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July 28, 2015 12:09 AM ET

Thrifts and Mortgage Finance

Company Overview of E*Trade Bank

Company Overview

E*Trade Bank offers Internet banking services in the United States. Through the Internet, telephone, and other direct-delivery channels, the bank offers various products and services, including savings account, money market account, checking account, online account information, and transfer of funds. The company was formerly known as Etrade Bank and it changed its name in June 2001. E*Trade Bank was founded in 1933 and is based in Arlington, Virginia. E*Trade Bank operates as a subsidiary of ETB Holdings, Inc.

671 North Glebe Road

10th Floor

Arlington, VA 22203

United States

Founded in 1933

3,146 Employees

Phone:

678-624-6210

Fax:

678-624-8502

Key Executives for E*Trade Bank

President, Director, Chief Executive Officer of E*Trade Financial Corporation and Director of E*Trade Financial Corporation
Age: 54
Chairman of the Board, Chairman of TeleBank, Chief Risk Management Officer of TeleBank and President of TeleBanc Capital Markets Inc
Age: 52
Chief Operating Officer, Executive Vice President, Chief Operating Officer - TeleBank and Executive Vice President - TeleBank
Age: 51
Executive Vice President, Chief Executive Officer of TeleBanc Capital Markets Inc. and Executive Vice President of TeleBank
Age: 50
Chief Marketing Officer, Executive Vice President, Chief Marketing Officer - TeleBank and Executive Vice President - TeleBank.
Age: 53
Compensation as of Fiscal Year 2015.

E*Trade Bank Key Developments

E*TRADE Bank Reports Earnings Results for the First Quarter Ended March 31, 2015

E*TRADE Bank reported earnings results for the first quarter ended March 31, 2015. Net income was $92 million against $116 million last year. Total net revenue was $296 million against $456 million last year. Income before income taxes was $152 million against $187 million last year.

E*Trade Bank Reports Earnings Results for the Third Quarter Ended September 30, 2014

E*Trade Bank reported earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported total net revenue of $427 million against $397 million a year ago. Income before income taxes was $178 million against $139 million a year ago. Net income was $119 million against $85 million a year ago.

E*TRADE Bank Receives Regulatory and Bank Board Approval to Dividend

E*TRADE Financial Corporation announced that its subsidiary, E*TRADE Bank, has received regulatory and Bank Board approval to dividend $75 million of capital to the Company during the first quarter of 2014.

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