Gibraltar Savings and Loan
 | This article includes a list of generalreferences,butit lacks sufficient correspondinginline citations.(May 2021) |
Gibraltar Savings and Loan Associationwas an Americanbankoperating inCalifornia,Washington,andFlorida.It was organized as asavings and loanand failed in 1989.
Overview
[edit]Its headquarters building at 9111Wilshire BoulevardinBeverly Hills,was built in 1958, designed byWilliam Pereira.
U.S. federal regulators seized assets of the bank in 1989.[1]Its assets included $13.4 billion and theLos Angeles Equestrian Center,later transferred to Del Ray, aBurbank-based development firm.[1][2]At the time, it was one of the largest insolvencies in U.S. history. It was later acquired bySecurity Pacific National Bank,then the fifth largest bank in the United States.[1]
References
[edit]- ^abcSecurity Pacific Wins Gibraltar Savings Bid,by Richard W. Stevenson,The New York Times,Thursday, June 28, 1990
- ^Horrace A. Laffaye,Polo in the United States: A History,MacFarland & Company, 2011, p. 230
- Two savings units with large losses taken over by U.S.New York TimesApril 1, 1989[1]
- Ex-Gibraltar S&L Chief Fixes Blame: Thayer Says Money Brokers Caused Liquidity ProblemsLos Angeles TimesApril 4, 1989[2]
- The Rock In Pieces: How Gibraltar Savings Made a Mess of Itself, Ending Up in the Hands of Federal RegulatorsLos Angeles TimesApril 16, 1989[3]
- Gibraltar To Sell Off PortfolioNew York TimesJune 3, 1989[4]
- Gibraltar Thrifts' Loss Hits $337.5 Million in QuarterLos Angeles TimesAugust 26, 1989[5]
- Drexel's Junk Network: U.S. Says the Firm Had Some Local S&Ls on Very Sweet StringsLos Angeles TimesNovember 16, 1990[6]
- RTC Files Suit Against Nine Ex-Officials of Gibraltar Savings AP News Archive October 2, 1992[7]
  | Thisbankandinsurance-related article is astub.You can help Wikipedia byexpanding it. |