BANKING & FINANCE - Aug. 28, 1992
From Times Staff and Wire Reports
California Federal Bank Plan Approved: The Los Angeles thrift said regulators with the Office of Thrift Supervision formally approved a plan designed to boost the thrift’s capital by June 30 to strict targets previously agreed to. The approval, which had been expected, allows the thrift’s parent, Calfed Inc., to proceed with plans for an exchange offer for $125 million in convertible debt, an offer considered critical to its plan to boost its capital levels.
