Beal Bank

Beal Bank is an American bank, which was founded by Texas-based entrepreneur D. Andrew "Andy" Beal. It includes two separately chartered banks, Beal Bank and Beal Bank USA. Each entity is insured by the Federal Deposit Insurance Corporation (FDIC).

Beal Bank
Company typePrivate
IndustryBanking
Founded1988 (1988)
FounderD. Andrew "Andy" Beal
Headquarters
Plano, Texas
Number of locations
17
Total assets$39.6 billion (2023)
Websitewww.bealbank.com

As wholesale banks, they do not offer consumer loans or checking accounts, and generally purchase loans within the secondary market rather than originating them. As of March 31, 2023, the banks had combined total assets of more than $39.6 billion and combined total capital of more than $3.7 billion.

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