Merit Savings Bank

Status:Inactive as of 08/31/1988
 Merger - Without Assistance
Successor Bank:Charter Savings Bank
Headquarters:Merit Savings Bank
324 E First St
Los Angeles, CA 90012
Established:11/14/1962
FDIC Insurance:11/14/1962
FDIC Cert:#31336
Charter Class:
Total Assets:$214,681,000
Total Deposits:$210,165,000

History

1962-11-14Institution established: Original name:Merit Savings and Loan Association
1984-04-30Changed name to Merit Savings Bank
1988-08-31Merged into and subsequently operated as part of Charter Savings Bank (31924) in HUNTINGTON BEACH, CA
1990-06-15Institution established: Original name:Charter Savings Bank, F.S.B. (33087)
1990-06-15Placed into government conservatorship.
1990-06-15Failed, went into receivership, and then became part of Charter Savings Bank, F.S.B. (33087)
1990-12-07Acquired after government financial assistance and subsequently operated as part of Pacific Heritage Bank (23319)
1990-12-07Government conservatorship or bridge bank resolved.
1992-03-13Acquired Progressive Savings Bank, FSB (33421) in PASADENA, CA
1992-03-13Changed from the Savings Association Insurance Fund to the Bank Insurance Fund.
1995-07-28Failed. Acquired with government financial assistance and subsequently operated as part of California Federal Bank, A FSB (30278)
1996-10-19Acquired First Citizens Bank (26768) in LOS ANGELES, CA
1997-01-03Acquired First Nationwide Bank, FSB (32643) in DALLAS, TX
1997-01-03Moved bank headquarters from HUNTINGTON BEACH, CA to LOS ANGELES, CA
1998-09-11Acquired Glendale Federal Bank, Federal Savings Bank (29199) in GLENDALE, CA
1998-12-01Moved bank headquarters from LOS ANGELES, CA to SAN FRANCISCO, CA
2000-02-11Changed name to California Federal Bank (30278)
2002-11-13Merged into and subsequently operated as part of Citibank (West), FSB (57443) in SAN FRANCISCO, CA
2006-10-01Acquired Citicorp Trust, National Association (26170) in LOS ANGELES, CA
2006-10-01Acquired Citibank (Delaware) (24029) in NEW CASTLE, DE
2006-10-01Acquired Citibank Texas, National Association (32623) in DALLAS, TX
2006-10-01Acquired West, National Association (57443) in SAN FRANCISCO, CA
2006-10-01Acquired CFSB, National Association (28251) in RESTON, VA
2006-10-01Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to COMPTROLLER OF THE CURRENCY
2006-10-01Merged into and subsequently operated as part of Citibank, National Association (7213) in LAS VEGAS, NV
2006-10-01Changed institution class to INSURED COMMERCIAL BANK, NATIONAL, MEMBER FRS
2006-10-01Changed organization type to COMMERCIAL BANK
2006-10-01Changed name to West, National Association (57443)
2008-11-23Maintained operations with government open bank assistance.
2011-07-01Moved bank headquarters from LAS VEGAS, NV to SIOUX FALLS, SD
2011-07-01Acquired Citibank (South Dakota), N.A. (23360) in SIOUX FALLS, SD
2012-01-01Acquired Citicorp Trust Bank, fsb (18708) in WILMINGTON, DE