Private Banking Industry Overview

Companies that provide personalized banking services, including deposits, lines of credit, securities brokerage, and management of stocks, bonds, real estate, mutual funds, and other assets on behalf of wealthy clients.

Full Private Banking Industry Description

Industry Consolidation

In the past 10 years, the number of commercial banks in the US dropped by almost 30 percent. Large economies of scale in banking operations have encouraged consolidation, which has produced several dozen very large banks with more than $50 billion in assets. Smaller banks are still able to thrive by providing personal attention smaller customers don't get from large institutions.

Full Private Banking Industry Trends

• Adam & Company plc
• Arbuthnot Latham & Co., Limited
• BNP Paribas Banque Privée

View more Private Banking Competitors

Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Private Banking maps to a number of NAICS codes including:

Full Private Banking Industry Codes

• America's Community Bankers
  
• American Bankers Association
  
• ATM Industry Association
  

View more Private Banking Industry Associations