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| '''Laurel Road''' (formerly known as '''Darien Rowayton Bank''') is an online financial services company headquartered in New York City. Laurel Road was initially founded as the national lending division of Darien Rowayton Bank (DRB) in 2013 and acquired by [[KeyBank]] in 2019.<ref name=":2">{{Cite news |last=Soule |first=Alexander |title=KeyBank acquires NYC lender with roots in Darien |url=https://www.thehour.com/business/ar...-NYC-lender-with-roots-in-Darien-13539755.php |work=[[The Hour (newspaper)]]}}</ref> Laurel Road operates in all 50 states of the US.<ref>{{Cite news |last=Grice |first=Jordan |title=Darien Rowayton Bank deepens roots in Park City |url=https://www.ctpost.com/business/article/Darien-Rowayton-Bank-deepens-roots-in-Park-City-12407677.php |access-date=2024-04-08 |work=[[Connecticut Post]] |language=en}}</ref><ref name=":3">{{Cite news |last=Soule |first=Alexander |title=Darien bank squeezing out founding investors |url=https://www.stamfordadvocate.com/bu...-squeezing-out-founding-investors-6370988.php |access-date=2024-04-08 |work=[[Stamford Advocate]] |language=en}}</ref> | '''Laurel Road''' (formerly known as '''Darien Rowayton Bank''') is an online financial services company headquartered in New York City. Laurel Road was initially founded as the national lending division of Darien Rowayton Bank (DRB) in 2013 and acquired by [[KeyBank]] in 2019.<ref name=":23">{{Cite news |last=Soule |first=Alexander |title=KeyBank acquires NYC lender with roots in Darien |url=https://www.thehour.com/business/ar...-NYC-lender-with-roots-in-Darien-13539755.php |work=[[The Hour (newspaper)]]}}</ref> Laurel Road operates in all 50 states of the US.<ref>{{Cite news |last=Grice |first=Jordan |title=Darien Rowayton Bank deepens roots in Park City |url=https://www.ctpost.com/business/article/Darien-Rowayton-Bank-deepens-roots-in-Park-City-12407677.php |access-date=2024-04-08 |work=[[Connecticut Post]] |language=en}}</ref><ref name=":3">{{Cite news |last=Soule |first=Alexander |title=Darien bank squeezing out founding investors |url=https://www.stamfordadvocate.com/bu...-squeezing-out-founding-investors-6370988.php |access-date=2024-04-08 |work=[[Stamford Advocate]] |language=en}}</ref> |
| The company reported that $9 billion in federal and private school loans had originated through its platform up to September 23, 2021.<ref>{{Cite web |last=Morris |first=Sebastian |date=2022-07-24 |title=Laurel Road Joins 'Zero Irving' at 124 East 14th Street in Union Square, Manhattan |url=https://newyorkyimby.com/2022/07/la...st-14th-street-in-union-square-manhattan.html |access-date=2024-04-08 |website=New York YIMBY |language=en-US}}</ref><ref name=":1">{{Cite web |title=Laurel Road Student Loan Cashback Card Review 2024 – Forbes Advisor |url=https://www.forbes.com/advisor/credit-cards/reviews/laurel-road-student-loan-cashback-card/ |access-date=2024-04-08 |website=www.forbes.com}}</ref> | The company reported that $9 billion in federal and private school loans had originated through its platform up to September 23, 2021.<ref>{{Cite web |last=Morris |first=Sebastian |date=2022-07-24 |title=Laurel Road Joins 'Zero Irving' at 124 East 14th Street in Union Square, Manhattan |url=https://newyorkyimby.com/2022/07/la...st-14th-street-in-union-square-manhattan.html |access-date=2024-04-08 |website=New York YIMBY |language=en-US}}</ref><ref name=":1">{{Cite web |title=Laurel Road Student Loan Cashback Card Review 2024 – Forbes Advisor |url=https://www.forbes.com/advisor/credit-cards/reviews/laurel-road-student-loan-cashback-card/ |access-date=2024-04-08 |website=www.forbes.com}}</ref> |
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| In 2006, Darien Rowayton Bank was founded in Connecticut, and in 2009,<ref>{{Cite news |title=Connecticut regulators approve sale of Darien student lender |url=https://www.thehour.com/business/article/Connecticut-regulators-approve-sale-of-Darien-13738006.php |work=The hour}}</ref> the company was acquired by Alcar LLC<ref>{{Cite web |title=Bank MergersAcquisitions in Connecticut |url=https://portal.ct.gov/DOB/Bank-Information/Bank-Information/Bank-MergersAcquisitions-in-Connecticut |access-date=2024-04-10 |website=CT.gov - Connecticut's Official State Website |language=en}}</ref><ref>{{Cite news |title=Darien Rowayton Bank arranges $6.5M commercial credit facility for Clearwater Acquisitions, LLC |url=https://www.darientimes.com/news/bu...yton-bank-arranges-6-5m-commercial-981393.php |work=The Darien Times}}</ref> and a new management team was put in place.<ref name=":33">{{Cite news |last=Soule |first=Alexander |title=Darien bank squeezing out founding investors |url=https://www.stamfordadvocate.com/bu...-squeezing-out-founding-investors-6370988.php |access-date=2024-04-10 |work=[[Stamford Advocate]] |language=en}}</ref><ref>{{Cite news |last=Fallon |first=Bill |title=Darien Rowayton Bank president sees brighter future |url=https://www.stamfordadvocate.com/bu...yton-Bank-president-sees-brighter-6063777.php |work=[[Stamford Advocate]]}}</ref> In 2013, DRB launched the DRB Student Loan for professionals with graduate and undergraduate degree to refinance and consolidate federal and private student loans.<ref name=":33" /> By February 2015, DRB expanded its national student loan refinancing program to include residents and fellows, enabling them to refinance their loans upon securing employment contracts.<ref>{{Cite web |last=Bisbey |first=Allison |date=2018-04-02 |title=Laurel Road finds a novel solution to a uniquely bank problem |url=https://asreport.americanbanker.com/news/laurel-road-finds-a-novel-solution-to-a-unique-problem |access-date=2024-04-08 |website=Asset Securitization Report |language=en}}</ref> In 2017, DRB announced the rebranding of its national online lending division to Laurel Road combining the two entities and becoming Laurel Road Bank.<ref>{{Cite news |last1=Soule |first1=Alexander |last2=Tewa |first2=Sophia |title=Darien Rowayton Bank changes name to Laurel Road Bank |url=https://www.thehour.com/business/article/Darien-Transitions-Laurel-Road-Bank-12719481.php |work=The Hour}}</ref> In 2018, Laurel Road partnered with the [[American Medical Association]].<ref>{{Cite news |title=Laurel Road offers help on medical student debt |url=https://www.ctpost.com/business/article/Laurel-Road-offers-help-on-medical-student-debt-13104296.php |access-date=2024-04-08 |work=Connecticut Post |language=en}}</ref> | In 2006, Darien Rowayton Bank was founded in Connecticut, and in 2009,<ref>{{Cite news |title=Connecticut regulators approve sale of Darien student lender |url=https://www.thehour.com/business/article/Connecticut-regulators-approve-sale-of-Darien-13738006.php |work=The hour}}</ref> the company was acquired by Alcar LLC<ref>{{Cite web |title=Bank MergersAcquisitions in Connecticut |url=https://portal.ct.gov/DOB/Bank-Information/Bank-Information/Bank-MergersAcquisitions-in-Connecticut |access-date=2024-04-10 |website=CT.gov - Connecticut's Official State Website |language=en}}</ref><ref>{{Cite news |title=Darien Rowayton Bank arranges $6.5M commercial credit facility for Clearwater Acquisitions, LLC |url=https://www.darientimes.com/news/bu...yton-bank-arranges-6-5m-commercial-981393.php |work=The Darien Times}}</ref> and a new management team was put in place.<ref name=":33">{{Cite news |last=Soule |first=Alexander |title=Darien bank squeezing out founding investors |url=https://www.stamfordadvocate.com/bu...-squeezing-out-founding-investors-6370988.php |access-date=2024-04-10 |work=[[Stamford Advocate]] |language=en}}</ref><ref>{{Cite news |last=Fallon |first=Bill |title=Darien Rowayton Bank president sees brighter future |url=https://www.stamfordadvocate.com/bu...yton-Bank-president-sees-brighter-6063777.php |work=[[Stamford Advocate]]}}</ref> In 2013, DRB launched the DRB Student Loan for professionals with graduate and undergraduate degree to refinance and consolidate federal and private student loans.<ref name=":33" /> By February 2015, DRB expanded its national student loan refinancing program to include residents and fellows, enabling them to refinance their loans upon securing employment contracts.<ref>{{Cite web |last=Bisbey |first=Allison |date=2018-04-02 |title=Laurel Road finds a novel solution to a uniquely bank problem |url=https://asreport.americanbanker.com/news/laurel-road-finds-a-novel-solution-to-a-unique-problem |access-date=2024-04-08 |website=Asset Securitization Report |language=en}}</ref> In 2017, DRB announced the rebranding of its national online lending division to Laurel Road combining the two entities and becoming Laurel Road Bank.<ref>{{Cite news |last1=Soule |first1=Alexander |last2=Tewa |first2=Sophia |title=Darien Rowayton Bank changes name to Laurel Road Bank |url=https://www.thehour.com/business/article/Darien-Transitions-Laurel-Road-Bank-12719481.php |work=The Hour}}</ref> In 2018, Laurel Road partnered with the [[American Medical Association]].<ref>{{Cite news |title=Laurel Road offers help on medical student debt |url=https://www.ctpost.com/business/article/Laurel-Road-offers-help-on-medical-student-debt-13104296.php |access-date=2024-04-08 |work=Connecticut Post |language=en}}</ref> |
| In April 2019, KeyBank, one of the nation’s largest bank-based financial services companies and a member of [[Federal Deposit Insurance Corporation|FDIC]], acquired Laurel Road.<ref name=":0">{{Cite news |last=Arghandewal |first=Ariana |date=2023-12-18 |title=Laurel Road High Yield Savings Account review 2024 |url=https://edition.cnn.com/cnn-undersc...gs Account is an FDIC,and is paid out monthly. |access-date=2024-04-10 |work=CNN Underscored Money |language=en-US}}</ref> The three bank branches in southeast [[Connecticut]] owned by Laurel Road were not included in this transaction. Consequently, Laurel Road shifted its base to [[Manhattan]].<ref name=":23">{{Cite news |last=Soule |first=Alexander |title=KeyBank acquires NYC lender with roots in Darien |url=https://www.thehour.com/business/article/KeyBank-acquires-NYC-lender-with-roots-in-Darien-13539755.php |work=[[The Hour (newspaper)]]}}</ref><ref>{{Cite news |last=Soule |first=By Alexander |title=Connecticut approves new name for Darien bank |url=https://www.newstimes.com/business/...pproves-new-name-for-Darien-bank-12473131.php |access-date=2024-04-10 |work=[[The News-Times]] |language=en}}</ref> In 2021, Laurel Road started a [[Digital banking|digital bank]] for [[Physician|physicians]], [[Nursing|nurses]], and [[Dentist|dentists]] called Laurel Road for Doctors, to help them with student debt. It also launched Laurel Road Checking.<ref name=":13">{{Cite web |title=Laurel Road Student Loan Cashback Card Review 2024 – Forbes Advisor |url=https://www.forbes.com/advisor/credit-cards/reviews/laurel-road-student-loan-cashback-card/ |access-date=2024-04-10 |website=www.forbes.com}}</ref> | In April 2019, KeyBank, one of the nation’s largest bank-based financial services companies and a member of [[Federal Deposit Insurance Corporation|FDIC]], acquired Laurel Road.<ref name=":0">{{Cite news |last=Arghandewal |first=Ariana |date=2023-12-18 |title=Laurel Road High Yield Savings Account review 2024 |url=https://edition.cnn.com/cnn-undersc...gs Account is an FDIC,and is paid out monthly. |access-date=2024-04-10 |work=CNN Underscored Money |language=en-US}}</ref> The three bank branches in southeast [[Connecticut]] owned by Laurel Road were not included in this transaction. Consequently, Laurel Road shifted its base to [[Manhattan]].<ref name=":23"/><ref>{{Cite news |last=Soule |first=By Alexander |title=Connecticut approves new name for Darien bank |url=https://www.newstimes.com/business/...pproves-new-name-for-Darien-bank-12473131.php |access-date=2024-04-10 |work=[[The News-Times]] |language=en}}</ref> In 2021, Laurel Road started a [[Digital banking|digital bank]] for [[physician]]s, [[Nursing|nurses]], and [[dentist]]s called Laurel Road for Doctors, to help them with student debt. It also launched Laurel Road Checking.<ref name=":13">{{Cite web |title=Laurel Road Student Loan Cashback Card Review 2024 – Forbes Advisor |url=https://www.forbes.com/advisor/credit-cards/reviews/laurel-road-student-loan-cashback-card/ |access-date=2024-04-10 |website=www.forbes.com}}</ref> |
| ==References== | ==References== |
| {{Reflist}} | {{Reflist}} |
| {{uncategorized|date=April 2024}} |
Okumaya devam et...