Spotlight: Dallas Firm to Acquire Citizens Thrift
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The fast-growing Dallas firm that operates FirstPlus finance company jumped into the California market by agreeing to acquire Citizens Thrift & Loan in a stock swap valued at $25 million to $30 million. RAC Financial Group Inc., which uses quarterback Dan Marino as its spokesman, said it plans to expand throughout California. The deal must be approved by regulators and by shareholders of Citizens’ parent company, Western International Bancorp of Newport Beach.
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