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 assets of those banks on June 30, 2004. Dollars in thousands Published December 14, 2004
Rank	Foreign holding company	Assets of the 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	$114,541,024	$94,819,985	20.80%	HSBC Bank USA Buffalo	100%
2	ABN Amro* Amsterdam	107,017,972	111,130,851	-3.7	LaSalle Bank Chicago	100
3	Royal Bank of Scotland Group* Edinburgh	82,641,965	69,872,792	18.3	Citizens Bank Providence, R.I.	100
4	Mitsubishi Tokyo Financial Group* Tokyo	51,621,886	47,997,872	7.6	Union Bank of California San Francisco	62
5	BNP Paribas* Paris	40,829,098	37,181,818	9.8	Bank of the West San Francisco	99
6	Bank of Montreal* Montreal	33,006,075	32,916,296	0.3	Harris Bank Chicago	100
7	Deutsche Bank* Frankfurt	31,696,124	42,103,653	-24.7	Deutsche Bank New York	100
8	Royal Bank of Canada* Montreal	21,491,966	19,093,132	12.6	RBC Centura Bank Rocky Mount N.C.	NA
9	UBS AG Zurich	15,615,177	NA	NA	UBS Bank USA Salt Lake City	64
10	Toronto-Dominion Bank Toronto	9,296,049	6,680,877	39.1	TD Waterhouse Bank Jersey City, N.J.	95
11	Israel Discount Bank Ltd. Tel-Aviv	8,456,389	7,626,097	10.9	Israel Discount Bank of New York	100
12	Banco Santander SA Santander, Spain	7,881,046	6,567,647	20	Banco Santander Puerto Rico Hato Rey	60
13	Bank Leumi le-Israel BM Tel-Aviv	5,490,719	4,906,529	11.9	Bank Leumi USA New York	97
14	Banco Bilbao Vizcaya Argenta Bilbao, Spain	5,376,890	5,355,682	0.4	Banco Bilbao Vizcaya Argentina San Juan, Puerto Rico	100
15	SNBNY Holdings Ltd. Gibraltar	4,040,895	4,108,479	-1.6	Safra National Bank of New York	99
16	Mercantil Servicios Financie Caracas	3,444,759	3,050,461	12.9	Commercebank Coral Gables, Fla.	99
17	National Bank of Greece SA Athens	3,394,063	3,073,765	10.4	Atlantic Bank of New York	100
18	Incus Co. Ltd. Road Town, Virgin Islands	3,332,128	3,476,243	-4.1	Laredo National Bank Tex.	100
19	Mizuho Holdings Inc.* Tokyo	3,088,840	3,781,853	-18.3	Mizuho Trust and Banking Co. New York	100
20	Bank Hapoalim Tel-Aviv	2,680,575	1,499,027	78.8	Signature Bank New York	60
21	Rabobank Nederland Utrecht	2,423,357	1,881,705	28.8	Valley Independent Bank El Centro, Calif.	100
22	Chinatrust Commercial Bank Taipei	1,863,815	1,750,656	6.5	ChinaTrust Bank USA Torrance, Callf.	100
23	Bank Sinopac Taipei	1,684,075	1,708,639	-1.4	Far East National Bank Los Angeles	100
24	Sumitomo Mitsui Financial Group Tokyo	1,641,659	1,195,660	37.3	Manufacturers Bank Los Angeles	100
25	Bank of Nova Scotia Toronto	1,276,786	1,337,381	-4.5	Scotiabank de Puerto Rico Hato Rey	100
26	Mitsubishi Trust and Banking Co. Tokyo	693,232	483,756	43.3	Mitsubishi Trust and Banking Corp. USA New York	100
27	Piraeus Bank SA Athens	674,820	311,746	116.5	Marathon National Bank of New York	78
28	Woori Bank Seoul	660,651	381,501	73.2	Woori American Bank New York	100
29	Manulife Financial Corp. Toronto	478,373	104,812	356.4	First Signature Bank and Trust Co. Portsmouth, N.H.	100
30	Canadian Imperial Bank of Commerce Toronto	437,216	386,269	13.2	Juniper Bank Wilmington, Del.	73
31	Delta Investment Co. George Town, Cayman Islands	385,351	443,880	-13.2	Delta National Bank and Trust Co. New York	100
32	Cho-Heung Bank Ltd. Seoul	361,006	317,077	13.9	CHB America Bank New York	100
33	Banco del Pacifico SA Guayaquil, Ecuador	359,290	273,877	31.2	Pacific National Bank Miami	99
34	Sumitomo Trust and Banking Co. Osaka	357,745	364,241	-1.8	Sumitomo Trust and Banking Co. USA Hoboken, N.J.	100
35	Bank of East Asia Ltd. Hong Kong	342,053	180,687	89.3	Bank of East Asia USA Alhambra, Calif.	100
36	Grupo Financiero Popular Santa Domingo	322,610	284,452	13.4	BPD International Bank New York	97
37	Caixa Geral de Depositos SA Lisbon	242,062	207,867	16.5	Crown Bank Ocean City, N.J.	51
38	State Bank of India Bombay	147,100	104,730	40.5	State Bank of India Los Angeles	100
39	Federation des Caisses Desjardins du Quebec	107,828	NA	NA	Desjardins Bank Hallandale, Fla.	100
40	Australia and New Zealand Banking Group Melbourne	78,437	76,438	2.6	Amerika Samoa Bank Pago Pago	100
41	National Bank of Canada Montreal	72,650	86,312	-15.8	Natbank Hollywood, Fla.	100
42	Farmington Finance Corp. Road Town, Virgin Islands	7,004	6,574	6.5	Farmington State Bank Wash.	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.