Shareowners
PEFCO's stock is owned by 23 commercial banks, 2 financial services company, and six industrial companies.
PEFCO's stock is owned by 23 commercial banks, two financial services company, and six industrial companies. In the case of the commercial banks, the shares are owned directly or through an affiliate. Ownership and transferability of the common stock of PEFCO are restricted to "Qualified Investors". As defined in the By-laws, a "Qualified Investor" is a financial institution or a corporation engaged in producing or exporting United States products or services. Under PEFCO’s By-laws, no shareowner may own more than 18% of the outstanding shares. The following is a list of shareowners as of September 30, 2023:
| Commercial Banks | Number of Shares |
|---|---|
| Bank of America | 1,924 |
| The Bank of New York Mellon | 702 |
| Bank of the West | 79 |
| Brown Brothers Harriman & Co. | 38 |
| Citibank, N.A. | 1,507 |
| Citizens Financial Group, Inc. | 1,549 |
| Deutsche Bank | 1,066 |
| HSBC USA Inc. | 441 |
| ING Capital LLC | 267 |
| Investec Investments Ltd. | 108 |
| JPMorgan Chase & Co. | 2,937 |
| Key Bank | 165 |
| MUFG | 93 |
| Natixis | 738 |
| Paribas North America, Inc. | 367 |
| PNC Bank Corp. | 503 |
| Regions Bank | 20 |
| Société Générale | 100 |
| Standard Chartered Bank | 300 |
| Sterling National Bank & Trust Company | 39 |
| UPS Capital Business Credit | 431 |
| U.S. Bank N.A. | 500 |
| Wells Fargo & Company | 816 |
| Financial Services Companies | Number of Shares |
|---|---|
| AirFinance Leasing LLC | 459 |
| Assured Guaranty Corp. | 212 |
| Industrial Companies | Number of Shares |
|---|---|
| ABB, Inc. | 80 |
| The Boeing Company | 1,425 |
| General Electric Company | 567 |
| KBR, Inc. | 113 |
| Textron Inc | 40 |
| United Technologies Company | 200 |
| TOTAL | 17,786 |