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.
In 1874, Bank of the West originally opened up for business on the California frontier. Originally known as the Farmers National Gold Bank, today Bank of the West is one of ten banks nationwide authorized to issue paper currency backed by gold reserves. With this backing, the Bank of the West has helped people build homes, finance farms, and grow businesses. The Bank of the West is a subsidiary of BNP Paribas. The Bank of the West offices can be found in 22 states and is comprised of more than $75.7 billion in assets.
CIT group was founded in 1908 and has provided commercial lending, leasing, and advisory services for more than one hundred years. Their total assets are more than $21 billion. They have an online bank (BankonCIT) that was founded in 2000 that only provide services for savings, CDs, IRA’s, and Custodial accounts.
The Bank of New York Mellon (known as BNY Mellon) has deep roots in the origins of the modern day U.S. economy. It was initially started by Alexander Hamilton in 1784 during an economically devastated New York City, post-revolutionary war. Local merchants and lawyers had united to create a bank to help rebuild the economy. The bank’s name came about in the 1800s when a successful banker in Pittsburgh, Pennsylvania named Thomas Mellon and his sons Andrew and Richard founded a bank. This bank, T. Mellon and Sons, was launched in 1869. After Thomas Mellon’s retirement, his sons took over and the bank’s name changed to Mellon National Bank in 1902 upon joining the national banking system. In 1946, the Mellon National Bank merged with the Union Trust Company, making Mellon National Bank & Trust Company a leading provider in trust services. In 2007, Mellon Financial Corporation merged with The Bank of New York Company to form what is known today as BNY Mellon. To date, BNY Mellon is one of the longest-lasting financial institutions in the world specializing in wealth investment and management. They serve many of the world’s leading investors. The company is the largest deposit bank in the world, reported to have $1.7 trillion in managed assets and $28.5 trillion in assets under custody and/or administration.
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.
Started in 1874, BancWest began as Farmers National Gold Bank in San Jose, California helping people build homes, finance farms, and grow their businesses. After several years of building a strong and expanding local customer base in the California Bay area, Farmers National Gold Bank became First National Bank of San Jose in 1880.
Another name change followed in 1979 when the bank changed its name to Bank of the West to better reflect its expansion beyond the Bay area. By that time, the newly named Bank of the West had 35 San Francisco Bay Area locations and $350 million in assets.
In 1998, Bank of the West joined forces with San Francisco and First Hawaiian Bank of Honolulu to form BancWest Corporation. It eventually became fully owned by financial giant BNP Paribas.
Today, BancWest Corporation serves more than 3.39 million customers at over 670 branches and commercial banking offices in all 50 states.
IMB Banking and Financial Services was founded in Australia in 1880 under the name Illawarra Mutual Building Society (IMG). A building society (or mutual) is a financial institution owned by its members. Members usually do not contribute to the capital of the company by direct investment; rather they obtain their benefits through paying dues and fees. As an Australian Mutual Building Society, IMB’s purpose was-and is- to raise funds from its membership to provide common services to all members of the organization (or society). Today, IMB Bank is the longest standing Building Society in South Wales, celebrating 135 years in the business with branches in Sydney, the Illawarra, the NSW South Coast, ACT and Victoria. IMB offers products including home loans, personal loans, savings and transaction accounts, term deposits, business banking, financial planning as well as a variety of insurance products.
Carter Bank and Trust was formed on December 29, 2006 as part of a merger of ten banks spread across Virginia and North Carolina. When the merger happened, it created the largest independent state-chartered commercial bank with headquarters in the Commonwealth of Virginia. The total assets are over $4.89 billion and operates 123 branches on the east coast. All deposit accounts are insured by the FDIC up to the maximum amount allowed by law (which is currently $250,000 per depositor).