OVER 45 YEARS OF SERVICE
Home Loan Investment Bank has provided customers with
competitive home equity loans, knowledgeable advice, and
financial guidance since 1959, and we have the strength and
longevity to continue meeting this goal into the future.
| IMPORTANT DATES IN Home Loan Investment Bank'S
HISTORY |
|
1959 |
Home Loan Investment Bank granted charter |
|
1979 |
Home Loan Investment Bank opens new headquarters in Providence, RI |
|
1982 |
Residential lending expands to mid-Atlantic |
|
1983 |
Assets exceed $59 million. Home Loan Investment Bank becomes the
first mortgage originator to sell pool of home
equity loans to Freddie Mac and the second to Fannie
Mae |
|
1986 |
Assets exceed $100 million |
|
1988 |
FDIC deposit insurance granted |
|
1989 |
Bank opens its second branch |
|
1990 |
Assets exceed $200 million |
|
1992 |
Bank completes first loan securitization and also
reactivates SBA Lending Program |
|
1993 |
Residential lending expands to Midwest |
|
1994 |
Assets exceed $250 million. Home Loan Investment
Bank opens corporate headquarters at
One Home Loan Plaza in
Warwick, RI. |
|
1995 |
Bank converts charter to Federal Savings Bank and
residential lending expands to west coast; Bank also
receives SBA "Preferred Lender" status |
|
1996 |
Bank opens state-of-the-art call center |
|
1999 |
Assets exceed $275 million |
|
2002 |
Commercial lending expanded to mid-Atlantic states |
|
2003 |
Home Loan Investment Bank receives "outstanding" rating for
Community Reinvestment for the 10th consecutive year |
|
2004 |
Home Loan Investment Bank is recognized as one of Freddie Mac's top
200 lenders in the country |
|
2005 |
Home Loan Investment Bank launches website. Home Loan Investment Bank's commercial lending division
takes on a new name, Ocean Capital. |
|
|
