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877-TRY-BEAL (877-879-2325)
6000 Legacy Drive
Plano, TX 75024

Beal Bank is a Texas-based bank that focuses its product offerings on deposit accounts and is considered a wholesale bank because it doesn’t offer checking accounts or consumer loans. The bank is, however, active in trading various loans in the secondary market.

Beal Bank offers a savings account, money market accounts, CDs, and IRA CDs in its line of depository products. Its savings account has a minimum deposit requirement and requires a minimum monthly balance in order to earn interest. Money market accounts are available and come with a minimum initial deposit requirement. They also require a minimum account balance in order to earn interest, with interest levels varying depending on balance amounts. Certificates of deposit (CDs) are available in term lengths from 3 to 12 months. A minimum balance must be maintained in order to earn interest and rates vary based on location. Beal Bank is able to offer higher than average rates, compared to other banks its size, due to its limited overhead costs associated with operating fewer branches.

Beal Bank online banking provides a secure and sophisticated web-based platform from which customers can manage their accounts, pay bills, transfer funds, and track expenses. Beal’s website offers an information or knowledge tab to help guide consumers with basic banking questions and online safety tips.

Beal Bank was originally established in 1988 as Beal Savings Banc. In 1994 it changed its organization type with the FDIC to stock savings bank, and seven years later moved its headquarters from Dallas to Plano, Texas. In 2004, Beal Bank USA was started by Beal Bank’s founder, Andy Beal, and exists as a separate institution despite offering many of the same products and rates.

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Reviews (1)

Dont' Put Your Money Here

Do not put your money here. We did and after weeks of them not getting the paperwork right they changed the CD rate we signed up for. Then charged us to remove our money because they didn't give us the rate quoted. Instead of getting the higher rate that they advertised, we got 1.01 when all other banks were giving 2.9.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Beal Bank had $368.49 million in non-current loans and owned real-estate with $1.08 billion in equity and loan loss allowances on hand to cover it. This gives Beal Bank a Texas Ratio of 34.22% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Beal Bank decreased slightly from 42.14% as of March 31, 2013 to 34.22% as of March 31, 2014, resulting in a positive change of 18.80%.This indicates that the balance sheet and financial strength for Beal Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Beal Bank has decreased its total deposits by -$496.47 million, resulting in -29.09% 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 Beal Bank has shown is poor.



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. Beal Bank has $2.43 billion in assets with $1.08 billion in equity, resulting in a capitalization level of 44.36%, which is excellent.

Institution Statistics

FDIC Certificate #32574
Year Established1988
Primary RegulatorFDIC
Assets and Liabilities
Assets$2.43 billion
Loans$1.71 billion
Deposits$1.21 billion
Equity Capital$1.03 billion
Loan Loss Allowance$51.76 million
Unbacked Noncurrent Loans$326.39 million
Real Estate Owned$42.10 million
Historic Data - March 2013
Assets$2.99 billion
Equity Capital$951.90 million
Loan Loss Allowance$67.95 million
Unbacked Noncurrent Loans$326.39 million
Real Estate Owned$41.61 million
Profit Margin - Quarterly
Net Interest Margin6.51%
Return on Assets5.33%
Return on Equity13.18%
Interest Income$39.80 million
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Beal Bank Savings Account Rates

0.25%$500-Statement Savings Account

Beal Bank Money Market Rates

0.30%$25k-Money Market Account

Beal Bank CD Rates

0.66%$1k-12 month CD
0.61%$1k-9 Month CD
0.51%$1k-6 Month CD
0.31%$1k-3 Month CD

Beal Bank has 19 locations. Click to view all Beal Bank locations.