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Great Western Bank (1919–1997)
Great Western Bank (previously known as Great Western Savings & Loan) was a large retail bank that operated primarily in the Western United States. Great Western's headquarters were in Chatsworth, California. At one time, Great Western was one of the largest savings and loan in the United States, second only to Home Savings of America. The bank was acquired by Washington Mutual in 1997 for $6.8 billion. Great Western Bank was held by ''Great Western Financial Corporation'' ("GWFC"), a corporation organized under the laws of the state of Delaware that was traded on the New York Stock Exchange under the stock symbol "GWF". History Early years Great Western was founded in 1919 in California as a savings and loan association. Great Western can trace its lineage to the incorporation in 1925 of a savings and loan association called "Great Western Building and Loan Association" that was located in downtown Los Angeles and was founded by a group of immigrant investors from Czechoslovak ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Western Bank
Great Western Bank may refer to: * Great Western Bank (1919–1997), defunct bank headquartered in California * Great Western Bank (1907–2022), bank headquartered in South Dakota {{Disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portland Business Journal
Portland most commonly refers to: * Portland, Oregon, the largest city in the state of Oregon, in the Pacific Northwest region of the United States * Portland, Maine, the largest city in the state of Maine, in the New England region of the northeastern United States * Isle of Portland, England, a tied island in the English Channel Portland may also refer to: Places and establishments Australia *Cape Portland, Tasmania, a cape on the north-eastern tip of Tasmania *Portland, New South Wales, a town with the first Australian cement works *Portland, Victoria, a regional city and port *City of Portland (Victoria), a former local government area (LGA) Canada *Port Lands, Toronto, Ontario (sometimes mistakenly spelled "Portlands"), the eastern part of the Toronto waterfront *Portland Island (British Columbia), a small island off the coast of Vancouver island *Portland Inlet, an inlet between southeastern Alaska and British Columbia **Portland Canal, an arm of Portland Inlet *Portland Es ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crestar Bank
Crestar Bank was a bank headquartered in Richmond, Virginia with branches in Virginia and Maryland. It was the leading subsidiary of Crestar Financial Corporation. In 1998, it was acquired by SunTrust Banks. At that time, it was the largest independent bank in Virginia. History The bank was originally chartered as State Planters Bank of Commerce and Trusts on December 8, 1865 in Richmond. In 1926, State Planters Bank of Commerce and Trusts merged with State & City Bank and Trust Co. and was renamed State Planters Bank and Trust Co. In 1969, it was renamed United Virginia Bank/State Planters. It reorganized as a holding company, United Virginia Bankshares, in 1971, which changed its name to Crestar Financial Corporation in 1987. In 1991, the bank acquired $527 million in deposits of Heritage Savings Bank for $2.35 million after it was seized by the Resolution Trust Corporation during the savings and loan crisis. In 1992, the bank acquired Perpetual Savings Bank for $7.8 million ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1994 Northridge Earthquake
The 1994 Northridge earthquake was a moment 6.7 (), blind thrust earthquake that occurred on January 17, 1994, at 4:30:55 a.m. PST in the San Fernando Valley region of the City of Los Angeles. The quake had a duration of approximately 10–20 seconds, and its peak ground acceleration of 1.82 ''g'' was the highest ever instrumentally recorded in an urban area in North America. Shaking was felt as far away as San Diego, Turlock, Las Vegas, Richfield, Phoenix and Ensenada. The peak ground velocity at the Rinaldi Receiving Station was , the fastest ever recorded. Two 6.0 aftershocks followed, the first about one minute after the initial event and the second approximately 11 hours later, the strongest of several thousand aftershocks in all. The death toll was 57, with more than 9,000 injured. In addition, property damage was estimated to be $13–50 billion (equivalent to $24–93 billion in 2021), making it one of the costliest natural disasters in U.S. history. Epi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Associates National Bank
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002. Citigroup owns Citicorp, the holding company for Citibank, as well as several international subsidiaries. Citigroup is incorporated in Delaware. Citigroup is the third largest banking institution in the United States; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four banking institutions of the United States. It is considered a systemically important bank by the Financial Stability Board and is commonly cited as being too big to fail. It is one of the nine global investment banks in the Bulge Bracket. Citigroup is ranked 33rd on the ''Fortune'' 500 as of 2021. Citigroup has approximately 200 million customer accou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ford Financial Services Group
Ford Motor Credit Company LLC, d/b/a Ford Credit, is the financial services arm of Ford Motor Company, and is headquartered in Dearborn, Michigan. The predominant share of Ford Credit's business consists of financing Ford and Lincoln vehicles and supporting Ford and Lincoln dealers. Specifically, its business activities are concentrated in the area of automobile financing for consumers and dealership inventory and leasing. Ford Credit competes mainly on the basis of service and financing rate programs, including those sponsored by Ford. A key foundation of its service is providing broad and consistent purchasing policies for retail installment sale and lease contracts, and consistent support for dealer financing requirements across economic cycles. These policies have helped Ford Credit build strong relationships with Ford's dealer network that enhance competitiveness. Ford Credit also provides commercial financing and lines of credit to dealerships selling Ford Motor Company pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Associates Corporation Of North America
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002. Citigroup owns Citicorp, the holding company for Citibank, as well as several international subsidiaries. Citigroup is incorporated in Delaware. Citigroup is the third largest banking institution in the United States; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four banking institutions of the United States. It is considered a systemically important bank by the Financial Stability Board and is commonly cited as being too big to fail. It is one of the nine global investment banks in the Bulge Bracket. Citigroup is ranked 33rd on the ''Fortune'' 500 as of 2021. Citigroup has approximately 200 million customer ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Resolution Trust Corporation
The Resolution Trust Corporation (RTC) was a U.S. government-owned asset management company run by Lewis William Seidman and charged with liquidating assets, primarily real estate-related assets such as mortgage loans, that had been assets of savings and loan associations (S&Ls) declared insolvent by the Office of Thrift Supervision (OTS) as a consequence of the savings and loan crisis of the 1980s. It also took over the insurance functions of the former Federal Home Loan Bank Board (FHLBB). Between 1989 and mid-1995, the Resolution Trust Corporation closed or otherwise resolved 747 thrifts with total assets of $394 billion. Its funding was provided by the Resolution Funding Corporation (REFCORP) which still exists to support the debt obligations it created for these functions. History The Resolution Trust Corporation was established in 1989 by the Financial Institutions Reform Recovery and Enforcement Act (FIRREA), and it was overhauled in 1991., Resolution Trust C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FSLIC
The Federal Savings and Loan Insurance Corporation (FSLIC) was an institution that administered deposit insurance for savings and loan institutions in the United States. History Establishment The FSLIC was established by the National Housing Act of 1934, which was signed into law by President Franklin D. Roosevelt on June 27, 1934. Upon the creation of the FSLIC, it was assigned a capital stock of $100,000,000. All federal savings and loan associations were required to apply for insurance through the FSLIC; other building and loan associations whose capital was not impaired were also allowed to apply. The FSLIC was given certain regulatory powers over insured institutions, requiring each institution to accumulate reserves over several years. FSLIC assessed an annual insurance premium, which was calculated as 0.25% of the total amount of all accounts of insured shareholders or members, plus any creditor obligations. The FSLIC would suspend insurance premiums whenever the FSLIC's re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HomeFed Bank
HomeFed Bank was an American savings and loan association based in San Diego. It was founded by Charles K. Fletcher as Home Federal Savings and Loan Association in 1934 with $7,500, including $2,000 of his own and $7,500 from friends. At the time, new federal legislation in the Home Owners' Loan Corporation Act had created a new industry for mortgage finance. Home Federal's assets grew to $4 million within eight years. In 1983, it became a public company. It changed its name from Home Federal Savings and Loan to HomeFed Bank in 1989. That year, HomeFed achieved a company record $115.7 million in earnings. In November 1990, HomeFed warned federal regulators that its non-performing loans could increase by $250 million in the fourth quarter to a total of about $1 billion if the economy did not improve. At the time, it was the country's fifth-largest savings and loan with $19.1 billion in assets and 215 branches. The federal regulators took control of HomeFed in July 1992 when the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Stock Exchange
NYSE American, formerly known as the American Stock Exchange (AMEX), and more recently as NYSE MKT, is an American stock exchange situated in New York City. AMEX was previously a mutual organization, owned by its members. Until 1953, it was known as the New York Curb Exchange. NYSE Euronext acquired AMEX on October 1, 2008, with AMEX integrated with the Alternext European small-cap exchange and renamed the NYSE Alternext U.S. In March 2009, NYSE Alternext U.S. was changed to NYSE Amex Equities. On May 10, 2012, NYSE Amex Equities changed its name to NYSE MKT LLC. Following the SEC approval of competing stock exchange IEX in 2016, NYSE MKT rebranded as NYSE American and introduced a 350-microsecond delay in trading, referred to as a "speed bump", which is also present on the IEX. History The Curb market The exchange grew out of the loosely organized curb market of curbstone brokers on Broad Street in Manhattan. Efforts to organize and standardize the market started early in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
