Andy Beal Career


Andy Beal founded Beal Bank in Dallas, TX, in 1988, and Beal Bank USA in 2004.

The banks have purchased financial assets and then held them as the market improved for those assets. The banks’ purchases have included:

  • Power generation and infrastructure bonds during the post-Enron California rolling blackouts and energy-deregulation crisis in 2001, providing liquidity for the power industry during a time of crisis
  • Debt instruments backed by aircraft after the 9/11 terrorist attacks on the USA, providing liquidity for the industry
  • Commercial and real estate loans during the global credit crisis of 2008, which provided liquidity to affected markets during this critical period

Beal Bank also purchased two failed banks during the latest financial crisis.

In 2000, American Banker named Beal Bank the most profitable bank in the USA. At the time it had a five-year return on equity of 50 percent. Beal Bank’s return on assets (ROA) was 8:1 in 2008, several times in excess of its peer group (insured savings banks with assets greater than $1 billion) and from 2009-2012 generally exceeded its peer group.

An affiliate bank, Beal Bank USA, is based in Las Vegas, NV. Formerly Beal Savings Bank and Beal Bank Nevada, it was founded in 2004. Beal Bank USA’s return on assets (ROA) is generally several times in excess of its peer group (insured commercial banks with assets greater than $3 billion.)

With 37 total retail branches and retail locations and online banking, Beal Bank and Beal Bank USA report combined capital in excess of $2.7 billion and combined assets of more than $7.0 billion as of December 31, 2019.

The two banks share a common brand, Beal Bank. Both banks are members of and are insured by the Federal Deposit Insurance Corporation (FDIC). The banks offer deposit products to the public including CDs, money market accounts, statement savings accounts, and IRA CD accounts that are insured by the FDIC. The banks are considered wholesale banks. Both banks purchase pools of non-agency residential first liens and commercial real estate-secured loans and also fund commercial loans and participations in loans and syndications, through affiliates.


In 1997, as part of a space privatization trend encouraged by the federal government, Mr. Beal started an aerospace company to build rockets with the goal of placing communications satellites in orbit.

Please see our Beal Aerospace page for more information.

Beal Bank logo

Learn More at​


  • Beal Bank, based in Dallas
  • Beal Bank USA, based in Las Vegas
  • CSG Investments, Inc., based in Dallas
  • Loan Acquisition Corporation, based in Dallas
  • CLG Hedge Fund, LLC, based in Dallas


  • 1988: Beal Bank was founded in Dallas, TX
  • 1997: Mr. Beal started Beal Aerospace
  • 2000: Beal Bank named most profitable bank in the USA
  • 2000 - 2003: Beal Bank purchased debt instruments during crisis events (e.g. Enron, Dynegy, WorldCom, 9-11), providing liquidity for affected industries
  • 2004: Beal Bank USA was founded in Las Vegas, NV
  • 2008: Return ratio for Beal Bank was 8:1, an excellent rating for the industry
  • 2009 - 2010: Beal Bank purchased two failed banks during the financial crisis
  • 2012: Beal Bank and Beal Bank USA have a combined 37 locations