Beal Bank

Beal Bank

Overview / Commentary
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.

Reviews (1)

Dont' Put Your Money Here

Posted by: |

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.


Health Grade Components

FDIC Certificate #32574
Year Established1988
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD8.87%
Return on Equity - YTD42.24%
Annual Interest Income$56.8MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$4.50B$1.74B
LoansQ2 2022vs Q2 2021$1.73B$846.6MM
DepositsQ2 2022vs Q2 2021$2.51B$1.06B
Equity CapitalQ2 2022vs Q2 2021$719.5MM$584.5MM
Loan Loss AllowanceQ2 2022vs Q2 2021$4.6MM$8.7MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$85.2MM$95.9MM
Real Estate OwnedQ2 2022vs Q2 2021$4.0MM$3.9MM

Sorry, we do not have rate data for Beal Bank.


Beal Bank Locations
Addison Branch15770 N. Dallas Parkway, Suite 100Dallas, TX 75248
Pittsburgh Branch1680 Washington Road, Suite 100Pittsburgh, PA 15241
Houston Branch2500 West Loop South, Suite 100Houston, TX 77027
Cleveland Branch3311 Richmond Rd Suite 100Beachwood, OH 44122
Beal Bank, SSB6000 Legacy DrPlano, TX 75024
San Diego Branch8880 Rio San Diego Dr Suite 103San Diego, CA 92108
San Francisco Branch1631 North California BlvdWalnut Creek, CA 94596

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