Pacific First Financial Corp

In one of the first major deals since Congress approved the thrift bailout plan, Royal Trustco Ltd. of Toronto on Friday acquired insolvent Pacific Savings Bank in Costa Mesa with the help of $550 million from the federal government. Pacific Savings and three other large S&Ls were sold Friday as part of the federal government's effort to clean up the ravaged industry. The Resolution Trust Corp., the federal agency charged with disposing of failed institutions, provided a total of $7.