Westlake Thrift and Loan Association

Status:Inactive as of 07/29/1988
 Absorption - Assisted
Successor Bank:Independence Bank
Headquarters:Westlake Thrift and Loan Association
660 Hampshire Road
Westlake Village, CA 91361
Established:10/20/1983
FDIC Insurance:07/01/1985
FDIC Cert:#26315
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$55,152,000
Total Deposits:$51,232,000

History

1983-10-20Institution established but was not FDIC insured. Original name: Westlake Thrift and Loan Association
1985-07-01Became FDIC insured.
1988-07-29Failed. Acquired with government financial assistance and subsequently operated as part of Independence Bank (18675)
1992-01-30Failed. No active institution received any of its deposits or its assets.