What is the source of this information?
This website utilizes information from call reports provided to the FDIC. Since the SEC is not the source of information, it is possible results from this website may not match with EDGAR filings.
What is a Certificate (CERT) Number?
A unique number assigned to each depository institution by the Federal Deposit Insurance Corporation (FDIC).
Is it possible for a bank to have multiple CERT numbers?
Yes. In some cases, larger banks will operate multiple banking entities, each of which has its own Federal Deposit Insurance Corporation (FDIC) certificate number.
An example of this is Wells Fargo. Wells Fargo has multiple FDIC certificate numbers because it operates several different banks that are separate legal entities. These include Wells Fargo Bank, National Association; Wells Fargo Bank South Central, National Association; Wells Fargo Bank Northwest, National Association; and Wells Fargo Bank, West, National Association, among others. Each of these entities has its own FDIC certificate number.
Having multiple FDIC certificate numbers allows Wells Fargo to operate multiple banks under a single holding company while still maintaining the separation required by banking regulations. This separation helps to protect depositors by ensuring that the failure of one bank does not affect the other banks within the holding company.
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Information on this site is not investment advice. In no event shall bankdatamining.com be held liable for any damages caused by this content nor is it liable for incorrect information.