money center bank


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Money Center Bank

A large commercial bank in a major city. Smaller banks use the interest rates and business practices of money center banks to influence their own. For that reason, money center banks are considered leaders (at least regionally). They are also called money market center banks.

money center bank

References in periodicals archive ?
Cuts in dividends, along with reduced provisioning for loans to developing countries, enabled money center banks to bolster their capital positions with retained earnings.
In 1989, however, fewer large regional banks and only half the money center banks showed negative income, and losses attributable to international operations offset only one-fourth of domestic net income.
These developments notwithstanding, money center banks continue to be heavily involved in the C&I loan business.
The transaction was significant, Flexnet said, not only because a construction loan of this size has not been seen for some time, but because it involved four major money center banks from beginning to end.
Its membership - which includes community, regional and money center banks and bank holding companies, as well as savings associations, trust companies and savings banks - makes ABA the largest bank trade association in the country.
Software Alliance is a leading independent provider of consulting, integration services and software, serving financial institutions from community banks to money center banks.
APAM has approximately $3 billion under management, invests in portfolios of fixed-income securities for pension funds, money center banks and other institutions.
One of the nation's largest money center banks is now using DDS to link six data centers stretching from New York to Florida.
The amount of interest in our products from banks ranging in size from money center banks to community banks is extremely rewarding and validates our commitment to and investment in the iLINK platform," Kasik said.
At United American Bank, I'm able to offer clients financial products that are unique to a small and flexible business bank, while at the same time providing comprehensive offerings such as trust services, which are typically offered by large money center banks.
The Bank has professional banker's strategically positioned at offices in Danville and Pleasanton and offers additional depository access with internet-based cash management products, its courier service and correspondent relationships with money center banks.
The Open Custody SMA gives these institutions the tools to compete more effectively against wire-house brokers and money center banks for high-net worth and middle market institutional assets.