How is Emigrant Direct Bank doing?

How was the Emigrant Savings Bank invented by Shampoo?

• Answer:

  Emigrant Savings Bank Emigrant Bank was founded by Irish emigrants as a mutual savings bank in 1850. By the 1920s it had grown to become the largest savings bank in the nation. As of December 31, 2009, Emigrant Bank and its affiliated Regional Banks* have approximately $15.4 billion in assets and $1.2 billion in total equity capital.Emigrant Bank itself has $12.9 billion of assets and more than $900 million in total equity capital. As a traditional savings bank, Emigrant Bank, through its mortgage banking subsidiary, Emigrant Mortgage Company, is licensed to originate home loans and has provided 17,800 home loans. Emigrant Bank's wealth management division, New York Private Bank & Trust, has its own deposit products starting at $2,000,000. Emigrant Bank is regulated by both State and Federal regulators. All deposits are insured by the FDIC up to the legal limit. Emigrant Bank and Its Regional Banks Combined Statement of Financial Condition December 31, 2009 (000 omitted) Assets Cash and due from banks $ 3,173,310 Money market investments 16,968 Securities 4,996,817 Loans receivable, net 6,108,704 Premises and equipment, net 115,042 Other assets 971,098 Total assets $ 15,381,939 Liabilities and Equity Capital Deposits $ 11,609,985 Borrowed funds 2,511,248 Other liabilities 109,664 Total liabilities 14,230,897 Equity Capital 1,151,042 Total liabilities and Equity Capital $ 15,381,939 *Emigrant Savings Bank - Manhattan, Emigrant Savings Bank - Bronx/Westchester Emigrant Savings Bank - Brooklyn/Queens Emigrant Savings Bank - Long Island FDIC Equal Housing Lender Source: http://www.emigrant.com/aboutus.shtml