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BUSINESS
November 23, 1996 | From Bloomberg Business News
ABN Amro Holding agreed on Friday to buy Michigan-based Standard Federal Bancorp for about $1.9 billion in cash, as the Dutch bank pursues an expansion strategy in the Midwest. The acquisition of the ninth-largest U.S. thrift would give ABN Amro one of the largest bank franchises in the Midwest, with 310 branches from Chicago to northwest Ohio. It would also become the eight-largest originator of mortgage loans in the U.S. by combining the company's home lending businesses.
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BUSINESS
November 23, 1996 | From Bloomberg Business News
ABN Amro Holding agreed on Friday to buy Michigan-based Standard Federal Bancorp for about $1.9 billion in cash, as the Dutch bank pursues an expansion strategy in the Midwest. The acquisition of the ninth-largest U.S. thrift would give ABN Amro one of the largest bank franchises in the Midwest, with 310 branches from Chicago to northwest Ohio. It would also become the eight-largest originator of mortgage loans in the U.S. by combining the company's home lending businesses.
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BUSINESS
February 19, 1997 | JAMES FLANIGAN
H.F. Ahmanson & Co.'s offer to acquire Great Western Financial Corp., whether it succeeds or fails, tells us that this region's economy and real estate market are looking better than they have in years. That's why companies like Ahmanson can make ambitious plans.
BUSINESS
March 7, 1997 | LESLIE HELM, TIMES STAFF WRITER
When Kerry Killinger took over as chief executive of Washington Mutual Inc. in 1990, his background as a securities analyst seemed to make him uniquely suited for the job of dressing up the century-old Seattle-based thrift for a quick sale. Instead, Killinger, now 47, has turned Washington Mutual from prey to predator. Thursday's offer to acquire Great Western Financial in a friendly $6.
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