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NU Online News Service, Aug. 10, 11:15 a.m. EDT

Insurance brokerage bank holding companies’ fee income grew to its highest level to date, according to a report issued by Michael White Associates.

The Radnor, Pa.-based consulting firm released its “Michael White–Prudential Bank Fee Income Report” yesterday, which stated that first-quarter insurance brokerage fee revenues for bank holding companies (BHC) stood at $3.32, up 10 percent from $3.03 billion in last year’s first quarter.

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