Great American Lost $76.4 Million in ’91

Great American Federal Savings Bank ended the year with two profitable quarters in the hands of government liquidators but showed a net loss of $76.4 million for 1991.

Great American earned $23.1 million for the three months ending Dec. 31, according to a financial report to the Office of Thrift Supervision. The profit came largely because regulators sold almost $28 million in assets, a bank spokesman said.