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BRIEFLY

October 01, 1987

The likelihood of a breakup of Financial Corp. of America increased as a federal regulator termed "encouraging" a restructuring proposal for the Irvine-based thrift-holding concern. Roger Martin, a member of the Federal Home Loan Bank Board, made the comments after a briefing on the restructuring plan Tuesday night by FCA Chairman William J. Popejoy. Martin said investment advisers had indicated that more than 80 firm could be interested in buying parts of FCA, the parent of American Savings & Loan Assn., but added that no definitive offers were on the table. A meeting that had been scheduled for today with the FHLBB on an offer for FCA from San Francisco-based First Nationwide Bank, a unit of Ford Motor Co., has been postponed indefinitely while regulators study the restructuring plan.

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