NEW YORK, NY--(Marketwire - Sep 24, 2012) - Regional Banking stocks have been some of the strongest performers in the markets. Recent stimulus measures announced by the U.S. and Europe have helped ease concerns of a global economic slowdown. The SPDR S&P Regional Banking ETF (KRE) has gained roughly 20 percent year-to-date. The Paragon Report examines investing opportunities in the Regional Banking Industry and provides equity research on U.S. Bancorp (
The Federal Deposit Insurance Corp. has urged the banking industry to increase their focus on unbanked Americans. According to numbers from the FDIC's National Survey of Unbanked and Underbanked Households the number of U.S. households that do not use banking services increased by 821,000 from 2009 to 2011. Approximately 8.2 percent of the nation's population manages their finances without the use of bank accounts from financial institutions.
"Insured financial institutions have an important chance to grow their customer base by expanding opportunities that bring unbanked and underbanked individuals into mainstream banking," Martin J. Gruenberg, the acting chairman of the FDIC, said in an e-mailed statement.
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U.S. Bancorp, with $353 billion in assets as of June 30, 2012, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States. The company's Board of Directors recently declared a quarterly dividend of $0.195 per common share, payable October 15, 2012, to shareholders of record at the close of business on September 28, 2012.
Synovus is a financial services company, with more than $27 billion in assets, based in Columbus, Georgia. Synovus' bank divisions provide commercial and retail banking, investment and mortgage services to customers in Georgia, Alabama, South Carolina, Florida and Tennessee. The company reported a 16.1 percent increase in net income for the second quarter of 2012.
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