First Republic Bank’s roots were planted in 1985 by founders Roger Walther and James Herbert. By 1991, the bank had become FDIC insured, were listed in NASDAQ with an IPO of $23 million and had 100 employees. In 1991 they launched their internet banking services and the next several years experienced great expansion. By 2000, they established First Republic Securities Company, had 423 employees and deposits totaling over $2 billion. The following decade consisted of mergers and acquisitions and more growth. The company moved into the wealth management sector, which today they offer along with personal banking and lending services with over 2000 employees and 60 offices nationwide. Its locations span from San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Palm Beach, Boston, Greenwich, and New York City.
Originally known as the First Alabama Bancshares in 1971, Regions has gorwn to a 125.54 billion dollar empire. There are over 1,700 physical branches (as of December of 2010) and it services the south east portion of the country. Regions Bank is a member of the S&P 500 Index and provides retail and commercial banking.
Everbank was established in 1961 and now has a total assets of 21.6 Billion. Their form of banking is different than the traditional style of banking. Their goal is to give the consumers high APY both for checking and for savings. They have committed to be within the top 5% of APY in the nation. Their banks are located throughout Florida but they are accessible everywhere through online banking and have lending offices across the country.
Back in 1985, SunTrust was founded as a banking solution for the southeast U.S. In just over thirty years, SunTrust has grown to include nearly 1,500 physical branches and 2,243 compatible ATM's. The SunTrust Plaza headquarters are located in Atlanta, Georgia and is made up of over $190 billion in assets. The current Chairman and CEO is William H. Rogers, Jr. and the bank employs over 26,000 people.
Citizens Financial Group dates back to 1828 and serves as one of the oldest and largest financial service firms in the country. The Citizens Bank headquarters are located in Providence, Rhode Island. The bank offers retail and commercial banking features and services to individuals and businesses and corporations. There are over 3,200 Citizen Bank ATMs located in 11 different states. In terms of borrowing, Citizens Bank provides the following loans such as: mortgages, auto, student, and commercial business loans.
First Citizens Bank is a subsidiary of the First Citizens Bancshares, Incorporated. The other subsidiary is IronStone Bank. First Citizens Bank operates in 18 states and the District of Columbia. A merger is in place, that if it goes through, will make it the sixth largest bank in the Southeast. First Citizens Bank operates over 575 branches.
The Arvest Bank journey started in 1961. Originally known as The Bank of Bentonville, Arvest Bank has grown into a platform consisting of over 200 branches. When the bank was originally purchased, it had $3.5 million in deposits. Today, the Arvest Bank assets now exceed $16 billion. The Arvest Bank services can be found in over 120 communities and is the largest bank in Arkansas in terms of deposit market share.
The Raymond Trice and Company, originally started as a mercantile operation in Mississippi receives a perpetual charter to set up a bank in their store in 1876. Just ten years later, Raymond Trice and Company moved the banking operations to Tupelo, later becoming the Bank of Mississippi. Eventually, the holding company for Bank of Mississippi is formed, and the name is later changed to BancorpSouth, Inc. All of the BancorpSouth financial solutions are based on ways to better serve a customer is to understand what is right for them.
The first purchase with a Discover card took place in 1986 for $26.77 at a Sears, Roebuck and Co. store in Atlanta, Georgia. The next year the Discover credit card was launched nationally by a subsidiary of Sears. By 1989 Discover has signed its 1 millionth merchant. Discover goes virtual in 1995 with Discovercard.com, offering online customers the ability to apply for cards, pay bills, redeem and earn extra rewards and get email paperless reminders. Over the years, Discover has formed several mergers and acquisitions while pioneering new credit products like the first keychain credit card, gas and miles rewards cards, paperless statements and biodegradable credit cards. In 2011, Discover’s direct-to-consumer deposits grew to $26 billion with cards used internationally for the first time in 2012. Today, Discover is a direct bank and electronic services company offering customers a broad range of no-fee direct banking products, such as online checking, savings, certificates of deposit, and money market accounts with millions of merchant and cash access locations; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories.
Established in 1888, Astoria Bank is the second largest thrift depository in New York. The bank provides retail and business customers with various financial products. Astoria Bank can be found in four states with correspondent relationships covering thirteen states and the District of Columbia. The majority of their business is conducted on the East Coast.