Thrift Customers to Be Paid: The federal...
From Times Staff and Wire Reports
Thrift Customers to Be Paid: The federal Resolution Trust Corp. will pay off the insured deposits of Wilshire Federal Savings & Loan, a troubled Los Angeles thrift seized in January. Wilshire, which had $77.8 million in deposits in 1,500 accounts, failed to attract a buyer. Paying off insured deposits is rare, occurring only about 10% of the time a thrift is taken over.
