Beal Bank Nevada was chartered in 2004, originally as Beal Savings Bank. However on January 15th, 2007 it was renamed Beal Bank Nevada. Its activities are similar to that of its affiliate, Texas-based Beal Bank. Beal Bank Nevada is an industrial loan corporation and participates in individual loan and loan portfolio acquisition and commercial real estate acquisition along with other financing and funding loan in various industries.
FDIC Certificate #
57833
Bank Charter Class
Commercial Bank
Asset Concentration
Commercial Lending Specialization
Product Specialty
Term deposit accounts, loans, and portfolio of loans acquisitions.
Key Information & News
Number of Branches: 1 office in the U.S.
Number of Employees: 59 employees.
Executives
President
Andy Beal
CFO
Molly 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.”
