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Robert E Lackovic

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BUSINESS
September 14, 1988 | Associated Press
The president of First Nationwide Bank complained to a congressional panel Tuesday that his institution should not have been frozen out of negotiations in the largest government rescue of a savings association. Robert E. Lackovic, president of the San Francisco-based First Nationwide, told the House energy and commerce oversight subcommittee that federal regulators cannot be sure that they got the best deal in the rescue of American Savings & Loan Assn.
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BUSINESS
September 14, 1988 | Associated Press
The president of First Nationwide Bank complained to a congressional panel Tuesday that his institution should not have been frozen out of negotiations in the largest government rescue of a savings association. Robert E. Lackovic, president of the San Francisco-based First Nationwide, told the House energy and commerce oversight subcommittee that federal regulators cannot be sure that they got the best deal in the rescue of American Savings & Loan Assn.
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BUSINESS
October 2, 1985
Robert E. Lackovic, executive vice president-marketing for San Francisco-based First Nationwide Savings, has been named president, following the resignation of William F. Ford. Ford, who was also the firm's chief operating officer, resigned to work as an economic and financial writer and consultant. Lackovic will also assume the responsibility of president of First Nationwide Network, a franchise program for independent savings institutions. In addition, John L.
BUSINESS
September 16, 1988 | TOM FURLONG
First Nationwide Financial has elected Robert E. Lackovic, 55, chairman and chief executive, filling the post vacated several months ago by Anthony M. Frank, who resigned to become U.S. postmaster general. First Nationwide Financial, based in San Francisco, is a subsidiary of Ford Motor and the parent company of First Nationwide Bank, the nation's sixth-largest savings and loan. Lackovic, who has been with First Nationwide for 15 years, had been president and chief operating officer.
BUSINESS
November 13, 1990 | JAMES BATES, TIMES STAFF WRITER
Savings and loan executives meeting here Monday said federal regulators' zeal in trying to protect taxpayers is producing inconsistent, overly harsh reviews of thrifts that are scaring off investment dollars needed for survival. In a theme heard repeatedly at the annual U.S. League of Savings Institutions convention, thrift executives complained that regulators are pressuring them to bolster the financial cushions that protect against losses.
BUSINESS
January 26, 1991 | MARTHA GROVES
The chairman and chief executive of First Nationwide Bank, Ford Motor Co.'s troubled savings and loan unit, will retire April 1. Robert E. Lackovic, 58, an 18-year veteran of San Francisco-based First Nationwide, said in a telephone interview that "it felt like the right time for me." "We're at a fork in the road for thrifts," he said. "I didn't want to go through another metamorphosis. I just wanted to get off the roller coaster." His successor will be John M.
BUSINESS
February 11, 1989 | NANCY YOSHIHARA, Times Staff Writer
In a major reversal of a much publicized move into K mart stores, First Nationwide Bank said Friday that it will cease offering banking services at convenience branches located in 170 outlets of the discount chain. The San Francisco savings bank, owned by nation's second-largest thrift holding company and a subsidiary of Ford Motor Co., is the latest major financial institution to withdraw banking services from a retail chain.
NEWS
January 9, 1989 | TOM FURLONG, Times Staff Writer
The escalating cost of the nation's savings and loan rescues, which now stands at nearly $39 billion, is but a rough guess that may surge dramatically in the years ahead if the economy worsens, banking experts warn. Marked rises in interest rates, or a further deterioration of oil-dependent areas like Texas, could balloon these bailout costs for the Federal Home Loan Bank Board and its insurance arm, the Federal Savings and Loan Insurance Corp.
BUSINESS
September 6, 1988 | TOM FURLONG, Times Staff Writer
After days, months and even years of frustration, the regulatory effort to solve the problems of American Savings & Loan Assn. has taken a giant leap forward. Federal regulators said Monday that a near-agreement has been reached to sell American Savings, the operating subsidiary of Financial Corp. of America in Irvine, to private investors led by Texas billionaire Robert M. Bass.
NEWS
June 7, 1987 | Compilation and analysis for the 1987 roster were provided by Maureen Perry and Cynthia Sosin of the Los Angeles Times marketing research department
KEY TO ROSTER--The corporate name of each company is followed by its founding or incorporation date in parentheses. Sales figures have been confined as closely as possible to operating revenues. They include equity in earnings of joint venture corporations as reported, but exclude nonoperating revenue such as dividends and gains from the sale of real estate. Income figures are given before extraordinary items.
BUSINESS
May 5, 1991 | JAMES BATES, TIMES STAFF WRITER
In a sales promotion last summer, Ford Motor Co. officials tried to park an Escort and a Mercury Tracer in the Walnut Creek, Calif., branch of the company's First Nationwide Bank. But the Tracer was unable to squeeze through the door and ended up with an embarrassing scrape on the side. Likewise, the giant auto maker's squeeze through the door of the clubby savings and loan business has left it scraped and bruised.
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