BANKING
From Times Staff and Wire Reports
BankAmerica Buys Hawaiian Thrift: The Federal Reserve has approved BankAmerica Corp.’s purchase of Hawaii’s largest thrift, owned by an investment group including former Treasury Secretary William E. Simon. BankAmerica, the nation’s second-largest banking company with $201 billion in assets, is acquiring the parent company of Honfed Bank of Honolulu, a profitable savings and loan with $2.6 billion in assets. The purchase of H. F. Holdings Inc., Honfed’s Marina del Rey-based parent, will give BankAmerica presence in a 10th state.
