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Downey Savings & Loan

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

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Notice of Termination

Effective Date: June 1, 2022
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Notice of Intent to Terminate

Publication Date: September 3, 2021
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Dividend Information

Report on dividends paid
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Press Release

Official press release

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

Last Updated: April 22, 2024