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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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Ulster Savings Bank News
Bank foundation makes contribution - Poughkeepsie Journal
Bank foundation makes contribution Poughkeepsie Journal, NY - The Ulster Savings Charitable Foundation recently awarded $9250 to 15 local educators at a reception for its first Annual Learning Initiatives For Educators ... |
ECB deems Britain unworthy of euro - Telegraph.co.uk
ECB deems Britain unworthy of euro Telegraph.co.uk, United Kingdom - Irish retailers have been crippled as shoppers flood across the border into Ulster. But there is also a misunderstanding in Brussels, Paris, and Berlin over ... |
Your positive achievements - Poughkeepsie Journal
Your positive achievements Poughkeepsie Journal, NY - Ulster Savings Bank has given a $5000 grant to Save At-Risk Children for Corporate America in Poughkeepsie to assist with its Poughkeepsie Family Literacy ... |
Gardiner car show raises $12000 - Times Herald-Record
Gardiner car show raises $12000 Times Herald-Record, NY - Attending the Classics Under the Gunks Car Show check presentation at the Ulster Savings Bank in Gardiner Nov. 24 are, from left, front row, David Wingfield ... |
Resolutions to beat the recession blues - Irish Independent
Resolutions to beat the recession blues Irish Independent, Ireland - For example, Ulster Bank's standard card has the longest zero-interest rate at nine months, but you will be clobbered with a rate of 17.9pc when that period ... |