In July 1994, Home Savings announced the pending acquisition of two branch offices and the deposits of the remaining four branch office of the Orange-based Long Beach Bank for $12.5 million in cash. The acquisition was completed in October 1994. After the sale, Long Beach Bank converted from a savings bank to a mortgage banking company that specialized in subprime mortgages and changed the name of the company to Long Beach Mortgage Company. Long Beach Mortgage was later acquired by Washington Mutual in 1999. During the same month, Home Savings announced the pending acquisition of the deposits of nine branch offices of the troubled Glendale-based Fidelity Federal Bank for an undisclosed amount and six branch offices of the Hawthorne Savings & Loan for an undisclosed amount in an unrelated sale. The Fidelity transaction was completed in August. Home Savings also acquired five branches of the Huntington Beach-based Guardian Federal Savings Association from the Resolution Trust Corporation for $1.8 million.