1986 Record Year for Great American First Savings Bank

Citing increases in assets, deposits and loans, Great American First Savings Bank on Thursday reported record earnings for 1986 of $93.7 million, up 118%.

At year end, assets totaled nearly $13.1 billion, up nearly 48% and making the San Diego-based company the eighth largest savings institution in the nation, officials said. Deposits rose 37% to nearly $8.9 million, net loans receivable increased 33% to $8.9 million and revenues rose 33% to $1.3 billion. All were records.