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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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Belmont Savings Bank Specific links
Belmont Savings Bank News
Belmont Savings Extends Reach, Opens In Waltham - Patch.com
Belmont Savings Extends Reach, Opens In Waltham Patch.com By Franklin Tucker and Ryan Grannan-Doll A branch of Belmont Savings Bank will open for business today, May 1, in Waltham, the first located outside the bank's traditional Belmont/Watertown home. The bank, at the Shaw's supermarket at 1070 Lexington ... Belmont Savings Bank Opens New Branch Inside Waltham Shaw's |
Belmont Savings Rings In on Wall Street - Patch.com
Belmont Savings Rings In on Wall Street Patch.com Belmont-based financial institution at the closing bell at the NASDAQ in the Big Apple. By Franklin Tucker Robert Morrissey, chairman of BSB Bancorp, Inc., the holding company for Belmont Savings Bank, presided over the NASDAQ Stock Market Closing Bell ... |
Belmont's Town Day Today, 9 a.m. to 3 p.m. - Patch.com
Belmont's Town Day Today, 9 a.m. to 3 p.m. Patch.com By Franklin Tucker Sponsored by Belmont Savings Bank and run by the Belmont Center Business Association, the yearly event closes down Belmont's business hub for one day so families, friends and gaggles of kids to wander up and down the roadway to eat ... |
5 Things You Need to Know Today: May 23 - Patch.com
5 Things You Need to Know Today: May 23 Patch.com The 11th Annual Brendan's Home Run 5k walk and run will be held Sunday, June 17, at Belmont High School track. This special Father's Day event is presented by Belmont Savings Bank and The Belmont Dental Group. All proceeds benefit The Brendan Grant ... |
Chairman of BSB Bancorp, Inc. [BLMT] to Ring The NASDAQ Stock Market Closing Bell - MarketWatch (press release)
Chairman of BSB Bancorp, Inc. [BLMT] to Ring The NASDAQ Stock Market Closing Bell MarketWatch (press release) BSB Bancorp, Inc. [BLMT], the holding company for Belmont Savings Bank, a Massachusetts chartered savings bank which provides financial services to individuals, families and businesses through its five full-service branch offices located in Belmont, ... |