A bank built around the dealership network
Toyota Financial Savings Bank opened in Henderson, Nevada, in 2004. Its official history describes a bank serving eligible Toyota and Lexus dealers, employees and family members, rather than a neighborhood branch network open on the same terms to every household. The FDIC records August 16, 2004 as its establishment date and identifies the bank by certificate 57542. [1][3]
That starting point matters because a dealership involves more than lending to someone buying a car. Dealers need property, inventory and working capital, while employees and owners have personal savings and housing needs. The bank’s public product range connects those business and personal relationships, with eligibility requirements that vary by service. [3][4]
Who owns the bank, and who handles the car loan
Toyota Motor Credit Corporation’s annual report for the year ended March 31, 2026 identifies Toyota Financial Savings Bank as a Nevada thrift company owned by Toyota Financial Services International Corporation. It describes the bank as an unconsolidated affiliate of Toyota Motor Credit, not as a subsidiary whose accounts are included in Motor Credit’s consolidated results. [5]
The same filing places Toyota Motor Credit under Toyota Financial Services International Corporation, which is owned by Japan’s Toyota Financial Services Corporation and ultimately Toyota Motor Corporation. The shared corporate family helps explain coordinated products and servicing. It does not make the insured bank and Toyota Motor Credit interchangeable legal entities, or turn the latter’s total assets into the bank’s balance sheet. [5]
Financing the place where cars are sold
The bank’s commercial product page describes loans for dealership expansions, acquisitions, real estate, construction and renovations. It also offers floorplan financing and working-capital loans, subject to approval. Floorplan lending finances vehicle inventory before the dealer sells it; property and construction financing address the land and buildings that support the business. [4]
For eligible individuals, the bank advertises savings and money-market deposit accounts, certificates of deposit, mortgages and home-equity loans. Its disclosures distinguish variable rates on savings and money-market accounts from a certificate’s rate fixed for the initial term, and note possible early-withdrawal penalties. These are descriptions of the offered products, not a quotation of a current rate or a promise that every applicant qualifies. [3]
New Mazda contracts move to the bank
A substantial change occurred during Toyota Motor Credit’s fiscal 2025. The company shifted the origination and financing of new automotive finance and lease contracts under its Mazda Financial Services agreement to Toyota Financial Savings Bank. The transition began and was substantially completed in the fiscal fourth quarter ending March 31, 2025. [5][6]
Toyota Motor Credit’s filings make an important distinction: existing private-label assets and liabilities were not transferred to or acquired by the bank in this transition. The change concerned new business. Motor Credit entered servicing agreements with the bank and continued servicing the new retail and lease contracts under the Mazda Financial Services brand. A customer-facing brand can therefore remain familiar while origination, funding and servicing sit with different entities. [5][6]
The bank’s public savings pages alone do not describe this entire business. Read alongside the regulatory balance sheet and Motor Credit’s filings, they show an institution combining specialized deposit relationships, dealer lending and a growing role in automotive finance. The filings do not provide a complete stand-alone profitability breakdown for each of those bank activities. [2][3][5]
A leadership change separates two roles
On October 2, 2025, Toyota announced that Tellis Bethel would continue as the bank’s chief executive while taking on chief financial officer responsibilities at Toyota Motor Credit and Toyota Financial Services International Corporation. James Schofield, previously Motor Credit’s chief financial officer, became the bank’s president and joined its board. The changes were effective immediately. [7]
The announcement therefore separated the bank’s president and chief executive roles. It illustrates the close working connections within the group, while identifying which job belonged to which person and company at that date. It should not be read as a claim that Motor Credit became the bank’s owner. [5][7]
The insured bank at June 30, 2026
The FDIC reports $16.786 billion of assets, $14.280 billion of deposits, $9.171 billion of net loans and leases, and $1.714 billion of equity for the insured bank at June 30, 2026. Net income of $31.606 million covers the first six months of 2026. These bank-only figures are converted from thousands of dollars; they are not consolidated parent results or standalone second-quarter profit. [2]
Consumer loans were $4.850 billion, approximately 52.3% of gross loans and leases. Real-estate loans were $2.772 billion and commercial and industrial loans $1.657 billion. These regulatory categories describe the bank’s portfolio; they do not separately identify every brand, origination channel or customer group. [2]
Sources
- FDIC institution directory, October 2, 2026 index; reviewed October 5Official sourceBack to text: ↑
- FDIC June 30, 2026 bank financials; dollar fields in thousands; income year to dateOfficial sourceBack to text: ↑1↑2↑3
- Toyota Financial Savings Bank official history and product disclosures; reviewed October 5, 2026SourceBack to text: ↑1↑2↑3↑4
- Toyota Financial Savings Bank commercial loan products; reviewed October 5, 2026SourceBack to text: ↑1↑2
- Toyota Motor Credit Form 10-K, fiscal year ended March 31, 2026Filing / reportBack to text: ↑1↑2↑3↑4↑5↑6↑7
- Toyota Motor Credit 2025 Form 10-K, Note 1, fiscal year ended March 31, 2025Filing / reportBack to text: ↑1↑2
- Toyota executive changes, effective October 2, 2025SourceBack to text: ↑1↑2