The parent company of Irvine-based Lincoln Savings...

The parent company of Irvine-based Lincoln Savings & Loan has laid off nearly 50 employees, mostly in Arizona, and may trim more jobs in the next few months as part of a restructuring to prepare for the pending sale of the S&L.; No employees at the 29 Southern California branches of Lincoln Savings or its real estate operations in California are affected by the layoffs, said Robert J. Kielty, senior vice president for the S&L;’s Phoenix-based parent, American Continental Corp. American Continental agreed last month to sell Lincoln Savings to a Southern California investors group in a stock deal valued at $288.75 million.