Failed Bank Information for Downey Savings and Loan Association, F.A., Newport Beach, CA
On November 21, 2008, Downey Savings and Loan Association, F.A. was closed by the Office of Thrift Supervision (OTS). The FDIC was named Receiver. U.S. Bank, National Association, Cincinnati, OH acquired all deposit accounts.
The FDIC as Receiver for Downey Savings and Loan Association, F.A., Newport Beach, CA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on September 3, 2021 and has made all dividend distributions required by law.
Effective June 1, 2022, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status
TERMINATED
Effective Date: June 1, 2022
Publication Date: September 3, 2021
Beware of scams!
Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to
obtain information from you.
ACQUIRING INSTITUTION: U.S. BANK, NATIONAL ASSOCIATION
About U.S. Bank, National Association
All deposit accounts and all loans, were transferred to U.S. Bank, National Association, Cincinnati, OH ("assuming institution"). Former Downey Savings and Loan Association, F.A. locations reopened as branches of U.S. Bank, National Association.
Your transferred deposits were separately insured from any accounts you may have already had at U.S. Bank, National Association for at least six months after the failure of Downey Savings and Loan Association, F.A..
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with U.S. Bank, National Association as long as the deposits are not pledged as collateral for loans.
Contacting U.S. Bank, National Association
You can contact U.S. Bank, National Association:
U.S. Bank, National Association
425 Walnut Street
Cincinnati, OH 45202
U.S. Bank, National Association ( www.usbank.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF (
239 KB)
Agreement between FDIC and acquiring institution