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: $55.8 billion in balance sheet assets* (as of Mar. 31, 2011)
• Banking Accounts: 719,000** (as of Mar. 31, 2011)
• Home Loans: $8.6 billion in outstanding first mortgages and home equity loans* (as of Mar. 31, 2011)

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