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By 2009, Broadway Bank had become burdened with bad loans. On January 26, 2010, the bank agreed to restrictions from state and federal banking regulators: ending dividend payments to the Giannoulias family without regulatory approval, hiring outsiders to evaluate the senior management, adding $19 million to its reserves, raising another $50 million within 90 days to achieve its promised ...
In 1946, Broadway Federal Savings and Loan Association was founded by a group of civic minded people to provide bank services to minorities in the greater Los Angeles area, who were not being serviced by any of the existing financial institutions. The bank received its charter on November 26, 1946 with an initial investment of $150,000.
Broadway Bank (Illinois), a defunct bank founded by the Giannoulias family and closed by the FDIC in 2010 with its assets transferred to MB Financial Bank; Broadway Bank (Texas), a San Antonio bank founded in 1942, also controlling Eisenhower Bank, and still operating; Broadway Bank and Trust Company, a California bank bought by Orra E ...
However, if you were a victim of fraud — for example, someone hacked into your bank account or stole your identity — you may have more luck in getting your money back.
New account fraud: This occurs when a fraudster uses someone else’s information to open a new bank account or credit card account, or to apply for a loan. “[To help prevent] new account fraud ...
Nearly all bank customers, or 92%, said they were “likely to reuse their bank” after the institution resolved a case of fraud. Most fraud victims said they still felt pretty good about their bank.
Broadway Bank is a community bank founded in 1941, founded by Col. Charles E. Cheever Sr. and his wife, Elizabeth Cheever. [3] Broadway Bank has twenty-eight banking centers and two loan production offices spread across San Antonio, Austin, Dallas, Houston and the Texas Hill Country .
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