BANKING & FINANCE - July 13, 1991
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From Times Staff and Wire Reports
B of A Buys Failed Texas Thrift: The San Francisco banking firm paid the federal Resolution Trust Corp. $12.8 million for the deposits and some assets of Commerce Federal Savings Assn. in San Antonio. BankAmerica has been expected to start buying failed Texas thrifts after it established a legal toehold in the state with the purchase of a small Houston bank in May. BankAmerica said it acquired $775 million in deposits and $29 million in assets such as cash and loans secured by deposits.
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