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Sunbelt Savings Association

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December 4, 1988 | TOM FURLONG, Times Staff Writer
Edwin T. McBirney III cut a wide swath through the lending circles of this city a few years ago when he owned and operated Sunbelt Savings Assn., known as Gunbelt Savings during the go-go McBirney era. High-strung and jet-fueled, McBirney was widely known as "Fast Eddie" because of his love for big development deals done with flair and dispatch.
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BUSINESS
April 11, 1992 | JAMES BATES, TIMES STAFF WRITER
American Savings Bank acquired ailing Valley Federal Savings & Loan on Friday in a deal arranged by federal regulators, while BankAmerica Corp. took a major step into the Texas market by buying the failed Sunbelt Federal Savings in Dallas. Separately, federal regulators disclosed that Texas billionaire Robert M. Bass, who owns American Savings, will pump $1 million into Family Savings Bank, a Los Angeles-based thrift that is one of the nation's largest minority-owned institutions.
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BUSINESS
October 4, 1990 | From Associated Press
A federal judge has awarded a Dallas thrift more than $464 million in damages stemming from civil fraud and racketeering lawsuits against the borrowers from an associate institution. U.S. District Judge Jerry Buchmeyer ordered the award to Sunbelt Savings of Dallas on Sept. 28. The action was the result of lawsuits accusing borrowers of defrauding Western Savings Assn. Western is one of eight insolvent Texas thrifts combined to form Sunbelt in 1988.
BUSINESS
April 8, 1992 | From Times Staff and Wire Reports
B of A on Verge of Texas Deal: BankAmerica Corp. is expected to emerge as the new owner of failed Sunbelt Savings in Dallas when the results of the bidding are disclosed Friday. The trade publication American Banker, following similar reports out of Texas last week, said the San Francisco bank has been awarded the thrift. The bank has previously confirmed that it bid on Sunbelt and that expansion in Texas is one of its highest priorities.
BUSINESS
April 4, 1992 | JAMES BATES, TIMES STAFF WRITER
Despite being just three weeks away from completing the biggest banking merger in U.S. history, BankAmerica Corp. may also be on the verge of a major expansion in Texas. In an interview Friday, BankAmerica Chairman Richard M. Rosenberg confirmed that the bank has bid on Sunbelt Savings, a large Dallas-based thrift being sold by the federal Resolution Trust Corp.
BUSINESS
July 29, 1989
Honig is urging us not to mix religion with science. He needs instead to urge educators not to mix evolution theory with science. True science deals with repeatable, observable, controlled experiments taking place in the present. Evolution is an unchanging belief system based on ever-changing "educated" (read: biased) guesses regarding our origins (which took place in the past before there were any human witnesses, scientific or otherwise.
BUSINESS
April 8, 1992 | From Times Staff and Wire Reports
B of A on Verge of Texas Deal: BankAmerica Corp. is expected to emerge as the new owner of failed Sunbelt Savings in Dallas when the results of the bidding are disclosed Friday. The trade publication American Banker, following similar reports out of Texas last week, said the San Francisco bank has been awarded the thrift. The bank has previously confirmed that it bid on Sunbelt and that expansion in Texas is one of its highest priorities.
BUSINESS
April 4, 1992 | JAMES BATES, TIMES STAFF WRITER
Despite being just three weeks away from completing the biggest banking merger in U.S. history, BankAmerica Corp. may also be on the verge of a major expansion in Texas. In an interview Friday, BankAmerica Chairman Richard M. Rosenberg confirmed that the bank has bid on Sunbelt Savings, a large Dallas-based thrift being sold by the federal Resolution Trust Corp.
BUSINESS
July 3, 1991 | CHRIS KRAUL, SAN DIEGO COUNTY BUSINESS EDITOR
San Diego-based HomeFed Bank announced Tuesday that it has hired Thomas J. Wageman, a specialist in running troubled thrifts, as its new president and chief executive. He replaces Robert Adelizzi, who was forced to resign by regulators after the struggling savings and loan reported huge first-quarter and 1990 losses. Wageman, 57, has spent the past nine years heading up troubled institutions.
BUSINESS
October 4, 1990 | From Associated Press
A federal judge has awarded a Dallas thrift more than $464 million in damages stemming from civil fraud and racketeering lawsuits against the borrowers from an associate institution. U.S. District Judge Jerry Buchmeyer ordered the award to Sunbelt Savings of Dallas on Sept. 28. The action was the result of lawsuits accusing borrowers of defrauding Western Savings Assn. Western is one of eight insolvent Texas thrifts combined to form Sunbelt in 1988.
BUSINESS
April 11, 1992 | JAMES BATES, TIMES STAFF WRITER
American Savings Bank acquired ailing Valley Federal Savings & Loan on Friday in a deal arranged by federal regulators, while BankAmerica Corp. took a major step into the Texas market by buying the failed Sunbelt Federal Savings in Dallas. Separately, federal regulators disclosed that Texas billionaire Robert M. Bass, who owns American Savings, will pump $1 million into Family Savings Bank, a Los Angeles-based thrift that is one of the nation's largest minority-owned institutions.
BUSINESS
July 12, 1990 | RONALD J. OSTROW, TIMES STAFF WRITER
Moving against one of the nation's costliest savings and loan failures, a federal grand jury indicted the former chairman of a Texas thrift Wednesday on charges of bank fraud, misapplying funds and making false statements arising from a $700-million Southern California real estate purchase. The defendant, Edwin T. McBirney III, resigned as chairman of Sunbelt Savings Assn. under pressure from federal regulators in 1986.
BUSINESS
July 12, 1990 | RONALD J. OSTROW, TIMES STAFF WRITER
Moving against one of the nation's costliest savings and loan failures, a federal grand jury indicted the former chairman of a Texas thrift Wednesday on charges of bank fraud, misapplying funds and making false statements arising from a $700-million Southern California real estate purchase. The defendant, Edwin T. McBirney III, resigned as chairman of Sunbelt Savings Assn. under pressure from federal regulators in 1986.
BUSINESS
July 29, 1989
Honig is urging us not to mix religion with science. He needs instead to urge educators not to mix evolution theory with science. True science deals with repeatable, observable, controlled experiments taking place in the present. Evolution is an unchanging belief system based on ever-changing "educated" (read: biased) guesses regarding our origins (which took place in the past before there were any human witnesses, scientific or otherwise.
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