Corporate Profile for Continental Savings Bank, dated Jan. 24, 1997.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine See AOL. , CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company, Prodigy, Comtex, and many others. -0-
Published Date: 24 January 1997
Company Name: Continental Savings Bank
Address: 601 Union St.
Ste. 200
Seattle, WA 98101-2326
Main Telephone
Number: 206/623-3050
800/654-1075
President/
Chief Executive
Officer: Richard S. Swanson
Public Relations
Contact: Mary Kelley
Business number: 800/654-1075, ext. 4427
Industry: Banking, real estate finance
Company description: ------------------- Continental Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. that is celebrating 75 years in business. With headquarters in Seattle, Continental offers diversified financial services, including retail banking, single-family residential and income property lending, insurance and property management. Continental operates a branch network of nine savings bank branches in western Washington and Oregon along with 17 home lending centers in Washington, Oregon, Idaho and Hawaii. At year-end 1996, the company reported $751 million in assets and was ranked by a local business publication as the sixth largest thrift institution Thrift institution An organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are thrift institutions. in the Puget Sound area and the seventh largest residential lender in Washington. In Oregon, Continental was ranked the eighth largest residential lender. Continental currently services $3.6 billion in home loans. In 1996, Continental Mortgage Co. originated $481 million in home loans. The company also closed another $181 million in single-family residential construction and land loans, $104 million in permanent income property loans and $6.7 million in income property construction loans. Continental Savings Bank has received a "Five Star" rating by Bauer Financial Reports and a "Superior" rating by IDC Financial Services, representing the fact that it is among the top performing financial institutions in the United States. In addition, Continental has an "Outstanding" Community Reinvestment Act Community Reinvestment Act (CRA) Enacted by Congress in 1977, the CRA encourages banks to help meet the credit needs of their communities for housing and other purposes, particularly in neighborhoods with low or moderate incomes, while maintaining safe and sound operations. Rating for addressing the housing credit needs of the communities it serves. CONTACT: Continental Savings Bank |
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