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Navient Corporation is an American student loan servicer based in Wilmington, Delaware.Managing nearly $300 billion in student loans for more than 12 million debtors, the company was formed in 2014 by the split of Sallie Mae into two distinct entities: Sallie Mae Bank and Navient.
In 1977, Huntington Bancshares acquired The Bellefontaine National Bank, The Central National Bank of London, and Columbus-based The Franklin National Bank. In 1979, a loan production office opened in Dayton, Ohio. [14] In 1975, the company changed its logo to its current "honeycomb" logo.
[2] [3] However, the student loan division, Educaid, and the SBA loan division were retained by First Union. [4] In 2006, Wachovia (formerly First Union) sold The Money Store name to MLD Mortgage, Inc. There's no direct connection to the old West Sacramento-based company, but a veteran executive of the old company operates it.
In 1993, the bank acquired Pioneer Federal Savings Bank, which continued to operate as a separate institution. First Hawaiian Center in Honolulu. In 1996, First Hawaiian acquired 31 branches in Oregon, Washington, and Idaho from U.S. Bancorp. It then created a new subsidiary - Pacific One Bank - to hold the branches, with a charter in Oregon.
[23] [24] Citizens Savings & Loan of Santa Barbara was founded in 1887, which Great Western later used as its foundation date. [2] [3] In 1969, California changed their savings and loan association branching law to permit statewide branching. [25] Prior to this change, branch offices were restricted to be within a 100-mile radius from their ...
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