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Merger talks link S&Ls in marriage of profitability: several common elements lead to spate of speculation. (California Federal Bank, Glendale Federal Bank and Coast Federal Bank) (Special Report: Banks & Finance)
From:
Los Angeles Business Journal
| Date:
May 13, 1991| Author:
Tobenkin, David
| COPYRIGHT 1991 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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Merger talks link S&Ls in marriage of profitability
Several common elements lead to spate of speculation
California Federal Bank, Glendale Federal Bank and Coast Federal Bank, three of the largest S&Ls in the country, share enough in common to lead several analysts of their stock to suggest a marriage between any two of them might be beneficial to them and their stockholders.
"The outlook would be better for both because of potential cost savings,...