How to use thrift institution in a sentence? Find typical usage patterns (collocations)/phrases/context for "thrift institution" and check conjugation/comparative form for "thrift institution". Mastering all the usages of "thrift institution" from sentence examples published by news publications.
He is former Chairman of the board and Chief Executive Officer of Golden State Bancorp, Inc., headquartered in San Francisco. It was a holding company for the nation's second largest thrift institution and California's fourth largest bank. In 2002, he sold it to Citigroup for $6 billion.
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It purchased First Federal Savings and Loan Association of Lenawee County, Adrian (Michigan) on August 8, 1992. On April 25, 1993, Standard Federal celebrated its centennial. The bank stood as the largest thrift institution in the Midwest and the seventh largest in the United States, with assets of approximately $10 billion. In December of the same year, Standard made its largest single acquisition in history — Heritage Federal Savings Bank in Taylor (Michigan).
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The Trustees System Service was an American loan and thrift institution founded in Birmingham, Alabama in 1914. It was capitalized by wage earners in the American Midwestern cities in which it operated, and made unsecured loans out of this capital based on borrowers' budgets, income, and reputation for paying their debts. It published credit reports, and wrote insurance policies covering property and life. It established a new headquarters in Chicago, Illinois, where it built the Trustees System Service Building in 1930.
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In 1979, Westport purchased the American Furniture Mart in Chicago for $6.5 million with plans to convert it into apartments.Chicago Tribune: "Developer Charges Bank Sabotaged 666 Project" by David Ibata March 04, 1985 In 1983, Paul purchased the near bankrupt Dade Savings and Loan Association through the transfer of 92% of his interest in Westport, renaming it CenTrust Bank. By 1988, CenTrust was the largest thrift institution in the southeastern United States with $8.2 billion in assets. He built the $90 million, I.M. Pei-designed CenTrust Tower.
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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;" or "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.
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