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SAN DIEGO INDUSTRY NOTES

November 19, 1985

Home Federal Savings & Loan has completed its sale of a major portion of its credit card portfolio to Beneficial National Bank USA, a subsidiary of Beneficial Corp. The portfolio has about 180,000 MasterCard and Visa accounts and about $268 million in outstanding credit card loans.

The remainder of Home Federal's credit card portfolio--totaling about $60 million in outstanding loans--will be sold to Purdue National Bank of Lafayette, Ind.

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