Simplicity Bank

Status:Inactive as of 2015-03-01
 Merger - Without Assistance
Successor Bank:HomeStreet Bank
Headquarters:Simplicity Bank
1359 N. Grand Avenue
Covina, CA 91724
Established:1953-11-11
FDIC Insurance:1999-11-01
FDIC Cert:#35448
Charter Class:Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
# of Branches:8
Total Assets:$863,218,000
Total Deposits:$660,917,000

History

1953-11-11Institution established but was not FDIC insured. Original name: Kaiser Permanente Federal Credit Union
1999-11-01Became FDIC insured.
1999-11-01Changed name to Kaiser Federal
1999-11-01Changed organization type to MUTUAL SAVINGS & LOAN
2001-11-01Moved bank headquarters from PASADENA, CA to COVINA, CA
2002-05-28Changed name to Kaiser Federal Bank
2003-07-01Changed organization type to STOCK SAVINGS & LOAN
2011-07-21Changed primary regulatory agency from NATIONAL CREDIT UNION ASSOCIATION to COMPTROLLER OF THE CURRENCY
2012-11-13Changed name to Simplicity Bank
2015-03-01Merged into and subsequently operated as part of HomeStreet Bank (32489) in SEATTLE, WA
2016-02-01Acquired Orange County Business Bank (57338) in IRVINE, CA
2016-02-29Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2016-02-29Changed organization type to COMMERCIAL BANK

Financial Information (2014-12-31 and Older)