Founders Savings and Loan Association
Status: | Inactive as of 09/07/1989 |
Absorption - Assisted | |
Successor Bank: | Founders Federal Savings and Loan Association |
Headquarters: | Founders Savings and Loan Association 3910 W Martin Luther King Jr., Blvd Los Angeles, CA 90008 |
Established: | 01/01/1973 |
FDIC Insurance: | 08/09/1989 |
FDIC Cert: | #31697 |
Charter Class: | |
Total Assets: | $125,859,000 |
Total Deposits: | $162,470,000 |
History
1973-01-01 | Institution established: Original name:Founders Savings and Loan Association | |
1989-04-06 | Placed into government conservatorship. | |
1989-09-07 | Failed. Acquired with government financial assistance and subsequently operated as part of Founders Federal Savings and Loan Association (32792) | |
1989-09-07 | Institution established: Original name:Founders Federal Savings and Loan Association (32792) | |
1991-01-18 | Government conservatorship or bridge bank resolved. | |
1991-01-18 | Institution established: Original name:Founders National Bank (33305) | |
1991-01-18 | Acquired after government financial assistance and subsequently operated as part of Founders National Bank (33305) | |
1994-09-09 | Changed from the Savings Association Insurance Fund to the Bank Insurance Fund. | |
2001-04-30 | Merged into and subsequently operated as part of The Boston Bank of Commerce (23966) in BOSTON, MA | |
2002-12-16 | Changed name to OneUnited Bank (23966) | |
2002-12-31 | Acquired Family Savings Bank, F.S.B. (30376) in LOS ANGELES, CA |