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Security Federal Savings Loan Association

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November 18, 1989 | JOHN O'DELL, TIMES STAFF WRITER
Government regulators seized control of Security Federal Savings & Loan on Friday, declared the one-office thrift insolvent and placed it into the federal conservatorship program. It is the third Orange County-based S&L to be seized this year. The action does not disrupt normal business, and customers on Friday continued making deposits and withdrawals. But the action is a prelude to the sale or closing of the 32-year-old community S&L, which has $77 million in assets and $75.
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BUSINESS
May 7, 1990 | From a Times Staff Writer
The Resolution Trust Corp. announced that the following actions were taken Friday: * Arrowhead Pacific Federal Savings Bank of San Bernardino was closed and insured depositors will be paid off. Arrowhead Pacific had deposits of about $89.8 million in 6,500 deposit accounts, virtually all of which are within the $100,000 federal insurance limit. * The insured deposits of Security Federal Savings Assn. of Garden Grove were transferred to ITT Federal Bank of Irvine.
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BUSINESS
May 7, 1990 | From a Times Staff Writer
The Resolution Trust Corp. announced that the following actions were taken Friday: * Arrowhead Pacific Federal Savings Bank of San Bernardino was closed and insured depositors will be paid off. Arrowhead Pacific had deposits of about $89.8 million in 6,500 deposit accounts, virtually all of which are within the $100,000 federal insurance limit. * The insured deposits of Security Federal Savings Assn. of Garden Grove were transferred to ITT Federal Bank of Irvine.
BUSINESS
November 18, 1989 | JOHN O'DELL, TIMES STAFF WRITER
Government regulators seized control of Security Federal Savings & Loan on Friday, declared the one-office thrift insolvent and placed it into the federal conservatorship program. It is the third Orange County-based S&L to be seized this year. The action does not disrupt normal business, and customers on Friday continued making deposits and withdrawals. But the action is a prelude to the sale or closing of the 32-year-old community S&L, which has $77 million in assets and $75.
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