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Valley Federal Savings And Loan Association

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BUSINESS
December 18, 1987 | JAMES F. PELTZ, Times Staff Writer
Valley Federal Savings & Loan, facing a takeover threat from Citadel Holding, said Thursday that it is talking with other potential merger partners. Citadel, the Glendale-based parent of Fidelity Federal Savings & Loan, has not yet made a formal offer to buy Valley Federal, the Van Nuys firm that is the biggest financial institution in the San Fernando Valley. Citadel has obtained options and commitments to purchase 39% of Valley Federal's shares and has said it wants to buy the remaining stock.
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BUSINESS
January 28, 1992
Valley Federal Savings and Loan Assn., an ailing Van Nuys thrift that has been put up for auction by the federal Office of Thrift Supervision, said its fiscal 1991 earnings dropped 64% to $9.35 million from $25.7 million a year earlier. For the three months ended Dec. 31, Valley Federal's profit plunged 76% to $1 million from $4.24 million in the fourth quarter of 1990. Assets as of Dec. 31 declined 16% to $2.2 billion from $2.7 billion a year earlier.
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BUSINESS
January 28, 1992
Valley Federal Savings and Loan Assn., an ailing Van Nuys thrift that has been put up for auction by the federal Office of Thrift Supervision, said its fiscal 1991 earnings dropped 64% to $9.35 million from $25.7 million a year earlier. For the three months ended Dec. 31, Valley Federal's profit plunged 76% to $1 million from $4.24 million in the fourth quarter of 1990. Assets as of Dec. 31 declined 16% to $2.2 billion from $2.7 billion a year earlier.
BUSINESS
December 18, 1987 | JAMES F. PELTZ, Times Staff Writer
Valley Federal Savings & Loan, facing a takeover threat from Citadel Holding, said Thursday that it is talking with other potential merger partners. Citadel, the Glendale-based parent of Fidelity Federal Savings & Loan, has not yet made a formal offer to buy Valley Federal, the Van Nuys firm that is the biggest financial institution in the San Fernando Valley. Citadel has obtained options and commitments to purchase 39% of Valley Federal's shares and has said it wants to buy the remaining stock.
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