August 21, 2014 8:26 PM ET

Banks

Company Overview of AIG Federal Savings Bank

Company Overview

AIG Federal Savings Bank provides banking services to consumers, small businesses, and AIG policyholders and employees. It offers insured deposit products, certificates of deposit, and money market accounts, as well as provides ATM cards. The company provides loan products, such as fixed mortgage and fixed-to-adjustable mortgages for homebuyers and homeowners, and home equity lines of credit. It offers its services on-line, over the phone, by mail, and through a group of financial advisors. The company was founded in 2000 and is based in Wilmington, Delaware. AIG Federal Savings Bank operates as a subsidiary of American International Group, Inc.

One Alico Plaza

600 King Street

Wilmington, DE 19801-3722

United States

Founded in 2000

Phone:

302-661-8998

Key Executives for AIG Federal Savings Bank

Chief Executive Officer
Senior Vice President of Finance and Controller
Chief Operating Officer and Senior Vice President
Senior Vice President and General Counsel
Chief Compliance Officer and Senior Vice President
Compensation as of Fiscal Year 2014.

AIG Federal Savings Bank Key Developments

AIG To Sell AIG Federal Bank

American International Group, Inc. is considering to sell AIG Federal Savings Bank. Robert Benmosche, Chief Executive of AIG, said, "It's a business that doesn't makes sense to be in. We're exploring a sale. We're exploring turning it into a trust vehicle rather than a savings institution with deposits. We are also now looking at ways we could become direct investors in mortgages." However, Benmosche declined to say what is expected for the unit.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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