American Savings and Loan Association

American Savings and Loan Association was a financial institution specializing in home mortgages and savings accounts, primarily during the mid-20th century. It focused on helping individuals buy homes by offering loans and collecting savings deposits. As a thrift or savings and loan institution, its role was essential in supporting residential real estate finance, often operating under different regulations from commercial banks. These institutions played a vital part in community development and personal finance, but many faced challenges during economic downturns, leading to mergers, conversions, or closures over time.