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Western Savings and Loan : ウィキペディア英語版
Western Savings and Loan

Western Savings and Loan was an American financial institution founded by the Driggs family.
The Driggs family came to Arizona in 1921 after trading everything they owned—a bank, drugstore, hotel, and wheat farm in Driggs, Idaho—for a section of cotton land in Maricopa County. Their timing was unfortunate as cotton prices plummeted just as their crop came in and they were forced to take jobs selling building and loan certificates. In 1929, the Driggs family pooled $5,000 to found the Western Building and Loan Association, which became Western Savings.
==Success and eventual failure==
Western Savings and Loans eventually became a $6 billion savings and loan institution. Western shared a position on the list of the nation's 100 largest savings and loans with other Arizona-based institutions — MeraBank was number 27 on the list, Western came in at 37th, Great American was 67th, and Pima was 82nd. But in 1989, Western Savings moved into second place — not for its size, but for the amount of its losses, with a $1.06 billion net deficit, following a substantial but smaller loss the previous year. Western Savings was taken over by the Resolution Trust Corporation, the federal depositor for the savings and loan crisis bailout. Western Savings' branches and good assets were acquired by Bank of America in 1990.〔FURLONG, TOM. “BankAmerica Buys Arizona’s 2nd-Largest S&L : Thrifts: It Outbids Wells Fargo and Security Pacific in a Federal Auction. Other Banks Have Suffered Huge Losses in the State in Recent Years.” Los Angeles Times, June 2, 1990. http://articles.latimes.com/1990-06-02/business/fi-210_1_phoenix-based-real-estate.〕

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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