savings and loan association
noun
: a cooperative association organized to hold savings of members in the form of dividend-bearing shares and to invest chiefly in home mortgage loans
called also savings and loan
Examples of savings and loan association in a Sentence
Recent Examples on the Web
In 1982, James McDougal purchased a savings and loan association in Arkansas that later collapsed from bad loans, the Washington Post reported.
—
Sudiksha Kochi, USA TODAY, 21 Apr. 2023
But in the 1980s, hundreds of the small banks known as savings and loan associations failed.
—Rodney Ramcharan, Fortune, 30 Mar. 2023
The Whitewater controversy stemmed from an ultimately unsuccessful land-development partnership that the Clintons entered into in 1979, while Mr. Clinton was governor of Arkansas, with the owner of a savings and loan association, James B. McDougal, and his wife, Susan McDougal.
—New York Times, 14 Mar. 2022
Silvergate was founded in 1988 as a savings and loan association but transitioned into serving the digital assets industry as crypto rose in popularity.
—Byleo Schwartz, Fortune Crypto, 2 Mar. 2023
Flagstar Bank was started in 1987 in Bloomfield Hills by Tom Hammond as a small savings and loan association, or thrift, under the original name First Security Savings Bank.
—Jc Reindl, Detroit Free Press, 1 Dec. 2022
Deregulation of the savings and loan associations brought widespread failures and bailouts in less than a decade.
—Ganesh Sitaraman, The New Republic, 23 Dec. 2019
Dorothy was the first woman to be elected to serve as a member of the board of directors of a savings and loan association in Broward County.
—sun-sentinel.com, 2 Oct. 2019
According to The Washington Post, James McDougal engaged in fraudulent activity with a small savings and loan association, as well as a small business investment firm, which cost taxpayers $73 million.
—Danielle Corcione, Teen Vogue, 19 Jan. 2018
These examples are automatically compiled from online sources to
illustrate current usage. Opinions expressed in the examples do not represent those of
Merriam-Webster or its editors.
Send us feedback
about these examples.
Sudiksha Kochi, USA TODAY, 21 Apr. 2023
But in the 1980s, hundreds of the small banks known as savings and loan associations failed.
—Rodney Ramcharan, Fortune, 30 Mar. 2023
The Whitewater controversy stemmed from an ultimately unsuccessful land-development partnership that the Clintons entered into in 1979, while Mr. Clinton was governor of Arkansas, with the owner of a savings and loan association, James B. McDougal, and his wife, Susan McDougal.
—New York Times, 14 Mar. 2022
Silvergate was founded in 1988 as a savings and loan association but transitioned into serving the digital assets industry as crypto rose in popularity.
—Byleo Schwartz, Fortune Crypto, 2 Mar. 2023
Flagstar Bank was started in 1987 in Bloomfield Hills by Tom Hammond as a small savings and loan association, or thrift, under the original name First Security Savings Bank.
—Jc Reindl, Detroit Free Press, 1 Dec. 2022
Deregulation of the savings and loan associations brought widespread failures and bailouts in less than a decade.
—Ganesh Sitaraman, The New Republic, 23 Dec. 2019
Dorothy was the first woman to be elected to serve as a member of the board of directors of a savings and loan association in Broward County.
—sun-sentinel.com, 2 Oct. 2019
According to The Washington Post, James McDougal engaged in fraudulent activity with a small savings and loan association, as well as a small business investment firm, which cost taxpayers $73 million.
—Danielle Corcione, Teen Vogue, 19 Jan. 2018
Dictionary Entries Near savings and loan association
Cite this Entry
“Savings and loan association.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/savings%20and%20loan%20association. Accessed 14 Nov. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share