BANKING/FINANCE
Compiled by James S. Granelli, Times staff writer
Federal regulators have paid out two-thirds of the record $1.35 billion due depositors at two insolvent Costa Mesa savings and loans that were closed nine days ago.
Working around the clock, regulators have issued 10,052 checks totaling $901.9 million in the first week of refunds to former depositors at American Diversified Savings Bank and North America Savings & Loan.
Regulators are returning deposits within 20 minutes to depositors who appear in person and within 24 hours to depositors who file claims by mail.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
