What is an example of a savings bank?

A mutual savings bank (MSB) is a financial institution that's owned by the people who deposit money there unlike a traditional bank that's owned by shareholders....Mutual Savings Bank vs. Credit Union. Mutual Savings BankCredit UnionExample: Federal Savings BankExample: Navy Federal Credit Union2 more rows ?

Is JPMorgan Chase the same as Washington Mutual?

Washington Mutual Bank 20 In September 2008, JPMorgan acquired Washington Mutual's banking operations from the FDIC for $1.9 billion. The deal made JPMorgan the largest depository institution in the country.

US Legal Forms
Localized Forms
California
Los Angeles
Plan of Conversion from state stock savings bank to federal stock...

Los Angeles California Plan of Conversion from state stock savings bank to federal stock savings bank

Name: Los Angeles California Plan of Conversion from state stock savings bank to federal stock savings bank
Brand: US Legal Forms
Rating: 4.73 (355 reviews)

Category:

Corporations - Public - ReIncorporation

State:

Multi-State

County:

Los Angeles

Control #:

US-CC-8-218

Format:

Instant download

Description

This sample form, a detailed Plan of Conversion From State Stock Savings Bank to Federal Stock Savings Bank document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.

How to fill out Los Angeles California Plan Of Conversion From State Stock Savings Bank To Federal Stock Savings Bank?

Whether you plan to start your business, enter into a contract, apply for your ID renewal, or resolve family-related legal concerns, you must prepare specific paperwork corresponding to your local laws and regulations. Finding the right papers may take a lot of time and effort unless you use the US Legal Forms library.

The service provides users with more than 85,000 professionally drafted and verified legal documents for any personal or business case. All files are collected by state and area of use, so picking a copy like Los Angeles Plan of Conversion from state stock savings bank to federal stock savings bank is fast and simple.

The US Legal Forms library users only need to log in to their account and click the Download button next to the required template. If you are new to the service, it will take you a few more steps to obtain the Los Angeles Plan of Conversion from state stock savings bank to federal stock savings bank. Follow the instructions below:

Make certain the sample meets your personal needs and state law regulations.
Read the form description and check the Preview if available on the page.
Use the search tab providing your state above to find another template.
Click Buy Now to get the sample when you find the proper one.
Opt for the subscription plan that suits you most to continue.
Log in to your account and pay the service with a credit card or PayPal.
Download the Los Angeles Plan of Conversion from state stock savings bank to federal stock savings bank in the file format you require.
Print the copy or fill it out and sign it electronically via an online editor to save time.

Documents provided by our library are reusable. Having an active subscription, you are able to access all of your earlier purchased paperwork at any moment in the My Forms tab of your profile. Stop wasting time on a endless search for up-to-date official documentation. Sign up for the US Legal Forms platform and keep your paperwork in order with the most comprehensive online form library!

Form Rating

4.73

Satisfied(355)

Form popularity

FAQ

Mutual banks are owned by their borrowers and depositors. Ownership and profit sharing are what differentiate mutual banks from stock banks, which are owned and controlled by individual and institutional shareholders that profit from them.

Stock bank means a bank that has an ownership structure represented by stock.

Savings banks are companies that accept deposits, make mortgage and real estate loans and invest in high-grade securities.

A mutual savings bank (MSB) is a financial institution that's owned by the people who deposit money there unlike a traditional bank that's owned by shareholders....Mutual Savings Bank vs. Credit Union. Mutual Savings BankCredit UnionExample: Federal Savings BankExample: Navy Federal Credit Union2 more rows ?

Washington Mutual Bank 20 In September 2008, JPMorgan acquired Washington Mutual's banking operations from the FDIC for $1.9 billion. The deal made JPMorgan the largest depository institution in the country.

Savings bank, financial institution that gathers savings, paying interest or dividends to savers. It channels the savings of individuals who wish to consume less than their incomes to borrowers who wish to spend more.

A conversion merger is when a mutual institution simultaneously acquires a stock institution at the same time it completes a standard stock conversion. A mutual FSA may acquire another insured institution that is already in the stock form of ownership at the time of its stock conversion transaction.

Check conversion is a reformatting service offered by banking merchants. Check conversion allows banks to convert paper checks into electronic ones and then send them to the appropriate receiving bank. The electronic check is forwarded via the automated clearing house (ACH).

Washington Mutual, the 118-year-old banking giant, is now the biggest bank failure in history. On Thursday evening, WaMu became the 13th bank failure of the year, closed by the Office of Thrift Supervision and subsequently acquired by New York City-based JPMorgan Chase.

All WaMu branches were rebranded as Chase branches by the end of 2009. The holding company, WaMu, Inc., was left with $33 billion in assets, and $8 billion in debt, after being stripped of its banking subsidiary by the FDIC.

Interesting Questions

More info

What's Taxable and Why. Savings accounts are not generally thought of as investments.A Better Way of Banking Since 1924! TCF banking centers became Huntington branches and you began accessing your accounts at Huntington branches, at ATMs and through Huntington Online Banking. Checking and savings accounts, credit cards, mortgages, investments, small business, and commercial banking. Bank Account Name: University of California Los Angeles. 135yearold Eagle Savings Bank's board has approved a plan to convert the bank from mutual to stock ownership. Insider has been tracking the next wave of hot new startups that are blending finance and tech.

Los Angeles California Plan of Conversion from state stock savings bank to federal stock savings bank

Description

Related forms

How to fill out Los Angeles California Plan Of Conversion From State Stock Savings Bank To Federal Stock Savings Bank?

Show more info

Form Rating

Form popularity

FAQ

What is the difference between a mutual bank and a stock bank?

What is the meaning of stock bank?

What is a stock savings bank?

What is an example of a savings bank?

Is JPMorgan Chase the same as Washington Mutual?

What is the purpose of a savings bank?

What is mutual to stock conversion?

What are bank conversions?

What happened to Washington Mutual Bank?

What bank did Washington Mutual change to?

Interesting Questions

What is the Los Angeles Plan of Conversion from state stock savings bank to federal stock savings bank503604?

Why does the bank want to convert from state to federal regulation?

What are the benefits of converting to a federal stock savings bank503604?

Will the bank's customers experience any changes due to this conversion?

How does this conversion affect the bank's employees?

Is this conversion subject to any regulatory approvals?

More info

Trusted and secure by over 3 million people of the world’s leading companies