Broadening Opportunities With A Bank/Thrift Charter
Despite disintermediation and other competitive threats, full-service and limited purpose bank/thrift charters continue to play a vital role in the U.S. economy. Indeed, in addition to traditional banking institutions, more recently insurance companies, securities firms, investment management firms, mortgage companies and other financial service organizations have found that they are able to offer a wide range of complementary, financially accretive financial products and services (including personal trust services, collective investment trusts for 401(k) plans, deposit products (often tied to nonbank brokerage or other cash intensive accounts), and consumer-oriented retail services) through the use of a bank or thrift charter.
