Jan 31 (Reuters) - Industrial loan companies (ILCs) are a fast-growing U.S. industry of 61 specialty banks, more than half of them in Utah, with combined assets totaling $155 billion. ILCs are state-chartered institutions with broad banking powers that are regulated by the Federal Deposit Insurance Corporation and state banking officials. Because ILCs are not subject to Federal Reserve supervision or the federal Bank Holding Company Act, they can have nonfinancial owners. The FDIC met on ...
Premium Content (PAID Subscription Required)
"FACTBOX-U.S. has 61 ILC banks, mostly in Utah" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.