Bank looks to set up shop in Maricopa

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Maricopa residents look like they’ll have a new bank to call home sometime next year.

AmTrust Bank recently indicated that it will be bringing its services to Maricopa just up and across the street from the Fry’s Marketplace.

AmTrust Bank Public Relations Director Debbie Martinko said the branch is not due to open until April 2008. “That date is relatively tentative,” Martinko said. “I do not have much in the way of details to share at this point,” she added.

AmTrust Bank was founded more than 100 years ago in Cleveland and was originally known as Ohio Savings. According to the company, the bank ended its first year with one office and $20,000 in assets.

Today, the company is a player in retail banking, mortgage and construction lending, investment and insurance services. The company claims to be one of the 20 largest mortgage lenders in the U.S., and has more than $17 billion in assets.

Nearly 20 years ago, AmTrust Bank purchased Palm Plaza Savings Bank in Florida, and renamed it AmTrust Bank.

In addition to the branches in Florida, expansion into Arizona started in 2000 when the company opened its first AmTrust Bank branch in the Phoenix area.

Photo by Dave Thomas