Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Discover Bank Agrees To Purchase Allstate Bank Deposits

Monday, February 14, 2011 - 3:02 PMAllstate Bank - Details
From Allstate's press release:
Under the terms of the agreement, Discover Bank will assume the Allstate Bank deposit accounts and provide banking products and services to Allstate customers. Allstate Financial does not intend to originate banking products or services after the transaction closes.

Looking back at my archives, I found only one blog post that I did on Allstate Bank back in 2008. It was on a rare Allstate promotion. Most of the time the rates were not competitive. Allstate never seemed enthusiastic about the bank.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708