Sale of San Diego Thrift Put Off:...
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From Times Staff and Wire Reports
Sale of San Diego Thrift Put Off: The sale of Imperial Federal Savings will probably be delayed until the second quarter because of congressional squabbling over how to fund the next stage of the thrift’s bailout. The Senate and House passed compromise bills this week, but a federal spokesman said it is unlikely that Imperial could be sold until after April 1. Imperial, once one of the nation’s largest S&Ls;, was seized by regulators in February, 1990, and its 78 California branch offices were placed on the block.
