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Savings and loan association [34] December 18, 2009: Citizens State Bank, New Baltimore, Michigan FDIC-created Deposit Insurance National Bank of New Baltimore (no acquiring bank) Commercial bank [34] December 11, 2009: New South Federal Savings Bank, Irondale, Alabama Beal Bank, Plano, Texas Savings and loan association [34] December 11, 2009
The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of 32% (1,043 of the 3,234) of savings and loan associations (S&Ls) in the United States from 1986 to 1995. An S&L or "thrift" is a financial institution that accepts savings deposits and makes mortgage, car and other personal loans to individual ...
Stephen A. Rhoades, "Bank Mergers and Industrywide Structure, 1980–1994," Washington: Board of Governors of the Federal Reanuary 1996. (Staff study 169) Steven J. Pilloff, "Bank Merger Activity in the United States, 1994–2003," Washington: Board of Governors of the Federal Reserve System, May 2004. (Staff study 176)
Former Citizens Savings Bank building in Canonicus Square, Providence, Rhode Island. Citizens was established in 1828 as the High Street Bank in Providence, Rhode Island. [10] [11] In 1871, the Rhode Island legislature gave a second charter to establish the Citizens Savings Bank which eventually acquired its parent group to form Citizens Trust ...
Citizens Savings and Loan Association. Citizens Savings and Loan Association may refer to: Citizens Savings and Loan Association (California), California S&L which became a subsidiary of National Steel Corporation. Citizens Savings and Loan Association (Ohio), Cleveland S&L which became Citizens Savings and Trust Company.
In its first expansion move, Old Stone Corporation acquired the ailing Seattle, Washington-based Citizens Federal Savings and Loan Association for an undisclosed amount with the assistance of the Federal Savings and Loan Insurance Corporation. [12] [13] [14] This federal bailout had cost the tax payers $78.7 million. The new acquisition was ...
The bank was founded in 1889 as Ohio Savings, Loan & Building Co. [1] In 1963, Leo Goldberg acquired control of the company. [1] In 1975, the bank acquired Citizens Federal Savings & Loan of Akron. [1] In 1978, the bank acquired Shaker Savings. [1] In 1989, the bank acquired Palm Plaza Savings Association, based in Boca Raton, Florida. [2]
[23] [24] Citizens Savings & Loan of Santa Barbara was founded in 1887, which Great Western later used as its foundation date. [2] [3] In 1969, California changed their savings and loan association branching law to permit statewide branching. [25] Prior to this change, branch offices were restricted to be within a 100-mile radius from their ...