Company type | Private | ||||||||||||||||||||||
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Industry | Bank | ||||||||||||||||||||||
Founded | March 10, 1988 | ||||||||||||||||||||||
Founder | Andrew Beal | ||||||||||||||||||||||
Headquarters | |||||||||||||||||||||||
Owner | Andrew Beal | ||||||||||||||||||||||
Website | www | ||||||||||||||||||||||
Footnotes / references [1][2]
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Beal Financial Corporation is a bank holding company based in Plano, Texas that operates two federally chartered banks: Beal Bank, with 6 branches,[1] and Beal Bank USA, headquartered in Las Vegas, Nevada, with 10 branches and a direct bank.[2] It is on the list of largest banks in the United States. It was founded by and is entirely owned by billionaire Andrew Beal and specializes in acquiring distressed securities at discounted values. It acquires risky loans, but keeps a much higher equity buffer than other banks.[5][6]
deposits
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