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Standard Pacific Savings F A

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BUSINESS
August 29, 1998 | (Dow Jones)
Home builder Standard Pacific Corp. said Friday that it has found another buyer for its nearly dormant thrift institution, Standard Pacific Savings in Newport Beach. A unit of Houston-based insurer and lender American General Corp. has agreed to buy the thrift for about $8 million. The transaction, subject to the approval of federal regulators, is expected to close by Dec. 31. Last year, Standard Pacific agreed to sell the thrift to Irvine mortgage banking company First Alliance Corp.
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BUSINESS
August 29, 1998 | (Dow Jones)
Home builder Standard Pacific Corp. said Friday that it has found another buyer for its nearly dormant thrift institution, Standard Pacific Savings in Newport Beach. A unit of Houston-based insurer and lender American General Corp. has agreed to buy the thrift for about $8 million. The transaction, subject to the approval of federal regulators, is expected to close by Dec. 31. Last year, Standard Pacific agreed to sell the thrift to Irvine mortgage banking company First Alliance Corp.
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BUSINESS
February 11, 1989 | TOM FURLONG, Times Staff Writer
Federal regulators late Friday moved in on two troubled thrifts in Southern California, closing Signal Savings & Loan in Signal Hill and selling most of the deposits of Manhattan Beach Savings & Loan to another firm. Separately, regulators disclosed that savers took out a record $8.1 billion from the nation's thrift institutions in December, but pointed out that $3.4 billion came from a single, healthy institution that was intentionally shrinking its deposits.
BUSINESS
February 3, 1998 | JAMES S. GRANELLI, TIMES STAFF WRITER
First Alliance Corp.'s bid to acquire a savings and loan for up to $11 million died Monday after federal regulators failed to give their approval to the planned purchase of Standard Pacific Savings. First Alliance, an Irvine mortgage banking company, and the nearly dormant Newport Beach thrift had set Jan. 31 as the deadline for completing the transaction. That date had been extended from a Dec. 31 deadline.
BUSINESS
February 3, 1998 | JAMES S. GRANELLI, TIMES STAFF WRITER
First Alliance Corp.'s bid to acquire a savings and loan for up to $11 million died Monday after federal regulators failed to give their approval to the planned purchase of Standard Pacific Savings. First Alliance, an Irvine mortgage banking company, and the nearly dormant Newport Beach thrift had set Jan. 31 as the deadline for completing the transaction. That date had been extended from a Dec. 31 deadline.
BUSINESS
June 27, 1997 | JAMES S. GRANELLI, TIMES STAFF WRITER
Mortgage lender First Alliance Corp. said Thursday that it has agreed to acquire Standard Pacific Savings, a nearly dormant thrift for the last two years, for up to $11 million in cash. The publicly held Irvine firm said it will rename the thrift First Alliance Bank and use it to issue credit cards and other financial services products.
CALIFORNIA | LOCAL
March 7, 1987 | Heidi Evans
Standard Pacific, L. P., a Costa Mesa-based residential home-building firm, has acquired South Bay Savings & Loan Assn. of Gardena, the Federal Home Loan Bank Board announced Friday. Standard Pacific, which is a publicly held limited partnership with $312.8 million in assets, will operate its newly acquired subsidiary as a federal stock association known as Standard Pacific Savings, F.A. Prior to the acquisition, South Bay Savings was a $62.
BUSINESS
June 27, 1997 | JAMES S. GRANELLI, TIMES STAFF WRITER
Mortgage lender First Alliance Corp. said Thursday that it has agreed to acquire Standard Pacific Savings, a nearly dormant thrift for the last two years, for up to $11 million in cash. The publicly held Irvine firm said it will rename the thrift First Alliance Bank and use it to issue credit cards and other financial services products.
BUSINESS
February 11, 1989 | TOM FURLONG, Times Staff Writer
Federal regulators late Friday moved in on two troubled thrifts in Southern California, closing Signal Savings & Loan in Signal Hill and selling most of the deposits of Manhattan Beach Savings & Loan to another firm. Separately, regulators disclosed that savers took out a record $8.1 billion from the nation's thrift institutions in December, but pointed out that $3.4 billion came from a single, healthy institution that was intentionally shrinking its deposits.
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