Edward Jones files for ILC charter.
BANKING AND CREDIT NEWS-July 7, 2020--Edward Jones files for ILC charter
(C)2020 M2 COMMUNICATIONS http://www.m2.com
Global Banking News - 07 July 2020
St Louis-based investment firm, Edward Jones, has filed for an industrial loan company (ILC) charter.
The firm said that it has filed applications with the Federal Deposit Insurance Corp (FDIC) and the Utah Department of Financial Institutions to establish Edward Jones Bank, a Utah-chartered industrial bank.
Edward Jones is the latest entity to take the ILC route to establish a bank...
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