The relocation of the bank's home office was an an 'internal administrative change' designed to 'simplify' its operations, a USAA spokesman said.
Federal Savings Bank , which had been based in San Antonio for about four decades, is now calling Phoenix its home. The move occurred quietly in April, about two months before
says customers won’t notice any change. But the headquarters transplant removed a banking heavy hitter from San Antonio — and Texas. spokesman Roger Wildermuth downplayed the impact of the merger and relocation, calling it a “a ‘paper move’ of FSB’s main office to simplify our operations.” “This is an administrative change and will not impact the banking products or services that we offer to members,” he said. “
Savings Bank had about $2.6 billion in assets as of March 31, its last quarter reporting financial results. All banking services are now provided through eliminated 220 jobs in April, marking at least the seventh round of cuts since March 2022. had a large number of members, the available technology and the workforce the company could recruit from. The process was shrouded in secrecy, with the effort known only as “Project Big Dog” to Arizona and Phoenix officials. In 1999,
says on its website that its Phoenix campus is on 575 acres and includes a cafeteria, fitness center, child development center, coffee shops and a company store, similar to amenities offered at its sprawling San Antonio headquarters. The company also has offices in Colorado Springs, Dallas, Tampa, Chesapeake, Annapolis and New York.
CEO Wayne Peacock announces his retirement. He’ll leave the company in mid-2025. The departures came amid a major leadership shakeup at
Federal Savings Bank Federal Savings Bank Charles Schwab Bank Bank Of America Jpmorgan Chase Bank Office Of The Comptroller Of The Currency Texas Department Of Banking American Banker Arizona State Land Department MLA Financial Crimes Enforcement Network Wayne Peacock Roger Wildermuth Kenneth Thomas Paul Vincent Stuart Parker Project Big Dog Phoenix San Antonio U.S. Texas Las Vegas Mcdermott Freeway Interstate 10 Interstate 17 Arizona Annapolis Colorado Springs Tampa Chesapeake New York Dallas Miami Reptrak Military Lending Act Servicemembers Civil Relief Act
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