Advertisement
YOU ARE HERE: LAT HomeCollectionsUnited New Mexico Financial Corp
IN THE NEWS

United New Mexico Financial Corp

MORE STORIES ABOUT:
FEATURED ARTICLES
ARTICLES BY DATE
Advertisement
BUSINESS
February 28, 1990 | From Times Wire Services
Financially pressed First Interstate Bancorp will sell three of its New Mexico banks to United New Mexico Financial Corp., officials for the Los Angeles-based bank holding company said today. First Interstate, hammered in recent months by huge losses at its Texas and Arizona subsidiaries, will sell First Interstate Bank of Albuquerque, First Interstate Bank of Roswell and First Interstate Bank of Lea County, First Interstate Vice President Ken Preston said. Terms of the deal were not announced.
NEWS
December 28, 1988 | TOM FURLONG, Times Staff Writer
Federal regulators are close to arranging a $5-billion rescue of five hard-hit Texas savings and loans, industry sources said late Tuesday. If the deal goes through, it would be the second-costliest bailout ever by U.S. thrift regulators. Negotiating to acquire the thrifts with the federal assistance is the investment group MacAndrews & Forbes Holding. It is headed by Ronald O. Perelman, a takeover specialist well-known on Wall Street who also is chairman of Revlon Inc., the cosmetics company.
Los Angeles Times Articles
|