Bank holding companies’ sales of insurance products were up 9.6% year-over-year in the first quarter, according to the latest Michael White-Prudential Bank Insurance Fee Income Report.
Bank holding companies sold $3.32 billion worth of insurance in the first quarter, according to Michael White Associates’ analysis of data reported to the FDIC by 7,177 bank holding companies. Some 60.2% of such companies sell insurance.
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