Simplicity Bank

Simplicity Bank was established on November 11, 1953, originally under the name Kaiser Permanente Federal Credit Union. Initially, the institution was not insured by the Federal Deposit Insurance Corporation (FDIC). In 1999, it underwent a series of changes, including a transition to a Mutual Savings & Loan organization and a change in its chartering agency to the Office of Thrift Supervision. On November 1, 2001, the main office was relocated to 1359 North Grand Avenue in Covina, California. The institution's name changed to Kaiser Federal Bank on May 28, 2002, and it later switched its organization type to Stock Savings & Loan on July 1, 2003. On July 21, 2011, Simplicity Bank transitioned its primary federal regulatory agency to the Office of the Comptroller of the Currency. The name was officially changed to Simplicity Bank on November 13, 2012. The bank ultimately merged with HomeStreet Bank in Seattle, Washington, on March 1, 2015, thus concluding its independent operations.

Below is a list of some important events in banks history, including mergers and acquisitions.

1953-11-11Institution established but was not FDIC insured. Original name: Kaiser Permanente Federal Credit Union.

1999-11-01Changed Chartering Agency to Ots.

1999-11-01Changed Organization Type to Mutual Savings & Loan.

2001-11-01Main Office moved to 1359 N. Grand Avenue, Covina, CA 91724.

2002-05-28Changed Institution Name to Kaiser Federal Bank.

2003-07-01Changed Organization Type to Stock Savings & Loan.

2011-07-21Changed Primary Federal Regulatory Agency to The Office of the Comptroller of the Currency.

2012-11-13Changed Institution Name to Simplicity Bank.

2015-03-01Merged and became part of HomeStreet Bank in Seattle, WA.