Texas Thrift Sold to Perelman Firm: The...
From Times Staff and Wire Reports
Texas Thrift Sold to Perelman Firm: The federal Resolution Trust Corp. has decided to sell San Antonio Savings Assn. to Houston-based First Gibraltar Bank, possibly as early as Friday, according to published reports. San Antonio Savings was seized in March, 1989. First Gibraltar, formed from the merger of a group of thrifts acquired in 1988 by New York financier Ronald O. Perelman, is the largest savings and loan in Texas.
