February 27, 1988 |
Federal regulators late Friday closed two problem-plagued savings and loans in California and transferred their deposits to healthy institutions. Closed were Mt. Whitney Savings & Loan Assn., located in the town of Exeter in the Central Valley near Visalia, and Ramona Federal Savings & Loan Assn. in the town of Fillmore in Ventura County. Mt. Whitney will be merged into Guardian Savings & Loan Assn. of Huntington Beach. The Ramona thrift will become part of Midwest Federal Savings & Loan Assn.