Banks' Biggest Clients
March 21, 2013 8:00 AM
Banks often disclose the nature of their largest lending relationships in regulatory filings, and the level of detail is interesting. Here are some notable examples. (Image: Thinkstock)
Cleaning Up
Magyar Bancorp (MGYR) in New Brunswick, N.J., says that its biggest commercial business loan is a $4 million account with "a company that provides janitorial services." (Image: Fotolia)
Higher Education
Westfield Financial (WFD) in western Massachusetts says its largest C&I relationship involves a $20.4 million loan with "a private New England college." (Image: Fotolia)
No Vacancy
The largest commercial mortgage held by Provident Financial Services (PFS) in Jersey City, N.J., is secured by a "378-room, full-service hotel and a 422 car parking garage." (Image: Fotolia)
King of Queens
Talk about attention to detail. Dime Community Bancshares (DCOM) in Brooklyn, N.Y., says its third-largest multifamily residential loan is tied to an eight-story building in the Flushing neighborhood of Queens. (Image: Fotolia)
Black Gold
Banks occasionally disclose the collateral backing their largest loans. Northwest Bancshares (NWBI) in Warren, Pa., says its largest commercial loan - with a $15 million outstanding balance - is secured by "fixed assets of an oil refinery." (Image: Fotolia)
Storage Wars
First Financial Northwest (FFNW) in Renton, Wash., disclosed that its biggest commercial real estate loan involves a self-storage facility in King County, Wash. (Image: Fotolia)
Charter Member
Fox Chase Bancorp (FXCB) in Hatboro, Pa., helped a Philadelphia organization start a charter school, which lead to a $6.8 million commercial construction loan. (Image: Fotolia)
Lights, Camera, Action!
The entertainment industry is the largest segment of City National's (CYN) commercial loan book, at $1.3 billion, though the Los Angeles bank doesn't disclose details on individual clients. (Image: Fotolia)
Space Available
ASB Bancorp (ASBB) in Asheville, N.C., wasn't shy about saying it has multiple loans with its largest client -- $7.6 million secured by "office, manufacturing and warehouse space." (Image: Fotolia)
Move-In Ready
Astoria Financial (AF) is known for single-family lending, but it has been shifting to multifamily loans. Its biggest multifamily loan is for $28 million on a 123-unit apartment building in Manhattan. (Image: Fotolia)
Come Sail Away
Occasionally, banks will offer up details on loans nearing default. OceanFirst Financial (OCFC) in Toms River, N.J., says that its largest nonperforming loan, tied to a marina, is worth $6.3 million. (Image: Fotolia)
