Our Company

 

 

Whatever Your Greater, We Can Help You Achieve It

For more than a century, Monetary Choice Bank known as MCB has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 16,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.

Our guiding principles not only survived but thrived during the Great Depression, two world wars and the 2008 financial crisis. We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.

 

As of March 31, 2017, MCB Corporation had:

  • $121 billion in banking assets
  • $7.1 trillion in assets under custody
  • $8.9 trillion in assets under custody/administration
  • $1.0 trillion in assets under management
 

MCB Corporation reports first quarter net income of $276.1 million, earnings per common share of $1.09.

Frederick H. Waddell, Chairman and Chief Executive Officer, commented, “MCB's first quarter revenue increased 8% compared to one year ago, reflecting strong growth in trust, investment and other servicing fees and net interest income. Assets under custody/administration and assets under management ended the quarter up 13% and 11%, respectively, compared to a year ago, primarily driven by higher markets and our continued success in winning new business. The net interest margin on a fully taxable equivalent basis improved to 1.35% from 1.21% one year ago.

We use our strong capital position to pursue our strategic initiatives that meet our clients' complex financial needs. One recent example is our agreement to acquire UBS Asset Management’s fund administration servicing units in Luxembourg and Switzerland, which will broaden our scale, products and market reach across Europe.”

 

Testimonial

What our clients say about us

Love Simple. I must admit I use it almost as a " secondary' bank. Their savings account offers very competitive rate. You also can't go wrong with the no fee checking. I transfer 20% of my paycheck to them weekly. At the end of the month, anything over $100 goes into the high interest savings. I personally find this works well for me. Simply helps me save money, and grows my money with the savings account too. Have been with them 3 or 4 years. Never had any problems . Highly recommend!

testimonial

JacKie Mill

Market analyst

My fiance now husband, had a pending contract funds with MCB, so I was meant to contact them because he assigned me beneficiary to it. So, I contacted one of the representatives via their online live chat. Her name was Mary. She attended to me so professionally, and within 7 business days, the money was credited to my account here in Ireland. I am so grateful

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Clara Philips

Teaching

In a time where automation can trump feeling heard and served as a customer, today I felt the exact opposite. After a very unsuccessful and maddening call from MCB, Nattalie ** showed me true customer service at my local branch. She listened, empathized, and did her absolute best to help solve my issue. I can’t thank her enough for connecting with me, truly listening and acknowledging me, and keeping my faith in MCB. I have been there since 1993 when it was Bank One, and because of Nattalie, I will continue my loyalty.

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Laura Maurice

Interior Designer

I came into town in San Jose, CA and had no appointment; was on a time schedule and the staff here MCB location 11740 Berryessa Rd. Suite 600 was well discerning and cooperative with my needs and made accommodations for me to be worked into an appointment that evening at 3pm on 05/06/20. Mind you I arrived at about 1pm with no appointment at all. ** assisted me by taking action copying my documents and worked me in an unscheduled appointment with Private Clients Banker Larissa A. Oliphant. It showed exponentially per her professionalism streaming down into the staff! I'm very grateful!