First Network Savings Bank

Status:Inactive as of 04/20/1990
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:First Network Federal Savings Bank
Headquarters:First Network Savings Bank
10100 Santa Monica Blvd
Los Angeles, CA 90067
Established:12/28/1983
FDIC Insurance:12/28/1983
FDIC Cert:#32187
Charter Class:
Total Assets:$303,826,000
Total Deposits:$393,643,000

History

1983-12-28Institution established: Original name:Deauville Savings and Loan Association
1987-09-30Changed name to First Network Savings Bank
1988-12-31Acquired Tahoe Savings and Loan Association, A Federal Savings and Loan Associati (32533) in SOUTH LAKE TAHOE, CA
1990-04-20Institution established: Original name:First Network Federal Savings Bank (33036)
1990-04-20Failed, went into receivership, and then became part of First Network Federal Savings Bank (33036)
1990-04-20Placed into government conservatorship.
1990-09-14Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.
1990-09-14Government conservatorship or bridge bank resolved.