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