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A bank holding company is a company that controls one or more banks, but does not necessarily engage in banking itself. [1] The compound bancorp ( banc / bank + corp [oration]) or bancorporation is often used to refer to these companies as well.
The following table lists the 100 largest bank holding companies in the United States ranked by total assets of March 31, 2024 per the Federal Financial Institutions Examination Council; their market capitalization is also shown.
A bank holding company is a corporate entity that owns a controlling interest in one or more banks. While a bank holding company doesn’t offer banking services directly, it manages banks that do.
Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. [6] The company was formed in December 2019 as the result of the merger of BB&T (Branch Banking and Trust Company) and SunTrust Banks. [1] [7] [8] Its bank operates 2,781 branches in 15 states and Washington, D.C., offering consumer and commercial banking, securities brokerage, asset ...
An Act to define bank holding companies, control their future expansion, and require divestment of their nonbanking interests. The Bank Holding Company Act of 1956 ( 12 U.S.C. § 1841, et seq.) is a United States Act of Congress that regulates the actions of bank holding companies . The original law (subsequently amended), specified that the ...
Huntington Bank location in Springboro, Ohio. Huntington's Weatherball in Flint, Michigan, built in 1956 by Citizens Bank, the former building owner. Huntington Bancshares Incorporated is an American bank holding company headquartered in Columbus, Ohio.
Many of the largest banks in the world are part of larger bank holding companies. This structure allows them to offer various financial services, making them more resilient and competitive in the global market. [4]
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded by the merger of NationsBank ...