Current Table

TEN LARGEST BANKS AND THRIFTS CONTROLLED BY INSURANCE COMPANIES, BY DEPOSITS, 2012 (1)

($ millions)

Rank Parent company Bank Bank assests Bank deposits
1 USAA USAA FSB (2) $55,451 $49,718
2 MetLife MetLife Bank NA 25,667 10,478
3 State Farm State Farm Bank FSB 14,455 9,667
4 Ameriprise Ameriprise Bank FSB 5,333 4,899
5 Mutual of Omaha Mutual of Omaha Bank 5,867 4,864
6 Nationwide Mutual Nationwide Bank 4,703 3,569
7 Principal Financial Principal Bank 2,401 2,178
8 Prudential Financial Prudential Bank & Trust FSB (3) 1,993 1,687
9 UnitedHealth OptumHealth Bank Inc. 2,127 1,588
10 First American Corp. First American Trust FSB 1,487 1,344

(1) As of March 31, 2012.
(2) Includes USAA Savings Bank and USAA FSB.
(3) TCF Bank assumed approximately $778 million of deposits from Prudential Bank & Trust FSB as of June 2, 2012.

Source: SNL Financial LC.

 
TEN LARGEST THRIFTS OWNED BY INSURANCE COMPANIES BY ASSETS, 2009

($000, end of year)

 Rank Parent company Subsidiary Subsidiary total assests Subsidiary total deposits
1 ING Groep N.V. ING Bank, FSB       $90,293,933       $75,084,509
2 USAA Insurance Group USAA Federal Savings Bank 37,922,355 33,556,838
3 State Farm Mutual Automobile Insurance Company State Farm Bank, FSB 16,157,711 10,455,769
4 Mutual of Omaha Insurance Company Mutual of Omaha Bank 4,109,578 3,366,025
5 Nationwide Mutual Group Nationwide Bank 3,206,002 2,448,302
6 Principal Financial Group, Inc. Principal Bank 2,376,140 2,186,153
7 Prudential Financial, Inc. Prudential Bank & Trust, FSB 1,785,822 1,527,892
8 UNIFI Mutual Holding Company Acacia Federal Savings Bank (MHC) 1,387,290 961,561
9 Allstate Corporation Allstate Bank 1,210,623 1,095,094
10 American International Group, Inc. AIG Federal Savings Bank 1,127,943 973,682

Source: SNL Financial LC.

 
TEN LARGEST THRIFTS OWNED BY INSURANCE COMPANIES BY ASSETS, 2010

($000, end of year)

Rank Parent company Subsidiary Subsidiary total assests Subsidiary total deposits
1 ING Groep N.V. ING Bank FSB $87,804,525 $77,666,241
2 United Services Automobile Association USAA Federal Savings Bank 44,720,014 39,887,741
3 MetLife Inc. MetLife Bank National Association 16,309,974 10,316,666
4 State Farm Mutual Automobile Insurance Co. State Farm Bank FSB 15,117,941 9,380,612
5 United Services Automobile Association USAA Savings Bank 14,444,489 703,203
6 Mutual of Omaha Insurance Co. Mutual of Omaha Bank 4,876,840 3,996,612
7 Nationwide Mutual Group Nationwide Bank 3,942,789 2,824,101
8 Ameriprise Financial Inc. Ameriprise Bank FSB 3,862,039 3,547,022
9 Principal Financial Group Inc. Principal Bank 2,408,485 2,219,338
10 Prudential Financial Inc. Prudential Bank & Trust FSB 2,035,472 1,757,227

Source: SNL Financial LC.