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Western Savings and Loan
| Company type | Private |
|---|---|
| Industry | Savings and loan association |
| Founded | 1929 in Phoenix, Arizona |
| Defunct | June 1, 1990 |
| Fate | Insolvency |
| Successor | Bank of America Arizona (and later Bank of America) |
| Headquarters | Phoenix, Arizona, United States |
Area served | Arizona, Utah |
Key people | Junius Driggs, CEO Douglas Driggs |
| Revenue | $6 billion USD |
Western Savings and Loan was an American financial institution founded by the Driggs family.
The Driggs family came to Arizona in 1921 after trading everything they owned—a bank, drugstore, hotel, and wheat farm in Driggs, Idaho—for a section of cotton land in Maricopa County. Their timing was unfortunate as cotton prices plummeted just as their crop came in and they were forced to take jobs selling building and loan certificates. In 1929, the Driggs family pooled $5,000 to found the Western Building and Loan Association, which became Western Savings.
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