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Home Federal Savings Loan Assn

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BUSINESS
October 29, 1986
Douglas Hughes has joined Home Federal Savings and Loan Assn. as group product manager.
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REAL ESTATE
August 24, 1986
Home Federal Savings & Loan Assn. has relocated its corporate banking office to the Pacific Financial Center, 800 West 6th St. The 10-year lease Home Federal signed for 5,000 square feet of office space is worth more than $1.2 million, according to the downtown office of Cushman & Wakefield, the commercial brokerage firm that represented both sides in the transaction.
REAL ESTATE
January 13, 1985
A $6.8-million first-phase construction loan has been funded by Home Federal Savings & Loan Assn. through Pacific Continental Group Inc. for the $11-million Deerpark apartment project being developed in Encinitas by Deerpark Encinitas Associates. The project, near Encinitas Boulevard and El Camino Real in north San Diego County, will contain 214 one-bedroom, one-bath and two-bedroom, two-bath apartments ranging from 660 to 987 square feet, to rent from $510 to $725 a month upon occupancy in
REAL ESTATE
February 1, 1987
The Shidler Group has acquired 88 freight consolidation and distribution properties from IU International for $37 million. They are located in 31 states from coast to coast and comprise more than 1.1 million square feet of leasable space in buildings and more than 430 acres. Rob Holman, managing partner of the Corporate Real Estate Acquisitions area of the Shidler Group, said major financing was provided by Home Federal Savings & Loan Assn. of San Diego and Citicorp Real Estate Inc.
BUSINESS
October 24, 1985 | BILL RITTER
Buffeted by previously announced heavy losses in its consumer credit sector, Home Federal Savings & Loan Assn. reported a 91% drop in earnings to $1.4 million in the third quarter ended Sept. 30. The San Diego-based S&L increased its provision for loan losses to $47.6 million, up from only $2 million a year ago. Revenue rose 12% to $263.8 million. Total assets rose 9.6% to $9.7 billion, while deposits increased by about 7% to $7.2 billion. Stockholders' equity as of Sept.
BUSINESS
October 25, 1985
Buffeted by previously announced heavy losses in its consumer credit, Home Federal Savings & Loan Assn. on Wednesday reported a 91% drop in earnings, to $1.4 million, in the third quarter ended Sept. 30. For the nine months, Home Federal reported earnings of $42.8 million, down 2%. The San Diego-based S&L increased its provision for loan losses to $47.6 million, up from only $2 million a year ago. Revenues in the third quarter rose 12% to $263.8 million.
BUSINESS
February 11, 1986 | BILL RITTER
Home Federal Savings & Loan Assn. reported record earnings of $72.8 million, up 19%, for the year ended Dec. 31. Fourth-quarter earnings of $30 million were a record for any quarter since the San Diego-based S&L went public in early 1983 and were an increase over the $17.4-million net in last year's comparable quarter. Home Federal's interest rate spread, or the difference between its cost of funds and what it receives on loans and investments, was 2.
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