Waterfield Bank - History

History

Waterfield’s founders and principal shareholders have been involved in financial services for decades. Founded in 1928 by Richard H. Waterfield, Waterfield Mortgage Company became one of the largest privately held mortgage companies in the nation with $20 billion in mortgage servicing and over $10 billion in annual single-family loan originations. Union Federal Bank of Indianapolis, its wholly owned subsidiary, grew to become the largest Indiana-based thrift with $3.5 billion in assets. While the company remains privately held, Waterfield services more than 1 million U.S. consumers.

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