1 Thought on Which bank in your opinion has the best commercial/business banking ?? and why???
  1. Reply
    NJ Gold
    November 6, 2012 at 10:53 pm

    Soverign Bank and Wachovia.

    Sovereign Bancorp, Inc. operates as the holding company for Sovereign Bank that provides commercial banking services in the United States. The bank engages in the generation of deposits and origination of loan products through its network of community banking offices located in eastern Pennsylvania, New Jersey, New York, New Hampshire, Massachusetts, Connecticut, Rhode Island, and Maryland. Its deposit products include demand and NOW accounts, customer repurchase agreements, savings accounts, retirement savings plans, money market accounts, and certificates of deposits. The bank’s loan products comprise small business and middle market commercial loans, multi-family loans, residential mortgage loans, home equity lines of credit, and auto and other consumer loans. It also provides cash management and capital markets services, as well as asset-backed lending products, commercial real estate loans, automobile dealer floor plan loans, and leases to commercial customers. As of December 31, 2006, the bank operated approximately 800 community banking offices and 2,000 ATMs. Sovereign Bancorp was founded in 1984 and is headquartered in Philadelphia, Pennsylvania.



    Wachovia Corporation, a financial holding company, provides commercial and retail banking services, and other financial services in the United States and internationally. Its deposit products include noninterest-bearing deposits, savings and NOW accounts, money market accounts, and other consumer time deposits. The company’s loan portfolio comprises commercial, financial, and agricultural loans; real estate construction and mortgage loans; lease financing; and real estate secured, student, and installment loans. Wachovia Corporation also offers various corporate and investment banking services, including corporate lending, investment banking, and treasury and international trade finance services; wealth management services comprising private banking, personal trust, investment advisory services, charitable services, financial planning, and insurance brokerage; and capital management products and services consisting of retail brokerage services, which encompasses retail brokerage and annuity and reinsurance businesses, and asset management, which includes mutual funds, customized advisory services, and defined benefit and defined contribution retirement services. As of November 19, 2007, it operated 3,400 retail financial centers in 21 states in the United States, as well as 40 offices internationally. The company was founded in 1879 and is headquartered in Charlotte, North Carolina.



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