Company Information

Get to know Home Savings of America

Founded in 1889, Home Savings of America grew to become the largest savings and loan (S&L) association in the United States. It was known for its focus on consumer savings accounts and home mortgage lending, and for its distinctive white marble branch buildings, many of which were adorned with large, colorful mosaic artworks depicting local history. The company was acquired by Washington Mutual (WaMu) in 1998 for approximately $6.4 billion. Following the acquisition, the Home Savings of America brand was phased out. WaMu itself later failed during the 2008 financial crisis and its banking operations were acquired by JPMorgan Chase.

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Home Savings of America

United States

Founded in

1934 (92 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.