BANKING & FINANCE - April 22, 1994
From Times Staff and Wire Reports
Glendale Federal Puts Florida Branches Up for Sale: The thrift said it will dispose of the 60 branches, with $3.6 billion in deposits, to focus on its core California market. The planned sale will delay the release of third-quarter earnings until the second week of May, when the transaction is expected to be completed and result in an unspecified write-off of goodwill value. Before the write-off, the company expects a pretax loss of about $20 million for the quarter.
