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Encino Savings Bank

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BUSINESS
June 7, 1994
American Savings Bank has acquired $89.2 million in deposits from Encino Savings Bank in a sale forced by regulators and reopened the small thrift's two offices Monday as American branches. American, based in Irvine, said Friday that it will close those branches in about two months and move the deposit accounts to nearby American offices. It will hire a dozen of the 26 employees and give temporary jobs to three more. The rest will join the Resolution Trust Corp.
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BUSINESS
June 7, 1994
American Savings Bank has acquired $89.2 million in deposits from Encino Savings Bank in a sale forced by regulators and reopened the small thrift's two offices Monday as American branches. American, based in Irvine, said Friday that it will close those branches in about two months and move the deposit accounts to nearby American offices. It will hire a dozen of the 26 employees and give temporary jobs to three more. The rest will join the Resolution Trust Corp.
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