Equitable S&L; was bought by a San Mateo firm.
The Stanton-based S&L;, which had been operating with almost a $1-million negative net worth, was acquired by Vesteq Financial Services. The S&L;’s new owners plan to put $3.5 million in cash into the troubled thrift and close three of its six branch offices. The S&L; also plans to move its headquarters to Newport Beach in June.
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