| dbo:abstract |
Aurora Bank was a federal savings bank (FSB) headquartered in Wilmington, Delaware, established in 1921 under the name Delaware Savings And Loan Association. It reorganized as an FSB in 1988 and became a subsidiary of Lehman Brothers in 1999, renamed as Lehman Brothers Bank. The bank spearheaded Lehman's mortgage loan business while continuing to offer retail deposit accounts. After the 2008 failure of its parent company the bank continued to operate, but its capital position deteriorated rapidly due to deposit withdrawals. The Office of Thrift Supervision imposed special restrictions on its business and the Lehman bankruptcy estate invested hundreds of millions of dollars to prevent its failure. It changed its name to Aurora Bank and, in 2012, exited the banking business by selling most assets and insured deposits to New York Community Bank and most loan servicing interests to Nationstar Mortgage and Selene Finance. The following year it relinquished its banking charter and relocated to Littleton, Colorado. The company remained a party in litigation relating to its loan origination practices under Lehman Brothers, and in 2018 it paid a $41 million civil penalty to the federal government to settle claims that it had misrepresented the quality of its loans. It entered liquidation in September 2020. (en) |
| dbo:fate |
Chapter 11liquidation (en) |
| dbo:foundingYear |
1921-01-01 (xsd:gYear) |
| dbo:industry |
dbr:Financial_services dbr:Banking |
| dbo:location |
dbr:Wilmington,_Delaware |
| dbo:numberOfEmployees |
1900 (xsd:nonNegativeInteger) |
| dbo:parentCompany |
dbr:Lehman_Brothers |
| dbo:product |
dbr:Mortgage_loan dbr:Service_(economics) dbr:Retail_banking dbr:Commercial_Services |
| dbo:thumbnail |
wiki-commons:Special:FilePath/Aurora-bank-logo.jpg?width=300 |
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4739 (xsd:nonNegativeInteger) |
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| dbo:wikiPageWikiLink |
dbr:Mortgage_loan dbr:Delaware dbc:Banks_disestablished_in_2013 dbr:Colorado dbr:Office_of_Thrift_Supervision dbr:Mortgage dbr:Mr._Cooper dbr:Lehman_Brothers dbr:Littleton,_Colorado dbr:Loan_origination dbc:American_companies_disestablished_in_2020 dbr:Wilmington,_Delaware dbr:File:Aurora-bank-logo.jpg dbc:Banks_established_in_1921 dbr:Bankruptcy_of_Lehman_Brothers dbr:Federal_savings_bank dbc:Lehman_Brothers dbc:Mortgage_lenders_of_the_United_States dbc:American_companies_established_in_1921 dbc:Companies_based_in_Wilmington,_Delaware dbc:1921_establishments_in_Delaware dbc:2020_disestablishments_in_Colorado dbc:Banks_based_in_Delaware dbr:Financial_capital dbr:Financial_services dbr:New_York_Community_Bank dbr:Service_(economics) dbr:Chapter_11 dbr:Banking dbr:Retail_banking dbr:Commercial_Services |
| dbp:defunct |
2013 (xsd:integer) 2020 (xsd:integer) |
| dbp:fate |
Chapter 11 liquidation (en) |
| dbp:foundation |
dbr:Wilmington,_Delaware (en) |
| dbp:industry |
dbr:Financial_services dbr:Banking |
| dbp:location |
Brandywine Building, 1000 West Street, Wilmington, Delaware, U.S. (en) |
| dbp:logo |
dbr:File:Aurora-bank-logo.jpg |
| dbp:name |
Aurora Bank (en) |
| dbp:numEmployees |
1900 (xsd:integer) |
| dbp:parent |
dbr:Lehman_Brothers |
| dbp:products |
dbr:Mortgage_loan dbr:Service_(economics) dbr:Retail_banking dbr:Commercial_Services |
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dbt:Infobox_company dbt:Portal dbt:Reflist dbt:Short_description |
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| gold:hypernym |
dbr:Savings |
| rdf:type |
owl:Thing dbo:Company schema:BankOrCreditUnion schema:Organization dul:Agent dul:SocialPerson dbo:Agent wikidata:Q24229398 wikidata:Q43229 wikidata:Q4830453 yago:WikicatBanksBasedInDelaware yago:WikicatBanksEstablishedIn1921 yago:WikicatCompaniesBasedInWilmington,Delaware yago:Abstraction100002137 yago:Company108058098 yago:DepositoryFinancialInstitution108420278 yago:FinancialInstitution108054721 yago:Group100031264 yago:Institution108053576 yago:Organization108008335 yago:YagoLegalActor yago:YagoLegalActorGeo yago:YagoPermanentlyLocatedEntity dbo:Bank dbo:Organisation yago:SocialGroup107950920 |
| rdfs:comment |
Aurora Bank was a federal savings bank (FSB) headquartered in Wilmington, Delaware, established in 1921 under the name Delaware Savings And Loan Association. It reorganized as an FSB in 1988 and became a subsidiary of Lehman Brothers in 1999, renamed as Lehman Brothers Bank. The bank spearheaded Lehman's mortgage loan business while continuing to offer retail deposit accounts. (en) |
| rdfs:label |
Aurora Bank (en) |
| owl:sameAs |
freebase:Aurora Bank yago-res:Aurora Bank wikidata:Aurora Bank https://global.dbpedia.org/id/4U3mr |
| prov:wasDerivedFrom |
wikipedia-en:Aurora_Bank?oldid=1081459342&ns=0 |
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wiki-commons:Special:FilePath/Aurora-bank-logo.jpg |
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wikipedia-en:Aurora_Bank |
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Aurora Bank (en) |
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dbr:AuroraBank dbr:Lehman_Brothers_Bank |
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| is foaf:primaryTopic of |
wikipedia-en:Aurora_Bank |
