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Scott A Braly

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BUSINESS
October 17, 2000
Craig Corp., Reading Entertainment Inc. and Citadel Holding Corp. announced that Scott A. Braly has been appointed chief executive of each of the three Los Angeles-based companies. James J. Cotter will continue as the chairman of the boards of directors of Craig, Reading and Citadel. Braly has been a director of Reading since 1999, and previously was chief executive of Hawthorne Savings.
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BUSINESS
November 19, 1991
Valley Federal Savings & Loan Assn., the troubled Van Nuys-based thrift that was recently put up for auction by federal banking regulators, said its third-quarter earnings plunged 80% to $1.1 million from $5.5 million a year earlier. For the nine months that ended Sept. 30, Valley Federal's earnings dropped 61% to $8.3 million from $21.5 million during the same period last year. The thrift's assets as of Sept. 30 stood at $2.3 million, a decline of 15% from $2.7 million a year earlier.
BUSINESS
July 17, 1990 | JOHN MEDEARIS, TIMES STAFF WRITER
Valley Federal Savings & Loan said it exceeded financial targets that the capital-poor thrift agreed on with the federal government by earning $6.27 million in the second quarter that ended June 30, compared to a loss of $2.55 million for the same period in 1989.
BUSINESS
May 22, 1990 | JOHN MEDEARIS, TIMES STAFF WRITER
Valley Federal Savings said the federal Office of Thrift Supervision lifted restrictions imposed on it in January that prevented it from making new loans or accepting uninsured deposits. The limits were lifted as the Van Nuys-based thrift's board of directors reached an operating agreement with the OTS formalizing the firm's plan to boost its capital reserves.
BUSINESS
April 12, 1990 | JOHN MEDEARIS
Dan E. Nelms, the chief executive of troubled Valley Federal Savings & Loan, has resigned. Valley Federal's board named chief financial officer Scott A. Braly to serve as president and chief executive, pending his approval by the federal Office of Thrift Supervision. The change comes as Valley Federal, hurt by losses, copes with federal controls imposed in January that prevent the S&L from even originating new home loans.
BUSINESS
April 25, 1991 | JOHN MEDEARIS, TIMES STAFF WRITER
Valley Federal Savings & Loan said Wednesday that it was granted until the end of this year to meet federal capital regulations. The action by the Office of Thrift Supervision put off the possibility of a seizure of the Van Nuys-based thrift, which could have come as soon as July. Valley Federal, which is insolvent but profitable, now plans to close or sell about half of its 32 branches and will strive to remain profitable to meet terms of a new capital-boosting plan approved by the OTS.
BUSINESS
April 8, 1992 | JAMES BATES, TIMES STAFF WRITER
American Savings Bank is expected to acquire ailing Valley Federal Savings & Loan as early as this week, sources close to the deal said Tuesday. Details of the transaction are still being worked out, but sources said American will assume both Valley Federal's insured and uninsured deposits and take over the thrift's 22 branch offices.
BUSINESS
November 12, 1991 | PHILIPP GOLLNER, TIMES STAFF WRITER
The federal government's decision last week to find a buyer for troubled Valley Federal Savings & Loan Assn. came as a blow to chief executive Scott A. Braly, who has fought for two years to keep banking regulators at bay while putting in place a sweeping survival plan.
BUSINESS
April 21, 1992 | JAMES F. PELTZ, TIMES STAFF WRITER
It took more than 60 years of slow, methodical growth for Valley Federal Savings & Loan Assn. to amass more than $2 billion in assets and become one of the biggest financial institutions in the San Fernando Valley. Then it took one day to wipe Valley Federal off the face of the earth. The end came April 10 when the federal government arranged for the S & L's sale to American Savings Bank, a thrift based in Stockton and Irvine.
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