Detailed Instructions: In this task, you need to write an incorrect answer to the given question. Along with the question, you are also given the correct answer(s) and the associated paragraph. An incorrect answer should be closely related to the content of the paragraph and/or the question but will not truthfully answer the question. Your incorrect answers should be similar to the given correct answer such that it will pose a challenge for students to distinguish the two. A good incorrect answer should prevent those who skip the paragraph from answering the question. The incorrect answer should not be trivial, in the sense that they should not be easily eliminated without reading the paragraph.
Q: Paragraph- Sent 1: William C. Walbrecher Jr., an executive at San Francisco-based 1st Nationwide Bank, was named president and chief executive officer of Citadel Holding Corp. and its principal operating unit, Fidelity Federal Bank.
Sent 2: The appointment takes effect Nov. 13.
Sent 3: He succeeds James A. Taylor, who stepped down as chairman, president and chief executive in March for health reasons.
Sent 4: Edward L. Kane succeeded Mr. Taylor as chairman.
Sent 5: Separately, Citadel posted a third-quarter net loss of $2.3 million, or 68 cents a share, versus net income of $5.3 million, or $1.61 a share, a year earlier.
Sent 6: The latest results include some unusual write-downs, which had an after-tax impact of $4.9 million.
Sent 7: Those included costs associated with the potential Valley Federal Savings and Loan Association acquisition, which was terminated on Sept. 27, 1989.
Sent 8: In addition, operating results were hit by an increase in loan and real estate loss reserves.
Sent 9: In American Stock Exchange composite trading, Citadel shares closed yesterday at $45.75, down 25 cents. 
Question: What bank was the potential acquisition and what quater was the loss associated with this reported?.
A:
San Francisco-based 1st Nationwide Bank, 1st quarter.