Abstract The article presents information about Bedlington Federal Savings, a savings and loan institution based in Orlando, Florida. The bank was a federally chartered savings and loan headquartered in Bedlington, Florida, a suburb of Orlando. It operated 12 branches in central and northern Florida. At the end of 1988, total assets were 1. 4 billion. Up to 1984, The bank had followed a traditional savings and loan strategy. Deposits came primarily from small savers. Assets were mostly long-term fixed-rate single-family residential mortgage loans made to customers in the greater Orlando area. Bedlington Federal Savings's managers prided themselves on knowing their customers well and providing them both access to financing and good service. In September 1983, the bank converted from a mutual association to a publicly-held stock corporation. Management believed the corporate form of organization would provide the additional funding necessary to participate fully in the rapid growth taking place in the Orlando area.
Kenneth A. Merchant (Fri,) studied this question.