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BRIEFLY

Great American and L.A. Federal agreed to merge.

November 18, 1985

San Diego-based Great American First Savings Bank and Los Angeles Federal Savings Bank signed a definitive merger agreement, formalizing an earlier announcement. When the merger is complete--following regulatory, and possibly, shareholder and member approval--Los Angeles Federal will operate as a division of Great American. Its members will be offered shares of Great American common stock.

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