IBOC » Topics » Competition

These excerpts taken from the IBOC 10-K filed Feb 25, 2009.

Competition

 

The Company is the third largest independent Texas bank holding company.  The primary market area of the Company is South, Central and Southeast Texas, an area bordered on the east by the Galveston area, to the northwest by Roundrock, to the southwest by Del Rio and to the southeast by Brownsville, as well as the State of Oklahoma.  The Company has increased its market share in its primary market area over the last several years through strategic acquisitions.  The Company, through its bank subsidiaries, competes for deposits and loans with other commercial banks, savings and loan associations, credit unions and non-bank entities, which non-bank entities serve as an alternative to traditional financial institutions and are considered to be formidable competitors.  The percentage of bank-related services being provided by non-bank entities has increased dramatically during the last several years.

 

The Company and its bank subsidiaries do a large amount of business for customers domiciled in Mexico, with an emphasis in Northern Mexico. Deposits from persons and entities domiciled in Mexico comprise a large and stable portion of the deposit base of the Company’s bank subsidiaries.  Such deposits comprised approximately 30% of the bank subsidiaries’ total deposits for the three years ended December 31, 2008, 2007 and 2006.

 

Under the Gramm-Leach-Bliley Act (“GLBA”), effective March 11, 2000, banks, securities firms and insurance companies may affiliate under an entity known as a financial holding company which may then serve its customers’ varied financial needs through a single corporate structure.  GLBA has significantly changed the competitive environment in which the Company and its subsidiaries conduct business. The financial services industry is also likely to become even more competitive as further technological advances enable more companies to provide financial services.  These technological advances may diminish the importance of depository institutions and other financial intermediaries in the transfer of funds between parties.

 

Competition

 

The Company is the third largest independent Texas bank holding company.  The primary market area of the Company is South, Central and Southeast Texas, an area bordered on the east by the Galveston area, to the northwest by Roundrock, to the southwest by Del Rio and to the southeast by Brownsville, as well as the State of Oklahoma.  The Company has increased its market share in its primary market area over the last several years through strategic acquisitions.  The Company, through its bank subsidiaries, competes for deposits and loans with other commercial banks, savings and loan associations, credit unions and non-bank entities, which non-bank entities serve as an alternative to traditional financial institutions and are considered to be formidable competitors.  The percentage of bank-related services being provided by non-bank entities has increased dramatically during the last several years.

 

The Company and its bank subsidiaries do a large amount of business for customers domiciled in Mexico, with an emphasis in Northern Mexico. Deposits from persons and entities domiciled in Mexico comprise a large and stable portion of the deposit base of the Company’s bank subsidiaries.  Such deposits comprised approximately 30% of the bank subsidiaries’ total deposits for the three years ended December 31, 2008, 2007 and 2006.

 

Under the Gramm-Leach-Bliley Act (“GLBA”), effective March 11, 2000, banks, securities firms and insurance companies may affiliate under an entity known as a financial holding company which may then serve its customers’ varied financial needs through a single corporate structure.  GLBA has significantly changed the competitive environment in which the Company and its subsidiaries conduct business. The financial services industry is also likely to become even more competitive as further technological advances enable more companies to provide financial services.  These technological advances may diminish the importance of depository institutions and other financial intermediaries in the transfer of funds between parties.

 

Competition



 



The Company is the third largest independent
Texas bank holding company.  The primary
market area of the Company is South, Central and Southeast Texas, an area
bordered on the east by the Galveston area, to the northwest by Roundrock, to
the southwest by Del Rio and to the southeast by Brownsville, as well as the
State of Oklahoma.  The Company has increased
its market share in its primary market area over the last several years through
strategic acquisitions.  The Company,
through its bank subsidiaries, competes for deposits and loans with other
commercial banks, savings and loan associations, credit unions and non-bank
entities, which non-bank entities serve as an alternative to traditional
financial institutions and are considered to be formidable competitors.  The percentage of bank-related services being
provided by non-bank entities has increased dramatically during the last
several years.



 



The Company and its bank subsidiaries do a
large amount of business for customers domiciled in Mexico, with an emphasis in
Northern Mexico. Deposits from persons and entities domiciled in Mexico
comprise a large and stable portion of the deposit base of the Company’s bank
subsidiaries.  Such deposits comprised
approximately 30% of the bank subsidiaries’ total deposits for the three years
ended December 31, 2008, 2007 and 2006.



 



Under the Gramm-Leach-Bliley Act (“GLBA”),
effective March 11, 2000, banks, securities firms and insurance companies
may affiliate under an entity known as a financial holding company which may
then serve its customers’ varied financial needs through a single corporate
structure.  GLBA has significantly
changed the competitive environment in which the Company and its subsidiaries
conduct business. The financial services industry is also likely to become even
more competitive as further technological advances enable more companies to
provide financial services.  These
technological advances may diminish the importance of depository institutions
and other financial intermediaries in the transfer of funds between parties.



 



These excerpts taken from the IBOC 10-K filed Feb 29, 2008.

Competition

        The Company is the third largest independent Texas bank holding company. The primary market area of the Company is South, Central and Southeast Texas, an area bordered on the east by the Galveston area, to the northwest by Roundrock, to the southwest by Del Rio and to the southeast by Brownsville, as well as the State of Oklahoma. The Company has increased its market share in its primary market area over the last several years through strategic acquisitions. The Company, through its bank subsidiaries, competes for deposits and loans with other commercial banks, savings and loan associations, credit unions and non-bank entities, which non-bank entities serve as an alternative to traditional financial institutions and are considered to be formidable competitors. The percentage of bank-related services being provided by non-bank entities has increased dramatically during the last several years.

        The Company and its bank subsidiaries do a large amount of business for customers domiciled in Mexico, with an emphasis in Northern Mexico. Deposits from persons and entities domiciled in Mexico comprise a large and stable portion of the deposit base of the Company's bank subsidiaries. Such deposits comprised approximately 30%, 30% and 28% of the bank subsidiaries' total deposits as of December 31, 2007, 2006 and 2005, respectively.

        Under the Gramm-Leach-Bliley Act ("GLBA"), effective March 11, 2000, banks, securities firms and insurance companies may affiliate under an entity known as a financial holding company which may then serve its customers' varied financial needs through a single corporate structure. GLBA has significantly changed the competitive environment in which the Company and its subsidiaries conduct business. The financial services industry is also likely to become even more competitive as further technological advances enable more companies to provide financial services. These technological advances may diminish the importance of depository institutions and other financial intermediaries in the transfer of funds between parties.

Competition



        The Company is the third largest independent Texas bank holding company. The primary market area of the Company is South, Central and Southeast Texas, an area
bordered on the east by the Galveston area, to the northwest by Roundrock, to the southwest by Del Rio and to the southeast by Brownsville, as well as the State of Oklahoma. The Company has increased
its market share in its primary market area over the last several years through strategic acquisitions. The Company, through its bank subsidiaries, competes for deposits and loans with other
commercial banks, savings and loan associations, credit unions and non-bank entities, which non-bank entities serve as an alternative to traditional financial institutions and
are considered to be formidable competitors. The percentage of bank-related services being provided by non-bank entities has increased dramatically during the last several
years.



        The
Company and its bank subsidiaries do a large amount of business for customers domiciled in Mexico, with an emphasis in Northern Mexico. Deposits from persons and entities domiciled
in Mexico comprise a large and stable portion of the deposit base of the Company's bank subsidiaries. Such
deposits comprised approximately 30%, 30% and 28% of the bank subsidiaries' total deposits as of December 31, 2007, 2006 and 2005, respectively.



        Under
the Gramm-Leach-Bliley Act ("GLBA"), effective March 11, 2000, banks, securities firms and insurance companies may affiliate under an entity known as a financial holding
company which may then serve its customers' varied financial needs through a single corporate structure. GLBA has significantly changed the competitive environment in which the Company and its
subsidiaries conduct business. The financial services industry is also likely to become even more competitive as further technological advances enable more companies to provide financial services.
These technological advances may diminish the importance of depository institutions and other financial intermediaries in the transfer of funds between parties.



This excerpt taken from the IBOC 10-K filed Mar 1, 2007.

Competition

The Company is the second largest independent Texas bank holding company.  The primary market area of the Company is South, Central and Southeast Texas, an area bordered on the east by the Galveston area, to the northwest by Roundrock, to the southwest by Del Rio and to the southeast by Brownsville, as well as the State of Oklahoma.  The Company has increased its market share in its primary market area over the last several years through strategic acquisitions.  The Company, through its bank subsidiaries, competes for deposits and loans with other commercial banks, savings and loan associations, credit unions and non-bank entities, which non-bank entities serve as an alternative to traditional financial institutions and are considered to be formidable competitors.  The percentage of bank-related services being provided by non-bank entities has increased dramatically during the last several years.

The Company and its bank subsidiaries do a large amount of business for customers domiciled in Mexico, with an emphasis in Northern Mexico. Deposits from persons and entities domiciled in Mexico comprise a large and stable portion of the deposit base of the Company’s bank subsidiaries.  Such deposits comprised approximately 30%, 28% and 28% of the bank subsidiaries’ total deposits as of December 31, 2006, 2005 and 2004, respectively.

Under the Gramm-Leach-Bliley Act (“GLBA”), effective March 11, 2000, banks, securities firms and insurance companies may affiliate under an entity known as a financial holding company which may then serve its customers’ varied financial needs through a single corporate structure.  GLBA has significantly changed the competitive environment in which the Company and its subsidiaries conduct business. The financial services industry is also likely to become even more competitive as further technological advances enable more companies to provide financial services.  These technological advances may diminish the importance of depository institutions and other financial intermediaries in the transfer of funds between parties.

This excerpt taken from the IBOC 10-K filed Mar 15, 2006.

Competition

        The Company is the second largest independent Texas bank holding company. The primary market area of the Company is South, Central and Southeast Texas, an area bordered on the east by the Galveston area, to the northwest by Roundrock, to the southwest by Del Rio and to the southeast by Brownsville, as well as the State of Oklahoma. The Company has increased its market share in its primary market area over the last several years through strategic acquisitions. The Company, through its bank subsidiaries, competes for deposits and loans with other commercial banks, savings and loan associations, credit unions and non-bank entities, which non-bank entities serve as an alternative to traditional financial institutions and are considered to be formidable competitors. The percentage of bank-related services being provided by non-bank entities has increased dramatically during the last several years.

        The Company and its bank subsidiaries do a large amount of business for customers domiciled in Mexico, with an emphasis in Northern Mexico. Deposits from persons and entities domiciled in Mexico comprise a large and stable portion of the deposit base of the Company's bank subsidiaries. Such deposits comprised approximately 28%, 28% and 39% of the bank subsidiaries' total deposits as of December 31, 2005, 2004 and 2003, respectively.

        Under the Gramm-Leach-Bliley Act ("GLBA"), effective March 11, 2000, banks, securities firms and insurance companies may affiliate under an entity known as a financial holding company which may then serve its customers' varied financial needs through a single corporate structure. GLBA has significantly changed the competitive environment in which the Company and its subsidiaries conduct business. The financial services industry is also likely to become even more competitive as further technological advances enable more companies to provide financial services. These technological advances may diminish the importance of depository institutions and other financial intermediaries in the transfer of funds between parties.

This excerpt taken from the IBOC 10-K filed Mar 15, 2005.

Competition

        The Company is the second largest independent Texas bank holding company. The primary market area of the Company is South, Central and Southeast Texas, an area bordered on the east by the Houston area, to the northwest by Austin, to the southwest by Del Rio and to the southeast by

6



Brownsville, as well as the State of Oklahoma. The Company has increased its market share in its primary market area over the last seven years through strategic acquisitions. The Company, through its bank subsidiaries, competes for deposits and loans with other commercial banks, savings and loan associations, credit unions and non-bank entities, which non-bank entities serve as an alternative to traditional financial institutions and are considered to be formidable competitors. The percentage of bank-related services being provided by non-bank entities has increased dramatically during the last several years.

        The Company and its bank subsidiaries do a significant amount of business for customers domiciled in Mexico, with an emphasis in Northern Mexico. Deposits from persons and entities domiciled in Mexico comprise a significant and stable portion of the deposit base of the Company's bank subsidiaries. Such deposits comprised approximately 28%, 39% and 41% of the bank subsidiaries' total deposits as of December 31, 2004, 2003 and 2002, respectively.

        Under the Gramm-Leach-Bliley Act ("GLBA"), effective March 11, 2000, banks, securities firms and insurance companies may affiliate under an entity known as a financial holding company which may then serve its customers' varied financial needs through a single corporate structure. GLBA has significantly changed the competitive environment in which the Company and its subsidiaries conduct business. The financial services industry is also likely to become even more competitive as further technological advances enable more companies to provide financial services. These technological advances may diminish the importance of depository institutions and other financial intermediaries in the transfer of funds between parties.

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