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S&L regulators have hired Salomon Bros. for FCA.

April 09, 1987

Financial Corp. of America confirmed that Salomon Bros., a New York investment house, has been retained by the Federal Home Loan Bank Board to find ways to inject new capital into Irvine-based FCA, the nation's largest thrift holding company. FCA also said it was planning to hire its own "financial adviser" to evaluate possible offers. FCA, parent company of American Savings & Loan, announced recently that it has held preliminary sale discussions with several unidentified parties.

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