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Empire Of America Federal Savings Bank

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BUSINESS
August 8, 1990 | JOHN MEDEARIS, TIMES STAFF WRITER
California Federal Bank, moving to further expand its Southern California customer base, said Tuesday that it will take over certain branches and deposits from Empire Federal Savings of America. The Los Angeles-based thrift said it will acquire about $265 million in deposits from Empire, taking over three Southern California branches and assuming deposits from 10 others. Cal Fed will not acquire any loans from Empire in the deal, spokesman James F. Hurley said.
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BUSINESS
November 5, 1989 | JAMES F. PELTZ, TIMES STAFF WRITER
Empire of America Federal Savings Bank, the nation's 12th largest savings institution by assets, grew quickly in the 1980s by gobbling up 13 failing S&Ls with the support of federal regulators. Empire, a Buffalo, N.Y.-based concern that was seeking to expand across the country, bought S&Ls in Texas, Florida, New York, Michigan and California. The California acquisitions were to serve as a springboard for a major push into the state by Empire, which set up local headquarters in Woodland Hills.
BUSINESS
February 28, 1989 | From Associated Press
Federal regulators would contribute $905 million to Empire of America's recapitalization under a proposal made by the troubled thrift Monday. The application to the Federal Savings and Loan Insurance Corp. is a first, but industry observers said others are likely to follow. "We've been predicting this would happen for some time," said Douglas Faucette, an attorney for a coalition of banking interests. "Unless executives are totally asleep at the helm, they'll all be doing this," he added.
BUSINESS
August 8, 1990 | JOHN MEDEARIS, TIMES STAFF WRITER
California Federal Bank, moving to further expand its Southern California customer base, said Tuesday that it will take over certain branches and deposits from Empire Federal Savings of America. The Los Angeles-based thrift said it will acquire about $265 million in deposits from Empire, taking over three Southern California branches and assuming deposits from 10 others. Cal Fed will not acquire any loans from Empire in the deal, spokesman James F. Hurley said.
BUSINESS
April 2, 1987
Robert Latta, executive director of Monte Vista Grove Home in Pasadena, has been elected a director of Empire of America-California Federal Savings Bank, a subsidiary of Empire of America Federal Savings Bank, Buffalo, N.Y. Also elected directors were Bernard L. Martin, professor of business administration and former dean of the McLaren College of Business Administration, University of San Francisco; Don M.
BUSINESS
October 28, 1986
Peter A. Carr was appointed to the newly created position of executive vice president and managing officer of Empire of America-California Federal Savings Bank, a Woodland Hills-based thrift. Empire of America-California, with 18 offices in the state, was formed in July when Empire of America of Buffalo, N.Y., acquired Atlas Savings and Loan Assn. of San Francisco and Golden Pacific Savings & Loan Assn. of Windsor, Calif. The resulting operation's headquarters were moved to Woodland Hills.
BUSINESS
November 5, 1989 | JAMES F. PELTZ, TIMES STAFF WRITER
Empire of America Federal Savings Bank, the nation's 12th largest savings institution by assets, grew quickly in the 1980s by gobbling up 13 failing S&Ls with the support of federal regulators. Empire, a Buffalo, N.Y.-based concern that was seeking to expand across the country, bought S&Ls in Texas, Florida, New York, Michigan and California. The California acquisitions were to serve as a springboard for a major push into the state by Empire, which set up local headquarters in Woodland Hills.
BUSINESS
February 28, 1989 | From Associated Press
Federal regulators would contribute $905 million to Empire of America's recapitalization under a proposal made by the troubled thrift Monday. The application to the Federal Savings and Loan Insurance Corp. is a first, but industry observers said others are likely to follow. "We've been predicting this would happen for some time," said Douglas Faucette, an attorney for a coalition of banking interests. "Unless executives are totally asleep at the helm, they'll all be doing this," he added.
BUSINESS
March 28, 1987 | FREDERICK M. MUIR, Times Staff Writer
State and federal regulators seized Equitable Savings & Loan Assn. late Friday, declared the Fountain Valley-based institution insolvent and began efforts to liquidate its $59.1 million in assets. The insured savings accounts were immediately transferred to Empire of America, a federal savings bank, and all five Equitable branch offices in Orange, Irvine, Fountain Valley, Bellflower and San Mateo, will reopen for business on Monday morning under Empire's banner.
BUSINESS
October 17, 1989 | JAMES F. PELTZ, TIMES STAFF WRITER
Empire of America Federal Savings Bank, the nation's 12th largest savings institution by assets, grew quickly in the 1980s by gobbling up 13 failing S&Ls with the support of federal regulators. Empire, a Buffalo, N.Y.-based concern that was seeking to expand across the country, purchased S&Ls in Texas, Florida, New York, Michigan and California. The California acquisitions were to serve as a springboard for a major push into the state by Empire, which set up local headquarters in Woodland Hills.
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