Great American First Savings Bank said it...
Great American First Savings Bank said it will probably take a charge on earnings of $8 million to $14 million, possibly in the current quarter to end June 30, at the urging of federal regulators, because of a revision of the future value of the S&L;’s future loan servicing income.
The exact timing of the charge on earnings will depend on when Great American reaches a final agreement with the Federal Home Loan Bank Board, spokesman Kenn Ulrich said Friday. Ulrich said Great American expects to recoup the charge as earned income over a five-year period.
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