Waterfield Bank
The Waterfield Group is a financial services holding company that was founded in 1928 by Richard H. Waterfield. J. Randall Waterfield, a former manager at Goldman Sachs and grandson of Richard H. Waterfield, serves as the Waterfield Group’s chairman. As of 2000, the Waterfield Group was the largest privately held mortgage company in the US. The Waterfield Group sold its mortgage company, Waterfield Mortgage, in December 2006 to Sky Financial Group. In 2010, the Federal Deposit Insurance Corporation closed Waterfield Bank, which was majority-owned by the Waterfield Group.