Foreign Holding Companies That Majority-Own U.S. Banks

December 14, 2004, 10:08 a.m. EST 1 Min Read

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Foreign Holding Companies That Majority-Own U.S. Banks
Ranked by deposits of those banks on June 30, 2004. Dollars in thousands Published December 14, 2004
Rank	Foreign holding company	Deposits of its U.S. bank(s)			Sole or largest U.S. bank	Stake
Rank	Foreign holding company	June 30	Year earlier	Change	Sole or largest U.S. bank	Stake
1	HSBC Holdings PLC* London	$75,424,199	$61,088,136	23.47%	HSBC Bank USA Buffalo	100%
2	Royal Bank of Scotland Group* Edinburgh	62,404,947	53,935,450	15.7	Citizens Bank Providence, R.I.	100
3	ABN Amro* Amsterdam	58,089,179	55,990,746	3.75	Lasalle Bank Chicago	97
4	Mitsubishi Tokyo Financial Group Tokyo	42,241,317	38,389,990	10.03	Union Bank of California San Francisco	62
5	BNP Paribas* Paris	28,056,365	25,096,062	11.8	Bank of the West San Francisco	100
6	Bank of Montreal* Montreal	24,010,514	22,045,161	8.92	Harris Bank Chicago	73
7	Deutsche Bank* Frankfurt	14,703,799	20,821,958	-29.38	Duetsche Bank New York	100
8	UBS AG Zurich	12,574,862	N/A	N/A	UBS Bank USA Salt lake City	100
9	Royal Bank of Canada* Montreal	10,964,328	9,130,503	20.08	RBC Centura Bank Rocky Mount, N.C.	N/A
10	Toronto-Dominion Bank Toronto	8,314,701	5,726,521	45.2	TD Waterhouse Bank Jersey City, N.J.	97
11	Israel Discount Bank Ltd. Tel-Aviv	4,740,885	4,487,388	5.65	Israel Discount Bank of New York	95
12	Banco Santander SA Santander, Spain	4,421,352	3,812,387	15.97	Banco Santander Puerto Rico Hato Rey	100
13	Bank Leumi le-Israel BM Tel-Aviv	4,370,667	3,697,337	18.21	Bank Leumi USA New York	60
14	SNBNY Holdings Ltd. Gibraltar	2,999,470	2,894,018	3.64	Safra National Bank of New York	100
15	Incus Co. Ltd.* Road Town, Virgin Islands	2,836,224	2,705,102	4.85	Laredo National Bank Tex.	100
16	Mercantil Servicios Financie Caracas	2,699,159	2,509,151	7.57	Commercebank Coral Gables, Fla	100
17	Banco Bilbao Vizcaya Argenta Bilbao, Spain	2,609,027	2,648,844	-1.5	Banco Bilbao Vizcaya Argentina San Juan, Puerto Rico	100
18	Bank Hapoalim Tel-Aviv	2,111,404	1,240,584	70.19	Signature Bank New York	60
19	National Bank of Greece SA Athens	1,950,838	1,647,677	18.4	Atlantic Bank of New York	100
20	Mizuho Holdings Inc.* Tokyo	1,603,893	2,087,681	-23.17	Mizuho Trust & Banking Co. New York	100
21	Chinatrust Commercial Bank Taipei	1,514,551	1,484,197	2.05	ChinaTrust Bank USA Torrance, Calif.	100
22	Sumitomo Mitsui Financial Group Tokyo	1,397,113	955,818	46.17	Manufacturers Bank Los Angeles	100
23	Bank Sinopac Taipei	1,351,155	1,438,498	-6.07	Far East National Bank Los Angeles	64
24	Rabobank Nederland Utrecht	1,048,358	1,050,040	-0.16	Valley Independent Bank El Centro, Calif.	100
25	Bank of Nova Scotia Toronto	1,025,793	1,102,314	-6.94	Scotiabank de Puerto Rico Hato Rey	100
26	Piraeus Bank SA Athens	603,510	280,679	115.02	Marathon National Bank of New York	100
27	Woori Bank Seoul	590,456	333,228	77.19	Woori American Bank New York	100
28	Mitsubishi Trust and Banking Co. Tokyo	544,219	336,985	61.5	Mitsubishi Trust and Banking Corp. USA New York	100
29	Manulife Financial Corp. Toronto	382,020	29,832	1180.57	First Signature Bank and Trust Co. Portsmouht, N.H.	100
30	Delta Investment Co. George Town, Cayman Islands	338,274	393,932	-14.13	Delta National Bank and trust Co. New York	100
31	Canadian Imperial Bank of Commerce Toronto	326,802	298,588	9.45	Juniper Bank Wilmington, Del.	100
32	Banco del Pacifico SA Guayaquil, Ecuador	325,530	231,532	40.6	Pacific National Bank Miami	99
33	Cho-Heung Bank Ltd. Seoul	305,049	240,786	26.69	CHB America Bank New York	100
34	Sumitomo Trust and Banking Co. Osaka	262,753	272,987	-3.75	Sumitomo Trust and Banking Co. USA Hoboken, N.J.	99
35	Grupo Financiero Popular Santa Domingo	258,034	240,212	7.42	BPD International Bank New York	78
36	Bank of East Asia Ltd. Hong Kong	246,223	132,892	85.28	Bank of East Asia USA Alhambra, Calif.	51
37	Caixa Geral de Depositos SA Lisbon	198,271	167,169	18.61	Crown Bank Ocean City, N.J.	100
38	State Bank of India Bombay	105,751	65,594	61.22	State Bank of India Los Angeles	100
39	Federation des Caisses Desjardins du Quebec	91,513	N/A	N/A	Desjardins Bank Hallandale, Fla.	100
40	Australia and New Zealand Banking Group Melbourne	66,992	67,125	-0.2	Amerika Samoa Bank Pago Pago	100
41	National Bank of Canada Montreal	53,125	71,904	-26.12	Natbank Hollywood, Fla.	100
42	Farmington Finance Corp. Road Town, Virgin Islands	5,564	4,617	20.51	Farmington State Bank	100

*Owns or holds majority interest in more than one U.S. bank

Editor's Note: This is a corrected version of a table originally appearing on December 14, 2004. Mitsubishi Tokyo Financial Group holds a 62% interest in the Union Bank of California not a 100% interest.