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When did California Federal Bank end?

Updated: 9/24/2023
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California Federal Bank ended in 2002.

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Who took over California federal savings and loan?

Golden State Bancorp Inc. & California Federal BankGolden State Bancorp was the holding company of California Federal Bank (Cal Fed). Cal Fed, with $50 billion of assets and 355 branches in California and Nevada, was the third-largest thrift in the United States. Its primary operating subsidiaries were First Nationwide Mortgage Corporation, Cal Fed Investments and Auto One Acceptance Corporation.Cal Fed resulted from the combination of three strong California-based thrifts. When First Nationwide Bank acquired California Federal Bank in January 1997, the resulting institution kept First Nationwide's San Francisco headquarters, California Federal Bank's name, and both companies' long traditions of outstanding service to customers.On September 11, 1998, Cal Fed merged with Glendale Federal Bank, another strong California-based company. Golden State Bancorp, Glendale Federal's parent company, became Cal Fed's publicly traded holding company, while the combined bank retained the California Federal name.Citigroup Inc. acquired Golden State Bancorp on November 7, 2002, adding approximately 1.5 million new Citigroup customers in California and Nevada. Cal Fed merged into Citibank (West), FSB, on November 13, 2002.


Where is the Third Federal Bank located?

The Third Federal Savings and Loan building headquarters is located in Cleveland, Ohio. As of the end of May, 2013, they only have locations in Ohio and Florida.


What is a FSB bank?

FSB = Federal Savings Bank.


How did the creation of the federal deposit insurance corporation help end the banking crisis?

by insuring bank deposits up tp $5,000


Is Federal bank is nationlished bank?

No. Federal Bank is not a nationalized bank. It is not owned by the government of India. It is a privately held company headquartered in Kochi, Kerala. Mr. Shyam Srinivasan is the Managing Director and CEO of Federal Bank. It is more than 700 branches in India.

Related questions

When did First Federal Bank of California end?

First Federal Bank of California ended in 2009.


When was California Federal Bank created?

California Federal Bank was created in 1926.


What is First Federal Bank of California's population?

First Federal Bank of California's population is 600.


When was First Federal Bank of California created?

First Federal Bank of California was created in 1929.


When did Federal Bank of Australia end?

Federal Bank of Australia ended in 1893.


How safe is California first national bank?

California First National Bank is backed by the FDIC. This is the federal government that regulates banks and guarantees funds.


What agency regulates state chartered credit unions in California?

If the bank in California has chosen to go with a state charter (instead of a federal charter), the agency regulating that bank is named "The California Department of Financial Institutions."


How did the creation of the federal deposit insurance corporation help end the bank?

by insuring bank deposits up tp $5,000


Who took over California federal savings and loan?

Golden State Bancorp Inc. & California Federal BankGolden State Bancorp was the holding company of California Federal Bank (Cal Fed). Cal Fed, with $50 billion of assets and 355 branches in California and Nevada, was the third-largest thrift in the United States. Its primary operating subsidiaries were First Nationwide Mortgage Corporation, Cal Fed Investments and Auto One Acceptance Corporation.Cal Fed resulted from the combination of three strong California-based thrifts. When First Nationwide Bank acquired California Federal Bank in January 1997, the resulting institution kept First Nationwide's San Francisco headquarters, California Federal Bank's name, and both companies' long traditions of outstanding service to customers.On September 11, 1998, Cal Fed merged with Glendale Federal Bank, another strong California-based company. Golden State Bancorp, Glendale Federal's parent company, became Cal Fed's publicly traded holding company, while the combined bank retained the California Federal name.Citigroup Inc. acquired Golden State Bancorp on November 7, 2002, adding approximately 1.5 million new Citigroup customers in California and Nevada. Cal Fed merged into Citibank (West), FSB, on November 13, 2002.


When was Federal Bank created?

Federal Bank was created in 1945.


Is federal bank supposed to be capitalized?

Yes. It should be --- Federal Bank.


What is the letter on a US 1 dollar bill from the Federal Reserve Bank of Los Angeles California?

The Federal Reserve Bank of Los Angeles uses the letter code "L" and the numeric code "12". To clear things up, the bill wasn't actually printed by the Los Angeles Federal Reserve Bank. It was distributed through that bank but was printed in either Washington of Fort Worth at the request of the district.