Wednesday, June 24, 2009

 

Survey: Bank-owned life insurance assets hit $126B in ’08

712 top-tier bank holding companies reported BOLI assets, up from 696 in 2007

Bank-owned life insurance assets ballooned to $126.1 billion last year, up 5% from $120.1 billion in 2007, according to recent research from Michael White Associates LLC.

The Radnor, Pa.-based firm surveyed yearend 2008 data from 880 top-tier bank holding companies with more than $500 million in assets and 7,495 commercial and savings banks supervised by the Federal Deposit Insurance Corp...

Investment News: Survey: Bank-owned life insurance assets hit $126B in ’08

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