Top 10 Fastest-Growing Bank Wealth Management Programs
Published September 16, 2014 4:23 PM
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Updated June 22, 2016 3:55 PM
1 Min Read
Top 10 Fastest-Growing Bank Wealth Management Programs
Wealth management services reeled in record first-quarter revenue for bank and thrift holding companies, generating $35 billion, according to the latest Sorrento Pacific Michael White Bank Wealth Management Report. Of the 473 wealth management programs on track to earn a minimum of $250,000 this year, 77% showed positive growth from the first quarter of 2013, with 51% growing 10% or more. Here are the top 10 banks whose wealth management programs grew the fastest year-over-year.
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10. Access National Corp. (Va.)
1Q 2014 Wealth Management Fee Income: $439,000
Year-Over-Year Increase: 115%
Bank Assets: $927 million
Year-Over-Year Increase: 115%
Bank Assets: $927 million
9. United Community Bancorp. (Ill.)
1Q 2014 Wealth Management Fee Income: $768,000
Year-Over-Year Increase: 119%
Bank Assets: $1.7 billion
Year-Over-Year Increase: 119%
Bank Assets: $1.7 billion
8. Prosperity Bancshares (Tx.)
1Q 2014 Wealth Management Fee Income: $3.1 million
Year-Over-Year Increase: 123%
Bank Assets: $18.9 billion
Year-Over-Year Increase: 123%
Bank Assets: $18.9 billion
7. Union First Market Bankshares (Va.)
1Q 2014 Wealth Management Fee Income: $2.7 million
Year-Over-Year Increase: 125%
Bank Assets: $7.3 billion
Year-Over-Year Increase: 125%
Bank Assets: $7.3 billion
6. Platte Valley Financial Services Companies (Neb.)
1Q 2014 Wealth Management Fee Income: $376,000
Year-Over-Year Increase: 131%
Bank Assets: $750 million
Year-Over-Year Increase: 131%
Bank Assets: $750 million
5. Meridian Financial Services (Mass.)
1Q 2014 Wealth Management Fee Income: $172,000
Year-Over-Year Increase: 187%
Bank Assets: $2.9 billion
Year-Over-Year Increase: 187%
Bank Assets: $2.9 billion
4. Rockville Financial (Conn.)
1Q 2014 Wealth Management Fee Income: $437,000
Year-Over-Year Increase: 206%
Bank Assets: $2.4 billion
Year-Over-Year Increase: 206%
Bank Assets: $2.4 billion
3. CertusHoldings (Ga.)
1Q 2014 Wealth Management Fee Income: $1.0 million
Year-Over-Year Increase: 247%
Bank Assets: $1.6 billion
Year-Over-Year Increase: 247%
Bank Assets: $1.6 billion
2. Forcht Bancorp. (Ky.)
1Q 2014 Wealth Management Fee Income: $90,000
Year-Over-Year Increase: 275%
Bank Assets: $940 million
Year-Over-Year Increase: 275%
Bank Assets: $940 million
1. Capital Bank Financial Corp. (Fla.)
1Q 2014 Wealth Management Fee Income: $1.3 million
Year-Over-Year Increase: 402%
Bank Assets: $6.5 billion
Year-Over-Year Increase: 402%
Bank Assets: $6.5 billion
