Regional banks delve into the wealth-management business

10/18/2010 | Reuters

Regional banks are adjusting to increased regulations and slower loan growth by diversifying into the wealth-management business. Banks such as Associated Bancorp and Fulton Financial are aiming to tap into the almost $11 trillion held by wealthy Americans. Comerica, PNC Financial, Marshall and Ilsley, Regions Financial and other lenders have successful wealth-management practices, making their employees recruitment targets from smaller regional banks.

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