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March 5, 1992 | From Times Staff and Wire Reports
Marina del Rey Thrift Acquired: Century Federal Savings & Loan in Pasadena has acquired from the federal Resolution Trust Corp. $38.2 million in deposits formerly held by the failed Executive Savings Bank in Marina del Rey. Century Federal, which paid no premium for the deposits, also acquired $19.4 million in real estate loans that it may return within 45 days to the RTC, the federal agency created in 1989 to mop up the savings and loan mess.
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BUSINESS
March 5, 1992 | From Times Staff and Wire Reports
Marina del Rey Thrift Acquired: Century Federal Savings & Loan in Pasadena has acquired from the federal Resolution Trust Corp. $38.2 million in deposits formerly held by the failed Executive Savings Bank in Marina del Rey. Century Federal, which paid no premium for the deposits, also acquired $19.4 million in real estate loans that it may return within 45 days to the RTC, the federal agency created in 1989 to mop up the savings and loan mess.
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