The Federal Home Loan Bank Board has...
The Federal Home Loan Bank Board has taken over First Security Savings Bank, which has offices in Pleasant Hill, Calif. and Eureka, Calif., and a loan servicing center in Santa Ana. The board chartered a new association to acquire the savings and loan’s liabilities and assets. First Security, which has $179.6 million in assets, was placed in the board’s management consignment program, which attempts to turn troubled thrifts around. First Security became the first institution in California placed in the consignment program this year.
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