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Article: Maumelle's lender slips into federal hands. (San Jacinto Savings Association of Houston, Texas)
- Article from:
- Arkansas Business
- Article date:
- December 10, 1990
CopyrightCOPYRIGHT 1990 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Maumelle's Lender Slips Into Federal Hands
Maumelle Co. watchers noticed last week that the Resolution Trust Corporation took over insolvent $3.5-billion San Jacinto S&L in Houston, Texas. That's the thrift where Jay DeHaven has his $9.5 million loan, and some observers wondered what the takeover's consequences would be.
Is DeHaven worried? No way.
"The last year or two they've (the RTC) been calling all the shots anyway," he says. DeHaven figures, if anything, things will be easier.