H. F. Ahmanson & Co. - Knowledge (XXG)

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Calif., area to Home Savings of America of Irwindale, Calif., the nation's largest savings institution. The sale, scheduled to close during the third quarter, is subject to regulatory approval. Terms of the deal, through which Northeast is to sell about $ 60 million in deposits, were not disclosed. Northeast, which with nearly $ 4 billion in assets is Connecticut's largest thrift, said it decided to sell the branches as part of its effort to focus on its primary market in Connecticut, New York and Massachusetts... Home Savings of America is the principal subsidiary of H.F. Ahmanson. Home Savings, which has $ 50 billion in assets, operates 365 branches in seven states. and 92 mortgage lending offices in 12 states.

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offices, were put up for sale in 1990, but the Valley branches were taken off the block after it was decided the bids were too low. Coast contemplated the sale in 1990 because it needed to shrink and thought it best to concentrate on its Los Angeles, San Francisco and Montery locations, officials said. Two years later, the sale of the Valley branches to Home Savings is occurring. A Coast representative declined to comment on what prompted the change of mind. Coast entered the Valley in 1987 by buying out Central Savings, which was based in San Diego. In 1991, Central had acquired First Savings and Loan Association, a Fresno institution founded in 1957 by the late Dr. Karl Falk.

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will receive a premium of $ 20 million for the $ 950 million of deposits in the transaction... With the addition of the Coast branches, Home's total deposit base is $ 38.6 billion, the largest of any U.S. savings and loan. Home Savings, which has more than $ 50 billion in assets, operates 374 branch offices in nine states and 95 mortgage lending offices in 13 states. In California, it has 174 branches and 56 mortgage lending offices. Coast Savings Financial Inc., the holding company of Coast Federal Bank, will be left with 101 branches in California. Coast has more than $ 10 billion in assets.

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Mutual. Next month, nameplates at American Savings and Great Western Bank are coming down, and Washington Mutual signs will go up... A former Coast customer, Lima said she recently received a letter from Home explaining that her two adjustable-rate mortgages had been transferred to a new office. But when the mortgage payments came due, the new office failed to send the usual payment slip showing the amount owed. She called customer service, but they could find no record of her loans. After a month of phone calls, the problem was cleared up, but the experience left Lima skeptical.

326:(such as appliance financing) and loans on properties other than single-family homes. Ahmanson had foreseen these difficulties and had been making loans on apartment buildings since 1965 as a cushion against the failing mortgage market. But Ahmanson did not diversify to the point that would cause the failure of many thrift institutions in the years to come—even into the 1990s the company still did not make auto or consumer loans, leases, or unsecured commercial loans, which tend to be riskier. 724:-based Long Beach Bank for $ 12.5 million in cash. The acquisition was completed in October 1994. After the sale, Long Beach Bank converted from a savings bank to a mortgage banking company that specialized in subprime mortgages and changed the name of the company to Long Beach Mortgage Company. Long Beach Mortgage was later acquired by Washington Mutual in 1999. During the same month, Home Savings announced the pending acquisition of the deposits of nine branch offices of the troubled 3012: 3615: 3591: 348: 261: 1615:

approximately $ 87.4 million in retail deposits in the five branches. Home Savings paid the RTC approximately a $ 1.8 million premium for the deposits. The branches are located in Huntington Beach, Long Beach, Rancho Mirage, Hemet and San Jose, Calif. Home Savings is also purchasing approximately $ 9.8 million of Guardian Federal's assets, which consist of cash and cash equivalents.

3603: 826:-based Home Savings Bank of New York with its 13 branch offices for $ 300 million in stock. At time of the announcement, Home had 26 branch offices operating as Bowery Savings Bank in the New York City metropolitan area and 18 branch offices in Long Island and New York City operating as Savings of America. The acquisition was completed in November 1990. 766:

California, Texas, and Florida. The acquisition was completed in February 1998. After closing 52 redundant branch offices in California and selling off the remaining branch offices in Florida in an unrelated sale, Home Savings had approximately 375 branch offices remaining in California and Texas by mid-1998.

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Home Savings of America, Irwindale, Calif., a unit of H.F. Ahmanson & Co., said it agreed to pay Wells Fargo & Co. about $ 206 million for 61 bank branches in California. Through the transaction, Ahmanson gains a stronger presence in California, where it is already the third-largest financial

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Home Savings of America, the principal subsidiary of H. F. Ahmanson & Co. (NYSE: AHM), today announced it had acquired five branches of Guardian Federal Savings Association of Huntington Beach from the Resolution Trust Corp. (RTC). The acquisition, which became final at 6 p.m. PDT today, includes

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Coast Federal Bank will sell its 19 San Diego County branches to Home Savings of America for $ 20 million, Coast announced Tuesday. Coast said the sale price is too low to place it in compliance with a new federal guideline requiring S&Ls to boost capital to protect against their riskiest assets.

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Several federal regulations passed during this period proved advantageous to H.F. Ahmanson & Company. A 1968 law ended a nine-year freeze on takeovers by holding companies, and a 1971 rule allowed financial institutions to make loans within 200 miles of each branch office—whereas the old rule had

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The late 1960s and early 1970s were lean years for the savings and loan industry. A frantic building spree had led to many foreclosures in California and money was tight. Out-of-state money had poured into California because interest rates there were much higher than in the rest of the nation, but as

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Home Savings of America, the largest S&L in the nation with over $ 50 billion in assets, bought eight branches in San Bernardino and Riverside counties with deposits totaling about $ 190 million. The Irwindale-based thrift plans to immediately sell one of those branches to First Federal Savings

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Sale closed: Home Savings of America has completed the acquisition of Coast Federal Bank's eight branches in the San Joaquin Valley. The eight Coast branches have deposits of about $ 258 million. Four of the branches are in Fresno, two in Visalia, one in Tulare and one in Sanger. Home Savings, with

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Irwindale-based Home Savings of America has agreed to buy eight Central California branch offices from Coast Federal Bank, the Los Angeles-based savings and loan, officials said Monday. Home Savings now has seven Central California offices. The eight branches have $ 275 million in deposits. Four of

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In April 1992, Home Savings announced that they were changing the names of all of its branch offices to the Home Savings of America name. Previous to that announcement, Home Savings was doing business in the state of New York under the names of Bowery Savings Bank, Home Savings Bank, and Savings of

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The merger of Coast with Home Savings (and not to mention the subsequent acquisition of Home by Washington Mutual that occurred just a few months later) did not occur without problems for customers. One customer discovered that records for her two adjustable-rate mortgages could not be located for

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to take advantage of more space for less money. Second, more than 700 employees were eliminated at staff and administrative levels. As a result, the company lowered its ratio of general expenses to 1.5% of its average assets, nearly one-half point below the industry ratio for the larger savings and

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during the mid-1980s, preferring to rely on the safer 1% to 1.5% earnings garnered from a home loan. It was a prescient decision. From 1988 to 1990, when hundreds of savings and loans throughout the United States were failing because of their involvement with junk bonds, Ahmanson's deposits grew by

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At first blush, the real winners of the merger-mania sweeping Southern California financial institutions appear to be the sign makers. The paint's barely dry on the new Home Savings logos at former Coast Savings branches, and now they're slated to be covered up by Home's would-be owner, Washington

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The combination of Ahmanson, parent of Home Savings of America, and Coast, the Los Angeles-based parent of Coast Federal Bank, will create a thrift with $ 39.2 billion in deposits in California, Texas and Florida. Some branch closings and layoffs are expected, but the sources said the numbers will

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Home Savings of America announced that it had reached an agreement with Coast Savings to acquire 19 branch offices in San Diego County. The deal would make Home Savings the seventh largest institution in the county in terms of branch offices. It has 38. Under the agreement, Los Angeles-based Coast

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In October 1997, Home Savings announced the pending acquisition of the Los Angeles–based Coast Savings Financial, Inc., with its Coast Federal Bank subsidiary for $ 900 million in stock. At the time of the announcement, Coast had 90 branch offices in California while Home had 370 branch offices in

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The Bowery Savings Bank, founded in 1834, will become Home Savings of America on April 20, according to its Los Angeles-based parent, H.F. Ahmanson and Co. The thrift company said it is striving to establish a nationwide identity around the Home Savings of America moniker. That is the name of its

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Home Savings of America yesterday said it will buy the four California branches of Northeast Savings, a New England savings and loan that bought the offices just two years ago from government thrift liquidators. The four branches -- in Carlsbad, Escondido, La Jolla and Mira Mesa -- had about $ 60

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H.F. Ahmanson & Co., the parent of Home Savings of America, said Thursday that federal regulators and shareholders have approved its purchase of Coast Savings Financial, the parent of Coast Federal Bank. The $ 900 million deal, structured as a tax-free exchange of stock, is expected to close

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The parent of Hartford-based Northeast Savings said Thursday it plans to sell its four California branches to a thrift in that state as part of its fight to strengthen its banking operations. Northeast Federal Corp. said it has signed a definitive agreement to sell the branches in the San Diego,

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Home Savings of America has acquired the 10 branches of Santa Barbara-based County Bank from the Resolution Trust Corp., the agency that parcels off the remains of failed thrifts. In announcing the acquisition, Home Savings parent H.F. Ahmanson & Co. said the acquisition includes about $ 630

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S&L deal set to close: Home Savings of America, the principal unit of Irwindale-based H.F. Ahmanson & Co., will complete its $ 20 million acquisition of 19 San Diego County branches of Los Angeles-based Coast Federal Bank on May 3. Home Savings, which has 19 branches in San Diego County,

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By the latter part of the 1970s, investors were beginning to put their money in California institutions again, but in general at this time people were spending more and saving less than past generations. Savings and loans began to look for alternative ways to make money, through consumer lending

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Home Savings of America on Tuesday agreed to acquire the 52 Southern California branches of Household Bank, including 10 in Orange County, for $ 53 million... The acquisition gives Home Savings $ 53 billion in assets and 355 savings branches, including 25 in Orange County. Home Savings plans to

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by Illinois officials had been dropped after the company convinced the protesters that Illinois money would not be used for California investments. In any event, as one official said, protests rarely affect regulatory approvals, and the Savings of America branches continue to attract savers by

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Home Savings of America said Monday it plans to acquire eight branches of Coast Savings Federal Bank, including all four branches in Fresno, one in Sanger, two in Visalia and one in Tulare... Last year, Home Savings bought 19 retail banking offices from Coast. The San Diego offices and Valley

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H.F. Ahmanson & Co. completed the purchase of The Bowery Savings Bank in New York for $ 200 million in cash. The Los Angeles-based parent of Home Savings of America does not plan to merge its Savings of America's New York operations into The Bowery. The Bowery Savings Bank will remain an

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expanded tremendously, especially in California. In 1947, Ahmanson purchased the Home Building and Loan Association, a savings and loan association with assets of less than $ 1 million, for $ 162,000. Home Savings then became the cornerstone of H.F. Ahmanson & Company. In the decade that

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Home Savings of America will close one of the 15 First Interstate Bank branches it is acquiring in the Sacramento region, the company said Wednesday... In all, Home Savings said it will close 14 overlapping branches throughout the state as it completes its $ 200 million deal to buy 61 First

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In the deal, Home Savings took over 91 Coast branches. Last week, Home Savings said it is selling 27 Florida branches to SouthTrust Corp., an Alabama-based operator of regional banks. When the targeted branches are closed, the combined company will have about 375 branches in California and

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institution. The branches it is buying have about $ 2.5 billion in deposits and $ 1.3 billion in loans. Wells Fargo is selling the branches in connection with its acquisition of First Interstate Bancorp. Ahmanson said it expects to consolidate as many as 27 of the branches.

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In light of such favorable numbers, Ahmanson continued to expand by purchasing other savings and loans that were failing. In 1990 and the following year, the company purchased Home Savings Bank of New York and also acquired numerous branch offices from Coast Savings'

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Los Angeles-based Coast has been trying to sell the branches since August. Its inability to do so has left it shy of the new guideline, prompting regulators last month to impose a supervisory agreement on the thrift that limits the amount of deposits it can take in.

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Home Savings completes Coast deal: The Los Angeles-based thrift completed its acquisition of 19 Coast Federal Bank branches in San Diego. The subsidiary of Irwindale-based H.F. Ahmanson & Company paid $ 20 million for the offices, which have $ 950 million in

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Home Savings of America took over 23 branches, including two Oceanside branches, of the failed Western Savings Bank of Marina del Rey this week. The Irwindale-based thrift, the nation's largest, took over four San Diego County branches of Northeast Savings in

728:-based Fidelity Federal Bank for an undisclosed amount and six branch offices of the Hawthorne Savings & Loan for an undisclosed amount in an unrelated sale. The Fidelity transaction was completed in August. Home Savings also acquired five branches of the 1948:

H.F. Ahmanson & Co. has agreed to acquire smaller rival Coast Savings Financial Inc. for about $ 900 million, or $ 46.17 a share, plus certificates representing any cash awards from lawsuits against the U.S. government, say people familiar with the

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with its 25 New York City branches for $ 200 million in cash. The acquisition was completed in February 1988 and initially did not merger Bowery into its existing Savings of America's New York operations and kept it as a separate business entity.

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and was able to avoid most of the problems that other savings institutions faced. Howard Ahmanson viewed the collapse as good for the industry because homes were being built too quickly. Ahmanson likened this industry-wide correction to "a good

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H.F. Ahmanson & Co., the Los Angeles-based parent of Home Savings of America, is scheduled to complete its merger with The Home Savings Bank of New York on Monday, exchanging each share of Home's stock for nearly 1.4 shares of Ahmanson

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restricted lending to within 200 miles of an institution's headquarters only. Spurred by the easing of restrictions, the Home Savings network soon covered the whole state of California, as four offices were acquired in northern California.

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and Hawthorne Savings and Loan Association, with a total of 21 branches in Southern California with deposits totaling $ 1.1 billion. In addition, Home Saving of America purchased five branches of Guardian Federal Savings Association of

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for $ 660 million, a price 1.5 times what some analysts had expected the system to fetch. At the time of the sale, Home Savings had branch offices in New York City, Long Island, and Westchester County just prior to leaving the state.

681:-area branch offices of the Los Angeles–based Coast Federal Bank for $ 20 million in cash. The acquisition was completed in May 1991. Five of the acquired branch offices were closed and consolidated into nearby Home Savings offices. 2013:

today. As part of the acquisition, Ahmanson is closing 52 Coast and Home Savings branches. After the closures, 407 branches will remain... In October, Irwindale-based Ahmanson announced its purchase of Coast, which had 91 branches.

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Ahmanson's insurance operations, the original business of the company, continued to grow, as Stuyvesant Insurance Group was acquired from GAC Corporation in 1974 and Bankers National Life Insurance Company was purchased in 1981.

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before Wells Fargo could acquire First Interstate. As a result of close proximity to an existing Home Savings branch office, the first 14 out of a possible 27 First Interstate Bank branches were announced in June to be closed.

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million in deposits at the end of last year, according to Home Savings. Financial terms of the deal, expected to be complete this fall, weren't disclosed. But Home Savings plans to close three of its San Diego County branches.

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The Home Savings branch network was created through the acquisitions of Century Federal Savings & Loan in 1984, Bowery Savings Bank in 1988, Home Savings Bank in 1990 and several branches of Long Island Savings Bank in

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flagship unit, the nation's largest thrift. Ahmanson, which acquired Bowery in 1988, said the Home Savings of America name also will be adopted by its two smaller New York thrifts -- Home Savings Bank and Savings of America

209:, which called for a reduction of concentrated holdings by foundations, resulted in several stock offerings by H.F. Ahmanson, but the company's financial base was so solid that the sales had minimal effect. A $ 101 million 408:

Having saturated the California savings and loan market, Ahmanson began to merge out-of-state institutions into the Home Savings network under the name Savings of America. In December 1981, three mergers were completed in

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In 1943, Ahmanson bought control of Omaha-based National American Insurance Company. His father had previously owned National American, but the Ahmanson family had lost control of it after his father's death in 1925.

717:-based Northeast Savings for an undisclosed amount. Three of the offices were closed and the deposits from those offices were transferred to nearby Home Savings offices. The acquisition was completed in July 1994. 790:

for an undisclosed amount. At time of the announcement, Home Savings had 39 branch offices in Florida. In December 1997, H. F. Ahmanson announced the pending sale of the remaining 27 branch offices in Florida to

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assets of more than $ 47 billion and deposits of more than $ 39 billion, is the nation's largest savings institution. It operates 378 savings branches in nine states and 90 mortgage lending offices in 13 states.

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loan institutions. Deihl insisted on strict criteria for home loans. The average borrower at Home Savings carried a personal debt of 33% of his total income, almost 3% below the standard set by the

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Irwindale-based H.F. Ahmanson & Co. said shareholders of Coast Savings Financial Inc. approved its acquisition of the thrift and that it expects to complete the $ 900-million transaction today.

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Interstate branches from Wells Fargo & Co. More closings will be announced in the coming weeks... In March, the thrift said up to 27 of the branches, including one in Sacramento, could close.

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Home Savings of America, an Irwindale-based thrift, Monday said it purchased 51 branches of Household Bank's Southern California operations. Home Savings acquired $ 1.25 billion in deposits.

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In August 1996, Home Savings decided to leave the state of Arizona by announcing the pending sale of all 4 branch offices in Arizona to the First National Bank of Arizona, then a unit of

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FDIC-insured institution and will operate as a separate unit of Home Savings. The Bowery has assets of $ 6.3 billion and operates 25 savings branches in the New York Metropolitan area.

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to attract new customers. Not surprisingly, the larger institutions with more advertising dollars to spend prospered and the giants, including Home Savings, gained the power to set

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for $ 53 million in cash. Home Savings had planned to close 20 branches that were in close proximity to existing Home Savings offices. The acquisition was completed in June 1995.

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Prior to 1998 the principal Subsidiaries were Home Savings of America; Savings of America; Ahmanson Mortgage Company; Ahmanson Marketing, Inc.; Griffin Financial Services.

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and also changed the names of its savings and loan operations in New York and Connecticut to Home Savings of America. In 1993, the company purchased 24 branch offices from

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and offers of expensive premium items for customers who opened new accounts. In 1966, legislation ended the so-called "rates wars," leaving institutions to rely on

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the offices are in Fresno, two in Visalia and one each in Tulare and Sanger. Terms of the sale, which must receive regulatory approval, were not disclosed.

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million in retail deposits. Four County Bank branches are located in Santa Barbara County, three in Ventura County and three in San Luis Obispo County.

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followed, Ahmanson acquired 18 additional institutions, merged them under the name Home Savings and Loan, and turned the group into a financial giant.

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The Arizona bank also is gearing to close next month on the purchase of four Arizona branches of Irwindale, Calif.-based Home Savings of America.

1324:"Coast Savings Plans to Sell Eight Branches * About Two Years After Saying It Would Not Sell Its Valley Branches, Coast Savings Changes Its Mind" 2550: 2188: 936:"Howard F. Ahmanson, 61, Dies; One of Nation's Wealthiest Men: Led Home Savings & Loan in Los Angeles -- Fortune Estimated at $ 300-Million" 1093: 720:

In July 1994, Home Savings announced the pending acquisition of two branch offices and the deposits of the remaining four branch office of the

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began to pass legislation designed to regulate the savings and loan industry. In 1965, the Ahmanson Company shifted its mortgage emphasis from

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Fleet-Norstar Financial Group became Fleet Financial Group and the Bowery Savings Bank took the name of its parent, Home Savings of America.

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Considered by his father to be a genius by the age of five, Ahmanson founded the H.F. Ahmanson company in 1927, before graduating from the

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In May 1995, Home Savings announced the pending sale of its entire New York state system of 60 branch offices to the New York City–based

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Part of Deihl's success was due to his strategy of streamlining Ahmanson's operating costs. First, the company moved its headquarters to

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Ahmanson also strengthened its loan operations in the 1980s by opening lending offices under the name of Ahmanson Mortgage Company in

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Davies, Samantha (July 29, 1994). "Home Savings of America has acquired five branches of Guardian Federal Savings Association".

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in 1960 and was elected CEO of the subsidiary in 1967. Under Deihl's leadership, Ahmanson company avoided the high returns from

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In February 1995, Home Savings announced the pending acquisition of 52 Southern California branches of Household Bank from

3310: 2991: 2903: 2819: 2694: 699:-area branch offices of the Coast Federal Bank for an undisclosed amount. The acquisition was completed in November 1992. 2935: 2434: 2149: 1421: 729: 689: 46: 3516: 559:. In 1991, approximately 95% of the company's entire loan portfolio was secured by residential real estate properties. 3531: 2814: 2749: 2719: 696: 358: 271: 3521: 3166: 2829: 2792: 2280: 1736: 1027: 758: 736: 626:(WaMu) purchased HF Ahmanson and its Home Savings unit for $ 10 billion. As a result of this takeover and those of 176: 125: 2477:"Home Savings to Sell 60 N.Y. Branches : Banking: GreenPoint Financial will buy the system for $ 660 million" 377: 362: 290: 275: 151:

H.F Ahmanson continued to grow at a furious pace until the 1960s, when the housing market began to falter and the

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policies to mortgages. New laws passed by states in the late 1940s began to limit this tying relationship. The

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estimated Ahmanson's financial worth at the time at between $ 200 and $ 300 million, most of it controlled by

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In March 1994, Home Savings announced the pending acquisition of the four California branch offices of the

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mergers have also generated some opposition. When Savings of America announced plans to open an office in

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In the 1960s, there was intense competition among savings and loan associations centered around very high

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division launched an investigation of H.F. Ahmanson in the mid-1950s, but the investigation was dropped.

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plans to consolidate six of its branches into five of the Coast branches where market areas overlap.

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In April 1987, Home Savings entered Arizona by announcing the pending acquisition of the one-office

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In October 1987, Home Savings announced the pending acquisition of the troubled New York City–based

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In February 1997, H. F. Ahmanson announced the pending sale of 12 branch offices in Florida to the

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campaigns. One promotion in Texas reportedly brought in $ 60 million in one month. But Ahmanson's

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Act of 1970, H.F. Ahmanson was forced to sell the Ahmanson Bank, which it did in 1976 to private

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in 1972 was a record for the time, yet it only represented 6.4% of the firm's $ 4.4 billion in

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Further penetration outside California continued when, in January 1988, Ahmanson acquired the

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In September 1994, Home Savings announced the acquisition of 23 branch offices of the failed

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H.F. Ahmanson also formed the Ahmanson Bank and Trust Company in 1957, the National American

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during the early 1990s. In 1992, earnings fell to $ 156 million, partially due to falling

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In March 1992, Home Savings announced the acquisition of 10 branch offices of the failed

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In May 1993, Home Savings announced the pending acquisition of 10 branch offices of the

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consolidate 20 of the newly acquired branches into existing Home Savings offices.

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probably be small. Coast has 90 California branches and Ahmanson more than 370.

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These forays outside California often included expensive, and very successful,

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In August 1984, Home Savings entered the state of New York by announcing the

638:’s second largest bank. At the time, HF Ahmanson had $ 55 billion in assets. 3400: 678: 597: 569: 539: 512: 500: 129: 770:

an entire month. A Home Savings customer discovered that the bank lost his

195:. The Ahmanson company was known for being quiet regarding its operations. 2541:"Home Savings to sell Arizona franchise to First National Bank of Arizona" 580:. In July, 1994, Home Savings of America purchased Fidelity Federal Bank, 441:(1987). At the end of 1987, Home Savings reported $ 27 billion in assets. 429:

merger was completed in 1984. Subsequent mergers included institutions in

225:

investors. However, Ahmanson was able to retain its trust operations as a

1959: 1815: 1625: 1069: 988: 954: 904: 534:

of H.F. Ahmanson in 1983. A company veteran, he joined Home Savings as a

516: 488: 476: 422: 414: 322:

other states began to match California's rates, the money was withdrawn.

165: 2391:"The Company Name Game; Is Corporate America Having an Identity Crisis?" 864:

for an undisclosed amount. The acquisition was completed in March 1997.

1051:"H.F. Ahmanson & Co.'s Initial Public Offer Of Stock Sells Quickly" 641:

The acquisition also gave Washington Mutual control over a part of the

596:

Yet even with this expansion Ahmanson felt the effects of California's

472:. The 25 Bowery offices continue to operate under their original name. 434: 410: 172: 2628: 677:

In January 1991, Home Savings announced the pending acquisition of 19

822:

In April 1990, Home Savings announced the pending acquisition of the

508: 461:

offering interest rates as much as 2% higher than local competitors.

214: 749:

In March 1996, Home Savings announced the pending acquisition of 61

695:

In August 1992, Home Savings announced the pending acquisition of 8

2209:"Ahmanson to Buy Bowery Savings Bank of New York for $ 200 Million" 608:. During the same year, 61% of its mortgage business resulted from 547:

during the same period averaged more than $ 200 million per year.

418: 2920: 710:

from the Resolution Trust Corporation for an undisclosed amount.

168:

that cleaned out the system when it could afford to be cleaned."

1752:"Home Savings Wins Bidding War for 61 First Interstate Branches" 430: 241: 2924: 2632: 2456:"Greenpoint to Pay $ 660 Million For 60 Home Savings Branches" 702:

In December 1993, Home Savings announced the acquisition of 8

531: 341: 254: 61:

Howard Fieldstad Ahmanson, the company's founder, was born in

1010:. Vol. 90, no. 19. November 10, 1967. p. 106. 589:

and four branches of Northeast Savings in San Diego from the

543:

75% and its assets increased by more than 65%. The company's

2001:"Closing Deal = Closing Banks - Ahmanson: Coast Has Cleared" 837:-based Long Island Savings Bank for an undisclosed amount. 3642:

Defunct financial services companies of the United States

2104:"Not So Safe: Bank Loses Safe-Deposit Box, Heirlooms" 2051:"Home, Coast Closures - Thrifts Shutting 50 Branches" 1166:"Coast Federal Bank to Sell Branches to Home Savings" 572:

operation. In 1992, Ahmanson acquired County Bank of

2501:"H. F. Ahmanson agreed to buy an S&L in Arizona" 1297:"Briefly - Home Savings Buys Coast Federal Branches" 604:

in the state which led to a substantial increase in

3444: 3243: 3179: 3066: 3028: 3019: 2958: 2763: 2670: 1587:"Fidelity Federal Completes Sale of Problem Assets" 706:-area branch offices of the failed San Diego–based 664:has become the successor to H. F. Ahmanson and Co. 2366:"N.Y.'s landmark Bowery Savings changing its name" 2364: 2337: 2249: 2076: 2049: 1999: 1923: 1900: 1828: 1791: 1707: 1681: 1567:"Banking & Finance: Ahmanson Buys 21 Branches" 1498: 1469: 1442: 1395: 1348: 1322: 1295: 1269: 1243: 1217: 1191: 1164: 1049: 968: 934: 884: 2189:"Home Savings In Acquisition Washington, Aug. 12" 2169:"Southtrust to Buy 27 More Home Savings Branches" 1993: 1991: 1493: 1491: 645:, a hotly disputed undeveloped area northwest of 2549:(Press release). August 30, 1996. Archived from 2125:"Some Hold Back the Welcome Mat at Home Savings" 1526:"Long Beach Bank Sells Deposits to Home Savings" 92:: "the worse it got, the better it was for me." 2318:"Parent of Home Savings to Buy New York Thrift" 2230:"Bowery Savings Bank Is Sold for $ 200 Million" 2023: 2021: 1102:(Press release). September 9, 1994 – via 1088: 1086: 1084: 1082: 1080: 1078: 878: 876: 3687:Defunct companies based in Greater Los Angeles 2414:"Long Island Savings Bank to Sell 10 Branches" 1444:"Home Savings will buy Northeast's 4 branches" 805:Federal Savings and Loan Insurance Corporation 88:. Ahmanson once remarked that he felt like an 2936: 2644: 651:Upper Las Virgenes Canyon Open Space Preserve 8: 2297:"H. F. Ahmanson Plans Expansion in New York" 1271:"Ual Chairman Takes 97% Cut In '91 Earnings" 1039:H.F. Ahmanson & Co., 1993 Annual Report. 753:branch offices for about $ 200 million that 1193:"Home Savings to acquire 19 Coast branches" 1144:"Home Savings to Buy Coast's S.D. Branches" 376:. Unsourced material may be challenged and 289:. Unsourced material may be challenged and 139:Company in 1958, and the National American 3552:Indiana Michigan Power Center (Fort Wayne) 3025: 2943: 2929: 2921: 2651: 2637: 2629: 2614:Archived Coast Federal Bank website (1997) 2578:"Name change evokes bank's Pacific parent" 1640:"Western Fed Sold to Home Savings, Others" 886:"It's Not All Finance With L.A. Financier" 3702:American companies disestablished in 1998 396:Learn how and when to remove this message 309:Learn how and when to remove this message 3697:Holding companies disestablished in 1998 1659:Mulligan, Thomas S. (February 8, 1995). 557:Government National Mortgage Association 468:, an institution established in 1934 in 179:and his son, Howard Ahmanson suffered a 84:, the company prospered by dealing with 3557:JPMorgan Chase Building (San Francisco) 2909:Central Los Angeles & Wilshire area 967:Nichols, Robert E. (December 3, 1961). 872: 3657:American companies established in 1927 3647:Holding companies of the United States 2622:"H. F. Ahmanson & Company History" 2576:Vandeveire, Mary (February 23, 1997). 2276:"H.F. Ahmanson to buy New York thrift" 1998:Adamson, Deborah (February 13, 1998). 1925:"Ahmanson Agrees to Buy Coast Savings" 1899:Wilcox, Gregory J. (October 7, 1997). 1750:Mulligan, Thomas S. (March 29, 1996). 1638:Myers, David W. (September 10, 1994). 1545:Granelli, James S. (October 7, 1994). 1117:Morris, Kathleen (November 12, 1998). 807:-assisted acquisition of the troubled 3662:Holding companies established in 1927 3381:National Bank of Commerce in New York 2048:Adamson, Deborah (December 9, 1997). 1772:"Home Savings Deal Helps Wells Fargo" 530:Richard H. Deihl became chairman and 171:On June 17, 1968, while traveling in 41:. It was best known as the parent of 7: 3682:1998 disestablishments in California 3602: 3472:270 Park Avenue (2021–present) 3266:Banca Commerciale Italiana Trust Co. 2475:Mulligan, Thomas S. (May 16, 1995). 2435:"Ahmanson selling New York branches" 1880:"Ahmanson In Deal for Coast Federal" 1802:(Eastern ed.). March 29, 1996. 1509:. September 17, 1994. pp. C-1. 1471:"Northeast Federal to Sell Branches" 527:, provided support for the offices. 374:adding citations to reliable sources 287:adding citations to reliable sources 72:. Ahmanson's company specialized in 2153:. February 12, 1997. Archived from 2102:Haldane, David (October 12, 1999). 1938:from the original on April 20, 2017 1394:Hanley, Robert (December 4, 1993). 1190:Bratt, L. Erik (January 23, 1991). 120:often earned extra income by tying 3371:Mechanics and Metals National Bank 2363:Roosevelt, Phil (April 12, 1992). 2075:Sanders, Edmund (March 18, 1998). 1680:Iwata, Edward (February 8, 1995). 1468:Johnson, Joanne (March 18, 1994). 1142:Johnson, Greg (January 23, 1991). 25: 3677:1927 establishments in California 3517:Chase Tower (Englewood, Colorado) 3467:270 Park Avenue (1960–2021) 2348:. November 14, 1990. p. B1. 2228:Berg, Eric N. (October 6, 1987). 1922:Lipin, Steven (October 6, 1997). 1854:Vrana, Debora (October 6, 1997). 1441:Hanley, Robert (March 18, 1994). 1359:. November 23, 1992. p. C2. 100:Post World War II era & 1950s 70:University of Southern California 3613: 3601: 3590: 3589: 3326:Fourth National Bank of New York 3010: 2316:Sanchez, Jesus (April 3, 1990). 2260:. February 2, 1988. p. B1. 1934:(Eastern ed.). p. A3. 1524:Takahashi, Dean (July 2, 1994). 1321:Nax, Sanford (August 25, 1992). 1163:Greene, Jay (January 23, 1991). 883:Tucker, Harold (June 11, 1961). 842:GreenPoint Financial Corporation 346: 259: 3431:Valley National Bank of Arizona 1306:. August 25, 1992. p. B2. 1060:. October 18, 1972. p. 30. 143:Company of California in 1961. 76:and quickly became the largest 3652:Companies based in Los Angeles 3562:JPMorgan Chase Tower (Houston) 2454:Hansell, Saul (May 16, 1995). 2433:Iwata, Edward (May 15, 1995). 2295:Lev, Michael (April 3, 1990). 1830:"Home Savings to Close Branch" 1280:. March 31, 1992. p. B3. 1228:. April 16, 1991. p. B1. 1: 3311:Dime Savings Bank of New York 2992:Highbridge Capital Management 1839:. June 27, 1996. p. F2. 1718:. June 21, 1995. p. B2. 1245:"L.A. Briefly - Developments" 1219:"L.A. Briefly - Developments" 47:savings and loan associations 27:American bank holding company 3672:Banks disestablished in 1998 3301:Continental Bank & Trust 2150:Fort Lauderdale Sun Sentinel 2029:"Southtrust Buys More Banks" 1612:(Press release). p. 1. 945:. June 18, 1968. p. 47. 923:. February 1956. p. 53. 757:was required to sell by the 690:Resolution Trust Corporation 688:–based County Bank from the 37:holding company named after 3532:Chase Tower (Oklahoma City) 2123:Lee, Don (March 18, 1998). 1254:. May 7, 1991. p. B1. 917:"Businessmen in the News". 795:for $ 300 million in cash. 692:for an undisclosed amount. 634:, Washington Mutual became 3718: 3522:Chase Tower (Indianapolis) 2985:Chase Card Services Canada 2281:United Press International 1737:U.S. Department of Justice 1500:"San Diego And California" 759:U.S. Department of Justice 229:, Ahmanson Trust Company. 177:Caroline Leonetti Ahmanson 126:U.S. Department of Justice 80:in California. During the 45:, once one of the largest 3667:Banks established in 1927 3585: 3572:One Chase Manhattan Plaza 3258:American Savings and Loan 3008: 2848: 2605:Archived official website 1277:Long Beach Press-Telegram 3426:Trust Company of America 3376:National Bank of Detroit 2583:Phoenix Business Journal 751:First Interstate Bancorp 3542:Chase Tower (Rochester) 3527:Chase Tower (Milwaukee) 3406:Robert Fleming & Co 3104:William B. Harrison Jr. 2800:Other elected officials 2521:"Banking & Finance" 2440:San Francisco Chronicle 1956:(subscription required) 1812:(subscription required) 1622:(subscription required) 1506:San Diego Union Tribune 1450:San Diego Union Tribune 1422:"HomeFed's Branch Sale" 1403:San Diego Union Tribune 1199:San Diego Union Tribune 1119:"Ahmanson: Parity Lost" 1066:(subscription required) 1024:(subscription required) 985:(subscription required) 951:(subscription required) 901:(subscription required) 744:Household International 673:Expansion in California 632:Great Western Financial 43:Home Savings of America 31:H.F. Ahmanson & Co. 3497:Chase Tower (Amarillo) 3391:New York Trust Company 2879:Greater Hollywood 2345:Los Angeles Daily News 2257:Los Angeles Daily News 2251:"L.A. Briefly - Deals" 2084:Orange County Register 2057:Los Angeles Daily News 2007:Los Angeles Daily News 1908:Los Angeles Daily News 1715:Los Angeles Daily News 1709:"Briefly: Home buying" 1689:Orange County Register 1303:Los Angeles Daily News 1251:Los Angeles Daily News 1225:Los Angeles Daily News 1172:Los Angeles Daily News 1124:Bloomberg Businessweek 458:Federal Home Loan Bank 207:Tax Reform Act of 1969 3537:Chase Tower (Phoenix) 3512:Chase Tower (El Paso) 3502:Chase Tower (Chicago) 3421:The Manhattan Company 3411:State Bank of Chicago 3366:Manufacturers Hanover 3341:HF Ahmanson & Co. 3336:Hambrecht & Quist 3119:Douglas A. Warner III 3084:Junius Spencer Morgan 1981:. February 13, 1998. 799:Expansion in New York 656:With the collapse of 606:non-performing assets 591:Resolution Trust Corp 552:Irwindale, California 175:with his second wife 39:Howard F. Ahmanson Sr 18:HF Ahmanson & Co. 3507:Chase Tower (Dallas) 3291:Chase Manhattan Bank 3276:Bank United of Texas 3094:Henry Sturgis Morgan 3074:John Pierpont Morgan 3042:Mary Callahan Erdoes 2988:EMC Mortgage Company 1739:. February 28, 1996. 1383:. November 19, 1992. 1002:"Emperor in Private" 849:Expansion in Arizona 778:Expansion in Florida 523:, in California and 521:loan service centers 425:followed in 1982. A 370:improve this section 283:improve this section 219:Bank Holding Company 116:Prior to the 1950s, 3416:Texas Commerce Bank 3262:Anchor Savings Bank 3149:Dennis Weatherstone 3002:One Equity Partners 2894:San Fernando Valley 2372:Dallas Morning News 2177:. December 5, 1997. 2037:. December 6, 1997. 1931:Wall Street Journal 1799:Wall Street Journal 1430:. December 4, 1993. 1057:Wall Street Journal 816:Bowery Savings Bank 784:Birmingham, Alabama 466:Bowery Savings Bank 200:William H. Ahmanson 198:Ahmanson's nephew, 161:apartment buildings 3577:The Qube (Detroit) 3482:383 Madison Avenue 3386:National Park Bank 3356:JP Morgan & Co 3331:Great Western Bank 3306:Corn Exchange Bank 3230:Phebe N. Novakovic 2997:JP Morgan & Co 2624:. FundingUniverse. 2529:. August 31, 1996. 2461:The New York Times 2419:The New York Times 2396:The New York Times 2302:The New York Times 2235:The New York Times 2217:. October 6, 1987. 2197:. August 13, 1984. 2194:The New York Times 2174:The New York Times 1888:. October 7, 1997. 1885:The New York Times 1777:The New York Times 1595:. August 30, 1994. 1427:The New York Times 942:The New York Times 772:safety deposit box 153:federal government 74:casualty insurance 3629: 3628: 3436:Washington Mutual 3253:American Fletcher 3175: 3174: 3114:Walter V. Shipley 3099:David Rockefeller 2918: 2917: 2553:on April 20, 2017 2526:Los Angeles Times 2509:. April 29, 1987. 2506:Los Angeles Times 2482:Los Angeles Times 2399:. July 15, 1992. 2323:Los Angeles Times 2214:Los Angeles Times 2157:on April 9, 2017. 2130:Los Angeles Times 2109:Los Angeles Times 1978:Los Angeles Times 1861:Los Angeles Times 1780:. March 29, 1996. 1757:Los Angeles Times 1735:(Press release). 1666:Los Angeles Times 1645:Los Angeles Times 1592:Los Angeles Times 1572:Los Angeles Times 1552:Los Angeles Times 1531:Los Angeles Times 1380:Los Angeles Times 1149:Los Angeles Times 976:Los Angeles Times 892:Los Angeles Times 658:Washington Mutual 624:Washington Mutual 406: 405: 398: 319: 318: 311: 65:on July 1, 1906. 16:(Redirected from 3709: 3617: 3605: 3604: 3593: 3592: 3346:Indiana National 3235:Virginia Rometty 3159:Winthrop Aldrich 3144:Thomas W. Lamont 3139:James B. Lee Jr. 3079:J. P. Morgan Jr. 3026: 3014: 2981:Chase Paymentech 2945: 2938: 2931: 2922: 2859:Crescenta Valley 2653: 2646: 2639: 2630: 2625: 2617: 2616: 2608: 2607: 2591: 2590: 2573: 2567: 2566: 2563:The Free Library 2560: 2558: 2537: 2531: 2530: 2517: 2511: 2510: 2497: 2491: 2490: 2472: 2466: 2465: 2451: 2445: 2444: 2430: 2424: 2423: 2410: 2404: 2403: 2387: 2381: 2380: 2368: 2360: 2354: 2353: 2341: 2334: 2328: 2327: 2313: 2307: 2306: 2292: 2286: 2285: 2284:. April 2, 1990. 2272: 2266: 2265: 2253: 2246: 2240: 2239: 2225: 2219: 2218: 2205: 2199: 2198: 2185: 2179: 2178: 2165: 2159: 2158: 2141: 2135: 2134: 2120: 2114: 2113: 2099: 2093: 2092: 2080: 2072: 2066: 2065: 2053: 2045: 2039: 2038: 2034:Orlando Sentinel 2025: 2016: 2015: 2003: 1995: 1986: 1985: 1969: 1963: 1957: 1951: 1945: 1943: 1927: 1919: 1913: 1912: 1904: 1896: 1890: 1889: 1876: 1870: 1869: 1851: 1845: 1844: 1832: 1825: 1819: 1813: 1807: 1795: 1788: 1782: 1781: 1768: 1762: 1761: 1747: 1741: 1740: 1729: 1723: 1722: 1711: 1704: 1698: 1697: 1685: 1677: 1671: 1670: 1656: 1650: 1649: 1635: 1629: 1623: 1617: 1603: 1597: 1596: 1583: 1577: 1576: 1575:. July 22, 1994. 1563: 1557: 1556: 1542: 1536: 1535: 1521: 1515: 1514: 1502: 1495: 1486: 1485: 1477:Hartford Courant 1473: 1465: 1459: 1458: 1453:. pp. C-1. 1446: 1438: 1432: 1431: 1418: 1412: 1411: 1406:. pp. A-1. 1399: 1391: 1385: 1384: 1371: 1365: 1364: 1352: 1345: 1339: 1338: 1326: 1318: 1312: 1311: 1299: 1292: 1286: 1285: 1273: 1266: 1260: 1259: 1247: 1240: 1234: 1233: 1221: 1214: 1208: 1207: 1202:. pp. D-1. 1195: 1187: 1181: 1180: 1168: 1160: 1154: 1153: 1139: 1133: 1132: 1127:. Archived from 1114: 1108: 1107: 1104:The Free Library 1090: 1073: 1067: 1061: 1053: 1046: 1040: 1037: 1031: 1025: 1019: 998: 992: 986: 980: 972: 964: 958: 952: 946: 938: 931: 925: 924: 914: 908: 902: 896: 888: 880: 730:Huntington Beach 628:American Savings 587:Huntington Beach 493:Washington, D.C. 454:Berwyn, Illinois 401: 394: 390: 387: 381: 350: 342: 314: 307: 303: 300: 294: 263: 255: 185:Fortune Magazine 118:mortgage lenders 82:Great Depression 21: 3717: 3716: 3712: 3711: 3710: 3708: 3707: 3706: 3632: 3631: 3630: 3625: 3581: 3477:277 Park Avenue 3457:245 Park Avenue 3452:125 London Wall 3440: 3361:Lincoln Savings 3351:Jardine Fleming 3245: 3239: 3182: 3171: 3062: 3049:Gordon A. Smith 3046:Daniel E. Pinto 3021: 3015: 3006: 2954: 2949: 2919: 2914: 2913: 2844: 2815:Fire Department 2759: 2666: 2657: 2620: 2612: 2611: 2603: 2602: 2599: 2594: 2575: 2574: 2570: 2556: 2554: 2539: 2538: 2534: 2519: 2518: 2514: 2499: 2498: 2494: 2474: 2473: 2469: 2453: 2452: 2448: 2432: 2431: 2427: 2412: 2411: 2407: 2389: 2388: 2384: 2375:. p. 15H. 2362: 2361: 2357: 2336: 2335: 2331: 2315: 2314: 2310: 2294: 2293: 2289: 2274: 2273: 2269: 2248: 2247: 2243: 2227: 2226: 2222: 2207: 2206: 2202: 2187: 2186: 2182: 2167: 2166: 2162: 2143: 2142: 2138: 2122: 2121: 2117: 2101: 2100: 2096: 2087:. p. c01. 2074: 2073: 2069: 2047: 2046: 2042: 2027: 2026: 2019: 1997: 1996: 1989: 1971: 1970: 1966: 1955: 1941: 1939: 1921: 1920: 1916: 1898: 1897: 1893: 1878: 1877: 1873: 1853: 1852: 1848: 1827: 1826: 1822: 1811: 1790: 1789: 1785: 1770: 1769: 1765: 1749: 1748: 1744: 1731: 1730: 1726: 1706: 1705: 1701: 1692:. p. c02. 1679: 1678: 1674: 1658: 1657: 1653: 1637: 1636: 1632: 1621: 1605: 1604: 1600: 1585: 1584: 1580: 1565: 1564: 1560: 1544: 1543: 1539: 1523: 1522: 1518: 1497: 1496: 1489: 1467: 1466: 1462: 1440: 1439: 1435: 1420: 1419: 1415: 1393: 1392: 1388: 1373: 1372: 1368: 1347: 1346: 1342: 1320: 1319: 1315: 1294: 1293: 1289: 1268: 1267: 1263: 1242: 1241: 1237: 1216: 1215: 1211: 1189: 1188: 1184: 1162: 1161: 1157: 1141: 1140: 1136: 1116: 1115: 1111: 1092: 1091: 1076: 1065: 1048: 1047: 1043: 1038: 1034: 1023: 1000: 999: 995: 984: 966: 965: 961: 950: 933: 932: 928: 916: 915: 911: 900: 882: 881: 874: 870: 851: 801: 780: 675: 670: 602:property values 582:Long Beach Bank 565: 519:. Two regional 402: 391: 385: 382: 367: 351: 340: 315: 304: 298: 295: 280: 264: 253: 149: 137:Title Insurance 108:, the American 102: 63:Omaha, Nebraska 59: 28: 23: 22: 15: 12: 11: 5: 3715: 3713: 3705: 3704: 3699: 3694: 3692:JPMorgan Chase 3689: 3684: 3679: 3674: 3669: 3664: 3659: 3654: 3649: 3644: 3634: 3633: 3627: 3626: 3624: 3623: 3611: 3599: 3586: 3583: 3582: 3580: 3579: 3574: 3569: 3564: 3559: 3554: 3549: 3544: 3539: 3534: 3529: 3524: 3519: 3514: 3509: 3504: 3499: 3494: 3489: 3484: 3479: 3474: 3469: 3464: 3462:25 Bank Street 3459: 3454: 3448: 3446: 3442: 3441: 3439: 3438: 3433: 3428: 3423: 3418: 3413: 3408: 3403: 3398: 3393: 3388: 3383: 3378: 3373: 3368: 3363: 3358: 3353: 3348: 3343: 3338: 3333: 3328: 3323: 3318: 3313: 3308: 3303: 3298: 3293: 3288: 3283: 3278: 3273: 3268: 3263: 3260: 3255: 3249: 3247: 3241: 3240: 3238: 3237: 3232: 3227: 3224: 3222:Mellody Hobson 3219: 3214: 3211: 3206: 3201: 3196: 3191: 3187: 3185: 3177: 3176: 3173: 3172: 3170: 3169: 3164: 3161: 3156: 3154:John J. McCloy 3151: 3146: 3141: 3136: 3134:Blythe Masters 3131: 3126: 3124:Temple Bowdoin 3121: 3116: 3111: 3106: 3101: 3096: 3091: 3089:George Peabody 3086: 3081: 3076: 3070: 3068: 3064: 3063: 3061: 3060: 3055: 3050: 3047: 3044: 3039: 3032: 3030: 3023: 3017: 3016: 3009: 3007: 3005: 3004: 2999: 2994: 2989: 2986: 2983: 2978: 2973: 2968: 2962: 2960: 2956: 2955: 2952:JPMorgan Chase 2950: 2948: 2947: 2940: 2933: 2925: 2916: 2915: 2912: 2911: 2906: 2901: 2896: 2891: 2886: 2881: 2876: 2871: 2866: 2861: 2856: 2850: 2849: 2846: 2845: 2843: 2842: 2840:Transportation 2837: 2832: 2827: 2825:Public schools 2822: 2817: 2812: 2807: 2802: 2797: 2796: 2795: 2793:Common Council 2790: 2780: 2775: 2769: 2767: 2761: 2760: 2758: 2757: 2752: 2747: 2745:Notable people 2742: 2737: 2732: 2727: 2722: 2717: 2712: 2710:Historic sites 2707: 2702: 2697: 2695:Transportation 2692: 2691: 2690: 2685: 2674: 2672: 2668: 2667: 2658: 2656: 2655: 2648: 2641: 2633: 2627: 2626: 2618: 2609: 2598: 2597:External links 2595: 2593: 2592: 2568: 2532: 2512: 2492: 2467: 2446: 2425: 2422:. 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