Welcome to Savings Guide
College Savings Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
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.
??
??
??
??
1
College Savings News
ScholarShare Announces College Savings Account Giveaway
SACRAMENTO, CA-- - ScholarShare , California's 529 college savings program , announces that they will host their first ever sweepstakes on Twitter, giving all qualified entries the chance to win a $1,529 ...
Read more...Best Strategy for Using Up College Savings?
A family should be smart about using its college funding sources. That means federal aid, too.
Read more...Treasurer McCord Says PA 529 College Savings Plans Great Way to Prepare for Rising Higher Education Costs
HARRISBURG, Pa. -- As students approach the end of the school year, parents are recognizing their child is one year closer to higher education -- and the bills associated with it. State Treasurer Rob McCord ...
Read more...Two OppenheimerFunds 529 Plans Ranked Among Top 10 in Country by Savingforcollege.com
NEW YORK, May 23, 2012 /PRNewswire/ -- OppenheimerFunds, Inc., a leading investment management company, today announced that two of its 529 plans were ranked among the top 10 in the country by independent ...
Read more...5 ways to balance retirement and college savings
5 ways to balance retirement and college savings ASSOCIATED PRESS Copyright 2012 ASSOCIATED PRESS. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Published 12:35 a.m., Saturday, May 5, 2012 Hoping to keep their own kids from being overly burdened, parents often unwisely sink thousands of dollars into their children's education that otherwise ...
Read more...