1 star ratingAverage User Rating:
1 star rating based on 5 reviews.

Aurora Bank FSB

1000 N. West Street, Suite 200
Wilmington, DE 19801
(888) 522-9295
www.aurorabankfsb.com



Aurora Bank FSB is headquartered in Wilmington and is the 11st largest bank in the state of Delaware. It is also the 183rd largest bank in the nation. It was established in 1921 and as of December of 2011, it had grown to 1,939 employees at 2 locations. Aurora Bank FSB has a 4-star health rating.

Aurora Bank FSB Routing Number: 231170136

Related Posts

New York Community Bank Acquiring Aurora Bank Deposits And Increasing Fees (Forum) - 5/13/2012

I had missed the news about New York Community Bank acquiring Aurora Bank deposits. Thanks to Flexo at Consumerism Commentary who reported the news about the acquisition in April. As I described last year, Aurora Bank used to be Lehman Brothers Bank. Acco



See Rates for: Checking | Savings | Money Market | CD | IRA

Aurora Bank FSB Checking Account Rates

ApyMinMaxProduct
0.25%$1k-Checking Account with Interest

Aurora Bank FSB Savings Account Rates

ApyMinMaxProduct
0.25%$1k-Statement Savings

Aurora Bank FSB Money Market Rates

ApyMinMaxProduct
0.25%$1k-Money Market Account

Aurora Bank FSB CD Rates

ApyMinMaxProduct
0.35%$1k-36 Month CD
0.35%$1k-48 Month CD
0.35%$1k-60 Month CD
0.25%$1k-24 Month CD
0.15%$1k-12 Month CD
0.15%$1k-18 Month CD
0.10%$1k-6 Month CD

Aurora Bank FSB IRA Rates

ApyMinMaxProduct
0.05%$1k-36 Month IRA
0.05%$1k-48 Month IRA
0.05%$1k-60 Month IRA
0.05%$1k-36 Month Roth IRA
0.05%$1k-48 Month Roth IRA
0.05%$1k-60 Month Roth IRA
0.02%$1k-6 Month IRA
0.02%$1k-12 Month IRA
0.02%$1k-18 Month IRA
0.02%$1k-24 Month IRA
0.02%$1k-6 Month Roth IRA
0.02%$1k-12 Month Roth IRA
0.02%$1k-18 Month Roth IRA
0.02%$1k-24 Month Roth IRA

Rates updated: 5/22/2012

Data for Q4 2011


Institution Statistics


Aurora Bank FSB
OTS #06069
FDIC Certificate #30890
BankRate ReportView
Year Established1921
Employees1939
Primary RegulatorOCC

Assets and Liabilities

Assets$4.33 billion
Loans$881.25 million
Deposits$3.30 billion
Equity Capital$782.68 million
Unbacked Noncurrent Loans$146.60 million
Real Estate Owned$14.87 million

Historic Data - December 2010

Assets$4.34 billion
Equity Capital$854.56 million
Loan Loss Allowance$230,000
Unbacked Noncurrent Loans$134.80 million
Real Estate Owned$29.57 million

Profit Margin - Quarterly

Net Interest Margin1.2%
Return on Assets-1.86%
Return on Equity-9.72%
Interest Income$97.26 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Aurora Bank FSB had $161.47 million in non-current loans and owned real-estate with $782.68 million in equity and loan loss allowances on hand to cover it. This gives Aurora Bank FSB a Texas Ratio of 20.63% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Aurora Bank FSB held steady from 19.10% as of December 31, 2010 to 20.63% as of December 31, 2011, resulting in a negative change of 8.02%. This indicates that the balance sheet and financial strength for Aurora Bank FSB has held steady in recent periods.
Deposit Growth4
In the past year, Aurora Bank FSB has increased its total deposits by $139.76 million, resulting in 4.43% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Aurora Bank FSB has shown is above average.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Aurora Bank FSB has $4.33 billion in assets with $782.68 million in equity, resulting in a capitalization level of 18.06%, which is excellent.
Write Review

Same As Failed Lehman Brothers Bank
1 stars - TK - Wednesday, July 6, 2011 - 1:40 PM

For people out there that dont know-  Aurora Bank FSB is the same bank that ran under the name Lehman Brothers Bank. 

Lehman left of lot of bad real estate deals on the books.  No wonder Aurora bank tries to entice your money with higher rates then other banks.  Higher the risk (of failure) the more you have to pay to lure investors.  Buyers beware-  this piggy came go belly up any day.

27

WARNING. DO NOT DO BUSINESS WITH AURORA!
1 stars - Patricklane - Tuesday, November 1, 2011 - 4:57 PM

I have had a loan account with Aurora for 20 years. In all those years I have never missed a single month or made a single late payment. We happily and proudly made our final last payment last month and paid off that loan.

Since making that final payment we have been bombarded with phone calls, often 3 or 4 daily, and we have also received a couple of letters threatening us with forclosure unless we 'settle our account'. Unfortunately nobody will explain the problem unless I first give them my social security number which I am not prepared to do on the phone.

Finally we have discovered the problem - we still owe 32 cents on our account! (After 20 years). The postage on the letters they send me is 42 cents each time and who knows what they pay for the phone calls. Even though I have pointed-out how insane this is, they still insist on getting the 32 cents and are threatening to foreclose on my house.

I cannot pay them online because their system will not accept anything less than $49. They want a personal check. I have sent them cash.

Do you want to do business with an organization which is so inflexible, so pig-headed and stupid that they have turned a loyal customer of 20 years into a public critic - all for 32 cents?

Patrick Lane

Dade County, Florida

 

 

7

Horrible Customer Service
1 stars - treasaharris - Friday, December 16, 2011 - 10:49 AM

After many months of sending documents for loan modification & 6 months later it was approved. Loan term 40 years fix, 4.625 interest rate, new payments dropped from $1,959 to $1,485. Now, Aurora mailed a letter stating loan documents were mailed December 9, 2011. & I needed to have documents notaries/signed. Well, I've nevered received any loan documents to sign. I've been calling now for 4 days with no answer. Literally, no ANSWER. Their telephone system connect me to some voice mail & no one have yet to contact me about the whereabouts of my loan document. I've tried every number online & now I'm starting to email every email address & fax. I'm beginning to wonder if their closed for good. Anyone with a number to speak to a live people I will gladly take it.. Thanks -:)

3

Warning: Do Not Do Business With Aurora Bank
1 stars - pkrause - Wednesday, December 7, 2011 - 9:13 AM

Anyone who is treated unfairly by a bank should engage their State Attorney General's office. They have the legal capacity to put an end to this nonsense.

In the Matter of Aurora Bank FSB, Wilimington Delaware, OTS Docket No. 06069, the Office of Thrift Supervision found that Aurora Bank had certain deficiencies and unsafe or unsound practices in the bank's residential mortgage servicing and in the initiation and handling of foreclosure proceedings. Order No.: NE-11-16, Effective Date: April 13, 2011.

 

 

 

3

How Ugly The Lenders' Empire Really Is
1 stars - EssErickson - Wednesday, February 8, 2012 - 10:11 PM

If you really want to know how ugly and bad this "lender" world existed read this book, The Monster by Michael W. Hudson.  It will blow your mind and trust in the US banking system.  The movie "Wall Street" will keep popping up in your mind as you read this greed code that pervaded the street and still does, it's just quieter now.  Bottom line - your money will NEVER be safe in a bank unless it's a credit union.

 

Read the Book, Aurora is in it.

 

S. Erickson

1