Aurora Bank: Difference between revisions
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{{Infobox Company |
{{Infobox Company |
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| company_name = Aurora Bank |
| company_name = Aurora Bank |
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Revision as of 16:02, 29 November 2010
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| Company type | Subsidiary |
|---|---|
| Industry | Banking Financial services |
| Founded | Wilmington, Delaware (1921) |
| Headquarters | Brandywine Building, 1000 West Street, Wilmington, Delaware, U.S. |
Key people | Theodore P. Janulis, Chairman |
| Products | Consumer Banking Consumer finance Mortgage loans Credit Cards |
| Total assets | $4.83 billion (2009)[1] |
Number of employees | 1,900 (2010) |
| Parent | Lehman Brothers Bancorp, Inc. |
| Website | www.aurorabankfsb.com |
Aurora Bank is an American federal stock 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[2] and the Federal Deposit Insurance Corporation.[3]
History
Delaware Savings
Aurora Bank was founded on Jan 1, 1921 in Wilmington, Delaware under the name of Delaware Savings And Loan Association.[3][4]
On January 2, 1958, deposits made to the bank were first insured by the Federal Deposit Insurance Corporation (FDIC).[3]
In 1988, the bank was renamed to Delaware Savings Bank, FSB.[4]
Services
Aurora Bank offers full-scale retail banking services in the form of CDs (certificates of deposit), checking and savings accounts, debit and credit cards, mortgages (home loans), and money market accounts.[5] Other consumer banking services include deposit by mail, direct deposit, electronic transfers, refinancing, and online banking services.[6] Its interest rates on CDs have been competitive.[7][8]
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).[5][3]
Better Business Bureau gives Aurora Bank high ratings in its recent Reliability Report.[9]
Commercial services that the bank offers include bond administration, master servicing, default surveillance, post-closing forensic diligence, and others.[6]
Its business services mostly target commercial real-estate owners and include loan servicing, third-party servicing and investor relations.[10]
Subsidiaries
Aurora Bank owns mortgage lender Aurora Loan Services, LLC in Littleton, Colorado, [11][12] through which it provides financing to mortgage brokers. The subsidiary company has been considered one of the largest mortgage servicers in the country.[13]
References
- ^ a b Cite error: The named reference
delawwas invoked but never defined (see the help page). - ^ 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
- ^ a b 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
- ^ Commercial services Aurora Bank, Accessed Nov. 25, 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