Hancock Savings Bank FSB - Ownership and Business Overview

Financial ServicesCompany

Hancock Savings Bank FSB Ownership

Who owns Hancock Savings Bank FSB?

.

Hancock Savings Bank FSB Business Overview

Where is Hancock Savings Bank FSB headquartered?

Hancock Savings Bank FSB is headquartered in Los Angeles, California.

What sector is Hancock Savings Bank FSB in?

Hancock Savings Bank FSB is a financial services company.

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Hancock Savings Bank, FSB

Los Angeles, California
United States,

Hancock Park Acquisition, L.P. (Hancock) was formed in 1996 concurrently with Western and capitalized with approximately $6.3 million for the primary purpose of purchasing a controlling interest in Hancock Savings Bank, FSB. Hancock acquired an approximate 46% ownership interest in the bank following receipt of approval from the Office of Thrift Supervision to become a savings and loan holding company for the bank. After a period of strategic improvements promoted by Hovde board representatives and active involvement in the management of the bank, the bank was sold to Bank Plus in a stock exchange; our position in Bank Plus was subsequently acquired in 2000 by Fidelity Federal Bank. Upon liquidation of our investment in 2002, a gross IRR of 7.1% on an investment of $7.1 million was realized.


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