Best Answer

Golden State Bancorp Inc. & California Federal Bank

Golden 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.

User Avatar

Wiki User

โˆ™ 2010-04-20 23:30:35
This answer is:
User Avatar
Study guides
See all Study Guides
Create a Study Guide

Add your answer:

Earn +20 pts
Q: Who took over California federal savings and loan?
Write your answer...
Related questions

Who took over bayside federal savings and loan association?


Who took over Suffolk County Federal Savings and Loan Association?

last heard was long island savings bank

What bank took over Columbia Federal Savings and Loan in Washington DC?


Who took over first family federal savings and loan in Lansdale Pa?

Commonwealth Federal Bank in Norristown, PA.

Who took over the western savings and loan association in Winnipeg MB?

Investors Syndicate bought the Western Savings and Loan Association from Walter Wilson.

What type of institution is Astoria Federal?

Astoria Federal Savings and Loan is a financial institution. It first opened in 1888 and currently has over 1500 employees. Its head office is located in Lake Success, NY.

Who took over morsemere federal savings bank?

RTC (Resolution Trust Corp.) took it over. Morsemere Federal Savings Bank changed its name to Metrobank when it went public.

What is the federal Perkins loan?

The federal perkins loan is a student loan offered by the U.S. Department of Education to help American students with their college financing. Those that use the federal perkins loan, will have a 5% interest rate that can be paid over ten years.

What are the benefits of astoria federal savings?

I have personally never heard of 'federal savings', but I do know that a savings account will usually give you extra interest so that you money will substantially increase over time. But remember, you must keep your money above inflation.

Who bought out western federal savings and loan?

AnswerBank of AmericaIf you are referring to the Western Federal Savings & Loan headquartered in Marina del Rey, CA, BofA did not buy them out. They were taken over by the OTS in 1983 and subsequently, through a series of law suits, proved they were not unhealthy and did not deserve a government take over. By then, however, it was too late to reopen as the OTS sold off all the assets and branches. What a shame - it was a great company that most employees, to this day, say was the best company they ever worked for.

Did Citibank NA take over United California Savings Bank?

I believe so.

Who is eligible for a Thrift Savings Plan?

In order to be eligible for he Thrift Savings Plan, you have to be a full time employee of the federal government. Beneficiaries can take over the account if one family member passes away and their share is over $200.

What are the benefits of getting federal student loans over student loans from a private financial institution?

The main benefit of getting a federal student loan over a private loan is flexibility. If you re-enter school, or become unemployed, you can defer your payments until you re-enter the workforce.

Is marijuana legal all over California?

No, marijuana is illegal at both the federal and state levels all over California, excepting state marijuana licenses.

When you have money left over after all expenses and you want to apply it to your loan should you send it back to the financial institution or put it into savings and apply it when the loan is due?

It depends on what your lender will allow you to do. Some will let you return the money, some will not. If they allow it, return it. If they do not, put it in a savings account and let it earn interest.

What banks took over east Brooklyn savings bank?

East Brooklyn Savings Bank 04/17/1860 NYS Chartered East Brooklyn Savings Bank 09/01/1969 Name Change To Metropolitan Savings Bank (Bklyn) 06/30/1970 Acquire By Merger Brevoort Savings Bank 12/31/1977 Acquire By Merger Fulton Savings Bank (Brooklyn) 12/31/1980 Acquire By Merger Spring Valley Savings & Loan Association 11/04/1981 Acquire By Merger Greenwich Savings Bank 12/15/1981 Acquire By Merger Brooklyn Savings Bank 08/22/1983 Convert Federal Metropolitan Federal Savings Bank 01/01/1985 Name Change To Crossland Savings, FSB

What has the author Irwin Friend written?

Irwin Friend has written: 'Study of the savings and loan industry' -- subject(s): Addresses, essays, lectures, Savings and loan associations 'Activity on over-the-counter markets' 'Individuals' saving' -- subject(s): Saving and investment

When can a child sit in front seat in California?

If over 100 lbs. Federal law.

What bank took over Anchor Savings bank?

Dime Savings Bank took over Anchor Savings Bank, both of NY.

What is the difference between financial savings and physical savings?

Financial savings is when you put money in the bank and it gains interest over time.Phyisical savings is when you invest in stock and it grows over time like Finacnial savings.

Does American Savings Bank give business loans?

Yes, American Savings Bank does give out business loans. However, due to the recent financial collapse and the criticism of lenders over causing the crash, one should be cautious when attempting to take out a loan.

First Tech Federal Credit Union is located in what city?

First Tech Federal Credit Union has over thirty different locations. Some First Tech Federal Credit Union are located in Cupertino, California, Wilsonville, Oregon, Boise, Idaho, and San Jose California.

What is disbursment of loan?

The disbursement of a loan is when the money borrowed is given to the person who took the loan out. In the case of a federal student loan, the money is given (disbursed) directly to the school so that the money is spent on school expenses first. Any amount over the cost of tuition, fees, etc. will be sent to the student as a refund.

How many men are incarcerated in California prisons?

Over 160,000 not counting Federal Prisons or City or County jails.

How did the issue of admitting California to the Union in 1850 again raise the debate over slavery?

Admitting California into the Union in 1850 gave raise over the debate over slavery. It was against Federal law of the confederacy to harbor slaves in free states.