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词条 California Federal Bank
释义

  1. History

  2. References

{{Infobox company
| name = California Federal Bank
| industry = Banking
| fate = Acquired by Citigroup
| foundation = {{start date and age|1945}}
| defunct = {{end date and age|2002|11|13}}
| location = San Francisco, California
| assets = $50.680 billion (2002)
| footnotes = [1]
}}

California Federal Bank, known as CalFed, was a bank headquartered in Los Angeles, California at 5670 Wilshire Boulevard. It operated 352 branches, most of which were in California. In 2002, the bank was acquired by Citigroup.

History

The bank was founded in 1926.

In 1994, the bank acquired Cornerstone Savings & Loan after it was shut down by regulators as a result of bank failure.[2]

In 1997, First Nationwide Holdings Inc. acquired the bank and took the California Federal name.[3] Since 1994, First Nationwide Holdings Inc. was owned 80% by Ronald Perelman and 20% by Gerald J. Ford.[4]

In 1998, Golden State Bancorp, the parent of Glendale Federal Bank, acquired the bank and moved the headquarters from Los Angeles to San Francisco.[5]

In 2000, the bank's auto loan subsidiary acquired Downey Auto Finance.[6]

In 2002, Citigroup acquired the bank for $5.8 billion.[7]

References

1. ^{{cite web | url=https://research.fdic.gov/bankfind/detail.html?bank=30278 | title=FDIC Bank Info: California Federal Bank (FDIC # 30278) | publisher=Federal Deposit Insurance Corporation}}
2. ^{{cite news | url=http://articles.latimes.com/1994-12-17/business/fi-9956_1_sale-agreement | title=Sale of Cornerstone S&L to Cal Fed Wins Approval | work=Los Angeles Times | date=December 17, 1994}}
3. ^{{cite news | url=http://articles.latimes.com/1997-01-04/business/fi-15279_1_cal-fed | title=Cal Fed, First Nationwide Complete Merger | work=Los Angeles Times | date=January 4, 1997}}
4. ^{{cite news | url=http://www.sfgate.com/business/article/Glendale-Goes-Merger-Route-With-Cal-Fed-3013780.php | title=Glendale Goes Merger Route With Cal Fed | first=Peter | last=Sinton | work=San Francisco Chronicle | date=February 6, 1998}}
5. ^{{cite news | url=https://www.nytimes.com/1998/02/06/business/california-merger-to-form-no-3-s-l.html | title=California Merger to Form No. 3 S.& L.d | first=TIMOTHY L. | last=O'BRIEN | publisher=The New York Times | date=February 6, 1998}}
6. ^{{cite news | url=https://www.bizjournals.com/sanfrancisco/stories/2000/01/24/daily1.html | title=Cal Fed acquires auto finance unit | work=American City Business Journals | date=January 24, 2000}}
7. ^{{cite news | url=http://articles.latimes.com/2002/may/22/business/fi-bank22 | title=Citigroup to Buy Parent of Cal Fed | first=DEBORA | last=VRANA | work=Los Angeles Times | date=May 22, 2002}}
{{Citigroup}}

5 : Defunct banks of the United States|1945 establishments in California|Banks established in 1945|2002 disestablishments in California|Banks disestablished in 2002

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