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Beal Bank
Beal Bank is an American bank, which was founded by Texas-based entrepreneur D. Andrew "Andy" Beal. It includes two separately chartered banks, Beal Bank and Beal Bank USA. Each entity is insured by the Federal Deposit Insurance Corporation (FDIC). As wholesale banks, they do not offer consumer loans or checking accounts, and generally purchase loans within the secondary market rather than originating them. As of June 30, 2022, the banks had combined total assets of more than $19.1 billion and combined total capital of more than $3.5 billion. History Beal Bank was founded in 1988 in Dallas, TX. Throughout the 1990s, the company purchased undervalued real estate and savings and loan assets. In 2000, the company purchased more than $1 billion of commercial loans from the Small Business Administration. The company moved its headquarters from Dallas to Plano after buying the former headquarters of the petroleum company, FINA Inc. and began increasing its staff. Throughout its h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andrew Beal
Daniel Andrew Beal (born November 29, 1952) is an American banker, businessman, investor, and amateur mathematician. He is a Dallas-based businessman who accumulated wealth in real estate and banking. Born and reared in Lansing, Michigan, Beal is founder and chairman of Beal Bank and Beal Bank USA, as well as other affiliated companies. According to ''Bloomberg Billionaires Index'', Beal has an estimated worth of US$9.49 billion as of December 2021. A number theorist, Beal is also known for the Beal conjecture, a mathematical generalization of Fermat's Last Theorem. He has funded a $1 million standing prize for its proof or disproof. His banks sponsor two annual science and technology fairs affiliated with the International Science & Engineering Fair. Beal participated in some high-stakes poker games in the mid-2000s that were the subject of a book. Early life and education Beal grew up in Lansing, Michigan, where his mother worked in state government, and his father was a m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LyondellBasell
LyondellBasell Industries N.V. is a multinational chemical company incorporated in the Netherlands with U.S. operations headquartered in Houston, Texas, and offices in London, UK. The company is the largest licensor of polyethylene and polypropylene technologies. It also produces ethylene, propylene, polyolefins, and oxyfuels. LyondellBasell was formed in December 2007 by the acquisition of Lyondell Chemical Company by Basell Polyolefins for $12.7 billion. As of 2016, Lyondell was the third largest independent chemical manufacturer in the United States. History Early history Since its establishment in 1985 from facilities belonging to the Atlantic Richfield Company (ARCO), the company grew through stock swaps with Occidental Chemicals and Millennium Chemicals in 1997 which formed Equistar Chemicals of which each entity were partners. Lyondell purchased the outstanding shares from each of its partners to gain total control of Equistar which is a wholly owned subsidiary of Ly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Plano, Texas
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Based In The Dallas–Fort Worth Metroplex
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
