California Federal Bank
, often abbreviated to "Cal Fed", was a savings and loan
bank in California
with the corporate headquarters being located at 5700 Wilshire Boulevard, in Los Angeles
. It existed from 1926 until 2002, when its parent company, Golden State Bancorp, was acquired by Citigroup
, resulting in the bank being merged into Citibank
. Cal Fed first ceased to be an independent banking company after its acquisition in 1997 by First Nationwide Bank of San Francisco, California. First Nationwide Bank changed the name of the new merged banking entity to CalFed Bank due to the appeal of the CalFed brand name. A few years later the bank was bought out by Citigroup.
Prior to the mergers, California Federal Bank was a banking enterprise like no other and under the leadership of Bob Dockson, William Callender and Jerry St. Dennis the bank prospered even in a down economy. They created an environment that attracted top talent in all business areas resulting in the bank being a sought after place of employment in California, Nevada and Florida.
The employees at the corporate offices and at the branch level were a virtual "who's who" of the financial industry. The Human Resources Team and Training Team were legendary in their use of innovative blended learning techniques before the term "blended learning" even existed. Producing their own video training productions in house enabled the bank to communicate the same consistent HR and training messages... Read More