BANKING & FINANCE - Dec. 24, 1991

Keating Posts Bail: Former Lincoln Savings & Loan owner Charles H. Keating Jr. posted bail Monday and will be released, but his son remains jailed following a hearing at which the judge refused to lower his bond, attorneys said. One of Keating’s sons-in-law, Thomas Mulhern, posted the final $14,000 of a $300,000 bail amount required to free the man recently convicted of fraud in a state court for his role in duping customers of the disintegrated thrift. The bail was promised too late for paperwork to be completed for Keating’s release Monday night but he is set to be released from the Metropolitan Detention Center today. Keating and his son, Charles Keating III, indicted and jailed on federal racketeering and fraud charges, were denied further bail reductions. U.S. District Judge Mariana Pfaelzer said she would not reduce either bail and noted that at an earlier hearing she had already “let everyone speak” and “looked at all the facts.”