Founders Savings and Loan Association

Status:Inactive as of 09/07/1989
 Absorption - Assisted
Successor Bank:Founders Federal Savings and Loan Association
Headquarters:Founders Savings and Loan Association
3910 W Martin Luther King Jr., Blvd
Los Angeles, CA 90008
Established:01/01/1973
FDIC Insurance:03/29/1974
FDIC Cert:#31697
Charter Class:
Total Assets:$125,859,000
Total Deposits:$162,470,000

History

1973-01-01Institution established: Original name:Founders Savings and Loan Association
1989-04-06Placed into government conservatorship.
1989-09-07Failed. Acquired with government financial assistance and subsequently operated as part of Founders Federal Savings and Loan Association (32792)
1989-09-07Institution established: Original name:Founders Federal Savings and Loan Association (32792)
1991-01-18Government conservatorship or bridge bank resolved.
1991-01-18Institution established: Original name:Founders National Bank (33305)
1991-01-18Acquired after government financial assistance and subsequently operated as part of Founders National Bank (33305)
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