| Beal Bank |
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Beal Bank has capital of more than $700 million and assets of $2.2 billion as of December 31, 2005, and is a subsidiary of Beal Financial Corporation (consolidated capital of $1.8 billion and assets of $4.6 billion as of December 31, 2005). Affiliate companies include Beal Savings Bank , CSG Investments, Inc. , Loan Acquisition Corporation , and Beal Mortgage Services . Beal Bank has a reputation as a stable, strongly capitalized financial institution. As of December 31, 2005, its “tier one” capital, or net worth, is approximately 31% of assets, or more than five times the FDIC standard of 5% for a well-capitalized bank. Beal Bank is a member of the FDIC and is an Equal Housing Lender. As a wholesale bank, Beal Bank offers FDIC -insured term deposit accounts through certificates of deposit (CDs), money market accounts, and other products. Beal Bank does not offer such retail banking services as consumer loans and checking accounts. Through affiliates CSG Investments, Inc. , Loan Acquisition Corporation , and Beal Mortgage Services , Beal Bank is active in commercial real estate acquisition and development; individual loan and loan portfolio acquisition; and financing and funding loans and participations in loans secured by tangible assets in such industries as real estate; gaming and lodging; energy, power and gas; manufacturing; timber; and transportation and distribution. |
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