While the largest ILC in 1987 had assets of approximately $ million, the largest ILC today has more than $ billion in assets and more than $ billion in deposits, making it among the twenty largest insured banks in the United States in terms of deposits. An additional twelve ILCs each have more than $ billion in deposits.
And, far from being locally owned and focused on small-dollar  1  Bank holding companies that do not qualify to be a financial holding company under the GLB Act are permitted to engage in a smaller range of activities that have been found to be "closely related to banking."