Terrorism Tomorrow: The Impact on You, your Money, and your Life Presented by: David E. Sparks
May 11, 2006
Suite 104 ● 2 West Liberty Blvd. ● Malvern, PA 19355 610.280.7100 ● www.fpbk.com
Leading Banking Organizations in Philadelphia and New Jersey in 1980 • • • • • • • •
First Pennsylvania Bank Girard Bank Fidelity Bank Philadelphia Nat’l Bank Provident Nat’l Bank Central Penn Nat’l Bank Industrial Valley Bank Continental Bank
• • • • • • •
Meridian Bank PSFS Western Savings Bank Midlantic Banks Inc First Fidelity Bank Summit Howard Savings Bank
May 11, 2006
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Commercial Banks and Thrifts In 1975: 14,384 901 March 31, 2006:
7,500 1,300 161 93
Banks in the US Banks in PA Banks in the US Thrifts in the US Banks in PA Thrifts in PA
Total De Novo Bank charters since 1995: Total De Novo Thrift charters since 1995:
1,364 131 1,495
Source: FDIC
May 11, 2006
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Largest Banking Institutions in the US on December 31, 2005 TOTAL ASSETS ($ billions)
CITIGROUP
1,494
BANK OF AMERICA
1,354
J.P. MORGAN
1,199
WACHOVIA
521
WELLS FARGO
482 May 11, 2006
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Source: FDIC
Leading Banking Organizations in Philadelphia and New Jersey in 1980 • • • • • • • •
First Pennsylvania Bank Girard Bank Fidelity Bank Philadelphia Nat’l Bank Provident Nat’l Bank Central Penn Nat’l Bank Industrial Valley Bank Continental Bank
• • • • • • •
Meridian Bank PSFS Western Savings Bank Midlantic Banks Inc First Fidelity Bank Summit Howard Savings Bank
May 11, 2006
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Selected Smaller Banks Operating in the Philadelphia / New Jersey Marketplace in 1980 TOTAL ASSETS ($ millions)
Beneficial Savings Bank Fulton Financial Susquehanna Univest Corp. National Penn
1980 1,594 447 254
2005 2,389 12,407 7,466
216 181
1,769 4,601
Ephrata Nat’l Bank
98
578
Bryn Mawr Bank
83
727
First Chester County Corp.
81
845
Harleysville Nat’l
78
3,117
Downingtown Nat’l Bank
65
474
Commerce Bank, NA
61
34,737
Harleysville Savings (1981)
50
767
Royal Bank
16
1,279
May 11, 2006
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Source: Danielson Associates
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New Banks Chartered in Southeastern PA and New Jersey 2000-2005 Year 2005
Name First Resource First Priority Valley Green Continental (thrift)
Location Exton Malvern Philadephia Plymouth Meeting
2004
Penn Liberty Bucks County Meridian
Wayne Doyelstown Berwyn
2003
Affinity Berkshire Liberty Bell
Wyomissing (Reading) Wyomissing (Reading) Cherry Hill, NJ
2001
Embassy Bank Earthstar Inter State Net First Cornerstone
Bethlehem Southampton Cherry Hill King of Prussia
May 11, 2006
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Source: Danielson Associates
New Banks Chartered Nationwide 2000-2005
Total De Novo Banking Charters Total De Novo Savings Institutions
2000-2005(1) 2000-2005(1)
Total New Charters
FDIC Insured Branches – 50 States & DC(2)
May 11, 2006 (1) (2)
811 78 889
2004: 2005:
82,387 84,082
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Source: American Bankers Association Source: FDIC
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