Printer Friendly

CONTINENTAL SAVINGS OF AMERICA ANNOUNCES PLANS TO MAKE OFFERING OF PREFERRED STOCK

 CONTINENTAL SAVINGS OF AMERICA ANNOUNCES PLANS
 TO MAKE OFFERING OF PREFERRED STOCK
 SAN FRANCISCO, April 3 /PRNewswire/ -- Continental Savings of America (NASDAQ: CSAV) announced today that it plans to make an underwritten public offering of up to 3,500,000 shares of convertible preferred stock. The offering is expected to be made in May 1992 and will be made only by means of an offering circular. Continental Savings plans to use the net proceeds to increase net worth and regulatory capital and for general corporate purposes. The final decision to proceed with the offering will be subject to approval by the Continental Savings' board of directors.
 Continental Savings is a federally chartered stock savings and loan association that operates six savings branches and five loan offices in the City of San Francisco and its surrounding communities as well as three loan offices in the greater Los Angeles area.
 -0- 4/3/92
 /CONTACT: Ralph Christy of Continental Savings, 415-274-3000/
 (CSAV) CO: Continental Savings of America ST: California IN: FIN SU: OFR


DG -- SF003 -- 4725 04/03/92 09:04 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 3, 1992
Words:180
Previous Article:POPULAR MECHANICS RATES SAAB 900 FOR BEST SERVICEABILITY IN 14-CAR COMPARISON
Next Article:NINTENDO HITS THE ROAD WITH SUPER POWER '92; SUPER SCOPE 6 MALL TOUR IN APRIL AND MAY


Related Articles
CONTINENTAL SAVINGS OF AMERICA FILES FOR PUBLIC OFFERING OF PREFERRED STOCK
CONTINENTAL SAVINGS COMPLETES RECAPITALIZATION PLAN, ANNOUNCES 1992 EARNINGS AND FIRST CASH DIVIDENDS ON COMMON AND PREFERRED SHARES
RUSSIAN ENTREPRENEURS IN SAN FRANCISCO FOR INTERNSHIP WITH CONTINENTAL SAVINGS
CONTINENTAL SAVINGS OF AMERICA ANNOUNCES EARNINGS FOR THE PERIOD ENDED MARCH 31, 1993
CONTINENTAL SAVINGS OF AMERICA ANNOUNCES CASH DIVIDENDS ON ITS COMMON SHARES AND ITS PREFERRED SHARES
CONTINENTAL SAVINGS OF AMERICA ANNOUNCES CASH DIVIDENDS ON ITS PREFERRED SHARES
CONTINENTAL BANKRATINGS ADDED TO RATING WATCH-UP; BANKAMERICA CORPORATION RATINGS REAFFIRMED
CONTINENTAL SAVINGS OF AMERICA ANNOUNCES EARNINGS FOR THE PERIOD ENDED MARCH 31, 1994
MICHAEL TALKOVSKY JOINS CONTINENTAL SAVINGS OF AMERICA AS VICE PRESIDENT-FINANCE
CONTINENTAL SAVINGS OF AMERICA ANNOUNCES DEPARTURE FROM NASDAQ STOCK MARKET

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters