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Wednesday, Oct 4, 2023

EXECUTIVE SUMMARY / THE PACESETTER – Other Banks Serving the Valley

EXECUTIVE SUMMARY There were some changes among national banks this year. Wachovia Bank was purchased by Wells Fargo in 2008, effectively combining last year’s no. 4 and 5 rankings. Chase Bank, Bank of America and CitiBank maintained their top 3 positions while El Centro’s Rabobank overtook First Bank and California Bank & Trust lead Banco Popular North America. – By Josh Dausch THE PACESETTER Since acquiring Washington Mutual in 2008, Chase Bank has exploded into the Valley with 76 local branches. Despite having less than Wells Fargo’s 85 local branches, Chase’s first quarter report of $1.7 trillion in assets still placed it as no. 1 in this year’s List. Though still new to the region, Chase plans on adding hundreds of branches in addition to the 700 already serving California. – By Josh Dausch Download the 2010 SFV’s OTHER BANKS SERVING THE VALLEY list (pdf)

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