Skip Header

Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank



Home > News & Events > Speeches & Testimony




Speeches & Testimony

Statement of Sheila C. Bair, Chairman, Federal Deposit Insurance Corporation on H.R. 698, The Industrial Bank Holding Company Act of 2007; before the Committee On Financial Services; U.S. House of Representatives; Room 2128, Rayburn House Office Building
April 25, 2007

Industrial Loan Companies
(Financial Data as of December 31, 2006 in $ millions)
Cert Insured Institution Total Assets Total Deposits State Parent
27374 10/31/1988 MERRILL LYNCH BANK USA 67234.7 54805.3 UT Merrill Lynch
57565 9/15/2003 UBS BANK USA 22009.1 19269.6 UT UBS AG
27471 3/20/1989 AMERICAN EXPRESS CENTURION BANK 21096.8 4446.2 UT American Express
32992 5/25/1990 MORGAN STANLEY BANK 21019.8 16555.4 UT Morgan Stanley
57803 8/2/2004 GMAC BANK 19937.0 9910.4 UT Cerberus/GMAC
25653 9/24/1984 FREMONT INVESTMENT & LOAN 12915.1 10089.5 CA Fremont General Corporation
57485 7/6/2004 GOLDMAN SACHS BANK USA 12648.9 11019.6 UT Goldman Sachs
34351 9/27/1996 USAA SAVINGS BANK 5825.6 314.2 NV USAA Life Company
57529 4/1/2003 CAPMARK BANK 3773.9 2880.3 UT Capmark Financial Group / GMAC
58009 8/24/2005 LEHMAN BRO. COMMERCIAL BANK 3224.7 2633.5 UT Lehman Brothers Holdings Inc.
35575 10/20/2000 CIT BANK 2829.5 2312.1 UT CIT Group
35141 11/12/1999 BMW BANK OF NORTH AMERICA 2219.8 1591.0 UT BMW Group
33778 2/12/1993 GE CAPITAL FINANCIAL INC 1991.8 218.3 UT GE (General Electric)
33535 12/16/1991 ADVANTA BANK CORP 1958.2 1374.3 UT Advanta
57833 8/2/2004 BEAL SAVINGS BANK 1916.2 81.6 NV Beal Financial Corporation
25667 10/5/1984 FIRESIDE BANK 1382.4 1162.7 CA Unitrin, Inc.
34519 9/22/1997 MERRICK BANK 1032.4 813.3 UT CardWorks, LP
34697 6/1/1998 WRIGHT EXPRESS FINL SERVICES 815.6 622.0 UT Wright Express
32707 11/3/1989 CENTENNIAL BANK 761.8 621.5 CA Land America Financial Group
25158 6/4/1984 FINANCE FACTORS, LTD 672.9 487.4 HI Finance Enterprises
57225 1/10/2002 VOLKSWAGEN BANK USA 665.3 488.4 UT Volkswagen
34599 1/16/1998 PITNEY BOWES BANK INC 644.0 516.6 UT Pitney Bowes
33493 8/29/1991 TAMALPAIS BANK 501.8 369.8 CA Epic Bancorporation
34781 10/1/1998 TRANSPORTATION ALLIANCE BK 483.2 406.8 UT Flying J, Inc.
58001 9/29/2005 MAGNET BANK 458.7 406.3 UT No affiliation
58177 11/28/2005 SALLIE MAE BANK 438.9 293.3 UT Sallie Mae
35260 11/12/1999 REPUBLIC BANK INC 437.5 378.3 UT No affiliation
57408 7/21/2003 EXANTE BANK 391.3 295.7 UT UnitedHealth Group
26363 9/10/1985 COMMUNITY COMMERCE BANK 343.3 227.0 CA TELACU
27330 8/26/1988 SILVERGATE BANK 336.4 207.0 CA Silvergate Capital
57449 12/22/2003 MEDALLION BANK 309.5 258.3 UT Medallion Financial
34820 4/3/2000 SECURITY SAVINGS BANK 278.8 172.2 NV Stampede Capital LLC
32743 1/22/1990 CIRCLE BANK 204.3 131.0 CA New West Bancshares
57570 12/1/2003 WORLD FINANCIAL CAPITAL BANK 193.4 123.9 UT Alliance Data Systems
57542 8/16/2004 TOYOTA FINANCIAL SAVINGS BANK 175.6 27.6 NV Toyota
26704 7/3/1986 BALBOA THRIFT & LOAN ASSN 173.4 155.5 CA Hafif Bancorporation
91005 11/5/1985 5 STAR BANK 165.7 130.6 CO Armed Forces Benefit Association
26271 6/3/1985 HOME BANK OF CALIFORNIA 164.6 110.6 CA La Jolla Savers and Mortgage Fund
90017 7/21/1987 FIRST FINANCIAL BANK 148.0 31.2 CO First Data Corp.
57293 6/3/2002 ENERBANK 147.3 126.2 UT CMS Energy
27539 6/28/1989 FIRST SECURITY THRIFT CO 140.7 78.8 CA First American Corp
26615 2/25/1986 GOLDEN SECURITY BANK 134.0 109.2 CA No affiliation
25870 12/17/1984 FINANCE & THRIFT CO 119.0 95.6 CA F&T Financial Services, Inc.
25803 12/17/1984 RANCHO SANTA FE TH & L ASSN 99.1 69.1 CA Semperverde Holding Company
57056 3/1/2001 CELTIC BANK 95.5 77.6 UT Celtic Investment, Inc.
32908 2/16/1990 TUSTIN COMMUNITY BANK 56.4 45.9 CA No affiliation
32907 3/23/1990 THE MORRIS PLAN COMPANY 55.4 41.5 IN First Financial Corporation
90040 9/28/1987 HOME LOAN INDUSTRIAL BANK 53.9 43.2 CO Home Loan Investment Company
57962 8/1/2005 ALLEGIANCE DIRECT BANK 38.3 30.6 UT Leavitt Group Enterprises, Inc.
35228 11/3/1999 ESCROW BANK USA 34.9 1.0 UT Capmark Financial Group / GMAC
26755 8/7/1986 MINNESOTA 1ST CREDIT & SVG INC 25.6 18.8 MN Minnesota Thrift Company
34313 8/25/1997 EAGLEMARK SAVINGS BANK 24.5 1.5 NV Harley-Davidson
58148 1/26/2006 LCA BANK CORPORATION 18.5 13.1 UT Lease Corporation of America
34404 5/15/1997 WEBBANK 15.9 7.6 UT Steel Partners II, LP
35533 10/5/2000 FIRST ELECTRONIC BANK 14.2 8.2 UT Fry's Electronics
57769 9/27/2004 TARGET BANK 14.2 8.4 UT Target Corporation
34549 9/22/1997 AMERICAN SAVINGS INC 3.9 1.8 MN Waseca Bancshares
35400 1/12/2001 TRUST INDUSTRIAL BANK 2.7 0.6 CO FISERV

 

Last Updated 4/25/2007 communications@fdic.gov

Skip Footer back to content