The Jones Financial Cos. LLLP of St. Louis has submitted applications to the Federal Deposit Insurance Corp. and Utah Department of Financial Institutions to establish Edward Jones Bank, an industrial bank that would be chartered in the state.
Jones Financial is the parent company of a network of financial services companies that includes Edward Jones, a 54,000-employee company that offers such services as wealth management, retirement planning and financial advisory to more than 9 million clients. Its current banking offerings include margin loans, a securities-based line of credit, credit cards and a variety of cash management options. Edward Jones Bank would enhance these offerings by Please log in to see the rest of this story.
