Washington Federal in June 2011. In 2015, Beal Bank through affiliates originated around $1.5 billion in loans with $3.3 billion in equity capital and a leverage ratio of nearly 50 percent. In 2017, the company had $2.3 billion in equity capital. Operations Beal Bank Beal Bank opened in 1988, with $3 million in capital operating from a single branch in Carrollton, Texas. The bank initially bought assets from Resolution Trust Corporation, a government-owned company that liquidated real estate and savings-and-loan assets. Throughout the late 1980s and 1990s, the bank purchased the assets from failing savings and loans banks, including the maximum number of mortgage assets allowed by law from a San Antonio bank in 1989. By 1996, the bank was considered the most profitable bank in Texas, and reported a net income of $44.8 million, revenue of $143.5 million and $1.2 billion in assets. As of December 31, 2022, Beal Bank reported capital in excess of $793 million and assets around $6.6 billion. Beal Bank has 6 branches in 4 states and offers certificate of deposit accounts, money market accounts, statement savings accounts, and IRA CDs. Beal Bank USA Beal Bank USA is headquartered in Las Vegas, and shares a common brand with Beal Bank. It was founded in 2004 as Beal Savings Bank, and was renamed Beal Bank Nevada in 2007, and Beal Bank USA in 2011. Beal Bank USA has 11 branches across 10 states. As of December 31, 2022, it reported capital in excess of $2.8 billion and assets in excess of $25.9 billion. Other affiliates Through affiliated companies, both banks are active in commercial real estate acquisition as well as individual loan and loan portfolio acquisition. They also originate and fund loans and loan participations secured by real estate, energy, power, gas, manufacturing, timber, transportation and distribution, and other tangible assets. Affiliated companies include: CSG Investments Inc. and CLG Hedge Fund, LLC. UmbrellaBank.com (a division of Beal Bank) and MyCDBank.com (a division of Beal Bank USA) are online banking affiliates. References External links CLG Hedge Fund, LLC CSG Investments Inc. Loan Acquisition Corporation MyCDBank.com UmbrellaBank.com Banks based in Texas Banks based in the Dallas–Fort Worth metroplex Companies based in Plano, Texas 1988 establishments in Texas Banks established in 1988