BANKING/FINANCE
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Acquisition Pact: Santa Monica-based Fremont General Corp. revealed this week that it agreed to pay Tomar Financial Corp. $4.9 million in cash, the assumption of $1.3 million in debt and future considerations for the acquisition of two thrift and loans in Orange.
The purchase price for Fresno-based Tomar, which owns Investors Thrift & Loan and Liberty Thrift & Loan, was listed in a filing with the Securities and Exchange Commission. The operation was acquired a month ago by Fremont, one of the state’s larger workers compensation insurers.
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