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Huntington Savings Loan Association

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February 10, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Huntington Savings & Loan, apparently unable to recover adequately from losses in the mid-1980s, was seized by federal thrift regulators late Friday afternoon. The Huntington Beach-based thrift was put into receivership by the Office of Thrift Supervision, and its assets were transferred to a newly chartered mutual thrift called Huntington Federal Savings. Huntington Federal will reopen Monday for business as usual in a conservatorship managed by the Resolution Trust Corp.
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BUSINESS
February 10, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Huntington Savings & Loan, apparently unable to recover adequately from losses in the mid-1980s, was seized by federal thrift regulators late Friday afternoon. The Huntington Beach-based thrift was put into receivership by the Office of Thrift Supervision, and its assets were transferred to a newly chartered mutual thrift called Huntington Federal Savings. Huntington Federal will reopen Monday for business as usual in a conservatorship managed by the Resolution Trust Corp.
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