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Article: Community Banks Gain Ground in Brokerage.
- Article from:
- Bank Investment Consultant
- Article date:
- April 1, 2005
- Author:
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Brokers in community banks with assets under $4 billion averaged $22,710 in gross commissions in the fourth quarter of 2004, up 5% from the third quarter and up 6% year-over-year. With trailers factored in, community banks' brokerage revenues rose in the fourth quarter of 2004 to $870 per $1 million in retail deposits, up 9% over third-quarter figures, according to a new report by Kenneth Kehrer Associates and Raymond James.
This is a "high watermark" for community bank brokerage efforts, the revenues from which have grown 26% year-over-year, according to the report. Raymond James works with some 240 community banks in total, although not all of the 60 banks that ...