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Beal Bank Looking to Open Branch at Mercer Apartments in Walnut Creek

beal-bank-walnut-creek-outside-pre
1631 N. California Blvd, Walnut Creek

Last month I noted that the spa Metamorphosis had closed in the Mercer apartment complex in downtown Walnut Creek and now Texas based Beal Bank is planning to open a branch here pending approval by the Walnut Creek Design Commission.

From Wikipedia:

Both banks are members of and are insured by the Federal Deposit Insurance Corporation (FDIC). The banks offer deposit products to the public including CDs, money market accounts, statement savings accounts, and IRA CD accounts that are insured by the FDIC. The banks are considered wholesale banks because they do not offer consumer loans or checking accounts. Both banks purchase pools of non-agency residential first liens and commercial real estate-secured loans, and also fund commercial loans and participations in loans, through affiliates.