North Hollywood Federal Savings and Loan, 1961, Valley Times Collection, L.A. Public Library.
Originally designed to serve as a combination bank and office building, the former North Hollywood Federal Savings and Loan building at Riverside Drive and Lankershim Boulevard in Toluca Lake will be integrated into a proposed apartment/commercial development, thus saving the building through adaptive reuse. The tallest structure in the San Fernando Valley when it opened in 1961, the building has continually operated as a financial institution since its construction.
As the San Fernando Valley, and North Hollywood in particular, saw their populations expand from the 1920s into the 1930s, new financial institutions were established to serve the needs of these incoming residents. The North Hollywood Federal Savings and Loan, established in 1923 as the Lankershim Building and Loan Association, functioned as one of the first savings and loan facilities in the area. Originally located at 5213 Lankershim Blvd., the company expanded its building and updated its name over the years, eventually gaining the new address 5226 Lankershim. By the late 1950s, the company was cramped and in need of larger space.
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