Compton Thrift Seized: Regulators with the Office...

Compton Thrift Seized: Regulators with the Office of Thrift Supervision said Enterprise Savings & Loan had inadequate management, poor internal controls and a large number of bad loans and other assets. Enterprise, a minority-owned thrift, will remain open under normal hours, with deposits insured up to the legal limit of $100,000. The federal Resolution Trust Corp., the agency cleaning up the savings and loan debacle, will run the thrift. Enterprise had $13.5 million in loans and other assets as of March 31.