Advanced Savings Bank, F.S.B.

Status:Inactive as of 01/24/1992
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Advanced Federal Savings Bank
Headquarters:Advanced Savings Bank, F.S.B.
10240 Reseda Blvd
Northridge, CA 91324
Established:04/30/1984
FDIC Insurance:08/09/1989
FDIC Cert:#32210
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$23,089,000
Total Deposits:$23,557,000

History

1984-04-30Institution established: Original name:Advanced Savings and Loan Association
1990-06-18Changed organization type to STOCK SAVINGS BANK
1990-06-18Changed name to Advanced Savings Bank, F.S.B.
1992-01-24Institution established: Original name:Advanced Federal Savings Bank (33549)
1992-01-24Placed into government conservatorship.
1992-01-24Failed, went into receivership, and then became part of Advanced Federal Savings Bank (33549)
1994-03-18Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.
1994-03-18Government conservatorship or bridge bank resolved.