San Clemente Savings Bank, F.S.B.

Status:Inactive as of 06/12/1992
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:San Clemente Federal Savings Bank
Headquarters:San Clemente Savings Bank, F.S.B.
621 South El Camino Real
San Clemente, CA 92672
Established:01/01/1978
FDIC Insurance:08/09/1989
FDIC Cert:#31452
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$220,368,000
Total Deposits:$205,745,000

History

1978-01-01Institution established: Original name:San Clemente Savings and Loan Association
1989-06-30Changed name to San Clemente Savings Bank
1992-01-31Changed name to San Clemente Savings Bank, F.S.B.
1992-01-31Changed organization type to STOCK SAVINGS BANK
1992-06-12Institution established: Original name:San Clemente Federal Savings Bank (33611)
1992-06-12Placed into government conservatorship.
1992-06-12Failed, went into receivership, and then became part of San Clemente Federal Savings Bank (33611)
1993-08-06Acquired after government financial assistance and subsequently operated as part of Household Bank, FSB (30971)
1993-08-06Government conservatorship or bridge bank resolved.
1995-02-03Moved bank headquarters from SAN CLEMENTE, CA to PROSPECT HEIGHTS, IL
1996-10-14Moved bank headquarters from PROSPECT HEIGHTS, IL to WOOD DALE, IL
1998-06-30Acquired Beneficial Savings Bank, F.S.B. (19360) in TAMPA, FL
1998-06-30Acquired Beneficial National Bank (17158) in WILMINGTON, DE
2000-02-08Acquired Orchard Federal Savings Bank (32009) in ONTARIO, OR
2003-01-30Closed voluntarily and liquidated its assets.