Bank and thrift holding companies generated record revenue from their wealth management businesses in the first half of 2014, hauling in $71.2 billion, up 6.2% year-over-year, according to the latest Sorrento Pacific Michael White Bank Wealth Management Report. Here are the top 10 banks whose wealth management programs grew the fastest during this period year-over-year.
Read the full story here and see the data here.
Community First Bancshares, Inc. (Tenn.)
Rank: 10
First-Half 2014 Wealth Management Fee Income: $147,000
Year-Over-Year Increase: 99%
Bank Assets: $1.9 billion
Cadence Bancorp. (Texas)
Rank: 9
First-Half 2014 Wealth Management Fee Income: $15.6 million
Year-Over-Year Increase: 104%
Bank Assets: $7 billion
1854 Bancorp (Mass.)
Rank: 8
First-Half 2014 Wealth Management Fee Income: $178,000
Year-Over-Year Increase: 105%
Bank Assets: $883 million
United Community Bancorp. (Ill.)
Rank: 7
First-Half 2014 Wealth Management Fee Income: $1.4 million
Year-Over-Year Increase: 110%
Bank Assets: $1.7 billion
Access National Corp. (Va.)
Rank: 6
First-Half 2014 Wealth Management Fee Income: $906,000
Year-Over-Year Increase: 113%
Bank Assets: $999 million
Union Bancshares Corp. (Va.)
Rank: 5
First-Half 2014 Wealth Management Fee Income: $5.5 million
Year-Over-Year Increase: 113%
Bank Assets: $7.3 billion
Forcht Bancorp (Ky)
Rank: 4
First-Half 2014 Wealth Management Fee Income: $136,000
Year-Over-Year Increase: 119%
Bank Assets: $922 million
United Financial Bancorp (Conn.)
Rank: 3
First-Half 2014 Wealth Management Fee Income: $1.0 million
Year-Over-Year Increase: 135%
Bank Assets: $5.2 billion
Prosperity Bancshares (Texas)
Rank: 2
First-Half 2014 Wealth Management Fee Income: $6.5 million
Year-Over-Year Increase: 140%
Bank Assets: $21.2 billion
Capital Bank Financial Corp. (Fla.)
Rank: 1
First-Half 2014 Wealth Management Fee Income: $2.2 million
Year-Over-Year Increase: 257%
Bank Assets: $6.6 billion
