Charles Schwab Bank offers checking and savings accounts, home loans and other banking services to retail consumers throughout the United States. Charles Schwab Bank is a Member FDIC and an Equal Housing Lender.
Schwab Bank Facts
- Executive Management: Paul V. Woolway, President
- Locations: Headquartered in Reno, Nevada
- Assets: $67.8 billion in balance sheet assets* (as of Mar. 31, 2012)
- Banking Accounts: 808,000** (as of Apr. 30, 2012)
- Home Loans: $9.0 billion in outstanding first mortgages and home equity loans* (as of Mar. 31, 2012)
- History: Charles Schwab Bank, a subsidiary of The Charles Schwab Corporation, opened in April 2003.
Products and Services
Charles Schwab Bank offers a wide range of retail banking products and services including:
- Certificates of deposit
- Checking accounts linked to brokerage accounts
- Demand deposit accounts
- First mortgages
- Home equity lines of credit
- Pledged-asset loans
- Savings accounts
Charles Schwab Bank also has a Personal Trust Services division, which provides Administrative Trustee services for trusts of clients of independent Registered Investment Advisors.
* Reported on a quarterly basis
** Reported on a monthly basis
