H.F. Ahmanson & Co.

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H.F. Ahmanson & Co. was a California Savings and Loan named after millionaire Howard F. Ahmanson, Sr.

In 1998, Washington Mutual purchased HF Ahmanson & Co. and its Home Savings unit for $10 billion dollars. The takeover of HF Ahmanson, as well as that of American Savings and Great Western Financial, resulted in Washington Mutual becoming California’s second largest bank. At the time, HF Ahmanson had $55 billion dollars in assets[link].

The takeover also resulted in Seattle-based Washington Mutual taking control of a part of Ahmanson Ranch, a hotly-disputed undeveloped area northwest of Los Angeles. After initial considerations of developing a new city on the large space, WaMu eventually sold off their piece of the ranch, now known as the Upper Las Virgenes Canyon Open Space Preserve.

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