ANNUAL MEETINGS : Deihl Sees Home Savings Opening Soon in Ohio

H. F. Ahmanson & Co. will have its new branch operations in Ohio approved and operating before the end of the week, the company’s chief executive told shareholders at the firm’s annual meeting in Los Angeles.

Richard H. Deihl, who is also chairman of the company’s principal subsidiary, Home Savings of America, said that, once federal banking regulators approve the sale this week, the branches will be open for business.

Home Savings, the country’s second-largest S&L;, agreed to acquire four savings and loans that have a total of $400 million in assets and 22 branches throughout Ohio. The S&Ls; were among those ordered closed in mid-March when a deposit run hit some of the state’s 70 privately insured savings associations.

Deihl also noted that the company may be headed for a record year in earnings. The S&L; holding company earned $36.5 million in the first quarter, despite continued losses in its insurance operations.