Charles Schwab Bank

Charles Schwab Bank offers checking and savings accounts, home loans, credit cards and other banking services to retail consumers throughout the United States. Charles Schwab Bank is a Member FDIC and an Equal Housing Lender. 

• Executive Management: Paul V. Woolway, President
• History: Charles Schwab Bank, a subsidiary of The Charles Schwab Corporation, opened in April 2003.
• Locations: Headquartered in Reno, Nevada
• Assets: $45.9 billion in balance sheet assets (as of March 31, 2010)
• Banking Accounts: 794,000 (as of May 31, 2010)
• Home Loans: $7.2 billion in outstanding first mortgages and home equity loans (as of March 31, 2010)

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
• Credit cards
• 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.