Franklin Savings applies for federal savings bank charter. (Franklin Savings and Loan Association)

PR Newswire | June 17, 1988 | Copyright

FRANKLIN SAVINGS APPLIES FOR FEDERAL SAVINGS BANK CHARTER

SOUTHFIELD, Mich., June 17 /PRNewswire/ -- Franklin Savings and Loan Association (NASDAQ: FSLA) announced today that applications have been filed with the Federal Home Loan Bank of Indianapolis and the Michigan Financial Institutions Bureau to convert from a state- chartered stock savings and loan association to a federally chartered stock savings bank.

"We feel strongly that this change is more reflective of Franklin's progressive nature," said President and CEO Read P. Dunn. "As a federal ...

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