Great American Not in Compliance: In a...
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From Times Staff and Wire Reports
Great American Not in Compliance: In a disclosure that raised anew the threat of a government takeover, Great American Bank of San Diego said it is $100 million short of compliance with its recently approved capital plan, according to preliminary unaudited results for its fourth quarter ended Dec. 31. The disclosure means that the troubled savings and loan expects an operating loss of up to $90 million for the quarter.
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