S&L; Expansion: Citizens Thrift & Loan said...

S&L; Expansion: Citizens Thrift & Loan said it has acquired a $40-million loan portfolio from federal regulators who are liquidating a failed thrift and loan that they seized earlier this year. Citizens, with $100 million in assets, acquired the portfolio of North American Thrift & Loan in Corona del Mar from the Federal Deposit Insurance Corp. Citizens, based in Orange, has four branches in Orange County and two in Northern California.