Beal Bank
American bank / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Beal Bank?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
Beal Bank is an American bank, which was founded by Texas-based entrepreneur D. Andrew "Andy" Beal.[2] It includes two separately chartered banks, Beal Bank and Beal Bank USA. Each entity is insured by the Federal Deposit Insurance Corporation (FDIC).[3][4]
Quick Facts Company type, Industry ...
Company type | Private |
---|---|
Industry | Banking |
Founded | 1988; 36 years ago (1988) |
Founder | D. Andrew "Andy" Beal |
Headquarters | |
Number of locations | 17 |
Total assets | $39.6 billion (2023[1]) |
Website | www |
Close
As wholesale banks, they do not offer consumer loans or checking accounts,[5] and generally purchase loans within the secondary market rather than originating them.[6] As of March 31, 2023, the banks had combined total assets of more than $39.6 billion and combined total capital of more than $3.7 billion.[7][8][1]