Washington Savings Bank

Washington Savings Bank was established in 1903 under the name Kazimierz Wielki Savings and Loan Association. In 1984, it changed its name to Washington Savings Association following the acquisition of Heritage Savings and Loan Association, also located in Philadelphia, Pennsylvania. The institution underwent further rebranding in 2009, adopting the name Washington Savings Bank, and shifted its chartering agency to the Office of Thrift Supervision. Regulatory changes in 2011 transitioned its oversight from the Office of the Comptroller of the Currency to the Federal Deposit Insurance Corporation (FDIC), reflecting an evolution in its regulatory framework. By the end of 2012, Washington Savings Bank changed its classification to an FDIC Supervised State Savings Bank. In 2005, the main office relocated to 2900 Comly Road in Philadelphia. Ultimately, on May 1, 2020, Washington Savings Bank merged with William Penn Bank, based in Levittown, Pennsylvania, concluding its independent operations.

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

1903-01-01Institution established. Original name: Kazimierz Wielki Savings and Loan Association.

1984-04-30Changed Institution Name to Washington Savings Association.

1984-04-30Acquired Heritage Savings and Loan Association in Philadelphia, PA.

2005-04-11Main Office moved to 2900 Comly Road, Philadelphia, PA 19154.

2009-04-01Changed Chartering Agency to Ots.

2009-04-01Changed Institution Name to Washington Savings Bank.

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

2012-12-31Changed Chartering Agency to State.

2012-12-31Changed Bank Class to FDIC Supervised State Savings Bank.

2012-12-31Changed Primary Federal Regulatory Agency to FDIC.

2020-05-01Merged and became part of William Penn Bank in Levittown, PA.