Gibraltar comments on FHLBB actions. (Gibraltar Financial Corp., Federal Home Loan Bank Board)

PR Newswire | May 15, 1989 | Copyright

GIBRALTAR COMMENTS ON FHLBB ACTIONS

BEVERLY HILLS, Calif., May 15 /PRNewswire/ -- Gibraltar Financial Corporation (NYSE: GFC) ("Gibraltar") today announced yet another in a series of unpredictable, and in the opinion of Gibraltar's management, shocking and irresponsible acts by government regulators in their dealings during recent months with Gibraltar and its two savings associations, Gibraltar Savings and Gibraltar Savings Bank, F.A. (the "Associations"). On March 31, 1989, without notice, warning or any prior discussion with any representative of Gibraltar or ...

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