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Spencer H Jr Blain

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April 23, 1987 | BILL SING, Times Staff Writer
A former Texas savings and loan executive, accused of participating in a massive loan fraud that led to the failure of a Texas S&L, agreed Wednesday to a $100-million civil penalty, believed to be the largest settlement by an individual in thrift industry history. Spencer H. Blain Jr. agreed in a Dallas court to settle a civil suit brought by the Federal Home Loan Bank Board for his role in the March, 1984, failure of Empire Savings & Loan Assn. of Mesquite, Tex.
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NEWS
April 23, 1987 | BILL SING, Times Staff Writer
A former Texas savings and loan executive, accused of participating in a massive loan fraud that led to the failure of a Texas S&L, agreed Wednesday to a $100-million civil penalty, believed to be the largest settlement by an individual in thrift industry history. Spencer H. Blain Jr. agreed in a Dallas court to settle a civil suit brought by the Federal Home Loan Bank Board for his role in the March, 1984, failure of Empire Savings & Loan Assn. of Mesquite, Tex.
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