Countrywide Bank

Countrywide Bank is part of the Countrywide Financial Corporation. This group of companies is a member of the Federal Deposit Insurance Corporation. Countrywide Financial Bank of America came to be on May 17, 2001 when Treasury Bank was acquired by Countrywide Bank of America. Countrywide provides commercial banking services in addition to being the biggest home loan provider in the United States.

Countrywide Bank prides itself on stability and dependability. Their customer service is excellent and they have built a great reputation on their service. They provide a diverse variety of financial services and are lead the United States in helping millions of American families attain home ownership.

Unlike most commercial banks, Countrywide Bank concentrates on what customers want most. That’s more interest on their accounts. Countrywide Bank keeps overhead low so they can pass on substantial cost savings on to customers. Countrywide Bank money market rates are some of the highest in the industry. In addition, Countrywide Bank CD rates are always competitive. So next time you have extra money you don’t mind setting aside for a while, you may want to consider a Countrywide Bank CD. Countrywide Bank rates keep their customers happy. That’s probably why a rating on Countrywide Bank by customers usually comes back positive.

Countrywide Bank knows business people need a bank that understands the value of time. This bank seeks to provide superior customer service through their Premier Business Banking division. They streamline business banking to create a better customer satisfaction. Countrywide bank helps a business owner build cash reserves, get emergency funds, or save for capital purchases. Whatever your business, large or small, Premier Business Bankers want to help meet your unique needs.

Lately there has been a lot of talk about Bank of America and Countrywide possibly joining forces. As the largest mortgage lending institution in the United States, Countrywide is attractive to Bank of America. Countrywide home loans would boost Bank of America’s business in the mortgage area.

As of January 2006, talks between Countrywide and Bank of America were still at the preliminary stages and no agreements had been reached. Some may argue that Countrywide Bank has problems, but they are still the leading mortgage lender and a Countrywide & Bank of America merger could shift that honor to Bank of America. Buying Countrywide home loans would be a first step in this area. If Bank of America buys Countrywide home loans, no doubt they will become the leader in mortgages.