User:Sigma0 1/Aurora Bank

WorkInProgress

Aurora Bank is a federal savings bank (FSB) headquartered in Wilmington, Delaware. It is a mid-size bank that offers full-scale banking services.

Aurora Bank is regulated by the Office of Thrift Supervision and the Federal Deposit Insurance Corporation.

History
Aurora Bank was founded on Jan 1, 1921 in Wilmington, Delaware under the name of Delaware Savings And Loan Association. On January 2, 1958, deposits made to the bank were first insured by the Federal Deposit Insurance Corporation (FDIC).

In 1988, the bank was renamed to Delaware Savings Bank, FSB.

Services
Aurora Bank offers full-scale retail banking services in the form of CDs (certificates of deposit), checking and savings accounts, debit cards, mortgages (home loans), and money market accounts. Other consumer banking services include deposit by mail, direct deposit, electronic transfers, refinancing, and online banking services. Its interest rates on CDs have been competitive.

The bank is a member of the Federal Home Loan Bank System; deposits made to the bank are insured to the extent permitted by law by the Federal Deposit Insurance Corporation (FDIC).

Better Business Bureau gives Aurora Bank Consumer Banking Services high ratings in its recent Reliability Report.

Business Services that the bank offers include bond administration, master servicing, default surveillance, post-closing forensic diligence, and others.

Subsidiaries
Aurora Bank owns mortgage lender Aurora Loan Services, LLC in Littleton, Colorado, through which it provides financing to mortgage brokers. The subsidiary company has been considered one of the largest mortgage servicers in the country.