Savings and loans bank

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What is a Savings and Loan? - First Federal
Savings and loan (S&L) associations (also called thrifts) are lending and banking institutions specialized in offering residential mortgage loans and accepting. A federal savings and loan is an institution of thrift that focuses on residential mortgages. Savings institutions (also called savings & loans or savings banks) specialize in real estate financing. savings bank or a federal savings bank, respectively.