Security Pacific Corp.
Security Pacific Corp.
Security Pacific Corp., the parent company of Security Pacific National Bank, has acquired certain assets and liabilities of Huntington Huntington.
1 City (1990 pop. 16,389), seat of Huntington co., NE Ind.; inc. 1848. It is a farm trade center and an industrial city. Manufactures include automotive parts, machinery, construction materials, food and beverages, cleaning agents, Beach-based Mercury Federal Savings and Loan Association Federal Savings and Loan Association
An institution chartered by the federal government whose primary function is to collect savings deposits and to provide mortgage loans. . Security Pacific will assume $1.4 billion in deposits from the RTC-held savings and loan savings and loan n. a banking and lending institution, chartered either by a state or the Federal government. Savings and loans only make loans secured by real property from deposits, upon which they pay interest slightly higher than that paid by most banks. in exchange for $44.4 million deposit premium. Security Pacific will also acquire $340 million in loans from Mercury.
COPYRIGHT 1990 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1990, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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