BofI Holding, Inc. · San Diego, CA United States ·(NASDAQ (GM): BOFI)
Company Description
Phone: 858-350-6200
Fax: 858-350-0443
View BofI Holding, Inc. Locations On A US Map
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This link will open in a new window BofI Holding owns Bank of Internet USA, a savings bank that operates online in all 50 states. The bank offers checking, savings, and money market accounts, CDs, and ATM and check cards. Multifamily real estate loans account for nearly two-thirds of the company's loan portfolio, although the bank only offers them in selected states; it also acquires them on the secondary market. Offered nationwide, single-family residential mortgages make up nearly 30% of its loan portfolio. Bank of Internet USA also issues home equity, automobile, and recreational vehicle loans. Officers and directors own more than 30% of BofI Holding's stock. To read the full description, subscribe now.
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Key BofI Holding, Inc. Financials
| Company Type | Public - NASDAQ (GM): BOFI Single Location |
| Fiscal Year-End | June |
| 2009 Sales (mil.) | $29.7 |
| 2009 Employees | 57 |
BofI Holding, Inc. Executives
12 executives listed for BofI Holding, Inc.'s San Diego, CA location.
| Title | Name & Bio | Contact |
| Chairman | Theodore Allrich | Network |
| President and CEO | Gregory Garrabrants | Network |
| SVP and CFO | Andrew Micheletti | Network |
Competition
Competitive Landscape for BofI Holding, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top BofI Holding, Inc. Competitors
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