SNL Financial (www.snl.com) exclusively tracks market share on a pro forma basis, accounting for pending and completed mergers.
Among other highlights from SNL's pro forma analysis of the FDIC's 2007 summary of deposits: Wachovia returned to No. 3 in the deposit rankings with 5.86% of U.S. market share, after
falling behind Wells Fargo & Co. in 2006. JPMorgan Chase & Co. held on to second place with 7.01% of U.S. market share. Capital One's purchase of North Fork Bancorp. Inc. helped
it move into the top 25 this year.
"The release of this data shows that with the recent LaSalle deal, Bank of America is quickly approaching the 10% national market share deposit threshold. The data highlights this fact
and puts BofA under a microscope. We will continue our tracking as we may see BofA divest its branches in slower growth markets in the near future," said Kris Niswander, SNL's senior
industry analyst.
SNL (www.snl.com)
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Services, Insurance, Real Estate and Media & Communications industries. For more information, visit www.snl.com
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