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Unity Savings Loan Association

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August 3, 1991 | From Times Staff and Wire Reports
Beverly Hills Thrift Sold: The Resolution Trust Corp. sold off the five branches of Unity Savings & Loan Assn., a failed thrift with $418.3 million in assets, to four other financial institutions. The main office in Beverly Hills was bought by Pacific National Bank of Newport Beach, American Savings Bank of Stockton bought two other branches, and West Hollywood-based Bank of Los Angeles and Olympic National Bank of Los Angeles each bought one office.
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BUSINESS
August 7, 1991 | James S. Granelli / Times staff writer
Pacific National Bank will grow by about 50% once the dust settles from its acquisition of the Beverly Hills headquarters of failed Unity Savings & Loan. The Newport Beach bank led a group of institutions that paid a combined $1.6 million for Unity's deposits, a chunk of loans and other assets. Federal regulators had been operating Unity since seizing it last February.
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BUSINESS
August 3, 1991 | From Times Staff and Wire Reports
Beverly Hills Thrift Sold: The Resolution Trust Corp. sold off the five branches of Unity Savings & Loan Assn., a failed thrift with $418.3 million in assets, to four other financial institutions. The main office in Beverly Hills was bought by Pacific National Bank of Newport Beach, American Savings Bank of Stockton bought two other branches, and West Hollywood-based Bank of Los Angeles and Olympic National Bank of Los Angeles each bought one office.
BUSINESS
August 7, 1991 | James S. Granelli / Times staff writer
Pacific National Bank will grow by about 50% once the dust settles from its acquisition of the Beverly Hills headquarters of failed Unity Savings & Loan. The Newport Beach bank led a group of institutions that paid a combined $1.6 million for Unity's deposits, a chunk of loans and other assets. Federal regulators had been operating Unity since seizing it last February.
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