In the United Kingdom, the first savings bank was founded in 1810 by the Reverend Henry Duncan, Doctor of Divinity, the minister of Ruthwell Church in the Dumfriesshire, Scotland.
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The savings and loan associations of this era were famously portrayed in the 1946 film It's a Wonderful Life.
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Ameriquest was founded by Roland Arnall in 1979, in Orange County, California, as a savings and loan association, or thrift, called Long Beach Savings & Loan.
"National banks" should also be distinguished from federal savings associations (which include federal savings and loans, and federal savings banks, FSB), which are financial institutions chartered by the Office of Thrift Supervision, another agency in the U.S. Treasury Department which was dismembered by the 112th Congress and merged with the Office of the Comptroller of the Currency on July 21, 2011.
Thereafter, Miete worked in the family's farming/milling business until 1950, and then as Managing Director of the Savings and Loan Association in Lotte.
From 1962 to 1974 he was Vice-President of Washington Federal Savings and Loan Association, housing consultant to USAID, IDB (Interamerican Development Bank) and the United Nations.
In 1969, the charter was purchased and the Chevy Chase Savings And Loan Association was established, taking the name from Chevy Chase, Maryland.
Claude Hudson was a prominent businessman and advocate for civil rights, best known for helping to found the Broadway Federal Savings and Loan Association (now Broadway Federal Bank) in Los Angeles.
Westernbank was founded on March 1, 1958 under the name Western Federal Savings and Loan Association of Puerto Rico in the western town of Mayagüez by Miguel A. García Méndez, a local statesman, businessman and experienced banker.