M&T Bank has a long tradition dating back to Buffalo, New York where it was founded under the name Manufacturers and Traders Bank in 1856. By 1969 the bank was under the umbrella of First Empire State Corporation bank holding company. In 1998, the name changed to M&T Corporation. Today, after a list of mergers and acquisitions, M&T Bank Corporation is now Manufacturers and Traders Trust Company, or better known as M&T Bank. It is one of the 20 largest commercial bank holding companies in the United States with $97 billion in assets as of the end of 2014. It has over 650 local branches and more than 1,500 ATM locations in Delaware, Maryland, New York, Pennsylvania, Virginia, West Virginia, and Washington, D.C. M&T prides itself on being a community bank with a symbiotic relationship with the local community where its branches serve.
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.
What is currently known as Associated Banc Corp started out as First National Bank of Neenah, Wisconsin in 1861. The year 1970 was pivotal due to the merging of the Neenah Bank with two other Northeast Wisconsin banks—Kellogg Citizens Bank of Green Bay and Manitowoc Savings Bank. The second key event earning Associated Banc its name was the 1997 merger of First Financial and Associated Bank, resulting in the retaining of the latter name. Today, approximately 150 years later, Associated Banc Corp is one of the top 50 publicly traded, bank holding companies in the United States based out of Green Bay, Wisconsin. The bank offers a variety of financial products and services in over 200 banking locations in more than 100 communities throughout Wisconsin, Illinois and Minnesota, including offering commercial financial services in Indiana, Michigan, Missouri, Ohio and Texas.
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.
People’s United Bank was started in the Northeastern United States in 1842 as a premier, community-based, regional bank in offering commercial and retail banking, and wealth management services. However, it found its niche to be servicing the middle class population while other banks mainly focused on commercial businesses. After years of conversions, mergers and acquisitions, People’s Bank became People’s United Bank in 2007. Today, People's United Bank operates as a subsidiary of People's United Financial, Inc. with $36 billion in assets. They currently have over 5,000 employees and branches in Connecticut, Massachusetts, Vermont, New Hampshire, Maine and New York. There are People’s United Bank Stop and Shop branches at more than 140 metro locations in New York and Connecticut.
Back in 1849 down in Detroit Michigan, the Detroit Savings Fund Institute was initially formed. Today, Comerica has grown into one of the largest U.S. financial holding companies with over $70 billion in assets. The headquarters are now in Dallas Texas and the bank employs over 9,000 people. In 2008, Comerica partnered with MasterCard to create the Direct Express Debit MasterCard prepaid debit card. Comerica Bank is the only issuing bank for the debit card.
For over 126 years, First Financial has served the financial needs of their clients, helping them better manage and save their money. Despite recent trouble in the banking industry, First FInancial Bank continued to grow through acquisitions, new branches and the expansion of their services. Despite humble beginnings, First Financial is known as one of the nation's most financially secure banking institutions, with assets totaling over $.653 billion.
Northern Trust Bank was founded in 1889 by reputable banker Byron Laflin Smith with the goal of serving the city’s affluent individuals and organizations. Northern Trust went on to create a series of ‘firsts’ for their industry, including an employee life insurance plan in 1912, a pension plan in 1913 and electronic check processing. By 1969 North Trust had expanded internationally with a London office, making them the first Illinois-chartered financial institution to open a branch outside the United States. Today, Northern Trust Corporation operates as the largest administrator of offshore private equity funds in Europe, and is one of the world’s leading providers of institutional index management services. Internationally, Northern Trust is one of the leaders when it comes to delivering to corporations, institutions and affluent individuals services such as investment management, asset and fund administration, fiduciary and banking solutions. To date, Northern Trust has $107 billion in banking assets, $6.1 trillion in assets under custody and $960 billion in assets under management.
Commerce Bank was founded in 1865 by Francis Reid Long as the Kansas City Savings Association with only $10,000 in capital. The association was then acquired in 1881 and it became the National Bank of Commerce. It eventually became the Commerce Bank in 1903. Commerce Bank is the oldest and largest bank in Kansas City. It is listed as the 48th largest bank holding company in the United States as reported by the Federal Reserve Bank.
Started in 1882 as Harris Bank, BMO Harris Bank has grown to be one of the largest banks in the Midwest. BMO Harris Bank serves personal, commercial, and affluent customers. There are over 600 physical branches and over 1,300 ATMs. The BMO Harris Bank service can be found in eight states and includes banking, financing, and investing solutions.