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The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.
New South Federal Savings Bank Irondale: Alabama December 18, 2009: Beal Bank 1,500 138 Independent Bankers' Bank Springfield: Illinois December 18, 2009: The Independent Bankers Bank 586 139 Imperial Capital Bank La Jolla: California December 18, 2009: City National Bank 4,000 140 First Federal Bank of California, F.S.B. Santa Monica: California
First of America Bank National City Corp. PNC Financial Services: 1997 Banc One Corp. First USA: Bank One Corp. JPMorgan Chase: 1997 First Nationwide Bank California Federal Bank: California Federal Bank: $1.2 billion, 1st Nationwide rebranded as "Cal Fed." Citibank: 1998 NationsBank Corp. Barnett Banks, Inc. NationsBank Corp. Bank of America: 1998
Early in 1993, Southern National completed its purchase of First Federal Savings Bank in Winston-Salem, [23] putting Southern National behind only Wachovia in Forsyth County deposits. Southern National had $4.5 billion in assets, $3.9 billion of those in North Carolina, and was the state's sixth largest banking company.
Bankrate insight. There were 4,614 banks and 4,645 credit unions that were federally insured in the third quarter of 2023. (FDIC and NCUA)While the number of credit unions declined from the ...
Mortgages issued by Federal Savings Banks are pursuant to the provisions of the Home Owners' Loan Act, a U.S. federal statute. Although the activities of federal thrifts were once confined primarily to taking deposits from consumers and making residential mortgage loans, federal thrifts are now authorized to offer a wide range of financial ...
The bank was established in 1889 as FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF DEFIANCE. [2] In 2000, the name of the bank was changed to First Federal Bank of the Midwest. [2] In March 2008, the company acquired Pavilion Bancorp Inc. and its subsidiary, the Bank of Lenawee. [3]
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