A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. The terms "S&L" and "thrift" are mainly used in the United States; similar institutions in the United Kingdom, Ireland and some Commonwealth countries include building societies and trustee savings banks. They are often mutually held (often called mutual savings banks), meaning that the depositors and borrowers are members with voting rights, and have the ability to direct the financial and managerial goals of the organization like the members of a credit union or the policyholders of a mutual insurance company. While it is possible for an S&L to be a joint-stock company, and even publicly traded, in such instances it is no longer truly a mutual association, and depositors and borrowers no longer have membership rights and managerial control. By law, thrifts can have no more than 20percent of their lending in commercial loans—their focus on mortgage and consumer loans makes them particularly vulnerable to housing downturns such as the deep one the U.S. experienced in 2007.
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A savingsandloanassociation (S&L), or thrift institution, is a financial institution that specializes in accepting savings deposits and making mortgage...
SavingsandLoanAssociation of Irvine, California, was the financial institution at the heart of the Keating Five scandal during the 1980s savings and...
The savingsandloan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of 32% (1,043 of the 3,234) of savingsandloan associations...
million. In October 2017, Sears and appliance manufacturer Whirlpool Corporation ended their 101-year-old association, reportedly due to pricing issues...
American SavingsandLoanAssociation was an American savingsandloan based in Stockton, California. In 1988 it was the largest thrift failure and the federal...
American Savings and Loan now had branches on five islands. When American SavingsandLoan acquired the Pacific SavingsandLoanAssociation of Hawaii in 1977...
Home Federal SavingsandLoanAssociation may refer to: Home Federal SavingsandLoanAssociation (California), S&L based in San Diego that became HomeFed...
the parent company of Citizens Savings & LoanAssociation of San Francisco, which was the seventh‐largest savingsandloan in the United States. Beginning...
Citizens SavingsandLoanAssociation may refer to: Citizens SavingsandLoanAssociation (California), California S&L which became a subsidiary of National...
American savings bank holding company based in Seattle. It was the parent company of WaMu Bank, which was the largest savingsandloanassociation in the...
A rotating savingsand credit association (ROSCA) is a group of individuals who agree to meet for a defined period in order to save and borrow together...
The Manila Teachers SavingsandLoanAssociation is a Filipino political party and associated financial lending organization which holds party-list representation...
thrift and rural banks, there are savingsandloanassociations which are mainly based in communities and among retirees in the armed forces and the police...
Bank was an American savingsandloanassociation based in San Diego. It was founded in 1885 as San Diego Building andLoanAssociation, the first S&L in...
others. ESL Federal Credit Union was chartered in 1920 as Eastman SavingsandLoanAssociation by George Eastman, founder of Eastman Kodak Company. Eastman’s...
Gibraltar SavingsandLoanAssociation was an American bank operating in California, Washington, and Florida. It was organized as a savingsandloanand failed...
Franklin SavingsAssociation was an Ottawa, Kansas-based American Savingsandloanassociation that was one of the largest seizures of the savingsandloan crisis...
Western Building and LoanAssociation, which became Western Savings. Western SavingsandLoan eventually became a $6 billion savingsandloan institution. Western...
to Astoria Savings & LoanAssociation. In 1937, the bank received a federal charter and became Astoria Federal Savings & LoanAssociation. In 1989, George...
Washington as Ballard SavingsandLoan by a group of businessmen. In 1958, it merged with Washington Federal SavingsandLoanAssociation of Bothell. The bank...
SavingsandLoanAssociation in 1983, Mutual SavingsandLoanAssociation in 1984, Bakerstown SavingsandLoanAssociation in 1985, Horizon Savings Association...
was the second-largest savingsandloanassociation in the United States, operating branches under the name of World Savings Bank. The business was founded...
Citizens Savingsand Trust Company was a bank in Cleveland, Ohio founded as the Citizens SavingsandLoanAssociation. J.H. Wade established the bank and served...
Bank (/ˈæksoʊs/ AK-sohss) is an American federally chartered savingsandloanassociationand direct bank headquartered in San Diego, California. It is the...
themselves and (thus) fail. The savingsandloan crisis of the 1980s and 1990s was the failure of 747 out of the 3,234 savingsandloanassociations in the...
bank changed its name from First Federal SavingsandLoanAssociation of Storm Lake to First Federal Savings Bank of the Midwest, a subsidiary of First...
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