BofI Holding

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BofI Holding, Inc. is a holding company of banks based in San Diego, California. This is the parent company of 8 direct bank. The company has only one branch located in San Diego, California.

About 69.57% of corporate loans are secured by property in California, 8.23% secured by property in New York, and 6.06% secured by property in Florida.

Video BofI Holding

Histori

BofI Holding, Inc. (BofI) was established in Delaware in 1999 for the purpose of arranging and opening a direct bank. After designing and implementing platforms for deposit and loan accounts, it established the Bank of Internet to provide online banking services to its customers. Bank of Internet began operations on July 4, 2000.

On March 15, 2005, the company became a public company through an initial public offering. Offer 3,052,745 common shares at a price of $ 11.50 per share.

In October 2011, the Bank of Internet USA changed its name to BofI Federal Bank, although the bank continued to use the real name as a brand.

In September 2013, the company earned $ 173 million in deposits from the Principal Bank.

In September 2015, the company acquired H & amp; R Block Bank becomes a credit card issuing bank H & amp; R Block-branded and line of credit.

In January 2016, the company launched Individual Retirement Account (IRA) program along with H & amp; R.

In March 2016, the company acquired $ 140 million equipment leasing from Pacific Western Equipment Finance.

In 2017, a marketing executive at the bank is accused of paying $ 500,000 at a false consultation fee to her husband.

Maps BofI Holding

Brand

The company offers banking products under the following names:

• BofI Federal Bank is a direct bank offering banking products for businesses.

Bank of Internet USA is a direct bank that offers consumer banking, business banking, mortgages, commercial and industrial loans, checking accounts, money market accounts, certificates of deposit and solutions cash management. Banks have extended larger loans to wealthy individuals that other banks have rejected, albeit at higher interest rates.

• Central Bank Annuitant , or AnFed Bank, purchasing a structured settlement and payment of a lottery allowance day allowance.

• Apartment Bank provides financing for multi-family, mixed, student, and other rental housing.

• Bank X primarily target Generation X and Generation Y.

• BofI Adviser offers investment products and consulting services.

• NetBank offers a checking account and savings account to people who may have been rejected by another bank.

• UFB Direct is a direct bank whose main product is a checking account that allows customers to get miles to a frequent flyer program.

• Virtus Bank is a concierge bank that caters to high net worth individuals.

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Philanthropy

BofI Federal Bank has provided support to a number of non-profit organizations in the San Diego community, including San Diego Habitat for Humanity, Meals on Wheels, Rady Children's Hospital, and Wounded Soldiers Project

src: www.bofifederalbank.com

References

src: www.snl.com

External links

• Official Website of BofI Holding, Inc.

Source of the article : Wikipedia