AmTrust Bank
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Founded in Cleveland, Ohio in 1889 as Ohio Savings Bank, AmTrust Bank has grown from a local savings and loan to having a national presence in retail banking, mortgage and construction lending, investment and insurance services and indirect auto lending.[citation needed]
[edit] Ohio Savings Bank Years
Ohio Savings Bank ended its first year with one branch office and $20,000 in assets. Since then, it has grown to over >$17 billion in assets, and is one of the 20 largest mortgage lenders in the United States.
In 1989, Ohio Savings Bank purchased Palm Plaza Savings Bank in Boca Raton, Florida. This purchase resulted in the establishment of the AmTrust Bank division. Today, in addition to the AmTrust branches in the Cleveland, Akron and Columbus, Ohio markets, there are branches located throughout southeastern Florida. Expansion into yet another market continued in 2000, when the first AmTrust Bank branch in the Phoenix, Arizona area opened.
In April 2007, Ohio Savings Bank was renamed as AmTrust Bank, to represent their national presence.[1]
[edit] References
- ^ http://www.amtrust.com/AboutUs/default.asp?Page=History Retrieved 25 April 2007
[edit] External links
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