Founders Federal Savings and Loan Association

Status:Inactive as of 01/18/1991
 Pass Through Receivership Merger
Conservatorship Institution Resolved
Successor Bank:Founders National Bank
Headquarters:Founders Federal Savings and Loan Association
3910 West Martin Luther King, Jr. Boulevard
Los Angeles, CA 90008
Established:09/07/1989
FDIC Insurance:09/07/1989
FDIC Cert:#32792
Charter Class:
Total Assets:$94,716,000
Total Deposits:$79,063,000

History

1989-09-07Acquired Founders Savings and Loan Association (31697) in LOS ANGELES, CA
1989-09-07Institution established: Original name:Founders Federal Savings and Loan Association
1991-01-18Acquired after government financial assistance and subsequently operated as part of Founders National Bank (33305)
1991-01-18Institution established: Original name:Founders National Bank (33305)
1991-01-18Government conservatorship or bridge bank resolved.
1994-09-09Changed from the Savings Association Insurance Fund to the Bank Insurance Fund.
2001-04-30Merged into and subsequently operated as part of The Boston Bank of Commerce (23966) in BOSTON, MA
2002-12-16Changed name to OneUnited Bank (23966)
2002-12-31Acquired Family Savings Bank, F.S.B. (30376) in LOS ANGELES, CA