Bank insurance operations did well during the first 3 quarters.[@@]
Total bank insurance brokerage fee income increased to $2.6 billion for the first 3 quarters of the year, up 21% from the total for the first 3 quarters of 2003, according to a study of Federal Deposit Insurance Corp. data by Michael White Associates L.L.C., Radnor, Pa.
About 46% of more than 8,000 commercial and savings banks studied had some income from insurance brokerage units, according to Michael White.
Results were especially strong at the biggest banks: Insurance brokerage fee income increased 28%, to $1.9 billion, at banks with more than $10 billion in assets.