Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Table: Who To Bank On


Frontier -- In Box

TABLE: Who to Bank On

How are the nation's banking behemoths treating small business? To find

out, the Small Business Administration reviewed the 1998 lending practices of

the country's 57 largest banks (those with assets greater than $10 billion),

assigning each a "friendliness" score. The envelope please...

MOST FRIENDLY BANKS SMALL BUSINESS

BANK LOCATION

1. NORWEST CORP. Minneapolis

2. BB&T CORP. Winston-Salem, N.C.

3. SOUTHTRUST CORP. Birmingham, Ala.

4. WELLS FARGO & CO. San Francisco

5. FIRSTAR CORP. Milwaukee

LEAST FRIENDLY BANKS*

47. BANKERS TRUST New York

46. J.P. MORGAN New York

45. STATE STREET CORP. Boston

44. REGIONS Birmingham, Ala.

FINANCIAL CORP.

43. REPUBLIC NEW YORK New York

MOST FRIENDLY BANKS SMALL BUSINESS

LOANS AS % SMALL TOTAL

OF BUSINESS BUSINESS BANK ASSET

BANK LENDING (97-98) LOAN GROWTH GROWTH

1. NORWEST CORP. 57% 16% 5%

2. BB&T CORP. 59 27 33

3. SOUTHTRUST CORP. 40 32 19

4. WELLS FARGO & CO. 28 8 -6

5. FIRSTAR CORP. 40 3 3

LEAST FRIENDLY BANKS*

47. BANKERS TRUST 0.3% -49% 37%

46. J.P. MORGAN 2 80 21

45. STATE STREET CORP. 2 5 11

44. REGIONS 5 -89 22

FINANCIAL CORP.

43. REPUBLIC NEW YORK 15 -3 10

*THERE ARE ONLY 47 RANKED POSITIONS BECAUSE OF TIES.

DATA: SMALL BUSINESS ADMINISTRATION OFFICE OF ADVOCACY


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus