Ohio Savings Bank
From Wikipedia, the free encyclopedia
Founded in Cleveland, Ohio in 1889, Ohio Savings Bank has grown from a local savings and loan to having a national presence in retail banking, mortgage and construction lending, investment and insurance services and indirect auto lending. Ohio Savings Bank ended its first year with one branch office and $20,000 in assets. Since then, it has grown to nearly $16 billion in assets, and is one of the 20 largest mortgage lenders in the United States.
In 1989, it purchased Palm Plaza Savings Bank in Boca Raton, Florida. This purchase resulted in the establishment of the AmTrust Bank division. Today, in addition to the Ohio Savings Bank branches in the Cleveland, Akron and Columbus, Ohio markets, there are AmTrust Bank branches located throughout southeast Florida. Expansion into yet another market continued in 2000, when the first AmTrust Bank branch in the Phoenix, Arizona area was opened.
