April 24, 1991 |
Running the Resolution Trust Corp. is a no-win situation, says a consultant who helped arrange Friday's purchase of failed Imperial Savings & Loan's 78 branches statewide. The RTC, the federal agency that manages and liquidates failed thrifts, has $167 billion worth of assets from collapsed U.S. S&Ls to get rid of. Imperial, which was based in San Diego and had $7 billion in assets, was one of the bigger thrifts that the agency had been operating.
April 23, 1991 |
Household Bank has been on a shopping spree for several years, and the savings and loan has found that the Resolution Trust Corp. offers the best deals around. The federal agency, which manages and liquidates failed thrifts, has been under intense pressure by Congress and others to sell its vast holdings of failed thrift properties. Locally based Household was only too happy to pay $14 million Friday for 48 branches of failed Imperial Savings & Loan's statewide network.
April 19, 1991
The members of the Conejo Valley Garden Club have urged the Thousand Oaks City Council to stop new water hookups until the drought ends. It doesn't make sense to have the present population on water-use restrictions and yet continue to allow more commercial and residential buildings to be constructed. We urge a moratorium on all future development until the water shortage has ended. MARIAN KURASH, President Conejo Valley Garden Club Thousand Oaks
April 19, 1991 |
U.S. banking regulators hope to complete the sale of Imperial Savings & Loan's 78 branch offices in California today to a pair of out-of-town financial institutions, according to sources familiar with the planned sale. If completed, the sale would split San Diego-based Imperial's 78 branches between San Francisco-based Bank of the West and Household Bank, a subsidiary of Prospect Heights, Ill.-based Household International, according to the sources, who asked not to be identified.
November 3, 1990 |
Lincoln Savings & Loan, the Irvine-based thrift that has become a symbol of the nation's savings and loan debacle, was put up for sale Friday by federal authorities. Once owned by Charles H. Keating Jr., Lincoln was one of 18 failed savings and loans put on the block by the federal Resolution Trust Corp., the agency formed last year to clean up the S&L mess. Also put up for sale was Imperial Federal Savings Assn. in San Diego, the largest failed thrift in the state.