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June 18, 1996 | Times Staff and Wire Reports
First Union to Buy 2 Banking Firms: The nation's sixth-largest banking company said it signed a definitive agreement to acquire Hollywood, Fla.-based Home Financial Corp., with assets of $3.7 billion as of March 31, parent of Home Savings Bank FSB in Florida, for about $336 million. It also has a definitive agreement to acquire Waterbury, Conn.-based Center Financial Corp., with assets of $1.2 billion, the parent of Centerbank and operator of Centerbank Mortgage Co., for about $379 million.
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BUSINESS
June 18, 1996 | Times Staff and Wire Reports
First Union to Buy 2 Banking Firms: The nation's sixth-largest banking company said it signed a definitive agreement to acquire Hollywood, Fla.-based Home Financial Corp., with assets of $3.7 billion as of March 31, parent of Home Savings Bank FSB in Florida, for about $336 million. It also has a definitive agreement to acquire Waterbury, Conn.-based Center Financial Corp., with assets of $1.2 billion, the parent of Centerbank and operator of Centerbank Mortgage Co., for about $379 million.
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BUSINESS
July 26, 1996 | PATRICK LEE, TIMES STAFF WRITER
California Federal Bancorp could reach an agreement to be acquired by First Nationwide Bank as early as Monday in a deal valued between $1.1 billion and $1.2 billion, according to sources familiar with the negotiations. If consummated, the takeover would create the nation's third-largest thrift institution with assets of $31 billion and a statewide network of branches, according to Sheshunoff Information Services Inc.
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