Action Federal Savings Bank
| Status: | Inactive as of 10/25/1991 |
| Pass Through Receivership Merger Conservatorship Institution Resolved | |
| Successor Bank: | Ocwen Federal Bank FSB |
| Headquarters: | Action Federal Savings Bank 500 New Road Somers Point, NJ 08244 |
| Established: | 11/15/1990 |
| FDIC Insurance: | 11/15/1990 |
| FDIC Cert: | #33257 |
| Charter Class: | Savings banks, state charter, supervised by the FDIC |
| Total Assets: | $173,785,000 |
| Total Deposits: | $124,391,000 |
History
| 1990-11-15 | Acquired Action Savings Bank, SLA (30223) in SOMERS POINT, NJ | |
| 1990-11-15 | Institution established: Original name:Action Federal Savings Bank | |
| 1991-10-25 | Government conservatorship or bridge bank resolved. | |
| 1991-10-25 | Acquired after government financial assistance and subsequently operated as part of First Federal Savings Bank (30028) | |
| 1992-02-28 | Acquired Republic Savings Bank, FSB (33354) in ROCKVILLE, MD | |
| 1992-04-10 | Acquired Metrobank Federal Savings and Loan Association (33448) in PALISADES PARK, NJ | |
| 1993-06-30 | Changed name to Berkeley Federal Bank and Trust, F.S.B. (30028) | |
| 1993-06-30 | Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED | |
| 1993-06-30 | Moved bank headquarters from SOMERS POINT, NJ to PALISADES PARK, NJ | |
| 1993-06-30 | Acquired Berkeley Federal Savings Bank (30178) in MILLBURN, NJ | |
| 1995-11-17 | Moved bank headquarters from PALISADES PARK, NJ to FORT LEE, NJ | |
| 1996-10-01 | Changed name to Ocwen Federal Bank FSB (30028) | |
| 2005-06-30 | Closed voluntarily and liquidated its assets. |