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Golden West K-9 history
Golden West K-9 company history timeline
1959: World Savings of California becomes a subsidiary of Trans-World Financial Corporation.
1975: World Savings merges with Golden West; the combined businesses use the World Savings name.
Earnings per share had grown an average of 30 percent a year since 1980.
By 1981, Marion and Herbert Sandler's S&L topped 130 branches with $5.2 billion in assets.
The Sandlers could not totally sidestep the industry woes; during 1982, company stock traded as low as $3 per share.
World Savings grew through expansion in 1982, acquiring bank holding company First S&L Shares.
In addition, a second subsidiary, Atlas, was established in 1989 to provide investment products and services.
1989: World Savings, surviving a rash of S&L failures, ends the decade with assets of nearly $20 billion.
World Savings moved on its expansion plans in 1990.
1990-91:The company expands through acquisition of financial institutions in New Jersey, Florida, and Arizona.
As 1992 began, Golden West Financial Corporation held assets of $25 billion.
Although the 300 largest United States thrifts gained ground in 1994, the industry as a whole declined.
Consolidation continued into 1998, and the purchase of Ahmanson by Seattle-based Washington Mutual Inc. made Golden West Financial the largest independent thrift in California.
The company's mortgage lending unit produced $20.8 billion in loans in 2001, the vast majority from ARMs.
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