Has First of America's Expansion Helped It Better Achieve Its Goals?
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Authors
McKeever, Scott M.
Issue Date
1993
Type
Thesis
Language
en_US
Keywords
Alternative Title
Abstract
This paper examines important factors that should describe how effective First of America Bank Corporation has been in accomplishing it's goals. First of America has employed an aggressive, yet conservative acquisition strategy. In fact, in 1992 First of America had a six year asset growth rank of 13 (of all bank holding companies with assets over $5 billion). First of America's growth has been indisputable. For this reason, the focus of this paper is how this expansion has affected the attainment of
First of America's goals. This paper examines four major objectives crucial to the
recent as well as the continued success of First of America. First, a commitment to stockholders is critical to the prosperity of FOA. Second, FOA strives to assure the continued satisfaction
of its customers. Third, the commitment to the employees is also
important. Last, FOA has made a special dedication to community
banking. Furthermore, the economies of scale factor is examined,
as it pertains to bank holding companies.
Section I presents information concerning First of America's
objectives, its past growth, how the expansion has affected the
achievement of First of America goals, as well as how scale
economies have contributed to the realization of those goals.
Sections II and III describe the internship portion of my SIP.
Section II describes my training and job responsibilities. Section
III relates my internship to my past course work and how it will
benefit me in the pursuit of my career goals.
Description
v, 60 p.
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U.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.