BANKING & FINANCE - July 30, 1994
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From Times Staff and Wire Reports
RTC Sells Five Guardian Branches: Home Savings of America said it bought the remaining branches of the failed Guardian Federal Savings Assn. of Huntington Beach from the Resolution Trust Corp. Home Savings paid a $1.8-million premium for the branches’ combined $87.4 million in retail deposits and also purchased $9.8 million of Guardian’s other assets. The five offices--in Huntington Beach, Long Beach, Rancho Mirage, Hemet and San Jose--will reopen Monday under the Home Savings banner.
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