Seeking to return to an organizational structure it abandoned more than two years ago, California Federal Bank said it plans to form a holding company.

In a registration statement filed with the Securities and Exchange Commission last week, the Los Angeles-based thrift said it would become wholly owned by Cal Fed Bancorp, with each share of California Federal stock to be exchanged for one share of the new company.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.