SAVINGS ACUISITION IN CALIFORNIA ANNOUNCED
The Federal Home Loan Bank Board
(FHLBB) announced the acquisiton of South Bay Savings & Loan
Association in Gardena, Calif., By Standard Pacific Savings of
Costa Mesa, Calif.
    The FHLBB said South Bay had assets of 62.5 mln dlrs and
Standard Pacific had 312.8 mln dlrs in assets.
    It was the fourth federally-assisted merger or acquisition
of a troubled savings institution this year, the FHLBB said.
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