Bespoke Banking Exceeds $200 Million in Deposits

Providence, RI – Admirals Bank announced that its franchise banking division, Bespoke Banking, exceeded $200 million in deposits, just 15 months after the initial launch in 2011. Bespoke Banking is a private, consumer banking division that is comprised of a unique deposit product line and dedicated Relationship Banking Officers who have the capability to meet clients at their home, office or location of their preference to conduct banking activities. Bespoke Banking provides clients with the highest levels of customer service, attention and expertise.

In addition, Admirals Bank offers Bespoke Banking clients a variety of online and mobile banking services which now include Mobile Deposit Capture – an easy way to deposit checks directly from a mobile device. Admirals Bank consistently leverages the latest banking technology as part of a continuing effort to give clients the ability to do their banking easily from anywhere.

Lee Pollock, SVP and Chief Sales and Relationship Banking Officer stated, “Providing clients with online and mobile banking services allows them to bank on their time and not be bound by branch hours.”

Admirals Bank maintains three Bespoke Banking Centers, one located at 579 Boylston Street in Boston, MA, another at 40 East Street in Ludlow, MA and the third recently opened on the first floor at 15 Park Row West, in Providence, RI. Bespoke Banking clients are invited to visit these centers to conduct any of their banking transactions.

The continued growth and success of Bespoke Banking, fused with state-of-the-art banking technology, reflects the Bank’s continued successful execution of its emphasis and focus on pioneering the private banking industry. Also, as part of its strategy to move away from the traditional branch model, on June 28, 2013 Admirals Bank will be closing their branch at 815 Reservoir Ave in Cranston, RI.

Mr. Pollock continued, “Our Bespoke Banking clients prefer a high-touch banking experience and we have Relationship Banking Officers complemented with a fleet of vehicles to respond to their financial requests. Banking is something you do, not somewhere you go.”

About Admirals Bank

Admirals Bank is a federally-chartered financial institution headquartered in Boston, MA with a Regional Banking Center in Providence, RI. Admirals Bank is an active acquirer of commercial real estate loans in the secondary market and also remains a leading national provider of the Title I Home Improvement Loan. Admirals Bank continues to focus its Title I lending efforts in the residential solar and renewable energy industry. Admirals Bank also offers customers additional borrowing options such as Residential Mortgages and Personal Loans. Admirals Bank provides customers with classic banking options such as checking, savings and money market accounts, which can be conveniently opened and maintained online or via a mobile device. Admirals Bank also introduced Bespoke Banking to the financial industry, which is individually tailored, highly customized, relationship banking. Admirals Bank is an Equal Housing Lender and Member FDIC.

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