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Umbrella Bank is an online banking division of Beal Bank. Beal Bank is headquartered in Dallas, Texas and was founded in 1988. Umbrella Bank itself offers savings accounts, money market accounts, CDs, and retirement accounts. Neither Umbrella Bank nor Beal Bank itself offer loans or checking accounts to consumers, which is why Beal Bank is considered a whole bank.
Today, Beal Bank includes 21 banking branches, along with UmbrellaBank.com, MyCDBank.com, and a few other affiliates. Together, the Beal Bank family has over $6 billion in assets.
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UmbrellaBank.com offers CDs, Mortgages, Savings Accounts and other banking products.
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