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INTERNATIONAL SAVINGS BANK ACQUIRES CHULA VISTA BRANCH OF FAR WEST SAVINGS

 INTERNATIONAL SAVINGS BANK ACQUIRES
 CHULA VISTA BRANCH OF FAR WEST SAVINGS
 SAN DIEGO, March 20 /PRNewswire/ -- International Savings Bank announced today the acquisition of the deposits of the Chula Vista, Calif. branch of Far West Savings. Selling the branch deposits was the Resolution Trust Corp.
 Located at 380 Third Ave. in Chula Vista, the branch has approximately $40 million in deposits. With the acquisition, International Savings Bank now operates four branches in San Diego County.
 "Our strategy is to have a retail presence in San Diego County's key markets," said Vince Siciliano, president of International Savings Bank. "Chula Vista and its neighboring communities are strong and growing -- an ideal environment in which to expand our retail base. We look forward to serving the needs of these additional communities."
 International Savings Bank, headquartered in San Diego at Friars Road and Highway 163, is the county's second largest savings-and-loan with assets of $318 million. Founded in 1984, it operates branches in Chula Vista, La Jolla, Mission Valley and Rancho Bernardo, Calif. International Savings Bank exceeds all capital ratio requirements.
 -0- 3/20/92
 /CONTACT: Vince Siciliano, president of International Savings Bank, 619-692-2880/ CO: International Savings Bank; Far West Savings; Resolution Trust
 Corp. ST: California IN: FIN SU: TNM


KJ-EH -- SD003 -- 0313 03/20/92 21:00 EST
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Publication:PR Newswire
Date:Mar 20, 1992
Words:215
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