What's Allied Irish up to? (Allied Irish Banks)(Company Profile)

ABA Banking Journal, November, 1997 by O'Sullivan, Orla

Allied Irish Banks has a low-visibility management approach, as evidenced by the Dublin-based company's relationship with US subsidiary First Maryland Bancorp. In Baltimore, First Maryland is considered a 'locally headquartered' bank. First Maryland's purchase of Harrisburg, PA-based Dauphin Deposit Corp could raise AIB's visibility, however. An overview of AIB's history and operations is presented.

Does the Dauphin Deposit acquisition mark a change in course for low-profile AIB? And what's the synergy between the big Irish bank and its U.S. operations?

In Baltimore, First Maryland Bancorp is referred to as "the largest, locally-headquartered bank," says Tom Mulcahy, chief executive of AIB Group, which happens to own FMB. That says a lot about the management...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.