Top 25 U.S. Banks and S&L Companies in Construction and Land Development Loans

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Top 25 U.S. Banks and S&L Companies in Construction and Land Development Loans
Top 25 U.S. Banks and S&L
Companies in Construction and Land Development Loans

Dollars in thousands
Published February 26, 2002

  Sept. 30, '01  Sept. 30, '00  
1 Bank of America Corp. Charlotte, N.C. $12,175,000 $11,713,000
2 Wells Fargo & Co. San Francisco 7,999,000 5,071,000
3 Bank One Corp. Chicago 6,961,000 6,295,000
4 U.S. Bancorp Minneapolis 6,674,000 4,426,000
5 Wachovia Corp. Charlotte, N.C. 6,177,000 2,525,000
6 KeyCorp Cleveland 6,014,068 5,018,705
7 BB&T Corp. Winston-Salem, N.C. 5,216,501 3,535,911
8 SouthTrust Corp. Birmingham, Ala. 4,651,604 3,929,730
9 Temple-Inland Financial* Diboll, Tex. 4,464,776 3,908,671
10 Regions Financial Corp. Birmingham, Ala. 4,251,129 3,887,080
11 SunTrust Banks Inc. Atlanta 3,704,905 2,884,264
12 Fifth Third Bancorp Cincinnati 3,333,537 1,220,328
13 Washington Mutual Inc.* Seattle 2,958,174 606,457
14 ABN Amro North America Holding Co. Chicago 2,899,410 1,596,866
15 Zions Bancorp Salt Lake City 2,850,726 2,355,385
16 National City Corp. Cleveland 2,764,428 1,370,758
17 FleetBoston Financial Corp. Boston 2,737,000 1,848,000
18 Comerica Inc. Detroit 2,675,133 1,295,882
19 Union Planters Corp. Memphis 2,346,178 1,931,004
20 AmSouth Bancorp. Birmingham, Ala. 2,252,919 1,827,449
21 Compass Bancshares Birmingham, Ala. 2,198,551 1,985,911
22 Colonial BancGroup Inc. Montgomery, Ala. 2,128,974 1,706,198
23 National Commerce Financial Bancorp Memphis 2,080,612 1,845,263
24 Synovus Financial Corp. Columbus, Ga. 1,445,189 1,255,276
25 SGV Bancorp Inc.* W. Covina, Calif. 1,409,936 1,096,894


* Data compiled from the sum of S&L subsidiaries.

Note: Represents total of loans secured by real estate made to finance land development preparatory
to erecting new structures or the on-site construction of industrial, commercial, residential, or farm
buildings. Includes additions or alterations to existing structures and the demolition of existing structures
to make way for new structures. Also includes: loans secured by vacant land, except land known to be used
or usable for agricultural purposes and loans secured by real estate to be used to acquire and improve property,
and loans made under Title I or Title X of the National Housing Act that conform to the definition of construction
stated above and that are secured by real estate. Excludes loans to finance construction and land development that
are not secured by real estate, for domestic offices only.

©2002 American Banker
Source: Thomson Financial/Sheshunoff Information Services (www.sheshunoff.com)