Bank Branches › Closed and merged banks › Oregon › Freedom Federal Savings and Loan Association
What happened to Freedom Federal Savings and Loan Association?
Freedom Federal Savings and Loan Association in Corvallis, OR was closed in a federal resolution, and its business passed to Washington Federal Savings and Loan Association of Seattle, WA on Sep 16, 1988. That bank is now called WaFd Bank (Seattle, WA).
The chain, step by step
From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.
- 1985Freedom Federal Savings and Loan Association opens in Corvallis, OR
- Sep 16, 1988RESOLVEDFreedom Federal Savings and Loan Association was closed in a federal resolution, and its business passed to Washington Federal Savings and Loan Association of Seattle, WA.FDIC certificate 32419 ends; its business continues under certificate 28088.
- TodayOPEN
WaFd BankMain office Seattle, WA · FDIC certificate 28088 · 212 offices in 9 states on June 30, 2026Every WaFd Bank office → Website on file with the FDIC: www.wafdbank.com
If you still have something from Freedom Federal Savings and Loan Association
A lien that was never released
Freedom Federal Savings and Loan Association was closed in a federal resolution on Sep 16, 1988. The FDIC's lien-release page covers failed banks and savings and loans placed in FDIC receivership; it does not say how releases work for resolutions this old.
Call FDIC Resolution Inquiries at 888-206-4662 (8am–4pm Central, weekdays) and ask whether the FDIC holds this institution's receivership. Ask WaFd Bank as well: the chain above leads there. The FDIC's own instructions are at FDIC, Obtaining a Lien Release.
An old account, passbook or CD
When a healthy bank assumes a failed bank's deposits, insured depositors become its customers right away (here, Washington Federal Savings and Loan Association). Start with WaFd Bank, and ask them to search under the name Freedom Federal Savings and Loan Association.
This failure is older than the current federal rule on unclaimed deposits (mid-1993), so different rules apply. Search FDIC unclaimed funds search, search the unclaimed-property program of the state of the owner's last known address on the bank's records, and ask FDIC Resolution Inquiries at 888-206-4662 what applies to this institution.
A safe deposit box
The FDIC says that when a healthy bank assumes a failed bank's deposits, the branches usually reopen the next business day with box access. Today, ask WaFd Bank. A box abandoned for years may have been turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Banks folded into Freedom Federal Savings and Loan Association
2 banks merged directly into this charter; counting the banks those had absorbed earlier, 5 charters end up inside it.
| Bank | Ended |
|---|---|
| Citizens Savings and Loan Association, A Federal Savings and Loan AssociSalem, OR | Jan 29, 1988 |
| State Federal Savings and Loan AssociationCorvallis, OR | Jan 1, 1986 |
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 32419 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.