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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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Broadway would normally pay a discount rebate to brokers who brought loans to the bank. From 2007 to 2010, he "demanded from the brokers that all or part of that rebate amount be paid to him." According to the Department of Justice, the scheme netted the loan officer $350,000, and caused losses to the bank of at least $4.2 million. [ 7 ]
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With an online bank, your banking tasks are completed through your computer, phone or smart device — from opening your account, to setting up your login details, to actively managing your money.
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