Two Thrifts Closed: Regulators closed two Southern...

Two Thrifts Closed: Regulators closed two Southern California savings and loans as part of the federal government’s thrift bailout program. First California Savings in Orange will reopen Monday under a new name and a new owner--First American Bank, headquartered in Rosemead. On April 6, First California was placed into conservatorship and run by agents of the Federal Deposit Insurance Corp. The savings bank on Friday had assets of $140.8 million. Also closed was Unified Savings, a small savings and loan in Westlake Village, with assets of $34 million, according to Resolution Trust Corp., the new agency overseeing the closure and sale of troubled thrifts.