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Aurora Bank
IndustryBanking
Financial services
Founded Wilmington, Delaware (1921)
HeadquartersBrandywine Building, 1000 West Street, Wilmington, Delaware, U.S.
ProductsConsumer Banking
Mortgage Loans
Commercial Services
Business Services
Number of employees
1,900 (2010)
Websitewww.aurorabankfsb.com

Aurora Bank is a federal savings bank (FSB) headquartered in Wilmington, Delaware. It is a mid-size bank that offers full-scale banking services.

Aurora Bank is regulated by the Office of Thrift Supervision[1] and the Federal Deposit Insurance Corporation.[2]

History

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Aurora Bank was founded on Jan 1, 1921 in Wilmington, Delaware under the name of Delaware Savings And Loan Association.[2][3]

On January 2, 1958, deposits made to the bank were first insured by the Federal Deposit Insurance Corporation (FDIC).[2]

In 1988, the bank was renamed to Delaware Savings Bank, FSB.

Services

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Aurora Bank offers full-scale retail banking services in the form of CDs (certificates of deposit), checking and savings accounts, debit cards, mortgages (home loans), and money market accounts.[4] Other consumer banking services include deposit by mail, direct deposit, electronic transfers, refinancing, and online banking services.[5] Its interest rates on CDs have been competitive.[6][7]

The bank is a member of the Federal Home Loan Bank System; deposits made to the bank are insured to the extent permitted by law by the Federal Deposit Insurance Corporation (FDIC).[4][2]

Better Business Bureau gives Aurora Bank Consumer Banking Services high ratings in its recent Reliability Report.[8]

Business Services that the bank offers include bond administration, master servicing, default surveillance, post-closing forensic diligence, and others.[5]

Subsidiaries

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Aurora Bank owns mortgage lender Aurora Loan Services, LLC in Littleton, Colorado, [9][10] through which it provides financing to mortgage brokers. The subsidiary company has been considered one of the largest mortgage servicers in the country.[11]

References

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  1. ^ Aurora Bank, FSB Office of Thrift Supervision, Accessed Nov. 25, 2010
  2. ^ a b c d Aurora Bank, FSB Federal Deposit Insurance Corporation, Accessed Nov. 25, 2010
  3. ^ Banking OnGreen, Accessed Nov. 23, 2010
  4. ^ a b About Us Aurora Bank, Accessed Nov. 23, 2010
  5. ^ a b Aurora Bank FSB Businessweek, Accessed Nov. 23, 2010
  6. ^ Aurora Bank Tops CD Rates BankingZen, Oct. 13, 2010, Accessed Nov. 24, 2010
  7. ^ Rates Aurora Bank, Accessed Nov. 24, 2010
  8. ^ Aurora Bank Better Business Bureau, Accessed Nov. 24, 2010
  9. ^ Aurora Bank Hoovers, Accessed Nov. 24, 2010
  10. ^ Aurora Loan Services, LLC Businessweek, Accessed Nov. 25, 2010
  11. ^ Top Residential Servicers at June 30, 2010 National Mortgage News, Sep. 6, 2010, Accessed Nov. 25, 2010
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Aurora Bank official website


Category:Companies based in Delaware Category:Banks based in Delaware Category:Banks established in 1921 Category:Mortgage lenders