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AmTrust Financial Building, formerly known as McDonald Investment Center, Key Center and the Central National Bank Building, is a commercial high-rise building in Cleveland, Ohio. The building rises 308 feet (94 m) in Downtown Cleveland. [1] It contains 23 floors, [1] and was completed in 1969. [2]
The bank was founded in 1889 as Ohio Savings, Loan & Building Co. [1] In 1963, Leo Goldberg acquired control of the company. [1] In 1975, the bank acquired Citizens Federal Savings & Loan of Akron. [1] In 1978, the bank acquired Shaker Savings. [1] In 1989, the bank acquired Palm Plaza Savings Association, based in Boca Raton, Florida. [2]
In November 2018, AmTrust completed a go-private transaction, merging with Evergreen Parent, L.P., an entity formed with private equity funds managed by Stone Point Capital LLC, together with the Karfunkel-Zyskind family. [15] In January 2019, AmTrust voluntarily delisted and deregistered all series of preferred stock and subordinated notes. [16]
One of these, AmTrust, was no normal bank failure. The bank, which had a total of 66 branches, was closed by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance ...
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The tallest building in Cleveland is the 57-story Key Tower, which rises 947 feet (289 m) on Public Square. [1] The tower has been the tallest building in Ohio since its completion, in 1991; it also was the tallest building in the United States between Chicago and New York City before the completion, in 2007, of the Comcast Center in ...
In August 2008, the Bank sold the building to AmTrust but continues to occupy 0.8 million square feet (74,000 m 2) of the 1.2 million square feet (110,000 m 2) in the building under a lease that runs through 2020. [6] [7] In April 2017, the bank announced it would relocate its offices to a new tower under development at 110 North Wacker. [8]