Great Western May Buy CenTrust: Great Western...
From Times Staff and Wire Service Reports
Great Western May Buy CenTrust: Great Western Financial in Beverly Hills is one of seven financial institutions reportedly interested in buying failed CenTrust Bank in Miami. Great Western agreed last year to buy CenTrust’s branches, but the deal fell apart after regulators seized CenTrust in February. Other institutions reportedly interested in CenTrust include NCNB Corp. and First Union Corp., both of North Carolina; Citicorp in New York; Barnett Banks in Florida, and two Georgia banks, Sun-Trust Banks and Citizens & Southern Corp. Great Western declined to comment.
