Terme Bancorp, Inc. is a holding company primarily engaged in financial services through its subsidiaries, offering mortgage brokerage services and global electronic money services to consumers, including general-purpose reloadable (GPR) cards. The company also invests in consumer-oriented medical initiatives encompassing medical devices, health maintenance, and health enhancement products. Terme Bancorp operates mainly in the United States and caters to consumer and financial markets with its diversified portfolio. Founded in 1987 and headquartered in Chicago, Illinois, the company was formerly known as Umbrella Bancorp, Inc. and changed its name to Terme Bancorp, Inc. in January 2007.
Recent major changes include ongoing expansions in its electronic money services and mortgage brokerage sectors, coupled with strategic investments in the healthcare space, particularly in medical devices and health products. These initiatives reflect a broadened strategic focus beyond traditional financial services to integrate consumer health-oriented investments, signifying a diversification goal within its subsidiaries' business scope.
Terme Bancorp’s principal business segments encompass financial services such as mortgages and redemption and trust services alongside global electronic money services, reinforcing its position as a multifaceted financial service provider that also actively pursues innovation in adjacent sectors. The company remains headquartered in Chicago with a focus on delivering varied financial and consumer services through its subsidiaries.
This description captures Terme Bancorp, Inc.'s core business activities, product and service offerings, and the latest strategic developments as of 2025.