Guardian Prepares New Plan: Huntington Beach-based Guardian...

Guardian Prepares New Plan: Huntington Beach-based Guardian Savings & Loan, hurt by a temporary government-ordered ban on most of its lending activities, said Friday that it has filed a revised capital plan with thrift regulators as it prepares to resume mortgage lending activities. The thrift, which previously failed one of three strict capital tests mandated by federal law, now fails two of those tests and had to tell federal regulators how it plans to increase its capital base, said William J. Crawford, its recently hired president. In addition, Guardian expects to report a loss for 1990 of up to $3 million, once an audit of the thrift is completed, Crawford said. A hefty loss in the fourth quarter wiped out the thrift’s nine-month earnings of $2.4 million.