Golden Pacific’s federal charter was approved.
The Federal Home Loan Bank Board reported that it has chartered a new federal mutual association to acquire the assets and liabilities of Golden Pacific Savings & Loan Assn. of Windsor, Calif. The newly formed mutual association, with assets of $43.2 million, will be known as Golden Pacific Savings & Loan Assn. In a related action, the bank board appointed the FSLIC as receiver for the former Golden Pacific Savings.
