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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 ...
American Savings and Loan; ... Farmers and Merchants Bank of Los Angeles; ... Greenwich Savings Bank; Guaranty Bank (Texas) Guaranty Bank (Wisconsin) ...
The savings and loan crisis of the 1980s had many causes, and like most financial meltdowns, it also had many attempted solutions. One of the earliest attempted solutions for this bubbling The ...
Charles Edwin Hurwitz (born 1940) is an American businessman and financier known for his role in the 1980s savings and loan crisis, and his takeover of Pacific Lumber Company, a logging company active in Humboldt County, California.
But more than 1,000 so-called savings & loans -- banks specifically set up to lend out their deposits to people buying houses -- failed in the late 1980s and early 1990s due to a change in ...
In the 1970s, toward the tail end of a lengthy period of expansion and acquisition, Republic acquired the Houston National Bank and held a substantial portfolio of loans to the real estate industry in Texas. [1] In the late 1980s Savings and Loan crisis, Texas in general and Republic's loan portfolio in particular were hit hard by real estate ...
List of largest bank failures in the United States - Wikipedia