COMPANY·HISTORIES
SIC 6035

Federal Savings Banks

How the companies in this industry began, and the forces that shaped them.

16companies1845–1991founding years16still active0no longer operating
§ 01

The industry over time

Companies foundedEconomyTechnologyEnvironmentHistory
FoundedNational City Corp.
1845
FoundedDime Savings Bank of New York, F.S.B.
1859
FoundedLong Island Bancorp, Inc.
1867
FoundedAnchor Bancorp, Inc.
1868
FoundedCommercial Federal Corporation
1887
FoundedGreat Lakes Bancorp
1890
FoundedHawaiian Electric Industries, Inc.
1891
FoundedStandard Federal Bank
1893
1903
TechnologyThe Wright brothers achieve powered flight.
FoundedHuntington Bancshares Inc.
1905
1914
EconomyWorld War I begins; global trade reorders.
FoundedWashington Federal, Inc.
1917
FoundedH. F. Ahmanson & Company
1928
1929
EconomyThe stock market crashes; the Great Depression spreads worldwide.
1939
EconomyWorld War II begins; wartime production surges.
1945
EconomyThe war ends; a long global expansion begins.
1947
TechnologyThe transistor is invented.
1958
TechnologyThe integrated circuit is demonstrated.
1962
EnvironmentSilent Spring launches the modern environmental movement.
FoundedFirst of America Bank Corporation
1971
EconomyThe dollar leaves the gold standard; currencies float.
FoundedMichigan National Corporation
1972
1973
EconomyThe OPEC oil embargo triggers a global shock.
1975
TechnologyThe personal-computer era begins.
1979
EconomyA second oil crisis drives inflation higher worldwide.
1981
TechnologyThe IBM PC launches and sets a standard.
FoundedFirst Nationwide Bank
1982
1984
TechnologyApple ships the Macintosh; the GUI era begins.
1987
EconomyBlack Monday: markets fall sharply around the world.
1989
HistoryThe Berlin Wall falls; global markets open up.
FoundedBank Austria AGFoundedCitFed Bancorp, Inc.
1991
TechnologyThe World Wide Web is released to the public.
1993
TechnologyThe Mosaic browser brings the web to everyone.
1995
TechnologyWindows 95 launches; the internet goes mainstream.
1997
EconomyThe Asian financial crisis rattles global markets.
EnvironmentThe Kyoto Protocol sets the first climate targets.
2000
EconomyThe dot-com bubble bursts.
2004
TechnologySocial media and Web 2.0 take hold.
2007
TechnologyThe iPhone launches the smartphone era.
2008
EconomyThe global financial crisis freezes credit worldwide.
2010
TechnologyCloud computing goes mainstream for business.
2015
EnvironmentThe Paris Agreement sets global climate targets.
2020
EconomyThe COVID-19 pandemic upends the global economy.
2022
EconomyInflation spikes; central banks raise rates sharply.
2023
TechnologyGenerative AI reaches mainstream business use.
§ 02

The companies

National City Corp. →
Active · founded 1845
With more than $32 billion in assets and over 600 branch offices in Ohio, Kentucky, and Indiana, National City Corp.
Dime Savings Bank of New York, F.S.B. →
Active · founded 1859
Dime Savings Bank of New York ("the Dime") is a full-service bank offering a wide variety of financial services, mostly…
Long Island Bancorp, Inc. →
Active · founded 1867
Long Island Bancorp, Inc.
Anchor Bancorp, Inc. →
Active · founded 1868
Anchor Bancorp, Inc., and its wholly owned subsidiary, Anchor Savings Bank F.S.B., are among the largest publicly owned…
Commercial Federal Corporation →
Active · founded 1887
Commercial Federal Corporation is the largest financial institution based in Nebraska and is that state's largest…
Great Lakes Bancorp →
Active · founded 1890
Great Lakes Bancorp is the second largest savings bank in Michigan, operating 46 branches statewide and in northern…
Hawaiian Electric Industries, Inc. →
Active · founded 1891
Hawaiian Electric Industries (HEI) is a diversified electric utility holding company formed in 1983.
Standard Federal Bank →
Active · founded 1893
Standard Federal Bank stands as the largest thrift institution in the Midwest and the seventh largest in the United…
Huntington Bancshares Inc. →
Active · founded 1905
Huntington Bancshares Inc.
Washington Federal, Inc. →
Active · founded 1917
One of the largest savings and loan institutions in Washington, Washington Federal, Inc., operates as the one-bank…
H. F. Ahmanson & Company →
Active · founded 1928
H.
First of America Bank Corporation →
Active · founded 1971
First of America Bank Corporation is one of the Midwest's largest bank holding companies and is ranked among the top 35…
Michigan National Corporation →
Active · founded 1972
Michigan National Corporation is a bank holding company for nationally and state-chartered commercial banks and…
First Nationwide Bank →
Active · founded 1982
With more than 150 branches in seven states and assets of about $15 billion, First Nationwide Bank was among the…
Bank Austria AG →
Active · founded 1991 · Austria
With over one-fifth of the nation's banking business, Bank Austria AG is Austria's largest and most profitable banking…
CitFed Bancorp, Inc. →
Active · founded 1991
CitFed Bancorp, Inc., is the holding company for Citizens Federal Bank, F.S.B., one of the oldest savings and loan…
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