Lake City Alliance Bank

The Bank of the United States was designed to make money and build an economy. It was designed by men like Alexander Hamilton and Robert Morris, but did not benefit the common citizen as much as wealthy investors. Why did a fledgling government need to borrow millions from overseas in order to invest in a “national” bank, to turn around and then borrow the same money back and pay interest on it? The banking system developed by Alexander Hamilton and Robert Morris was prime pickings for speculators, and laid the groundwork for a history of unscrupulous activity regarding our nation’s money supply that continues to this day. The signatures on the Constitution were barely dry before corruption and

1. Visit the website of a large national bank, regional bank, or credit union, and use the information you find there to answer the questions below. EXAMPLE: Some large banks you might consider include Bank of America®, JPMorgan Chase®, Wells Fargo®, Citibank®, and U.S. Bank®.

Which of the two banks or credit unions that you researched would you be most likely to choose to open an account with? Why? (2-4 sentences. 2.5 points)

The organization selected for analysis and evaluation is American Lake Credit Union. This organization is composed of two main branches, both located in Tacoma, Washington. In contrast to banks, Credit Unions are smaller organizations and are directed by members who are selected via a vote to serve in an all-volunteer board of directors for the organization (Scott, and Johnston, p.2, 2011). Specifically, this credit union was founded in 1948 and has grown since then. (C. Fitzer, personal communication April 7, 2014). For instance, although the organization is small in size through a partnership with a credit union network, it is able to provide general financial services at diverse locations

User Submissions. All information submitted to Credit Union via this site shall be deemed and remain the property of ABC Credit Union and Credit Union shall be free to use, for any purpose, any ideas, concepts, know-how or techniques contained in information you provide to this site. ABC

1. Convenience, convenience and convenience, TD bank advertises itself as “America’s most convenience bank” by providing 7-day branch banking with extended hours. They are also open on a few federal holidays1! Some of the locations build with the 24/7 drive-up ATMs2. In this internet and mobile era, the online services and on-the-go app of course one of the big focus of the bank to provide services anywhere, anytime. TD also developed and produced localized video (https://youtu.be/zG_QTAw4pXo?list=PLAUebPDeAbs33hS58wRIKfMibNuEutqgE) to list out its

IntroductionLinda Best, a Certified Financial Planner (CFP) from Sarnia, Canada is the founder and sole shareholder of Best Financial Services Inc. which was established on January 1, 2001. Sarnia, the largest city in South Ontario, bordered the United States and was heavily populated with aging baby boomers and blue-collar workers. Best Financial earned its revenues mainly from blue-collar workers nearing retirement. Best financial had formed strong relationships with many clients throughout Sarnia and managed over 1000 financial plans allowing a steady revenue and profit growth. The key services provided by Best Financial are risk management, tax preparation and professional money management. The company’s Assets under Management were

AmeriTrust Bank is a very known southern bank. It is amongst the top 20 banks in the United States and the top 20 financial institutes in Florida. The bank is 126 years old forming in 1891, at the time it was known as Trust of Georgia. It was granted a charter by Georgia General Assemble, it was founded by a group of men that named the bank Trust of Georgia after restructuring itself as a trust company. The Predecessor of AmeriTrust was founded in 1911 as the people’s Local Bank. In 1920 it became The First Local Bank but due to the Great Depression it failed in the 1930’s. Reorganizing itself in 1934 as The First National Bank at Orlando and in the 1970’s it merged with other Orlando Banks to become Ameri Bank.

U.S. Trust, Bank of America Private Wealth Management (formerly known as U.S. Trust Corporation) was founded in 1853 and is currently one of the nation’s oldest and largest investment and wealth management firms. Prior to becoming a subsidiary of Bank of America, N.A., U.S. Trust was acquired by Charles Schwab, and Co. Before and after the acquisition by Charles Schwab, and Co, U.S. Trust expanded its operations into many new local markets making it one of the largest fiduciary standard investment management firms to have offices in a significant number of local markets. The expansion into these markets was precipitated by the realization that many markets with substantial wealth were being underserved. From Wichita, Kansas, where clients had generational farms and oil and gas wealth, to Phoenix, Arizona, where clients were moving for retirement, U.S. Trust had dedicated offices in many regions in order to have a presence in underserved markets in the wealth management industry.

Very profitable on the long run as the potential customer base is very large. Plus the premium image of the bank should be attractive for middle class households looking for status.

a. Compute the single indirect cost allocation rate that the bank would use to allocate the total indirect costs presented in Exhibit B. (Total indirect costs/total value of checks processed, in thousands)

Established in 1825, Liberty Bank is Connecticut’s oldest mutual bank, with more than $3.5 billion in assets and over $500 million in capital. Throughout the central, eastern, and shoreline areas of the Connecticut, Liberty Bank has grown to 49 banking offices. Liberty Bank is a full-service financial institution that offers home mortgages, insurance, investment services as well as consumer and commercial banking finance products. Liberty Bank has been rated outstanding for commitment providing superior personal service and unmatched community involvement. For the first time, Liberty Bank also introduced itself in Fairfield County with a brand-new adjustable-rate mortgage product suited to home buyers in this market, generating over $100 million in closed loans. Overall, Liberty Bank picked up a record-breaking 10,926 new households in 2013. Liberty Bank will also be partnering with Fannie Mae’s and their new

Through June 2007, the Bank was localized to Lubbock, TX, operating with 2 bank branches serving Lubbock County. To date, the Bank encompasses three additional counties including Lynn, Scurry and Mitchell counties and has expanded to 8 branches. Additionally, the Bank has expanded its Mortgage presence from 3 locations to 6 locations since 2007. The Banks primary objective is to maximize shareholder value through customer acquisitions, strong margins, bank acquisitions and eventually a sale to a larger institution. Management’s primary strategic goal is to achieve a target of $1 billion in assets.

- Is based in Hong Kong, where the bank’s business has been physically conducted, and with a large network of branches in Asia, a very large London branch office, and several US branches, plus a subsidiary bank in California and a representative office in New York.

Clients are more and more oriented to the more rentable channels like internet and ATMs. Virtual banks consequently deliver a lot of services but only through internet that allow to reduce costs in occupancy and salaries in order to offer better rates of interest (to 3 times better than averages). Virtual low-costs positioned banks compete against other virtual banks with good customer service, in-house costumer data and service center operations, strong management teams, a good mix of attractively priced products, and low marketing costs. It’s a price competition which includes lower margins directly.