Beal Bank was founded in 1988 by Andy Beal. It is headquartered in Plano, Texas and has nine deposit branches across the U.S. Although Beal Bank does not originate commercial or residential loans, it is active in the market for individual loan and loan portfolio acquisition. Beal Bank is also an affiliate of Beal Bank Nevada.
FDIC Certificate #
32574
Bank Charter Class
Savings Association
Asset Concentration
Commercial Lending Specialization
Product Specialty
Term deposit accounts, purchase of loans, and portfolio of loans
Key Information & News
Number of Branches: 9 offices in the U.S.
Number of Employees: 410 employees.
Executives
President
Andy Beal
Senior Vice President
Margaret M. Curl
2008 News
In response to the U.S. Treasury plans to bail out government-backed mortgage lenders, Andy Beal, president of Beal Bank stated, “The government has to provide that support to the housing market, but they don’t have to provide it to such great expense to the taxpayers. The fact is, there’s going to be a bunch of pain here, and it should be felt by the people who made the investments, not by the taxpayers.”
