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Ohio Savings Bank – An Overview
Introduction
The Ohio Savings Bank was originally founded in 1889 in Cleveland, Ohio as a local savings and loans based institution. Now, renamed as the AmTrust Bank, the institution has diversified into the vast series of services including retail banking, mortgage and construction lending, investment and insurance service, indirect auto lending and many more.
It was in 1989 that the Ohio Savings Bank purchased the Pal Plaza Savings Bank in Boca Raton, Florida, resulting in the establishment of the AmTrust Bank division. In addition to the AmTrust branches in Cleveland, Akron, Columbus and Ohio Markets, there are branches located throughout southeastern Florida. With further expansion into yet another market in 2000, the first AmTrust Bank branch was established din Phoenix in Arizona.
Finally, it was in April 2007, that the Ohio Savings Bank was renamed as the AmTrust Bank, to represent the institution’s national presence.
The Services
Since its inception in 1889, the Ohio Savings Bank has grown from a savings and loan with a single branch office in Cleveland and only $20,000 in assets to being one pf the nation’s largest mortgage lenders. As of November 1998, the Ohio savings Bank boasted of being a $5.5 billion bank, with 45 branches in Ohio and Florida
It was in 2004, that the bank began to sense the need of inculcating the IT infrastructure into its work system. Hence, the bank began thinking of consolidating its legacy systems with an enterprise grid computing solution from Oracle. The new system was planned to lay ground for a services-based architecture that would eventually consolidate the bank’s call centre, mortgage application and data warehouse into a unified architecture.
It was further in 1998 that Microsoft announced that the Ohio Savings Bank has been equipped with a new computer infrastructure on the framework of Microsoft Windows Distributed internet Application architecture for Financial Services.
This development made the Ohio Savings Bank the first in its class to combine good customer service and streamlined operations with innovative, cutting-edge technology, building an efficient digital nervous system. The entire system was meant to benefit the customers, providing them with a high-class and efficient infrastructure for their banking operations. This development was also aimed at putting the bank on a firm foothold amongst the leading financial services of the nation, also enabling the users to take full advantage of personalized commuting services of their banking activities.
The Ohio Savings Bank continues to be one of the leading names in the financial sector in the region, though now represented under a different brand name altogether, but still enjoying the same legacy and an extremely sound goodwill.
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Ing Orange Savings Specific links
Ing Orange Savings News
"My Savings Goals" From ING DIRECT USA Makes Saving Simpler and Controlling ... - MarketWatch (press release)
"My Savings Goals" From ING DIRECT USA Makes Saving Simpler and Controlling ... MarketWatch (press release) ING DIRECT USA and Capital One today launched My Savings Goals, a tool to help Orange Savings Account(SM) and Kids Savings Account(SM) Customers plan and save for every aspect of their lives. Getting on the Savings JourneyThe new My Savings Goals tool ... |
ING Direct Adds New Savings Tool - New York Times (blog)
 New York Times (blog) | ING Direct Adds New Savings Tool New York Times (blog) Customers can manually transfer funds or set up an automatic savings plan so the designated amount is drawn from another account — say, an ING Electric Orange checking account, or another account at a different bank — at specified intervals. |
Deposit Checks Anytime, Anywhere: ING DIRECT USA Introduces CheckMate(SM) - MarketWatch (press release)
Deposit Checks Anytime, Anywhere: ING DIRECT USA Introduces CheckMate(SM) MarketWatch (press release) ING DIRECT's CheckMate gives Customers the flexibility and convenience to deposit checks anytime and from anywhere. By simply snapping a picture of a check, Customers can directly deposit money into their Electric Orange(SM) checking, Orange Savings ... |
Deposit Checks Anytime, Anywhere: ING DIRECT USA Introduces CheckMate(SM) - PR Newswire (press release)
Deposit Checks Anytime, Anywhere: ING DIRECT USA Introduces CheckMate(SM) PR Newswire (press release) ING DIRECT's CheckMate gives Customers the flexibility and convenience to deposit checks anytime and from anywhere. By simply snapping a picture of a check, Customers can directly deposit money into their Electric Orange(SM) checking, Orange Savings ... |
Why Some Checking Accounts Have Higher Rates Than Savings Accounts - Deposit Accounts (blog)
 Deposit Accounts (blog) | Why Some Checking Accounts Have Higher Rates Than Savings Accounts Deposit Accounts (blog) There are other examples with checking accounts with higher interest rates than savings and money market accounts. One is at ING Direct. For large balances, ING Direct's Electric Orange (EO) checking account has a yield higher than the Orange Savings ... |