Unified Savings Bank was declared insolvent.

The Federal Home Loan Bank Board put the 3-year-old Northridge thrift into receivership. The institution will reopen Tuesday, under FHLBB supervision, as Unified Savings. Federal officials said that depositors won’t be affected by the closing and that no deposit insurance funds will be needed. Privately held Unified had $105.6 million in assets and a negative net worth of $1 million as of June 30. It lost $2.7 million in the first six months of the year.