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Beal Becomes Billionaire With FDIC Assets


Parsad

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  • 3 years later...

"Beal Bank USA’s headquarters in Summerlin is as plain and suburban as they come. It’s a strip-mall storefront, just two doors from a Domino’s Pizza and near a Hallmark store and McDonald’s.

 

It’s no ordinary branch, though. It holds about $2.2 billion in deposits, one of the largest stockpiles of any bank branch in Southern Nevada."

 

http://www.vegasinc.com/business/2014/dec/31/beal-banks-lv-headquarters-tiny-its-22b-deposits-p/

 

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I read the book in the article, "The Professor, the Banker and the Suicide King."

 

It's pretty good, details his battles with the poker pros. Interesting to see what happens when someone so insanely successful enters a field where they have basically no experience, and how they try to solve that disadvantage.

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