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]
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]
^ ab"Statement of Condition". Beal Bank. 31 March 2023.
^Anders, George. "Maverick Banker in Texas Chases Distressed Assets". The Wall Street Journal.
^"FDIC certification information for Beal Bank USA, FDIC Certificate No. 57833". Archived from the original on 2014-04-16. Retrieved 2013-03-10.
^"FDIC certificate information for Beal Bank, FDIC Certificate No. 32574". Archived from the original on 2013-01-19. Retrieved 2013-03-10.
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