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Financial Holding Corporation history
Financial Holding Corporation company history timeline
In 1984, Capital purchased First Deposit Corporation from Parker Pen Corporation.
However, by 1986, this venture still had not shown a profit and Capital terminated the project.
The issue of nonbank banks was more difficult to deal with, but it was eventually addressed in the Competitive Equality Banking Act of 1987.
In 1987, as it strengthened its hold on the moderate-income segment of the marketplace, the company sold its Georgia International Life Insurance Company subsidiary, which focused primarily on higher-income households.
Simons died in August 1988 and was succeeded as chairman and chief executive officer of Capital Holding by Irving W. Bailey II. He had been with the company for ten years and had most recently served as president and chief operating officer.
Capital joined with four other insurance companies in 1988 to settle previous complaints lodged by Delaware's insurance commissioner.
In 1989, Capital purchased Southlife Holding Company, a Nashville, Tennessee-based insurer, to increase its market share in the home-service field.
In 1999, China Development Corporation was restructured as an industrial bank.
With more than 9,000 employees, Mega Financial Holding Company is considered one of the Top 2000 Largest Public Companies in the World, according to Forbes.
In 2001, China Development Financial (CDF) was formally incorporated and launched its IPO on the Taiwan Stock Exchange.
The company was formed by the merger of Chiao Tung Bank (CTB) and International Securities (IS) on February 4, 2002.
On August 22, 2002, it acquired Chung Hsing Bills Finance and Barits Securities (BS).
On January 31, 2003, International Securities (IS) and Barits Securities (BS) were combined with Chung Hsing Securities to become Mega Securities.
On August 21, 2006, the company decided to merge its two banking units, the International Commercial Bank of China (ICBC) and Chiao Tung Bank (CTB), and re-branded as Mega International Commercial Bank Co., Ltd. (MICB)
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Financial Holding Corporation competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Cypress Group | 2002 | $150,000 | 21 | 12 |
| Cardiff Lexington | 1987 | $3.7M | 72 | 14 |
| Elements Financial | - | $200.0M | 3,000 | 13 |
| Old Mutual | 1845 | $1.4B | 31,000 | 14 |
| The Vanguard Group | 1975 | $6.9B | 17,600 | 266 |
| Finance | - | - | - | 8 |
| CIT Group | 1908 | $2.3B | 3,678 | - |
| Wachovia Securities | 2001 | $55.0M | 50 | - |
| PRUDENTIAL INVESTMENT MANAGEMENT SERVICES LLC | 1984 | $70.0M | 150 | - |
| Diners Club International | 1950 | $5.4M | 750 | 3 |
Financial Holding Corporation history FAQs
Zippia gives an in-depth look into the details of Financial Holding Corporation, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Financial Holding Corporation. The employee data is based on information from people who have self-reported their past or current employments at Financial Holding Corporation. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Financial Holding Corporation. The data presented on this page does not represent the view of Financial Holding Corporation and its employees or that of Zippia.
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