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Article: Where Community Banks Are Losing Out.
- Article from:
- Bank Investment Consultant
- Article date:
- February 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Community banks' brokerage performance remained stable last year, but they continue to lag the larger banks in apples-to-apples measures of success, according to Michael White-LPL Financial Institution Services Community Bank Investment Programs, a Dec. 21 report.
The report aggregates information from community banks with assets under $4 billion, or 7,563 banks. Of those banks, 1,703, or 22.5%, provide retail investment services. The FDIC only started releasing a more complete set of data in the first quarter of last year, making year-over-year comparisons impossible, but other data containing just mutual fund and annuity income suggests that community banks are ...