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Business Briefing / BANKING

Downey deposits rise in August

September 19, 2008|From Times Wire Services

Savings and loan Downey Financial Corp., which has reported four consecutive quarterly losses, said deposits at its branches rose in August and that assets no longer collecting interest declined slightly.

Deposits at the Newport Beach lender's 169 Downey Savings & Loan branches rose to $9.85 billion at the end of August from $9.37 billion the previous month, Downey said in a regulatory filing.

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