One segment of the banking sector should be able to dodge the microscope: regional banks.
These smaller banks won’t face the regulations and restrictions the big banks might, giving them more appeal than ever. In fact, two regional banks that that stuck to their traditional business throughout the financial crisis turned in healthy results for the last quarter of a tumultuous year in the banking industry, reports Matthius Rieker for CNN Money. [What are the perks of regional banks?]
U.S. Bancorp (NYSE: USB) and M&T Bank Corp. (NYSE: MTB) remained conservative and even-keel through the financial crisis and are enjoying raised revenue.
For more stories about regional banks, visit our regional banks category.
- iShares Dow Jones U.S. Regional Banks (NYSEArca: IAT): MTB is 2.1%; USB is 17.8%
