Downey Savings and Loan - - - - GONE!

When we first bought a home in Manhattan Beach in 1976, Downey S & L was our lender. Back then we used to send our monthly check to . . . . . . Downey S & L. They survived through the S&L crisis of the 80's but not the 2008 one. US Bancorp has taken over Downey S & L. It was the 23rd largest in the US with deposits of $9.7 billion. This brings to "22" the number of bank failures this year.