Savings banks and thrifts will not gain any rest over the next five years, with revenue continuing to sink as a result of the subprime crisis and heightened competition. Consumers will continue to place their trust in large commercial banks in light of the number of bank failures that occurred during the recession. While government regulation is expected to increase, it will substantially hurt profit, resulting in a greater number of consolidations and mergers.
The industry includes companies that accept customer deposits and place them into interest-bearing products like savings accounts and certificates of deposit (CDs). Industry operators then loan these deposits at higher interest rates through consumer and business loans and make profit on the difference. This industry only covers companies governed by the Office of Comptroller of the Currency; commercial banks and credit unions are not included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.