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Article: Small Bank Deals Broaden Raymond James' Horizons.(Raymond James Financial Services )(Brief Article)
- Article from:
- American Banker
- Article date:
- February 12, 2002
- Author:
CopyrightCOPYRIGHT 2002 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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With large and midsize banks choosing to build their own investment services units, Raymond James Financial Services has targeted community banks to expand distribution of its investment products nationwide.
Since Jan. 1 the St. Petersburg, Fla., asset manager has established 24 sites in community banks. Early this month, it announced five sites at four community banks -- Rushville, Ill.'s Union Bank; Mount Airy, Md.'s Farmers and Mechanics Bank; Cary, N.C.'s Capital Bank Investment Services Inc.; and Channelview, Tex.'s Woodforest National Bank, which has two.
These arrangements give the firm 253 partnerships with banks that have $250 million to $2 ...
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