User:Sigma0 1/Aurora Bank
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| Industry | Banking Financial services |
|---|---|
| Founded | Wilmington, Delaware (1921) |
| Headquarters | Brandywine Building, 1000 West Street, Wilmington, Delaware, U.S. |
| Products | Consumer Banking Mortgage Loans Commercial Services Business Services |
Number of employees | 1,900 (2010) |
| Website | www.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
[edit]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
[edit]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
[edit]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
[edit]- ^ Aurora Bank, FSB Office of Thrift Supervision, Accessed Nov. 25, 2010
- ^ a b c d Aurora Bank, FSB Federal Deposit Insurance Corporation, Accessed Nov. 25, 2010
- ^ Banking OnGreen, Accessed Nov. 23, 2010
- ^ a b About Us Aurora Bank, Accessed Nov. 23, 2010
- ^ a b Aurora Bank FSB Businessweek, Accessed Nov. 23, 2010
- ^ Aurora Bank Tops CD Rates BankingZen, Oct. 13, 2010, Accessed Nov. 24, 2010
- ^ Rates Aurora Bank, Accessed Nov. 24, 2010
- ^ Aurora Bank Better Business Bureau, Accessed Nov. 24, 2010
- ^ Aurora Bank Hoovers, Accessed Nov. 24, 2010
- ^ Aurora Loan Services, LLC Businessweek, Accessed Nov. 25, 2010
- ^ Top Residential Servicers at June 30, 2010 National Mortgage News, Sep. 6, 2010, Accessed Nov. 25, 2010
External links
[edit]
Category:Companies based in Delaware
Category:Banks based in Delaware
Category:Banks established in 1921
Category:Mortgage lenders