October 1, 1988
Tracy Savings & Loan Assn., of Tracy, Calif., acquired Concord, Calif.-based Adobe Savings Bank with assistance from the Federal Savings and Loan Insurance Corp. The Federal Home Loan Bank Board approved the acquisition negotiated by the Federal Home Loan Bank of San Francisco under the bank board's assigned case processing program. It was the 125th insolvent thrift resolved this year. Adobe's two offices will reopen Monday, as branches of Tracy Savings.