Slideshow Top 10 Fastest-Growing Bank Wealth Management Programs

Published
  • September 16 2014, 4:23pm EDT

Top 10 Fastest-Growing Bank Wealth Management Programs

Wealth management services reeled in record first-quarter revenue for bank and thrift holding companies, generating $35 billion, according to the latest Sorrento Pacific – Michael White Bank Wealth Management Report. Of the 473 wealth management programs on track to earn a minimum of $250,000 this year, 77% showed positive growth from the first quarter of 2013, with 51% growing 10% or more. Here are the top 10 banks whose wealth management programs grew the fastest year-over-year.

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10. Access National Corp. (Va.)

1Q 2014 Wealth Management Fee Income: $439,000
Year-Over-Year Increase: 115%
Bank Assets: $927 million

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9. United Community Bancorp. (Ill.)

1Q 2014 Wealth Management Fee Income: $768,000
Year-Over-Year Increase: 119%
Bank Assets: $1.7 billion

8. Prosperity Bancshares (Tx.)

1Q 2014 Wealth Management Fee Income: $3.1 million
Year-Over-Year Increase: 123%
Bank Assets: $18.9 billion

7. Union First Market Bankshares (Va.)

1Q 2014 Wealth Management Fee Income: $2.7 million
Year-Over-Year Increase: 125%
Bank Assets: $7.3 billion

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6. Platte Valley Financial Services Companies (Neb.)

1Q 2014 Wealth Management Fee Income: $376,000
Year-Over-Year Increase: 131%
Bank Assets: $750 million

5. Meridian Financial Services (Mass.)

1Q 2014 Wealth Management Fee Income: $172,000
Year-Over-Year Increase: 187%
Bank Assets: $2.9 billion

4. Rockville Financial (Conn.)

1Q 2014 Wealth Management Fee Income: $437,000
Year-Over-Year Increase: 206%
Bank Assets: $2.4 billion

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3. CertusHoldings (Ga.)

1Q 2014 Wealth Management Fee Income: $1.0 million
Year-Over-Year Increase: 247%
Bank Assets: $1.6 billion

2. Forcht Bancorp. (Ky.)

1Q 2014 Wealth Management Fee Income: $90,000
Year-Over-Year Increase: 275%
Bank Assets: $940 million

1. Capital Bank Financial Corp. (Fla.)

1Q 2014 Wealth Management Fee Income: $1.3 million
Year-Over-Year Increase: 402%
Bank Assets: $6.5 billion