Commonwealth Thrift and Loan
| Status: | Inactive as of 08/19/1996 |
| Absorption - Assisted | |
| Successor Bank: | Frontier State Bank |
| Headquarters: | Commonwealth Thrift and Loan 3770 Sepulveda Boulevard Torrance, CA 90505 |
| Established: | 03/01/1981 |
| FDIC Insurance: | 09/24/1987 |
| FDIC Cert: | #27072 |
| Charter Class: | Commercial bank, state charter and Fed nonmember, supervised by the FDIC |
| Total Assets: | $11,547,000 |
| Total Deposits: | $10,883,000 |
History
| 1981-03-01 | Institution established but was not FDIC insured. Original name: Commonwealth Thrift and Loan | |
| 1987-09-24 | Became FDIC insured. | |
| 1996-08-16 | Bank closed by primary federal regulator pending acquisition. | |
| 1996-08-19 | Failed. Acquired with government financial assistance and subsequently operated as part of Frontier State Bank (32066) | |
| 2001-11-30 | Acquired Frontier State Bank (32066) in REDONDO BEACH, CA | |
| 2001-11-30 | Acquired Del Amo Savings Bank, FSB (31981) in TORRANCE, CA | |
| 2001-11-30 | Merged into and subsequently operated as part of First Federal Bank of California, a Federal Savings Bank (28536) in SANTA MONICA, CA | |
| 2009-12-18 | Failed. Acquired with government financial assistance and subsequently operated as part of OneWest Bank, FSB (58978) | |
| 2010-02-19 | Acquired La Jolla Bank, FSB (32423) in LA JOLLA, CA as part of a government assisted transaction. | |
| 2011-01-19 | Moved bank headquarters from SANTA MONICA, CA to PASADENA, CA | |
| 2011-07-21 | Changed primary regulatory agency from STATE to COMPTROLLER OF THE CURRENCY | |
| 2014-02-28 | Changed organization type to COMMERCIAL BANK | |
| 2014-02-28 | Changed institution class to INSURED COMMERCIAL BANK, NATIONAL, MEMBER FRS | |
| 2014-02-28 | Changed name to ONEWEST BANK, NATIONAL ASSOCIATION (58978) | |
| 2015-08-03 | Changed name to CIT BANK, NATIONAL ASSOCIATION (58978) | |
| 2015-08-03 | Acquired CIT Bank (35575) in SALT LAKE CITY, UT | |
| 2020-01-01 | Acquired Mutual of Omaha Bank (32325) in OMAHA, NE |