Industrial Banking-Hub Utah

Von Ralf Keuper

Regelmäßig wird der US-Bundesstaat Utah vom Forbes-Magazin zum “Best Place for Business” gewählt. Mit verantwortlich für das gute Abschneiden ist nach Ansicht der Juroren und Kommentatoren die dynamische Bankenszene in Salt Lake City, der Hauptstadt von Utah (Vgl. dazu: A City We Can Bank On).

Downtown Salt Lake is proud to be home to many banks and financial institutions who provide commercial and retail banking and lending services to the community. Goldman Sachs, America First Credit Union, Wells Fargo, Zions Bank and other organizations have their names on buildings or are anchor tenants in one.

Im Jahr 2016 eröffnete America First Credit Union im Zentrum der Stadt ein Innovation Center.:

Designed to be part branch, part learning workshop and part tech playground, it’s a space where America First members, along with the rest of the community, can get hands-on access to state-of-the-art technology and financial systems, learn about new tools and opportunities within the credit union and give real-time feedback about what kind of experience they want to have with the credit union in the future.

Die Region um Salt Lake City bezeichnet sich – in Anlehnung an das Silicon Valley – als “Silicon Slopes”:

In reference to California’s Silicon Valley, Utah’s “Silicon Slopes” encompasses a cluster of information technology, software development, and hardware manufacturing and research firms along the Wasatch Front. In particular, this grouping includes memory process technology companies SanDisk and the Intel/Micron Technology joint venture IM Flash Technologies, video game software development companies EA Sports, and data analysis software including Adobe Systems.

It is one of a growing number of technology communities (List of places with “Silicon” names) and technology centers (List of technology centers) gaining status from their relationship to or similarity with Silicon Valley, California (Quelle: Wikipedia).

Der Bankplatz Utah zeichnet sich durch verschiedene historische Besonderheiten aus. Das betrifft vor allem die sog. Industrial Loan Corporations (Banken mit Anschluss an einen Industriekonzern, wie Autobanken) und die Schlüsselstellung als Risikokapitalgeber:

Utah’s economic stability is also reflected in its history as a center for industrial banks and as a secondary financial hub for investment banks like Goldman Sachs that encourage venture capitalism in the state. Industrial banks, also known as Industrial Loan Corporations (ILCs), are a niche form of banking that is nearly exclusively located in Utah. Examples of Utah ILCs include BMW Bank, Pitney Bowes Bank, and Target Bank. Due to this distinction, Utah is the fourth-largest center for state-chartered banking in the nation, with nearly $280 billion in assets within its borders.]

Weiteres “Alleinstellungsmerkmal” ist die Regulierung:

Utah’s industrial banks began in the early 1900s before Congress passed the Bank Holding Company Act of 1956, which severed the ties between banking and commercial corporations. Utah’s ILCs were grandfathered in, so Utah’s industrial-bank charter is not subject to the Bank Holding Company Act. This means that the ILCs are not regulated by the Federal Reserve; they are overseen by the FDIC and Utah’s Department of Financial Services. This allows the banks to be free from more onerous federal regulation and also allows them to be more responsive to changes in the economy. By providing sound oversight in this area of banking, Utah has built credibility in the marketplace and earned a distinguished reputation in banking. This has helped to create the pro-business climate that is attractive to venture capitalists and start-up technology companies.]

Der Bankenverband Utah gibt regelmäßig den Utah Banker heraus. Ein Beitrag lautet Industrial Banks: What Are They and How Do They Impact the Economy?.

Über die Vorzüge des Industrial Banking:

Industrial banks rely on the economics of specialization and cost-efficient delivery and offer products that typically would be unprofitable for traditional banks, because traditional banks rely on relationship banking and on providing a variety of profitable services to a single consumer. Pitney Bowes Bank helps small business in the purchase of postage
services. Optum Bank, owned by UnitedHealth Group, Inc.,
provides health saving accounts (HSA) and other healthcare financial services. And our own EnerBank USA, owned by CMS Energy Corp., provides attractive payment options for authorized contractors to offer to their customers as a way to pay for their home improvement projects.

Die regionale Verbundenheit, zusammen mit dem entsprechenden Branchenwissen und dem persönlichen Kontakt mit den Kunden sind die Erfolgsfaktoren für den Bankenplatz Utah. Immer noch modern.

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