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BUSINESS
May 19, 1988 | Associated Press
A Dallas thrift will acquire four insolvent Texas savings and loans in what may be the largest merger in the federal plan to rescue Texas' ailing thrift industry, officials said Wednesday. The Federal Savings and Loan Insurance Corp. will provide $2.6 billion in assistance, said George M. Barclay, president of the Federal Home Loan Bank of Dallas. The four thrifts to be merged within the next year into Southwest Savings Assn. are Stockton Savings Assn. of Addison, Lamar Savings Assn.
BUSINESS
May 19, 1988 | Associated Press
A Dallas thrift will acquire four insolvent Texas savings and loans in what may be the largest merger in the federal plan to rescue Texas' ailing thrift industry, officials said Wednesday. The Federal Savings and Loan Insurance Corp. will provide $2.6 billion in assistance, said George M. Barclay, president of the Federal Home Loan Bank of Dallas. The four thrifts to be merged within the next year into Southwest Savings Assn. are Stockton Savings Assn. of Addison, Lamar Savings Assn.
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