Columbia S&L; Enters Receivership: As expected, the...
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From Times Staff and Wire Reports
Columbia S&L; Enters Receivership: As expected, the federal Resolution Trust Corp. put the failed Beverly Hills thrift into receivership and formed a new federal mutual association, Columbia Savings FA, to take over Columbia’s deposits and certain assets and liabilities. Columbia, seized Jan. 25, has about $6.6 billion in assets, with deposits of $6 billion.
