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Article: Rocky Mountain Financial acquires last two insolvent Wyoming thrifts. (Rocky Mountain Federal Savings and Loan Association, United Savings Bank of Wyoming) (includes fact sheet on Rocky Mountain Federal)
- Article from:
- PR Newswire
- Article date:
- December 19, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. 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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ROCKY MOUNTAIN FINANCIAL ACQUIRES LAST TWO INSOLVENT WYOMING THRIFTS
WASHINGTON, Dec. 16 /PRNewswire/ -- Rocky Mountain Fianancial Corp., a newly formed holding company, today acquired insolvent Rocky Mountain Federal Savings and Loan Association and United Savings Bank of Wyoming, FSB, both located in Cheyenne, Wyo., with an investment of $21.3 million in cash.
These were the last two insolvent thrifts in Wyoming and the 156th and 157th troubled thrifts resolved by the Federal Home Loan Bank Board so far this year compared with 48 in 1987.
To facilitate this transaction, the Federal Home Loan Bank Board approved the supervisory ...