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CARTERET PINNING HOPES ON SURVIVAL
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Dan Woods, Record Staff Writer
The Record (Bergen County, NJ)
05-14-1992
CARTERET PINNING HOPES ON SURVIVAL -- EXPECTS TO RAISE $215M IN CAPITAL
By Dan Woods, Record Staff Writer
Date: 05-14-1992, Thursday
Section: BUSINESS
Edition: All Editions -- 5 Star, 4 Star, 3 Star, 2 Star, 1 Star
Carteret Savings Bank, which lost a federal court ruling that will
require a $150 million write-off, said Wednesday a warm welcome on Wall
Street leads it to believe it will almost certainly be able to raise
the $215 million in new capital it needs to survive.
If the Morristown-based thrift raises the money ...
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