Two Thrifts Closed: Federal regulators have closed...

Two Thrifts Closed: Federal regulators have closed two small Southern California savings and loans firms, transferring their deposits to separate banks. The $29 million in deposits at Perpetual Savings & Loan of Santa Ana were transferred to the Bank of Industry, based in City of Industry. The $33.5 million in deposits at City Savings & Loan of Westlake Village were transferred to Olympic National Bank of Los Angeles. Perpetual’s Santa Ana office will operate as a branch of the Bank of Industry, while City Savings’ Westlake Village office will operate as a branch of Olympic National.