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Vernon Savings and Loan (Dallas, TX), led by Don Dixon, which on resolution had 94 percent of loans non-performing; and; Columbia Savings and Loan (Beverly Hills, CA), led by Thomas Spiegel, was closed in January 1991 at the cost of $3.25 billion. [87] Especially publicized was the insolvency of Lincoln Savings and Loan Association, led by ...
In 1984, Gibraltar Savings was acquired by First Texas Financial Corporation. FTFC, which had acquired First Texas Savings Association in Dallas in 1982, was controlled by nursing home developer J. Livingston Kosberg. [3] An investor in FTFC was lawyer and political power broker Robert S. Strauss, who owned 10% of the stock. His son, real ...
This category contains articles related to the savings and loan crisis (1986-1995) in the United States. Pages in category "Savings and loan crisis" The following 37 pages are in this category, out of 37 total.
Mandatory Credit: Photo by Jacob Harris/AP/Shutterstock (6645037a)Neighborhoods; main street Exterior of the Metropolitan Savings and Loan Association at 7520 Metropolitan Ave. 1950s: Bank Holding ...
While most of us were alive 20 years ago, peoples' memories of the savings and loan crisis of the early 1990s have faded. But more than 1,000 so-called savings & loans -- banks specifically set up ...
On this day in economic and business history... The savings and loan crisis of the 1980s had many causes, and like most financial meltdowns, it also had many attempted solutions. ... 800-290-4726 ...
McCall in 1972. David B. McCall Jr. (March 31, 1924 – February 17, 2004) was an American banker and politician who served as the Mayor of Plano, Texas, from 1956 to 1960.In his business career, McCall founded and served as the CEO of the Plano Savings and Loan Association for over 25 years before its collapse in 1989.
The U.S. savings and loan crisis of the 1980s and early 1990s was the failure of 747 savings and loan associations in the United States. The ultimate cost of the crisis is estimated to have totaled around $160.1 billion, about $124.6 billion of which was directly paid for by the U.S. federal government. [1]