With regional bank headquarters and a branch of the Federal Reserve located here, Cleveland offers an ideal business environment for the banking and financial services industry. Cleveland’s corporate-friendly tax structure and low cost of doing business is a plus for banks and financial services companies. Moreover, its area colleges and universities ensure a steady stream of skilled and educated employees.
Cleveland is centrally located between New York City, Chicago and Toronto, allowing quick market access to more than half of North America, including Canada. Couple that with a strong broadband infrastructure, excellent overall cost of living and several Fortune 500 headquarters, and you’ve got a market that is prime for more growth in the banking and finance industry.
Third Federal Savings and Loans: Founded in Cleveland, this is in the top 25 savings and loans institutions and still headquartered on Broadway Avenue in the Slavic Village neighborhood in Cleveland.
Key Bank: A regional bank headquartered in Key Tower within Cleveland, Ohio’s Public Square. As of 2013, Key Bank is the 22nd largest bank in the United States based on total deposits and the 29th largest bank in the United States by total assets.
The Federal Reserve Bank of Cleveland: The Cleveland-based headquarters of the U.S. Federal Reserve System’s Fourth District. The district is composed of Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.
Progressive Insurance: As one of the largest automobile insurance groups in the country, Progressive also offers insurance on: boats, commercial autos, motorcycles, and RV’s.
Gabriel Partners Gabriel Partners: Leading provider of financial investigations, intelligence, and analytics to banking private equity, insurance and securities firms, law practices, corporations and governments both domestically and globally.
The Resiliance Capital Partners LLC: A private equity firm specializing in acquisitions and buyouts of lower middle market companies. The firm typically invests in distressed, underperforming, corporate divestitures, and turnaround situations with opportunities for change of control and balance sheet restructuring.
BellMark Partners: A boutique investment banking firm that provides advisory and investment banking services to middle market and lower middle market companies in the following industries: consumer, industrial, business services, and healthcare.
MAI Wealth Advisors LLC: Provides financial consulting services including concentrated investments in private or public businesses, generational wealth transfer, risk management, philanthropy and taxation across multiple jurisdictions.
Bruml Capital Corporation: Provides advisory and investment banking services to entrepreneurs, privately held and publicly held middle-market companies, private equity equity firms, and family offices.
Dollar Bank, Federal Savings Banks:
With a Cleveland headquarters and more than 60 branch offices, Dollar Bank has grown to become a large, full service, regional bank committed to providing the highest quality of banking services to individuals and businesses.