Waterfield Bank

The Waterfield Group is a financial services holding company that was founded in 1928 by Richard H. Waterfield.[1][2][3] J. Randall Waterfield, a former manager at Goldman Sachs and grandson of Richard H. Waterfield, serves as the Waterfield Group’s chairman.[4] As of 2000, the Waterfield Group was the largest privately held mortgage company in the US.[5]

Waterfield Group
IndustryFinancial services
FounderRichard H. Waterfield
Area served
ServicesInvestment banking
Trading & principal investments
Asset management

The Waterfield Group sold its mortgage company, Waterfield Mortgage, in December 2006 to Sky Financial Group.[6] In 2010, the Federal Deposit Insurance Corporation closed Waterfield Bank, which was majority-owned by the Waterfield Group.[7]


  1. ^ "SMTC names Waterfield to board of directors". M2 EquityBites. April 24, 2012.
  2. ^ Doug LeDuc (February 23, 2000). "Fort Wayne, Ind.-Based Bank's Subsidiary Opens Online Site". Knight Ridder.
  3. ^ Robert Goldfield (October 15, 2001). "Home lender Waterfield arrives in Oregon". Portland Business Journal.
  4. ^ "RF Industries Inks Agreement with Red Oak Partners". Entertainment Close-Up. September 1, 2011.
  5. ^ "Fort Wayne, Ind., Mortgage Company Seeks Compensation for Fraud Scheme". Tribune Business News. February 26, 2000.
  6. ^ "Sky closes deal, sees higher earnings". Dayton Business Journal. October 18, 2006.
  7. ^ E. Scott Reckard (March 9, 2010). "FDIC shuts down Affinity-owned thrift in Maryland". Los Angeles Times.

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