Advertisement

The chairman of Michigan National Corp., Robert...

The chairman of Michigan National Corp., Robert J. Mylod, said the bank holding company plans to use newly acquired Beverly Hills Savings & Loan of Mission Viejo as a vehicle to make further acquisitions and expand operations throughout California. Mylod predicted that Beverly Hills Savings soon will grow into one of California’s larger savings institutions. Michigan National on Saturday acquired Beverly Hills Savings, an insolvent, six-branch thrift, with $983 million in assistance from federal regulators.


Advertisement