Westside Bank for Savings, FSB

Status:Inactive as of 09/24/1993
 Absorption - Assisted
Name Change
Change in Entity Type
Successor Bank:Westside Bank, a federal savings bank
Headquarters:Westside Bank for Savings, FSB
11925 Wilshire Boulevard
Los Angeles, CA 90025
Established:06/26/1984
FDIC Insurance:08/09/1989
FDIC Cert:#32229
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$81,689,000
Total Deposits:$76,949,000

History

1984-06-26Institution established: Original name:Westside Savings and Loan Association
1989-04-30Acquired Viking Savings and Loan Association (32230) in SANTA MONICA, CA
1990-07-16Changed organization type to COMMERCIAL BANK
1990-07-16Changed name to Westside Bank of Southern California
1993-09-24Institution established: Original name:Westside Bank, a federal savings bank (33833)
1993-09-24Placed into government conservatorship.
1993-09-24Failed. Acquired with government financial assistance and subsequently operated as part of Westside Bank, a federal savings bank (33833)
1993-09-24Changed organization type to MUTUAL SAVINGS BANK
1993-09-24Changed name to Westside Bank for Savings, FSB
1994-04-15Government conservatorship or bridge bank resolved.
1994-04-15Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.

Financial Information (1992-12-31 and Older)