Gibraltar Won’t Seek to Remove Regulators: Gibraltar...

Gibraltar Won’t Seek to Remove Regulators: Gibraltar Financial Corp. of Beverly Hills, parent of two still-solvent savings and loans that federal regulators seized last month, said it will not seek to remove the regulators from running the thrifts. The company said the decision stemmed from its belief that, if it took such an action, the Federal Home Loan Bank Board would withhold its cooperation and assistance and a liquidity crisis would result. Regulators seized the thrifts March 31, saying they were being operated in an unsound manner and had dissipated their assets.