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Ohio Savings Bank – An Overview
from:Introduction
The Ohio Savings Bank was originally founded in 1889 in Cleveland, Ohio as a local savings and loans based institution. Now, renamed as the AmTrust Bank, the institution has diversified into the vast series of services including retail banking, mortgage and construction lending, investment and insurance service, indirect auto lending and many more.
It was in 1989 that the Ohio Savings Bank purchased the Pal Plaza Savings Bank in Boca Raton, Florida, resulting in the establishment of the AmTrust Bank division. In addition to the AmTrust branches in Cleveland, Akron, Columbus and Ohio Markets, there are branches located throughout southeastern Florida. With further expansion into yet another market in 2000, the first AmTrust Bank branch was established din Phoenix in Arizona.
Finally, it was in April 2007, that the Ohio Savings Bank was renamed as the AmTrust Bank, to represent the institution’s national presence.
The Services
Since its inception in 1889, the Ohio Savings Bank has grown from a savings and loan with a single branch office in Cleveland and only $20,000 in assets to being one pf the nation’s largest mortgage lenders. As of November 1998, the Ohio savings Bank boasted of being a $5.5 billion bank, with 45 branches in Ohio and Florida
It was in 2004, that the bank began to sense the need of inculcating the IT infrastructure into its work system. Hence, the bank began thinking of consolidating its legacy systems with an enterprise grid computing solution from Oracle. The new system was planned to lay ground for a services-based architecture that would eventually consolidate the bank’s call centre, mortgage application and data warehouse into a unified architecture.
It was further in 1998 that Microsoft announced that the Ohio Savings Bank has been equipped with a new computer infrastructure on the framework of Microsoft Windows Distributed internet Application architecture for Financial Services.
This development made the Ohio Savings Bank the first in its class to combine good customer service and streamlined operations with innovative, cutting-edge technology, building an efficient digital nervous system. The entire system was meant to benefit the customers, providing them with a high-class and efficient infrastructure for their banking operations. This development was also aimed at putting the bank on a firm foothold amongst the leading financial services of the nation, also enabling the users to take full advantage of personalized commuting services of their banking activities.
The Ohio Savings Bank continues to be one of the leading names in the financial sector in the region, though now represented under a different brand name altogether, but still enjoying the same legacy and an extremely sound goodwill.
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Savings Bonds Value News
Troopers seize pills and savings bonds - FOX Toledo Online
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Savings bond gift matures into battle - Chicago Sun-Times
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LEGAL EASE: Sale of paper US savings bonds to be discontinued - The Mercury
LEGAL EASE: Sale of paper US savings bonds to be discontinued The Mercury Although savings bonds have been in existence since 1935 (Series A with a face value of $25 and a purchase price of $18.75), the most famous were the Series E Defense Savings Bonds, sold to finance World War II. They became known as War Bonds after the ... |
Fitch Rates Roanoke, VA's GO's 'AA+'; Outlook Stable - Business Wire (press release)
Fitch Rates Roanoke, VA's GO's 'AA+'; Outlook Stable Business Wire (press release) The proceeds of the series 2012B bonds and the series 2012C bonds will be used to advance refund certain outstanding GO bonds for debt service savings. In addition, Fitch affirms the 'AA+' rating on approximately $196 million of outstanding GO bonds of ... Fitch Rates Falls Church, VA's GOs 'AAA'; Outlook Stable |
Savings bond gift matures into mom/daughter battle - Lake County News Sun
Savings bond gift matures into mom/daughter battle Lake County News Sun Dear Abby: I'm 30 years old and have a close relationship with my mother, but something is bothering me. When I was a little girl, my grandmother gave me a US savings bond for my birthday. It has matured to its full value. My mother refuses to give it ... |
Fitch Rates Douglas Co. School Dist RE1, CO's GOs 'AA+'; Outlook Stable - MarketWatch (press release)
Fitch Rates Douglas Co. School Dist RE1, CO's GOs 'AA+'; Outlook Stable MarketWatch (press release) The bonds are scheduled for a negotiated sale on Feb. 15, 2012. Proceeds from the refunding bonds will be used to refund portions of the District's outstanding debt for interest savings. The bonds are secured by an unlimited ad valorem tax pledge of ... |
Mass Refi Plan Would Hit Pensions While Easing Mortgage Payments - BusinessWeek
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How to make the most of your savings habit - Telegraph.co.uk
 Telegraph.co.uk | How to make the most of your savings habit Telegraph.co.uk In total, the average savings and investments portfolio is now worth £17875; this includes the value of investments but not company or personal pensions. But despite the low returns paid on deposit accounts – not one high street bank account now pays a ... |