S. Huber, CFO/Exec. VP Andrew J. Kriegler, Chief Human Resources Officer/Sr. VP Perry Rotella, CIO/Sr. VP John J. Goggins, General Counsel/Sr. VP Jeffrey Hare, VP-Corp. Planning Frances G. Laserson, VP-Corp. Comm. Lisa S. Westlake, VP-Investor Rel. Jay McCabe, Corp. Controller/Sr. VP Jeanne Dering, Exec. VP-Global Regulatory Affairs & Compliance Carlton Charles, Treas./VP Philip Braverman, VP-Global Tax Jane B. Clark, Corp. Sec. Raymond W. McDaniel, Jr., Chmn.
Phone: 212-553-0300 Fax: 212-553-4820 Toll-Free: Address: 99 Church St., New York, NY 10007 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $2,300,000 2007 Profits: $701,500 U.S. Stock Ticker: MCO 2006 Sales: $2,037,100 2006 Profits: $753,900 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,731,600 2005 Profits: $560,800 Employees: 3,500 2004 Sales: $1,438,300 2004 Profits: $425,100 Fiscal Year Ends: 12/31 2003 Sales: $1,246,600 2003 Profits: $363,900 Parent Company:
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan:
Y
Profit Sharing:
Top Exec. Salary: $936,000 Second Exec. Salary: $580,467
Bonus: $1,051,000 Bonus: $431,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
Plunkett Research, Ltd.
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MORGAN STANLEY
www.morganstanley.com
Industry Group Code: 523110 Ranks within this company's industry group: Sales: 2 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 2
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Stock Brokerage/Investment Banking Institutional Securities Wealth Management Asset Management Bank Holding Company
Morgan Stanley is a global financial services firm with over $739 billion assets under management and over 600 offices in 30 countries. Morgan Stanley provides a wide variety of products and services to a large and diversified group of clients and customers, including corporations, governments, financial institutions and individuals. The firm operates in three business segments: Institutional Securities, Global Wealth Management Group and Asset Management. The Institutional Securities division incorporates activities such as capital raising; financial advisory services, including advice on mergers and acquisitions, restructurings, real estate and project finance; corporate lending; sales, trading, financing and market-making activities in equity and fixed income securities and related products, including foreign exchange and commodities; benchmark indices and risk management analytics; research; and investment activities. The Global Wealth Management Group provides brokerage and investment advisory services covering various investment alternatives; financial and wealth planning services; annuity and other insurance products; credit and other lending products; cash management services; retirement services; and trust and fiduciary services. The Asset Management division provides global asset management products and services in equity, fixed income, alternative investments, which includes hedge funds and funds of funds, and merchant banking, which includes real estate, private equity and infrastructure, to institutional and retail clients through proprietary and third-party distribution channels. The division also engages in investment activities. In 2008, institutional securities accounted for approximately 73% of revenue; global wealth management accounted for roughly 19%; and asset management, 8%. In June 2007, the company completed the spin-off of its Discover Financial Services business segment. In September 2008, the firm elected to become a bank holding company. It will transition to a business model that is more regulated, uses less leverage and may attract more retail deposits. In October 2008, Mitsubishi UFJ Financial Group, Inc. acquired roughly 21% of Morgan Stanley in a deal worth $9 billion.
BRANDS/DIVISIONS/AFFILIATES: Morgan Stanley Private Equity Discover Financial Services Heidmar Group CityMortgage Bank Saxon Capital, Inc. FrontPoint Partners Tops Market, LLC Mitsubishi UFJ Financial Group Inc
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John J. Mack, CEO Walid Chammah, Co-Pres. Colm Kelleher, CFO/Exec. VP Karen Jamesley, Global Head-Human Resources Juan-Luis Perez, Global Dir.-Research Thomas Nides, Chief Admin. Officer/Sec. Gary G. Lynch, Chief Legal Officer Colm Kelleher, Co-Head-Strategic Planning James P. Gorman, Co-Pres. Ellyn A. McColgan, Pres./COO-Global Wealth Mgmt. Group Thomas Daula, Chief Risk Officer Owen D. Thomas, Pres., Investment Mgmt. John J. Mack, Chmn. Colin Bryce, European Head-Institutional Sales & Trading Stefano Corsi, Global Head-Distribution
Phone: 212-761-4000 Fax: 212-762-8131 Toll-Free: Address: 1585 Broadway, New York, NY 10036 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $28,026,000 2007 Profits: $3,209,000 U.S. Stock Ticker: MS 2006 Sales: $29,839,000 2006 Profits: $7,472,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $23,525,000 2005 Profits: $4,939,000 Employees: 48,256 2004 Sales: $23,708,000 2004 Profits: $4,486,000 Fiscal Year Ends: 11/30 2003 Sales: $20,817,000 2003 Profits: $3,787,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $800,000 Second Exec. Salary: $500,000
Bonus: $ Bonus: $10,325,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
Plunkett Research, Ltd.
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MUNICIPAL MORTGAGE & EQUITY
www.munimae.com
Industry Group Code: 522310 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards: Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages Real Estate Services
Municipal Mortgage and Equity (MuniMae) is a diverse real estate and clean energy finance and investment management company offering debt and equity financing solutions to developers and owners of real estate and clean energy investments. The company also offers investment advisory services to its investor clients. MuniMae’s portfolio consists of multifamily debt, equity and other real estate investments, and its assets under management exceed $20.5 billion, including investments in 3,000 multifamily properties in 49 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The company acts through its principal operating subsidiaries: MMA Financial, Inc., MMA Realty Capital and MMA Renewable Ventures. Through MMA Financial, the company offers debt and equity lending and investment solutions for multifamily housing, as well as seniors and student housing. MMA Financial offers construction loans, permanent financing, forward commitments and low-income tax credit equity. MMA Realty Capital offers various debt financing programs and equity investment management programs to the office, hotel, retail, medical and industrial properties markets. MMA Realty Capital offers permanent debt, construction loans, mezzanine investments and B-Notes, CMBS and private equity and investment advisory services. MMA Renewable Ventures provides debt and equity solutions for building facilities that generate solar, wind and other renewable energy. In September 2007, the company acquired environmental land business SLF Management, LLC, also known as the Sustainable Land Fund. MuniMae offers its employees longevity rewards, an employee assistance program, tuition reimbursement, a 401(k) plan, paternity/maternity leave and medical, dental and vision insurance.
BRANDS/DIVISIONS/AFFILIATES: MuniMae MMA Financial, Inc. MMA Realty Capital SLF Management, LLC MMA Renewable Ventures
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael L. Falcone, CEO Charles M. Pinckney, COO Michael L. Falcone, Pres. David Kay, CFO Stephen A. Goldberg, General Counsel Frank G. Creamer, Jr., Exec. VP-Bus. Dev., Capital Partner Rel. Gary A. Mentesana, Exec. VP/Head-MMA Financial Matt Cheney, CEO-MMA Renewable Ventures Earl W. Cole, Exec. VP-Corp. Credit & Portfolio Mgmt. Jenny Netzer, Exec. VP-MMA Renewable Ventures Mark K. Joseph, Chmn.
Phone: 443-263-2900 Fax: 410-727-5387 Toll-Free: Address: 621 E. Pratt St., Ste. 300, Baltimore, MD 21202 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: MMAB 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $306,554 2005 Profits: $85,791 Employees: 433 2004 Sales: $252,959 2004 Profits: $50,926 Fiscal Year Ends: 12/31 2003 Sales: $171,967 2003 Profits: $72,495 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y Y
Profit Sharing:
Top Exec. Salary: $423,077 Second Exec. Salary: $313,573
Bonus: $600,000 Bonus: $525,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
Plunkett Research, Ltd.
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NATIONAL AUSTRALIA BANK LTD
www.nabgroup.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 23 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 30
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Asset Financing Wealth Management Corporate Banking
National Australia Bank Ltd. (NAB) is an international financial services group with more than 7.7 million banking and 2.4 million wealth management customers. It operates through five businesses, four of which are regional: Australia, United Kingdom, New Zealand, Americas and nabCapital. Although the Australia business mainly offers business, private and retail banking services in Australia, it also operates in Asia, the Americas, the U.K. and New Zealand. In all, it has 180 business banking centers, 110 agribusiness locations and 800 retail branches. This business also offers wealth management service through MLC, which manages $68.14 billion in assets for its retail and corporate customers. The United Kingdom business operates through two firms: Clydesdale Bank, with 150 branches, and Yorkshire Bank, with 190 branches and 22 Financial Solutions centers. The New Zealand business operates through the Bank of New Zealand (BNZ), with 180 outlets serving 1.1 million customers. The Americas business operates through Great Western Bank, which has 100 locations in six U.S. states. Lastly, the nabCapital business, formerly Institutional Markets & Services, works with the firm’s regional businesses, offering funding, investment products and risk management services. In March 2008, NAB sold its Commercial Fleet vehicle leasing business to Super Group Australia Pty Limited for $342 million. In June 2008, the company acquired Great Western Bancorporation, the holding firm for Great Western Bank, for $798 million.
BRANDS/DIVISIONS/AFFILIATES: MLC Yorkshire Bank Clydesdale Bank Bank of New Zealand Great Western Bank Great Western Bancorporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Cameron Clyne, CEO Mark Joiner, CFO George Frazis, Exec. Gen. Mgr.-Dev. & New Bus. Cameron A. Clyne, CEO-Bank of New Zealand Ahmed Fahour, Exec. Dir./CEO-Australia John E. Hooper, CEO-nabCapital Bruce Munro, Chief Risk Officer Michael A. Chaney, Chmn. Lynne M. Peacock, CEO-UK
Phone: 61-3-8641-0296 Fax: Toll-Free: Address: Level 34, 500 Bourke St., Melbourne, Victoria 3000 Australia
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $38,880,000 2007 Profits: $4,060,000 U.S. Stock Ticker: NAB 2006 Sales: $24,188,800 2006 Profits: $3,160,500 Int’l Ticker: NAB Int’l Exchange: Sydney-ASX 2005 Sales: $16,172,300 2005 Profits: $3,249,500 Employees: 38,433 2004 Sales: $22,055,000 2004 Profits: $2,311,000 Fiscal Year Ends: 9/30 2003 Sales: $17,558,000 2003 Profits: $2,690,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $1,818,851 Second Exec. Salary: $1,071,980
Bonus: $1,094,658 Bonus: $1,239,507
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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NATIONAL BANK OF CANADA
www.nbc.ca
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 58 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 63
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Insurance Brokerage Trust Services Mutual Funds Retirement Planning Credit Cards
The National Bank of Canada (NBC) offers financial and banking services for business and personal needs. The company has total assets of more than $121.9 billion and 447 branches and 835 ATMs in Canada. Through its subsidiaries, NBC offers individual wealth management and corporate banking services in Quebec. Services include specialized savings, investment, financing and payment products as well as securities brokerage, insurance, mutual funds and retirement planning. The company’s subsidiaries include Altamira Financial Services, a mutual fund manager; NatBank, a Florida, U.S. bank; Natcan Investment Management, an institutional portfolio manager; Natcan Trust Company, with registered plan deposit and trust operations; National Bank Direct Brokerage, which executes stock market transactions; National Bank Financial, a fullservice brokerage and investment counseling company; National Bank General Insurance, offering home and automobile coverage; National Bank Insurance Firm, offering insurance brokerage services, savings products, banking products and group retirement plans; National Bank Life Insurance Company; with life insurance, accident and sickness policies; National Bank Securities, a mutual funds manager; National Bank Trust, offering investment management, estate and personal trust, securities custody and corporate trust services; and Putnam Lovell NBF Securities, an investment bank offering advisory services to the financial services industry. In May 2007, BNP Paribas formed a joint venture with the bank by acquiring a stake in Innocap Investment Management, Inc., a unit of NBC. In 2008, NBC acquired Aquilon Capital Corp., Groupe Financier Everest, Bieber Securities, Inc., and Retirement Option Group; sold a majority interest in Asset Management Finance Corporation; and acquired a 12.5% interest in Wellington West Holdings, Inc. In May 2008, the firm announced plans to merge Altamira Investment Services Inc. and Altamira Financial Services Ltd. with National Bank Securities, Inc. NBC offers its employees free banking services, preferred loan and credit card rates and training programs.
BRANDS/DIVISIONS/AFFILIATES: Natcan Natbank Altamira Financial Services National Bank General Insurance National Bank Financial National Bank Securities Putnam Lovell NBF Securities Credigy, Ltd
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Louis Vachon, CEO Michel Tremblay, COO Louis Vachon, Pres. Patricia Curadeau-Grou, CFO Gisele Desrochers, Sr. VP-Human Resources John B. Cieslak, Sr. VP-Tech., Bus. Intelligence & Organizational Gisele Desrochers, Sr. VP-Corp. Affairs Patricia Curadeau-Grou, Exec. VP-Finance & Treasury Patricia Curadeau-Grou, Exec. VP-Risk Mgmt. Réjean Lévesque, Exec. VP-Personal & Commercial Banking Luc Paiement, Co-Pres./Co-CEO-National Bank Financial Group Ricardo Pascoe, Co-Pres./Co-CEO-National Bank Financial Group Louis Vachon, Chmn. Tony Meti, Sr. VP-Commercial Banking & Int'l
Phone: 514-394-5000 Fax: 514-394-8434 Toll-Free: Address: National Bank Tower, 600 rue de la Gauchetiere W., Montreal, QC H3B 4L2 Canada
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $7,470,000 2007 Profits: $570,000 U.S. Stock Ticker: NTIOF 2006 Sales: $3,667,840 2006 Profits: $830,869 Int’l Ticker: NA Int’l Exchange: Toronto-TSX 2005 Sales: $4,519,300 2005 Profits: $815,606 Employees: 16,852 2004 Sales: $3,913,700 2004 Profits: $594,700 Fiscal Year Ends: 10/31 2003 Sales: $3,470,900 2003 Profits: $474,200 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Y Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $697,795 Second Exec. Salary: $592,994
Bonus: $664,247 Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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NATIONAL CITY CORPORATION
www.nationalcity.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 45 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 67
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Asset Management Merchant Processing Mortgages Investment Consulting Credit Cards Insurance Loans
National City Corp. is a financial holding company with approximately $150 billion in assets. The firm operates through a distribution network in Ohio, Florida, Illinois, Indiana, Kentucky, Michigan, Missouri, Pennsylvania, and Wisconsin. The primary source of National City’s revenue is net interest income from loans and deposits, revenue from loan sales and servicing, and fees from financial services provided to customers. Operations are primarily conducted through more than 1,400 branch banking offices located within National City’s nine-state footprint. In addition, National City operates over 410 retail mortgage offices throughout the U.S. The corporation is organized into five segments: retail banking, commercial banking-regional, commercial banking-national, mortgage banking, and asset management. Retail banking provides banking services to consumers and small businesses within the nine operating states. Commercial banking-regional provides products and services to large and medium sized corporations within National City’s nine state footprint. Commercial bankingnational provides products and services to select customers in certain industries or distribution channels, as well as customers outside of National City’s nine state footprint. The asset management business includes both institutional asset and personal wealth management. Institutional asset management services are provided by two business units: Allegiant Asset Management Group and Allegiant Asset Management Company. These business units provide investment management, custody, retirement planning services. The clients served typically include publicly traded corporations, charitable endowments and foundations. Personal wealth management services are provided by two business units: Private Client Group and Sterling. Products and services include private banking services and tailored credit solutions, customized investment management services, brokerage, financial planning, as well as trust management and administration for individuals and families. Sterling offers financial management services for high-networth clients. In October 2008, National City announced that it will be acquired by PNC Financial Services Group, Inc. The company offers its employees medical, dental and vision insurance; life and disability insurance; an employee stock purchase plan; and an employee assistance program.
BRANDS/DIVISIONS/AFFILIATES: PNC Financial Services Group, Inc. Private Client Group Allegiant Asset Management Sterling Allegiant Asset Management Group Allegiant Asset Management Company Florida Bankshares, Inc. MAF Bancorp
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Peter E. Raskind, CEO Peter E. Raskind, Pres. Shelley J. Seifert, Exec. VP-Mktg. & National Sales Shelley J. Seifert, Exec. VP-Human Resources David L. Zoeller, Exec. VP/General Counsel/Sec. Jon L. Gorney, Exec. VP-Corp. Oper. & Info. Svcs. Shelley J. Seifert, Exec. VP-Corp. Comm. & Public Affairs Dale Roskom, Exec. VP/Chief Risk Officer Paul Clark, Exec. VP/Pres., Northern Ohio Banking Region Philip L. Rice, CEO/Pres., National City Bank Jeffrey J. Tengel, Exec. VP-Commercial Banking Stephen A. Stitle, Exec. VP/Pres., Indiana Banking David A. Daberko, Chmn.
Phone: 216-222-2000 Fax: Toll-Free: 888-622-4932 Address: 1900 E. Ninth St., Cleveland, OH 44114 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $11,829,609 2007 Profits: $313,975 U.S. Stock Ticker: Subsidiary 2006 Sales: $12,953,210 2006 Profits: $2,299,836 Int’l Ticker: Int’l Exchange: 2005 Sales: $8,031,000 2005 Profits: $1,985,000 Employees: 32,064 2004 Sales: $8,900,000 2004 Profits: $2,779,934 Fiscal Year Ends: 12/31 2003 Sales: $9,593,823 2003 Profits: $2,117,064 Parent Company: PNC FINANCIAL SERVICES GROUP INC
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities: Y
Y Y Y
Profit Sharing:
Top Exec. Salary: $1,000,000 Second Exec. Salary: $695,833
Bonus: $3,036,000 Bonus: $1,956,325
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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NATIONAL PENN BANCSHARES INC Industry Group Code: 522110 Ranks within this company's industry group: Sales: 130 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
www.natpennbank.com Profits: 116
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Investment Management Insurance Equipment Leasing Mortgages Loans Trust Services Online Banking
National Penn Bancshares, Inc., with total assets of $9.2 billion, is a bank holding company providing financial services through its subsidiaries. The firm operates 127 community banking offices in nine counties in southeastern Pennsylvania through National Penn Bank and its divisions FirstService Bank, HomeTowne Heritage Bank, KNBT and Nittany Bank; six community offices in Center County, Pennsylvania; one community office in Cecil County, Maryland; and two offices in Delaware through subsidiary Christiana Bank & Trust Company.. The company’s commercial banking segment has been its traditional and ongoing business focus, offering services such as short-term loans for seasonal and working purposes, loans secured by real estate, loans for construction and expansion, revolving credit plans and cash management services to small to middle market customers. The company’s consumer banking segment offers deposit accounts; credit cards; installment, home equity, residential mortgage, multi-family and educational loans; ATMs; safe deposit; and Internet banking services. The bank caters to niche markets by offering international banking and products designed to meet the needs of manufacturing firms and government entities. National Penn's financial services affiliates consist of National Penn Investors Trust Company; National Penn Capital Advisors, Inc.; Vantage Investment Advisors, LLC; National Penn Insurance Agency, Inc.; National Penn Leasing Company; and Caruso Benefits Group, Inc. and Higgins Insurance Associates, acquired through the merger with KNBT. In June 2007, the company agreed to acquire Christiana Bank & Trust Company for $56.5 million. In January 2008, the company acquired Christiana Bank & Trust Company, a Delaware-chartered banking corporation. In February 2008, National Penn completed its merger with KNBT Bancorp, Inc., which became a wholly-owned subsidiary of National Penn. National Penn offers its employees core benefits including an assistance program, vacation time and holidays, and choice benefits such as health insurance and spending accounts.
BRANDS/DIVISIONS/AFFILIATES: National Penn Bank FirstService Bank HomeTowne Heritage Bank Nittany Bank KNBT Bancorp, Inc. Vantage Investment Advisors, LLC National Penn Leasing Company Bank & Trust Co.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Glenn E. Moyer, CEO Scott Fainor, COO/Sr. VP Glenn E. Moyer, Pres. Michael R. Reinhard, CFO Bruce Gilroy, Group Exec. VP-Human Resources Carl Kovacs, Group Exec. VP-Tech. Michelle Debkowski, Corp. Sec. Carl Kovacs, Group Exec. VP-Oper. Garry D. Koch, Group Exec. VP/Dir.-Risk Mgmt. Michelle Debkowski, Group Exec. VP-Investor Rel. Michael R. Reinhard, Treas./Exec. VP Glen E. Moyer, CEO/Pres./Chmn.-National Penn Bank Sandra Bodnyk, Group Exec. VP-Consumer & Small Business Banking Paul W. McGloin, Group Exec. VP/Chief Lending Officer Donald Worthington, Group Exec. VP-Assets & Investment Mgmt. Wayne R. Weidner, Chmn.
Phone: Fax: 610-369-6349 Toll-Free: 800-822-3321 Address: Philadelphia & Reading Ave., Boyertown, PA 19512 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $408,671 2007 Profits: $65,233 U.S. Stock Ticker: NPBC 2006 Sales: $369,052 2006 Profits: $64,109 Int’l Ticker: Int’l Exchange: 2005 Sales: $299,602 2005 Profits: $59,755 Employees: 1,171 2004 Sales: $245,549 2004 Profits: $47,914 Fiscal Year Ends: 12/31 2003 Sales: $206,933 2003 Profits: $43,354 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $430,568 Second Exec. Salary: $395,283
Bonus: $114,691 Bonus: $106,529
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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NBT BANCORP INC
www.nbtbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 146 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 122
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Trust Services Business & Consumer Loans Mortgages Real Estate Services Leasing Securities Insurance
NBT Bancorp, Inc., based in Norwich, New York, is a financial holding company and parent of NBT Bank, N.A.; NBT Financial Services, Inc. (NBT Financial); Hathaway Agency, Inc.; CNBF Capital Trust I; NBT Statutory Trust I; and NBT Statutory Trust II. Through these subsidiaries, the company focuses on community banking operations, providing commercial banking and financial services. NBT Bank, the firm’s primary subsidiary, provides a broad range of products, including checking and savings accounts and trust services for individuals, corporations and municipalities throughout the central and upstate New York and northeastern Pennsylvania market areas. It also provides consumer, corporate, commercial real estate and mortgage lending. The bank conducts business through two geographic operating divisions: NBT Bank and Pennstar. The NBT Bank division operates through 82 divisional offices and over 110 ATMs located primarily in central and upstate New York. NBT Bank has total loans and leases of $2.7 billion and total deposits of $3 billion. Pennstar Bank has 39 divisional offices and 56 ATMs, located primarily in northeastern Pennsylvania. Pennstar Bank has total loans and leases of $745.7 million and total deposits of $845.4 million. Operating subsidiaries of the company include NBT Capital Corp., a venture capital corporation formed to assist young businesses; Pennstar Services Company, a service provider for the Pennstar Bank division; Broad Street Property Associates, Inc., a property management company; NBT Services, Inc., a holding company of NBT Settlement Services LLC, a provider of title insurance; Pennstar Realty Trust and CNB Realty Trust, real estate investment trusts; and NBT Financial Services, Inc., the parent company of EPIC Advisors, Inc., a full service 401(k) plan recordkeeping firm.
BRANDS/DIVISIONS/AFFILIATES: NBT Bank Pennstar Bank EPIC Advisors, Inc. NBT Financial Services, Inc. NBT Capital Corp. Hathaway Agency, Inc. CNBF Capital Trust I
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Martin A. Dietrich, CEO Martin A. Dietrich, Pres. Michael J. Chewens, CFO/Sr. Exec. VP Florence R. Doller, VP-Mktg. Catherine M. Scarlett, Exec. VP-Human Resources Joseph A. Stagliano, CIO/Exec. VP Michael J. Chewens, Corp. Sec. Florence R. Doller, VP-Corp. Comm. David E. Raven, Pres./CEO-Pennstar Bank David E. Raven, Pres., Retail Banking Jeffrey M. Levy, Pres., Commercial Banking & Capital Region Daryl R. Forsythe, Chmn.
Phone: 607-337-2265 Fax: Toll-Free: 800-628-2265 Address: 52 S. Broad St., Norwich, NY 13815 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $119,619 2007 Profits: $50,328 U.S. Stock Ticker: NBTB 2006 Sales: $86,884 2006 Profits: $55,947 Int’l Ticker: Int’l Exchange: 2005 Sales: $280,152 2005 Profits: $52,438 Employees: 1,253 2004 Sales: $251,068 2004 Profits: $50,047 Fiscal Year Ends: 12/31 2003 Sales: $245,076 2003 Profits: $47,104 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $450,000 Second Exec. Salary: $325,000
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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NELNET INC
www.nelnet.net
Industry Group Code: 522291 Ranks within this company's industry group: Sales: 3 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 4
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Student Loans Loan Servicing Software
Nelnet, Inc. is an education finance company focused on providing products and services to students, families nationwide. It originates, holds and services student loans, principally loans originated under the Federal Family Education Loan Program (FFEL). Nelnet’s five primary business units are asset generation and management, student loan and guaranty servicing, tuition payment processing and campus commerce, enrollment services and list management and software and technical services. The asset generation and management segment includes loan originations and acquisitions, which provides student loan sales, marketing, origination, acquisition and portfolio management. The student loan and guarantee servicing unit offers lenders a complete line of education loan services, including application processing, underwriting, customer service and account maintenance. The tuition payment processing and campus commerce segment provides online payment processing, detailed information reporting and data integration services to help institutions and education seeking families manage the payment of education costs during pre-college and college stages. The enrollment services and list management operation provides products such as test preparation study guides, admissions consulting, essay and resume editing services and financial aid products. The software and technical services segment oversees the company’s internally developed loan servicing software. The company’s products are designed to simplify the student loan process by automating financial aid delivery, loan processing and funds disbursement. The firm connects lenders, financial aid officers, student and parent borrowers and other key constituents in the student loan process through its own infrastructure, technological recourses and product and service offerings. In January 2008, Nelnet announced plans to reduce its workforce by 300 persons in an effort to lower operating expenses. The company offers its employees medical, vision and dental coverage; life and AD&D insurance; tuition reimbursement; scholarship programs for employee’s children; fitness membership reimbursement; back-up child care; and backup elder care.
BRANDS/DIVISIONS/AFFILIATES: LoanSTAR Funding Group, Inc. FFEL Program FACTS Management Co. Honor Roll LLC College Access Network Peterson's SLAAA Acquisition Corp.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael S. Dunlap, CEO Jeffrey R. Noordhoek, Pres. Terry J. Heimes, CFO William J. Munn, General Counsel/Corp. Sec. John Kline, CEO-Nelnet Enrollment Solutions Timothy A. Tewes, CEO-Nelnet Enrollment Solutions Matthew D. Hall, COO-Nelnet Education Svcs. Raymond J. Ciarvella, Pres., 5280 Solutions Michael S. Dunlap, Chmn.
Phone: 402-458-2370 Fax: 402-458-2399 Toll-Free: Address: 121 S. 13th St., Ste. 201, Lincoln, NE 68508 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $2,123,594 2007 Profits: $32,854 U.S. Stock Ticker: NNI 2006 Sales: $1,881,997 2006 Profits: $68,155 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,233,389 2005 Profits: $181,122 Employees: 2,800 2004 Sales: $777,300 2004 Profits: $149,200 Fiscal Year Ends: 12/31 2003 Sales: $493,996 2003 Profits: $27,103 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing: Y
Top Exec. Salary: $500,000 Second Exec. Salary: $325,000
Bonus: $175,000 Bonus: $100,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
Plunkett Research, Ltd.
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NEW YORK COMMUNITY BANCORP INC Industry Group Code: 522110 Ranks within this company's industry group: Sales: 79 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
www.mynycb.com
Profits: 71
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Investment Management Mortgage Reinsurance
New York Community Bancorp, Inc. (NYCB) is a holding company with two primary subsidiaries: New York Community Bank and New York Commercial Bank. New York Community Bank is a community-oriented bank with 178 locations in New York and New Jersey offering a range of traditional banking services including personal banking, retirement services, loans, investments, card services, business banking, cash management, property management and lending. The bank’s principal business consists of creating and processing multi-family, commercial real estate and construction loans. The Community Bank has six divisions: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, Garden State Community Bank and Synergy Bank. New York Commercial Bank has 38 branches in the New York boroughs of Manhattan, Queens and Brooklyn, as well as in Westchester County and Long Island. 19 of those 38 branches operate under the Atlantic Bank of New York name. The Commercial Bank focuses on supplying the banking needs of small to mid-sized businesses, particularly those that may be underserved by other large banks. In addition, the firm operates myNYCB.com, an online banking channel allowing customers 24-hour access to their accounts and many of the bank’s products. NYCB also does business through its relationship with CFS Investments, Inc., a provider of insurance products, and its 100% equity interest in Peter B. Cannell & Co., Inc., an investment advisory firm. In March 2008, the firm completed the consolidation of three branch locations of New York Community Bank into the newly named Garden State Community Bank. In 2009, the New York Community Bank subsidiary plans to rebrand its 19 Synergy Bank branches to the Garden State Community Bank name. The company offers employees medical, dental and vision plans; an employee stock ownership plan; a 401(k) plan; life and AD&D insurance; flexible time plan; a free employee checking account; and an employee assistance plan.
BRANDS/DIVISIONS/AFFILIATES: New York Community Bank New York Commercial Bank Roslyn Savings Bank Richmond County Savings Bank Roosevelt Savings Bank Peter B. Cannell & Co., Inc. Atlantic Bank of New York Garden State Community Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Joseph R. Ficalora, CEO Robert Wann, COO/Sr. Exec. VP Joseph R. Ficalora, Pres. Thomas R. Cangemi, CFO/Sr. Exec. VP Ilene A. Angarola, Exec. VP/Dir.-Investor Rel. John J. Pinto, Chief Acct. Officer/Exec. VP James J. Carpenter, Chief Lending Officer/Sr. Exec. VP R. Patrick Quinn, Chief Governance Office/Exec. VP/Corp Sec. Joseph R. Ficalora, Chmn.
Phone: 516-683-4420 Fax: 516-683-4424 Toll-Free: 866-293-6077 Address: 615 Merrick Ave., Westbury, NY 11590 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,736,643 2007 Profits: $279,082 U.S. Stock Ticker: NYB 2006 Sales: $1,505,933 2006 Profits: $232,585 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,276,719 2005 Profits: $292,085 Employees: 2,834 2004 Sales: $1,127,942 2004 Profits: $355,086 Fiscal Year Ends: 12/31 2003 Sales: $913,147 2003 Profits: $323,371 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y Y
Profit Sharing:
Top Exec. Salary: $975,000 Second Exec. Salary: $650,000
Bonus: $1,075,000 Bonus: $500,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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NORDEA BANK AB
www.nordea.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 36 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 26
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Corporate Banking Asset Management
Nordea Bank AB is a Swedish company providing business financial services to the Nordic and Baltic Sea regions. The company has approximately 10 million customers including 4.9 million online users. Nordea operates more than 1,300 branch offices mainly located in Finland, Sweden, Denmark and Norway, with additional offices in Estonia, Latvia, Lithuania and Poland. It has more than $587 billion in total assets, and nearly $199 billion in managed assets. Nordea’s shares are listed on the stock exchanges in Stockholm, Helsinki and Copenhagen. The firm offers traditional banking and investment services for individuals and corporations, with operations divided into retail banking, corporate and institutional banking and asset management segments. The firm is expanding its line of products and services in the Baltic States to include investment funds and wealth management services such as discretionary portfolio management, structured products and an asset allocation concept based on risk management techniques. Nordea’s subsidiary, Nordea Life & Pensions, began offering pension funds to Estonian customers in 2008, and has announced plans to expand services to customers in Latvia and Lithuania in the near future. Nordea is a part of an alliance with the Royal Bank of Scotland and Societe Generale for the MasterCard Multinational Corporate Credit Card issued primarily to international European companies. The company recently signed agreements to sell its 24.82% stake in NCSD Holding AB to Euroclear PLC; to acquire nine branches from Roskilde Bank; and to sell its institutional global custody business to JP Morgan Chase & Co.
BRANDS/DIVISIONS/AFFILIATES: JSB Orgresbank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Christian Clausen, CEO Christian Clausen, Pres. Fredrik Rystedt, CFO/Exec. VP Lars Haggstrom, Head-Human Resources Michael Rasmussen, Head-Group Oper. Lauri Peltola, Head-Comm. & Identity Gunn Waersted, Exec. VP/Head-Savings & Life/Sr. Exec.-Norway Gunn Waersted, Head-Private Banking, People & Identity Carl-Johan Granvik, Exec. VP/Head-Group Credit & Risk Control Peter Schutze, Exec. VP/Head-Nordic Banking/Sr. Exec.-Denmark Hans Dalborg, Chmn. Ari Kaperi, Exec. VP/Head-Int'l & Institutional Banking
Phone: 46-8-614-7800 Fax: 46-8-20-08-46 Toll-Free: Address: Smalandsgatan 17, Stockholm, SE-105 71 Sweden
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $23,490,000 2007 Profits: $4,300,000 U.S. Stock Ticker: NRDEF 2006 Sales: $17,169,900 2006 Profits: $4,159,800 Int’l Ticker: NDA SEK Int’l Exchange: Stockholm-SSE 2005 Sales: $14,798,900 2005 Profits: $2,811,900 Employees: 28,925 2004 Sales: $14,893,500 2004 Profits: $2,610,700 Fiscal Year Ends: 12/31 2003 Sales: $14,633,100 2003 Profits: $1,870,200 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $944,478 Second Exec. Salary: $
Bonus: $3,143,707 Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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NORTHERN TRUST CORP
www.northerntrust.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 61 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 56
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Leasing Asset Management Pension Plan Services Trust Services Mutual Funds Fiduciary Services Mortgages
Northern Trust Corp., a financial holding company, is a provider of investment management; asset and fund administration; fiduciary; and banking solutions for corporations, institutions and affluent individuals. Northern Trust has a network of over 80 offices in 18 states in Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New York, Ohio, Texas, Washington and Wisconsin; and international offices in 15 locations in North America, Europe and the Asia-Pacific region. The firm conducts business through various U.S. and non-U.S. subsidiaries, including The Northern Trust Company. The firm operates through two main business groups: Corporate and institutional services; and personal financial services. The corporate and institutional services segment provides asset administration and management to corporate and public entity retirement funds; foundation and endowment clients; fund managers; insurance companies; and government funds. It also offers a full range of additional banking services through the company’s bank, as well as a line of asset services for its non-U.S. market through its London and Singapore branches. The personal financial services segment provides personal trust, custody and investment management services; individual retirement accounts; estate administration; banking; and residential real estate mortgage lending. The firm’s global investments unit provides investment management and related services to international clients. The segment also includes the Wealth Management Group subsidiary, which provides customized products and services for wealthy individuals. In 2008, Northern Trust Global Investments launched the a dedicated exchange-traded fund (ETF) to be based on the Tokyo Stock Exchange REIT Index (real estate investment trust) as well a U.S. listed ETF tracking the ISEQ 20 Index (Irish Stock Exchange). In June 2008, Northern Trust Bank agreed to acquire Lakepoint Investment Partners LLC. The company offers its employees medical, dental and vision insurance; flexible spending accounts; long-term care insurance; life and AD&D insurance; and educational assistance.
BRANDS/DIVISIONS/AFFILIATES: Northern Trust Company (The)
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Frederick H. Waddell, CEO Frederick H. Waddell, Pres. Steven L. Fradkin, CFO/Exec. VP Timothy P. Moen, Exec. VP-Human Resources Jana Schreuder, Pres., Tech. Timothy P. Moen, Exec. VP-Admin. Kelly R. Welsh, General Counsel/Exec. VP Jana Schreuder, Pres., Worldwide Oper. William L. Morrison, Pres., Personal Financial Svcs. Joyce St. Clair, Exec. VP-Corp. Risk Mgmt. Timothy J. Theriault, Pres., Corp. & Institutional Svcs. Sherry S. Barrat, Pres., Personal Financial Services William A. Osborn, Chmn. Stephen N. Potter, Exec. VP-Int'l & Global Fund Svcs.
Phone: 312-630-6000 Fax: 312-630-1512 Toll-Free: Address: 50 S. LaSalle St., Chicago, IL 60603 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $5,395,100 2007 Profits: $726,900 U.S. Stock Ticker: NTRS 2006 Sales: $4,473,000 2006 Profits: $665,400 Int’l Ticker: Int’l Exchange: 2005 Sales: $3,554,400 2005 Profits: $584,400 Employees: 11,323 2004 Sales: $2,829,100 2004 Profits: $505,600 Fiscal Year Ends: 12/31 2003 Sales: $2,597,900 2003 Profits: $404,800 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 6 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $1,087,500 Second Exec. Salary: $706,250
Bonus: $4,300,000 Bonus: $1,500,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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NORTHWEST BANCORP INC
www.northwestsavingsbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 127 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 123
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Commercial & Consumer Loans Multi-Family Residential Loans
Northwest Bancorp, Inc. is the holding company for Northwest Savings Bank, headquartered in Pennsylvania. Northwest Savings Bank offers full-service commercial and personal banking through 166 locations in Pennsylvania, western New York, Ohio, Maryland and Florida. The bank has seven wholly-owned subsidiaries: Northwest Settlement Agency, LLC, which provides title insurance; Great Northwest Corp., whose sole activity is holding equity investments in government-assisted low-income housing projects in various locations in the company’s market area; Northwest Financial Services, Inc., which is engaged in retail brokerage activities; Northwest Consumer Discount Company, Inc., which operates 49 consumer finance offices throughout Pennsylvania and two in New York and which specializes in originating consumer loans and assisting customers with credit packages; Allegheny Services, Inc., a Delaware investment company that holds mortgage loans originated through the bank’s wholesale lending operation; Boetger and Associates, Inc., an actuarial and employee benefit consulting firm; and Northwest Capital Group, Inc., which owns, operates and divests of properties that were acquires in foreclosure. Northwest Bancorp has focused its lending activities primarily on the origination of loans secured by first mortgages on owner-occupied, 1-4 family residences with terms typically ranging from 15 to 30 years, with either adjustable or fixed interest rates.. It also emphasizes the origination of consumer loans, including home equity, second mortgage, education and other consumer loans. To a lesser extent, Northwest Bancorp also originates multifamily residential and commercial real estate loans and commercial business loans. The company’s multifamily residential real estate loans are secured by multifamily residences, such as rental properties. The firm’s commercial real estate loans are secured by nonresidential properties such as hotels, church property, manufacturing facilities and retail establishments. Currently, Northwest Bancorp offers commercial business loans to finance various activities in the company’s market area, some of which are secured in part by additional real estate collateral.
BRANDS/DIVISIONS/AFFILIATES: Northwest Savings Bank Northwest Settkement Agency, LLC Great Northwest Corp. Northwest Financial Services, Inc. Northwest Consumer Discount Company, Inc. Allegheny Services, Inc. Boetger and Associates, Inc. Northwest Capital Group, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William J. Wagner, CEO William J. Wagner, Pres. William W. Harvey, Jr., CFO Robert A. Ordiway, Exec. VP-Mktg. & Facilities Julia W. McTavish, Sr. VP-Human Resources Andrew C. Young, CIO/Sr. VP-Info. Systems Gregory C. LaRocca, Exec. VP-Admin. & Investment Svcs. Gregory C. LaRocca, Corp. Sec./Exec. VP David E. Westerburg, Sr. VP-Oper. William W. Harvey, Exec. VP-Finance Robert Bablak Jr., Sr. VP-Community Banking John M. Beard, Sr. VP-Retail Investment Svcs. Steven G. Fisher, Exec. VP-Banking Svcs. Gerald J. Ritzert, Sr. VP-Finance & Acct. William J. Wagner, Chmn.
Phone: 814-726-2140 Fax: Toll-Free: Address: 100 Liberty St., Warren, PA 16365 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $442,590 2007 Profits: $49,097 U.S. Stock Ticker: NWSB 2006 Sales: $414,599 2006 Profits: $51,536 Int’l Ticker: Int’l Exchange: 2005 Sales: $353,928 2005 Profits: $55,804 Employees: 1,644 2004 Sales: $316,400 2004 Profits: $50,500 Fiscal Year Ends: 12/31 2003 Sales: $302,400 2003 Profits: $41,700 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $457,190 Second Exec. Salary: $203,116
Bonus: $69,359 Bonus: $30,956
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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NOVASTAR FINANCIAL INC
www.novastarmortgage.com
Industry Group Code: 525930 Ranks within this company's industry group: Sales: 4 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 2
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgage Portfolio Management
NovaStar Financial manages a portfolio of mortgages obtained prior to the 2007 closure of its lending operations as a subprime mortgage real estate investment trust (REIT). In February 2007, the company announced that it expected little, if any, taxable income between 2007 and 2011. During the third quarter of 2007, NovaStar’s REIT status was terminated. In order to reduce its debt, NovaStar cut roughly 500 jobs, representing about 37% of its workforce, in August 2007. Then in November 2007, the firm sold its mortgage servicing business to Saxon Mortgage Services, Inc. for $175 million. With the closure of two of its three former operating segments, namely mortgage portfolio lending and loan servicing, the firm now solely engages in mortgage portfolio management.
BRANDS/DIVISIONS/AFFILIATES: Saxon Mortgage Services, Inc. Saxon Financial Inc
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. W. Lance Anderson, CEO W. Lance Anderson, COO W. Lance Anderson, Pres. Rodney E. Schwatken, CFO Todd M. Phillips, Treas./Chief Acct. Officer/Controller/VP Michael L. Bamburg, Chief Investment Officer/Exec. VP W. Lance Anderson, Chmn.
Phone: 816-237-7000 Fax: 816-237-7515 Toll-Free: Address: 8140 Ward Pkwy., Ste. 300, Kansas City, MO 64114 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $366,246 2007 Profits: $-724,277 U.S. Stock Ticker: NFI 2006 Sales: $578,316 2006 Profits: $72,938 Int’l Ticker: Int’l Exchange: 2005 Sales: $453,266 2005 Profits: $139,124 Employees: 2,048 2004 Sales: $465,200 2004 Profits: $115,400 Fiscal Year Ends: 12/31 2003 Sales: $383,178 2003 Profits: $111,996 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $642,735 Second Exec. Salary: $642,735
Bonus: $474,534 Bonus: $474,534
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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OCEANFIRST FINANCIAL CORP
www.oceanfirstonline.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 145 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 138
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Commercial & Consumer Loans Real Estate Investment Trust Non-Deposit Investment Products Online Banking
OceanFirst Financial Corp. is the holding company for OceanFirst Bank, which has more than $2 billion in assets under management. The bank consists of a network of 21 branches located in New Jersey, primarily in Ocean County. OceanFirst’s principal business is focused on attracting retail deposits from the general public in the communities surrounding its branch offices and investing those deposits, together with funds generated from operations and borrowings, primarily in single-family, owner-occupied residential mortgage loans within its market area. To a lesser extent, the bank invests in commercial real estate, multi-family, construction, consumer and commercial loans. Ocean Federal offers a wide variety of financial services to meet the needs of the communities it serves, including online and telephone banking services. Subsidiary Columbia Home Loans, LCC originates, sells and services a full product line of residential mortgage loans, primarily in New York and New Jersey. Loans are originated through retail branches, a web site and a network of independent mortgage brokers. OceanFirst Services, LLC sells non-deposit investment products, such as annuities, mutual funds and insurance, through a third-party marketing firm. OceanFirst REIT Holdings, Inc. is the holding company for OceanFirst Realty Corp., which operates as a real estate investment trust. The company offers its employees medical, dental and vision insurance; life insurance; an employee stock ownership plan; a 401(k) plan; and tuition reimbursement.
BRANDS/DIVISIONS/AFFILIATES: OceanFirst REIT Holdings, Inc. OceanFirst Realty Corp. OceanFirst Bank OceanFirst Services, LLC Columbia Home Loans, LLC
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John R. Garbarino, CEO John R. Garbarino, Pres. Michael J. Fitzpatrick, CFO/Exec. VP John K. Kelly, General Counsel/Sr. VP/Sec. Vito R. Nardelli, Exec.VP/COO-OceanFirst Bank Joseph J. Lebel III, Exec. VP/Chief Lending Officer-OceanFirst Bank Joseph R. Iantosca, First Sr. VP/Chief Admin. Officer-OceanFirst Bank John R. Garbarino, Chmn.
Phone: 732-240-4500 Fax: 732-349-5070 Toll-Free: 888-623-2633 Address: 975 Hooper Ave., Toms River, NJ 08753 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $128,543 2007 Profits: $1,075 U.S. Stock Ticker: OCFC 2006 Sales: $130,170 2006 Profits: $12,633 Int’l Ticker: Int’l Exchange: 2005 Sales: $126,889 2005 Profits: $19,497 Employees: 351 2004 Sales: $111,692 2004 Profits: $17,945 Fiscal Year Ends: 12/31 2003 Sales: $115,940 2003 Profits: $19,873 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $493,538 Second Exec. Salary: $259,231
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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OLD NATIONAL BANCORP
www.oldnational.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 131 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 109
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Investment Management Mortgages Loans Brokerage Trust Services Insurance Payroll Services
Old National Bancorp is the bank holding company for Old National Bank, with $8.1 billion in managed assets and 115 financial service centers in Indiana, Illinois and Kentucky. Founded in 1834, Old National Bank provides commercial and consumer loan and depository services; investment and brokerage services; lease financing; and other traditional banking services. The firm operates in two segments: community banking and treasury. The community banking segment consists of Old National Bank, the Indiana Old National Insurance Company (IONIC) and Central Life Insurance Company. Old National Bank’s community banking services include lending and depositing activities, merchant cash management and Internet banking. IONIC provides property and casualty insurance for Old National; and both IONIC and Central Life Insurance reinsure credit life insurance. The treasury segment manages investments, wholesale funding, interest rate risk, liquidity and leverage for the company. It also provides capital markets products, including interest rate derivatives, foreign exchange and industrial revenue bond financing for commercial clients. Old National Bancorp’s non-bank affiliates providing supplementary services include Old National Trust Company and affiliate Signal Capital Management, Inc., which provide fee-based asset management and mutual fund management; and ONB Investments Services, Inc., which provides professional investment services and brokerage products. In February 2007, Old National Bancorp acquired St. Joseph Capital Corporation of Mishawaka, Indiana, the holding company for St. Joseph Capital Bank. Old National Bancorp offers its employees Old National University training courses, educational reimbursements, a childcare referral service, adoption assistance, an employee assistance plan, incentive compensation programs, an employee stock purchase plan, flexible spending accounts, a 401(k) plan, and medical, dental and vision insurance.
BRANDS/DIVISIONS/AFFILIATES: Old National Bank Indiana Old National Insurance Co. Central Life Insurance Co. Old National Trust Co. Signal Capital Management, Inc. ONB Investments Services, Inc. St. Joseph Capital Corp. St. Joseph Capital Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert G. Jones, CEO Robert G. Jones, Pres. Christopher A. Wolking, CFO/Exec. VP Allen R. Mounts, Chief Human Resources Officer/Exec. VP Allen R. Mounts, Chief Admin. Officer/Exec. VP Jeffery L. Knight, Chief Legal Counsel/Exec. VP Barbara A. Murphy, Sr. Exec. VP/Chief Banking Officer Caroline J. Ellspermann, Pres./CEO-Old National Wealth Mgmt. Annette W. Hudgions, Exec. VP/Chief Client Svcs. Officer Thomas A. Flynn, CEO-ONB Insurance Group Larry E. Dunigan, Chmn.
Phone: 812-464-1434 Fax: 812-464-1567 Toll-Free: 800-731-2265 Address: 1 Main St., Evansville, IN 47708 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $391,489 2007 Profits: $74,890 U.S. Stock Ticker: ONB 2006 Sales: $386,163 2006 Profits: $79,373 Int’l Ticker: Int’l Exchange: 2005 Sales: $400,568 2005 Profits: $63,764 Employees: 2,494 2004 Sales: $418,540 2004 Profits: $63,064 Fiscal Year Ends: 12/31 2003 Sales: $661,897 2003 Profits: $70,413 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $600,018 Second Exec. Salary: $293,259
Bonus: $382,511 Bonus: $105,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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ONLINE RESOURCES CORP
www.orcc.com
Industry Group Code: 511201 Ranks within this company's industry group: Sales: 3 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 3
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Software-Electronic Banking Online Banking Services Web Design & Hosting Services
Online Resources Corp. provides outsourced, web-based financial technology services branded to over 1,900 financial institutions, biller, card issuer and creditor clients. The company services over 12 million billable consumer and business end-users. End-users may access and view their accounts online and perform various web-based, self-service functions. They may also make electronic bill payments and fund transfers, utilizing the firm’s debit architecture and other payment methods. Additionally, Online Resources offers professional services, including software solutions, which enable various deployment options, a broad range of customization and other value-added services. Multi-year service contracts with its clients provide the firm with a recurring and predictable revenue stream that grows with increases in users and transactions. In 2007 the company derived approximately 13% of its revenues from account presentation and relationship management, 77% from payments and 10% from professional services, custom software solutions and other revenues. The company operates in two segments: banking services and ecommerce services. Both segments provide a suite of webbased account presentation, payment, relationship management and professional services. The company’s Quotien product integrates customer and financial data, electronic funds transfer and service gateways. The Incurrent product line is designed for credit card issuers and processors. Through Incurrent, cardholders may access their account information, view transactions, set up payments and perform other self-service functions. The CertnFunds product line is designed for e-commerce providers, primarily payment acquirers and large online billers. In 2008, Online Resources entered into several multi-year agreements with various organizations for use of the firm’s online services. Services obtained include, online collections, retail and business banking services, and bill payment services. The company offers employees medical, dental and vision insurance; flexible spending accounts; 401(k) and employee stock purchase plans; tuition reimbursement; credit union membership; a college savings plan; and an employee assistance program.
BRANDS/DIVISIONS/AFFILIATES: Quotien Incurrent CertnFunds Princeton eCom Corp. Internet Transaction Solutions, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Matthew P. Lawlor, CEO Raymond T. Crosier, COO Raymond T. Crosier, Pres. Catherine A. Graham, CFO/Exec. VP Paul Franko, Corp. CTO/Sr. VP-Banking Tech. Svcs. Daniel M. Thomas, Sr. VP-Strategic Dev. Robert E. Craig, Exec. VP/Gen. Mgr.-e-Commerce Svcs. Beth Halloran, Sr. Dir.-Corp. Comm. Ronald J. Bergamesca, Exec. VP/Gen. Mgr.-Credit Union Svcs. Stephanie Chaufournier, Exec. VP/General Manager-Banking CSP Payments Sheila Narayan, Exec. VP/Gen. Mgr.-Banking CSP Payments Ronald J. Bergamesca, Gen. Mgr.-Community Bank Matthew P. Lawlor, Chmn.
Phone: 703-653-3100 Fax: 703-653-3105 Toll-Free: Address: 4795 Meadow Wood Ln., Ste. 300, Chantilly, VA 20151 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $135,132 2007 Profits: $10,946 U.S. Stock Ticker: ORCC 2006 Sales: $91,736 2006 Profits: $ 321 Int’l Ticker: Int’l Exchange: 2005 Sales: $60,501 2005 Profits: $22,663 Employees: 626 2004 Sales: $42,285 2004 Profits: $3,947 Fiscal Year Ends: 12/31 2003 Sales: $38,408 2003 Profits: $2,102 Parent Company:
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan: Y
Y
Profit Sharing:
Top Exec. Salary: $332,807 Second Exec. Salary: $252,417
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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ONYX ACCEPTANCE CORP
www.onyxacceptance.com
Industry Group Code: 522220 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Automobile Financing Online Services
Onyx Acceptance Corp., a wholly-owned subsidiary of Capital One Financial Corp., specializes in the purchase, warehousing, securitization and servicing of motor vehicle retail installment contracts originated by franchised and select independent automobile dealerships. The company focuses on acquiring such contracts in prime or near-prime condition, which have been collateralized by late model used and new motor vehicles. Since 1993, the firm has purchased or originated in excess of $13 billion in contracts. Onyx’s 20 finance centers located throughout the U.S. offer premier, preferred and standard loans, depending on the customer’s credit history. The company provides financing to approximately 10,000 new and selected used auto dealerships in 48 states. Of these dealerships, approximately 86% are franchised and 14% are independent. The ePartner Network, a division of Onyx, provides lenders with online auto loan services. This network allows customers to submit an online application and obtain pre-approved documentation to take to the dealership.
BRANDS/DIVISIONS/AFFILIATES: ePartner Network Capital One Financial Corp
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John W. Hall, CEO Todd A. Pierson, COO/Exec. VP John W. Hall, Pres. Don P. Duffy, CFO/Exec. VP Vincent M. Scardina, Treas./Exec. VP Frank L. Marraccino, Exec. VP Thomas Stickel, Chmn.
Phone: 949-465-3900 Fax: 949-465-3530 Toll-Free: 800-946-0332 Address: 27051 Towne Centre Dr., Foothill Ranch, CA 92610 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 917 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 2003 Sales: $119,448 2003 Profits: $5,718 Parent Company: CAPITAL ONE FINANCIAL CORP
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $668,733 Second Exec. Salary: $244,253
Bonus: $167,183 Bonus: $88,934
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
Plunkett Research, Ltd.
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ORIGEN FINANCIAL INC
www.origenfinancial.com
Industry Group Code: 522291 Ranks within this company's industry group: Sales: 7 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 6
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Consumer Finance Manufactured Home Loans REIT
Origen Financial, Inc. is a national consumer manufactured home finance company. The company operates as a real estate investment trust (REIT) primarily through its subsidiary Origen Financial, L.L.C. Origen originates loans in 45 states and services loans in 47 states. It currently has a loan servicing portfolio of over 40,800 loans totaling approximately $1.8 billion. During 2007, the firm ceased originating new manufactured housing loans other than under third-party origination agreements. Although it has ceased originating new manufactured housing loans for its own account, Origen intends to maintain its origination platform, including its proprietary web-based delivery system known as Origen Focus. The company currently provides loan origination services for such companies as Affordable Residential Communities, Sun Communities, Hometown America and YES Communities, each of which is a nationwide owner-operator of manufactured housing communities. Under these arrangements, Origen commits to use its origination platform to originate manufactured housing loans for these third parties, which own the loans. The company additionally underwrites home-only loans using its internally-developed proprietary credit scoring system, TNG. It also underwrites mortgage loans collateralized by both the manufactured houses and the underlying real estate. Origen services the manufactured housing loan contracts that it has originated or purchased as well as manufactured housing loan contracts owned by third parties. As a complement to its origination and servicing business, the firm offers property and casualty insurance at the point of sale for manufactured housing loans it has originated or services. In March 2008, Origen sold its portfolio of approximately $174.6 million in aggregate principal balance of unsecuritized loans. Also in March, the firm decreased its work force by 16%. In July 2008, Origen sold its servicing platform assets to Green Tree Servicing, LLC.
BRANDS/DIVISIONS/AFFILIATES: Origen Financial, L.L.C. Origen Focus TNG
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Ronald Klein, CEO J. Peter Scherer, Pres. W. Anderson Geater, Jr., CFO Laura Campbell, Sr. VP-Human Resources Paul Galaspie, CIO/Sr. VP J. Peter Scherer, Head-Oper. Mark Landschulz, Exec. VP-Portfolio Mgmt. Ben Sergi, Sr. VP-Oper. Brett Thomas, Sr. VP-Servicing Paul A. Halpern, Chmn.
Phone: 248-746-7000 Fax: 248-746-4091 Toll-Free: Address: 27777 Franklin Rd., Ste. 1700, Southfield, MI 48034 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $114,167 2007 Profits: $-31,767 U.S. Stock Ticker: ORGN 2006 Sales: $92,082 2006 Profits: $6,971 Int’l Ticker: Int’l Exchange: 2005 Sales: $74,000 2005 Profits: $-2,700 Employees: 252 2004 Sales: $53,663 2004 Profits: $-2,966 Fiscal Year Ends: 12/31 2003 Sales: $34,400 2003 Profits: $-22,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $506,058 Second Exec. Salary: $265,144
Bonus: $430,000 Bonus: $200,000
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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PACIFIC CAPITAL BANCORP
www.pcbancorp.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 108 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 95
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Personal & Business Loans Mortgages Investment Services Wealth Management Services
Pacific Capital Bancorp is a bank holding company that operates 50 branches and has $7.5 billion in assets. It has five subsidiaries: Pacific Capital Bank, N.A. (PCBNA); and four wholly-owned unconsolidated subsidiaries. PCBNA operates throughout California under the following brand names: Santa Barbara Bank & Trust, First National Bank of Central California, South Valley National Bank, San Benito Bank and First Bank of San Luis Obispo. PCBNA operates in four segments: Community Banking, Commercial Banking, Wealth Management and RAL/RT Programs. The Community Banking segment offers residential real estate loans, home equity lines and loans, consumer loans, and demand deposit overdraft protection products. The Commercial Banking segment offers a line of commercial, corporate, and real estate loan products, including traditional commercial loans and lines of credit, asset based lending, letters of credit, and Small Business Administration (SBA) Loans. The Wealth Management segment is operated by Morton Capital Management (MCM). The RAL/RT Programs segment provides financial services related to the electronic filing of income tax returns that generate RAL and refund transfers (RT) business lines. An RAL is a loan issued with the customer’s expected tax refund as collateral; and an RT expedites tax refund payment with the firm acting as intermediary. SBB&T RAL Funding Corp is a subsidiary of PCBNA used in Refund Application Loan (RAL) securitization. PCBNA also offers safe deposit boxes, travelers’ checks, money orders, foreign exchange services, and cashier’s checks. In June 2007, Pacific Capital Bancorp agreed to sell its commercial equipment leasing and financing business. Employees of Pacific Capital receive life insurance for themselves and their dependants; tax-free reimbursement accounts for dependant care and health care; paid vacations and absence; free banking services; an employee referral program; and PCB Employee University development programs.
BRANDS/DIVISIONS/AFFILIATES: Pacific Capital Bank N.A. Santa Barbara Bank & Trust First National Bank of Central California South Valley National Bank San Benito Bank First Bank of San Luis Obispo Morton Capital Management PCB Employee University
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. George S. Leis, CEO George S. Leis, Pres. Deborah Whiteley, Exec. VP-Mktg. Frederick W. Clough, General Counsel/Exec. VP Deborah Whiteley, Exec. VP-Public Rel. Deborah Whiteley, Exec. VP-Investor Rel. Clayton C. Larson, Vice Chmn./Bank Oper. Carol Zepke, Corp. Sec. Edward E. Birch, Chmn.
Phone: 805-564-6405 Fax: 805-882-3888 Toll-Free: Address: 1021 Anacapa St., 3rd Fl., Santa Barbara, CA 93101 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $769,304 2007 Profits: $100,888 U.S. Stock Ticker: PCBC 2006 Sales: $726,544 2006 Profits: $94,540 Int’l Ticker: Int’l Exchange: 2005 Sales: $538,810 2005 Profits: $99,285 Employees: 1,459 2004 Sales: $403,834 2004 Profits: $87,944 Fiscal Year Ends: 12/31 2003 Sales: $352,470 2003 Profits: $75,671 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing: Y
Top Exec. Salary: $538,645 Second Exec. Salary: $424,231
Bonus: $ Bonus: $115,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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PARK NATIONAL CORP
www.parknationalcorp.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 124 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 134
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Consumer & Commercial Lending Trust Services Credit Cards Leasing Cash Management Online Banking
Park National Corp. is a bank holding company operating through 14 community banks: 12 in Ohio, one in Alabama and one in Florida. Through its subsidiary banks, the firm engages in the commercial banking and trust business conducted primarily in small and medium population Ohio communities. All of the company’s banking subsidiaries provide deposit, savings and time accounts; and commercial, industrial, consumer and real estate lending, including installment loans, credit cards, home equity lines of credit and commercial and auto leasing. In addition, Park National’s banks offer trust services, cash management, safe deposit operations, electronic funds transfers, internet banking with bill pay service and a variety of other bankingrelated services. Each banking subsidiary makes independent lending decisions in accordance with written loan policies designed to maintain loan quality. Banking subsidiaries include The Park National Bank; The Richland Trust Company; Century National Bank; The First-Knox National Bank of Mount Vernon; United Bank, N.A.; Second National Bank; The Security National Bank and Trust Co.; and The Citizens National Bank of Urbana. Park National also owns Guardian Financial Services Company, an Ohio consumer finance company; Scope Leasing, Inc., which specializes in aircraft financing whose customers include small businesses and entrepreneurs intending to use the aircraft for business or pleasure; and Park Insurance Group, Inc., a provider of life insurance and other insurance products. The company holds 80% of the voting membership interest of Park Title Agency, LLC, a traditional title agency serving the central Ohio area. Other subsidiaries include Park Investment, Inc., an asset management company; and Park Capital Investments, Inc. In 2007, Park National acquired Vision Bancshares and purchased the Millersburg, Ohio banking office of First-Knox National Bank.
BRANDS/DIVISIONS/AFFILIATES: Park National Bank (The) Richland Trust Company (The) Century National Bank First-Knox National Bank of Mount Vernon (The) Citizens National Bank of Urbana Scope Leasing, Inc. Park Insurance Group, Inc. Vision Bancshares
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. C. Daniel DeLawder, CEO David L. Trautman, Pres. John W. Kozak, CFO David L. Trautman, Corp. Sec. William T. McConnell, Chmn.-Exec. Committee C. Daniel DeLawder, Chmn.
Phone: 740-349-8451 Fax: 740-349-3765 Toll-Free: Address: 50 N. 3rd St., Newark, OH 43058 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $473,464 2007 Profits: $22,707 U.S. Stock Ticker: PRK 2006 Sales: $399,321 2006 Profits: $94,091 Int’l Ticker: Int’l Exchange: 2005 Sales: $374,164 2005 Profits: $95,238 Employees: 2,035 2004 Sales: $323,634 2004 Profits: $91,507 Fiscal Year Ends: 12/31 2003 Sales: $326,212 2003 Profits: $86,878 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y Y
Profit Sharing:
Top Exec. Salary: $473,525 Second Exec. Salary: $313,250
Bonus: $300,000 Bonus: $250,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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PAYPAL INC
www.paypal.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 17 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Payment Processing-Intermediary Online Payment Systems Web-Enabled Payments Online Auction Technology Credit Cards Debit Cards
PayPal Inc., a subsidiary of eBay, Inc., is a global online payment processing company that allows businesses and consumers to cost-effectively send and receive payments within and between more than 190 markets and 17 currencies globally. The company has about 164 million registered users worldwide. The PayPal system extends the existing financial infrastructure of bank accounts and credit cards and can also be used to collect subscriptions, recurring payments and donations. In addition, the firm is a leading payment processing provider for online auction services, the bulk of the company’s business coming from eBay. PayPal offers three types of accounts: Personal, Business and Premier. The company offers its personal payment service free of charge to U.S. consumers, requiring simply access to a bank account and an e-mail address. PayPal’s revenue is generated through businesses registering for a premier or business account, which charge percentage fees based on transactions. The premier account offers a full range of eBay and merchant tools, as well as the added ability to accept credit or debit cards including the PayPal ATM/debit card. The business account additionally allows for multi-user access instead of just a single username and password. The firm provides clients with international and vendor services for which there are multiple currency transaction charges. PayPal’s automated multicurrency service allows buyers to make payments and sellers to accept payments in any of the company’s accepted 17 currencies. The company also earns revenue from merchant use of the PayPal credit card and the PayPal ATM/debit card. In recent news, PayPal launched a new service, Paypal Mobile Checkout, allowing consumers in the U.S., the U.K. and Canada to purchase items through a mobile device with Internet access. In January 2008, PayPal agreed to acquire Fraud Sciences Ltd., an Israeli private online risk tool company.
BRANDS/DIVISIONS/AFFILIATES: eBay Inc Paypal Mobile Checkout Fraud Sciences Ltd.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Scott Thompson, Pres. Mary M. Hentges, CFO Barry Herstein, Chief Mktg. Officer Salvatore J. Giambanco, VP-Human Resources Scott Thompson, CTO Dickson Chu, Sr. VP-Prod. Salvatore J. Giambanco, VP-Admin. John D. Muller, General Counsel/VP-Legal Ryan D. Downs, Sr. VP-Worldwide Oper. Jack Stephenson, Sr. VP-Strategy & New Ventures Mary Hentges, VP-Finance Philipp Justus, Sr. VP/Gen. Mgr.-Int'l & eBay Marketplaces Dana Stalder, VP-Prod., Mktg., Bus. Oper. & Int'l Stephanie Tilenius, VP/Gen. Mgr.-Merchant Svcs. Mary Anne Gillespie, VP-Sales Darrell MacMullin, Country Mgr.-PayPal Canada
Phone: 408-967-1000 Fax: 650-864-8001 Toll-Free: Address: 2211 N. 1st St., San Jose, CA 95131 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $37,900 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 600 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $437,600 2003 Profits: $ Parent Company: EBAY INC
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $178,167
Bonus: $596,264 Bonus: $178,167
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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PEOPLE'S UNITED BANK
www.peoples.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 100 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 85
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Investment Services Insurance Mortgages Equipment Leasing Asset Management Brokerage Services Credit Cards
People’s United Financial, Inc. operating through People’s United Bank, is a federally-chartered savings bank that offers consumer and commercial banking, residential lending, insurance sales and credit cards. The company is a leading bank in Connecticut with 250 ATMs; and more than 160 branches, of which 75 offer 7-day-a-week, in-person banking in Super Stop & Shop stores statewide. It offers a full range of financial services to individual, corporate and municipal customers, including extending commercial and consumer loans; originating mortgage loans; and accepting consumer, commercial and municipal deposits. The firm’s subsidiaries provide brokerage services; asset management; equipment financing and leasing; and insurance services including life, auto, home and other personal insurance products. People’s United divides its services into two segments: Commercial Banking and Consumer Financial Services. Commercial Banking consists principally of commercial and industrial lending; commercial real estate finance lending; commercial deposit gathering activities; cash management; correspondent banking; and municipal banking. This segment also includes People’s Capital & Leasing Corp., an equipment financing company. Consumer Financial Services includes, as its principal business lines, consumer deposit gathering activities, residential mortgage lending and home equity and other consumer lending. In addition to trust services, this segment also includes People’s Securities, a brokerage and financial advisory services firm; and R.C. Knox and Company, and its division, Beardsley, Brown and Basset, an insurance firm. In January 2008, People’s United Financial acquired the Chittenden Corporation. Chittenden’s group of banks will continue to do business under their present names as subsidiaries of People’s United Financial. Employees of People’s United receive tuition reimbursement; medical, dental and vision coverage; life insurance; travel accident insurance; short and long term disability insurance; a free checking account; public transportation assistance; adoption assistance; emergency child care; a 401(k); and a stock ownership plan.
BRANDS/DIVISIONS/AFFILIATES: People’s United Financial, Inc. People's Capital & Leasing Corp. People's Securities, Inc. R.C. Knox & Company, Inc. Beardsley, Brown and Basset
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Philip R. Sherringham, CEO Philip R. Sherringham, Pres. Paul Burner, CFO/Sr. Exec. VP John P. Barnes, Chief Admin. Officer/Sr. Exec. VP William T. Kosturko, General Counsel/Chief Legal Officer David A. Bodor, Chief Credit Officer/Exec. VP Brian F. Dreyer, Sr. Exec. VP-Commercial Banking Robert R. D'Amore, Sr. Exec. VP-Retail & Small Bus. Banking Hank Mandel, Exec. VP-Organizational Effectiveness Louise Sandberg, Sr. Exec. VP-Wealth Mgmt. Group George P. Carter, Chmn.
Phone: 203-338-4114 Fax: Toll-Free: 800-772-1090 Address: People's Bank 850 Main St., Bridgeport, CT 06604 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $892,400 2007 Profits: $150,700 U.S. Stock Ticker: PBCT 2006 Sales: $756,700 2006 Profits: $124,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $679,700 2005 Profits: $137,100 Employees: 2,416 2004 Sales: $592,600 2004 Profits: $199,700 Fiscal Year Ends: 12/31 2003 Sales: $766,300 2003 Profits: $63,800 Parent Company: PEOPLE'S UNITED FINANCIAL INC
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y Y
Profit Sharing:
Top Exec. Salary: $851,931 Second Exec. Salary: $501,385
Bonus: $2,238,641 Bonus: $921,444
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
Plunkett Research, Ltd.
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PFF BANCORP INC
www.pffbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 133 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 119
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Consumer Loans Wealth Management Real Estate Consulting Trust Services Annuities & Mutual Funds Online Banking
PFF Bancorp, Inc. is a financial services company with $4.1 billion in assets. The firm conducts business principally through wholly-owned subsidiary PFF Bank & Trust, a federal savings bank with $4.1 billion in assets and 38 branch offices throughout Southern California. PFF Bank’s primary source of funds are principal and interest payments on loans, leases and securities; deposits; and Federal Home Loan Bank advances and other borrowings. To a lesser extent, the bank engages in secondary market activities and has invested in a limited basis in multi-family mortgage, commercial real estate, construction, land and consumer loans. The company also engages in trust activities and offers certain annuity and mutual fund non-deposit investments and investment and asset management services through its subsidiaries. Additionally, the bank provides a system for retail origination of real property loans utilizing laptop computers and automated uploads of application packages to its loan origination system. PFF Bancorp’s businesses also include Glencrest Investment Advisors, Inc., an investment advisor that provides wealth management and advisory services to high net worth individuals and businesses; and Diversified Builder Services, Inc., a provider of financing and consulting services to home builders and land developers. Its subsidiaries also include two business trust companies, PFF Bancorp Capital Trust I and PFF Bancorp Capital Trust II, created for the purposes of issuing capital securities. In September 2008, PFF Bancorp agreed to merge with FBOP Corporation, the parent company of California National Bank. When the merger goes into effect, PFF will become a wholly-owned subsidiary of FBOP Corporation. The company offers its employees medical, dental and vision insurance; company paid Social Security and Medicare; PC purchase program; a 401(k) plan; an employee assistance program; tuition reimbursement; first time home buyers down payment assistance; employee home loans at reduced rates; and an employee stock ownership plan.
BRANDS/DIVISIONS/AFFILIATES: PFF Bank & Trust Glencrest Investment Advisors, Inc. Diversified Builder Services, Inc. PFF Bancorp Capital Trust I PFF Bancorp Capital Trust II
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Kevin McCarthy, CEO Gregory C. Talbott, COO/Sr. Exec. VP Kevin McCarthy, Pres. Gregory C. Talbott, CFO Robert L. Golish, CIO Robert L. Golish, Chief Admin. Officer Robert L. Golish, General Counsel/Exec. VP Gregory C. Talbott, Treas. Lynda Scullin, Chief Banking Admin./Exec. VP Jerald W. Groene, Chief Lending Officer/Exec. VP Robert W. Burwell, Chmn.
Phone: 909-941-5400 Fax: Toll-Free: Address: 9337 Milliken Ave., Rancho Cucamonga, CA 91730 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $361,621 2007 Profits: $55,909 U.S. Stock Ticker: PFFB 2006 Sales: $283,275 2006 Profits: $52,080 Int’l Ticker: Int’l Exchange: 2005 Sales: $237,409 2005 Profits: $45,773 Employees: 652 2004 Sales: $295,689 2004 Profits: $40,949 Fiscal Year Ends: 3/31 2003 Sales: $205,300 2003 Profits: $35,400 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $350,000 Second Exec. Salary: $300,000
Bonus: $124,817 Bonus: $86,068
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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PHH CORPORATION
www.phh.com
Industry Group Code: 522310 Ranks within this company's industry group: Sales: 6 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 4
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgage Loans Fleet Management Appraisal Services
PHH Corporation is an outsource provider of mortgage and fleet management services. The company was recently created through a spin-off by Cendant Corp., a large hotel franchiser. The company is divided into two businesses, PHH Mortgage Corp and PHH Arval. PHH Mortgage originates and sells more than 200 different mortgage loan products often sourced through Cendant’s owned residential real estate brokerage and corporate relations business. It also does business through financial institutions on a private label or co-branded basis, and utilizes the following brand names: PHH Mortgage, ERA Mortgage, CENTURY 21 Mortgage and Coldwell Banker Mortgage. The Fleet Management Services segment generated 83% of 2007 revenue, Mortgage Production segment generated 9%, with the remainder generated by the Mortgage Servicing segment. The remaining portion of income was provided through PHH Mobility, a segment of PHH Mortgage. The company’s fleet management service, PHH Arval, provides clients in both the U.S. and Canada with outsourced vehicle leasing, fleet policy analysis, vehicle recommendations, vehicle acquisition and delivery, title and registration administration, used vehicle remarketing, maintenance services, accident management services, fuel card services and Internet-based fleet information management and reporting. In conjunction with its strategic marketing partners, the company is able to provide these services throughout the world. PHH Corp. offers its employees benefits that include medical, dental and vision plans; life and disability insurance; tuition reimbursement; flexible spending accounts; a 401(k) plan; adoption reimbursement; a team player assistance program; discount programs; and perks that include dry cleaning services, work-out facilities and a credit union.
BRANDS/DIVISIONS/AFFILIATES: PHH Mortgage Corp. PHH Arval Speedy Title Appraisal Review Services PHH Mobility PHH Vehicle Management Services
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Terence W. Edwards, CEO Terence W. Edwards, Pres. Clair M. Raubenstine, CFO/Exec. VP William F. Brown, General Counsel/Sr. VP/Corp. Sec. Mark R. Danahy, Sr. VP/CFO-PHH Mortgage George J. Kilroy, CEO/Pres., PHH Arval A. B. Krongard, Chmn.
Phone: 856-917-1744 Fax: 856-917-4326 Toll-Free: Address: 3000 Leadenhall Rd., Mt. Laurel, NJ 08054 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $2,240,000 2007 Profits: $-12,000 U.S. Stock Ticker: PHH 2006 Sales: $2,288,000 2006 Profits: $-16,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $2,680,000 2005 Profits: $72,000 Employees: 5,460 2004 Sales: $2,973,000 2004 Profits: $182,000 Fiscal Year Ends: 12/31 2003 Sales: $2,971,000 2003 Profits: $284,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $1,000,000 Second Exec. Salary: $564,635
Bonus: $36,809 Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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PMI GROUP INC (THE)
www.pmigroup.com
Industry Group Code: 524126B Ranks within this company's industry group: Sales: 3 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 2
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance-Financial Guaranty Mortgage Insurance & Reinsurance Structured Finance Insurance
The PMI Group, Inc. provides financial products for residential mortgages, public finance obligations and assetbacked securities. Products include mortgage insurance and reinsurance; structured finance solutions; and financial guaranty. The company operates in three segments: U.S., international and financial guaranty. Through U.S. its subsidiary, PMI offers mortgage insurance and structured financial products to meet the capital and credit risk mitigation needs of its customers the U.S. market. Through its Australian subsidiaries, the company provides mortgage insurance in Australia and New Zealand. PMI Australia provides credit enhancement products to lending institutions as well as credit enhancement for residential mortgagebacked securitizations. The firm’s European subsidiaries offer mortgage insurance and mortgage credit enhancement products, including primary mortgage insurance, structured portfolio products and reinsurance products. PMI Asia offers mortgage insurance and reinsurance to residential mortgage lenders and investors in Asian markets. PMI, who owns a stake in FCIG Corp., whose subsidiary Financial Guaranty Insurance Company provides financial guaranty insurance for public finance and structured finance obligations. Additionally, PMI owns 50% of CMG Mortgage Insurance Company, a joint venture that provides mortgage insurance exclusively to credit unions. In June 2008, PMI introduced HomeSafePMI.com, a consumer-focused web site that helps homeowners discover alternative options to foreclosure. In July 2008, the company introduced RateQuote 2.0, a webbased tool that allows users to obtain rate quotes and compare multiple mortgage insurance payment plans in one step. In August 2008, the firm signed a definitive agreement with QBE Insurance Group Limited (QBE) for the sale of its Asia operations, PMI Asia. Also, PMI entered into agreement with QBE to sell its Australian mortgage insurance subsidiary and related Australian holding company. The company offers employees medical, dental and vision insurance; domestic partner benefits; a pension plan; a 401(k) plan; an employee stock purchase plan; stock options; an employee assistance program; and tuition reimbursement.
BRANDS/DIVISIONS/AFFILIATES: PMI Mortgage Insurance Co. PMI Australia PMI Europe PMI Canada PMI Asia CMG Mortgage Insurance Company FCIG Group PMI Guaranty Co.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. L. Stephen Smith, CEO Donald P. Lofe, Jr., CFO/Exec. VP Charles F. Broom, Sr. VP-Human Resources & Organizational Dev. Daniel L. Roberts, CIO/Exec. VP Daniel L. Roberts, Exec. VP-Corp. Tech. Solutions Andrew D. Cameron, General Counsel/Group Sr. VP/Sec. Joanne M. Berkowitz, Exec. VP-Risk Mgmt. & Oper. David Berson, Sr. VP/Chief Economist & Strategist Ray D. Chang, Sr. VP/Corp. Treas. Arthur P. Slepian, Exec. VP/Chief Enterprise Risk Officer Glen S. Corso, Group Sr. VP-Public Policy W. Gene Campion, Sr. VP-Servicing Oper., Loss Mitigation & Claims David H. Katkov, Exec. VP L. Stephen Smith, Chmn. Bradley M. Shuster, Pres., Int'l & Strategic Investments
Phone: 925-658-7878 Fax: Toll-Free: 800-280-4764 Address: 3003 Oak Rd., Walnut Creek, CA 94597 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,185,164 2007 Profits: $-915,326 U.S. Stock Ticker: PMI 2006 Sales: $1,078,728 2006 Profits: $419,651 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,019,898 2005 Profits: $409,169 Employees: 1,084 2004 Sales: $1,038,236 2004 Profits: $399,333 Fiscal Year Ends: 12/31 2003 Sales: $891,721 2003 Profits: $299,433 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $800,000 Second Exec. Salary: $475,000
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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PNC FINANCIAL SERVICES GROUP INC Industry Group Code: 522110 Ranks within this company's industry group: Sales: 51 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
www.pnc.com
Profits: 50
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Retail Banking Corporate & Institutional Banking Investment Management Asset Management Global Investment
PNC Financial Services Group, Inc. is a financial services company, with assets totaling over $138.9 billion. The firm operates in four segments: retail banking; corporate and institutional banking; BlackRock; and PFPC. The retail banking segment provides deposit, lending, brokerage, trust, investment management and cash management services to roughly 2.9 million consumer and small business customers through over 1,100 offices, its Pennsylvania call center and its pncbank.com website. PNC’s corporate and institutional banking segment provides lending, treasury management and capital markets products and services to mid-sized corporations, government entities and selectively to large corporations. Lending products include secured and unsecured loans; letter of credit; and equipment leases. Treasury management services include cash and investment management; receivables management; disbursement services; funds transfer services; information reporting; and global trade services. Capital markets-related products and services include foreign exchange, loan syndications, mergers and acquisitions advisory and related services to middle-market companies, securities underwriting and securities sales and trading. The division also provides commercial loan servicing, real estate advisory and technology solutions for the commercial real estate finance industry. BlackRock, Inc. is an investment management firm in the U.S. with assets under management of about $1.357 trillion. PFPC is provider processing, technology and business solutions for the global investment industry. In March 2007, PNC acquired Mercantile Bankshares Corporation, adding 231 branches and 500,000 consumer accounts. In October 2007, PNC acquired Yardville National Bancorp. In December 2007, it acquired Albridge Solutions, Inc., a provider of portfolio accounting and enterprise wealth management services. Also in December 2007, it acquired Coates Analytics, LP, a provider of web-based analytic tools for asset managers. In March 2008, the firm sold J.J.B. Hilliard, W.L. Lyons, a brokerage and financial services company. In April 2008, PNC acquired Sterling Financial Corporation. In October that same year, the firm announced plans to acquire National City Corporation, which will approximately double PNC’s banking business.
BRANDS/DIVISIONS/AFFILIATES: BlackRock, Inc. PFPC National City Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. James E. Rohr, CEO Joseph C. Guyaux, Pres. Richard J. Johnson, CFO Joan L. Gulley, Chief Human Resources Officer Anuj Dhanda, CIO Thomas K. Whitford, Chief Admin. Officer Helen P. Pudlin, General Counsel William S. Demchak, Vice Chmn. Michael J. Hannon, Chief Credit Officer Timothy G. Shack, Chmn., PNC Global Investment Servicing John J. Wixted, Jr., Chief Risk Officer James E. Rohr, Chmn.
Phone: 412-762-2000 Fax: 412-762-7829 Toll-Free: 888-762-2265 Address: 1 PNC Plaza, 249 5th Ave., Pittsburgh, PA 15222 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $10,088,000 2007 Profits: $1,467,000 U.S. Stock Ticker: PNC 2006 Sales: $11,146,000 2006 Profits: $2,595,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $7,937,000 2005 Profits: $1,325,000 Employees: 28,320 2004 Sales: $6,315,000 2004 Profits: $1,197,000 Fiscal Year Ends: 12/31 2003 Sales: $5,969,000 2003 Profits: $1,001,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $950,000 Second Exec. Salary: $620,000
Bonus: $2,625,000 Bonus: $1,218,750
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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POPULAR INC
www.bancopopular.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 68 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 144
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Commercial Loans Electronic Data Processing Investment Banking Leasing Mortgages Consumer Finance Insurance
Popular, Inc. is a bank holding company with consolidated assets of roughly $47.4 billion. Its principal subsidiary, Banco Popular de Puerto Rico, has one of the largest retail franchises in Puerto Rico, operating approximately 191 branches and over 590 ATMs. Banco Popular also operates seven branches in the U.S. Virgin Islands, one branch in the British Virgin Islands and 140 branches in the U.S. Banco Popular has three subsidiaries of its own serving Puerto Rico: Popular Auto, Inc., a vehicle financing, leasing and daily rental company; Popular Finance, Inc., offering small personal loans; and Popular Mortgage, Inc., an issuer of mortgages. Another subsidiary, EVERTEC, Inc. sells and rents data processing equipment and offers consulting services in the U.S., the Caribbean and Latin America. Popular Securities, Inc. offers financial advisory, investment and security brokerage services in the U.S. and Puerto Rico, mainly to institutional and retail customers. Subsidiary Popular International Bank, Inc. has sole ownership of Popular North America, Inc. (PNA); ATH Costa Rica, S.A.; Popular Insurance V.I., Inc.; and T.I.I. Smart Solutions, Inc., a company based in Costa Rica that develops financial processing software and sells hardware, especially ATMs, point-of-sale systems and other communications products. U.S. finance subsidiary Popular Financial Holdings (PFH), operates nearly 160 retail lending offices offering mortgage and personal loans, broker services, warehouse lending, loan servicing and asset acquisitions. PFH, through its subsidiary E-LOAN, provides online consumer direct lending to obtain mortgage, auto and home equity loans. In March 2008, the firm sold a portion of subsidiary Equity One’s consumer finance loan portfolio to American General Finance, Inc. for $1.48 billion. The company also signed agreements to sell the loan and servicing assets of PFH to affiliates of Goldman Sachs and its manufactured housing loan assets to 21st Mortgage Corp. and Vanderbilt Mortgage and Finance, Inc.
BRANDS/DIVISIONS/AFFILIATES: Banco Popular de Puerto Rico Banco Popular North America Popular Financial Holdings E-LOAN Finance, Inc. Popular Mortgage, Inc. EVERTEC UBCI
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Richard L. Carrion, CEO Richard L. Carrion, Pres. Jorge A. Junquera, CFO/Sr. Exec. VP Eduardo Negron, Exec. VP-People Brunilda Santos de Alvarez, Chief Legal Officer Eduardo Negron, Exec. VP-Corp. Comm. David H. Chafey, Jr., Sr. Exec. VP/Pres., Banco Popular de Puerto Rico Felix M. Villamil, Exec. VP/Pres., EVERTEC, Inc. Amilcar Jordan, Exec. VP-Risk Mgmt. Richard L. Carrion, Chmn. Roberto R. Herencia, Pres., Banco Popular North America
Phone: 787-765-9800 Fax: 787-765-1706 Toll-Free: 888-724-3650 Address: 209 Munoz Rivera Ave., Hato Rey, PR 00918 Puerto Rico
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $3,863,921 2007 Profits: $-64,493 U.S. Stock Ticker: BPOP 2006 Sales: $3,873,926 2006 Profits: $357,676 Int’l Ticker: Int’l Exchange: 2005 Sales: $3,451,100 2005 Profits: $540,700 Employees: 12,303 2004 Sales: $2,825,195 2004 Profits: $489,908 Fiscal Year Ends: 12/31 2003 Sales: $2,670,462 2003 Profits: $470,915 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y Y Y Y
Profit Sharing: Y
Top Exec. Salary: $741,600 Second Exec. Salary: $697,500
Bonus: $403,892 Bonus: $177,384
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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PROVIDENT BANKSHARES CORP
web.provbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 122 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 131
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Loans Mortgages Leasing Insurance Investment Management Online Banking
Provident Bankshares Corp. is the bank holding company for Provident Bank, an independent commercial bank in Maryland. The bank serves individuals and businesses in Maryland, Pennsylvania and Virginia through 142 banking offices, the majority located in the Baltimore metropolitan region and the metro Washington and Virginia regions. Locations include traditional banking offices and in-store banking offices located in supermarkets and national retail superstores such as Shoppers Food Warehouse supermarkets, Wal-Mart stores, BJ’s Wholesale Clubs and SuperFresh stores. The company also offers its customers 24-hour banking services through 252 ATMs, as well as telephone and Internet banking. Provident offers consumer and commercial banking products and services through retail and commercial banking groups, with services that include consumer and small business loans; leases and deposit; and investment products. The firm offers financial services including securities brokerage, investment management and insurance services through Provident Investment Company; and leases through Court Square Leasing and Provident Lease Corp. In May 2008, the firm opened a new branch in Maryland. In 2008, the firm announced the sale of its facilities and deposits of six Provident branches in Virginia to Union Bankshares Corporation. The firm offers its employees health, dental and vision insurance, tuition reimbursement, employee assistance program, flexible spending accounts, 401(k) plan, Life, AD&D, short- and long-term disability coverage.
BRANDS/DIVISIONS/AFFILIATES: Provident Investment Company Court Square Leasing Provident Lease Corp. Provident Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Gary N. Geisel, CEO Kevin G. Byrnes, COO Kevin G. Byrnes, Pres. Dennis A. Starliper, CFO/Exec. VP Cheryl Ursida, Dir.-Investor Rel. Stephen K. Heine, Exec. VP-Consumer & Bus. Banking, Provident Bank Robert H. Newton, Jr., Exec. VP-Commercial Banking, Provident Bank H. Les Patrick, Exec. VP-Real Estate Banking, Provident Bank Kenneth J. Waldych, Exec. VP-Credit Admin., Provident Bank Gary N. Geisel, Chmn.
Phone: 410-277-7000 Fax: 410-277-7189 Toll-Free: Address: 114 E. Lexington St., Baltimore, MD 21201 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $502,822 2007 Profits: $32,130 U.S. Stock Ticker: PBKS 2006 Sales: $486,863 2006 Profits: $70,003 Int’l Ticker: Int’l Exchange: 2005 Sales: $431,151 2005 Profits: $72,950 Employees: 1,635 2004 Sales: $378,118 2004 Profits: $61,980 Fiscal Year Ends: 12/31 2003 Sales: $333,545 2003 Profits: $51,455 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $615,750 Second Exec. Salary: $436,156
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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PROVIDENT FINANCIAL SERVICES INC Industry Group Code: 522110 Ranks within this company's industry group: Sales: 135 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
www.providentbanknj.com
Profits: 128
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Investment Services Mortgages Payroll Services Group Health Benefits
Provident Financial Services, Inc. is the holding company for The Provident Bank, a chartered capital stock savings bank that operates 75 branch offices and about 80 ATMs in 10 counties in North and Central New Jersey and emphasizes personal service and customer convenience in serving the financial needs of individuals, families and businesses. Provident attracts deposits from the general public in the areas surrounding its banking offices and uses those funds, together with funds generated from operations and borrowings, to originate commercial real estate loans, residential mortgage loans, commercial business loans and consumer loans. The firm offers traditional banking services such as checking, savings and CD/IRA accounts. To businesses, the company offers cash management, lines of credit, checking and savings accounts as well as special services such as payroll services; escrow account management; group health benefits through a third party; lockbox and safe deposit services; merchant credit accounts; federal tax depository; and touch-tone banking. Provident also offers investment through Provident Investment Services, Inc. These services include investment and insurance planning, financial management and trust and discount brokerage services. In addition, the firm oversees the Provident Bank Foundation, a charitable foundation established by Provident to help fund nonprofit aid in New Jersey. The firm has total consolidated assets of over $5.7 billion, net loans outstanding of approximately $3.7 billion, total deposits of about $3.8 billion and total stockholders’ equity of over $1 billion. In April 2007, the company acquired First Morris Bank & Trust for roughly $124 million.
BRANDS/DIVISIONS/AFFILIATES: Provident Bank (The) Provident Investment Services, Inc. Provident Bank Foundation First Morris Bank & Trust
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Paul M. Pantozzi, CEO Christopher P. Martin, Pres. Linda A. Niro, CFO/Sr. VP John F. Kuntz, General Counsel/Corp. Sec. Kenneth J. Wagner, Sr. VP-Investor Rel. Janet D. Krasowski, Sr. VP-Human Resources, Provident Bank (The) Michael A. Raimonde, Dir.-Retail Banking/Sr. VP-Provident Bank (The) Giacamo Novielli, CIO/Sr. VP-Provident Bank (The) Donald W. Blum, Chief Lending Officer/Exec.VP-Provident Bank (The) Paul M. Pantozzi, Chmn.
Phone: 201-333-1000 Fax: 201-915-5480 Toll-Free: 800-448-7768 Address: 830 Bergen Ave., Jersey City, NJ 07306 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $340,101 2007 Profits: $37,380 U.S. Stock Ticker: PFS 2006 Sales: $314,090 2006 Profits: $53,685 Int’l Ticker: Int’l Exchange: 2005 Sales: $305,683 2005 Profits: $58,499 Employees: 865 2004 Sales: $258,694 2004 Profits: $49,301 Fiscal Year Ends: 12/31 2003 Sales: $208,340 2003 Profits: $18,744 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $655,000 Second Exec. Salary: $375,000
Bonus: $133,049 Bonus: $45,703
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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QUICKEN LOANS INC
www.quickenloans.com
Industry Group Code: 522291 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages Mortgage Products Online Services Consumer Loans Title Services
Quicken Loans, Inc. consists of the quickenloans.com online lending site, Rock Financial branches in southeastern Michigan and One Reverse Mortgage, a reverse mortgages provides. The firm is rated as one of the largest online retail home lenders in the U.S., as well as, the 11th larges retail home lender in the U.S by National Mortgage News. Formerly a subsidiary of Intuit, Inc., the makers of Quicken, Quick Books and Quicken Turbo Tax, the company remains the exclusive loan lender of Intuit. Quicken Loans’ information technology system allows consumers in all 50 states to shop and apply for residential mortgages online through the company’s web site or by telephone through its mortgage call center. Quicken Loans manages seven home lending centers in Arizona, California, Ohio, and Michigan. The company provides direct access to mortgage specialists, real-time loan comparison, answers to financing questions with a personalized touch, comprehensive home financing education and instant loan status information. In addition, customers are able to access the firm’s web site to utilize several mortgage and financial calculators; get pre-approved online; request a free credit report; receive home financing information via Quick Tips; receive information on first time homebuyer programs; free refinancing guideline information; and print loan documents directly from the site. The firm offers conventional, home equity, jumbo and alternative residential loans, with a total of over 150 home loan options to choose from. The company closed over $19 billion in home loans in 2007. In April 2008, the firm launched two websites, Qtopia, an online networking community available to Quicken Loan clients and Quizzle.com, a free financial evaluation tool for potential homebuyers.
BRANDS/DIVISIONS/AFFILIATES: Rock Financial Title Source, Inc. Quickenloans.com Qtopia Quizzle.com
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William Emerson, CEO Patrick McInnis, COO Patrick McInnis, Pres. Frank Laura, CIO Elizabeth Jones, VP-Comm. Bob Walters, Chief Economist/VP-Capital Markets Group Dan Gilbert, Chmn.
Phone: 734-805-5000 Fax: 734-805-8400 Toll-Free: 800-226-6308 Address: 20555 Victor Pkwy., Livonia, MI 48152 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Private 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 2,000 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 7/31 2003 Sales: $392,600 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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R&G FINANCIAL CORP
www.rgonline.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Loans Investment Management Mortgages Insurance Trust Services
R&G Financial Corporation, based in Puerto Rico, is a financial holding company that operates R&G Mortgage Corp.; R-G Premier Bank of Puerto Rico; R-G Insurance Corporation and Continental Capital Corp. The company also owns the Mortgage Store. With the exception of Continental Capital, the subsidiaries primarily serve Puerto Rico. R&G is primarily engaged in providing banking services, which include commercial banking, corporate real estate, business lending, residential construction lending, consumer loans and credit cards as well as trust and investment services through its private banking department. The firm also offers secured lending services such as origination, servicing, purchasing and selling single-family residence mortgages. It operates 37 bank branches and 44 mortgage offices in Puerto Rico. In November 2007, the company completed the sale of its Florida-based savings bank subsidiary R-G Crown Bank to Fifth Third Financial Corporation, a subsidiary of Fifth Third Bancorp, for $259 million. In September 2008, Banco Popular de Puerto Rico agreed to acquire the assets of R&G Mortgage Corp relating to mortgage loans owned by Freddie Mac and the Government National Mortgage Association.
BRANDS/DIVISIONS/AFFILIATES: R&G Mortgage Corp. R-G Premier Bank of Puerto Rico Mortgage Store of Puerto Rico, Inc. (The) R-G Insurance Corp. Continental Capital Corp.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Rolando Rodriguez, CEO Rolando Rodriguez, Pres. Melba Acosta, CFO/Exec. VP/Mgr.-Corp. Risk Hector Secola, Exec. VP-Human Resources Victor G. Fundora, Exec. VP-Prod. Dev. Norberto Medina, General Counsel Victor M. Irizarry, Chief Lending Officer/Exec. VP Jose Antonio Diaz, Pres., R-G Premier Bank Steven Velez, Pres., R-G Mortgage Jean Francois Dumazet, Pres., R-G Insurance Corp. Juan Agosto-Alicea, Chmn.
Phone: 787-758-2424 Fax: 787-766-8175 Toll-Free: Address: 280 Jesus T. Pinero Ave., Hato Rey, San Juan, PR 00918 Puerto Rico
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: RGFC.PK 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 2,519 2004 Sales: $684,800 2004 Profits: $160,200 Fiscal Year Ends: 12/31 2003 Sales: $601,879 2003 Profits: $131,024 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $675,000 Second Exec. Salary: $341,759
Bonus: $2,000,000 Bonus: $200,200
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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RADIAN GROUP INC
www.radiangroupinc.com
Industry Group Code: 524126B Ranks within this company's industry group: Sales: 5 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 3
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance-Financial Guaranty Mortgage Insurance & Services Insurance-Related Services Financial Services Credit Risk Insurance Credit Default Swaps Specialty Consumer Debt Servicing
Radian Group, Inc. is a global credit enhancement company. The firm operates in three segments: mortgage insurance, financial guaranty and financial services. The mortgage insurance segment, which accounted for 58% of revenue in 2007, provides credit protection for mortgage lenders, and other financial services companies, on residential mortgage assets, through traditional mortgage insurance as well as other mortgage-backed structured products. The company provides these products and services through wholly-owned subsidiaries Radian Guaranty, Inc.; Radian Insurance, Inc.; Amerin Guaranty Corp.; and its foreign mortgage insurance subsidiaries, Radian Europe, Ltd. and Radian Australia, Ltd. The financial guaranty segment, responsible for 37% of net sales in 2007, insures and reinsures municipal bonds and other credit-based risks, and provides synthetic credit protection on various asset classes through credit default swaps. The financial services segment, which generated 5% of revenue in 2007, consists mainly of the company’s ownership in Credit-Based Asset Servicing and Securitization LLC, a mortgage investment and servicing firm specializing in credit-sensitive, residential mortgage assets and residential mortgage-backed securities; and in Sherman Financial Services Group LLC, a consumer asset and servicing firm specializing in credit card and bankruptcy-plan consumer assets. In September 2007, Radian Guaranty, Inc. sold a portion of its investment in Sherman Financial Group LLC, a single-source provider of debt recovery solutions for financial institutions and others, for $278 million. The sale was made to an entity owned by Sherman management. The company offers its employees medical, dental and vision insurance; a 401(k) plan; an employee stock purchase plan; life insurance; a pension plan; short- and long-term disability insurance; tuition reimbursement; and an employee assistance program.
BRANDS/DIVISIONS/AFFILIATES: Radian Guaranty, Inc. Radian Insurance, Inc. Amerin Guaranty Corp. Radian Europe, Ltd. Radia Australia, Ltd. Sherman Financial Services Group LLC
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. S. A. Ibrahim, CEO C. Robert Quint, CFO/Exec. VP Rick Gillespie, Sr. VP-Mktg. Rick Altman, Exec. VP-Human Resources Lawrence DelGatto, CIO/Sr. VP Rick Altman, Chief Admin. Officer/Exec. VP Rick Altman, Sr. VP-Corp. Planning Rick Gillespie, Sr. VP-Corp. Comm. Teresa Bryce, Pres., Radian Guaranty, Inc. Stephen D. Cooke, Pres., Radian Asset Assurance, Inc. Jeff Cashmer, Exec. VP/COO, Radian Guaranty, Inc. Herbert Wender, Chmn.
Phone: 215-231-1000 Fax: 215-854-1457 Toll-Free: 800-523-1988 Address: 1601 Market St., Philadelphia, PA 19103 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $201,051 2007 Profits: $-1,290,299 U.S. Stock Ticker: RDN 2006 Sales: $1,327,946 2006 Profits: $582,172 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,298,151 2005 Profits: $522,854 Employees: 832 2004 Sales: $1,364,053 2004 Profits: $518,653 Fiscal Year Ends: 12/31 2003 Sales: $1,363,144 2003 Profits: $385,901 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $791,346 Second Exec. Salary: $455,000
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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RECONTRUST COMPANY
www.recontrustco.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Document Management Services Foreclosure Services
ReconTrust Company, a wholly-owned subsidiary of Countrywide Bank FSB, in turn a subsidiary of Countrywide Financial Corp., is a document custody and collateral processing services company offering products and financial assistance programs to the mortgage industry. The company divides its operations into three segments: document custody services, default services and lien release services. The company’s document custody services, which are provided by Treasury Bank, a division of Countrywide Bank FSB, include collateral processing, imaging, data capture, document inventory, collateral review, certification and trust receipt and safekeeping. The default services segment offers foreclosure, bankruptcy, loss mitigation and eviction services. The lien release services segment provides reconveyances, reinstatement and document preparation services throughout the entire process of lien release. In July 2008, Bank of America completed the acquisition of Countrywide Financial Corp.
BRANDS/DIVISIONS/AFFILIATES: Bank of America Corp. Countrywide Bank FSB Treasury Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Kenneth Lewis, Chmn./CEO/Pres., Bank of America
Phone: 805-577-6031 Fax: 805-577-6069 Toll-Free: 800-281-8219 Address: 1757 Tapo Canyon Rd., Simi Valley, CA 93063 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 2003 Sales: $ 2003 Profits: $ Parent Company: COUNTRYWIDE FINANCIAL CORPORATION
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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REDWOOD TRUST INC
www.redwoodtrust.com
Industry Group Code: 525930 Ranks within this company's industry group: Sales: 3 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 3
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Real Estate Investment Trust Investments-Real Estate Loans & Securities
Redwood Trust, Inc., a real estate investment trust (REIT), primarily invests in high-quality residential real estate loans with a balance greater than $417,000, called jumbo loans, and represent approximately 20% of U.S. residential loans. It also invests in securities backed by those loans. Redwood purchases the loans from originators that do not have the necessary liquidity to continue making loans of that size without first selling the old loan to a capital market company. It does not deal directly with consumers. The firm acquires most of its real estate loans from banks and other large mortgage origination companies throughout the U.S. Its revenues are derived from monthly loan payments made by the property owners. Currently, the company owns or creditenhances more than 660,000 loans; and has $228 billion in total loan balance. Redwood funds the majority of its real estate loan investments through securitizations, whereby it issues non-recourse long-term debt in the form of securities, using the real estate loan investments as collateral.
BRANDS/DIVISIONS/AFFILIATES:
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. George E. Bull, III, CEO Douglas B. Hansen, Pres. Martin S. Hughes, CFO Martin S. Hughes, Head-IT Group Martin S. Hughes, Corp. Sec. Lauren Morgensen, Head-Investor Rel. Andrew I. Sirkis, VP Brett D. Nicholas, Chief Investment Officer Harold F. Zagunis, VP George E. Bull, III, Chmn.
Phone: 415-389-7373 Fax: 415-381-1773 Toll-Free: Address: 1 Belvedere Pl., Ste. 300, Mill Valley, CA 94941 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $855,540 2007 Profits: $-1,108,637 U.S. Stock Ticker: RWT 2006 Sales: $885,160 2006 Profits: $127,532 Int’l Ticker: Int’l Exchange: 2005 Sales: $959,951 2005 Profits: $199,872 Employees: 99 2004 Sales: $655,320 2004 Profits: $232,635 Fiscal Year Ends: 12/31 2003 Sales: $339,622 2003 Profits: $132,394 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $700,000 Second Exec. Salary: $700,000
Bonus: $196,875 Bonus: $196,875
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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REGIONS FINANCIAL CORP
www.regions.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 47 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 53
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Insurance Securities Brokerage Investment Services Trust Services Asset Management Mutual Funds
Regions Financial Corporation is a financial holding company headquartered in Birmingham, Alabama. Regions Bank, with total assets of approximately $140 billion, provides commercial and retail banking services with more than 1,900 branch offices and an ATM network in 16 states, including Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas and Virginia. Regions Financial also operates several subsidiaries that provide financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance, leasing and mortgage banking. The company’s Morgan Keegan and Company, Inc., subsidiary is a fullservice securities brokerage and investment banking firm. It serves individual investors in the southern states and institutional clients throughout the U.S. from over 400 offices in 15 states. Regions Insurance Group, Inc., another subsidiary, is comprised of three mortgage companies: Regions Insurance, Inc., headquartered in Arkansas; and Regions Insurance Services, headquartered in Tennessee. The group offers all lines of personal and commercial insurance, including property, casualty, life, health and accident. Regions Agency, Inc. acts as an insurance agent or broker for credit life insurance, accident and health insurance plans. Regions Interstate Billing Service factors commercial accounts receivable and performs billing and collection service, focusing primarily on clients in the trucking and automotive services industry. Other Subsidiaries include Regions Mortgage, Inc.; Regions Equipment Finance Corporation; and Regions Life Insurance Company. In August 2008, the FDIC chose Regions Financial to acquire approximately $900 million in total deposits, including all uninsured deposits, of Integrity Bank, a recently failed bank based in Atlanta, Georgia. The company provides employees with health care coverage; training and career development; an employee assistance programs that include a referral service for child and elder care; tuition reimbursement program; charitable gift matching; and an associate home ownership program.
BRANDS/DIVISIONS/AFFILIATES: AmSouth Bancorporation Regions Bank Regions Mortgage, Inc. Rebsamen Insurance Services Regions Agency Morgan Keenan & Company ICT Insurance Regions Equipment Finance Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. C. Dowd Ritter, CEO C. Dowd Ritter, Pres. Irene Esteves, CFO/Sr. Exec. VP David B. Edmonds, Sr. Exec. VP-Human Resources Group O. B. Grayson Hall, Jr., Sr. Exec. VP-General Banking Group David H. Rupp, Sr. Exec. VP-Consumer Services Group William C. Wells, II, Sr. Exec. VP-Risk Management Group G. Timothy Laney, Sr. Exec. VP-Bus. Svcs. C. Down Ritter, Chmn.
Phone: 205-944-1300 Fax: 205-326-7756 Toll-Free: Address: 1900 5th Ave. N., Birmingham, AL 35203 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $10,939,051 2007 Profits: $1,251,095 U.S. Stock Ticker: RF 2006 Sales: $7,756,362 2006 Profits: $1,353,145 Int’l Ticker: Int’l Exchange: 2005 Sales: $6,123,800 2005 Profits: $1,000,500 Employees: 33,161 2004 Sales: $4,610,000 2004 Profits: $823,800 Fiscal Year Ends: 12/31 2003 Sales: $3,617,887 2003 Profits: $651,841 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $995,000 Second Exec. Salary: $764,896
Bonus: $1,273,600 Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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RESIDENTIAL CAPITAL LLC (RESCAP) Industry Group Code: 522310 Ranks within this company's industry group: Sales: 3 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
www.gmacmortgage.com
Profits: 9
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages Outsourcing Services
Residential Capital LLC (ResCap), an indirect wholly owned subsidiary of GMAC Financial Services, is one of the nation’s largest residential mortgage originators and servicers, with approximately 3.3 million customers. ResCap operates GMAC Mortgage, GMAC Bank, GMAC Real Estate, and GMAC-RFC. GMAC Mortgage originates multi-family and commercial loans and invests in commercial mortgagebacked bonds through its operating centers in Pennsylvania, Michigan, Iowa, New Jersey and Illinois. This business also originates and services first- and second-lien residential mortgage loans through a nationwide network of retail offices, direct lending centers and web sites using the brand names gmacmortgage.com, ditech.com and CalDirect. GMAC Mortgage’s loan programs range from simple fixedrate mortgages; adjustable-rate mortgages; jumbo loans for large homes; FHA/VA loans, which are reduced down payment programs; and two-step loans, which provides the benefits of both fixed and adjustable rate programs. Besides offering step-by-step guidance on home ownership, the company provides refinancing for a variety of situations and home equity loans and credit lines. GMAC Mortgage also operates BuilderPower, a builder division that is dedicated to helping builders offer financing to customers through a streamlined process and specialty products. Cerberus Capital Management, with a consortium of other investors, owns 51% interest in GMAC Financial Services. In September 2008, ResCap announced a major restructuring, including the closing of all 200 of its retail mortgage offices and the elimination of 5,000 employees, or 60% of its workforce.
BRANDS/DIVISIONS/AFFILIATES: General Motors General Motors Acceptance Corporation Residential Capital LLC gmacmortgage.com ditech.com CalDirect Cerberus Capital Management FIM Holdings LLC
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Thomas Marano, CEO Tony Renzi, COO James N. Young, CFO/Principal Acct. Officer Tammy Hamzehpour, General Counsel Barry Bier, Sr. Exec. VP-Oper. Ralph Flees, Chief Acct. Officer/Controller Thomas Neary, Exec. VP-Capital Markets Thomas Marano, Chmn. Chris Nordeen, Pres., Int'l Bus. Group
Phone: 866-710-4623 Fax: Toll-Free: Address: 1 Meridian Crossings, Minneapolis, MN 55423 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $7,567,883 2007 Profits: $-4,346,338 U.S. Stock Ticker: Private 2006 Sales: $8,169,034 2006 Profits: $705,093 Int’l Ticker: Int’l Exchange: 2005 Sales: $5,797,097 2005 Profits: $1,020,626 Employees: 10,300 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company: GMAC FINANCIAL SERVICES
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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ROYAL BANK OF CANADA
www.rbc.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 21 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 20
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Trust Services Mortgages Wealth Management Services Online Services Consumer & Business Loans Insurance Mutual Funds
Royal Bank of Canada, also known as RBC Financial Group, is a Canadian finance and banking company, with more than 15 million customers in 38 countries around the world. The company is organized into five major lines of business: personal and business banking; wealth management; insurance; corporate and investment banking; and transaction processing services. The company’s domestic banking is done through RBC Royal Bank, RBC Direct Investing, RBC Insurance and RBC Liberty Insurance. The RBC Royal Bank has a retail banking network with over 1,146 branches and 3,946 ATMs in Canada. Internationally, the company provides its services through a number of subsidiaries: RBC Bank (USA), formerly RBC Centura, has over 430 full-service banking centers in five southeast U.S. states; RBC Builder Finance finances U.S. developers; RBC Dexia Investor Services provides global custody services; and RBC Caribbean Banking manages institutions in eight Caribbean countries. The group also offers wealth management services internationally through subsidiary RBC Global Private Banking, which has over 33 offices spread across 21 countries. Subsidiary RBC Wealth Management, formerly RBC Dain Rauscher, Inc., is a full service securities firm. Additionally, Voyageur Asset Management, Inc. offers equity and fixed income investment strategies out of Minnesota. The firm provides private and investment banking; international estate planning and wealth management services; as well as trading, capital markets, reinsurance, securities custody and trade finance services throughout Europe; Asia-Pacific and Australia; South America; and the Middle East. In 2007, the firm completed a number of acquisitions, J.B. Hanauer & Co. and Seasongood & Mayer, LLC. In 2008, the firm acquired Alabama National BanCorporation; Phillips, Hager & North Investment Management Ltd.; RBTT Financial Group; Ferris, Baker Watts, Inc.; 10% of O'Shaughnessy Asset Management, L.L.C.; Richardson Barr & Co.; and the Canadian branch of ABN AMRO Bank N.V.’s commercial leasing division.
BRANDS/DIVISIONS/AFFILIATES: RBC Financial Group RBC Direct Investing RBC Dain Rauscher RBC Centura RBC Capital Markets RBC Royal Bank RBC Builder Finance Alabama National Bancorporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Gordon M. Nixon, CEO Barbara G. Stymiest, COO Gordon M. Nixon, Pres. Janice Fukakusa, CFO David I. McKay, Group Head-Canadian Banking M. George Lewis, Group Head-Wealth Management Charles M. Winograd, Group Head-Capital Markets David P. O'Brien, Chmn. W. James Westlake, Group Head-Int'l Banking & Insurance
Phone: 416-974-5151 Fax: 416-955-7800 Toll-Free: Address: 200 Bay St., Toronto, ON M5J 2J5 Canada
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $43,570,000 2007 Profits: $5,770,000 U.S. Stock Ticker: RY 2006 Sales: $32,162,900 2006 Profits: $4,212,500 Int’l Ticker: RY Int’l Exchange: Toronto-TSX 2005 Sales: $24,995,500 2005 Profits: $2,970,300 Employees: 60,858 2004 Sales: $20,672,000 2004 Profits: $2,311,000 Fiscal Year Ends: 10/31 2003 Sales: $18,828,000 2003 Profits: $2,279,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $1,230,071 Second Exec. Salary: $615,035
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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ROYAL BANK OF SCOTLAND GROUP PLC (THE, RBS) www.rbs.com Industry Group Code: 522110 Ranks within this company's industry group: Sales: 7 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 4
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Insurance Mortgages Credit Cards Investment Products Minting
The Royal Bank of Scotland Group plc (RBS) was founded in 1727 and is one of Europe’s leading financial groups. The firm has over 2,250 office locations and 6,600 ATMs, primarily in Northern Ireland and Scotland. The company does business in the areas of personal finances, wealth management, business and commercial finances and corporate and institutional finance. RBS reorganized in 2008 and now operates along five business lines: global markets, regional markets, RBS insurance, group manufacturing and The Centre. The global markets segment is focused on the provision of debt and equity financing, risk management and transaction banking services to large businesses and financial institutions around the world. The segment divides its operations into global banking and markets and global transaction services. The regional markets segment s organized around the provision of retail and commercial banking to customers in four regions: the U.K., the U.S., Europe and the Middle East and Asia. RBS Insurance sells and underwrites retail and small and medium enterprise (SME) insurance over the telephone and internet, as well as through brokers and partnerships. Its brands include Direct Line, Churchill, Privilege, Green Flag and NIG. Group manufacturing comprises the firm’s worldwide manufacturing operations. It supports the customer-facing businesses and provides operational technology, customer support in telephony, account management, lending and money transmission, global purchasing, property and other services. The Centre comprises group and corporate functions, such as capital raising, finance, risk management, legal, communications and human resources. Brand names include Ulster Bank; Coutts Group; NatWest; Royal Bank of Scotland; Lombard; and Citizens Financial Group. RBS has more than $3.3 trillion in assets under management. The firm recently sold its 50% stake in Tesco Personal Finance to Tesco plc for roughly $1.6 billion. In 2008, RBS lead a trio of investors in the acquisition of banking giant ABN Amro. RBS was forced to accept a massive injection of capital from the U.K. government during the financial crisis of 2008, which will result in the government becoming a controlling shareholder of the firm.
BRANDS/DIVISIONS/AFFILIATES: NatWest Ulster Bank Coutts Group Citizens Financial Group Lombard Churchill Direct Line ABN Amro Holdings NV
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Stephen Hester, CEO Guy Whittaker, Group Dir.-Finance Miller McLean, General Counsel/Group Sec. Iain Allan, Group Dir.-Strategy Gordon Pell, Chmn.-Regional Markets John McCormick, CEO-Asia Pacific Global Banking & Markets Tom McKillop, Chmn. Johnny Cameron, Chmn.-Global Markets
Phone: 44-131-556-8555 Fax: 44-131-523-2055 Toll-Free: Address: 42 St. Andrew Square, Edinburgh, EH2 2YE UK
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $108,450,000 2007 Profits: $14,620,000 U.S. Stock Ticker: RBS 2006 Sales: $82,466,400 2006 Profits: $10,466,400 Int’l Ticker: RBS Int’l Exchange: London-LSE 2005 Sales: $64,211,600 2005 Profits: $7,888,100 Employees: 135,000 2004 Sales: $48,729,000 2004 Profits: $8,691,000 Fiscal Year Ends: 12/31 2003 Sales: $44,315,900 2003 Profits: $7,180,900 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing: Y
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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S1 CORPORATION
www.s1.com
Industry Group Code: 511201 Ranks within this company's industry group: Sales: 2 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 2
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Software-Financial Services Internet Banking Applications
S1 Corporation is a global provider of software and related services that automate the processing of financial transactions. The firm’s solutions are designed for financial organizations including banks, credit unions, insurance companies, transaction processors, payment card associations and retailers. S1 operates in two segments: Enterprise and Postilion. The Enterprise segment represents global banking and insurance solutions primarily targeting larger financial institutions. It supports channels that a bank uses to interact with its customers, including self-service channels like the Internet for personal, business and corporate banking, trade finance, mobile banking, and full service channels such as teller, branch, sales and service and call center. The Postilion segment represents the community financial, full service banking and lending businesses in North America and global payment processing and management solutions. It provides Internet personal and business banking, voice banking and mobile banking solutions to community banks and credit unions, as well as payment processing and management solutions which drive ATMs (automated teller machines) and point-of-sale (POS) devices, to financial institutions, retailers, third-party processors, payments associations and other transaction generating endpoints. In addition, through its FSB Solutions brand, the segment offers full service banking and lending applications including teller sales and service activities and solutions for the call center agent’s desktop. S1 licenses its Postilion suite of online, telephone and mobile banking applications primarily on a subscription only basis. Postilion’s payment processing and management and full service banking solutions are primarily licensed on a perpetual basis. In October 2007, Postilion partnered with VAS Consultoria Empresarial to jointly market its integrated banking and payments solutions in Brazil. S1 offers its employees educational reimbursement, an employee assistance program, an employee referral program, flexible spending accounts and medical, dental, vision, life, AD&D, business travel and disability insurance.
BRANDS/DIVISIONS/AFFILIATES: Enterprise Postilion FSB Solutions
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Johann Dreyer, CEO Johann Dreyer, Pres./Acting Pres., Postilion Greg Orenstein, Chief Legal Officer Greg Orenstein, Sr.VP-Corp. Dev. Steve Dexter, Principal Acct. Officer/VP Jan Kruger, Pres., S1 Enterprise John W. Spiegel, Chmn.
Phone: 404-923-3500 Fax: 404-923-6727 Toll-Free: 888-457-2237 Address: 705 Westech Dr., Norcross, GA 30092 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $204,925 2007 Profits: $19,495 U.S. Stock Ticker: SONE 2006 Sales: $192,310 2006 Profits: $17,902 Int’l Ticker: Int’l Exchange: 2005 Sales: $179,140 2005 Profits: $-1,057 Employees: 1,400 2004 Sales: $185,156 2004 Profits: $15,570 Fiscal Year Ends: 12/31 2003 Sales: $220,953 2003 Profits: $-38,172 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $375,000 Second Exec. Salary: $280,081
Bonus: $307,132 Bonus: $156,890
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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SANTANDER BANCORP
www.santandernet.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 106 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 141
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Securities Brokerage Insurance Asset Management
Santander BanCorp is the financial holding company for Banco Santander Puerto Rico (Banco Santander PR), one of the largest financial institutions in Puerto Rico, with a network of 61 branches and 140 ATMs (automated teller machines). Banco Santander, S.A. directly and indirectly owns approximately 90.6% of Santander BanCorp’s outstanding stock. In addition to Banco Santander PR, subsidiaries of Santander BanCorp include Santander Securities Corporation; Santander Insurance Agency, Inc.; Santander International Bank of Puerto Rico, Inc.; Santander Asset Management Corporation; Santander Financial Services (SFS); Island Insurance Corporation; and Santander PR Capital Trust I. Santander BanCorp has approximately $7.9 billion in assets, as well as $13.3 billion in customer financial assets under management. Banco Santander PR offers a range of financial products and services, including mortgage banking services, to small and medium sized businesses; large corporations; and individual. It also provides specialized products and services to foreign customers through its Santander International Bank of Puerto Rico subsidiary. Santander Securities Corporation is a leading securities broker-dealer in Puerto Rico with approximately $9.4 billion in assets under management. A subsidiary of Santander Securities, Santander Asset Management Corporation manages assets for Puerto Rico investment companies and institutional accounts. Santander Insurance Agency offers life, disability, unemployment and title insurance as a corporate agent, and also operates as a general agent offering bid; payment and performance bonds; and insurance to cover equipment and auto leases. Santander Financial Services, through Island Finance, provides consumer loans and real estate-secured loans to customers, as well as sales finance contracts through retail merchants. Finally, Santander PR Capital Trust issues trust redeemable preferred securities.
BRANDS/DIVISIONS/AFFILIATES: Banco Santander Puerto Rico Banco Santander, S.A. Santander Securities Corporation Santander Insurance Agency, Inc. Santander International Bank of Puerto Rico, Inc. Santander Asset Management Corporation Santander Financial Services Island Insurance Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Carlos M. Garcia, CEO Carlos M. Garcia, Interim Pres. Alberto Aveleyra, Chief Mktg. Officer/Sr. VP Ivonna J. Pacheco, First Sr. VP-Human Resources & Quality Jose Alvarez Giraldez, Exec. VP-IT & Oper. Cecilio Bueno, VP-Admin. Svcs. Rafael S. Bonilla, Sr. VP-Legal & Compliance Pedro Latorre, Sr. VP-Banking Oper. Guillermo Bonini, VP-Internet Banking Juan M. Diaz Soultaire, Sr. VP-Investor Rel. Maria Calero, Chief Acct. Officer/Exec. VP Justo Munoz, Exec. VP-Mortgage & Consumer Banking Tomas Torres, Chief Lending Officer/Exec. VP Hector Calvo, Pres., Santander Insurance Agency, Inc. Juan C. Batlle, Pres., Santander Asset Mgmt. Corp. Gonzalo de Las Heras, Chmn.
Phone: 787-759-7070 Fax: 787-766-1437 Toll-Free: Address: 207 Ponce de Leon Ave., San Juan, PR 00917 Puerto Rico
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $822,330 2007 Profits: $-36,245 U.S. Stock Ticker: SBP 2006 Sales: $736,789 2006 Profits: $43,169 Int’l Ticker: Int’l Exchange: 2005 Sales: $570,922 2005 Profits: $79,806 Employees: 2,622 2004 Sales: $474,400 2004 Profits: $84,500 Fiscal Year Ends: 12/31 2003 Sales: $445,500 2003 Profits: $39,400 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 12 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $650,000 Second Exec. Salary: $525,016
Bonus: $502,000 Bonus: $352,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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SEI INVESTMENTS CO
www.seic.com
Industry Group Code: 523920 Ranks within this company's industry group: Sales: 2 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Outsourced Investment Management Services Processing Services Asset Management Software Investment Services Consulting Services Back Office Software & Services
SEI Investments Co. is a global provider of investment processing, fund processing and investment management business outsourcing solutions, with $197 billion in assets under management in more than a dozen countries. The firm also markets financial software products and computer processing services to assist trust institutions in managing investments. The company’s principal subsidiaries are SEI Investments Distribution Company (SIDCO), a broker dealer; SEI Investments Management Corporation (SIMC), an investment advisor; and SEI Private Trust Company (SPTC), which provides processing, reporting and custody services, as well as automating and centralizing clients’ trust accounting, income collections, securities settlement and securities processing functions. SEI operates in six units: Private Banks, for financial institutions; Investment Advisors, for wealthy individuals; Institutional Investors, for retirement plan sponsors and not-for-profit organizations; Investment Managers, for investment managers, mutual fund firms and hedge fund managers; LSV Asset Management, for institutions and investment companies; and Investments in New Businesses, which provides investment management programs to affluent families residing in the United States and Europe both directly and through the SEI Wealth Network. The TRUST 3000 product line offers back-office accounting and processing services to trust institutions, allowing them to outsource their trust operations and related investment functions. SEI provides investment solutions to pension plan sponsors, hospitals, foundations, endowment funds and other institutional investors. For corporate clients, the company assists in developing investment programs to meet cash flow needs by coordinating investment strategies with expected disbursements. SEI also provides administration and distribution services to mutual funds sponsored or held by financial institutions. In September 2008, the company announced a strategic partnership with ANB Invest, a subsidiary of Arab National Bank, to deliver comprehensive investment solutions to investors living in Saudi Arabia. Employees of SEI receive an incentive compensation program; life, medical, dental and vision coverage; and an on-site fitness center.
BRANDS/DIVISIONS/AFFILIATES: SEI Investments Distribution Company SEI Investments Management Corp. SEI Private Trust Company TRUST 3000 SEI Wealth Network
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Alfred P. West, Jr., CEO Dennis J. McGonigle, CFO/Exec. VP Jeffrey Klauder, General Counsel/Exec. VP Kathy C. Heilig, Chief Acct. Officer Joseph P. Ujobai, Exec. VP-Private Banks Stephen G. Meyer, Exec. VP-Investment Managers Edward D. Loughlin, Exec. VP Alfred P. West, Jr., Chmn.
Phone: 610-676-1000 Fax: 610-676-2995 Toll-Free: 800-342-5734 Address: 1 Freedom Valley Dr., Oaks, PA 19456-1100 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,369,028 2007 Profits: $259,809 U.S. Stock Ticker: SEIC 2006 Sales: $1,175,749 2006 Profits: $236,990 Int’l Ticker: Int’l Exchange: 2005 Sales: $773,007 2005 Profits: $188,344 Employees: 2,330 2004 Sales: $692,300 2004 Profits: $169,000 Fiscal Year Ends: 12/31 2003 Sales: $636,233 2003 Profits: $142,981 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities: Y
Y Y Y
Profit Sharing:
Top Exec. Salary: $310,000 Second Exec. Salary: $250,000
Bonus: $570,000 Bonus: $500,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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SEVEN & I HOLDINGS CO LTD
www.7andi.com
Industry Group Code: 445120 Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Retail Operations Insurance-Health, Property & Specialty IT/Information Services Convenience Stores Restaurants Superstores & Supermarkets Department Stores Banking Services & Electronic Cash Cards
Seven & I Holdings Co., Ltd is a holding company that performs the planning, management and operations of a large network of companies based in Japan. The seven in its name refers both to its 7-Eleven franchise and to its seven business areas: convenience stores; general merchandise stores; department stores; supermarkets; food-services; financial services, including insurance; and IT/service businesses. In its convenience store sector, the company’s subsidiaries include Seven-Eleven Japan Co., Ltd.; 7-Eleven, Inc.; Seven-Eleven Hawaii, Inc.; and Seven-Eleven Beijing Co., Ltd. Through these subsidiaries the company owns and operates 11,837 7-Eleven-brand convenience stores in Japan and just over 4,000 in the U.S. The company’s general merchandise stores segment consists of a number of stores chains, including Japanese fashion giant, Ito-Yokado Co., Ltd. Seven & I’s department store segment consists of such stores as Millennium Retailing, Inc. and The Seibu Department Stores, Ltd. The supermarket segment, which consists of Japanese-style, multilevel, multi-service superstores, includes York-Benimaru Co., Ltd. and York Mart Co. The food service segment is made up of Seven & I Food Systems Co., Ltd., a holding company that was established in January 2007 to integrate three of subsidiaries that operated in the same business area. This wholly-owned subsidiary consists of former Denny’s Japan Co.; Famil Co., Ltd.; and York Bussan K.K. The finance services segment of Seven & I includes Seven Bank, Ltd. and K.K. York Insurance, which respectively provide banking and insurance services to customers in Japan. Seven Bank operates 13,000 ATMs. The IT/Services segment’s operations are consolidated under the recently created Seven & i Netmedia Co., Ltd., and primarily consist of online marketplace and auction web sites.
BRANDS/DIVISIONS/AFFILIATES: Seven Eleven Japan Co., Ltd. 7-Eleven Inc. Ito Yokado Co., Ltd. Millennium Retailing, Inc. Seibu Department Stores, Ltd. (The) K.K. York Insurance York-Benimaru Co., Ltd. Seven & I Food Systems Co., Ltd.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Toshifumi Suzuki, CEO Noritoshi Murata, COO Noritoshi Murata, Pres. Tadahiko Ujiie, CFO Katsuhiro Goto, Chief Admin. Officer Noritomo Banzai, Sr. Exec. Officer Sakue Mizukoshi, Managing Exec. Officer Minoru Inaoka, Managing Exec. Officer Toshifumi Suzuki, Chmn.
Phone: 81-3-6238-3000 Fax: 81-3-6238-3492 Toll-Free: Address: 8-8, Nibancho, Chiyoda-ku, Tokyo, 102-8452 Japan
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $48,523,850 2007 Profits: $1,212,720 U.S. Stock Ticker: 2006 Sales: $33,584,241 2006 Profits: $758,026 Int’l Ticker: 3382 Int’l Exchange: Tokyo-TSE 2005 Sales: $31,107,800 2005 Profits: $147,703 Employees: 147,708 2004 Sales: $30,408,900 2004 Profits: $460,425 Fiscal Year Ends: 2/28 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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SHINSEI BANK LIMITED
www.shinseibank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 76 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 147
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking
Shinsei Bank Limited is a Japanese financial institution offering basic banking and lending; credit training and principle investment; capital market services; securitization; corporate advisory and revitalization; wealth management; and asset management. Shinsei operates roughly 39 locations throughout Japan, including 34 Shinsei Financial Centers, two BankSpots and two Platinum Centers. The firm operates in three divisions: institutional banking, consumer and commercial finance and retail banking. Institutional banking offers loan, real estate non-recourse finance, asset management, credit trading and principal investment operations. This division accounted for approximately 34.7% of 2007 revenues. The consumer and commercial finance division offers several products including installment sales credit, credit cards, consumer loans and guarantee/collection services to individuals primarily through merchant partners. consumer, commercial and specialty property finance. This division accounted for roughly 48.5% of 2007 revenues. The retail banking division offers basic financial services such as housing loans, mutual funds and variable annuities. This segment accounted for approximately 13% of 2007 revenues. The firm’s largest shareholder is J.C. Flowers & Co. LLC; the second largest shareholder is the Japanese government. In July 2008, Shinsei signed an agreement with GE Japan Holdings to acquire its Japanese consumer finance business, GE Consumer Finance Co. Ltd., for approximately $5.4 billion.
BRANDS/DIVISIONS/AFFILIATES: GE Consumer Finance Co. Ltd. Shinsei Securities Co., Ltd.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Thierry Porte, CEO Thierry Porte, Pres. Rahul Gupta, CFO Thomas Pedersen, Head-People Dhananjaya Dvivedi, CIO/Sr. Managing Exec. Officer Akira Ito, General Counsel/Sr. Managing Exec. Officer Thomas Pedersen, Head-Comm. Rahul Gupta, Group Financial Controller Sang-Ho Sohn, CEO-Institutional Group Junzo Tomii, Exec. VP Masazumi Kato, Exec. VP Thomas Pedersen, Chief Learning Officer Masamoto Yashiro, Chmn.
Phone: 81-3-5511-5111 Fax: Toll-Free: Address: 2-1-8 Uchisaiwai-cho, Chiyoda-ku, Tokyo, 100-8501 Japan
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $2,418,400 2007 Profits: $-603,700 U.S. Stock Ticker: 2006 Sales: $4,566,100 2006 Profits: $753,400 Int’l Ticker: 8303 Int’l Exchange: Tokyo-TSE 2005 Sales: $1,848,300 2005 Profits: $667,600 Employees: 5,245 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 3/31 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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SLM CORPORATION
www.salliemae.com
Industry Group Code: 522291 Ranks within this company's industry group: Sales: 2 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 7
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Education Finances
SLM Corp., more commonly known as Sallie Mae, a holding company operating through a number of subsidiaries, provides education finances. The firm’s main business is to originate and hold student loans by providing funding, delivery and servicing support for education loans in the U.S. through its participating in the Federal Family Education Loan Program and through offering non-federally guaranteed Private Education Loans. The company operates in two segments: lending business and asset performance group (APG). Through the lending business segment, SLM originates and acquires federally guaranteed loans and private education loans and serves about 10 million student and parent customers. Lender brands include Academic Management Services; Nellie Mae; Sallie Mae Educational Trust; SLM Financial; Student Loan Funding Resources; Southwest Student Services; and Student Loan Finance Association. The APG segment, through six operating units, provides a wide range of accounts receivable and collections services including student loan default aversion services, defaulted student loan portfolio management services, contingency collections services for student loans and other asset classes, primarily a contingency or pay for performance business. The firm also provides accounts receivable management and collections services on consumer and mortgage receivable portfolios that it purchases. SLM owns Upromise, a provider of savings for college programs through marketing and loyalty services. In 2007, the company originated $25.5 billion in loans. In September 2008, SLM announced intentions to make $10 billion worth of student loans not backed by the federal government available by the end of 2009. The company offers its employees medical, dental and vision insurance; a 401(k) plan; life and disability insurance; tuition reimbursement; an employee scholarship program; and an employee assistance program.
BRANDS/DIVISIONS/AFFILIATES: Academic Management Services Nellie Mae Sallie Mae Education Trust SLM Financial Student Loan Funding Resources Southwest Student Services Student Loan Finance Association Upromise
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Albert L. Lord, CEO Jack Remondi, CFO Barry S. Feierstein, Exec. VP-Sales & Mktg. Robert S. Autor, Exec. VP-Tech. Michael E. Sheehan, General Counsel/Sr. VP Robert S. Autor, Exec. VP-Oper. J. Lance Franke, Exec. VP-Finance John Hewes, Exec. VP/Chief Lending Officer Kenneth Fischbach, Sr. VP-Corp. Finance Steve O'Connell, Sr. VP-Structured Finance David West, Sr. VP/Chief Credit Officer Anthony P. Terracciano, Chmn.
Phone: 703-810-3000 Fax: 703-984-5042 Toll-Free: Address: 12061 Bluemont Way, Reston, VA 20190 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $10,627,207 2007 Profits: $-896,394 U.S. Stock Ticker: SLM 2006 Sales: $9,139,996 2006 Profits: $1,156,956 Int’l Ticker: Int’l Exchange: 2005 Sales: $6,581,470 2005 Profits: $1,382,384 Employees: 11,000 2004 Sales: $5,266,885 2004 Profits: $1,913,270 Fiscal Year Ends: 12/31 2003 Sales: $4,398,041 2003 Profits: $1,533,560 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 6 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $750,000 Second Exec. Salary: $400,000
Bonus: $1,500,000 Bonus: $531,599
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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SNS REAAL NV
www.snsreaal.nl
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 50 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 59
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Non-life Insurance Housing and Commercial Mortgages Investment Services Life Insurance
SNS REAAL N.V. is a Netherlands-based is a financial services provider that targets both the household market and the small- to medium-sized business market. The company is divided into two divisions: SNS Bank and REAAL Verzekering. SNS Bank offers housing and commercial mortgages, investment, savings and insurance products through wholly-owned offices and independent intermediaries. SNS Bank also offers services through the Internet and by telephone. It has over 170 branches throughout the Netherlands. REAAL Verzekeringen operates through independent intermediaries to sell life insurance, including unit-linked policies and pensions, and non-life insurance. Its subsidiary Proteq sells non-life insurance to consumers directly via the Internet. SNS Reaal concentrates its activities in the retail-plus market. It also has niche and specialist brands including ASN Bank, BLG Hypotheken, CVB Bank, SNS Securities and SNS Asset Management. SNS REALL has over $168.2 billion in total assets. In April 2007, REAAL Verzekering signed an agreement with Ordina to outsource its administrative work relating to mortgage loans. Ordina will only provide services relating to third party loans; REAAL will continue to administer its own mortgages. In April 2008, SNS REAAL acquired Zwitserleven, including Zwitserleven Asset Management, and Swiss Life Belgium. In July 2008, the company then sold Swiss Life Belgium to Delta Lloyd Group. In June 2008, the company began upgrading its Internet banking capabilities, with all basic products to be available online by 2010.
BRANDS/DIVISIONS/AFFILIATES: SNS Bank REAAL Verzekering Proteq
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Sjoerd van Keulen, CEO Ronald Latenstein van Voorst, CFO Cor van den Bos, CEO-REAAL Verzekeringen Sjoerd van Keulen, Chmn.
Phone: 31-30-291-52-00 Fax: 31-30-291-51-32 Toll-Free: Address: Croeselaan 1, Utrecht, 3521 The Netherlands
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $10,240,000 2007 Profits: $680,000 U.S. Stock Ticker: 2006 Sales: $4,705,900 2006 Profits: $489,500 Int’l Ticker: SR Int’l Exchange: Amsterdam-AMS 2005 Sales: $ 2005 Profits: $ Employees: 5,609 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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SOCIETE GENERALE GROUP
www.socgen.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 8 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 52
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Business Finance Life Insurance Investment Management Securities Consumer Credit Services
Societe Generale Group (SG), based in Paris, France, is a financial service group in Europe, with operations in over 82 countries. Societe Generale’s numerous subsidiaries are divided into three core businesses: retail banking and specialized financial services such as business finance, consumer credit, securities and life insurance activities; global investment management and services, which includes the company’s group asset management and private banking business; and corporate and investment banking, which includes corporate banking, fixed income, equity and advisory activities. In France, the company owns retail bank Credit du Nord. In the U.S., the company’s primary subsidiaries are the TCW Group, an investment management company, and SG Cowen Securities, SG Americas, Inc. and SG Americas Securities, LLC, all involved in corporate investment and banking. The firm also operates through Fimat, a global securities services subsidiary for investors, offering services including execution, clearing, delivery, custody settlement, employee share plan management and trustee, fund and portfolio administration. In August 2008, SG acquired 15% of Vietnam’s South-East Asia Bank. In September 2008, SG announced it plans to set up a subsidiary in China. The firm also established a joint venture with State Bank of India and with Splitska Banka in Croatia. In September 2008, SG Equipment Finance announced plans to expand into Brazil. Also in 2008, Societe Generale Consumer Finance acquired General Financing in Lithuania and signed an agreement with Banque PSA Finance to expand in Russian markets. Societe Generale Securities Services opened a new Hong Kong branch in September 2008.
BRANDS/DIVISIONS/AFFILIATES: Credit du Nord TCW Group SG Cowen Securities Fimat SG Equipment Finance Splitska Banka Cube Financial Bank Republic
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Frederic )udea, CEO Didier Valet, Group CFO Anne Marion-Bouchacourt, Sr. Exec. VP-Corp. Resources & Human Rel. Christian Schricke, Corp. Sec./Sr. Exec. VP/Head-Compliance Hugues Le Bret, Head-Corp. Comm. Philippe Citerne, Deputy CEO Didier Alix, Deputy CEO Didier Hauguel, Group Chief Risk Officer Alain Py, Chmn./CEO-Credit du Nord Daniel Bouton, Chmn. Jean-Pierre Mustier, CEO-Societe Generale Global Investment Mgmt
Phone: 33-1-42-14-20-00 Fax: Toll-Free: Address: 29 Blvd. Haussmann, Paris, 75009 France
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $103,440,000 2007 Profits: $1,300,000 U.S. Stock Ticker: SCGLY 2006 Sales: $84,485,700 2006 Profits: $6,550,500 Int’l Ticker: GLE Int’l Exchange: Paris-Euronext 2005 Sales: $64,441,900 2005 Profits: $5,524,400 Employees: 119,799 2004 Sales: $22,587,800 2004 Profits: $4,262,500 Fiscal Year Ends: 2003 Sales: $19,778,200 2003 Profits: $3,128,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $1,275,268 Second Exec. Salary: $765,224
Bonus: $2,933,408 Bonus: $1,619,751
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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SONY FINANCIAL HOLDINGS INC
www.sonyfh.co.jp
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 2 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 2
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Life Insurance Banking Investments Annuities Securities Brokerage Mortgage Protection Insurance Automobile Insurance Cancer Insurance
Sony Financial Holdings, Inc. operates primarily through three subsidiaries: Sony Life Insurance Co., Ltd; Sony Assurance, Inc.; and Sony Bank Inc. Sony Life’s signature product, called Lifeplanner, attempts to tailor life insurance to each customer’s needs. Under the Sony Life Insurance umbrella is its subsidiary, Sony Life Insurance (Philippines) Corporation. Sony Assurance offers the firm’s non-life insurance products, marketing to customers directly over the telephone and Internet. Some products offered are auto insurance, cancer insurance and long-term fire insurance for mortgage loans. Sony Bank offers largely Internet-based banking services, focusing on asset management for individuals. A subsidiary of Sony Bank, Sony Bank Securities Inc. deals with financial products and exchange business. In 2007 and 2008, Sony Bank entered into partnerships with Seven Bank, Ltd.; Daikyo Realdo Inc.; Daikyo Realdo Inc., ITOCHU HOUSING Co.; Ltd.; Hoosiers Corporation; Asahi Kasei Real Estate, Ltd.; Meiwa Estate Co., Ltd.; and Towa Real Estate Development Co., Ltd. The partnerships will enable these organizations to accept mortgage loans offered by Sony Bank. In February 2008, Sony Financial Holdings agreed to acquire the outstanding shares of Sony Bank, Inc. held by Sumitomo Mitsui Banking Corporation. This will convert Sony Bank to a wholly-owned subsidiary. In July 2008, Sony Bank entered into agreement with LAWSON ATM Networks, Inc. and E-net Co., Ltd. Under the terms of the agreement, Sony Bank accountholders will be able to make use of ATMs located in Lawson and MINISTOP stores. The firm offers employees several volunteer and social opportunities such as the Sony Life Volunteers’ Club, which supports victims of earthquakes in Japan; and Volunteer Day, honoring the anniversary of the company’s founding by encouraging employees to implement community-building ideas.
BRANDS/DIVISIONS/AFFILIATES: Sony Life Insurance Sony Life Insurance (Philippines) Corp. Sony Assurance, Inc. Sony Bank Inc. Sony Securities, Inc. Seven Bank, Ltd. ITOCHU HOUSING Co. Daikyo Realdo Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Teruhisa Tokunaka, Pres. Hiromichi Fujikata, Exec. VP Taro Okuda, Pres., Sony Life Insurance Co., Ltd. Shinichi Yamamoto, Pres., Sony Assurance, Inc. Shigeru Ishii, Pres., Sony Bank, Inc.
Phone: 81-3-5785-1070 Fax: Toll-Free: Address: 1-1, Minami Aoyama 1-chome, Minato-ku, Tokyo, 1070062 Japan
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $6,842,040 2007 Profits: $90,304 U.S. Stock Ticker: 2006 Sales: $6,837,460 2006 Profits: $103,966 Int’l Ticker: 6735 Int’l Exchange: Tokyo-TSE 2005 Sales: $5,886,989 2005 Profits: $57,449 Employees: 6,000 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 3/31 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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SOUTH FINANCIAL GROUP (THE)
www.thesouthgroup.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 123 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 112
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Consumer & Commercial Lending Benefits Administration Insurance Investment Management Mortgages Trust Services Brokerage Services
The South Financial Group, Inc. (TSFG) is a financial holding company operating primarily through Carolina First Bank, a commercial bank. The subsidiary operates in North and South Carolina as Carolina First Bank, in Florida as Mercantile Bank and on the Internet as Bank CaroLine. Carolina First provides a range of financial services including deposits; loans; treasury management; merchant processing; full-service brokerage and investments; business and personal finance; trust; investment management; and financial planning. The bank has 79 branch offices in South Carolina, 66 in Florida and 27 in North Carolina. It has approximately $13.9 billion in assets, $10.2 billion in loans, $9.8 billion in deposits, $1.6 billion in shareholders’ equity and $1.1 billion in market capitalization. Non-banking subsidiaries of TSFG include American Pensions, Inc.; Bowditch Insurance Corporation; Carolina First Community Development Corporation; Koss Olinger; South Group Insurance Services, Inc.; and Summit Title, LLC. American Pensions is a retirement plan administrator headquartered in South Carolina, with 224 retirement plan accounts and approximately $667 million in plan assets. Bowditch Insurance is a property and casualty insurance company operating in North Florida. Carolina First Community Development underwrites low-income community business loans. Koss Olinger is a financial planning group based in Florida. South Group Insurance Services operates an insurance agency business primarily in the Midlands area of South Carolina. Summit Title is a North Carolina limited liability insurance agency based in North Carolina. TSFG additionally has three real estate investment trust subsidiaries. In July 2007, Mercantile Bank was merged with and into Carolina First Bank, becoming a division of Carolina First and operating under the Mercantile. In June 2008, the firm acquired five retail branch offices in Orlando, Florida. TSFG offers its employees tuition reimbursement, an employee assistance program, fitness centers, a dependent care reimbursement program and medical, dental, vision, life and cancer insurance.
BRANDS/DIVISIONS/AFFILIATES: Carolina First Bank Mercantile Bank American Pensions, Inc. Carolina First Community Development Corporation Koss Olinger South Group Insurance Services South Financial Asset Management, Inc. Bowditch Insurance Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Tanya A. Butts, COO/Exec. VP James R. Gordon, CFO/Sr. Exec. VP Mary A. Jeffrey, Corp. Dir.-Human Resources/Exec. VP Tanya A. Butts, CTO William P. Crawford, Jr., General Counsel/Exec. VP Andrew B. Cheney, Chmn.-Florida J. W. Davis, Chmn.-North Carolina Robert H. Dewey, Exec. VP/Dir.-Corp. Banking Christopher S. Gompper, Exec. VP/Dir.-Corp. Financial Svcs.
Phone: 864-255-7900 Fax: 864-239-2280 Toll-Free: 888-590-3001 Address: 102 S. Main St., Greenville, SC 29601 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $496,092 2007 Profits: $73,276 U.S. Stock Ticker: TSFG 2006 Sales: $519,276 2006 Profits: $112,866 Int’l Ticker: Int’l Exchange: 2005 Sales: $809,507 2005 Profits: $69,821 Employees: 2,474 2004 Sales: $677,476 2004 Profits: $119,508 Fiscal Year Ends: 12/31 2003 Sales: $351,629 2003 Profits: $83,583 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $875,000 Second Exec. Salary: $350,000
Bonus: $200,000 Bonus: $50,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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SOVEREIGN BANCORP INC
www.sovereignbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 62 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 148
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Banking Payroll Services Loans Insurance Retirement Planning Mortgages Leasing Specialty Lending
Sovereign Bancorp, Inc. is the parent company of Sovereign Bank. The firm is a $90 billion financial institution, with 750 community branch offices and over 2,300 ATMs throughout the Northeastern U.S. Sovereign Bank offers services to consumers, businesses, corporations and institutions. The firm’s business is run through four divisions: personal, business, corporate, and government. Personal banking services consist of online banking, check cards, educational loans, mortgages, insurance, personal loans and retirement planning. Businesses are offered escrow services, lines of credit, term loans, SBA loans, leasing, investment options, money market accounts, capital market accounts, cash services, credit card payment processing, payroll services, insurance services and tax services. Corporate services include import letters of credit; specialty lending; and vehicle and equipment leasing. Government services include information reporting; benefits consulting; investment and sweeps accounts; and government note financing. In March 2007, Sovereign introduced Health Savings Account (HSA) Learning Tools, an online service for health insurance brokers, employers and employees aimed at improving understanding of the benefits of enrolling in HSAs. In October 2008, Banco Santander, agreed to acquire the three-fourths of Sovereign Bancorp that it didn't already own, at a price of $1.9 billion. Sovereign offers its employees an insurance package including life, medical, and dental insurance; 401(k) with company match; employee stock purchase plan (ESPP); a computer purchase plan; a legal assistance program; fitness program; academic scholarships for employees and dependents; tuition reimbursement; and banking and financial education programs.
BRANDS/DIVISIONS/AFFILIATES: Sovereign Bank Banco Santander Independence Community Bank Corp Staten Island Bancorp
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Kirk W. Walters, Interim CEO Kirk W. Walters, Interim Pres. Kirk W. Walters, CFO Robert W. Galea, Chief Mktg. Officer Thomas J. McAuliffe, Managing Dir.-Human Resources Kirk W. Walters, Chief Admin. Officer Andrew P. Gully, Sr. VP/Managing Dir.-Corp. Affairs Robert M. Rose, Exec. VP/Credit Risk Management Officer Patrick J. Sullivan, Exec. VP/Managing Dir.-Commercial Bank Salvatore J. Rinaldi, Exec. VP Matthew A. Kerin, Managing Dir.-Corp. Specialties Group Paul Michael Ehlerman, Chmn.
Phone: 610-320-8400 Fax: 610-320-8448 Toll-Free: 877-768-2265 Address: 1500 Market St., Philadelphia, PA 19102 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $5,274,065 2007 Profits: $-1,349,262 U.S. Stock Ticker: Subsidiary 2006 Sales: $4,923,940 2006 Profits: $136,911 Int’l Ticker: Int’l Exchange: 2005 Sales: $3,565,251 2005 Profits: $676,160 Employees: 10,427 2004 Sales: $2,706,400 2004 Profits: $453,600 Fiscal Year Ends: 12/31 2003 Sales: $2,451,974 2003 Profits: $401,851 Parent Company: BANCO SANTANDER CENTRAL HISPANO SA
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan: Y
Y
Profit Sharing:
Top Exec. Salary: $826,923 Second Exec. Salary: $543,270
Bonus: $1,250,000 Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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STANDARD & POORS (S&P)
www.standardandpoors.com
Industry Group Code: 561450 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Financial Information Credit Ratings Securities Indices Equity Research Risk Services Mutual Funds Data Services
Standard & Poor’s (S&P), a wholly-owned subsidiary of McGraw-Hill Companies, Inc., is one of the world’s largest providers of credit ratings, financial-market indices and other investment related products and services. Products and services offered by the company include credit ratings, equity research, indices, funds, risk solutions, governance services, evaluations and data services. S&P’s best known index is the S&P 500, which is one of the world’s premier U.S. largecap indexes and a benchmark for many major index funds. Other indices track Canadian, European and Asian stock markets, as well as emerging economies, commodities, composite spreads and hedge funds. Over $1.5 trillion in investment assets is directly tied to S&P indexes and more than $5 trillion is benchmarked to S&P indices. The S&P Global 1200 covers 29 markets and approximately 70% of global market capitalization. The company’s equity research division provides independent investment information on over 2,000 stocks for financial institutions, corporations, universities, libraries, financial advisors and individual investors. S&P’s Risk Solutions division helps clients develop, enhance and validate their credit assessment processes, perform research, model credit risk and train analysts. The firm also offers a number of mutual funds, including money market funds, bond funds, management quality and select funds, government investment pools and equity funds. Lastly, the data services segment provides research data on companies, funds, indices and securities pricing. S&P is the parent company of Capital IQ, which provides information on companies, markets and people to over 1,500 client firms including investment banks, investment management firms, private equity firms and corporations; Compustat, which supplies fundamental company, index and industry information; and RatingsDirect, the web-based source for S&P’s global credit ratings, research and risk analysis that covers more than 8 million ratings and 240,000 reports on companies in more than 96 countries.
BRANDS/DIVISIONS/AFFILIATES: McGraw Hill Cos Inc S&P 500 S&P Global 1200 Capital IQ Compustat RatingsDirect
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Deven Sharma, Pres. Vickie A. Tillman, Exec. VP
Phone: 212-438-2000 Fax: 212-438-7375 Toll-Free: Address: 55 Water St., New York, NY 10041 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $2,400,000 2005 Profits: $ Employees: 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $1,700,000 2003 Profits: $ Parent Company: MCGRAW HILL COS INC
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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STANDARD CHARTERED PLC
www.standardchartered.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 39 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 38
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Loans Wealth Management Credit Cards Trade Finance
Standard Chartered plc is an international banking company with 1,750 branches in over 70 countries and territories. It generates approximately 90% of its income from the regions of Asia, the Middle East and Africa; and has additional operations in the U.K. and the Americas. The firm’s consumer operations, serving over 14 million customers, include personal loans, mortgages and credit cards; deposit taking and wealth management services for small to medium-sized businesses; and personal accounts. Wholesale banking, for large corporate and institutional clients, includes trade finance, cash management, lending, foreign exchange, debt capital markets and corporate financing. Besides these services, the firm also offers Saadiq Islamic Banking, offering personal and wholesale products tailored to meet the mandates of Shariah, the Islamic law, and general Islamic values. The name Saadiq means truthful, in Arabic. In May 2007, the company opened the headquarters of The Standard Chartered Private Bank in Singapore, targeting high net worth individuals with operations in Hong Kong, mainland China, Korea, India, the Middle East and the U.K. In September 2007, the firm agreed to acquire Pembroke Group Ltd., from Medulla Asset Managers Ltd. for an undisclosed amount. The acquisition would increase Standard Chartered’s ability to offer aircraft leasing and other financing solutions in its target market of Asia, the Middle East and Africa. In December 2007, the company acquired Harrison Lovegrove & Co. Ltd., a financial advisor in the oil and gas industry, for an undisclosed amount. In February 2008, Standard Chartered acquired American Express Bank Ltd. (AEB) from the American Express Company for $823 million. AEB, which has $22.5 billion in assets under management, 10,000 customers and operations in 47 countries, will be integrated into The Standard Charter Private Bank over the next 24 months. Employees of Standard Chartered receive some medical and retirement benefits and annual leave. Nearly half of the firm’s employees are women.
BRANDS/DIVISIONS/AFFILIATES: Saadiq Islamic Banking Standard Chartered Private Bank (The) Harrison Lovegrove & Co. Ltd. American Express Bank Ltd.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Peter Sands, Group CEO Richard Meddings, Group Exec. Dir.-Finance Tim Miller, Dir-People, Property & Assurance Gerard Lyons, Group Head-Research/Chief Economist Arijit De, Group Head-Media Rel. Mike Rees, CEO-Wholesale Banking Peter Flavel, Global Head-The Standard Chartered Private Bank Steve Bertamini, Group Exec. Dir.-Consumer Banking Jaspal Singh Bindra, Dir.-Asia/Dir.-Standard Chartered Bank E. Mervyn Davies, Chmn. Gareth Bullock, Dir.-EMEA & The Americas
Phone: 44-20-7280-7500 Fax: 44-20-7280-7791 Toll-Free: Address: 1 Aldermanbury Sq., London, EC2V 7SB UK
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $21,250,000 2007 Profits: $2,810,000 U.S. Stock Ticker: SCBFF.PK 2006 Sales: $8,620,000 2006 Profits: $2,354,000 Int’l Ticker: STAN Int’l Exchange: London-LSE 2005 Sales: $6,896,000 2005 Profits: $1,971,000 Employees: 59,205 2004 Sales: $7,714,000 2004 Profits: $1,479,000 Fiscal Year Ends: 12/31 2003 Sales: $6,737,000 2003 Profits: $1,018,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Y Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Y Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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STATE STREET CORP
www.statestreet.com
Industry Group Code: 523920 Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 2
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Investment Management & Mutual Fund Services Investment Company Services Investment Management Trust, Custodial & Transfer Services Mutual Fund Services Back Office Services Foreign Exchange Services Trading Services
State Street Corp., with roughly $15.3 trillion in assets under custody and $1.98 trillion under management, provides a full range of products and services for global investors through its subsidiaries. The firm conducts its business primarily through subsidiary State Street Bank and Trust Company. Clients include mutual funds and other collective investment funds, corporate and public pension funds, investment managers and others. State Street operates in 26 countries and over 100 geographic markets worldwide. The firm has three main lines of business: investment servicing, investment management and investment research and trading. The investment servicing branch oversees mutual funds, collective investment funds, corporate and public retirement plans, insurance companies, foundations and endowments. The investment management segment, operating via State Street Global Advisors, encompasses all asset classes, risk strategies and investment approaches for institutional investors worldwide. The research segment provides specialized investment research and trading in foreign exchange, equities, fixed income, derivatives and money market products. In July 2008, State Street Corporation and Citigroup sold their jointly-owned benefits servicing business, CitiStreet, to ING Group for approximately $900 million. State Street offers its employees flexible spending accounts, adoption assistance, educational assistance and dental and vision coverage.
BRANDS/DIVISIONS/AFFILIATES: State Street Bank and Trust Company State Street Global Advisors Currenex Investors Financial Services Corp.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Ronald E. Logue, CEO Joseph L. Hooley, COO Joseph L. Hooley, Pres. Edward J. Resch, CFO/Treas./Exec. VP David C. O'Leary, Exec. VP-Global Human Resources Christopher Perretta, Exec. VP/CIO David C. Phelan, Exec. VP/General Counsel David J. Gutschenritter, Exec. VP-Treas. Jayne K. Donahue, Chief Compliance Officer Maureen J. Miskovic, Chief Risk Officer Jeffrey N. Carp, Chief Legal Officer/Corp. Sec./Exec. VP Drew J. Breakspear, Exec. VP/Gen. Auditor Ronald E. Logue, Chmn.
Phone: 617-786-3000 Fax: Toll-Free: Address: One Lincoln St., Boston, MA 02111 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $8,336,000 2007 Profits: $1,261,000 U.S. Stock Ticker: STT 2006 Sales: $6,311,000 2006 Profits: $1,106,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $5,473,000 2005 Profits: $838,000 Employees: 27,110 2004 Sales: $4,951,000 2004 Profits: $798,000 Fiscal Year Ends: 12/31 2003 Sales: $4,734,000 2003 Profits: $722,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 18 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $1,000,000 Second Exec. Salary: $725,000
Bonus: $3,750,000 Bonus: $1,937,500
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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STUDENT LOAN CORP
www.studentloan.com
Industry Group Code: 522291 Ranks within this company's industry group: Sales: 4 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 2
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Consumer Loans Student Loans
Student Loan Corporation, a market leader in education finance, originates, manages and services federally insured student loans through a trust agreement with Citibank, N.A., an indirect wholly-owned subsidiary of Citigroup, Inc. The company, 80% owned by Citibank, is one of the nation’s largest originators and holders of Federal Family Education Loan (FFEL) program loans. Student Loan Corporation also holds and originates student loans that are not insured under the program. Its main alternative lending program operates under the name CitiAssist, and allows students, whether entering undergraduate, graduate, law or health professional school, to borrow up to the full cost of their education. The company manages a student loan portfolio of $36.5 billion. Earnings are primarily generated by the spread between the interest earned on its loan assets and the interest paid on its borrowings. Student Loan Corporation services most of the directly originated loans throughout their duration. In October 2007, the Student Loan Corporation introduced the Citibank Private Consolidation Loan, which allows consumers to consolidate all of their student loans into a single loan, regardless of the original lender or lenders. Consumers using this loan product can choose between a fixed or variable interest rate. In January 2008, the company decided to stop insuring new CitiAssist Loan originations, as a response to changing insurance laws and the condition of the U.S. economy. In April 2008, the company also suspended lending at certain schools and withdrew from the Federal Consolidation Loan market.
BRANDS/DIVISIONS/AFFILIATES: CitiAssist Citibank, N.A. Citigroup Inc
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael J. Reardon, CEO Michael J. Reardon, Pres. Scot Parnell, CFO John Vidovich, Exec. Dir.-Sales Christine Y. Homer, General Counsel/Sec./VP Joseph Guage, Controller/Chief Acct. Officer Patricia A. Morris, Chief Credit Officer/VP Michael J. Reardon, Chmn.
Phone: 203-975-6320 Fax: 203-975-6299 Toll-Free: Address: 750 Washington Blvd., Stamford, CT 06901 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,744,931 2007 Profits: $182,691 U.S. Stock Ticker: STU 2006 Sales: $1,869,254 2006 Profits: $286,813 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,456,670 2005 Profits: $308,960 Employees: 583 2004 Sales: $980,700 2004 Profits: $285,000 Fiscal Year Ends: 12/31 2003 Sales: $852,830 2003 Profits: $212,204 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $323,333 Second Exec. Salary: $255,042
Bonus: $630,000 Bonus: $350,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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SUMITOMO MITSUI FINANCIAL GROUP (SMFG) Industry Group Code: 522110 Ranks within this company's industry group: Sales: 29 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
www.smfg.co.jp
Profits: 31
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Credit Card Services Unsecured Small Card Loans Commercial Banking Management Consulting Data Processing Leasing
Sumitomo Mitsui Financial Group, Inc. (SMFG) is the parent company of Sumitomo Mitsui Banking Corporation (SMBC), Sumitomo Mitsui Card Co., Ltd., SMBC Leasing Co., Ltd. and The Japan Research Institute, Ltd. SMBC, the original company in the financial group, is a wholly-owned subsidiary that offers banking services at more than 1,489 locations across Japan. It also has 40 international offices, and is one of the world's largest banks. Sumitomo Mitsui Card Company was the first company to issue the Visa card in Japan. The Japan Research Institute offers integrators, consultants and think-tanks for information technology issues, and recently established a new subsidiary, JRI Solutions, Ltd., to target customers outside the company. Sumitomo Mitsui Finance and Leasing Company, Ltd. offers corporate leasing and installment, operating leasing and rental business, real estate leasing and financial solutions. Some of the company’s other subsidiaries are engaged in the following activities. Sakura Card Co., Ltd. offers credit card services. SMBC Loan Business Planning Co., Ltd., provides management support services. SMBC Friend Securities offers security services throughout Japan. The Japan Net Bank, Ltd. offers commercial banking through the Internet. SMBC Consulting Co., Ltd. is a management consultancy. Financial Link Company, Ltd., offers data processing services and e-trading consultancy. Lastly, Sakura K.C.S. Corporation provides system engineering and data processing. In June 2007, the company dissolved its subsidiary SMFG Corporate Recovery Servicer Co., Ltd. In July 2007, QUOQ, Inc. became a subsidiary of SMFG and SMBC. In February 2008, the company announced plans to merge Central Finance Co., Ltd., OMC Card, Inc. and QUOQ, Inc. In July 2008, Sumitomo Mitsui Card Company dissolved its subsidiary The Japan Card Business Support Co., Ltd. In September 2008, JRI Solutions, Ltd., agreed to a capital and business alliance with NTT DATA in the IT services field.
BRANDS/DIVISIONS/AFFILIATES: Sumitomo Mitsui Banking Corporation Sumitomo Mitsui Card Co., Ltd. JRI Solutions, Ltd. Japan Research Institute, Ltd. (The) Sumitomo Mitsui Finance and Leasing Company, Ltd. Sakura Card Co., Ltd. SMBC Friend Securities SMBC Consulting Co., Ltd.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Teisuke Kitayama, Pres./Chmn-SMBC Junsuke Fujii, Dir.-Human Resources & General Affairs Hideo Shimada, Dir.-IT Planning/Sr. Managing Dir.-SMBC Takeshi Kunibe, Dir.-Corp. Planning Dept./Managing Dir.-SMBC Takeshi Kunibe, Dir.-Public Rel. & Corp. Risk Mgmt. Department Takeshi Kunibe, Dir.-Financial Acct./Dir.-Subsidiaries & Affiliate Shigeru Nishiyama, Deputy Pres., Audit Osamu Endo, Dir.-Consumer Bus. Planning/Managing Dir., SMBC Hiroki Nishio, Sr. Managing Dir.-Audit Dept. Wataru Ohara, Sr. Managing Dir.-SMBC/Corp. Risk Mgmt. Dept. Masayuki Oku, Chmn./Pres., SMBC
Phone: 81-3-5512-3411 Fax: Toll-Free: Address: 1-2, Yurakucho 1-Chome, Chiyoda-Ku, Tokyo, 1000006 Japan
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $33,040,000 2007 Profits: $3,760,000 U.S. Stock Ticker: SMFJY 2006 Sales: $33,354,200 2006 Profits: $3,773,400 Int’l Ticker: 8316 Int’l Exchange: Tokyo-TSE 2005 Sales: $33,450,000 2005 Profits: $-2,182,000 Employees: 21,020 2004 Sales: $34,735,000 2004 Profits: $4,127,700 Fiscal Year Ends: 3/31 2003 Sales: $29,356,600 2003 Profits: $-3,883,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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SUNTRUST BANKS INC
www.suntrust.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 44 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 47
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Corporate Finance Credit Cards Factoring Discount Brokerage Mutual Funds Investment Management
SunTrust Banks, Inc. is one of the largest commercial banking organizations in the U.S., with total assets of $177 billion as of June 2008. The firm operates nearly 1,700 branches and over 2,500 ATMs in Alabama, Arkansas, Florida, Georgia, Maryland, Tennessee, Virginia, North and South Carolinas, West Virginia and Washington, D.C. The company operates under five business segments: retail, commercial, corporate and investment banking, mortgage and wealth and investment management. SunTrust’s primary banking services include deposit, credit, trust and investment services, as well as credit cards, mortgage banking, insurance, brokerage and capital markets services. In addition, SunTrust offers Internet, PC and telephone banking. Key subsidiaries include Asset Management Advisors, LLC, which provides financial, investment advisory and family wealth management services; Premium Assignment Corp., providing insurance premium financing to small businesses; SunTrust Capital Markets, Inc., providing securities underwriting and broker/dealer services; SunTrust Leasing Corp., providing equipment-related lease financing to businesses; and SunTrust Mortgage, Inc., one of the country's largest bank-owned mortgage companies. In February 2008, the firm sold First Mercantile Trust Company to MassMutual Life Insurance Company. In May 2008, the company acquired GB&T Bancshares, Inc., of Atlanta. The transaction adds $1.5 billion in deposits and 17 banking offices to SunTrust’s presence in North and Central Georgia. In August 2008, SunTrust acquired, from the FDIC, $225 million in FDIC-insured deposits from First Priority Bank, after the FDIC closed the Florida-based bank. SunTrust offers its employees an in-house training and development program, tuition assistance, child and elder care resources, an employee assistance program, adoption assistance and a dependent care flexible spending account, as well as a 401(k) savings plan and a retirement plan.
BRANDS/DIVISIONS/AFFILIATES: Asset Management Advisors, LLC Premium Assignment Corp. SunTrust Capital Markets, Inc. SunTrust Leasing Corp. SunTrust Mortgage, Inc. GB&T Bancshared, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. James M. Wells III, CEO James M. Wells III, Pres. Mark A. Chancy, CFO/Exec. VP Rilla Delorier, Chief Mktg. Officer Timothy E. Sullivan, CIO/Exec. VP David F. Dierker, Chief Admin. Officer Raymond D. Fortin, General Counsel/Exec. VP/Corp. Sec. Thomas E. Freeman, Chief Credit & Risk Officer Sterling Edmunds, Jr., CEO/Pres., SunTrust Mortgage, Inc. Gay O. Abbott, Head-Commercial Banking Line of Bus. C. Eugene Kirby, Head-Retail Banking Line of Bus. James M. Wells III, Chmn.
Phone: 404-588-7711 Fax: Toll-Free: 800-786-8787 Address: 303 Peachtree St. NE, Atlanta, GA 30308 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $13,826,315 2007 Profits: $1,634,015 U.S. Stock Ticker: STI 2006 Sales: $13,310,869 2006 Profits: $2,117,471 Int’l Ticker: Int’l Exchange: 2005 Sales: $10,893,508 2005 Profits: $1,987,239 Employees: 32,323 2004 Sales: $7,864,519 2004 Profits: $1,572,901 Fiscal Year Ends: 12/31 2003 Sales: $7,249,355 2003 Profits: $1,332,297 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $1,000,000 Second Exec. Salary: $608,111
Bonus: $110,683 Bonus: $238,356
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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SUNTRUST MORTGAGES INC
www.suntrustmortgage.com
Industry Group Code: 522310 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages
SunTrust Mortgages, Inc., one of the nation's largest bankowned mortgage companies, writes, purchases, sells and services loans throughout Virginia, Maryland, North Carolina, South Carolina, Georgia, Alabama, Tennessee, Florida and Washington, D.C. The company is a subsidiary of SunTrust Banks, Inc., a nationwide commercial banking organization with $177.4 billion in total assets and approximately 1,700 banking branches offering banking services including credit cards, mortgage banking, insurance, brokerage and capital marketing services through traditional, Internet and telephone banking. SunTrust Mortgages operates through 205 locations in SunTrust Bank areas. It also maintains correspondent and broker relationships in 49 states and services loans in 50 states and Washington, D.C. The firm has over $158.8 billion in serviceable assets and generates additional revenue through its tax service subsidiary, ValuTree Real Estate Services, LLC and its captive reinsurance subsidiary, Cherokee Insurance Company. SunTrust offers its employees an employee assistance program, tuition assistance, in-house training through SunTrust University, a dependent care flexible spending account, adoption assistance, a 401(k) plan, a retirement plan, and medical, dental and vision insurance.
BRANDS/DIVISIONS/AFFILIATES: SunTrust Bank ValuTree Real Estate Services, LLC Cherokee Insurance Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Sterling Edmunds, Jr., CEO Sterling Edmunds, Jr., Pres. Sean Sievers, Sr. Financial Officer/Sr. VP Cheryl A. Nolda, Exec. VP/Dir.-Mktg. Heather Rosenberg, Sr. Mgr.-Human Resources Relationship Robert S. Reynolds, Chief Admin. Officer/Exec. VP Marvin Watts, Exec. VP/Mgr.-Oper. & Servicing James M. Wells III, Pres./CEO/Chmn.-Suntrust Banks, Inc. Glenn A. Carter, Exec. VP/Group Mgr.-Mid-Atlantic Scott Maxwell, Exec. VP/Group Mgr.-Florida Niki Scott, Exec. VP/Group Mgr.-Central
Phone: 804-291-0740 Fax: 804-291-0495 Toll-Free: Address: 901 Semmes Ave., Richmond, VA 23224-2270 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company: SUNTRUST BANKS INC
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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SUSQUEHANNA BANCSHARES INC
www.susquehanna.net
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 114 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 115
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Trust Services Investment Services Asset Management Insurance Loans Mortgages
Susquehanna Bancshares, Inc., with $13.5 billion in assets, provides retail and commercial banking and financial services in the mid-Atlantic region through its subsidiaries. The company’s commercial bank subsidiaries provide retail banking services, including checking accounts, debit cards, money market accounts, certificates of deposit, individual retirement accounts, home improvement loans, automobile loans and Internet banking services. The commercial bank subsidiaries also offer commercial banking services, including business checking accounts, cash management services, commercial loans, land acquisitions, and equipment and working capital lines of credit through 235 branch locations. The firm’s banking operations, formerly operated through subsidiaries Susquehanna Patriot Bank, Susquehanna Bank PA and Susquehanna Bank, were consolidated in late 2008 and now consist of 235 Susquehanna-branded branches operating in Pennsylvania, New Jersey, Maryland and West Virginia. Susquehanna’s non-bank subsidiaries include The Addis Group, LLC, which provides commercial, personal property and casualty insurance and risk management programs for medium-sized and large companies; Susquehanna Trust & Investment Company, which provides traditional trust and custodial services and acts as administrator, executor, guardian and managing agent for individuals, businesses and nonprofit entities; Valley Forge Asset Management Corp., which offers investment advisory, asset management and brokerage services for institutional and high-net-worth individual clients, and retirement benefits planning services; Boston Service Company, Inc., or Hann Financial Service Corp., which provides consumer vehicle financing services; and Susquehanna Commercial Finance, Inc., which provides commercial leasing services. In August 2007, the firm acquired Widmann, Siff & Co., Inc., an investment advisory company. In November 2007, the company acquired Community Banks, Inc., with branches in Pennsylvania and Maryland. In May 2008, Susquehanna acquired Stratton Holding Company, an investment management company.
BRANDS/DIVISIONS/AFFILIATES: Susquehanna Patriot Bank Addis Group, LLC (The) Valley Forge Asset Management Corp. Boston Service Company Inc Susquehanna Commercial Finance Inc Susquehanna Trust & Investment Company Minotola National Bank Widmann, Siff & Co Inc
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William J. Reuter, CEO Eddie L. Dunklebarger, COO Eddie L. Dunklebarger, Pres. Drew K. Hostetter, CFO/Exec. VP Rodney A. Lefever, CTO/Sr. VP Edward Balderston, Jr., Chief Admin. Officer/Exec. VP/Chief Ethics Officer Lisa M. Cavage, General Counsel/Sr. VP/Corp. Sec. Edward J. Wydock, Chief Risk Officer/Sr. VP Peter J. Sahd, Sr. VP/Group. Exec. Michael M. Quick, Exec. VP/Chief Corp. Credit Officer William J. Reuter, Chmn.
Phone: 717-626-4721 Fax: 717-626-1874 Toll-Free: Address: 26 N. Cedar St., Lititz, PA 17543-7000 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $658,673 2007 Profits: $69,093 U.S. Stock Ticker: SUSQ 2006 Sales: $600,053 2006 Profits: $83,638 Int’l Ticker: Int’l Exchange: 2005 Sales: $512,100 2005 Profits: $79,600 Employees: 2,974 2004 Sales: $436,349 2004 Profits: $70,180 Fiscal Year Ends: 12/31 2003 Sales: $387,770 2003 Profits: $62,373 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $693,000 Second Exec. Salary: $370,614
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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SVB FINANCIAL GROUP
www.svb.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 113 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 88
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Lending Services Asset Management Investment Banking Online Banking Trade & Foreign Exchange Services Mutual Funds Advisory Services
SVB Financial Group (SVB), formerly Silicon Valley Bancshares, is a financial holding company with Silicon Valley Bank as its principal subsidiary. The company helps entrepreneurs, specifically within the technology, life science, private equity and premium wine niches. The bank operates through five business segments: commercial banking, SVB capital, SVB analytics, global financial services and private client service and other. SVB’s commercial banking segment provides domestic and international cash management services including deposit services, collection services, disbursement services, electronic funds transfers and online banking through SVBeConnect. The SVB capital segment, formerly the firm’s merchant banking segment, provides banking services to private equity and venture capital firms, makes private equity and venture capital fund investments and establishes and maintains international alliances with venture capital firms. The company’s SVB analytics division provides fair market company valuations and corporate equity tracking and administrative services to private venture capital-backed companies. The global financial services segment facilitates clients’ expansion into major technology centers worldwide by utilizing the company’s network of contacts. The private client services and other group provides a range of credit services to high net-worth individuals, as well as providing individual investment advisory services through subsidiary Woodside Asset Management, Inc. In recent news, the SVB analytics segment was expanded in April 2007 through the acquisition of the IRC 409A valuation practice of Rosebud Consulting, Inc. and the IP assets of Corporate Finance Outsourcing, which acted as Rosebud's delivery partner. In July 2007, the company began winding down the operations of its investment banking arm and major subsidiary, SVB Alliant. In August 2008, the firm created a joint venture, SVB India Finance Pvt. Ltd., which provides debt capital to high growth companies in India. The company provides its staff with an employee assistance plan, dependent care accounts, commuter reimbursement, credit union membership and a company store.
BRANDS/DIVISIONS/AFFILIATES: Silicon Valley Bank SVBeConnect SVB Securities SVB Alliant eProsper, Inc. SVB Analytics CapMx SVB India Advisors Pvt. Ltd.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Kenneth P. Wilcox, CEO David Webb, COO Kenneth P. Wilcox, Pres. Michael Descheneaux, CFO Chris Edmonds-Waters, Head-Human Resources David Webb, CIO Mary Dent, General Counsel/Corp. Sec. Marc Verissimo, Chief Strategy Officer Harry W. Kellogg, Vice Chmn.-SVB Mark MacLennan, Pres., SVB Capital Gregory W. Becker, COO-Silicon Valley Bank Alex W. Hart, Chmn. Mary Dent, COO-SVB Global
Phone: 408-654-7400 Fax: 408-496-2405 Toll-Free: Address: 3003 Tasman Dr., Santa Clara, CA 95054-1191 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $664,770 2007 Profits: $123,638 U.S. Stock Ticker: SIVB 2006 Sales: $528,845 2006 Profits: $89,385 Int’l Ticker: Int’l Exchange: 2005 Sales: $433,954 2005 Profits: $92,537 Employees: 1,190 2004 Sales: $352,172 2004 Profits: $65,376 Fiscal Year Ends: 12/31 2003 Sales: $285,799 2003 Profits: $11,977 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y Y
Profit Sharing:
Top Exec. Salary: $566,320 Second Exec. Salary: $286,886
Bonus: $435,000 Bonus: $205,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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SVENSKA HANDELSBANKEN AB
www.handelsbanken.se
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 67 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 73
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Business Finance Investment Banking Asset Management Pensions Insurance
Svenska Handelsbanken AB, founded in 1871, is an international bank with 675 branches in 20 countries. Svenska Handelsbanken conducts business in five segments: branch operations; markets; asset management; pensions and insurance; and other operations. Branch office operations consist of 461 Swedish branches, with 40 branches in Denmark, 44 in Finland, 46 in Norway and 49 in Great Britain. There are an additional 35 branches in 17 other countries. The company’s Handelsbanken markets segment is organized into four business areas. Capital Markets is the bank’s investment bank, comprising corporate finance, structured products and research. Markets International handles trade finance, export, project finance and banking operations outside the Nordic countries and the U.K. Financial Institutions is responsible for monitoring countries, banks and other financial institutions. Cash Management and Payments, the bank’s central function, provides development and sales support for payment products. The Handelsbanken asset management segment includes fund management, discretionary management and Nordic custody services. Besides its services aimed at companies, institutions and private individuals, the asset management segment provides investment, portfolio systems and accounting support to the Svenska Handelsbanken branch offices. The Handelsbanken pensions and insurance segment comprises Handelsbanken Liv and SPP, two profit distributing companies providing life insurance products for occupational and private pensions as well as asset protection schemes for companies, organizations and private individuals. The subsidiaries’ services are sold through the bank’s branch offices, sales organizations, independent brokers, workplaces and direct marketing. In September 2007, the company agreed to merge with Stadshypotek Bank, with Svenska Handelsbanken as the surviving company. In December 2007, Svenska Handelsbanken sold its SPP subsidiary to Storebrand, a leading occupational pension company in the Nordic region. In September 2008, the company acquired Lokalbanken i Nordsjælland a/s.
BRANDS/DIVISIONS/AFFILIATES: Handelsbanken Finans Handelsbanken Liv SPP Storebrand Stadshypotek Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Par Boman, CEO Par Boman, Pres. Anna Ramberg, Head-Human Resources Jan Haeggstoem, Head-Handelsbanken Markets Research Anders H. Johansson, Head-IT Mikael Hallaker, Head-Investor Rel. Goran Stille, Head-Regional Bank Northern Sweden Olle Lindstrand, Head-Central Credit Thommy Mossinger, Head-Regional Bank Stockholm Anders Ohlner, Head-Regional Bank Eastern Sweden Petri Hatakka, Head-Handelsbanken Int'l
Phone: 46-8-701-10-00 Fax: Toll-Free: Address: Kungstradgardsgatan 2, Stockholm, SE-106 70 Sweden
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $4,350,000 2007 Profits: $240,000 U.S. Stock Ticker: 2006 Sales: $4,312,700 2006 Profits: $1,915,500 Int’l Ticker: SHBA Int’l Exchange: Stockholm-SSE 2005 Sales: $ 2005 Profits: $ Employees: 10,163 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 7 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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SYNOVUS FINANCIAL CORP
www.synovus.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 75 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 65
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Investment Management Trust Services Insurance Mortgages Transaction Processing Services Financial Planning Leasing
Synovus Financial Corporation is a diversified financial services company with approximately $34 billion in assets and operating two distinct lines of business. Its financial services business offers leasing services, mortgages, safe deposit boxes, credit cards and banking services through a network of 37 wholly-owned bank subsidiaries located throughout Georgia, Alabama, Florida, South Carolina and Tennessee. Synovus banks provide a number of commercial banking services, including commercial, agricultural and real estate loans. The banks also offer retail banking services, such as demand and savings deposits, consumer and mortgage loans, trust services and investment services. Synovus operates six primary financial services subsidiaries. Synovus Securities, Inc. specializes in professional portfolio management for fixed-income securities. Synovus Trust Company, N.A. provides trust services such as retirement plans, and endowment services. Synovus Mortgage Corp. offers conventional FHA (Federal Housing Administration) and VA (Veterans Administration) loans as well as alternative lending and housing produtcs. Synovus Insurance Services, Inc. offers homeowner, auto and life insurance as well as estate and executive benefit planning. Creative Financial Group, Ltd. offers tax, financial planning and asset management services mainly to commercial clients. GLOBALT, Inc. manages seven large cap and mid cap growth equity products. The company’s payment processing business is run through 81% owned Total Systems Services (TSYS), Inc., one of the world’s largest electronic payment processors of consumer credit, debit, commercial, private-label, stored value, chip and retail cards. In December 2007, Synovus spun-off TSYS, providing company shares to its stockholders. In September 2008, the company merged its Monroe, Georgia-based bank, National Bank of Walton County, with Athens First Bank & Trust (AFB&T), based in Athens, Georgia. Company benefits include adoption assistance; flexible work hours and job sharing; flexible spending accounts; tuition assistance; a prescription drug program; profit sharing; and banking discounts.
BRANDS/DIVISIONS/AFFILIATES: Synovus Securities, Inc. Synovus Trust Company, N.A. Synovus Mortgage Corp. Synovus Insurance Services, Inc. Creative Financial Group, Ltd. GLOBALT, Inc. Total Systems Services, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Richard E. Anthony, CEO Fred L. Green, III, COO Fred L. Green, III, Pres. Thomas J. Prescott, CFO/Exec. VP Elizabeth R. James, Chief People Officer Elizabeth R. James, CIO Samuel F. Hatcher, General Counsel/Sec./Sr. Exec. VP Calvin Smyre, Exec. VP-Corp. Affairs Pat Reynolds, Dir.-Investor Rel. J. Barton Singleton, Exec. VP-Financial Mgmt. Svcs. Leila S. Carr, Chief Retail Officer/Exec. VP Kevin J. Howard, Chief Credit Officer Mark G. Holliday, Chief Risk Officer Richard E. Anthony, Chmn.
Phone: 706-649-4818 Fax: 706-641-6555 Toll-Free: Address: 1111 Bay Ave., Ste. 500, Columbus, GA 31901 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $2,627,432 2007 Profits: $526,305 U.S. Stock Ticker: SNV 2006 Sales: $4,152,170 2006 Profits: $616,917 Int’l Ticker: Int’l Exchange: 2005 Sales: $3,414,704 2005 Profits: $516,446 Employees: 6,807 2004 Sales: $2,680,031 2004 Profits: $437,033 Fiscal Year Ends: 12/31 2003 Sales: $2,430,821 2003 Profits: $338,925 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y Y Y
Profit Sharing: Y
Top Exec. Salary: $869,000 Second Exec. Salary: $500,000
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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TCF FINANCIAL CORPORATION
www.tcfbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 90 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 72
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Discount Brokerage Commercial Leasing & Finance Mutual Funds Annuities Loans Life Insurance
TCF Financial Corporation, with assets of $16 billion, is the holding company of TCF Bank. The bank’s primary products include consumer, commercial and residential mortgage loans and deposit account products. TCF also provides commercial leasing and equipment finance, insurance, securities brokerage and mutual funds. The bank emphasizes loans to individuals and small to medium-sized businesses in its primary market areas. The company operates 453 banking offices consisting of 194 traditional branches, 244 supermarket branches, 15 campus branches, Express Teller ATMs and Visa U.S.A., Inc. cards. TCF currently operates 109 branches in Minnesota, 202 in Illinois, 56 in Michigan, 46 in Colorado, 31 in Wisconsin, five in Indiana and four in Arizona. The company operates integrated businesses on college campuses, such as at the Universities of Minnesota and Michigan, where it issues multipurpose campus cards that additionally serve as school identification, ATM card, library card, security card and stored value card for vending machines or similar uses. Customers can also perform certain banking functions, such as viewing account balances and transferring funds between accounts, online through TCFExpress.com. Subsidiary TCF Mortgage Corp. purchases, originates, sells and services residential first mortgage loans. Another subsidiary of the firm, TCF Financial Insurance Agency, Inc., is engaged in the sale of fixed-rate, single-premium tax-deferred annuities and life insurance products. TCF Securities sells non-proprietary mutual fund products, as well as certain variable-rate annuities. In March 2007, TCF Bank Michigan completed the sale of 10 branch offices to Independent Bank Corporation. In August 2008, the firm created a new subsidiary, TCF Inventory Finance, Inc., which specializes in the inventory floorplan finance business in the U.S. and Canada. The company provides full- and part-time employees with tuition reimbursement, $1,000 employee referral awards and health and dependent care flexible spending accounts.
BRANDS/DIVISIONS/AFFILIATES: TCF National Bank TCF Securities TCFExpress.com TCF Mortgage Corp. TCF Financial Insurance Agency, Inc. TCF Check Cashing TCF Miles Plus TCF Inventory Finance, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Lynn A. Nagorske, CEO Neil W. Brown, COO Neil W. Brown, Pres. Thomas F. Jasper, CFO/Exec. VP Candace H. Lex, Exec. VP/Chief Mktg. Officer Barbara E. Shaw, Sr. VP-Human Resources Earl D. Stratton, CIO/Exec. VP Gregory J. Pulles, General Counsel/Corp. Sec. Jason Korstange, Sr. VP-Corp. Comm. Stacey Juola, Asst. VP-Investor Rel. Mark W. Rohde, Pres., TCF Bank Lakeshore Craig R. Dahl, Exec. VP Timothy B. Meyer, Pres., TCF Bank Arizona Timoty P. Bailey, Pres./CEO-TCF Bank William A. Cooper, Chmn.
Phone: 612-661-6500 Fax: 952-745-2773 Toll-Free: Address: 200 Lake St. E., Wayzata, MN 55391-1693 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,091,634 2007 Profits: $266,808 U.S. Stock Ticker: TCB 2006 Sales: $1,026,994 2006 Profits: $244,943 Int’l Ticker: Int’l Exchange: 2005 Sales: $995,932 2005 Profits: $265,132 Employees: 8,183 2004 Sales: $981,777 2004 Profits: $254,993 Fiscal Year Ends: 12/31 2003 Sales: $1,105,143 2003 Profits: $215,878 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Y Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $700,024 Second Exec. Salary: $460,018
Bonus: $1,400,000 Bonus: $920,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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TD BANK NA
www.tdbanknorth.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Insurance Brokerage & Management Investment Planning & Management Equipment Leasing Online Investment Brokerage
TD Bank N.A., formerly Commerce Bank and TD Banknorth, offers banking, investment, insurance and financial services. The firm formed following TD Bank Financial Group’s acquisition of Commerce Bancorp Inc. The TorontoDominion Bank and its subsidiaries, collectively known as TD Bank Financial Group, acquired Commerce Bancorp and merged it with another of its subsidiaries, TD Banknorth in March 2008. The firm re-branded TD Banknorth and Commerce Bank as TD Bank N.A. TD Bank N.A. has a full range of financial products and services as well as online banking facilities through its websites at tdbanknorth.com and commerceonline.com. It has nearly 1,100 locations in Connecticut, Delaware, Washington D.C., Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Vermont and Virginia. TD Bank also offers insurance, wealth management, merchant services, mortgage banking, government banking, private label credit cards and other financial services and offers investment products in association with PrimeVest Financial Services, Inc. The Bancnorth Investment Group, a subsidiary of PrimeVest Financial Services, operates through TD Bank branch locations, providing investment products to TD Banknorth customers. TD Banknorth Insurance Agency, Inc. provides insurance products and has 24 agencies. TD Banknorth’s Wealth Management Group, the company’s private investment subsidiary, manages personal, corporate, and non-profit assets from over 20 offices specializing in long-term investment. TD Banknorth provides its employees with a benefits package that includes incentive compensation, tuition assistance, education and development programs, discount banking services, adoption assistance, a wellness program, an employee assistance program and flexible spending accounts.
BRANDS/DIVISIONS/AFFILIATES: TD Wealth Management Group Toronto-Dominion Bank (TD Bank) Commerce Bancorp Inc TD Banknorth NA Bancnorth Investment Group TD Banknorth Insurance Agency Inc TD Bank Financial Group PrimeVest Financial Services
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Bharat Masrani, CEO Peter J. Verrill, COO/Vice-Chmn. Bharat Masrani, Pres. Stephen J. Boyle, CFO Thomas J. Dyck, Exec. VP-Mktg. & Retail Product Mgmt. Robert Caldwell, CIO/Sr. VP Carol L. Mitchell, Chief Admin. Officer Carol L. Mitchell, General Counsel/Sr. Exec. VP David C. Boone, Exec. VP-TD Bank USA & Corp. Dev. Michael H. Copley, Sr. VP-Retail Money-Out Products Thomas J. Dyck, Exec. VP-Retail Money-In Products Robert D. Falese, Chair-Comm. Banking Edward P. Schreiber, Exec. VP-Chief Risk Officer William J. Ryan, Chmn.
Phone: 207-761-8500 Fax: 207-761-8534 Toll-Free: 800-462-3666 Address: 2 Portland Sq., Portland, ME 04112-9540 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $1,185,475 2006 Profits: $339,131 Int’l Ticker: Int’l Exchange: 2005 Sales: $997,803 2005 Profits: $273,978 Employees: 8,700 2004 Sales: $927,225 2004 Profits: $304,643 Fiscal Year Ends: 12/31 2003 Sales: $1,560,100 2003 Profits: $350,800 Parent Company: TORONTO-DOMINION BANK (TD BANK)
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $919,654 Second Exec. Salary: $491,511
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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THORNBURG MORTGAGE INC
www.thornburgmortgage.com
Industry Group Code: 525930 Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 4
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Real Estate Investment Trust ARM Mortgage Loans
Thornburg Mortgage, Inc. is a mortgage lender that specializes in adjustable and variable-rate mortgages (ARMs) for the single-family residential housing market. The company’s ARM assets consist of purchased ARM Assets and ARM Loans, which are comprised of traditional ARM assets and hybrid ARM assets. Traditional ARMs are a type of mortgage that has an interest rate that adjusts on a regular schedule according to current market conditions, while hybrid ARMs have an initial fixed interest period for the first three to seven years, after which time it takes on an adjustable rate. Thornburg finances the purchases and originations of its ARM Assets with equity capital, unsecured debt, collateralized mortgage debt and short-term borrowings such as reverse repurchase agreements, asset-backed commercial papers and whole loan financing facilities. Investors interested in netting dividends can purchase securities that belong to a pool of ARM loans, which are publicly rated and issued by third parties with guarantees against loan defaults. The company’s ARM loans are loans that have been securitized from the loan origination or loan acquisition activities, loans used as collateral to support the issuance of long-term collateralized mortgage debt or loans pending securitization. Thornburg’s traditional and hybrid loans typically have original terms to maturity of less than 40 years. Additionally, the ARMs are comprised of high rated loans. In September 2007, Thornburg completed a $1.44 billion collateralized mortgage debt transaction within its prime Hybrid ARM Assets in order to mitigate the adverse effects of the 2007 subprime market conditions. The company posted a massive loss in 2007 due to writedowns of its mortgage assets. In March 2008, the firm announced a corporate refinancing totaling $1.35 billion in the form of new senior secured notes and warrants for the purchase of Thornburg stock.
BRANDS/DIVISIONS/AFFILIATES: Thornburg Mortgage Home Loans Inc
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Larry A. Goldstone, CEO Larry A. Goldstone, Pres. Clarence Simmons, CFO/Sr. Exec. VP Stacey Cost, Sr. VP-Mktg. Brian Cesare, Sr. VP-Human Resources Caren Shiozaki, CIO/Exec. VP Amy Pell, Sr. VP-Corp. Comm. Amy Pell, Sr. VP-Investor Rel. Nathan Fellers, Exec. VP-Capital Markets/Treas. Paul G. Decoff, Sr. Exec. VP/Chief Lending Officer Mark Plasters, Exec. VP-National Sales Manager Deborah J. Burns, Sr. VP-Securitization Jim Collinson, Sr. VP-Credit Risk Mgmt. Garrett Thornburg, Chmn.
Phone: 505-989-1900 Fax: 505-989-8156 Toll-Free: 888-898-8698 Address: 150 Washington Ave., Ste. 302, Santa Fe, NM 87501 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $2,640,292 2007 Profits: $-1,545,678 U.S. Stock Ticker: TMA 2006 Sales: $2,525,201 2006 Profits: $297,697 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,538,068 2005 Profits: $282,844 Employees: 400 2004 Sales: $935,756 2004 Profits: $232,564 Fiscal Year Ends: 12/31 2003 Sales: $597,503 2003 Profits: $176,504 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 7 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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TORONTO-DOMINION BANK (TD BANK) Industry Group Code: 522110 Ranks within this company's industry group: Sales: 33 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
www.td.com
Profits: 28
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Brokerage Services Asset Management Trust Funds Securities Loans Credit Cards Insurance
Toronto-Dominion Bank, also known as TD Bank or TD Bank Financial Group, is a banking and investment firm based in Canada with more than 17 million customers and $509 billion in assets. The company operates through four major lines of business: personal and business banking, including TD Canada Trust; wealth management including TD Waterhouse and an investment in TD Ameritrade; wholesale banking, including TD Securities; and U.S. personal and commercial banking through Commerce Bank and TD Banknorth. The personal and commercial banking divisions offers personal and business clients a wide range of products and services including savings and checking accounts; credit cards; loans; and investment management. Other more advanced services include estate planning, wealth protection, small business banking, insurance and international banking. The wealth management division provides investors and financial advisors with brokerage, mutual fund, banking and various other financial products on an integrated basis. The wholesale banking division operates primarily through TD Securities and focuses on governments, corporations, and institutions for its client base. The U.S. personal and commercial banking segment operates wholly through TD Banknorth and Commerce Bank. However, both banks will be combined into TD Bank. In June 2008, the firm agreed to acquire the asset based lending business of ABN AMRO. In July 2008, TD Banknorth announced that, with the acquisition of Commerce Bank in March, the two will change their names to TD Bank, America’s Most Convenient Bank. In August 2008, TD Waterhouse Discount Brokerage launched a telephone voice identification system, which offers clients greater security. TD Bank offers employees medical and dental insurance; an employee savings plan; the employee future builder savings program; a pension plan; and an employee assistance program. Also, TD Bank was the recipient of The Canadian Business Award for one of the Best Places to Work by Canadian Business magazine.
BRANDS/DIVISIONS/AFFILIATES: TD Bank Financial Group TD Canada Trust TD Waterhouse TD Ameritrade TD Securities TD Banknorth, Inc. Hudson United Bancorp VFC, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. W. Edmund Clark, CEO W. Edmund Clark, Pres. Colleen Johnston, CFO/Group Head Finance Mike Pedersen, Group Head-Corp. Oper. Simon Townsend, Sr. Mgr.-Corp. Comm. Simon Townsend, Sr. Mgr.-Corp. Comm. Bob Dorrance, Chmn./Pres./CEO-TD Securities/Head-Wholesale Bharat Masrani, Group Head-US Personal & Commercial Banking Bill Hatanaka, Group Head-Wealth Mgnt. Rob MacLellan, Chief Investment Officer/Exec. VP John M. Thompson, Chmn. Bernie Dorval, Group Head-Global Insurance
Phone: 416-982-8222 Fax: 416-982-5671 Toll-Free: 866-222-3456 Address: TD Tower 55 King St. West, 12th Floor, PO Box 1, Toronto, ON A6 Canada
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $26,510,000 2007 Profits: $4,200,000 U.S. Stock Ticker: TD 2006 Sales: $19,518,100 2006 Profits: $4,340,053 Int’l Ticker: TD Int’l Exchange: Toronto-TSX 2005 Sales: $15,867,100 2005 Profits: $1,822,600 Employees: 51,147 2004 Sales: $13,136,000 2004 Profits: $1,895,000 Fiscal Year Ends: 10/31 2003 Sales: $11,910,100 2003 Profits: $883,469 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $1,400,000 Second Exec. Salary: $501,374
Bonus: $1,750,000 Bonus: $901,253
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
Plunkett Research, Ltd.
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TOTAL SYSTEM SERVICES INC (TSYS) Industry Group Code: 522320 Ranks within this company's industry group: Sales: 7 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
www.tsys.com
Profits: 4
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Credit Card Processing Risk Management Tools Direct Mail Services Fraud Detection Printing Services Debt Collection Services Reward Programs Staffing Services
Total System Services (TSYS) is one of the world's largest electronic payment processors of consumer credit, debit, commercial, stored-value, chip and retail cards. Its majority owner, Synovus Financial Corp., has an 81% stake in the firm. TSYS serves institutions throughout the U.S., Canada, Mexico, Honduras, the Caribbean and Europe. The company also offers value-added products and services, including risk management tools and techniques like credit evaluation, fraud detection and prevention and behavior analysis tools, as well as revenue enhancement tools, such as loyalty programs and bonus rewards. The firm's subsidiaries include Columbus Depot Equipment Company, which sells and leases computer-related equipment; Columbus Productions, which provides full-service commercial printing and related services; TSYS Acquiring Solutions, a supplier of acquiring solutions, related systems and integrated support services; TSYS Canada, Inc., which provides programming support and assistance with conversion of card portfolios to TS2; and TSYS Total Debt Management, Inc., which provides debt collection and bankruptcy management services. TSYS Technology Center, Inc. provides flexible staffing solutions to help TSYS address its implementation and development pipeline of clients and prospective clients. The company also owns an equity interest in a joint venture company called Total System Services de Mexico, as well as a 45% interest in China UnionPay Data Co., Ltd. The company offers its employees medical, dental and vision insurance; flexible spending accounts; a 401(k) plan; a profit sharing plan; an employee stock purchase plan; long-term disability insurance; and a scholarship program for employees' children.
BRANDS/DIVISIONS/AFFILIATES: Synovus Financial Corp. Columbus Depot Equipment Company Columbus Productions TSYS Canada, Inc. TSYS Total Debt Management, Inc. TSYS Technology Center, Inc. Total System Services de Mexico UnionPay Data Co., Ltd.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Philip W. Tomlinson, CEO M. Troy Woods, COO M. Troy Woods, Pres. James B. Lipham, CFO/Sr. Exec. VP Gaylon M. Jowers, Jr., Exec. VP-Sales Kenneth L. Tye, CIO/Sr. Exec. VP Stephen W. Humber, CTO/Exec. VP Connie C. Dudley, Exec. VP-Prod. & Client Dev. Ryland L. Harrelson, Exec. VP-Admin. Svcs. Gaylon M. Jowers, Jr., Exec. VP-Strategy & Emerging Markets Dorenda K. Weaver, Chief Acct. Officer/Controller/Exec. VP William A. Pruett, Chief Customer Officer/Sr. Exec. VP Colleen W. Kynard, Exec. VP-Customer Care Philip W. Tomlinson, Chmn.
Phone: 706-649-2310 Fax: 706-644-8065 Toll-Free: Address: 1600 1st Ave., Columbus, GA 31901 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,805,836 2007 Profits: $237,443 U.S. Stock Ticker: TSS 2006 Sales: $1,787,171 2006 Profits: $249,163 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,602,931 2005 Profits: $194,520 Employees: 6,799 2004 Sales: $1,187,008 2004 Profits: $150,558 Fiscal Year Ends: 12/31 2003 Sales: $1,053,500 2003 Profits: $141,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y Y
Profit Sharing: Y
Top Exec. Salary: $711,833 Second Exec. Salary: $500,000
Bonus: $960,930 Bonus: $675,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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TOYOTA MOTOR CREDIT CORP
www.toyotafinancial.com
Industry Group Code: 522220 Ranks within this company's industry group: Sales: 3 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Automobile Financing Leasing Insurance
Toyota Motor Credit Corporation (TMCC), a subsidiary of Toyota Motor Corporation, provides retail and wholesale financing, retail leasing and certain other financial products and services to authorized Toyota, Lexus and Scion vehicle dealers and to other domestic and import franchised dealers and their customers in the U.S. and Puerto Rico. The third largest automotive captive financing company in the U.S., TMCC has 30 company branches, three management offices and three customer service centers across the U.S. and has more than $65 billion in managed assets. The company's services are marketed under the Toyota Financial Services and Lexus Financial Services brands. TMCC also provides retail and wholesale financing to authorized Toyota vehicle dealers and their customers in Mexico and Venezuela. In addition, the firm offers financing for various industrial and commercial products such as forklifts, light and medium-duty trucks and electric vehicles. Subsidiaries of TMCC sell insurance, acquire and securitize lease and financing receivables from other lenders and provide retail and wholesale lease financing. TMCC offers its employees a benefits package that includes medical, dental and vision plans; a health care flexible spending account; a dependent care reimbursement account; an associate support and assistance plan; LifeCare resources; adoption assistance; flextime; a fitness center discount; tuition aid; discounted vehicles; and an associate vehicle lease.
BRANDS/DIVISIONS/AFFILIATES: Toyota Motor Corporation Toyota Financial Services Lexus Financial Services
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. George E. Borst, CEO George E. Borst, Pres. John F. Stillo, CFO/VP David Pellicioni, Corp. Sec./Sr. VP
Phone: 310-468-1310 Fax: 310-468-7800 Toll-Free: Address: 19001 S. Western Ave., Torrance, CA 90509 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $7,296,000 2007 Profits: $432,000 U.S. Stock Ticker: Subsidiary 2006 Sales: $5,585,000 2006 Profits: $580,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $4,086,000 2005 Profits: $762,000 Employees: 3,054 2004 Sales: $3,822,000 2004 Profits: $641,000 Fiscal Year Ends: 3/31 2003 Sales: $3,755,000 2003 Profits: $90,000 Parent Company: TOYOTA MOTOR CORPORATION
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $200,128 Second Exec. Salary: $162,870
Bonus: $25,588 Bonus: $170,350
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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TRANSUNION LLC
www.transunion.com
Industry Group Code: 561450 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Credit Reporting Real Estate Services Consumer Services Information Services
TransUnion, a subsidiary of The Marmon Group, Inc., is a global provider of consumer credit reporting throughout the U.S. and in more than 25 other countries worldwide. The company operates in four segments: information services, real estate services, international services and consumer services. The information services segment offers marketing services, fraud identity management, risk management and collections management for the automotive, collections, communications, financial services, health care, insurance and retail markets. The real estate services division offers services in the residential lending area to mortgage lenders that include customer acquisition, residential credit, flood zone compliance, collateral valuation, closing, post-closing and property and title. The international services segment offers consulting services to developing credit reporting infrastructures, analytics, technical licensing, direct marketing, asset registration and debt collection. The consumer services division, through subsidiary TransUnion Interactive, develops and markets credit-based products and services such as credit monitoring and identity theft protection products for consumers; private-label, online and offline credit management solutions for financial institutions; marketing analytics and response management; and direct marketing agency services, including creative development, program planning, media and production. In March 2007, the firm agreed to acquire ADS ResponseCorp, Inc., an automated software solutions provider. In 2008, TransUnion acquired an equity stake in D&B Predictive Sciences and Analytics Private Limited, an analytics, decisioning and IT services provider serving the Asia-Pacific region. The firm will be renamed D&B TransUnion Analytic and Decision Centre. The company offers its employees medical, dental and vision insurance; flexible spending accounts; disability insurance; an employee assistance program; life and AD&D insurance; auto and homeowners insurance; real estate assistance; retirement portion; and access to fitness centers.
BRANDS/DIVISIONS/AFFILIATES: Marmon Group Inc (The) ADS ResponseCorp, Inc. D&B Predictive Sciences and Analytics Private Ltd. D&B TransUnion Analytic and Decision Centre
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Siddharth N. Metha, CEO David Emery, COO Siddharth N. Metha, Pres. Samuel Allen Hamood, CFO Steven R. Katz, Dir.-Corp. Comm. Jeff Hellinga, Pres., USIS Mark Marinko, Exec. VP-Consumer Svcs. Colleen Tunney Ryan, VP-Corp. Affairs Clifton M. O'Neal, Media Contact Andrew Knight, Pres., Int'l Oper.
Phone: 312-258-1717 Fax: 312-466-8385 Toll-Free: Address: 555 W. Adams St., Chicago, IL 60661 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $1,140,000 2005 Profits: $ Employees: 3,600 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 2003 Sales: $ 2003 Profits: $ Parent Company: MARMON GROUP INC (THE)
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities: Y
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan: Y
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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TRAVELEX HOLDINGS LIMITED
www.travelex.co.uk
Industry Group Code: 523130 Ranks within this company's industry group: Sales: 1 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Foreign Currency Exchange International Payment Services Banknote Outsourcing Travel Services Outsourcing Lifestyle Consulting
Travelex Holdings Ltd. is the holding company for Travelex Group, a company that specializes in foreign currency exchange to travelers and corporations. The company’s activities are organized into three divisions: global business payments, retail and outsourcing. The global business payments division provides international payment services for commercial and personal customers, including products such as multi-currency spot contracts, forward contracts and options. This division was created through the merger of Travelex’s Commercial Foreign Exchange division and Ruesch International, acquired in 2007. The retail division is one of the world’s largest retail foreign exchange specialists, with over 700 branded retail branches, principally in airports, including London, New York, Sydney, Frankfurt, San Francisco and Hong Kong, as well as locations in seaports and tourist centers. This business sells banknotes and other foreign exchange and travel related products and services. The outsourcing division provides outsourced travel money services by supplying the foreign currency needs of financial institutions and travel agencies. Products and services include banknotes, wholesale banknote fulfillment, the distribution of insurance policies and the issuing of prepaid cards. The group and its subsidiaries operate in four regions: the United Kingdom; Europe, Middle East, India and Africa (EMEA); Americas and Asia Pacific. The company has offices in 35 countries and reaches over 100 countries across the globe. In September 2007, the company completed the acquisition of Ruesch International from Welsh, Carson, Anderson & Stowe for $440 million. In October 2007, Travelex launched Dynamic Currency Conversion (DCC) services for U.S. banks.
BRANDS/DIVISIONS/AFFILIATES: Travelex Group Ruesch International
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Ian Meakins, CEO Christopher Hill, Acting CFO Ann Colley, Group Dir.-Human Resources James Birch, General Counsel Peter Burridge, Group Dir.-Global Bus. Payments Anthony Wagerman, Group Head-Retail David Sear, Group Dir.-Outsourcing Neville Hall, Group Dir.-Compliance & Regulation Lloyd Dorfman, Chmn.
Phone: 44-20-7400-4000 Fax: 44-20-7400-4001 Toll-Free: Address: 65 Kingsway, London, WC2B 6TD UK
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $958,970 2007 Profits: $189,990 U.S. Stock Ticker: Private 2006 Sales: $911,170 2006 Profits: $145,550 Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 5,553 2004 Sales: $969,400 2004 Profits: $6,400 Fiscal Year Ends: 12/31 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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TRIAD GUARANTY INC
www.tgic.com
Industry Group Code: 524126B Ranks within this company's industry group: Sales: 4 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 1
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgage Insurance Online Services Reinsurance
Triad Guaranty, Inc., the holding company for Triad Guaranty Insurance Corp., provides private mortgage insurance coverage in the U.S. and Canada to residential mortgage lenders and investors. Mortgage insurance products offered include primary insurance, modified pool insurance and risksharing products. Primary insurance provides mortgage default protection to lenders on individual loans and covers a percentage of unpaid loan principal, delinquent interest and certain expenses associated with the default and subsequent foreclosure. Fannie Mae and Freddie Mac are the purchasers of a large percentage of the loans that the company insures. Primary insurance comprised about 81% of Triad’s total direct insurance in 2007. Modified pool insurance is written only on structured bulk transactions through the structured bulk channel. Structured bulk transactions involve underwriting and insuring a group of loans with individual coverage for each loan. Risk-sharing products include mortgage insurance structures designed to allow lenders to share in the risk of mortgage insurance. The company’s captive reinsurance program assumes a portion of the risk associated with the lender’s insured book of business in exchange for a percentage of the premium. The TAXI service provides a number of online services for its clients, including mortgage insurance applications, loan servicing, claims and default processing and risk-sharing performance. Linked with TAXI is eU Xpress, an Internetbased service that automates the contract underwriting and mortgage insurance commitment process. Triad sells mortgage insurance through two distribution channels: the flow channel, which consists of loans originated by lenders and submitted to the company on a loan-by-loan basis; and the structured bulk channel, through which the firm participates in bids for structured bulk transactions. In July 2008, the company announced that it would stop writing new insurance policies and begin to wind down its mortgage business.
BRANDS/DIVISIONS/AFFILIATES: Triad Guaranty Insurance Corp. TAXI eU Xpress
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William Ratliff, Interim CEO William Ratliff, Interim Pres. Kenneth W. Jones, CFO/Sr. VP Bruce Van Fleet, Exec. VP-Sales & Mktg. Kathleen Fairall, VP-Human Resources George J. Jackson, CIO/VP Earl F. Wall, General Counsel/Sr. VP/Sec. Shirley Gaddy, Sr. VP-Oper. Kenneth S. Dwyer, Chief Acct. Officer/VP Doug Beaty, Sr. VP-Field Sales Madeline Johnson-Oler, Sr. VP/Dir.-Capital Markets William Ratliff, Chmn.
Phone: 336-723-1282 Fax: 888-723-0343 Toll-Free: 800-451-4872 Address: 101 S. Stratford Rd., Winston-Salem, NC 27104 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $308,795 2007 Profits: $-77,458 U.S. Stock Ticker: TGIC 2006 Sales: $239,144 2006 Profits: $65,635 Int’l Ticker: Int’l Exchange: 2005 Sales: $192,046 2005 Profits: $56,813 Employees: 270 2004 Sales: $196,970 2004 Profits: $58,417 Fiscal Year Ends: 12/31 2003 Sales: $139,867 2003 Profits: $51,091 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $495,000 Second Exec. Salary: $360,000
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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TRUSTMARK CORPORATION
www.trustmark.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 111 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 92
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Loans Trust & Fiduciary Services Commercial Lending Discount Brokerage Insurance Credit Card Services Financial Management
Trustmark Corporation is the holding company for Trustmark National Bank, which provides banking, investment and insurance services through 158 branches to corporate, institutional and individual customers in Mississippi, Florida, Tennessee and Texas. Trustmark National Bank also operates 196 ATMs. The company operates in four primary segments: general banking, wealth management, insurance and administration. The bank’s retail banking operations consist of a variety of personal loan and small-business loan products. The firm’s commercial banking segment provides middle-market and corporate clients with a broad range of commercial lending and financial management services. Trustmark also provides trust and fiduciary services, discount brokerage, insurance, credit card and mortgage services. The bank’s TrustTouch and TrustNetWeb services allow customers to access detailed account information and process some transactions via telephone or the Internet. In addition to banking activities, Trustmark National Bank provides investment and insurance products and services to its customers through wholly-owned subsidiaries: Trustmark Securities, Inc.; Trustmark Investment Advisors, Inc.; The Bottrell Insurance Agency, Inc.; TRMK Risk Management, Inc.; and Fisher-Brown, Inc. Trustmark also offers banking services through its wholly-owned subsidiary Somerville Bank and Trust Company, with five banking offices headquartered in Somerville, Tennessee. Trustmark also owns Houston-based Republic Bancshares of Texas, Inc., a bank with six retail centers.
BRANDS/DIVISIONS/AFFILIATES: Trustmark National Bank TrustTouch TrustNetWeb Fisher-Brown, Inc. Bottrell Insurance Agency, Inc. Trustmark Securities, Inc. Trustmark Investment Advisors, Inc. TRMK Risk Management, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Richard G. Hickson, CEO Richard G. Hickson, Pres. Louis E. Greer, Principal Financial Officer T. Harris Collier, Corp. Sec. Louis E. Greer, Treas. Gerard R. Host, Pres., General Banking, Trustmark National Bank Harry M. Walker, Pres., Jackson Metro, Trustmark National Bank Duane A. Dewey, Pres., Central Region, Trustmark National Bank James M. Outlaw, Jr., COO/Pres., Trustmark Texas Richard G. Hickson, Chmn.
Phone: 601-354-5111 Fax: 601-949-6684 Toll-Free: 800-844-2000 Address: 248 E. Capitol St., Jackson, MS 39201 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $705,590 2007 Profits: $108,595 U.S. Stock Ticker: TRMK 2006 Sales: $637,874 2006 Profits: $119,273 Int’l Ticker: Int’l Exchange: 2005 Sales: $562,448 2005 Profits: $102,951 Employees: 2,627 2004 Sales: $493,026 2004 Profits: $116,709 Fiscal Year Ends: 12/31 2003 Sales: $516,900 2003 Profits: $118,500 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $710,862 Second Exec. Salary: $363,204
Bonus: $440,971 Bonus: $194,976
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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UCBH HOLDINGS INC
www.ibankunited.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 109 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 94
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Broker-Dealer Investment Services Loans
UCBH Holdings, Inc. is a bank holding company primarily for United Commercial Bank (UCB). UCB operates 51 offices throughout California; five in Atlanta, Georgia; three in Boston, Massachusetts; eight in New York City; two in Seattle, Washington; one in Houston, Texas; international branches in Hong Kong, Shanghai and Shantou, China; and representative offices in Beijing, Guangzhou and Shenzhen, China; and Taipei, Taiwan. The company also has representative offices in Shanghai and Shenzhen, China and Taipei, Taiwan. UCBH has tailored the products and services of its subsidiaries to areas with large Asian communities and to companies that do business in China. Each of the branch offices offers multilingual services in English, Cantonese and Mandarin. UCB offers its clients business and personal checking, savings and money market accounts; time deposits; Individual Retirement Accounts (IRAs); commercial real estate loans; multifamily real estate loans; residential mortgage loans; home equity lines of credit; construction loans; commercial, accounts receivable and inventory loans to small- and medium-sized businesses; short-term trade finance facilities; and loans guaranteed by the United States Small Business Administration. The company also provides a wide range of specialized services, including merchant bankcard services, cash management services, private client services, brokerage investment products and services and online banking services. In addition, it provides trade finance facilities for customers involved in the import and/or export of goods principally between Asia and the United States. Other than UCB, the company operates 10 special purpose trust subsidiaries that were either formed by UCBH to issue guaranteed preferred beneficial interests or acquired by UCBH through recent acquisitions. In 2007, UCB acquired Summit Banking Corporation, the holding company of Atlanta-based Summit National Bank; and the New York-based Chinese American Bank. In December 2007, UCBH acquired the Shanghaibased Business Development Bank, Ltd.
BRANDS/DIVISIONS/AFFILIATES: United Commercial Bank United Commercial Bank Building Corporation California Canton International Bank Ltd SBGA California Investments Inc Newston Investments Inc Summit Banking Corporation Chinese American Bank Business Development Bank Ltd
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Thomas S. Wu, CEO Ebrahim Shabudin, COO/Exec. VP Thomas S. Wu, Pres. Craig On, Interim CFO/Exec. VP Dennis A. Lee, Corp. Counsel/Sr. VP Jonas Miller, Treas. Cynthia C. Blackford, Sr. VP/Chief Audit Exec. John Kerr, Chief Credit Officer/Sr. VP Robert Nagal, Sr. VP/Chief Audit Exec. Daniel Gautsch, Exec. VP/Chief Risk & Compliance Officer Thomas S. Wu, Chmn. Tony Ka Wah Tsui, Exec. VP/Gen. Mgr.-Greater China Region
Phone: 415-315-2800 Fax: 415-441-2557 Toll-Free: 888-498-3899 Address: 555 Montgomery St., San Francisco, CA 94111 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $751,936 2007 Profits: $102,308 U.S. Stock Ticker: UCBH 2006 Sales: $583,262 2006 Profits: $100,877 Int’l Ticker: Int’l Exchange: 2005 Sales: $432,537 2005 Profits: $97,826 Employees: 1,525 2004 Sales: $333,151 2004 Profits: $85,603 Fiscal Year Ends: 12/31 2003 Sales: $283,465 2003 Profits: $64,638 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $1,200,000 Second Exec. Salary: $360,000
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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UMB FINANCIAL CORP
www.umb.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 112 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 110
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Real Estate Financial Services Data Services Insurance Investment Management Consulting Services Leasing
UMB Financial Corporation is a regional multi-bank holding company headquartered in Kansas City, Missouri. The company operates 141 banking and related financial services centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Indiana and Arizona to commercial, retail, government and correspondent bank customers. UMB’s financial services portfolio includes employee benefit services; trust and estate planning; cash management; financial counseling; brokerage services; treasury management; and commercial loans. The company operates through six major segments: Commercial Banking and Lending; Payment and Technology Solutions; Banking Services; Consumer Services; Asset Management; and Investment Services Group. Within these segments, the firm owns operates five domestic commercial banking businesses: UMB Bank; UMB Bank, Warsaw; UMB Bank Colorado; UMB National Bank of America; and UMB Bank Arizona. UMB Bank is the company’s principal subsidiary, and has branches in Missouri, Illinois, Kansas, Nebraska and Oklahoma. In addition to standard banking functions, UMB Bank provides international banking services, investment and cash management services, data processing services for correspondent banks and a full range of trust activities for individuals, estates, business corporations, governmental bodies and public authorities. Other subsidiaries include operations in realty, community development, investment advisors and consulting. These businesses are UMB Community Development Corp.; UMB Banc Leasing Corp.; UMB Scout Brokerage Services; UMB Scout Insurance Services; UMB Capital Corp.; United Missouri Insurance Company; and Kansas City Financial Corp. In July 2008, UMB entered into agreement for UMB Bank Colorado to acquire Colorado-based Citadel Bancorporation. In August of the same year, the company announced the expansion of its Corporate Trust and Escrow Services (part of its Asset Management segment) into Indianapolis and surround areas. UMB offers its employees a transportation assistance programs, educational assistance and employee referral bonus programs. It also offers a series of fee-reduced bank services; and medical, vision, dental and life insurance.
BRANDS/DIVISIONS/AFFILIATES: UMB Bank, Warsaw UMB Bank UMB Bank Colorado UMB National Bank of America UMB Bank Arizona UMB Community Development Corp. UMB Banc Leasing Corp. UMB Scout Brokerage Services
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. J. Mariner Kemper, CEO Peter J. deSilva, COO Peter J. deSilva, Pres. Michael Hagedorn, CFO/Exec. VP Heather Miller, Exec. VP-Mktg. Comm. Dennis Rilinger, General Counsel/Exec. VP Bradley J. Smith, Exec. VP-Consumer Svcs. James A. Sangster, Pres., UMB Bank Doug Page, Exec. VP/Chief Lending Officer Clyde F. Wendell, Pres., Asset Management J. Mariner Kemper, Chmn.
Phone: 816-860-7000 Fax: 816-860-7610 Toll-Free: 800-821-2171 Address: 1010 Grand Ave., Kansas City, MO 64106 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $703,798 2007 Profits: $74,213 U.S. Stock Ticker: UMBF 2006 Sales: $624,028 2006 Profits: $59,767 Int’l Ticker: Int’l Exchange: 2005 Sales: $524,009 2005 Profits: $56,318 Employees: 3,357 2004 Sales: $447,263 2004 Profits: $42,839 Fiscal Year Ends: 12/31 2003 Sales: $485,330 2003 Profits: $58,879 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing: Y
Top Exec. Salary: $514,423 Second Exec. Salary: $499,808
Bonus: $275,000 Bonus: $270,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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UNICREDIT SPA (UNICREDIT GROUP) Industry Group Code: 522110 Ranks within this company's industry group: Sales: 14 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y Y
www.unicreditgroup.eu Profits: 15
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Asset Management Loans Leasing Insurance Investment Banking
UniCredit S.p.A., the entity resulting from Unicredito Italiano S.p.A.’s acquisition of Germany’s HVB Group AG, is a holding company for multiple banking and investment groups internationally. The firm is one of the largest banking and financial services institutions in Europe, with assets in excess of $1.2 billion. Through its subsidiaries, the company has over 10,100 branches worldwide, with primary operations concentrated in Germany, Austria and Italy. UniCredit has a presence in 50 countries, with a total of over 40 million customers. The firm operates through eight divisions: asset management, retail, Central Eastern European, Polish markets, markets and investment banking, private banking, global banking and corporate. The company offers retail banking and related services; leasing services; asset management; property and casualty insurance; and life insurance. UniCredit has a joint venture with a Chinese-controlled banking company in a newly established Hong Kong firm called UniCredit China Capital in Hong Kong and UniCredit Beijing Consultants in Beijing. The company provides consulting services for domestic and cross-border merger and acquisition deals. In March 2008, the firm sold its Communication Valley subsidiary to Reply Group. In April 2008, UniCredit sold the securities business of the former Capitalia Group to Societe Generale Securities Services (SGSS). In July 2008, UniCredit agreed to acquire NewSmith Financial Products from NewSmith Capital Partners LLP. Once the transaction is completed, UniCredit will assume a 5% stake in NewSmith Capital Partners. In June 2008, UniCredit sold its stake in Bank BPH to GE Money Bank. That same month, the company created a department to coordinate its real estate operations, comprising more than 10,000 buildings in 23 countries. In September 2008, the firm completed its acquisition of HypoVereinsbank in Germany.
BRANDS/DIVISIONS/AFFILIATES: Unicredito Italiano S.p.A. COM Bayerische Hypo und Vereinsbank AG (HVB) Kocbank Yapi ve Kredi Bankasi A.S. HVB Tiriac Bank UniCredit China Capital UniCredit Beijing Consultants Capitalia S.p.A.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Alessandro Profumo, CEO Ranieri de Marchis, CFO Rino Piazzolla, Head-Human Resources Strategy Maurizia Angelo Comneno, Head-Legal, Compliance & Corp. Affairs Francesco Giordano, Chief Strategic Officer Marc Beckers, Head-Group Identity & Comm. Henning Giesecke, Chief Risk Officer Roberto Nicastro, Deputy CEO/Head-Retail Division Sergio Ermotti, Deputy CEO Paolo Fiorentino, Deputy CEO Dieter Rampl, Chmn.
Phone: 39-02-88-621 Fax: 39-02-8862-8503 Toll-Free: Address: Piazza Cordusio, Milan, 20123 Italy
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $63,670,000 2007 Profits: $7,190,000 U.S. Stock Ticker: 2006 Sales: $59,119,300 2006 Profits: $6,835,000 Int’l Ticker: UC Int’l Exchange: Milan-BI 2005 Sales: $22,230,700 2005 Profits: $3,069,100 Employees: 140,000 2004 Sales: $19,527,800 2004 Profits: $2,649,900 Fiscal Year Ends: 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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UNIONBANCAL CORPORATION
www.uboc.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 69 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 62
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Wholesale Banking
UnionBanCal Corp. (UNBC), is a holding company whose major subsidiary, Union Bank of California, N.A., is a commercial bank. Union Bank of California, which operates 330 full-service branches, provides a wide range of financial services to consumers, small businesses, middle-market companies and other major corporations, primarily in California, Oregon and Washington, as well as nationally and internationally. The company operates in two business segment: retail banking and wholesale banking. The retail banking segment offers customers financial products such as checking and savings accounts; investment; and loan and fee-based banking products. In addition, the division offers international and settlement services; e-banking through its web site; check cashing services at its Cash & Save locations; and investment products. The wholesale banking services offers commercial financial services, including commercial loans and project financing; real estate financing; asset-based financing; trade finance and letters of credit; lease financing; customized cash management services; and selected capital market products. Wholesale banking customers include middle-market companies, large corporations, real estate companies and other more specialized industry customers. In addition, specialized depository services are offered to title and escrow companies, retailers, domestic financial institutions and bankruptcy trustees. In April 2008, the firm announced the sale of UnionBanc Insurance Services, Inc. to BB&T Insurance Services. In September 2008, the company was acquired by Mitsubishi UFJ Financial Group, Inc. and its wholly-owned subsidiary The Bank of Tokyo-Mitsubishi UFJ, Ltd. The company offers its employees a 401(k) plan; a retirement plan; medical and dental insurance; life and accident insurance; and tuition reimbursement.
BRANDS/DIVISIONS/AFFILIATES: Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) Mitsubishi UFJ Financial Group Inc (MUFJ) Union Bank of California Cash & Save
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Masaaki Tanaka, CEO Philip B. Flynn, COO Masaaki Tanaka, Pres. David I. Matson, CFO Paul E. Fearer, Sr. Exec. VP/Dir.-Human Resources James Yee, CIO/Sr. Exec. VP Masashi Oka, Vice Chair-Admin. & Support John H. McGuckin, Jr., General Counsel/Sr. Exec. VP/Sec. John A. Rice, VP-Investor Rel. JoAnn M. Bourne, Sr. Exec. VP-Commercial Deposits & Treasury Mgmt. John C. Erickson, Vice Chmn./Chief Risk Officer Timothy H. Wennes, Sr. Exec. VP-Retail Banking Bruce H. Cabral, Chief Credit Officer/Sr. Exec. VP Kyota Omori, Chmn. George Tanaka, Sr. VP-Japanese Market Segment
Phone: 415-765-2969 Fax: 415-765-2220 Toll-Free: Address: 400 California St., San Francisco, CA 94104 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $3,860,718 2007 Profits: $608,094 U.S. Stock Ticker: Subsidiary 2006 Sales: $3,559,984 2006 Profits: $752,996 Int’l Ticker: Int’l Exchange: 2005 Sales: $3,078,807 2005 Profits: $862,933 Employees: 9,811 2004 Sales: $2,834,200 2004 Profits: $732,500 Fiscal Year Ends: 12/31 2003 Sales: $2,563,916 2003 Profits: $587,139 Parent Company: MITSUBISHI UFJ FINANCIAL GROUP INC
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $669,231 Second Exec. Salary: $172,247
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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UNITED BANKSHARES INC
www.ubsi-inc.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 121 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 102
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Brokerage Services Mortgages Personal & Commercial Loans Asset Management Credit Card Services Trust Services Online Banking
United Bankshares, Inc. is a bank holding company with 114 banking offices in West Virginia, Virginia, Maryland, Ohio and Washington, D.C. The firm has two banking subsidiaries, both operating under the brand name United Bank with one in West Virginia and one in Virginia; and also owns subsidiaries that engage in other community banking services such as asset management, real property title insurance; investment banking; financial planning; and brokerage services. The services offered by the banks include the acceptance of deposits in checking, savings, time and money market accounts; the making and servicing of personal, commercial, floor plan and student loans; the making of construction and real estate loans; retirement accounts; safe deposit boxes; and wire transfers. As a part of their lending function, the banking subsidiaries also offer credit card services. United Bankshares’ banking subsidiaries each maintain a trust department, which acts as trustee under wills, trusts and pension and profit sharing plans, as executor and administrator of estates, and as guardian for estates of minors and incompetents, as well as performing a variety of other investment and security services. United Brokerage Services, Inc., a wholly-owned subsidiary of United Bank West Virginia, is an investment broker/dealer offering a wide range of investment products as well as financial planning and asset management services to the general public. United Bank West Virginia is a member of a network of ATMs known as the STAR ATM network. United Bank Virginia participates in the MOST ATM network. The firm offers automated telephone banking system called Telebanc and internet banking services under the brand Smart Touch Online Banking. In 2007, the firm acquired Premier Community Bankshares, Inc. of Virginia.
BRANDS/DIVISIONS/AFFILIATES: United Bank West Virginia United Bank Virginia Smart Touch Online Banking United Brokerage Services Inc Telebanc Premier Community Bankshares, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Richard M. Adams, CEO Steven E. Wilson, CFO/Exec. VP Steven E. Wilson, Treas. James B. Hayhurst, Jr., Chief Credit Officer James J. Consagra, Jr., Exec. VP/Pres., CEO-United-VA Joe L. Wilson, Chief Retail Officer Richard Adams, Jr, Exec. VP-Pres., United-WV Richard M. Adams, Chmn.
Phone: 304-424-8704 Fax: 304-424-8800 Toll-Free: 800-345-4862 Address: 300 United Ctr., 500 Virginia St., E., Charleston, WV 25301 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $504,659 2007 Profits: $90,674 U.S. Stock Ticker: UBSI 2006 Sales: $457,491 2006 Profits: $89,249 Int’l Ticker: Int’l Exchange: 2005 Sales: $397,903 2005 Profits: $100,409 Employees: 1,537 2004 Sales: $347,581 2004 Profits: $97,762 Fiscal Year Ends: 12/31 2003 Sales: $400,800 2003 Profits: $78,800 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $650,000 Second Exec. Salary: $257,348
Bonus: $195,000 Bonus: $30,653
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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UNITED COMMUNITY BANKS INC
www.ucbi.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 138 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 117
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Insurance Mortgages Consulting
United Community Banks, Inc., with over $6 billion in assets, is a holding company for wholly-owned state chartered bank subsidiaries in Georgia, North Carolina and Tennessee. The three bank subsidiaries operate with decentralized management that is currently organized as 27 community banks, with local bank presidents that are authorized to make most credit decisions. The firm operates 111 locations in North Georgia, metro Atlanta, coastal Georgia, Western North Carolina and Eastern Tennessee. The banks are community-oriented, offering a full range of retail and corporate banking services, including checking, savings and time deposit accounts, secured and unsecured loans, wire transfers, brokerage services and rental of safe deposit boxes. In addition, the company owns United Community Insurance Services, Inc., an insurance agency; United Community Mortgage Services, a full-service mortgage lending operation; and Brintech, Inc., which provides consulting, advisory and implementation services to the financial services industry regarding strategic planning, profitability, technology, efficiency, security, network, Internet banking, web site development, marketing, core processing and telecommunications. The firm provides retail brokerage services through an affiliation with a third party broker/dealer. United also owns Southern National Bank, with two branches in Georgia and $430 million in assets. In June 2007, United acquired Gwinnett Commercial Group, Inc. and its whollyowned subsidiary, First Bank of the South, for approximately $217 million. In February 2008, the company fully merged its United Community Bank of North Carolina into its United Community Bank of Georgia, five years after first operating the two banks together. United Community offers its employees discounted banking products and services, employer retirement plan contributions up to 5% and a profit sharing plan.
BRANDS/DIVISIONS/AFFILIATES: United Community Insurance Services, Inc. United Community Mortgage Services Brintech, Inc. Eagle National Bank Fairbanco Holding Company, Inc. Liberty National Bancshares, Inc. Southern National Bank First Bank of the South
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Jimmy Tallent, CEO Guy W. Freeman, COO/Exec. VP Jimmy Tallent, Pres. Rex Schuette, CFO/Exec. VP Craig Metz, Exec. VP-Mktg. Thomas Gilliland, General Counsel/Exec. VP/Corp. Sec. David P. Shearrow, Exec. VP/Chief Risk Officer William M. Gilbert, Sr. VP-Retail Banking Robert L. Head, Jr., Chmn.
Phone: 706-781-2265 Fax: 706-745-8960 Toll-Free: 866-270-7200 Address: 63 Hwy. 515, Blairsville, GA 30512 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $299,534 2007 Profits: $57,993 U.S. Stock Ticker: UCBI 2006 Sales: $272,375 2006 Profits: $68,815 Int’l Ticker: Int’l Exchange: 2005 Sales: $230,847 2005 Profits: $56,742 Employees: 1,944 2004 Sales: $184,937 2004 Profits: $46,591 Fiscal Year Ends: 12/31 2003 Sales: $247,522 2003 Profits: $38,118 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing: Y
Top Exec. Salary: $480,000 Second Exec. Salary: $295,000
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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UNITED OVERSEAS BANK LTD
www.uobgroup.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 73 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 51
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Stock Brokering Asset Management Insurance Trust Services Corporate Banking Leasing Travel
United Overseas Bank, Ltd. (UOB), is a banking corporation in Singapore and the Asia-Pacific region. The company, with $175 billion in assets, provides financial services through over 500 offices in 18 countries and multiple subsidiaries throughout the world. It has a presence in Australia, Brunei, Canada, China, Hong Kong, Indonesia, Japan, Malaysia, Myanmar, the Philippines, South Korea, Taiwan, Thailand, the U.K., the U.S. and Vietnam and continues to grow into other countries. Banking services include personal financial services; private banking; trust services; commercial and corporate banking; investment banking; corporate finance; capital market activities; treasury services; futures broking; asset management; venture capital management; general insurance; life assurance; and stockbroking services. UOB banking subsidiaries include Far Eastern Bank in Singapore; United Overseas Bank in Malaysia; United Overseas Bank (Thai); United Overseas Bank (China); PT Bank UOB Indonesia; and PT Bank UOB Buana. Through other subsidiaries, the firm has interests in travel and leasing. In July 2007, the bank started offering the UOB One Card, a contactless credit card incorporated with Visa payWave, as well as a cash rewards platform. The card allows customers to wave their card in front of a Visa payWave reader to purchase items of up to $100 instead of signing or handing the card to the cashier. In December 2007, the company established a new wholly-owned subsidiary bank, United Overseas Bank (China), Ltd. Also in 2007, the UOB Shenyang Branch was officially opened, and UOB’s subsidiary UOB Asset Management, Ltd., incorporated a wholly-owned subsidiary, UOB Asset Management (B) Sdn Bhd, in Brunei.
BRANDS/DIVISIONS/AFFILIATES: Far Eastern Bank United Overseas Bank PT Bank UOB Indonesia PT Bank UOB Buana Vietnam Card Bank UOB One Card United Overseas Bank of Thailand United Overseas Bank of China
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Wee Ee Cheong, CEO/Deputy Chmn. Jenny Wong Mei Leng, Exec. VP-Human Resources Susan Hwee, Exec. VP-IT Vivien Chan, Sr. VP-Legal & Secretariat Chong Kie Cheong, Sr. Exec. VP- Institutional Financial Svcs. Terence Ong Sea Eng, Sr. Exec. VP-Global Markets & Investment Mgmt. Eddie Khoo Boo Jin, Exec. VP-Personal Financial Svcs. Tham Ming Soong, Exec. VP-Risk Mgmt. Wee Cho Yaw, Chmn. Francis Lee Chin Yong, Sr. Exec. VP-Int'l & Personal Financial Svcs. Bill Chua Teck Huat, Exec. VP-Delivery Channels & Oper.
Phone: 65-6533-9898 Fax: 65-6534-2334 Toll-Free: Address: 80 Raffles Pl., UOB Plaza, Singapore, 048624 Singapore
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $3,234,800 2007 Profits: $1,406,100 U.S. Stock Ticker: 2006 Sales: $3,337,200 2006 Profits: $1,716,200 Int’l Ticker: U11 Int’l Exchange: Singapore-SIN 2005 Sales: $2,625,600 2005 Profits: $1,162,300 Employees: 13,574 2004 Sales: $2,909,600 2004 Profits: $886,500 Fiscal Year Ends: 12/31 2003 Sales: $2,572,500 2003 Profits: $705,500 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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UNIVERSAL AMERICAN MORTGAGE LLC Industry Group Code: 522310 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
www.uamc.com
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages Home Equity Credit
Universal American Mortgage Company (UAMC), LLC, a wholly-owned subsidiary of Lennar Corp., provides conventional, Federal Housing Administration (FHA) insured, and Veterans Administration (VA) insured residential mortgage loan products to homebuyers nationwide. The company works primarily with customers seeking loans to purchase homes built by Lennar, which manages the Lennar family of builders and financial services. Lennar, one of the nation’s largest homebuilders, owns several subsidiaries in residential building, home insurance and finances. UMAC is affiliated with Eagle Home Mortgage, another subsidiary of Lennar. Approximately 70% of all Lennar homes are mortgaged through UAMC or Eagle Home Mortgage. Customers can select between conventional financing, both conforming loan amount and jumbo loan amounts; adjustable rate mortgages (ARMs); interest-only ARMs; pay option ARMs; fully amortizing ARMs; government loans; VA loans; FHA loans; and a variety of local/state bond programs. UAMC also offers subsequent loans for homeowners, i.e. second mortgages, along with home equity lines of credit and refinancing programs. UAMC sells all the loans that it issues, along with their servicing rights, into the secondary market. The company provides employees with health, dental, vision, disability, and life insurance; a 401(k) retirement plan; associate assistance program; and educational assistance.
BRANDS/DIVISIONS/AFFILIATES: Lennar Corp. Lennar Family of Builders & Financial Services Eagle Home Mortgage
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. James T. Timmons, Pres. Nancy A. Kaminsky, CFO Stacey Goodman, Mgr.-Corp. Comm.
Phone: 727-791-2111 Fax: 727-791-2118 Toll-Free: 800-741-8262 Address: 15550 Lightwave Dr., Ste. 200, Clearwater, FL 33760 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 11/30 2003 Sales: $ 2003 Profits: $ Parent Company: LENNAR CORPORATION
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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US BANCORP
www.usbancorp.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 43 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 25
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Lease Financing Consumer Finance Credit Cards Discount Brokerage Investment Advisory Services Trust Services Insurance
U.S. Bancorp (USB) is one of the largest financial services holding companies in the U.S., with $213 billion in assets. U.S. Bancorp operates approximately 2,499 banking offices and approximately 4,867 ATMs in 24 states. Through U.S. Bank, Firstar Bank and other subsidiaries, the company does business in four areas: wholesale banking, payment services, wealth management, and consumer banking. The company’s wholesale banking services include middle market banking, commercial real estate, national corporate banking, correspondent banking, dealer commercial services, equipment finance, foreign exchange, government banking, international banking, treasury management, small business equipment finance, small business administration and title industry banking. USB’s payment services include corporate payment services, merchant payment services, retail payment solutions and transactions services. Retail payment solutions include payments through debit, credit, specialty cards and gift cards. Transactions services include ATM and debit processing services. Subsidiary Elavon, formed from the combination of NOVA Information Systems, Inc., euroConex and Elan, operates in the payment processing industry. Elavon provides global merchant processing services to approximately 850,000 merchants in the U.S., Canada and Europe. The company’s wealth management services include private client services, corporate trust services and institutional trust and custody services. Consumer banking services include community banking, metropolitan branch banking, corporate on-site banking, small business banking, consumer lending, 24hour-a-day banking, home mortgage and student banking. In February 2008, U. S. Bank opened its first office on the East Coast. In June 2008, USB’s subsidiary U.S. Bank National Association acquired Mellon 1st Business Bank. In August 2008, U.S. Bank agreed to purchase Electronic Banking Solutions, a division of Palm Desert National Bank. That same month, Elavon acquired the merchant processing portfolio of Capital City Bank, a subsidiary of Capital City Bank Group Inc. USB offers employees reimbursement accounts, an employee assistance program, adoption assistance, tuition reimbursement, financial training courses and health, dental and vision insurance.
BRANDS/DIVISIONS/AFFILIATES: U.S. Bank Firstar Bank Elavon Information Systems euroConex Elan First Horizon National Corporation United Financial Corp. Heritage Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Richard K. Davis, CEO Richard K. Davis, Pres. Andrew Cecere, CFO/Vice Chmn. Jennie P. Carlson, Exec. VP-Human Resources William L. Chenevich, Vice Chmn.-Tech. Svcs. Lee R. Mitau, Gen. Counsel/Corp. Sec./Exec. VP William L. Chenevich, Vice-Chmn.-Oper. Svcs. P. W. Parker, Chief Credit Officer/Exec. VP Joseph M. Otting, Vice Chmn. Pamela A. Joseph, Chmn./CEO-NOVA Information Systems, Inc. Richard C. Hartnack, Vice Chmn.-Consumer Banking Richard J. Hidy, Chief Risk Officer/Exec. VP Richard K. Davis, Chmn.
Phone: 651-466-3000 Fax: 612-303-0782 Toll-Free: 800-872-2657 Address: 800 Nicollet Mall, Minneapolis, MN 55402 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $13,936,000 2007 Profits: $4,324,000 U.S. Stock Ticker: USB 2006 Sales: $13,636,000 2006 Profits: $4,751,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $16,702,000 2005 Profits: $4,489,000 Employees: 50,423 2004 Sales: $14,810,600 2004 Profits: $4,166,800 Fiscal Year Ends: 12/31 2003 Sales: $14,571,000 2003 Profits: $3,732,600 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $850,032 Second Exec. Salary: $500,019
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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VALLEY NATIONAL BANCORP
www.valleynationalbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 103 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 82
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Loans Title Insurance Asset Management Investment Services Trust Services Pension & Fiduciary Services Online Banking
Valley National Bancorp is the holding company for Valley National Bank, which provides a full range of retail and commercial banking services through about 176 branch offices in northern and central New Jersey and Manhattan, New York. Valley National reports four business segments: consumer lending; commercial lending; investment management; and corporate and other adjustments. The bank offers several demand, savings and time deposit accounts as well as a diversified loan portfolio that consists primarily of consumer, real estate, small business administration (SBA) and other commercial loans. Valley National Bank also provides title insurance, investment services, full personal and corporate trust and pension and fiduciary services. The bank offers several service channels that enable its customers to bank in person, by telephone or by computer. V-BankWorks, the company’s online banking service, allows customers to pay bills, view financial account information, transfer funds between accounts and communicate with a customer service representative via the Internet. The bank also owns and operates several subsidiaries, including a mortgage servicing company; a company that holds, maintains and manages investment assets for the bank; an auto loan subsidiary; a company that owns and services commercial mortgage loans; a title insurance company; and several asset management companies. Some of the company’s most significant subsidiaries include VNB Capital Trust I and Glen Rauch Securities, Inc. Glen Rauch is a Wall Street brokerage firm specializing in municipal bonds. In June 2008, the company acquired NorCrown Bank, a commercial bank with 15 branches throughout New York, for $141 million. The company offers its employees benefits that include a tuition reimbursement program, pension and retirement plans, and discounts on loans and other banking products, such as checks and safe deposit boxes.
BRANDS/DIVISIONS/AFFILIATES: Valley National Bank Merchants New York Commercial Corp. V-BankWorks Glen Rauch Securities, Inc. NorCrown Bank Valley 747 Acquisition, LLC Shrewsbury State Investment Co., Inc. Masters Coverage Corp.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Gerald H. Lipkin, CEO Gerald H. Lipkin, Pres. Alan D. Eskow, CFO/Exec. VP Robert J. Mulligan, Chief Admin. Officer Alan D. Eskow, Corp. Sec. Dianne M. Grenz, Sr. VP-Public Rel. Dianne M. Grenz, Sr. VP/Dir.-Shareholder Rel. Anthony M. Bruno, Pres., Wealth Management & Insurance Svcs. Robert M. Meyer, Exec. VP Albert L. Engel, Exec. VP James G. Lawrence, Exec. VP Gerald H. Lipkin, Chmn.
Phone: 973-305-8800 Fax: 973-696-2044 Toll-Free: 800-522-4100 Address: 1455 Valley Rd., Wayne, NJ 07470 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $827,097 2007 Profits: $153,228 U.S. Stock Ticker: VLY 2006 Sales: $784,899 2006 Profits: $163,691 Int’l Ticker: Int’l Exchange: 2005 Sales: $699,253 2005 Profits: $163,449 Employees: 2,562 2004 Sales: $603,254 2004 Profits: $154,398 Fiscal Year Ends: 12/31 2003 Sales: $611,818 2003 Profits: $153,415 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $680,000 Second Exec. Salary: $408,890
Bonus: $636,000 Bonus: $100,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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VERIFONE HOLDINGS INC
www.verifone.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 11 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 14
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Payment & Transaction Processing Electronic Payment Devices Wireless Payment Systems Specialty Payment Services
VeriFone Holdings, Inc. is a designer and marketer of electronic payment technologies and services that holds the long term goal of facilitating the global shift toward electronic payment transactions and away from cash and checks. The company focuses on point of sale payment systems for global financial institutions, payment processors, petroleum companies, large retailers, government organizations and healthcare companies, as well as independent sales organizations. VeriFone’s payment system consists of point of sale electronic payment devices that run the firm’s proprietary and third party operating systems, security and encryption software and certified payment software as well as third party, value-added applications. The payment systems are able to process a wide range of payment types including signature and PIN-based debit cards, credit cards, radio frequency identification (RFID) cards and tokens, smart cards, pre-paid gift and other stored-value cards, electronic bill payment, check authorization and conversion, signature capture and electronic benefits transfer. The electronic payment systems are available in several distinctive modular configurations, including wireline, wireless, countertop, integrated and stand-alone payment terminals models. Customers are also offered support for installed systems, consulting and project management services for system deployment and customization of integrated software solutions. In November 2007, VeriFone, introduced VeriFone Access, a product designed to manage electronic payments, to Mexico. In December of the same year, the company purchased the EFTPOS Services Business from the Australian firm, Peripheral Computer Industries (PCI). Among the new products introduced in 2008 are an EMV certified integrated transportation payment system that is used on buses in Kahramanmaras, Turkey and the Vx 700, an electronic payments module to be used in kiosk, vending machines and ticketing devices. Employees of the company are offered medical, dental and vision insurance; life insurance; AD&D insurance; financial protection benefits; disability coverage; flexible spending accounts; a 401(k); an employee assistance program; and education reimbursement.
BRANDS/DIVISIONS/AFFILIATES: MX Solutions Vx Solutions Verix Operating Environment SoftPay Software VeriShield iOrder Food Service Kiosk POSitouch Hospitality Systems Peripheral Computer Industries
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Douglas G. Bergeron, CEO Robert Dykes, CFO/Sr. VP Paul Rasory, Sr. VP-Mktg. Dawn LaPlante, VP-Human Resources Dave Turnbull, Sr. VP-R&D Patrick McGivern, Sr. VP-Oper. Lazy Yanay, Managing Dir.-VeriFone Middle East Elmore Waller, Exec. VP-Integrated Solutions Dan Yienger, VP-Petroleum Sales Jennifer Miles, VP & Gen. Mgr.-Integrated Systems Retail Charles R. Rinehart, Chmn. William C. Nichols, Sr. VP & Gen. Mgr.-Asia Pacific Patrick McGivern, Sr. VP-Global Supply Chain
Phone: 408-232-7800 Fax: 408-232-7811 Toll-Free: Address: 2099 Gateway Pl., Ste. 600, San Jose, CA 95110 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $902,892 2007 Profits: $-34,016 U.S. Stock Ticker: PAY 2006 Sales: $581,070 2006 Profits: $59,511 Int’l Ticker: Int’l Exchange: 2005 Sales: $485,367 2005 Profits: $33,239 Employees: 2,224 2004 Sales: $390,088 2004 Profits: $5,606 Fiscal Year Ends: 10/31 2003 Sales: $ 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $695,833 Second Exec. Salary: $396,667
Bonus: $192,284 Bonus: $150,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
Plunkett Research, Ltd.
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VISA INC
www.visa.com
Industry Group Code: 522210 Ranks within this company's industry group: Sales: 5 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 7
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Credit Cards Debit Cards
Visa Inc., formerly Visa International, operates one of the largest consumer payment systems in the world, with approximately 1.6 billion Visa cards in use. Visa’s payment platforms include credit, debit, prepaid and personal consumption expenditure. In fiscal 2008, Visa sales volume across these platforms grew to over $4 trillion. The company operates through regional organizations covering Europe; Central and Eastern Europe, the Middle East and Africa (CEMEA); the U.S.; Latin America and the Caribbean; Canada; and the Asia Pacific region. Through the Visa brand, the firm’s products include credit, debit and prepaid cards; Internet payment systems; traveler’s checks and fund transfers; and programs and benefits for commercial and governmental enterprises. Visa offers several types of credit card for individuals and for commercial and governmental offices, with various benefits and credit limits. Visa has partnerships with several leading industry companies and charities, including Delta, Marriott, Le Meridien, USAID and GlobalGiving. To facilitate its transactions, Visa also has partnerships with various Internet and payment-processing companies, including Oasis Technology; VeriSign, Inc.; Trintech Group PCC; WAY Systems; Worlds.com Inc.; and Yahoo, Inc. The company does not issue cards, set fees or determine the interest rates consumers will be charged. The firm earns revenues by charging banks to issue Visabranded cards and merchants to accept Visa-branded cards. Visa is in the process of rolling out a variety of mobile-phonerelated services. In October 2007, Visa restructured itself: Visa Canada Association; Visa U.S.A., Inc.; Visa International Service Association; and Inovant LLC became direct and indirect subsidiaries of Visa, Inc. Visa Europe remains a membership association and is a licensee of, and owns a minority interest in, Visa, Inc. The company went public in March 2008, raising close to $17.9 billion. In September 2008, Visa began offering unembossed cards, allowing for more immediate card production and account access.
BRANDS/DIVISIONS/AFFILIATES: Visa Direct Visa Giro Visa U.S.A., Inc. Visa Canada Association Visa International Service Association Inovant LLC Visa International
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Joseph Saunders, CEO John Partridge, COO Hans Morris, Pres. Byron H. Pollitt, CFO Antonio Lucio, Chief Mktg. Officer Rick Leweke, Head-Human Resources Michael L. Dreyer, CIO Josh Floum, General Counsel/Corp. Sec. Keith Hunter, Head-Oper. William M. Sheedy, Head-Strategy & Bus. Dev. Doug Michelman, Head-Corp. Rel. Jack Carsky, Head-Investor Rel. Tim Wilson, Head-Canada Elizabeth Buse, Head-Product Ellen Richey, Chief Enterprise Risk Officer Eduardo Erana, Pres., Latin America & Caribbean Joseph Saunders, Chmn. Anne Cobb, Pres., EMEA
Phone: 605-432-3200 Fax: 605-432-7436 Toll-Free: Address: 900 Metro Center Blvd., Foster City, CA 94404 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $3,589,796 2007 Profits: $-1,076,095 U.S. Stock Ticker: V 2006 Sales: $2,948,126 2006 Profits: $454,561 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,162,316 2005 Profits: $83,200 Employees: 5,479 2004 Sales: $1,427,002 2004 Profits: $32,289 Fiscal Year Ends: 9/30 2003 Sales: $1,369,377 2003 Profits: $18,980 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 7 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $804,519 Second Exec. Salary: $635,411
Bonus: $10,230,514 Bonus: $4,340,172
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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VISA USA INC
usa.visa.com
Industry Group Code: 522210 Ranks within this company's industry group: Sales: Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits:
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Credit Cards Debit Cards Prepaid Cards Transaction Processing
Visa U.S.A., Inc. is the U.S. branch of Visa, Inc., a leading credit and debit card company. The company does not offer cards or financial services directly to consumers and merchants, but works to advance new products and technologies for its members. Visa is an association of more than 13,000 financial institutions that issue cards under the Visa brand name. There are approximately 520 million Visa cards in the U.S., which include smart, credit, commercial, prepaid and check cards. Visa-brand cards are accepted in more than 170 countries, and Visa’s transaction processing network, VisaNet, can process 11,000 messages per second, with over 81 billion authorization, clearing and settlement transactions in 2007. The firm offers five different types of credit card with different credit lines and benefits: Visa Classic, the standard card issued to first-card holders; Visa Secured, secured with a savings or CD account for consumers trying to re-build credit history; Visa Gold, a higher credit line for financially stable customers; Visa Platinum, with enhancements such as rental collision waiver, inquiry service and emergency cash and card replacement; and Visa Signature, the most exclusive card, which offers concierge service, retail and travel offers, gifts and upgrades, guaranteed airport parking, lost luggage reimbursement and extensive travel and emergency services. Visa has sponsored such events as the Olympics, NFL sports, NASCAR, Broadway shows and the Visa Triple Crown. The company also offers reloadable prepaid cards such as Visa Payroll, Visa TravelMoney, Visa Buxx and Visa Gift Card. Visa offers employees adoption assistance, on-site gyms and athletic leagues, commuter subsidies and employee assistance programs.
BRANDS/DIVISIONS/AFFILIATES: Visa Inc Visa Classic Visa Secured Visa Gold Visa Platinum Visa Signature Visa Payroll Visa Buxx
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Joseph W. Saunders, CEO John C. (Hans) Morris, Acting Pres. Byron Pollitt, CFO Antonio Lucio, Chief Mktg. Officer Rick Leweke, Exec. VP-Human Resources Michael L. Dreyer, CIO Elizabeth L. Buse, Exec. VP-Prod. Dev. & Mgmt. Joshua R. Floum, General Counsel/Exec. VP/Corp. Sec. Douglas Michelman, VP-Corp. Rel.. Joseph W. Saunders, Chmn.
Phone: 650-432-3200 Fax: 650-432-3631 Toll-Free: Address: 900 Metro Ctr. Blvd., Foster City, CA 94404-2172 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $ 2007 Profits: $ U.S. Stock Ticker: Subsidiary 2006 Sales: $ 2006 Profits: $ Int’l Ticker: Int’l Exchange: 2005 Sales: $ 2005 Profits: $ Employees: 3,429 2004 Sales: $ 2004 Profits: $ Fiscal Year Ends: 9/30 2003 Sales: $ 2003 Profits: $ Parent Company: VISA INC
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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W HOLDING COMPANY INC
www.wholding.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 92 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 103
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Insurance Mortgages Brokerage Services Consumer Loans Trust Services Commercial Loans Electronic Funds Transfer Network
W Holding Company, Inc. is a financial holding company offering a full range of business and consumer financial services, including banking, trust and brokerage services. The company performs most of its business through its wholly-owned commercial bank subsidiary, Westernbank Puerto Rico. Westernbank operates through a network of 57 bank branches, including 20 Expresso of Westernbank branches, located throughout Puerto Rico. The company also maintains a banking site on the Internet. Westernbank’s traditional banking services include its retail operations, consumer loans, mortgage loans, commercial loans, investments and deposit products. Westernbank operates five divisions in addition to its traditional operations: the Westernbank International Division, which offers commercial and related services, and treasury and investment activities outside of Puerto Rico; Westernbank Business Credit, which specializes in commercial business loans secured principally by commercial real estate, accounts receivable, inventory and equipment; Westernbank Trust Division, which offers a full array of trust services; Expresso of Westernbank, a division which specializes in small, unsecured consumer loans up to $15,000 and real estate collateralized consumer loans up to $150,000; and Westernbank International Trade Services, which specializes in international trade products and services. Westernbank also owns several subsidiaries, including: Westernbank World Plaza, Inc., the holding company that owns and operates Westernbank World Plaza, a 23-story office building; SRG Net, Inc., a Puerto Rico corporation that operates an electronic funds transfer network; and Westernbank Financial Center Corp., a Floridabased commercial lending company that began operation in February 2007. W Holding Company’s other direct subsidiary is Westernbank Insurance Corp, which is a general insurance agent that sells property, casualty, life and disability insurance. Currently, most of the agency’s volume is derived from mortgage insurance on residential mortgage loans and credit life insurance for borrowers of personal loans.
BRANDS/DIVISIONS/AFFILIATES: Westernbank Puerto Rico Westernbank Insurance Corp. Expresso of Westernbank Westernbank World Plaza, Inc. SRG Net, Inc. Westernbank International Trade Services
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Frank C. Stipes, CEO Carlos Davila, COO Freddy Maldonado, CFO/Sr. Exec. VP Vixson Frank Baez, Corp. Comm. Vixson Frank Baez, Investor Rel. Norberto Rivera, Chief Acct. Officer/Comptroller Frank C. Stipes, CEO/Pres., Westernbank Puerto Rico Andres Morgado, Pres., Westernbank Trust Div. Miguel Vazquez, Pres., Westernbank Bus. Credit Div. Mayra Hansen, Sr. VP/Chief Risk Officer Frank C. Stipes, Chmn.
Phone: 787-834-8000 Fax: 787-834-5958 Toll-Free: Address: 19 W. McKinley St., 4th Fl., Mayaguez, PR 00680 Puerto Rico
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,080,000 2007 Profits: $90,000 U.S. Stock Ticker: WHI 2006 Sales: $1,038,464 2006 Profits: $100,531 Int’l Ticker: Int’l Exchange: 2005 Sales: $831,200 2005 Profits: $163,100 Employees: 1,386 2004 Sales: $622,600 2004 Profits: $171,900 Fiscal Year Ends: 12/31 2003 Sales: $489,725 2003 Profits: $113,314 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $382,500 Second Exec. Salary: $308,942
Bonus: $525,000 Bonus: $29,167
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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WACHOVIA CORP
www.wachovia.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 16 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 18
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Consumer & Corporate Banking Investment Management Trusts & Mutual Funds Residential Mortgage Origination Investment Banking Credit Card Services Discount Brokerage
Wachovia Corp., one of America's largest banking firms, is a financial and bank holding company that provides a range of commercial and retail banking and trust services. The company offers full-service banking offices in 21 states, including Connecticut, Delaware, Florida, Georgia, Maryland, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Virginia and Washington, D.C. The firm provides financial services including mortgage banking, credit card servicing, investment banking, online banking, investment advisory, home equity lending, asset-based lending, leasing, insurance and international and securities brokerage services through its subsidiaries. Global services are offered through 40 international offices. Wachovia Securities, LLC, is the firm’s retail securities brokerage business and operates in 49 states. Following the acquisition of Prudential Securities, Wachovia aggressively expanded its investment banking operations, and it has one of the largest staffs of stock brokers in the nation, at 10,500. In early 2007, Wachovia, through its Evergreen Investments unit, agreed to acquire a 70% stake in European Credit Management Ltd. In October 2008, the firm agreed to be acquired by Wells Fargo for $15.1 billion, after lengthy merger talks with Citigroup ended. The combined company will have $1.42 trillion in assets, 280,000 employees, 48 million customers and 10,761 offices in 40 states. Wachovia’s employee benefits include an employee assistance program, transportation spending accounts, onsite child care centers and child care discounts, natural disaster relief, flexible work schedules, a pension plan and a prescription drug program.
BRANDS/DIVISIONS/AFFILIATES: Wells Fargo SouthTrust Corporation Tanager Financial Services, Inc. WFS Financial, Inc. Westcorp Wachovia Bank N.A. Golden West Financial Corp. European Credit Management Ltd.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Lanty L. Smith, Interim CEO Ken Thompson, Pres. Thomas J. Wurtz, CFO/Exec. VP Shannon McFayden, Head-Human Resources Jerry Enos, Head-Tech. Mark Treanor, General Counsel/Sr. Exec. VP Jerry Enos, Head-Oper. Jerry Enos, Head-e-Commerce Shannon McFayden, Head-Corp. Rel. Pete Carlson, Controller Danny Ludeman, CEO/Pres., Wachovia Securities, LLC Don Truslow, Sr. Exec. VP/Chief Risk Officer Steve Cummings, Sr. Exec. VP/Head-Corp. & Investment Banking Stan Kelly, Sr. Exec. VP/Pres., Wealth Mgmt. Lanty L. Smith, Chmn.
Phone: 704-374-6161 Fax: 704-374-3425 Toll-Free: 800-922-4684 Address: 1 Wachovia Ctr., Charlotte, NC 28288-0013 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $56,662,000 2007 Profits: $6,312,000 U.S. Stock Ticker: WB 2006 Sales: $46,810,000 2006 Profits: $7,791,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $35,908,000 2005 Profits: $6,643,000 Employees: 121,890 2004 Sales: $28,067,000 2004 Profits: $5,214,000 Fiscal Year Ends: 12/31 2003 Sales: $24,613,000 2003 Profits: $4,264,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $1,090,000 Second Exec. Salary: $700,000
Bonus: $5,150,000 Bonus: $3,450,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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WEBSTER FINANCIAL CORP
www.websterbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 84 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 97
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Insurance Mutual Funds Trust Services Financial Planning Equipment Financing Annuities
Webster Financial Corporation, founded in 1935, works through its subsidiaries to provide financial services to individuals and businesses in Connecticut. With assets totaling approximately $17 billion, Webster Financial, through its various non-banking financial services subsidiaries, provides financial services to individuals, families and businesses throughout southern New England and eastern New York State. Subsidiaries include Webster Bank; Webster Insurance, Inc.; Webster Investment Services, Inc.; and Fleming, Perry & Cox. Webster Bank, a national bank charter and the firm’s primary subsidiary, provides business and consumer banking, mortgage origination and lending, trust and investment services and insurance services through 181 banking offices, 343 ATMs and online banking. Webster Financial’s Consumer Finance division provides residential first mortgages, home equity loans and direct installment lending programs through Webster Bank and its subsidiary People’s Mortgage Corporation. Webster Insurance provides risk management services, employee benefit plans and annuities along with commercial and personal insurance. Webster Investment Services offers securities services, including brokerage and investment advice. Webster Financial also owns an equipment financing company, Center Capital Corporation, which offers investment banking and financial advisory services. Fleming, Perry & Cox operates with Webster Financial Advisors (WFA) to provide several different levels of financial planning services, including specialized services. WFA also works with the J. Bush & Co. division to offer proprietary and non-proprietary investment products. In February 2008, the firm sold Webster Insurance to USI Holdings Corp. In connection with the sale, Webster Bank entered into a joint marketing agreement with USI to provide expanded precuts and services to their respective clients. In March 2008, the company completed branding of 140 ATMs in Walgreens drugstores throughout Massachusetts, Rhode Island and Connecticut.
BRANDS/DIVISIONS/AFFILIATES: Webster Bank Fleming, Perry & Cox J. Bush & Co. Webster Investment Services People’s Mortgage Corporation Center Capital Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. James C. Smith, CEO Gerald P. Plush, CFO/Sr. Exec. VP Michelle M. Crecca, Exec. VP/Chief Mktg. Officer Jeffrey N. Brown, Chief Admin. Officer/Exec. VP Harriet Munrett Wolfe, General Counsel/Corp. Sec./Exec. VP Terrence K. Mangan, Sr. VP-Investor Rel. Douglas O. Hart, Exec. VP/Chief Acct. Officer John R. Ciulla, Exec. VP/Chief Credit Risk Officer Nitin J. Mhatre, Exec. VP-Consumer Lending Scott M. McBrair, Exec. VP-Retail Banking Joseph J. Savage, Exec. VP-Commercial Banking James C. Smith, Chmn.
Phone: 203-753-2921 Fax: 203-573-8688 Toll-Free: 800-325-2424 Address: 145 Bank St., Webster Plaza, Waterbury, CT 06720 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,201,472 2007 Profits: $96,773 U.S. Stock Ticker: WBS 2006 Sales: $1,239,801 2006 Profits: $133,790 Int’l Ticker: Int’l Exchange: 2005 Sales: $1,092,732 2005 Profits: $185,855 Employees: 3,354 2004 Sales: $951,815 2004 Profits: $153,833 Fiscal Year Ends: 12/31 2003 Sales: $891,201 2003 Profits: $163,248 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Y
Profit Sharing:
Top Exec. Salary: $879,800 Second Exec. Salary: $527,900
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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WELLS FARGO & CO
www.wellsfargo.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 18 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 12
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Credit & Debit Cards Personal Trust Accounts Management Mutual Fund Administration Mortgages Insurance Services Investment Banking Asset Management
Wells Fargo & Co. is a financial services company that provides commercial and corporate banking. Services include wholesale and mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage, investment banking, insurance agency services, computer and data processing services, trust services, mortgage-backed securities and venture capital investment. The firm has three business segments: the Community Banking Group, the Wholesale Banking Group and Wells Fargo Financial. The Community Banking Group offers diversified financial products and services to consumers and small businesses with annual sales generally up to $20 million in which the owner is often the financial decision maker. Community Banking also offers investment management and other services to retail customers and high net worth individuals. The Wholesale Banking Group serves businesses with more than $10 million dollars in annual revenue. These services include commercial loans, lines of credit, letters of credit, asset-based lending, equipment leasing, mezzanine financing, high-yield debt, international trade facilities, foreign exchange services, treasury management and investment management. Wells Fargo Financial provides home, business and automobile loans, as well as investment brokerages. In May 2008, the company announced the formation of a joint venture with Bank of America, called Pariter solutions LLC, to operate an automated clearinghouse platform for both companies and their clients. In June 2008, Wells Fargo signed a definitive agreement to acquire the banking operations of F.S.B Bancorporation, Inc.’s subsidiary Farmers State Bank of Fort Morgan. Also in June 2008, the company signed a definite agreement to acquire operations of Transcap Associates, Inc, a purchase order and trade finance company. In August 2008, the firm entered into agreement to acquire Century Bancshares and its banking operations in Dallas-Fort Worth and Texarkana. In October, Wells Fargo agreed to acquire Wachovia Corp. The combined company will have $1.42 trillion in assets, 280,000 employees, 48 million customers and 10,761 offices in 40 states. Wells Fargo offers its employees tuition reimbursement, adoption assistance, commuter benefits, gift matching, free checking and savings accounts and scholarships for dependent children.
BRANDS/DIVISIONS/AFFILIATES: Wells Fargo Securities LLC Barrington Associates Wells Fargo Insurance Wells Fargo Funds Management, LLC Wachovia Corporation Wells Fargo Brokerage Services, LLC Wells Fargo Institutional Securities, LLC Wells Fargo Foothill
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John G. Stumpf, CEO John G. Stumpf, Pres. Howard I. Atkins, CFO/Sr. Exec. VP Julie M. White, Exec. VP/Dir.-Human Resources James M. Strother, General Counsel/Exec. VP-Law & Gov't Rel. Richard D. Levy, Exec. VP/Controller Mark C. Oman, Sr. VP-Home & Consumer Finance David A. Hoyt, Sr. Exec. VP-Wholesale Banking Michael J. Loughlin, Chief Credit Officer/Exec. VP Carrie L. Tolstedt, Sr. Exec. VP-Community Banking Richard M. Kovacevich, Chmn. Sara Wardell-Smith, Exec. VP-Int'l Treasury Mgmt.
Phone: 612-667-1234 Fax: Toll-Free: Address: 420 Montgomery St., San Francisco, CA 94163 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $53,593,000 2007 Profits: $8,057,000 U.S. Stock Ticker: WFC 2006 Sales: $47,998,000 2006 Profits: $8,482,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $40,527,000 2005 Profits: $7,671,000 Employees: 159,800 2004 Sales: $33,876,000 2004 Profits: $7,014,000 Fiscal Year Ends: 12/31 2003 Sales: $31,800,000 2003 Profits: $6,202,000 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $995,000 Second Exec. Salary: $749,615
Bonus: $5,700,000 Bonus: $4,200,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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WESTAMERICA BANCORPORATION Industry Group Code: 522110 Ranks within this company's industry group: Sales: 139 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
www.westamerica.com Profits: 104
Credit Cards: VISA/MC/Amex: Private Label Cards:
Y
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Securities Foreign Exchange Credit Cards Trust Services
Westamerica Bancorporation, with over $4.2 billion in assets, is a bank holding company that provides a full range of banking services to individual and corporate customers through its main operating subsidiary, Westamerica Bank. The firm operates 86 branch offices with 100 ATMs and two trust offices in 21 counties in northern and central California. Westamerica also owns 26 branch office locations and one administrative facility and leases 70 facilities. The company’s strategic focus is on the banking needs of small businesses, including cash and payment management, electronic solutions, deposit accounts, loans and lines of credit, merchant services, financial planning services and business trust services. Westamerica Bank also owns Community Banker Services Corporation, which provides Westamerica and its subsidiaries with data processing services and other support functions. Westamerica also offers construction, residential mortgage and consumer loans. Subsidiaries include ValliCorp Holdings, Inc., parent company of ValliWide Bank; First Counties Bank; Kerman State Bank; and Redwood Empire Bancorp, parent company of National Bank of the Redwoods.
BRANDS/DIVISIONS/AFFILIATES: Westamerica Bank Community Banker Services Corporation ValliCorp Holdings, Inc. First Counties Bank Kerman State Bank Redwood Empire Bancorp
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. David L. Payne, CEO David L. Payne, Pres. Robert A. Thorson, CFO/Sr. VP Jennifer J. Finger, Sr. VP/Treas. Frank Zbacnik, Sr. VP/Chief Credit Admin. Dennis R. Hansen, Sr. VP David L. Payne, Chmn.
Phone: 707-863-6000 Fax: Toll-Free: Address: 1108 5th Ave., San Rafael, CA 94901 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $295,150 2007 Profits: $89,776 U.S. Stock Ticker: WABC 2006 Sales: $301,862 2006 Profits: $98,806 Int’l Ticker: Int’l Exchange: 2005 Sales: $302,240 2005 Profits: $107,441 Employees: 874 2004 Sales: $262,135 2004 Profits: $95,218 Fiscal Year Ends: 12/31 2003 Sales: $268,575 2003 Profits: $95,063 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $371,000 Second Exec. Salary: $135,000
Bonus: $450,000 Bonus: $97,800
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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WESTERN UNION COMPANY (THE)
www.westernunion.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 2 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 2
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Money Transfers Money Orders Bill Payment Services
Western Union Co. (The) is a provider of global money transfers, offering ways for customers to send money, pay bills and purchase money orders around the globe. The company operates in two segments, consumer-to-consumer and consumer-to-business. The consumer-to-consumer segment provides money transfer services between consumers, primarily through a global network of third-party agents using multi-currency, real-time money transfer processing systems. The consumer-to-business segment focuses on payments to billers through the firm’s networks of third-party agents and various electronic channels. The company offers its services under the Western Union, Orlandi Valuta, Vigo and Pago Facil brands through a network of about 335,000 agent locations in more than 200 countries and territories. About 80% of its agent locations are outside the U.S. The company’s revenue is derived primarily from fees that customers pay to transfer money, as well as from foreign currency exchange rate discrepancies. Western Union agents include large networks such as post offices, banks and retailers. The firm has agreements with postal organizations in postal organizations in Argentina, Australia, China, France, Germany, India, New Zealand, Russia, Spain and elsewhere. Western Union’s services are offered through banks such as Agricultural Bank of China, BNP Paribas, Credit Lyonnais, Millennium BCP and the State Bank of India. National and international retailers in the network include Kroger and Publix in the United States and Elektra and Travelex internationally. Many agents have multiple locations. In August 2008, the firm acquired Transfer Express de Panama, which will directly operate its own 15 locations and manage relationships with sub-Agents who represent nearly 100 sites throughout Panama.
BRANDS/DIVISIONS/AFFILIATES: Orlandi Valuta Vigo Pago Facil Servicio Electronico De Pago S.A. Transfer Express de Panama
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Christina A. Gold, CEO Christina A. Gold, Pres. Scott T. Scheirman, CFO/Exec. VP Gail Galuppo, Chief Mktg. Officer/Exec. VP Grover Wray, Exec. VP-Human Resources Robin Heller, Exec. VP-IT David Schlapbach, General Counsel/Exec. VP/Sec. Robin Heller, Exec. VP-Oper. David Barnes, Exec. VP-U.S., Canada & Strategic Dev. Anne McCarthy, Exec. VP-Corp. Affairs Stewart A. Stockdare, Exec. VP/Pres., US & Canada Liz Alicea-Velez, Exec. VP-Latin America & Caribbean Ian Marsh, Exec. VP/Managing Dir.-Asia Pacific Region Guy A. Battista, Exec. VP/Pres., Western Union Financial Svc., Inc. Hikmet Ersek, Exec. VP/Managing Dir.-EMEA & South Asia
Phone: 720-332-1000 Fax: 720-332-4753 Toll-Free: 866-405-5012 Address: 12500 E. Belford Ave., Englewood, CO 80112 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $4,900,200 2007 Profits: $857,300 U.S. Stock Ticker: WU 2006 Sales: $4,470,200 2006 Profits: $914,000 Int’l Ticker: Int’l Exchange: 2005 Sales: $3,987,900 2005 Profits: $927,400 Employees: 6,100 2004 Sales: $3,547,600 2004 Profits: $751,600 Fiscal Year Ends: 12/31 2003 Sales: $3,120,800 2003 Profits: $638,700 Parent Company:
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 7 Hot Spot for Advancement for Women/Minorities: Y
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan:
Y
Profit Sharing:
Top Exec. Salary: $912,500 Second Exec. Salary: $660,300
Bonus: $647,500 Bonus: $421,400
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International: Y
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WHITNEY HOLDING CORP
www.whitneybank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 107 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 84
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Cash Management Services
Whitney Holding Corp. is the holding company for Whitney National Bank, Whitney Securities LLC, Southern Coastal Insurance Agency, Inc. and Whitney Community Development Corp. The company engages in community banking through 150 branches and serves a market that covers the five Gulf Coast states: Texas, Louisiana, Mississippi, Alabama and Florida. The bank also maintains a foreign branch on Grand Cayman in the British West Indies. The bank provides a broad range of community banking services to commercial, small businesses and retail customers. It offering a variety of transaction and savings deposit products; cash management services; secured and unsecured loan products, including revolving credit facilities; and letters of credit and similar financial guarantees. Whitney National also provides trust and investment management services to retirement plans, corporations and individuals and, together with subsidiary Whitney Securities, LLC, offers investment brokerage services and annuity products. Southern Coastal Insurance Agency, Inc., another bank subsidiary, offers personal and business lines of insurances to customers in northwest Florida. Whitney Holding also owns Whitney Community Development Corp., which provides financial support to corporations or projects that promote community welfare in areas with mainly low or moderate incomes. In 2007, the firm completed the acquisition of Signature Financial Holdings Inc., the parent company of Signature Bank. In June 2008, the firm announced the execution of an agreement to acquire Parish National Corporation, the parent company of Parish National Bank. The company offers its employees medical and dental insurance; flexible spending accounts; life and AD&D insurance; short- and long-term disability insurance; a 401(k) plan; a retirement plan; an employee assistance plan; and tuition reimbursement.
BRANDS/DIVISIONS/AFFILIATES: Whitney National Bank Whitney Community Development Corp. First National Bancshares, Inc. 1st National Bank & Trust Signature Financial Signature Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John C. Hope, III, CEO John C. Hope, III, Pres. Thomas L. Callicutt, Jr., CFO/Exec. VP Francisco DeArmas, Exec. VP-Tech. Francisco DeArmas, Exec. VP-Oper. Robert C. Baird, Jr., Exec. VP-Louisiana Banking Joseph S. Exnicios, Exec. VP-Metro New Orleans Banking Kevin P. Reed, Exec. VP-Trust & Wealth Mgmt. Lewis P. Rogers, Exec. VP-Credit Admin. John C. Hope, III, Chmn.
Phone: 504-586-7272 Fax: 504-586-3658 Toll-Free: 800-347-7272 Address: 228 St. Charles Ave., New Orleans, LA 70130 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $787,787 2007 Profits: $151,054 U.S. Stock Ticker: WTNY 2006 Sales: $701,162 2006 Profits: $144,645 Int’l Ticker: Int’l Exchange: 2005 Sales: $550,320 2005 Profits: $102,349 Employees: 2,474 2004 Sales: $443,295 2004 Profits: $97,137 Fiscal Year Ends: 12/31 2003 Sales: $427,573 2003 Profits: $98,542 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $900,000 Second Exec. Salary: $560,000
Bonus: $855,000 Bonus: $397,600
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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WILMINGTON TRUST CORP
www.wilmingtontrust.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 89 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Profits: 79
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Asset & Investment Management Wealth Advisory Services Trust Services
Wilmington Trust Corporation (WTC) provides wealth advisory services, corporate client services and regional banking services through its main subsidiary, Wilmington Trust Company, a chartered bank and trust firm. The company has four primary business segments: Regional banking; corporate client services; wealth advisory services; and affiliate money managers. With 47 branch offices, the bank operates as the corporation’s principal subsidiary and is one of the largest full-service banks in Delaware, providing standard services such as loans and deposit accounts, investment advice and planning, mutual funds, brokerage services, insurance, equipment leasing and retirement benefits plans. The firm owns two other depository institutions: Wilmington Trust of Pennsylvania (WTSP), a Pennsylvania-chartered bank and trust company with four branches; and Wilmington Trust FSB (WTFSB), a federally chartered savings bank. WTC also owns Rodney Square Management Corporation, a registered investment adviser; WT Investments, Inc., an investment holding company with interests in six asset management firms; GTBA Holdings, Inc., an investment holding company with interests in two asset management firms; Wilmington Trust Investment Management, LLC, an investment advisory firm; and Wilmington Trust (UK), Ltd., with interest in four international firms providing entity management services. In June 2007, the company expanded its Corporate Client Services business in Europe through the acquisition of Amaco (Luxembourg) S.A., which will be renamed Wilmington Trust SP Services (Luxembourg) S.A. In June 2007, Wilmington completed the acquisition of Bingham Legg Advisers LLC, a Boston-based wealth management firm. In September 2008, the company was appointed, by the United States Trustee, as indenture trustee for roughly $47 billion of debt issued by Lehman Brothers. The company’s administrative role prevents any direct or credit investment exposure. Wilmington Trust offers its employees a flexible benefits program, commuter compensation and tuition reimbursement.
BRANDS/DIVISIONS/AFFILIATES: Wilmington Trust Company Rodney Square Management Corp. WT Investments, Inc. Wilmington Trust of Pennsylvania Wilmington Trust FSB Amaco (Luxembourg) S.A. Wilmington Trust SP Services (Luxembourg) S.A. Bingham Legg Advisers LLC
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Ted T. Cecala, CEO Robert V.A. Harra, Jr., COO Robert V.A. Harra, Jr., Pres. David R. Gibson, CFO/Exec. VP Michael A. DiGregorio, General Counsel/Sr. VP/Sec. William J. Farrell II, Exec. VP Mark A. Graham, Exec. VP Robert M. Balentine, Exec. VP Kevyn N. Rakowski, Sr. VP/Controller Ted T. Cecala, Chmn.
Phone: 302-651-1000 Fax: 302-651-8010 Toll-Free: 800-441-7120 Address: 1100 N. Market St., Rodney Sq. N., Wilmington, DE 19890-0001 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $1,112,900 2007 Profits: $182,000 U.S. Stock Ticker: WL 2006 Sales: $1,020,900 2006 Profits: $143,800 Int’l Ticker: Int’l Exchange: 2005 Sales: $829,900 2005 Profits: $173,000 Employees: 2,704 2004 Sales: $673,200 2004 Profits: $141,900 Fiscal Year Ends: 12/31 2003 Sales: $633,000 2003 Profits: $ Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Y
Profit Sharing:
Top Exec. Salary: $668,269 Second Exec. Salary: $476,154
Bonus: $674,000 Bonus: $361,024
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast: Y
International:
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WINTRUST FINANCIAL CORP
www.wintrust.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 134 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 120
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
Banking Loans Home Mortgages Trust and Investment Services Outsourced Administrative Services Data Processing Insurance Financing
Wintrust Financial Corporation provides personal and commercial banking services to customers located in the greater Chicago, Illinois and southern Wisconsin metropolitan areas. Through its subsidiaries, the company provides community banking, wealth management services and specialty lending. Wintrust’s traditional community banking services include home equity, home mortgage, trust and investment services, safe deposit facilities, ATMs and Internet banking. The company’s wealth management services include trust and investment services, asset management and securities brokerage services, marketed primarily under the Wayne Hummer name. Wintrust also provides financing for commercial insurance premiums on a national basis through First Insurance Funding Corporation, a wholly-owned subsidiary of Crabtree Capital Corporation, which is in turn a wholly-owned subsidiary of Lake Forest Bank. Banking subsidiaries include Lake Forest Bank and Trust Company, Hinsdale Bank and Trust Company, North Shore Community Bank and Trust Company, Libertyville Bank and Trust Company, Northbrook Bank and Trust Company, Village Bank and Trust, Wheaton Bank and Trust, State Bank of the Lakes, St. Charles Bank and Trust Company, Town Bank, Barrington Bank and Trust Company, Crystal Lake Bank and Trust Company, Advantage National Bank, Beverly Bank and Trust Company and Old Plank Trail Community Bank. All of the banking subsidiaries are independently managed and control other subsidiaries. Tricom, Inc. of Milwaukee, a wholly-owned subsidiary of Hinsdale Bank, offers short-term accounts receivable financing and outsourced administrative services to clients in the temporary staffing industry. In November 2007 Wintrust acquired Broadway Premium Funding Corporation, a commercial finance company, from Sumitomo Corporation of America. In September 2008, the company announced the creation of MaxSafe Money Market Account, which can provide 15 times the typical amount of FDIS insurance coverage by spreading the deposit amongst the company’s subsidiaries. Wintrust offers its employees a 401(k) plan, an employee stock purchase plan and medical and dental insurance.
BRANDS/DIVISIONS/AFFILIATES: Wayne Hummer First Insurance Funding Corporation Crabtree Capital Corporation Lake Forest Bank and Trust Company Hinsdale Bank and Trust Company North Shore Community Bank and Trust Company Libertyville Bank and Trust Company Northbrook Bank and Trust Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Edward J. Wehmer, CEO David A. Dykstra, COO/Sr. Exec. VP Edward J. Wehmer, Pres. David L. Stoehr, CFO/Exec. VP Lloyd M. Bowden, Exec. VP-Tech. David A. Dykstra, Treas. James H. Bishop, Exec. VP John S. Fleshood, Exec. VP-Risk Mgmt. Timothy Crane, Exec. VP Richard B. Murphy, Chief Credit Officer/Exec. VP Peter D. Crist, Chmn.
Phone: 847-615-4096 Fax: 847-615-4091 Toll-Free: Address: 727 N. Bank Ln., Lake Forest, IL 60045 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $341,638 2007 Profits: $55,653 U.S. Stock Ticker: WTFC 2006 Sales: $340,118 2006 Profits: $66,493 Int’l Ticker: Int’l Exchange: 2005 Sales: $500,600 2005 Profits: $67,000 Employees: 1,964 2004 Sales: $347,198 2004 Profits: $51,334 Fiscal Year Ends: 12/31 2003 Sales: $276,583 2003 Profits: $38,118 Parent Company:
SALARIES/BENEFITS: ESOP Stock Plan: Stock Purch. Plan: Y
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities: Y
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS:
Pension Plan: Savings Plan: Y
Y
Profit Sharing:
Top Exec. Salary: $697,917 Second Exec. Salary: $508,333
Bonus: $ Bonus: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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WORLD ACCEPTANCE CORP
www.worldacceptance.com
Industry Group Code: 522291 Ranks within this company's industry group: Sales: 6 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y
Profits: 3
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Consumer Finance Financial Software Tax Preparation Services Credit Insurance Marketing-Automobile Services Marketing-Electronics & Appliances
World Acceptance Corp. operates a small-loan consumer finance business in 11 U.S. states and Mexico. The company offers short-term small loans, medium-term larger loans, related credit insurance and ancillary products and services to individuals with limited access to other sources of consumer credit. The firm also provides income tax return preparation services and access to refund anticipation loans through a third party bank to its customers and others. Most of the loans provided are between $130 and $3,000, with annual interest rates ranging between 30% and 215%, paid for on an installment plan over less than two years, and originated through 860 offices located in South Carolina, Georgia, Texas, Oklahoma, Louisiana, Tennessee, Illinois, Missouri, New Mexico, Kentucky, Alabama and Mexico. World Acceptance, acting as an agent for an unaffiliated insurance company, in some states engages in the marketing and sales of credit life, credit accident and health, credit property, and unemployment insurance in conjunction with its loans. World Acceptance also markets computer software and related services to finance companies through its ParaData Financial Systems subsidiary. The ParaData system is in use in almost 1,500 consumer loan offices. The firm also markets automobile club memberships to borrowers in Georgia, Tennessee, New Mexico, Alabama and Kentucky as an agent for an unaffiliated automobile club, as well as memberships to the World Acceptance World Class Buying Club, which markets electronic products and appliances to its Texas, Georgia, Tennessee, New Mexico, Alabama and Missouri customers. The company opened 95 new offices during 2008 and purchased 13, while two offices were closed or merged into other offices.
BRANDS/DIVISIONS/AFFILIATES: ParaData Financial Systems World Acceptance World Class Buying Club
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. A. Alexander McLean, III, CEO Mark C. Roland, COO Mark C. Roland, Pres. Kelly Malson, CFO/VP Yvette Drake, VP/Dir.-Mktg. Marilyn M. Messer, VP-Human Resources Judson K. Chapin III, General Counsel/VP/Sec. Jeffrey W. Ohly, Treas./Sr. VP Jeff L. Tinney, Sr. VP-Western Div. James D. Walters, Sr. VP-Southern Div. D. Clinton Dyer, Sr. VP-Central Div. James J. Rosenauer, Pres., ParaData Financial Systems A. Alexander McLean, III, Chmn. Francisco Javier Sauza Del Pozo, Sr. VP-Mexico
Phone: 864-298-9800 Fax: Toll-Free: Address: 108 Fredrick St., Greenville, SC 29607 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $292,318 2007 Profits: $47,896 U.S. Stock Ticker: WRLD 2006 Sales: $243,272 2006 Profits: $38,515 Int’l Ticker: Int’l Exchange: 2005 Sales: $210,758 2005 Profits: $33,990 Employees: 2,594 2004 Sales: $179,152 2004 Profits: $28,765 Fiscal Year Ends: 3/31 2003 Sales: $155,700 2003 Profits: $22,900 Parent Company:
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 8 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $323,863 Second Exec. Salary: $263,867
Bonus: $485,750 Bonus: $352,350
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest: Y
Southeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International: Y
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ZIONS BANCORP
www.zionsbancorporation.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 71 Banking: Banking-U.S.: Banking-Global: Savings Association: Insurance:
Y Y Y
Mortgages: Broker/Banker: Insurance: Specialty Services: High Risk Mortgages:
Y
Lending/Leasing: Consumer Loans: Business Finance: Leasing: Pawn:
Y Y
Profits: 66
Credit Cards: VISA/MC/Amex: Private Label Cards:
Technology: Financial Software: Information Systems: Online Services: ATM Manufacturer: Specialty Equipment:
Y
Services: Payment Processing: Consulting: Specialty Services: Check Cashing Svcs.: Credit Bureau:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Retail Banking Business Lending Residential Mortgages Electronic Securities Trading Municipal Finance Advisory Trust Services e-Commerce Services
Zions Bancorp. provides a full range of banking and related services through its subsidiaries. These include California Bank & Trust; Commerce Bank of Washington; Commerce Bank of Oregon; National Bank of Arizona; Nevada State Bank; Vectra Bank Colorado; Amegy Bank of Texas; and Zions First National Bank. Each of these banks has its own management team. The company operates more than 500 offices across Arizona, California, Colorado, Idaho, Nevada, New Mexico, Texas, Utah, Oregon and Washington. Zions focuses on maintaining community-minded banking through its core business lines of small, medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; residential mortgage; trust and wealth management; investment activities; and treasury cash management and related products and services. The firm’s products and services include a wide variety of commercial and retail banking and mortgage lending products and services. Zions also provides personal banking services, including home mortgages, bankcard, other installment loans, home equity lines of credit, checking accounts, savings accounts, time certificates of various types and maturities, trust services, safe deposit facilities, direct deposit, and 24-hour ATM access. Additionally, the company owns an equity interest in the Federal Agricultural Mortgage Corporation (Farmer Mac) and originates secondary market agricultural real estate mortgage loans through Farmer Mac. The firm controls four venture capital companies that provide early-stage capital for start-up companies in the western U.S. The company controls Contango Capital Advisors, a wealth management business; and NetDeposit and P5, Inc., subsidiaries that provide electronic check processing systems. In early 2007, National Bank of Arizona acquired Stockmen’s Bancorp, Inc., an Arizona firm, for approximately $198.6 million. In September 2007, Amegy Bank acquired Intercontinental Bank Shares Corp. In September 2008, Nevada State Bank acquired the insured deposits of failed Nevada-based Silver State Bank, becoming the operator of Silver State’s 13 branches.
BRANDS/DIVISIONS/AFFILIATES: California Bank & Trust Commerce Bank of Washington National Bank of Arizona Nevada State Bank Vectra Bank Colorado Zions First National Bank Amegy Bank of Texas Silver State Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Harris H. Simmons, CEO Harris H. Simmons, Pres. Doyle L. Arnold, CFO/Vice-Chmn. Connie Linardakis, Exec. VP-Human Resources John T. Itokazu, CIO/Exec. VP Thomas E. Laursen, General Counsel/Exec. VP Alvin Lee, Sr. VP-Corp. Dev. Clark B. Hinckley, Sr. VP-Investor Rel. Nolan X. Bellon, Controller/Sr. VP Bruce K. Alexander, Exec. VP/CEO-Vectra Bank Colorado Aldon S. Anderson, Exec. VP/CEO-Zions First Nat'l Bank David E. Blackford, Exec. VP/CEO-California Bank & Trust Danne L. Buchanan, Exec. VP/CEO-NetDeposit Harris H. Simmons, Chmn.
Phone: 801-524-4787 Fax: Toll-Free: Address: 1 S. Main St., Salt Lake City, UT 84133 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. 2007 Note: Financial information for 2007 was not available for all companies at press time. 2007 Sales: $3,775,878 2007 Profits: $493,745 U.S. Stock Ticker: ZION 2006 Sales: $3,369,330 2006 Profits: $583,125 Int’l Ticker: Int’l Exchange: 2005 Sales: $2,350,411 2005 Profits: $480,121 Employees: 10,933 2004 Sales: $1,932,766 2004 Profits: $405,987 Fiscal Year Ends: 4/30 2003 Sales: $1,889,500 2003 Profits: $337,823 Parent Company:
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Stock Purch. Plan:
OTHER THOUGHTS: Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Profit Sharing:
Top Exec. Salary: $850,000 Second Exec. Salary: $525,000
Bonus: $ Bonus: $515,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
Northeast:
International:
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ADDITIONAL INDEXES
Contents: Index of Firms Noted as “Hot Spots for Advancement” for Women/Minorities
400
Index by Subsidiaries, Brand Names and Selected Affiliations
402
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INDEX OF FIRMS NOTED AS HOT SPOTS FOR ADVANCEMENT FOR WOMEN & MINORITIES ADVANTA CORP ALLIED IRISH BANKS PLC AMCORE FINANCIAL INC AMERICAN EXPRESS CO ASSOCIATED BANC-CORP AUSTRALIA AND NEW ZEALAND BANKING GROUP BANCO SANTANDER CENTRAL HISPANO SA BANK OF AMERICA CORP BANK OF CHINA (BOC) BANK OF HAWAII CORP BANK OF MONTREAL (BMO) BANK OF NEW YORK MELLON CORP BANK OF NOVA SCOTIA (SCOTIABANK) BANK OF THE WEST INC BANKUNITED FINANCIAL CORP BARCLAYS BANK DELAWARE BB&T CORP BNP PARIBAS BOK FINANCIAL CORP CAPITAL ONE NA CENTERLINE HOLDING COMPANY CHECKFREE CORP CHRYSLER FINANCIAL SERVICES LLC CIT GROUP INC CITIGROUP INC CITIZENS FINANCIAL GROUP INC CITIZENS REPUBLIC BANCORP INC CITY NATIONAL CORPORATION CNB CORPORATION COINSTAR INC COLONIAL BANCGROUP INC COMDATA CORP COMERICA INC COMMERCE BANCSHARES INC COMMONWEALTH BANK OF AUSTRALIA COMMUNITY BANK SYSTEM COUNTRYWIDE FINANCIAL CORPORATION CREDIT AGRICOLE SA CULLEN/FROST BANKERS INC CYBERSOURCE CORP DANSKE BANK AKTIESELSKAB DELUXE CORP DESJARDINS GROUP DEUTSCHE BANK AG DEUTSCHE POST AG DEXIA GROUP DIEBOLD INC DIGITAL INSIGHT CORP DISCOVER FINANCIAL SERVICES INC DOLLAR FINANCIAL CORP DORAL FINANCIAL CORP DOWNEY FINANCIAL CORP DRESDNER BANK AG
www.plunkettresearch.com DUN & BRADSTREET CORP (THE, D&B) EAST WEST BANCORP INC EFD EFUNDS CORPORATION ELECTRONIC CLEARING HOUSE INC EQUIFAX INC EURONET WORLDWIDE INC EXPERIAN AMERICAS EXPERIAN PLC FANNIE MAE FEDERAL AGRICULTURAL MORTGAGE CORP (FARMER MAC) FIRST BANCORP FIRST COMMONWEALTH FINANCIAL CORP FIRST DATA CORP FIRST FINANCIAL BANCORP (OH) FIRST HORIZON NATIONAL CORPORATION FIRST MIDWEST BANCORP INC FIRST MORTGAGE CORP FIRST NIAGARA FINANCIAL GROUP INC FIRST REPUBLIC BANK FIRSTFED FINANCIAL CORP FIRSTMERIT CORPORATION FISERV INC FLAGSTAR BANCORP INC FLUSHING FINANCIAL CORP FREDDIE MAC GE REAL ESTATE GENERAL ELECTRIC CO (GE) GLOBAL PAYMENTS INC HANCOCK HOLDING COMPANY HARLEYSVILLE NATIONAL CORP HBOS PLC HSBC HOLDINGS PLC HSBC NORTH AMERICA HOLDINGS INC HSBC USA HUNTINGTON BANCSHARES INC ICICI BANK INDYMAC FEDERAL BANK ING AMERICAS INTERNATIONAL BANCSHARES CORPORATION INTUIT INC IRWIN FINANCIAL CORP JP MORGAN CHASE & CO INC KEYCORP LAURENTIAN BANK OF CANADA LENDINGTREE LLC M&T BANK CORP MARSHALL & ILSLEY CORP MASTERCARD INC MB FINANCIAL INC MBIA INC METAVANTE CORPORATION MOODY'S CORPORATION MORGAN STANLEY MUNICIPAL MORTGAGE & EQUITY NATIONAL AUSTRALIA BANK LTD NATIONAL BANK OF CANADA NATIONAL CITY CORPORATION
Plunkett Research, Ltd. NATIONAL PENN BANCSHARES INC NBT BANCORP INC NORDEA BANK AB NORTHERN TRUST CORP OLD NATIONAL BANCORP ONLINE RESOURCES CORP ORIGEN FINANCIAL INC PACIFIC CAPITAL BANCORP PAYPAL INC PFF BANCORP INC PMI GROUP INC (THE) PNC FINANCIAL SERVICES GROUP INC POPULAR INC PROVIDENT BANKSHARES CORP PROVIDENT FINANCIAL SERVICES INC R&G FINANCIAL CORP REGIONS FINANCIAL CORP ROYAL BANK OF CANADA SANTANDER BANCORP SEI INVESTMENTS CO SLM CORPORATION SOCIETE GENERALE GROUP SOUTH FINANCIAL GROUP (THE) STATE STREET CORP STUDENT LOAN CORP SUNTRUST BANKS INC SUNTRUST MORTGAGES INC SUSQUEHANNA BANCSHARES INC SVB FINANCIAL GROUP SVENSKA HANDELSBANKEN AB SYNOVUS FINANCIAL CORP TCF FINANCIAL CORPORATION TD BANK NA THORNBURG MORTGAGE INC TORONTO-DOMINION BANK (TD BANK) TOTAL SYSTEM SERVICES INC (TSYS) TRANSUNION LLC TRIAD GUARANTY INC UCBH HOLDINGS INC UNIONBANCAL CORPORATION UNITED OVERSEAS BANK LTD US BANCORP VERIFONE HOLDINGS INC VISA INC VISA USA INC WACHOVIA CORP WEBSTER FINANCIAL CORP WELLS FARGO & CO WESTAMERICA BANCORPORATION WESTERN UNION COMPANY (THE) WINTRUST FINANCIAL CORP WORLD ACCEPTANCE CORP ZIONS BANCORP
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS Brand or subsidiary, followed by the name of the related corporation 1st National Bank & Trust; WHITNEY HOLDING CORP 7-Eleven Inc.; SEVEN & I HOLDINGS CO LTD 99 Ranch Market; EAST WEST BANCORP INC Abbey Business; ABBEY NATIONAL PLC Abbey for Intermediaries; ABBEY NATIONAL PLC Abbey International; ABBEY NATIONAL PLC ABB-Insurance; KBC GROUP NV ABN Amro Holdings NV; ROYAL BANK OF SCOTLAND GROUP PLC (THE, RBS) ABN AMRO Mortgage Group; CITIMORTGAGE INC Absa Group Limited; BARCLAYS PLC Academic Management Services; SLM CORPORATION ACC Consumer Finance, LLC; COMPUCREDIT CORPORATION ACCESS Banking; FUNDTECH LTD Account Reconciliation Program; AMEGY BANCORPORATION Accountis Ltd.; FUNDTECH LTD Ace America’s Cash Express; ACE CASH EXPRESS INC Ace Cash Advance; ACE CASH EXPRESS INC Ace Cash Express; ACE CASH EXPRESS INC ACH Solutions; CHECKFREE CORP Addis Group, LLC (The); SUSQUEHANNA BANCSHARES INC ADPC Corp.; ANCHOR BANCORP WISCONSIN ADS ResponseCorp, Inc.; TRANSUNION LLC Advanced Select; EXPERIAN AMERICAS Advanta Bank Corp.; ADVANTA CORP Advanta Business Cards; ADVANTA CORP Advanta Insurance Company; ADVANTA CORP Advanta Life Insurance Company; ADVANTA CORP Advanta National Bank; ADVANTA CORP AdvantagePlus; CITIFINANCIAL AF Insurance Agency, Inc.; ASTORIA FINANCIAL CORP AFCO Credit Corporation; BB&T CORP Agribusiness Banking; BANK OF THE WEST INC AIB Bank Republic of Ireland; ALLIED IRISH BANKS PLC AIB Bank U.K.; ALLIED IRISH BANKS PLC AIB Capital Markets; ALLIED IRISH BANKS PLC AIB Corporate Banking; ALLIED IRISH BANKS PLC AIB Merchant Services; FIRST DATA CORP Aillianz Lebensversicherung AG; ALLIANZ SE Alabama National Bancorporation; ROYAL BANK OF CANADA Alcott Routon; HARLAND CLARKE Allegheny Services, Inc.; NORTHWEST BANCORP INC
www.plunkettresearch.com Allegiant Asset Management; NATIONAL CITY CORPORATION Allegiant Asset Management Company; NATIONAL CITY CORPORATION Allegiant Asset Management Group; NATIONAL CITY CORPORATION Alliance & Leicester Cash Solutions, Ltd.; ALLIANCE & LEICESTER Alliance & Leicester Commercial Bank plc; ALLIANCE & LEICESTER Alliance & Leicester Commercial Finance plc; ALLIANCE & LEICESTER Alliance & Leicester International, Ltd.; ALLIANCE & LEICESTER Alliance & Leicester Mortgage Insurance; ALLIANCE & LEICESTER Alliance & Leicester Personal Finance, Ltd.; ALLIANCE & LEICESTER Alliance & Leicester plc; BANCO SANTANDER CENTRAL HISPANO SA Allianz AG; ALLIANZ SE Allianz Global Investors of America LP; ALLIANZ SE Allianz Group; DRESDNER BANK AG Allianz Life Insurance Company of North America; ALLIANZ SE Allianz SE; COMMERZBANK AG Altamira Financial Services; NATIONAL BANK OF CANADA Amaco (Luxembourg) S.A.; WILMINGTON TRUST CORP AMCORE Bank, N.A.; AMCORE FINANCIAL INC AMCORE Capital Trust I; AMCORE FINANCIAL INC AMCORE Consumer Finance Company, Inc.; AMCORE FINANCIAL INC AMCORE Investment Group, N.A.; AMCORE FINANCIAL INC AMCORE Investment Services, Inc.; AMCORE FINANCIAL INC AMCORE Real Properties, LLC; AMCORE FINANCIAL INC Amegy Bank of Texas; AMEGY BANCORPORATION Amegy Bank of Texas; ZIONS BANCORP American Express Bank Ltd.; STANDARD CHARTERED PLC American Express Business Travel; AMERICAN EXPRESS CO American Express Publishing Corporation; AMERICAN EXPRESS CO American Express Travel Related Services Company; AMERICAN EXPRESS CO American International Bank; EAST WEST BANCORP INC American Pensions, Inc.; SOUTH FINANCIAL GROUP (THE) American State Bank Corporation; BANCORPSOUTH INC AmeriCredit Automobile Receivables Trust; AMERICREDIT CORP
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. Amerin Guaranty Corp.; RADIAN GROUP INC Ameriprise Financial, Inc.; AMERICAN EXPRESS CO AmSouth Bancorporation; REGIONS FINANCIAL CORP Anchor Investment Corp.; ANCHOR BANCORP WISCONSIN AnchorBank, fsb; ANCHOR BANCORP WISCONSIN Anytime Deposits; AMEGY BANCORPORATION ANZ; AUSTRALIA AND NEW ZEALAND BANKING GROUP Appraisal Review Services; PHH CORPORATION ARCap Investors, LLC; CENTERLINE HOLDING COMPANY Archer-Meek-Weiler Agency Inc; HUNTINGTON BANCSHARES INC Arden Realty, Inc.; GE REAL ESTATE Ark Life; ALLIED IRISH BANKS PLC ARM Central; LENDINGTREE LLC ARP Holdings, LLC; AMCORE FINANCIAL INC Arvest Asset Management; ARVEST HOLDINGS INC Arvest Bank Group; ARVEST HOLDINGS INC Arvest Dealer Division; ARVEST HOLDINGS INC Arvest Equipment Leasing; ARVEST HOLDINGS INC Arvest Mortgage Company; ARVEST HOLDINGS INC Ascension Capital Group, Inc.; ENCORE CAPITAL GROUP INC Asset Management Advisors, LLC; SUNTRUST BANKS INC Associated Bank, National Association; ASSOCIATED BANC-CORP Assurances Generales de France SA; ALLIANZ SE Astoria Capital Trust, Inc.; ASTORIA FINANCIAL CORP Astoria Federal Savings and Loan Association; ASTORIA FINANCIAL CORP Atlantic Bank of New York; NEW YORK COMMUNITY BANCORP INC Atlantic Liberty Financial Corp.; FLUSHING FINANCIAL CORP Atlantic Liberty Savings, F.A.; FLUSHING FINANCIAL CORP Atlantic States Bank; FIRST CITIZENS BANCSHARES INC Authorize.Net Holdings, Inc.; CYBERSOURCE CORP Automated Clearing House; AMEGY BANCORPORATION AutoPay Advantage; CITIFINANCIAL Avidyn Inc; FISERV INC AXA SIM; BANCA MONTE DEI PASCHI DI SIENA SPA B2B Trust; LAURENTIAN BANK OF CANADA B2Direct; HARLAND CLARKE Banca Agricola Mantovana; BANCA MONTE DEI PASCHI DI SIENA SPA Banca Agricola Mantovana SpA; BANCA MONTE DEI PASCHI DI SIENA SPA
Banca Antonveneta; BANCA MONTE DEI PASCHI DI SIENA SPA Banca del Monte di Parma SpA; BANCA MONTE DEI PASCHI DI SIENA SPA Banca Fideraum; INTESA SANPAOLO SPA Banca Intesa S.p.A.; INTESA SANPAOLO SPA Banca Monte dei Paschi di Siena; INTESA SANPAOLO SPA Banca Popolare di Spoleto SpA; BANCA MONTE DEI PASCHI DI SIENA SPA Banca Toscana; BANCA MONTE DEI PASCHI DI SIENA SPA Bancassurance; INDUSTRIAL BANK OF KOREA Banc-Corp InterNotes; ASSOCIATED BANC-CORP BancIntelligence.com, Inc.; FISERV INC Bancnorth Investment Group; TD BANK NA Banco Bilbao Vizcaya Argentaria SA; COMPASS BANCSHARES INC Banco de Andalucia; BANCO POPULAR ESPANOL SA Banco de Castilla; BANCO POPULAR ESPANOL SA Banco de Credit Balear; BANCO POPULAR ESPANOL SA Banco de Galicia; BANCO POPULAR ESPANOL SA Banco de Vasconia; BANCO POPULAR ESPANOL SA Banco do Estado de Sao Paulo; BANCO SANTANDER CENTRAL HISPANO SA Banco Halifax Hispania; HBOS PLC Banco Inferfin; BANK OF NOVA SCOTIA (SCOTIABANK) Banco Popular de Puerto Rico; POPULAR INC Banco Popular France; BANCO POPULAR ESPANOL SA Banco Popular North America; POPULAR INC Banco Popular Portugal; BANCO POPULAR ESPANOL SA Banco Rio de la Plata; BANCO SANTANDER CENTRAL HISPANO SA Banco Santander; SOVEREIGN BANCORP INC Banco Santander Central Hispano S.A.; ABBEY NATIONAL PLC Banco Santander Central Hispano SA; ING GROUP (ING GROEP NV) Banco Santander Central Hispano SA; ALLIANCE & LEICESTER Banco Santander Puerto Rico; SANTANDER BANCORP Banco Santander, S.A.; SANTANDER BANCORP Banco Santander-Chile; BANCO SANTANDER CENTRAL HISPANO SA Bancopopular-e; BANCO POPULAR ESPANOL SA Bancorp Hawaii Capital Trust, Inc.; BANK OF HAWAII CORP BancorpSouth Bank; BANCORPSOUTH INC BancorpSouth Insurance Services, Inc.; BANCORPSOUTH INC
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. BancorpSouth Investment Services, Inc.; BANCORPSOUTH INC BancWest Corporation; BANK OF THE WEST INC Bancwest Corporation; BNP PARIBAS Bank & Trust Co.; NATIONAL PENN BANCSHARES INC Bank Austria; HYPO VEREINSBANK AG (HVB GROUP) Bank Calumet, Inc.; FIRST MIDWEST BANCORP INC Bank of Albuquerque; BOK FINANCIAL CORP Bank of America Corp; COUNTRYWIDE FINANCIAL CORPORATION Bank of America Corp.; RECONTRUST COMPANY Bank of Arizona; BOK FINANCIAL CORP Bank of Arkansas; BOK FINANCIAL CORP Bank of Hawaii; BANK OF HAWAII CORP Bank of Hawaii International, Inc.; BANK OF HAWAII CORP Bank of Ireland Asset Management, Ltd.; BANK OF IRELAND Bank of Ireland Finance; BANK OF IRELAND Bank of Ireland Mortgage Bank; BANK OF IRELAND Bank of Ireland Private Banking; BANK OF IRELAND Bank of Kansas City; BOK FINANCIAL CORP Bank of Mississippi; BANCORPSOUTH INC Bank of New York; JP MORGAN CHASE & CO INC Bank of New York Co., Inc. (The); BANK OF NEW YORK MELLON CORP Bank of New Zealand; NATIONAL AUSTRALIA BANK LTD Bank of Oklahoma; BOK FINANCIAL CORP Bank of Scotland (Ireland); HBOS PLC Bank of Texas; BOK FINANCIAL CORP Bank of the West; BANCWEST CORPORATION Bank of Tokyo-Mitsubishi UFJ; MITSUBISHI UFJ FINANCIAL GROUP (MUFJ) Bank of Tokyo-Mitsubishi UFJ, Ltd. (The); UNIONBANCAL CORPORATION Bank of Walnut Creek; FIRST REPUBLIC BANK Bank Republic; SOCIETE GENERALE GROUP Bank Zachnodni WBK S.A.; ALLIED IRISH BANKS PLC BankAtlantic Bancorp, Inc.; BFC FINANCIAL CORPORATION Bankoh Investment Services, Inc.; BANK OF HAWAII CORP Bankrate; LENDINGTREE LLC Bankrate.com; BANKRATE INC Bankrateselect.com; BANKRATE INC BankUnited, FSB; BANKUNITED FINANCIAL CORP Banque de Bretagne; BNP PARIBAS Barclay Capital; BARCLAYS PLC Barclay Global Investors NA; BARCLAYS PLC Barclaycard; BARCLAYS PLC Barclaycard US; BARCLAYS BANK DELAWARE
Barclays Art Council; BARCLAYS PLC Barclays Bank Delaware; BARCLAYS PLC Barclays plc; BARCLAYS BANK DELAWARE Barclays US Credit Card Operations; BARCLAYS BANK DELAWARE Barnett Banks, Inc.; BANK OF AMERICA CORP Barrington Associates; WELLS FARGO & CO Bay Isle Private Client Asset Management; FIRST REPUBLIC BANK Bay View Acceptance Corp.; AMERICREDIT CORP BB&T Insurance Services, Inc.; BB&T CORP BBVA Bancomer; BBVA (BANCO BILBAO VIZCAYA ARGENTARIA) Bear Stearns Cos Inc (The); JP MORGAN CHASE & CO INC Beardsley, Brown and Basset; PEOPLE'S UNITED BANK Benefit Plans Administrative Services, Inc.; COMMUNITY BANK SYSTEM Benihana, Inc.; BFC FINANCIAL CORPORATION Berliner Bank; DEUTSCHE BANK AG Berliner Bank AG & Co. KG; DEUTSCHE BANK AG BidPay.com; CYBERSOURCE CORP Bingham Legg Advisers LLC; WILMINGTON TRUST CORP BlackRock, Inc.; PNC FINANCIAL SERVICES GROUP INC Blank Check Auto Loan; CAPITAL ONE AUTO FINANCE INC Bluegreen Corporation; BFC FINANCIAL CORPORATION Bluestem Holdings, LLC; COMPUCREDIT CORPORATION BMO Bank of Montreal; BANK OF MONTREAL (BMO) BMO Capital Markets; BANK OF MONTREAL (BMO) BMO InvestorLine; BANK OF MONTREAL (BMO) BMO Nesbitt Burns; BANK OF MONTREAL (BMO) BNL Banca Commerciale; BNP PARIBAS BNP Paribas; BANK OF THE WEST INC BNP Paribas; BANCWEST CORPORATION BNP Paribas Factor; BNP PARIBAS BNY Mellon Asset Servicing B.V.; BANK OF NEW YORK MELLON CORP BNY Mellon Shareowner Services; BANK OF NEW YORK MELLON CORP BNY Overlay Associates; BANK OF NEW YORK MELLON CORP BOC Hong Kong; BANK OF CHINA (BOC) BOC International; BANK OF CHINA (BOC) BOCG Insurance; BANK OF CHINA (BOC) Boetger and Associates, Inc.; NORTHWEST BANCORP INC Boston Service Company Inc; SUSQUEHANNA BANCSHARES INC
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. Bottrell Insurance Agency, Inc.; TRUSTMARK CORPORATION Bowditch Insurance Corporation; SOUTH FINANCIAL GROUP (THE) Branch Banking and Trust Company, Inc.; BB&T CORP Braun Consulting, Inc.; FAIR ISAAC CORPORATION Brintech, Inc.; UNITED COMMUNITY BANKS INC Build Transfer Lease; INDUSTRIAL BANK OF KOREA Business Development Bank Ltd; UCBH HOLDINGS INC Business Property; GE REAL ESTATE CAFO, Inc.; BB&T CORP cahoot; ABBEY NATIONAL PLC Caisse Centrale de Reescompte SA; COMMERZBANK AG CalDirect; RESIDENTIAL CAPITAL LLC (RESCAP) California Bank & Trust; ZIONS BANCORP California Canton International Bank Ltd; UCBH HOLDINGS INC California Investment Directions, Inc.; ANCHOR BANCORP WISCONSIN CALiPER3.0; CHECKFREE CORP Calyon Financial; CREDIT AGRICOLE SA Camelot Group; DE LA RUE PLC Capital Investment Counsel, Inc.; COMPASS BANCSHARES INC Capital IQ; STANDARD & POORS (S&P) Capital One Auto Finance Inc.; CAPITAL ONE FINANCIAL CORP Capital One Bank; CAPITAL ONE FINANCIAL CORP Capital One F.S.B.; CAPITAL ONE FINANCIAL CORP Capital One Financial Corp; CAPITAL ONE AUTO FINANCE INC Capital One Financial Corp; ONYX ACCEPTANCE CORP Capital One NA; CAPITAL ONE FINANCIAL CORP Capital One Services, Inc.; CAPITAL ONE FINANCIAL CORP Capital One Southcoast, Inc.; CAPITAL ONE NA Capital regional et cooperatif Desjardins; DESJARDINS GROUP Capitalia S.p.A.; UNICREDIT SPA (UNICREDIT GROUP) Capitol Federal Savings Bank; CAPITOL FEDERAL FINANCIAL Capitol One Financial Corp; CAPITAL ONE NA Capmark Investments LP; CAPMARK FINANCIAL GROUP INC CapMx; SVB FINANCIAL GROUP Cardif Pinnacle; BNP PARIBAS CardSync Processing Services; IPAYMENT INC Carolina First Bank; SOUTH FINANCIAL GROUP (THE)
Carolina First Community Development Corporation; SOUTH FINANCIAL GROUP (THE) Cash & Save; UNIONBANCAL CORPORATION CASH ‘TIL PAYDAY; DOLLAR FINANCIAL CORP CashONE; INDUSTRIAL BANK OF KOREA CASHplus; FUNDTECH LTD Cassa di Risparmio di Firenze S.p.A.; INTESA SANPAOLO SPA Cater Allen Private Bank; ABBEY NATIONAL PLC C-BASS; MGIC INVESTMENT CORP CBEX Solutions, Inc.; EXPERIAN PLC CBG Investments, Inc.; COLONIAL BANCGROUP INC CCO Investment Services Corp.; CITIZENS FINANCIAL GROUP INC CCS Financial Services, Inc.; DOLLAR FINANCIAL CORP Center Capital Corporation; WEBSTER FINANCIAL CORP Centerline Capital Group; CENTERLINE HOLDING COMPANY Centex Corporation; CTX MORTGAGE COMPANY LLC Centex Homes; CTX MORTGAGE COMPANY LLC Central Bank of the South; COMPASS BANCSHARES INC Central Life Insurance Co.; OLD NATIONAL BANCORP Central Mortgage Company; ARVEST HOLDINGS INC Century Credit Life Insurance Company; BANCORPSOUTH INC Century National Bank; PARK NATIONAL CORP CERA Bank; KBC GROUP NV Cerberus Capital Management; RESIDENTIAL CAPITAL LLC (RESCAP) Cerberus Capital Management LP; GREEN TREE SERVICING LLC Cerberus Capital Management LP; CHRYSLER FINANCIAL SERVICES LLC Cerberus Capital Management LP; GMAC FINANCIAL SERVICES Ceridian Corp; COMDATA CORP CertnFunds; ONLINE RESOURCES CORP CFC Financial Services, Inc.; CHEMICAL FINANCIAL CORPORATION CFC Investment Centers; CHEMICAL FINANCIAL CORPORATION CFC Title Services, Inc.; CHEMICAL FINANCIAL CORPORATION CFSI Closeout Corp.; COMMUNITY BANK SYSTEM CharterMac; CENTERLINE HOLDING COMPANY Check ‘n Go; CNG FINANCIAL CORP CheckFree APL; CHECKFREE CORP CheckFree Compliance Solutions; CHECKFREE CORP CheckFree Corp; CORILLIAN CORP
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. CheckFree Corp.; FISERV INC Checks In The Mail; HARLAND CLARKE Checks Unlimited; DELUXE CORP Checks.com; DELUXE CORP ChecksUnlimited.com; DELUXE CORP CheetahMail; EXPERIAN AMERICAS CheetahMail, Inc.; EXPERIAN PLC Cheltenham & Gloucester plc; LLOYDS TSB GROUP PLC Chemical Bank; CHEMICAL FINANCIAL CORPORATION Cherokee Insurance Company; SUNTRUST MORTGAGES INC ChexSystems QualiFile; EFD EFUNDS CORPORATION China Construction Bank; CHINA CONSTRUCTION BANK (CCB) China Construction Bank; BANK OF AMERICA CORP China Life Insurance Company; GUANGDONG DEVELOPMENT BANK CO LTD Chinese American Bank; UCBH HOLDINGS INC Chongqing Dazu HSBC Rural Bank Company Limited; HSBC HOLDINGS PLC Chrysler Holding LLC; CHRYSLER FINANCIAL SERVICES LLC Chrysler LLC; CHRYSLER FINANCIAL SERVICES LLC Churchill; ROYAL BANK OF SCOTLAND GROUP PLC (THE, RBS) CIBC Retail Markets; CANADIAN IMPERIAL BANK OF COMMERCE CIBC Wealth Management; CANADIAN IMPERIAL BANK OF COMMERCE CIBC World Markets; CANADIAN IMPERIAL BANK OF COMMERCE Cirrus; MASTERCARD INC Citi Identity; CITIFINANCIAL CitiAssist; STUDENT LOAN CORP Citibank; CITIGROUP INC Citibank, N.A.; STUDENT LOAN CORP Citic Trust & Investment; GUANGDONG DEVELOPMENT BANK CO LTD Citigroup Global Walkth Management; CITIGROUP INC Citigroup Inc; CITIFINANCIAL Citigroup Inc; GUANGDONG DEVELOPMENT BANK CO LTD Citigroup Inc; STUDENT LOAN CORP Citigroup, Inc.; CITIMORTGAGE INC CitiMortgage; CITIGROUP INC CitiStreet LLC; ING GROUP (ING GROEP NV) Citizens Auto Finance; CITIZENS FINANCIAL GROUP INC Citizens Bank; CITIZENS REPUBLIC BANCORP INC Citizens Bank; CITIZENS FINANCIAL GROUP INC
Citizens Bank Wealth Management, N.A.; CITIZENS REPUBLIC BANCORP INC Citizens Banking Corporation; CITIZENS REPUBLIC BANCORP INC Citizens Financial Group; ROYAL BANK OF SCOTLAND GROUP PLC (THE, RBS) Citizens National Bank of Cheboygan; CNB CORPORATION Citizens National Bank of Urbana; PARK NATIONAL CORP City National Bank; CITY NATIONAL CORPORATION City National Investments; CITY NATIONAL CORPORATION CityMortgage Bank; MORGAN STANLEY Clarke American; HARLAND CLARKE Clarke American Corp; HARLAND CLARKE Clydesdale Bank; NATIONAL AUSTRALIA BANK LTD CMG Mortgage Insurance Company; PMI GROUP INC (THE) CNB Mortgage; CNB CORPORATION CNBF Capital Trust I; NBT BANCORP INC CNI Charter Funds; CITY NATIONAL CORPORATION Coastal Financial Corporation; BB&T CORP Collateral Real Estate Capital LLC; BB&T CORP College Access Network; NELNET INC Colonial Asset Management, Inc.; COLONIAL BANCGROUP INC Colonial BancGroup Building Corp.; COLONIAL BANCGROUP INC Colonial Bank; COLONIAL BANCGROUP INC Colonial Brokerage, Inc.; COLONIAL BANCGROUP INC Colonial First State; COMMONWEALTH BANK OF AUSTRALIA Colonial Insurance; COMMONWEALTH BANK OF AUSTRALIA Colorado State Bank and Trust; BOK FINANCIAL CORP Columbia Bancorp; FULTON FINANCIAL CORP Columbia Bank (The); FULTON FINANCIAL CORP Columbia Home Loans, LLC; OCEANFIRST FINANCIAL CORP Columbus Depot Equipment Company; TOTAL SYSTEM SERVICES INC (TSYS) Columbus Productions; TOTAL SYSTEM SERVICES INC (TSYS) COM Bayerische Hypo und Vereinsbank AG (HVB); UNICREDIT SPA (UNICREDIT GROUP) Comdata International Retail; COMDATA CORP Comerica Bank; COMERICA INC Commerce Bancorp Inc; TD BANK NA
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. Commerce Bank of Washington; ZIONS BANCORP Commerce Bank, N.A.; COMMERCE BANCSHARES INC Commerz (East Asia) Ltd Hong Kong; COMMERZBANK AG Commerzbank AG; DRESDNER BANK AG Commerzbank AG; ALLIANZ SE Commerzbank Telephone Banking; COMMERZBANK AG CommInsure; COMMONWEALTH BANK OF AUSTRALIA Commonwealth Investment Management; COMMONWEALTH BANK OF AUSTRALIA CommSec; COMMONWEALTH BANK OF AUSTRALIA Community Bank, N.A.; COMMUNITY BANK SYSTEM Community Banker Services Corporation; WESTAMERICA BANCORPORATION Compass Bancshares, Inc.; BBVA (BANCO BILBAO VIZCAYA ARGENTARIA) Compass Bank; COMPASS BANCSHARES INC Compass Brokerage, Inc.; COMPASS BANCSHARES INC Compass Financial Corp.; COMPASS BANCSHARES INC Compass Insurance Agency; COMPASS BANCSHARES INC Compustat; STANDARD & POORS (S&P) Consumer Auto Receivables; COMPUCREDIT CORPORATION Continental Capital Corp.; R&G FINANCIAL CORP Contractor’s Insurance Services, Inc.; BANK OF THE WEST INC Convergent Capital Management LLC; CITY NATIONAL CORPORATION Core Communities, LLC; BFC FINANCIAL CORPORATION Corillian Corporation; CHECKFREE CORP Corillian Voyager; CORILLIAN CORP Corporacion Interfin; BANK OF NOVA SCOTIA (SCOTIABANK) Corporate Business Center; INDUSTRIAL BANK OF KOREA Cortal Consors SA; BNP PARIBAS Corus Bank, N.A.; CORUS BANKSHARES INC Countrywide Bank FSB; RECONTRUST COMPANY Countrywide Financial Corp; BANK OF AMERICA CORP Court Square Leasing; PROVIDENT BANKSHARES CORP Coutts Group; ROYAL BANK OF SCOTLAND GROUP PLC (THE, RBS) Crabtree Capital Corporation; WINTRUST FINANCIAL CORP
Creative Financial Group, Ltd.; SYNOVUS FINANCIAL CORP Credigy, Ltd; NATIONAL BANK OF CANADA Credit Agricole Asset Management; CREDIT AGRICOLE SA Credit Agricole, S.A.; CREDIT AGRICOLE SA Credit Communal de Belgique; DEXIA GROUP Credit du Nord; SOCIETE GENERALE GROUP Credit Local de France; DEXIA GROUP Credit Migration Solutions; EXPERIAN AMERICAS Credit Report C.A.; EQUIFAX INC Credit Suisse; CREDIT SUISSE GROUP Credit Watch Gold 3-in-1 Monitoring; EQUIFAX INC Credit Watch Silver; EQUIFAX INC Credit-Based Asset Srvcing and Securitization LLC; MGIC INVESTMENT CORP CRISIL Limited; EQUIFAX INC Cube Financial; SOCIETE GENERALE GROUP Cullen/Frost Capital Trust I; CULLEN/FROST BANKERS INC Cullen/Frost Capital Trust II; CULLEN/FROST BANKERS INC Currenex; STATE STREET CORP CyberSource Advanced; CYBERSOURCE CORP CyberSource Essentials; CYBERSOURCE CORP CyberSource Global Acquiring; CYBERSOURCE CORP CyberSource Payment Manager; CYBERSOURCE CORP CyberSource Professional Services; CYBERSOURCE CORP CyberSource Risk Management Solutions; CYBERSOURCE CORP D&B; DUN & BRADSTREET CORP (THE, D&B) D&B Predictive Sciences and Analytics Private Ltd.; TRANSUNION LLC D&B TransUnion Analytic and Decision Centre; TRANSUNION LLC Daikyo Realdo Inc.; SONY FINANCIAL HOLDINGS INC Daimler AG; MERCEDES-BENZ CREDIT CORPORATION Daimler Financial Services; MERCEDES-BENZ CREDIT CORPORATION Daltex General Agency, Inc.; CULLEN/FROST BANKERS INC Danica Pension; DANSKE BANK AKTIESELSKAB Danske Bank; DANSKE BANK AKTIESELSKAB Danske Bank Sweden Branch; DANSKE BANK AKTIESELSKAB Danske Ejendomme; DANSKE BANK AKTIESELSKAB Danske Netbank; DANSKE BANK AKTIESELSKAB Davsha, LLC; ANCHOR BANCORP WISCONSIN
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. DDS Dresdner Direktservice GmbH; DRESDNER BANK AG DebitBureau; EFD EFUNDS CORPORATION Decision One Mortgage; HSBC NORTH AMERICA HOLDINGS INC DenizBank Financial Services Group; DEXIA GROUP DEPFA Bank plc; HYPO REAL ESTATE HOLDING AG (HYPO BANK) DEPFA Deutsche Pfandbriefbank AG; HYPO REAL ESTATE HOLDING AG (HYPO BANK) Desert Community Bank; EAST WEST BANCORP INC Designer Checks; DELUXE CORP Desjardins Asset Management; DESJARDINS GROUP Desjardins Bank; DESJARDINS GROUP Desjardins Credit Union; DESJARDINS GROUP Desjardins General Insurance Group; DESJARDINS GROUP Desjardins Securities; DESJARDINS GROUP Desjardins Venture Capital; DESJARDINS GROUP Desktop Underwriter; FANNIE MAE Deutsche Bank (Peru) S.A.; DEUTSCHE BANK AG Deutsche Far Eastern Asset Management Company Ltd.; DEUTSCHE BANK AG Deutsche Post World Net; DEUTSCHE POST AG Deutsche Postbank; DEUTSCHE POST AG Dexia Asset Management; DEXIA GROUP Dexia Insurance & Pension Services; DEXIA GROUP DHL Worldwide Network SA/NV; DEUTSCHE POST AG Diebold 450 ATM; DIEBOLD INC Diebold Elections Systems, Inc.; DIEBOLD INC Diebold International; DIEBOLD INC Diebold North America; DIEBOLD INC Digital Insight Corp.; INTUIT INC Diners Club International; DISCOVER FINANCIAL SERVICES INC Direct Line; ROYAL BANK OF SCOTLAND GROUP PLC (THE, RBS) DirectTeller Systems Inc; FIRST FRANKLIN CORP Discover Bank; DISCOVER FINANCIAL SERVICES INC Discover Card; DISCOVER FINANCIAL SERVICES INC Discover Financial Services; MORGAN STANLEY Discover Miles Card; DISCOVER FINANCIAL SERVICES INC Discover More Card; DISCOVER FINANCIAL SERVICES INC Discover Motiva Card; DISCOVER FINANCIAL SERVICES INC Discover Open Road Card; DISCOVER FINANCIAL SERVICES INC ditech.com; RESIDENTIAL CAPITAL LLC (RESCAP) ditechatwork.com; DITECH.COM
Diversified Builder Services, Inc.; PFF BANCORP INC DolEx; GLOBAL PAYMENTS INC Doral Bank PR; DORAL FINANCIAL CORP Doral Insurance Agency; DORAL FINANCIAL CORP Doral Mortgage LLC; DORAL FINANCIAL CORP Doral Securities; DORAL FINANCIAL CORP Douglas Insurance Agency, Inc.; FLAGSTAR BANCORP INC Downey Affiliated Insurance Agency; DOWNEY FINANCIAL CORP Downey Savings & Loan Association; DOWNEY FINANCIAL CORP Dresdner Bank (Switzerland), Ltd.; DRESDNER BANK AG Dresdner Bank AG; COMMERZBANK AG Dresdner Bank Luxembourg; DRESDNER BANK AG Dresdner Kleinwort; DRESDNER BANK AG DSL Service Company; DOWNEY FINANCIAL CORP DST International Output; DST SYSTEMS INC DST Output; DST SYSTEMS INC DST Output Canada; DST SYSTEMS INC Dundee REIT; GE REAL ESTATE D-U-N-S Number System; DUN & BRADSTREET CORP (THE, D&B) DUNSRight; DUN & BRADSTREET CORP (THE, D&B) E*Trade; BANK OF NOVA SCOTIA (SCOTIABANK) E*TRADE Bank; E*TRADE FINANCIAL CORPORATION E*TRADE Consumer Finance Corporation; E*TRADE FINANCIAL CORPORATION E*TRADE Mortgage Corporation; E*TRADE FINANCIAL CORPORATION E*TRADE Securities; E*TRADE FINANCIAL CORPORATION Eagle Home Mortgage; UNIVERSAL AMERICAN MORTGAGE LLC Eagle National Bank; UNITED COMMUNITY BANKS INC East West Bank; EAST WEST BANCORP INC East West Insurance Services, Inc.; EAST WEST BANCORP INC e-Bankoh; BANK OF HAWAII CORP eBay Inc; PAYPAL INC ebt EDGE System; EFD EFUNDS CORPORATION E-Business Solutions; DUN & BRADSTREET CORP (THE, D&B) e-CBS; INDUSTRIAL BANK OF KOREA E-Commerce Exchange, Inc.; IPAYMENT INC eFunds Corporation; EFD EFUNDS CORPORATION Egg Banking PLC; CITIGROUP INC Elan; US BANCORP Elavon Information Systems; US BANCORP Electronic Data Interchange Service; AMEGY BANCORPORATION
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. Elite Club; INDUSTRIAL & COMMERCIAL BANK OF CHINA (ICBC) E-LOAN; POPULAR INC eMagic.com LLC; MGIC INVESTMENT CORP Embarcadero Holdings, LLC; COMPUCREDIT CORPORATION e-MITS; INDYMAC FEDERAL BANK Enterprise; S1 CORPORATION eONE Global, LP; FIRST DATA CORP ePartner Network; ONYX ACCEPTANCE CORP EPIC Advisors, Inc.; NBT BANCORP INC eProsper, Inc.; SVB FINANCIAL GROUP Epsilon; ALLIANCE DATA SYSTEMS CORPORATION Equifax 3-in-1 Credit Report; EQUIFAX INC Equity Access; MERRILL LYNCH CREDIT CORPORATION e-Route; CHINA CONSTRUCTION BANK (CCB) ES&L Bancorp, Inc.; COMMUNITY BANK SYSTEM Esanda; AUSTRALIA AND NEW ZEALAND BANKING GROUP eSmartloan; CAPITAL ONE FINANCIAL CORP Espresso Bank-Cafe; LAURENTIAN BANK OF CANADA Essen Hyp.; COMMERZBANK AG Essex Credit Corporation; BANK OF THE WEST INC eU Xpress; TRIAD GUARANTY INC Eurizon Capital; INTESA SANPAOLO SPA euroConex; US BANCORP Euronet Essentis Limited; EURONET WORLDWIDE INC Euronet Payments & Remittance Inc; EURONET WORLDWIDE INC European Credit Management Ltd.; WACHOVIA CORP EVERTEC; POPULAR INC Experian Americas; EXPERIAN PLC Experian Group; EXPERIAN AMERICAS Experian Holdings, Ltd.; EXPERIAN PLC Experian Information Solutions, Inc.; EXPERIAN AMERICAS Experian North America, Inc.; EXPERIAN PLC EXPRESS; DEUTSCHE POST AG Expresso of Westernbank; W HOLDING COMPANY INC EzyBanking; COMMONWEALTH BANK OF AUSTRALIA F&M Bank; CITIZENS REPUBLIC BANCORP INC F.N.B. Investment Advisors, Inc.; FNB CORP FACTS Management Co.; NELNET INC Fair, Isaac & Company, Inc.; FAIR ISAAC CORPORATION Fairbanco Holding Company, Inc.; UNITED COMMUNITY BANKS INC Far Eastern Bank; UNITED OVERSEAS BANK LTD
Farmer Mac I; FEDERAL AGRICULTURAL MORTGAGE CORP (FARMER MAC) Farmer Mac II; FEDERAL AGRICULTURAL MORTGAGE CORP (FARMER MAC) Farrington American Express Travel Services Ltd.; AMERICAN EXPRESS CO FCIG Group; PMI GROUP INC (THE) Federal Home Loan Mortgage Corp.; FREDDIE MAC Federal National Mortgage Association; FANNIE MAE Feedisclosure.com; BANKRATE INC FFEL Program; NELNET INC FFLC Bancorp, Inc.; COLONIAL BANCGROUP INC FICO Score Simulator; FAIR ISAAC CORPORATION Fieldstone Investment Corporation; MGIC INVESTMENT CORP FIM Holdings LLC; RESIDENTIAL CAPITAL LLC (RESCAP) Fimat; SOCIETE GENERALE GROUP FINANCE; DEUTSCHE POST AG Finance, Inc.; POPULAR INC FinanceWorks; DIGITAL INSIGHT CORP Financial Freedom Holdings, Inc.; INDYMAC FEDERAL BANK Finanzia/Uno-e; BBVA (BANCO BILBAO VIZCAYA ARGENTARIA) First Bank of San Luis Obispo; PACIFIC CAPITAL BANCORP First Bank of the South; UNITED COMMUNITY BANKS INC First Bank Overseas Corp.; FIRST BANCORP First Central Bank; EAST WEST BANCORP INC First Charter Corporation (FCTR); FIFTH THIRD BANCORP First Citizens Bancorp; BB&T CORP First Citizens Investor Services, Inc.; FIRST CITIZENS BANCSHARES INC First Class Financing; MERCEDES-BENZ CREDIT CORPORATION First Class Finish; MERCEDES-BENZ CREDIT CORPORATION First Class Lease; MERCEDES-BENZ CREDIT CORPORATION First Commonwealth Bank; FIRST COMMONWEALTH FINANCIAL CORP First Commonwealth Financial Advisors; FIRST COMMONWEALTH FINANCIAL CORP First Commonwealth Insurance; FIRST COMMONWEALTH FINANCIAL CORP First Commonwealth Professional Resources, Inc.; FIRST COMMONWEALTH FINANCIAL CORP First Commonwealth Systems Corporation; FIRST COMMONWEALTH FINANCIAL CORP First Commonwealth Trust Company; FIRST COMMONWEALTH FINANCIAL CORP
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. First Counties Bank; WESTAMERICA BANCORPORATION First Data Resources; FIRST DATA CORP First Federal Bank of California; FIRSTFED FINANCIAL CORP First Federal Capital Bank; ASSOCIATED BANCCORP First Financial (OH) Statutory Trust I; FIRST FINANCIAL BANCORP (OH) First Financial (OH) Statutory Trust II; FIRST FINANCIAL BANCORP (OH) First Financial Bank, National Association; FIRST FINANCIAL BANCORP (OH) First Financial Capital Advisors, LLC; FIRST FINANCIAL BANCORP (OH) First Hawaiian Bank; BANCWEST CORPORATION First Horizon Home Loan Corporation; FIRST HORIZON NATIONAL CORPORATION First Horizon National Corporation; US BANCORP First Indiana Corporation; MARSHALL & ILSLEY CORP First Insurance Funding Corporation; WINTRUST FINANCIAL CORP First Leasing; FIRST BANCORP First Liberty Bank and Trust; COMMUNITY BANK SYSTEM First Midwest Bank; FIRST MIDWEST BANCORP INC First Midwest Insurance Company; FIRST MIDWEST BANCORP INC First Morris Bank & Trust; PROVIDENT FINANCIAL SERVICES INC First National Bancshares, Inc.; WHITNEY HOLDING CORP First National Bank of Central California; PACIFIC CAPITAL BANCORP First National Bank of Pennsylvania; FNB CORP First National Insurance Agency LLC; FNB CORP First National Investment Services Company LLC; FNB CORP First National Processing, Inc.; IPAYMENT INC First National Trust Company; FNB CORP First Niagara Bank; FIRST NIAGARA FINANCIAL GROUP INC First Niagara Commercial Bank; FIRST NIAGARA FINANCIAL GROUP INC First Niagara Funding, Inc.; FIRST NIAGARA FINANCIAL GROUP INC First Niagara Leasing, Inc.; FIRST NIAGARA FINANCIAL GROUP INC First Niagara Portfolio Management, Inc.; FIRST NIAGARA FINANCIAL GROUP INC First Niagara Realty, Inc.; FIRST NIAGARA FINANCIAL GROUP INC
First Niagara Risk Management, Inc.; FIRST NIAGARA FINANCIAL GROUP INC First of Jermyn Realty Co.; COMMUNITY BANK SYSTEM First Republic Securities Company, LLC; FIRST REPUBLIC BANK First Republic Trust Company; FIRST REPUBLIC BANK First Signature Bank & Trust; FIRST REPUBLIC BANK First Tennessee Bank National Association; FIRST HORIZON NATIONAL CORPORATION First Trade, Inc.; FIRST BANCORP First Truck & Car Rental; FIRST BANCORP First Trust Bank; ALLIED IRISH BANKS PLC Firstar Bank; US BANCORP FirstBank; FIRST BANCORP FirstBank Insurance Agency, Inc.; FIRST BANCORP First-Citizens Bank & Trust Company; FIRST CITIZENS BANCSHARES INC First-Knox National Bank of Mount Vernon (The); PARK NATIONAL CORP FirstMerit Bank, N.A.; FIRSTMERIT CORPORATION FirstMerit Credit Services; FIRSTMERIT CORPORATION FirstMerit Insurance Agency, Inc.; FIRSTMERIT CORPORATION FirstMerit Insurance Group, Inc.; FIRSTMERIT CORPORATION FirstMerit Mortgage Corporation; FIRSTMERIT CORPORATION FirstMerit Securities, Inc.; FIRSTMERIT CORPORATION FirstService Bank; NATIONAL PENN BANCSHARES INC Fiserv, Inc.; CORILLIAN CORP Fiserv, Inc.; CHECKFREE CORP Fisher-Brown, Inc.; TRUSTMARK CORPORATION Five Mile Capital Partners, LLC; CAPMARK FINANCIAL GROUP INC Flagstar Bank; FLAGSTAR BANCORP INC Flagstar Commercial Corporation; FLAGSTAR BANCORP INC Flagstar Credit Corporation; FLAGSTAR BANCORP INC Flagstar Investment Group, Inc.; FLAGSTAR BANCORP INC Flagstar Title Insurance Agency, Inc.; FLAGSTAR BANCORP INC Flagstar Trust; FLAGSTAR BANCORP INC flagstar.com; FLAGSTAR BANCORP INC FleetBoston; BANK OF AMERICA CORP Fleming, Perry & Cox; WEBSTER FINANCIAL CORP Flexible First; MERRILL LYNCH CREDIT CORPORATION
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. Florida Bankshares, Inc.; NATIONAL CITY CORPORATION Flushing Commercial Bank; FLUSHING FINANCIAL CORP Flushing Preferred Funding Corporation; FLUSHING FINANCIAL CORP Flushing Savings Bank; FLUSHING FINANCIAL CORP Flushing Service Corporation; FLUSHING FINANCIAL CORP FMB Investment Corporation; FIRST MIDWEST BANCORP INC FMB Investment Trust; FIRST MIDWEST BANCORP INC Fokus Bank; DANSKE BANK AKTIESELSKAB Food & Wine; AMERICAN EXPRESS CO Ford Credit; FORD MOTOR CREDIT CO Ford Motor Co; FORD MOTOR CREDIT CO Fortis SA NV; BNP PARIBAS Franklin Savings & Loan Co (The); FIRST FRANKLIN CORP Fraud Sciences Ltd.; PAYPAL INC FraudFinder; EFD EFUNDS CORPORATION FraudShield; EFD EFUNDS CORPORATION Freshstart Venture Capital Corp.; MEDALLION FINANCIAL CORP Froley, Revy Investment Company; FIRST REPUBLIC BANK FrontPoint Partners; MORGAN STANLEY Frost Broker Services, Inc.; CULLEN/FROST BANKERS INC Frost Insurance Agency Inc; CULLEN/FROST BANKERS INC Frost National Bank (The); CULLEN/FROST BANKERS INC Frost Securities Inc; CULLEN/FROST BANKERS INC FSB Properties, Inc.; FLUSHING FINANCIAL CORP FSB Solutions; S1 CORPORATION FTN Financial; FIRST HORIZON NATIONAL CORPORATION FTN Financial Capital Markets; FIRST HORIZON NATIONAL CORPORATION Fulton Financial Corp; COLUMBIA BANK (THE) Fulton Mortgage Company; FULTON FINANCIAL CORP Garden State Community Bank; NEW YORK COMMUNITY BANCORP INC GB&T Bancshared, Inc.; SUNTRUST BANKS INC GE Aviation; GENERAL ELECTRIC CO (GE) GE Aviation Services; GE COMMERCIAL FINANCE GE Commercial Equipment Financing; GE COMMERCIAL FINANCE GE Commercial Finance; GENERAL ELECTRIC CO (GE)
GE Commercial Finance; GE HEALTHCARE FINANCIAL SERVICES GE Consumer Finance; GE MONEY GE Consumer Finance Co. Ltd.; SHINSEI BANK LIMITED GE Corporate Financial Services; GE COMMERCIAL FINANCE GE Equipment Services; GENERAL ELECTRIC CO (GE) GE European Equipment Finance; GE COMMERCIAL FINANCE GE Healthcare; GENERAL ELECTRIC CO (GE) GE Healthcare Financial Services; GE COMMERCIAL FINANCE GE Industrial; GENERAL ELECTRIC CO (GE) GE Infrastructure; GENERAL ELECTRIC CO (GE) GE Money; GENERAL ELECTRIC CO (GE) GE Real Estate; CAPMARK FINANCIAL GROUP INC GE Real Estate; GE COMMERCIAL FINANCE GE Vendor Financial Services; GE COMMERCIAL FINANCE General Electric Co; GE COMMERCIAL FINANCE General Electric Co (GE); GE MONEY General Electric Co (GE); GREEN TREE SERVICING LLC General Motors; RESIDENTIAL CAPITAL LLC (RESCAP) General Motors Acceptance Corporation; RESIDENTIAL CAPITAL LLC (RESCAP) getsmart.com; LENDINGTREE LLC Glen Rauch Securities, Inc.; VALLEY NATIONAL BANCORP Glencrest Investment Advisors, Inc.; PFF BANCORP INC Global Corporate and Investment Banking Group; CITIGROUP INC Global Payments Credit Services LLC; EQUIFAX INC Global Payments Europe; GLOBAL PAYMENTS INC Global Transaction Banking; BANK OF NOVA SCOTIA (SCOTIABANK) GLOBALT, Inc.; SYNOVUS FINANCIAL CORP GMAC Bank; GMAC FINANCIAL SERVICES GMAC Commercial Mortgage; CAPMARK FINANCIAL GROUP INC GMAC Insurance Holdings; GMAC FINANCIAL SERVICES GMAC Mortgage; GMAC FINANCIAL SERVICES GMAC Mortgage Corporation; DITECH.COM GMAC-CIS; GMAC FINANCIAL SERVICES gmacmortgage.com; RESIDENTIAL CAPITAL LLC (RESCAP) Gold Banc Corporation, Inc.; MARSHALL & ILSLEY CORP Golden West Financial Corp.; WACHOVIA CORP
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. Goldman Sachs Group Inc; CAPMARK FINANCIAL GROUP INC Goodbody; ALLIED IRISH BANKS PLC Governor & Co. of the Bank of Scotland; HBOS PLC Great Lakes Bancorp, Inc; FIRST NIAGARA FINANCIAL GROUP INC Great Northwest Corp.; NORTHWEST BANCORP INC Great Wall Card; BANK OF CHINA (BOC) Great Western Bancorporation; NATIONAL AUSTRALIA BANK LTD Great Western Bank; NATIONAL AUSTRALIA BANK LTD GreatBanc, Inc.; CITIZENS FINANCIAL GROUP INC GreenTree Insurance Agency, Inc.; GREEN TREE SERVICING LLC Griffin, Kubik, Stephens & Thompson Inc.; BANK OF MONTREAL (BMO) Grupo Financiero Santander Mexicano; BANCO SANTANDER CENTRAL HISPANO SA GSG, LLC; COMPUCREDIT CORPORATION Guggenheim Advisors; BANK OF IRELAND Guizhou University Long Card; CHINA CONSTRUCTION BANK (CCB) Gulfstar Group I, Ltd.; INTERNATIONAL BANCSHARES CORPORATION Hagerstown Trust Company; COLUMBIA BANK (THE) Halifax plc; HBOS PLC Hancock Bank (Mississippi); HANCOCK HOLDING COMPANY Hancock Bank of Alabama; HANCOCK HOLDING COMPANY Hancock Bank of Florida; HANCOCK HOLDING COMPANY Hancock Bank of Louisiana; HANCOCK HOLDING COMPANY Hancock Insurance Agency; HANCOCK HOLDING COMPANY Hancock Investment Services, Inc.; HANCOCK HOLDING COMPANY Hancock Mortgage Corporation; HANCOCK HOLDING COMPANY Handelsbanken Finans; SVENSKA HANDELSBANKEN AB Handelsbanken Liv; SVENSKA HANDELSBANKEN AB Hang Seng Bank (China) Ltd.; HANG SENG BANK LIMITED Hang Seng Insurance Company, Ltd.; HSBC HOLDINGS PLC Hang Seng Life, Ltd.; HSBC HOLDINGS PLC Harbridge Consulting Group LLC; COMMUNITY BANK SYSTEM Harland Financial Services; HARLAND CLARKE Harleysville National Bank; HARLEYSVILLE NATIONAL CORP
Harris Bankcorp Inc; BANK OF MONTREAL (BMO) Harrison Lovegrove & Co. Ltd.; STANDARD CHARTERED PLC Hathaway Agency, Inc.; NBT BANCORP INC HBOS; LLOYDS TSB GROUP PLC HBOS Group; HBOS PLC HBOS Insurance & Investment Group, Ltd.; HBOS PLC HC Value Broker Services, Inc.; HUDSON CITY BANCORP Hedgeworks, LLC; DEUTSCHE BANK AG Heidmar Group; MORGAN STANLEY Heritage Bank; US BANCORP Hibernia Corporation; CAPITAL ONE FINANCIAL CORP Hibernia National Bank; CAPITAL ONE NA Hinsdale Bank and Trust Company; WINTRUST FINANCIAL CORP Hitwise; EXPERIAN PLC HNC Financial Company; HARLEYSVILLE NATIONAL CORP HNC Reinsurance Company; HARLEYSVILLE NATIONAL CORP HomeTowne Heritage Bank; NATIONAL PENN BANCSHARES INC Hongkong & Shanghai Banking Corp. Ltd. (The); HANG SENG BANK LIMITED Honor Roll LLC; NELNET INC Hoover's Inc; DUN & BRADSTREET CORP (THE, D&B) Horizon Bank; HORIZON FINANCIAL CORP HPSC Inc; GE HEALTHCARE FINANCIAL SERVICES HSBC Asia Pacific Holdings (UK) Limited; HSBC HOLDINGS PLC HSBC Asset Management (Americas), Inc.; HSBC USA HSBC Asset Management (Americas), Inc.; HSBC NORTH AMERICA HOLDINGS INC HSBC Bank Canada; HSBC NORTH AMERICA HOLDINGS INC HSBC Bank USA; HSBC NORTH AMERICA HOLDINGS INC HSBC Bank USA, NA; HSBC USA HSBC Business Credit (USA), Inc.; HSBC USA HSBC Capital (Canada), Inc.; HSBC BANK CANADA HSBC Finance Corporation; HSBC NORTH AMERICA HOLDINGS INC HSBC Holdings plc; HANG SENG BANK LIMITED HSBC Holdings plc; HSBC NORTH AMERICA HOLDINGS INC HSBC Holdings PLC; HSBC USA HSBC Insurance Agency (Canada), Inc.; HSBC BANK CANADA HSBC Insurance Agency (USA), Inc.; HSBC USA HSBC Insurance Agency (USA), Inc.; HSBC NORTH AMERICA HOLDINGS INC
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. HSBC InvestDirect; HSBC BANK CANADA HSBC Investment (Canada) Limited; HSBC BANK CANADA HSBC Investment Funds (Canada), Inc.; HSBC BANK CANADA HSBC Life, Ltd.; HSBC HOLDINGS PLC HSBC MasterCard; HSBC BANK CANADA HSBC Mortgage Corporation (USA); HSBC USA HSBC Mortgage Corporation (USA); HSBC NORTH AMERICA HOLDINGS INC HSBC Securities (Canada), Inc.; HSBC BANK CANADA HSBC Securities (USA), Inc.; HSBC USA HSBC Trust Company (Canada), Inc.; HSBC BANK CANADA HudCiti Service Corporation; HUDSON CITY BANCORP Hudson City Savings Bank; HUDSON CITY BANCORP Hudson United Bancorp; TORONTO-DOMINION BANK (TD BANK) Huntington National Bank (The); HUNTINGTON BANCSHARES INC HVB Group; HYPO REAL ESTATE HOLDING AG (HYPO BANK) HVB Tiriac Bank; UNICREDIT SPA (UNICREDIT GROUP) Hypo Public Finance Bank; HYPO REAL ESTATE HOLDING AG (HYPO BANK) Hypo Real Estate Bank AG; HYPO REAL ESTATE HOLDING AG (HYPO BANK) Hypo Real Estate Bank International AG; HYPO REAL ESTATE HOLDING AG (HYPO BANK) Hypo Real Estate Group; HYPO REAL ESTATE HOLDING AG (HYPO BANK) IAC/InterActiveCorp; LENDINGTREE LLC IBC Brownsville; INTERNATIONAL BANCSHARES CORPORATION IBC Capital Corp.; INTERNATIONAL BANCSHARES CORPORATION IBC Commerce Bank; INTERNATIONAL BANCSHARES CORPORATION IBC Life Insurance Company; INTERNATIONAL BANCSHARES CORPORATION IBC Subsidiary Corp.; INTERNATIONAL BANCSHARES CORPORATION IBC Zapata; INTERNATIONAL BANCSHARES CORPORATION IBI Corporate Finance; BANK OF IRELAND IBK Industrial Complex Project Financing; INDUSTRIAL BANK OF KOREA ICICI Lombard General Insurance Company; ICICI BANK ICICI Prudential Life Insurance Company; ICICI BANK ICICI Securities; ICICI BANK
ICICI Venture Funds Management Company; ICICI BANK ICOMS; CONVERGYS CORPORATION ICS Building Society; BANK OF IRELAND ICT Insurance; REGIONS FINANCIAL CORP IdeaBlob.com; ADVANTA CORP IL&FS Investsmart Limited; HSBC HOLDINGS PLC IMH Assets Corp.; IMPAC MORTGAGE HOLDINGS INC iMobile; ICICI BANK Impac Funding Corporation; IMPAC MORTGAGE HOLDINGS INC Impac Secured Assets Corp.; IMPAC MORTGAGE HOLDINGS INC IMS Group; BNP PARIBAS Incapital LLC; ASSOCIATED BANC-CORP Incurrent; ONLINE RESOURCES CORP Independence Community Bank Corp; SOVEREIGN BANCORP INC Indiana Old National Insurance Co.; OLD NATIONAL BANCORP IndyMac Bank; INDYMAC FEDERAL BANK Infinys; CONVERGYS CORPORATION ING Americas; ING GROUP (ING GROEP NV) ING Clarion; ING AMERICAS ING Direct; ING GROUP (ING GROEP NV) ING Direct; ING AMERICAS ING Group; ING AMERICAS ING Investment Management Americas; ING AMERICAS ING U.S. Financial Services; ING AMERICAS Innovative Merchant Services; INTUIT INC Innovative Merchant Solutions; ELECTRONIC CLEARING HOUSE INC Inovant LLC; VISA INC Insta Cheque; DOLLAR FINANCIAL CORP Institutional Portal; GOLDMAN SACHS GROUP INC Insureme.com; BANKRATE INC Integrated Investment Services; JP MORGAN CHASE & CO INC InteliData Technologies Corp; CORILLIAN CORP Interac; BANK OF NOVA SCOTIA (SCOTIABANK) Interest.com; BANKRATE INC International Business Machines (IBM); GUANGDONG DEVELOPMENT BANK CO LTD Internet Transaction Solutions, Inc.; ONLINE RESOURCES CORP Inter-Tax, Inc.; COMDATA CORP Intesa Vita; INTESA SANPAOLO SPA Intuit Inc; DIGITAL INSIGHT CORP Intuit Inc; ELECTRONIC CLEARING HOUSE INC Intuit Real Estate Solutions; INTUIT INC Inverness Medical Innovations; GE HEALTHCARE FINANCIAL SERVICES
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. Investment Directions, Inc.; ANCHOR BANCORP WISCONSIN Investors Financial Services Corp.; STATE STREET CORP iOrder Food Service Kiosk; VERIFONE HOLDINGS INC iPayment of Maine; IPAYMENT INC iPayment Technologies, Inc.; IPAYMENT INC iPyament of California; IPAYMENT INC Iridian Asset Management; BANK OF IRELAND Iron and Glass Bancorp Inc; FNB CORP IronStone Bank; FIRST CITIZENS BANCSHARES INC Irwin Commercial Finance Corp; IRWIN FINANCIAL CORP Irwin Home Equity Corp; IRWIN FINANCIAL CORP Irwin Union Bank & Trust Company; IRWIN FINANCIAL CORP Irwin Union Bank F.S.B.; IRWIN FINANCIAL CORP Island Insurance Corporation; SANTANDER BANCORP Ito Yokado Co., Ltd.; SEVEN & I HOLDINGS CO LTD ITOCHU HOUSING Co.; SONY FINANCIAL HOLDINGS INC IWL Limited; COMMONWEALTH BANK OF AUSTRALIA J C Flowers & Co LLC; GREEN TREE SERVICING LLC J. Bush & Co.; WEBSTER FINANCIAL CORP J.P. Morgan Securities; JP MORGAN CHASE & CO INC Jabas Group, Inc.; ASSOCIATED BANC-CORP James Hay; ABBEY NATIONAL PLC Japan Research Institute, Ltd. (The); SUMITOMO MITSUI FINANCIAL GROUP (SMFG) Jefferson Capital Systems, LLC; COMPUCREDIT CORPORATION JLL Partners; ACE CASH EXPRESS INC John H Harland Company; HARLAND CLARKE JPMorgan Chase Vastera Inc; JP MORGAN CHASE & CO INC JPMorgan Partners; JP MORGAN CHASE & CO INC JRI Solutions, Ltd.; SUMITOMO MITSUI FINANCIAL GROUP (SMFG) JSB Orgresbank; NORDEA BANK AB JSC Pravex Bank; INTESA SANPAOLO SPA Juniper Financial Corporation; BARCLAYS PLC Jupiter International Group plc; COMMERZBANK AG K&H Bank; KBC GROUP NV K.K. York Insurance; SEVEN & I HOLDINGS CO LTD KB Asset Management; KOOKMIN BANK KB Credit Information; KOOKMIN BANK KB Life Insurance; KOOKMIN BANK KB Real Estate Trust; KOOKMIN BANK KBC Asset Management NV; KBC GROUP NV KBC Bank NV; KBC GROUP NV
KBC Insurance NV; KBC GROUP NV Kerman State Bank; WESTAMERICA BANCORPORATION Key Merchant Services LLC; KEYCORP Kins Credit Card; AGRICULTURAL BANK OF CHINA KKR & Co LP (Kohlberg Kravis Roberts & Co); CAPMARK FINANCIAL GROUP INC KNBT Bancorp, Inc.; NATIONAL PENN BANCSHARES INC Kocbank; UNICREDIT SPA (UNICREDIT GROUP) Kohlberg Kravis Roberts & Co.; FIRST DATA CORP Korea Exchange Bank; HSBC HOLDINGS PLC Koss Olinger; SOUTH FINANCIAL GROUP (THE) Kredietbank; KBC GROUP NV La Compagnie Financiere Edmond de Rothschild; BANK OF CHINA (BOC) Lake Forest Bank and Trust Company; WINTRUST FINANCIAL CORP LaSalle Bank Corp; BANK OF AMERICA CORP LaSalle Systems Leasing, Inc.; MB FINANCIAL INC Laurentian Trust; LAURENTIAN BANK OF CANADA LBC Financial Services; LAURENTIAN BANK OF CANADA LBC Trust; LAURENTIAN BANK OF CANADA LBCDirect; LAURENTIAN BANK OF CANADA LCL Credit Lyonnais; CREDIT AGRICOLE SA Lebanon Valley Farmers Bank; FULTON FINANCIAL CORP Legal eXchange; BOTTOMLINE TECHNOLOGIES INC LendingTree Loans; LENDINGTREE LLC Lennar Corp.; UNIVERSAL AMERICAN MORTGAGE LLC Lennar Family of Builders & Financial Services; UNIVERSAL AMERICAN MORTGAGE LLC Levitt & Sons, LLC; BFC FINANCIAL CORPORATION Levitt Commercial, LLC; BFC FINANCIAL CORPORATION Levitt Corporation; BFC FINANCIAL CORPORATION Lex Vehicle Leasing; HBOS PLC Lexus Financial Services; TOYOTA MOTOR CREDIT CORP Liberty National Bancshares, Inc.; UNITED COMMUNITY BANKS INC Libertyville Bank and Trust Company; WINTRUST FINANCIAL CORP LifeWorks; FIRST HORIZON NATIONAL CORPORATION Lloyds TSB Bank; LLOYDS TSB GROUP PLC Lloyds TSB Group.; HBOS PLC Lloyds TSB Scotland plc; LLOYDS TSB GROUP PLC Loan Mart; DOLLAR FINANCIAL CORP
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. LoanSTAR Funding Group, Inc.; NELNET INC LOGISTICS; DEUTSCHE POST AG Lombard; ROYAL BANK OF SCOTLAND GROUP PLC (THE, RBS) Long Beach Acceptance Corp.; AMERICREDIT CORP M&F Worldwide Corp; HARLAND CLARKE M&I Brokerage Services, Inc.; MARSHALL & ILSLEY CORP M&I Institutional Real Estate Group; MARSHALL & ILSLEY CORP M&I Investment Management Corp.; MARSHALL & ILSLEY CORP M&I Marshall & Ilsley Bank; MARSHALL & ILSLEY CORP M&I Mortgage Corp.; MARSHALL & ILSLEY CORP M&T Bank; M&T BANK CORP M&T Bank, National Association; M&T BANK CORP M&T Credit Services, LLC; M&T BANK CORP M&T Lease, LLC; M&T BANK CORP M&T Life Insurance Company; M&T BANK CORP M&T Realty Capital Corporation; M&T BANK CORP M&T Securities, Inc.; M&T BANK CORP Madison Service Corp; FIRST FRANKLIN CORP Maestro; MASTERCARD INC MAF Bancorp; NATIONAL CITY CORPORATION Maggiore Fleet S.p.A.; BBVA (BANCO BILBAO VIZCAYA ARGENTARIA) Magna Insurance Agency; HANCOCK HOLDING COMPANY MAIL; DEUTSCHE POST AG Main Street Banks Inc.; BB&T CORP Manufacturers and Traders Trust Company; M&T BANK CORP Marmon Group Inc (The); TRANSUNION LLC Marshall & Ilsey Corp; METAVANTE CORPORATION MasterCard; MASTERCARD INC MasterCard Electronic; MASTERCARD INC Masters Coverage Corp.; VALLEY NATIONAL BANCORP Mazda American Credit; FORD MOTOR CREDIT CO MB Finacial Center, LLC; MB FINANCIAL INC MB Financial Bank, N.A.; MB FINANCIAL INC MB Financial Community Development Corporation; MB FINANCIAL INC MBIA Asset Management LLC; MBIA INC MBIA Corp; MBIA INC MBIA Insurance Corp; MBIA INC MBIA MuniServices Co; MBIA INC MBNA Corp.; BANK OF AMERICA CORP McBee; DELUXE CORP McGraw Hill Cos Inc; STANDARD & POORS (S&P) Medallion Bank; MEDALLION FINANCIAL CORP Medallion Business Credit, LLC; MEDALLION FINANCIAL CORP
Medallion Capital, Inc.; MEDALLION FINANCIAL CORP Medallion Capital, Inc.; MEDALLION FINANCIAL CORP Medallion Funding Corp.; MEDALLION FINANCIAL CORP Mellon Financial Corp.; BANK OF NEW YORK MELLON CORP Mercantile Bank; SOUTH FINANCIAL GROUP (THE) Mercedes-Benz Financial Services Canada; MERCEDESBENZ CREDIT CORPORATION Mercedes-Benz Visa; MERCEDES-BENZ CREDIT CORPORATION Merchant Solutions; FIRST DATA CORP Merchants and Manufacturers Bancorporation, Inc.; BANK OF MONTREAL (BMO) Merchants New York Commercial Corp.; VALLEY NATIONAL BANCORP Merrill Lynch & Co Inc; MERRILL LYNCH CREDIT CORPORATION Merrill Lynch & Co.; BANK OF AMERICA CORP Metavante Corporation; MARSHALL & ILSLEY CORP Metavante Technologies, Inc.; METAVANTE CORPORATION MGIC Investor Services Corp.; MGIC INVESTMENT CORP MidFirst Bank; MIDLAND FINANCIAL CO MidFirst Investment Services; MIDLAND FINANCIAL CO MidFirst Trust Company; MIDLAND FINANCIAL CO Millennium Retailing, Inc.; SEVEN & I HOLDINGS CO LTD Millennium Wealth Management; HARLEYSVILLE NATIONAL CORP Minotola National Bank; SUSQUEHANNA BANCSHARES INC Mitsubishi Tokyo Financial Group; MITSUBISHI UFJ FINANCIAL GROUP (MUFJ) Mitsubishi UFJ Financial Group Inc; MORGAN STANLEY Mitsubishi UFJ Financial Group Inc (MUFJ); UNIONBANCAL CORPORATION Mitsubishi UFJ Securities; MITSUBISHI UFJ FINANCIAL GROUP (MUFJ) Mitsubishi UFJ Trust and Banking; MITSUBISHI UFJ FINANCIAL GROUP (MUFJ) Mizuho Bank, Ltd.; MIZUHO FINANCIAL GROUP INC Mizuho Capital Co., Ltd.; MIZUHO FINANCIAL GROUP INC Mizuho Corporate Bank, Ltd.; MIZUHO FINANCIAL GROUP INC Mizuho Holdings, Inc.; MIZUHO FINANCIAL GROUP INC
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. Mizuho Preferred Capital (Cayman) 2, Ltd.; MIZUHO FINANCIAL GROUP INC Mizuho Securities Co., Ltd.; MIZUHO FINANCIAL GROUP INC Mizuho Trust & Banking Co., Ltd.; MIZUHO FINANCIAL GROUP INC MLC; NATIONAL AUSTRALIA BANK LTD MMA Financial, Inc.; MUNICIPAL MORTGAGE & EQUITY MMA Realty Capital; MUNICIPAL MORTGAGE & EQUITY MMA Renewable Ventures; MUNICIPAL MORTGAGE & EQUITY Mobile Consultants, Inc.; FIRSTMERIT CORPORATION Money Corner; DOLLAR FINANCIAL CORP Money Mart; DOLLAR FINANCIAL CORP Money Shop; DOLLAR FINANCIAL CORP Monitise Americas, LLC; METAVANTE CORPORATION Moody’s Investors Service; MOODY'S CORPORATION Moody’s KMV; MOODY'S CORPORATION Moody's Economy.com; MOODY'S CORPORATION Morgan Keenan & Company; REGIONS FINANCIAL CORP Morgan Stanley; MITSUBISHI UFJ FINANCIAL GROUP (MUFJ) Morgan Stanley Private Equity; MORGAN STANLEY MorganMarkets; JP MORGAN CHASE & CO INC Mortgage Guaranty Insurance Corporation; MGIC INVESTMENT CORP Mortgage Store of Puerto Rico, Inc. (The); R&G FINANCIAL CORP Mortgage-calc.com; BANKRATE INC MortgageIT Holdings, Inc.; DEUTSCHE BANK AG Morton Capital Management; PACIFIC CAPITAL BANCORP Mouvement des caisses Desjardins; DESJARDINS GROUP MPS Banca Personale; BANCA MONTE DEI PASCHI DI SIENA SPA MuniMae; MUNICIPAL MORTGAGE & EQUITY MX Solutions; VERIFONE HOLDINGS INC Myers Internet, Inc.; MGIC INVESTMENT CORP myFICO; FAIR ISAAC CORPORATION myfico.com; FAIR ISAAC CORPORATION N4 Solutions; EXPERIAN PLC Nabity-Perry Insurance, Inc.; BANK OF THE WEST INC Nantahala, Inc.; FIRST CITIZENS BANCSHARES INC Natbank; NATIONAL BANK OF CANADA Natcan; NATIONAL BANK OF CANADA National Bank Financial; NATIONAL BANK OF CANADA
National Bank General Insurance; NATIONAL BANK OF CANADA National Bank of Arizona; ZIONS BANCORP National Bank of New Zealand; AUSTRALIA AND NEW ZEALAND BANKING GROUP National Bank Securities; NATIONAL BANK OF CANADA National Check Network; ELECTRONIC CLEARING HOUSE INC National City Corporation; PNC FINANCIAL SERVICES GROUP INC National Housing Fund; KOOKMIN BANK National Irish Bank; DANSKE BANK AKTIESELSKAB National Penn Bank; NATIONAL PENN BANCSHARES INC National Penn Leasing Company; NATIONAL PENN BANCSHARES INC Nationwidecardsrevices.com; BANKRATE INC NatWest; ROYAL BANK OF SCOTLAND GROUP PLC (THE, RBS) NBC Universal; GENERAL ELECTRIC CO (GE) NBT Bank; NBT BANCORP INC NBT Capital Corp.; NBT BANCORP INC NBT Financial Services, Inc.; NBT BANCORP INC Nellie Mae; SLM CORPORATION NetBank; COMMONWEALTH BANK OF AUSTRALIA NetEconomy, B.V.; FISERV INC NetSt@r; AMEGY BANCORPORATION Network Loan; INDUSTRIAL BANK OF KOREA Nevada Investment Directions, Inc.; ANCHOR BANCORP WISCONSIN Nevada State Bank; ZIONS BANCORP New England Business Services (NEBS); DELUXE CORP New Galveston Company (The); CULLEN/FROST BANKERS INC New York Commercial Bank; NEW YORK COMMUNITY BANCORP INC New York Community Bank; NEW YORK COMMUNITY BANCORP INC Newston Investments Inc; UCBH HOLDINGS INC Nikko Citi Holdings, Inc.; CITIGROUP INC Nittany Bank; NATIONAL PENN BANCSHARES INC NorCrown Bank; VALLEY NATIONAL BANCORP Nordania Leasing; DANSKE BANK AKTIESELSKAB norisbank; DEUTSCHE BANK AG North American Equity; GE REAL ESTATE North American Financial Services; FAIR ISAAC CORPORATION North American Lending; GE REAL ESTATE North Shore Community Bank and Trust Company; WINTRUST FINANCIAL CORP
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. Northbrook Bank and Trust Company; WINTRUST FINANCIAL CORP Northern Trust Company (The); NORTHERN TRUST CORP Northwest Capital Group, Inc.; NORTHWEST BANCORP INC Northwest Consumer Discount Company, Inc.; NORTHWEST BANCORP INC Northwest Financial Services, Inc.; NORTHWEST BANCORP INC Northwest Savings Bank; NORTHWEST BANCORP INC Northwest Settkement Agency, LLC; NORTHWEST BANCORP INC NOW TV; HANG SENG BANK LIMITED NYCE Payment Network; METAVANTE CORPORATION OceanFirst Bank; OCEANFIRST FINANCIAL CORP OceanFirst Realty Corp.; OCEANFIRST FINANCIAL CORP OceanFirst REIT Holdings, Inc.; OCEANFIRST FINANCIAL CORP OceanFirst Services, LLC; OCEANFIRST FINANCIAL CORP Oceanside Insurance Agency, Inc.; FIRSTFED FINANCIAL CORP Old National Bank; OLD NATIONAL BANCORP Old National Trust Co.; OLD NATIONAL BANCORP Oldenburgische Landesbank; DRESDNER BANK AG ONB Corporation; COMMUNITY BANK SYSTEM ONB Investments Services, Inc.; OLD NATIONAL BANCORP OnLine Data Corp.; IPAYMENT INC Online Resources Corporation; MB FINANCIAL INC Onyx Acceptance Corporation; CAPITAL ONE FINANCIAL CORP OPEN: The Small Business Network; AMERICAN EXPRESS CO Opteva; DIEBOLD INC Origen Financial, L.L.C.; ORIGEN FINANCIAL INC Origen Focus; ORIGEN FINANCIAL INC Orlandi Valuta; WESTERN UNION COMPANY (THE) Oyak Bank of Turkey; ING GROUP (ING GROEP NV) Oyak Emeklilik; ING GROUP (ING GROEP NV) Ozaukee Bank; BANK OF MONTREAL (BMO) P.C.B Bancorp, Inc.; COLONIAL BANCGROUP INC Pacific Capital Bank N.A.; PACIFIC CAPITAL BANCORP Pacific Century Insurance Services, Inc.; BANK OF HAWAII CORP Pacific Century Life Insurance Corp.; BANK OF HAWAII CORP Pacific Investment Management Company (PIMCO); ALLIANZ SE Pacific Rim Banking; BANK OF THE WEST INC
Pago Facil; WESTERN UNION COMPANY (THE) ParaData Financial Systems; WORLD ACCEPTANCE CORP Park Insurance Group, Inc.; PARK NATIONAL CORP Park National Bank (The); PARK NATIONAL CORP Paypal Mobile Checkout; PAYPAL INC PAYplus; FUNDTECH LTD PaySys International, Inc.; FIRST DATA CORP PCB Employee University; PACIFIC CAPITAL BANCORP PCCW Ltd.; HANG SENG BANK LIMITED Penn-Ohio Life Insurance Company; FNB CORP Pennstar Bank; NBT BANCORP INC Pennsylvania Financial Corp.; FULTON FINANCIAL CORP People’s Mortgage Corporation; WEBSTER FINANCIAL CORP People’s United Financial, Inc.; PEOPLE'S UNITED BANK Peoples Bank of Elkton (The); COLUMBIA BANK (THE) Peoples Bank of Elkton (The); FULTON FINANCIAL CORP People's Capital & Leasing Corp.; PEOPLE'S UNITED BANK People's Securities, Inc.; PEOPLE'S UNITED BANK PEP+; CHECKFREE CORP Peripheral Computer Industries; VERIFONE HOLDINGS INC Pershing, LLC; BANK OF NEW YORK MELLON CORP Personal Finance Corporation; BANCORPSOUTH INC Peter B. Cannell & Co., Inc.; NEW YORK COMMUNITY BANCORP INC Peterson's; NELNET INC PFF Bancorp Capital Trust I; PFF BANCORP INC PFF Bancorp Capital Trust II; PFF BANCORP INC PFF Bank & Trust; PFF BANCORP INC PFPC; PNC FINANCIAL SERVICES GROUP INC PHH Arval; PHH CORPORATION PHH Mobility; PHH CORPORATION PHH Mortgage Corp.; PHH CORPORATION PHH Vehicle Management Services; PHH CORPORATION Pisgah, Inc.; FIRST CITIZENS BANCSHARES INC PMI Asia; PMI GROUP INC (THE) PMI Australia; PMI GROUP INC (THE) PMI Canada; PMI GROUP INC (THE) PMI Europe; PMI GROUP INC (THE) PMI Guaranty Co.; PMI GROUP INC (THE) PMI Mortgage Insurance Co.; PMI GROUP INC (THE) PNC Financial Services Group, Inc.; NATIONAL CITY CORPORATION Popular Financial Holdings; POPULAR INC Popular Inc; E-LOAN INC
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. Popular Mortgage, Inc.; POPULAR INC POSitouch Hospitality Systems; VERIFONE HOLDINGS INC Postilion; S1 CORPORATION Prang GmbH; FUNDTECH LTD Precise ID; EXPERIAN AMERICAS Predica; CREDIT AGRICOLE SA Premier Community Bankshares, Inc.; UNITED BANKSHARES INC Premium Assignment Corp.; SUNTRUST BANKS INC President's Choice Financial; CANADIAN IMPERIAL BANK OF COMMERCE Prime Bank; EAST WEST BANCORP INC PrimeAccess; GOLDMAN SACHS GROUP INC Primerica; CITIGROUP INC PrimeVest Financial Services; TD BANK NA PrimeVest Financial Services, Inc.; ING AMERICAS PRIMUS Financial Services; FORD MOTOR CREDIT CO Princeton eCom Corp.; ONLINE RESOURCES CORP Private Client Group; NATIONAL CITY CORPORATION Procomp Industria Electronica S.A.; DIEBOLD INC Proteq; SNS REAAL NV Provident Bank; PROVIDENT BANKSHARES CORP Provident Bank (The); PROVIDENT FINANCIAL SERVICES INC Provident Bank Foundation; PROVIDENT FINANCIAL SERVICES INC Provident Investment Company; PROVIDENT BANKSHARES CORP Provident Investment Services, Inc.; PROVIDENT FINANCIAL SERVICES INC Provident Lease Corp.; PROVIDENT BANKSHARES CORP Prudential Capital Group; GMAC FINANCIAL SERVICES PT Bank UOB Buana; UNITED OVERSEAS BANK LTD PT Bank UOB Indonesia; UNITED OVERSEAS BANK LTD Puerto Rico Finance Group; FIRST BANCORP Puhua Investment; GUANGDONG DEVELOPMENT BANK CO LTD PULSE EFT Association; DISCOVER FINANCIAL SERVICES INC Putnam Lovell NBF Securities; NATIONAL BANK OF CANADA QAS; EXPERIAN AMERICAS qbt Systems; CORILLIAN CORP QDII Profit from Exchange; CHINA CONSTRUCTION BANK (CCB) Qtopia; QUICKEN LOANS INC Quancheng Long Card; CHINA CONSTRUCTION BANK (CCB)
QuickBooks; INTUIT INC QuickBooks Payroll; INTUIT INC Quicken; INTUIT INC Quicken.com; INTUIT INC Quickenloans.com; QUICKEN LOANS INC Quizzle.com; QUICKEN LOANS INC Quotien; ONLINE RESOURCES CORP R Funds; LAURENTIAN BANK OF CANADA R&G Mortgage Corp.; R&G FINANCIAL CORP R.C. Knox & Company, Inc.; PEOPLE'S UNITED BANK Radia Australia, Ltd.; RADIAN GROUP INC Radian Europe, Ltd.; RADIAN GROUP INC Radian Guaranty, Inc.; RADIAN GROUP INC Radian Insurance, Inc.; RADIAN GROUP INC Radius Partners; FUNDTECH LTD Rapid City Holdings, LLC; COMPUCREDIT CORPORATION RapidForms; DELUXE CORP RatingsDirect; STANDARD & POORS (S&P) RBC Builder Finance; ROYAL BANK OF CANADA RBC Capital Markets; ROYAL BANK OF CANADA RBC Centura; ROYAL BANK OF CANADA RBC Dain Rauscher; ROYAL BANK OF CANADA RBC Dexia Investor Services; DEXIA GROUP RBC Direct Investing; ROYAL BANK OF CANADA RBC Financial Group; ROYAL BANK OF CANADA RBC Royal Bank; ROYAL BANK OF CANADA RBS Asset Finance; CITIZENS FINANCIAL GROUP INC RBS Business Capital; CITIZENS FINANCIAL GROUP INC RBS Citizens; CITIZENS FINANCIAL GROUP INC REAAL Verzekering; SNS REAAL NV Real Life Plan; DITECH.COM Realpoint; CAPMARK FINANCIAL GROUP INC Realty Advisory Services Program; MERRILL LYNCH CREDIT CORPORATION Realty Advisory Services Program; MERRILL LYNCH CREDIT CORPORATION Rebsamen Insurance Services; REGIONS FINANCIAL CORP Redbox Automated Retail, LLC; COINSTAR INC Redwood Empire Bancorp; WESTAMERICA BANCORPORATION Reed, Connor & Birdwell LLC (RCB); CITY NATIONAL CORPORATION Regency Finance Company; FNB CORP Regions Agency; REGIONS FINANCIAL CORP Regions Bank; REGIONS FINANCIAL CORP Regions Equipment Finance Corporation; REGIONS FINANCIAL CORP Regions Mortgage, Inc.; REGIONS FINANCIAL CORP Remote Deposit Capture; CHEVY CHASE BANK
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. Republic Bancorp Inc; CITIZENS REPUBLIC BANCORP INC Republic International Bank (Miami); HSBC USA Republic Mortgage LLC; FIRST HORIZON NATIONAL CORPORATION Residential Capital LLC; RESIDENTIAL CAPITAL LLC (RESCAP) Residential Capital LLC (ResCap); GMAC FINANCIAL SERVICES Reuschel & Co. Privatbankiers; DRESDNER BANK AG R-G Financial Corp; FIFTH THIRD BANCORP R-G Insurance Corp.; R&G FINANCIAL CORP R-G Premier Bank of Puerto Rico; R&G FINANCIAL CORP Ria Envia Inc; EURONET WORLDWIDE INC Richland Trust Company (The); PARK NATIONAL CORP Richmond County Savings Bank; NEW YORK COMMUNITY BANCORP INC Risk Advantage, Inc.; BANCORPSOUTH INC Risk Management Solutions; DUN & BRADSTREET CORP (THE, D&B) Riunione Adriatica di Sicurta SpA; ALLIANZ SE Rock Financial; QUICKEN LOANS INC Rodney Square Management Corp.; WILMINGTON TRUST CORP Roosevelt Savings Bank; NEW YORK COMMUNITY BANCORP INC Roslyn Savings Bank; NEW YORK COMMUNITY BANCORP INC Royal Bank of Scotland; CITIZENS FINANCIAL GROUP INC Ruesch International; TRAVELEX HOLDINGS LIMITED Ryan Beck & Co.; BFC FINANCIAL CORPORATION S&D Indian Palms, Ltd.; ANCHOR BANCORP WISCONSIN S&P 500; STANDARD & POORS (S&P) S&P Global 1200; STANDARD & POORS (S&P) Saadiq Islamic Banking; STANDARD CHARTERED PLC Safeguard; DELUXE CORP Saint Vincent Catholic Medical Centers of New York; GE HEALTHCARE FINANCIAL SERVICES Sakura Card Co., Ltd.; SUMITOMO MITSUI FINANCIAL GROUP (SMFG) Sales & Marketing Solutions; DUN & BRADSTREET CORP (THE, D&B) Sallie Mae Education Trust; SLM CORPORATION San Benito Bank; PACIFIC CAPITAL BANCORP Sanpaolo IMI S.p.A.; INTESA SANPAOLO SPA Santa Barbara Bank & Trust; PACIFIC CAPITAL BANCORP Santa Monica Capital Group; FIRSTFED FINANCIAL CORP
Santander Asset Management Corporation; SANTANDER BANCORP Santander BanCorp; BANCO SANTANDER CENTRAL HISPANO SA Santander Consumer; ABBEY NATIONAL PLC Santander Financial Services; SANTANDER BANCORP Santander Insurance Agency, Inc.; SANTANDER BANCORP Santander International Bank of Puerto Rico, Inc.; SANTANDER BANCORP Santander Securities Corporation; SANTANDER BANCORP Savingforcollege.com; BANKRATE INC Saxon Capital, Inc.; MORGAN STANLEY Saxon Financial Inc; NOVASTAR FINANCIAL INC Saxon Mortgage Services, Inc.; NOVASTAR FINANCIAL INC SBGA California Investments Inc; UCBH HOLDINGS INC Scope Leasing, Inc.; PARK NATIONAL CORP ScoreRight; EXPERIAN AMERICAS Scotia Capital, Inc.; BANK OF NOVA SCOTIA (SCOTIABANK) Scotia Online Financial Services; BANK OF NOVA SCOTIA (SCOTIABANK) Scotiabank; BANK OF NOVA SCOTIA (SCOTIABANK) Scottish Widows; LLOYDS TSB GROUP PLC Scottish Widows Investment Partnership; LLOYDS TSB GROUP PLC Seaside Financial Corp.; FIRSTFED FINANCIAL CORP Security BankCard Center; ARVEST HOLDINGS INC Seguros ING SA de CV; ING GROUP (ING GROEP NV) SEI Investments Distribution Company; SEI INVESTMENTS CO SEI Investments Management Corp.; SEI INVESTMENTS CO SEI Private Trust Company; SEI INVESTMENTS CO SEI Wealth Network; SEI INVESTMENTS CO Seibu Department Stores, Ltd. (The); SEVEN & I HOLDINGS CO LTD Seng Heng Bank Limited; INDUSTRIAL & COMMERCIAL BANK OF CHINA (ICBC) SERVICES; DEUTSCHE POST AG Servicio Electronico De Pago S.A.; WESTERN UNION COMPANY (THE) Seven & I Food Systems Co., Ltd.; SEVEN & I HOLDINGS CO LTD Seven Bank, Ltd.; SONY FINANCIAL HOLDINGS INC Seven Eleven Japan Co., Ltd.; SEVEN & I HOLDINGS CO LTD SG Cowen Securities; SOCIETE GENERALE GROUP
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. SG Equipment Finance; SOCIETE GENERALE GROUP ShareBuilder Corp.; ING GROUP (ING GROEP NV) Sherman Financial Group, LLC; MGIC INVESTMENT CORP Sherman Financial Services Group LLC; RADIAN GROUP INC Shinsei Securities Co., Ltd.; SHINSEI BANK LIMITED Shrewsbury State Investment Co., Inc.; VALLEY NATIONAL BANCORP Signal Capital Management, Inc.; OLD NATIONAL BANCORP Signature Bank; WHITNEY HOLDING CORP Signature Financial; WHITNEY HOLDING CORP Silicon Valley Bank; SVB FINANCIAL GROUP Silver State Bank; ZIONS BANCORP Singapore Aircraft Leasing Enterprise Pte., Ltd.; BANK OF CHINA (BOC) Sky Bank; HUNTINGTON BANCSHARES INC Sky Financial Group Inc; HUNTINGTON BANCSHARES INC Sky Insurance; HUNTINGTON BANCSHARES INC Skylands Community Bank; FULTON FINANCIAL CORP SLAAA Acquisition Corp.; NELNET INC SLF Management, LLC; MUNICIPAL MORTGAGE & EQUITY SLM Financial; SLM CORPORATION Smart Borrower Center; LENDINGTREE LLC Smart Touch Online Banking; UNITED BANKSHARES INC SMBC Consulting Co., Ltd.; SUMITOMO MITSUI FINANCIAL GROUP (SMFG) SMBC Friend Securities; SUMITOMO MITSUI FINANCIAL GROUP (SMFG) Smith Barney; CITIGROUP INC Smith Barney; CITIMORTGAGE INC SNS Bank; SNS REAAL NV SoftPay Software; VERIFONE HOLDINGS INC Solitaire; DE LA RUE PLC Sony Assurance, Inc.; SONY FINANCIAL HOLDINGS INC Sony Bank Inc.; SONY FINANCIAL HOLDINGS INC Sony Life Insurance; SONY FINANCIAL HOLDINGS INC Sony Life Insurance (Philippines) Corp.; SONY FINANCIAL HOLDINGS INC Sony Securities, Inc.; SONY FINANCIAL HOLDINGS INC Sound Federal Bancorp, Inc.; HUDSON CITY BANCORP Sound Federal Savings; HUDSON CITY BANCORP South Financial Asset Management, Inc.; SOUTH FINANCIAL GROUP (THE)
South Group Insurance Services; SOUTH FINANCIAL GROUP (THE) South Tulsa Financial Corporation; COMMERCE BANCSHARES INC South Valley National Bank; PACIFIC CAPITAL BANCORP Southern National Bank; UNITED COMMUNITY BANKS INC SouthTrust Corporation; WACHOVIA CORP Southwest Bank of Texas N.A.; AMEGY BANCORPORATION Southwest Student Services; SLM CORPORATION Southwest Trust Company; BOK FINANCIAL CORP Sovereign Bank; SOVEREIGN BANCORP INC Speedy Title; PHH CORPORATION Splitska Banka; SOCIETE GENERALE GROUP SPP; SVENSKA HANDELSBANKEN AB SRG Net, Inc.; W HOLDING COMPANY INC St. Joseph Capital Bank; OLD NATIONAL BANCORP St. Joseph Capital Corp.; OLD NATIONAL BANCORP Stadshypotek Bank; SVENSKA HANDELSBANKEN AB Standard Bank; INDUSTRIAL & COMMERCIAL BANK OF CHINA (ICBC) Standard Bank; EAST WEST BANCORP INC Standard Chartered Private Bank (The); STANDARD CHARTERED PLC Starbuck, Tisdale & Associates; FIRST REPUBLIC BANK State Financial Services Corp.; ASSOCIATED BANCCORP State Grid Corp. of China; GUANGDONG DEVELOPMENT BANK CO LTD State Street Bank and Trust Company; STATE STREET CORP State Street Global Advisors; STATE STREET CORP Staten Island Bancorp; SOVEREIGN BANCORP INC StepUp Commerce, Inc.; INTUIT INC Sterling; NATIONAL CITY CORPORATION Storebrand; SVENSKA HANDELSBANKEN AB Stored Value Systems; COMDATA CORP Student Loan Finance Association; SLM CORPORATION Student Loan Funding Resources; SLM CORPORATION Sumitomo Mitsui Banking Corporation; SUMITOMO MITSUI FINANCIAL GROUP (SMFG) Sumitomo Mitsui Card Co., Ltd.; SUMITOMO MITSUI FINANCIAL GROUP (SMFG) Sumitomo Mitsui Finance and Leasing Company, Ltd.; SUMITOMO MITSUI FINANCIAL GROUP (SMFG) Summit Banking Corporation; UCBH HOLDINGS INC SunTrust Bank; SUNTRUST MORTGAGES INC SunTrust Capital Markets, Inc.; SUNTRUST BANKS INC
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. SunTrust Leasing Corp.; SUNTRUST BANKS INC SunTrust Mortgage, Inc.; SUNTRUST BANKS INC Superior Finance Company; ARVEST HOLDINGS INC Supply Management Solutions; DUN & BRADSTREET CORP (THE, D&B) Susquehanna Commercial Finance Inc; SUSQUEHANNA BANCSHARES INC Susquehanna Patriot Bank; SUSQUEHANNA BANCSHARES INC Susquehanna Trust & Investment Company; SUSQUEHANNA BANCSHARES INC SVB Alliant; SVB FINANCIAL GROUP SVB Analytics; SVB FINANCIAL GROUP SVB India Advisors Pvt. Ltd.; SVB FINANCIAL GROUP SVB Securities; SVB FINANCIAL GROUP SVBeConnect; SVB FINANCIAL GROUP SVS International; COMDATA CORP Swineford National Bank; FULTON FINANCIAL CORP Synergy Financial Systems Ltd.; FUNDTECH LTD Synovus Financial Corp.; TOTAL SYSTEM SERVICES INC (TSYS) Synovus Insurance Services, Inc.; SYNOVUS FINANCIAL CORP Synovus Mortgage Corp.; SYNOVUS FINANCIAL CORP Synovus Securities, Inc.; SYNOVUS FINANCIAL CORP Synovus Trust Company, N.A.; SYNOVUS FINANCIAL CORP TA Associates Inc; COMMERZBANK AG Tallyman; EXPERIAN PLC TALX Corporation; EQUIFAX INC Tanager Financial Services, Inc.; WACHOVIA CORP Tata Capital Limited of India; EQUIFAX INC TAXI; TRIAD GUARANTY INC TCF Check Cashing; TCF FINANCIAL CORPORATION TCF Financial Insurance Agency, Inc.; TCF FINANCIAL CORPORATION TCF Inventory Finance, Inc.; TCF FINANCIAL CORPORATION TCF Miles Plus; TCF FINANCIAL CORPORATION TCF Mortgage Corp.; TCF FINANCIAL CORPORATION TCF National Bank; TCF FINANCIAL CORPORATION TCF Securities; TCF FINANCIAL CORPORATION TCFExpress.com; TCF FINANCIAL CORPORATION TCW Group; SOCIETE GENERALE GROUP TD Wealth Management Group; TD BANK NA TD Ameritrade; TORONTO-DOMINION BANK (TD BANK)
TD Bank Financial Group; TORONTO-DOMINION BANK (TD BANK) TD Bank Financial Group; TD BANK NA TD Banknorth Insurance Agency Inc; TD BANK NA TD Banknorth NA; TD BANK NA TD Banknorth, Inc.; TORONTO-DOMINION BANK (TD BANK) TD Canada Trust; TORONTO-DOMINION BANK (TD BANK) TD Securities; TORONTO-DOMINION BANK (TD BANK) TD Waterhouse; TORONTO-DOMINION BANK (TD BANK) Telebanc; UNITED BANKSHARES INC TeleCheck Services, Inc.; FIRST DATA CORP Texas Regional Bancshares; BBVA (BANCO BILBAO VIZCAYA ARGENTARIA) TexasBanc Holding Co.; COMPASS BANCSHARES INC Thornburg Mortgage Home Loans Inc; THORNBURG MORTGAGE INC Title Source, Inc.; QUICKEN LOANS INC TNG; ORIGEN FINANCIAL INC Tops Market, LLC; MORGAN STANLEY Toronto-Dominion Bank (TD Bank); TD BANK NA Total System Services de Mexico; TOTAL SYSTEM SERVICES INC (TSYS) Total Systems Services, Inc.; SYNOVUS FINANCIAL CORP Toyota Financial Services; TOYOTA MOTOR CREDIT CORP Toyota Motor Corporation; TOYOTA MOTOR CREDIT CORP TRADEplus; FUNDTECH LTD Trainer Wortham & Co.; FIRST REPUBLIC BANK Transfer Express de Panama; WESTERN UNION COMPANY (THE) Transistor Holdings, LLC; COMPUCREDIT CORPORATION Travel+Leisure; AMERICAN EXPRESS CO Travelex Group; TRAVELEX HOLDINGS LIMITED Treasury Bank; RECONTRUST COMPANY TRIAD; FAIR ISAAC CORPORATION Triad Guaranty Insurance Corp.; TRIAD GUARANTY INC Triad Insurance Agency, Inc.; BANK OF HAWAII CORP Triangle Life Insurance Company; FIRST CITIZENS BANCSHARES INC Trinity Capital; BANK OF THE WEST INC TRMK Risk Management, Inc.; TRUSTMARK CORPORATION TRUST 3000; SEI INVESTMENTS CO Trustmark Investment Advisors, Inc.; TRUSTMARK CORPORATION
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. Trustmark National Bank; TRUSTMARK CORPORATION Trustmark Securities, Inc.; TRUSTMARK CORPORATION TrustNetWeb; TRUSTMARK CORPORATION TrustTouch; TRUSTMARK CORPORATION TSYS Canada, Inc.; TOTAL SYSTEM SERVICES INC (TSYS) TSYS Technology Center, Inc.; TOTAL SYSTEM SERVICES INC (TSYS) TSYS Total Debt Management, Inc.; TOTAL SYSTEM SERVICES INC (TSYS) Tuition Management Systems Inc; KEYCORP Tyco International; CIT GROUP INC U.S. Bank; US BANCORP U.S. Trust; BANK OF AMERICA CORP UBCI; POPULAR INC UFJ Group; MITSUBISHI UFJ FINANCIAL GROUP (MUFJ) UFJ NICOS Co., Ltd.; MITSUBISHI UFJ FINANCIAL GROUP (MUFJ) Ulster Bank; ROYAL BANK OF SCOTLAND GROUP PLC (THE, RBS) UMB Banc Leasing Corp.; UMB FINANCIAL CORP UMB Bank; UMB FINANCIAL CORP UMB Bank Arizona; UMB FINANCIAL CORP UMB Bank Colorado; UMB FINANCIAL CORP UMB Bank, Warsaw; UMB FINANCIAL CORP UMB Community Development Corp.; UMB FINANCIAL CORP UMB National Bank of America; UMB FINANCIAL CORP UMB Scout Brokerage Services; UMB FINANCIAL CORP UniCredit Beijing Consultants; UNICREDIT SPA (UNICREDIT GROUP) UniCredit China Capital; UNICREDIT SPA (UNICREDIT GROUP) UniCredit Group; HYPO VEREINSBANK AG (HVB GROUP) Unicredito Italiano S.p.A.; UNICREDIT SPA (UNICREDIT GROUP) Union Bank of California; UNIONBANCAL CORPORATION Union Bank of Central Florida; COLONIAL BANCGROUP INC UnionBanCal Corporation; MITSUBISHI UFJ FINANCIAL GROUP (MUFJ) UnionPay Data Co., Ltd.; TOTAL SYSTEM SERVICES INC (TSYS) United Bank Virginia; UNITED BANKSHARES INC United Bank West Virginia; UNITED BANKSHARES INC United Brokerage Services Inc; UNITED BANKSHARES INC
United Commercial Bank; UCBH HOLDINGS INC United Commercial Bank Building Corporation; UCBH HOLDINGS INC United Community Insurance Services, Inc.; UNITED COMMUNITY BANKS INC United Community Mortgage Services; UNITED COMMUNITY BANKS INC United Financial Corp.; US BANCORP United Financial Group; DEUTSCHE BANK AG United Overseas Bank; UNITED OVERSEAS BANK LTD United Overseas Bank of China; UNITED OVERSEAS BANK LTD United Overseas Bank of Thailand; UNITED OVERSEAS BANK LTD UOB One Card; UNITED OVERSEAS BANK LTD Upromise; SLM CORPORATION Upstream Technologies, LLC; CHECKFREE CORP USB Holding Company Inc; KEYCORP USI Holdings Corporation; GOLDMAN SACHS GROUP INC Valley 747 Acquisition, LLC; VALLEY NATIONAL BANCORP Valley Forge Asset Management Corp.; SUSQUEHANNA BANCSHARES INC Valley National Bank; VALLEY NATIONAL BANCORP ValliCorp Holdings, Inc.; WESTAMERICA BANCORPORATION ValuTree Real Estate Services, LLC; SUNTRUST MORTGAGES INC Vantage Investment Advisors, LLC; NATIONAL PENN BANCSHARES INC V-BankWorks; VALLEY NATIONAL BANCORP Vectra Bank Colorado; ZIONS BANCORP VeriShield; VERIFONE HOLDINGS INC Verix Operating Environment; VERIFONE HOLDINGS INC VFC, Inc.; TORONTO-DOMINION BANK (TD BANK) Vietnam Card Bank; UNITED OVERSEAS BANK LTD Vietnam Insurance Corporation; HSBC HOLDINGS PLC Vigo; WESTERN UNION COMPANY (THE) VIP Service System; CHINA CONSTRUCTION BANK (CCB) Virgin Islands Community Bank; FIRST BANCORP Visa Buxx; VISA USA INC Visa Canada Association; VISA INC Visa Classic; VISA USA INC Visa Direct; VISA INC Visa Giro; VISA INC Visa Gold; VISA USA INC Visa Inc; VISA USA INC Visa International; VISA INC
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INDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. Visa International Service Association; VISA INC Visa Payroll; VISA USA INC Visa Platinum; VISA USA INC Visa Secured; VISA USA INC Visa Signature; VISA USA INC Visa U.S.A., Inc.; VISA INC Vision Bancshares; PARK NATIONAL CORP Vision Insurance Services, Inc.; MB FINANCIAL INC Vision Investment Services, Inc.; MB FINANCIAL INC Volvo Car Finance; FORD MOTOR CREDIT CO Vx Solutions; VERIFONE HOLDINGS INC Wachovia Bank N.A.; WACHOVIA CORP Wachovia Corporation; WELLS FARGO & CO Warburg Pincus LLC; METAVANTE CORPORATION WARTA Insurance; KBC GROUP NV Washington Mutual (WAMU); JP MORGAN CHASE & CO INC Wayne Hummer; WINTRUST FINANCIAL CORP We The People USA, Inc.; DOLLAR FINANCIAL CORP Wealth Management; CITY NATIONAL CORPORATION WebSeries; BOTTOMLINE TECHNOLOGIES INC Webster Bank; WEBSTER FINANCIAL CORP Webster Investment Services; WEBSTER FINANCIAL CORP Wells Fargo; WACHOVIA CORP Wells Fargo Brokerage Services, LLC; WELLS FARGO & CO Wells Fargo Foothill; WELLS FARGO & CO Wells Fargo Funds Management, LLC; WELLS FARGO & CO Wells Fargo Institutional Securities, LLC; WELLS FARGO & CO Wells Fargo Insurance; WELLS FARGO & CO Wells Fargo Securities LLC; WELLS FARGO & CO Westamerica Bank; WESTAMERICA BANCORPORATION Westcorp; WACHOVIA CORP Westernbank Insurance Corp.; W HOLDING COMPANY INC Westernbank International Trade Services; W HOLDING COMPANY INC Westernbank Puerto Rico; W HOLDING COMPANY INC Westernbank World Plaza, Inc.; W HOLDING COMPANY INC Westward Financial Services, Inc.; HORIZON FINANCIAL CORP WFS Financial, Inc.; WACHOVIA CORP Whitney Community Development Corp.; WHITNEY HOLDING CORP Whitney National Bank; WHITNEY HOLDING CORP Widmann, Siff & Co Inc; SUSQUEHANNA BANCSHARES INC
Wilmington Trust Company; WILMINGTON TRUST CORP Wilmington Trust FSB; WILMINGTON TRUST CORP Wilmington Trust of Pennsylvania; WILMINGTON TRUST CORP Wilmington Trust SP Services (Luxembourg) S.A.; WILMINGTON TRUST CORP WIN CLASS; INDUSTRIAL BANK OF KOREA Wipro Technologies; BOTTOMLINE TECHNOLOGIES INC Wizard; CONVERGYS CORPORATION Woolwich; BARCLAYS PLC WorkingRx Holding Co.; FISERV INC World Acceptance World Class Buying Club; WORLD ACCEPTANCE CORP World Elite MasterCard; MASTERCARD INC World Financial Capital Bank; ALLIANCE DATA SYSTEMS CORPORATION World Financial Network National Bank; ALLIANCE DATA SYSTEMS CORPORATION WT Investments, Inc.; WILMINGTON TRUST CORP XPRESSCHEX, Inc.; ELECTRONIC CLEARING HOUSE INC Yapi ve Kredi Bankasi A.S.; UNICREDIT SPA (UNICREDIT GROUP) York-Benimaru Co., Ltd.; SEVEN & I HOLDINGS CO LTD Yorkshire Bank; NATIONAL AUSTRALIA BANK LTD Young Talents; CREDIT SUISSE GROUP Zions Bancorp; AMEGY BANCORPORATION Zions First National Bank; ZIONS BANCORP