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finance. Home
Federal's assets grew to $ 4 million within eight years. In 1983, it became a public company. It changed its name from Home Federal Savings and Loan to HomeFed Bank in 1989. That year, HomeFed achieved a company record $ 115.7 million in earnings.
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could increase by $ 250 million in the fourth quarter to a total of about $ 1 billion if the economy did not improve. At the time, it was the country's fifth-largest savings and loan with $ 19.1 billion in assets and 215 branches.
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The federal regulators took control of HomeFed in July 1992 when the company became insolvent. At that time, HomeFed was one of the largest savings and loan seized by the government. In
December 1993, the
161:"Bad Loans, Bad Blood : The Deadly Rivalry Between San Diego's HomeFed and Great American Savings Wasn't Just Business. For Their CEOs, It Was Personal"
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in 1934 with $ 7,500, including $ 2,000 of his own and $ 7,500 from friends. At the time, new federal legislation in the
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Kinsman, Michael (July 7, 1992). "Confiscation ends tradition for
Fletchers".
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Kinsman, Michael (May 8, 1991). "Wobbly 'House of
Fletcher' sank deep roots".
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In
November 1990, HomeFed warned federal regulators that its
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113:"RTC to sell most HomeFed assets to Great Western"
202:"HomeFed Corp.: The San Diego-based parent of..."
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227:"HomeFed Stock Off 25% on New Loan Concerns"
251:Kraul, Chris; Furlong, Tom (July 7, 1992).
36:Home Federal Savings and Loan Association
287:. The Associated Press. December 4, 1993
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16:American savings and loan association
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225:Johnson, Greg (November 21, 1990).
159:Salerno, Steve (December 8, 1991).
328:Defunct banks of the United States
89:List of largest U.S. bank failures
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200:Kraul, Chris (October 25, 1989).
111:McNary, Dave (December 3, 1993).
40:Home Owners' Loan Corporation Act
77:First Federal Bank of California
42:had created a new industry for
253:"Homefed Seized by Regulators"
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323:Companies based in San Diego
61:Resolution Trust Corporation
24:savings and loan association
187:The San Diego Union-Tribune
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318:Banks based in California
313:Banks established in 1934
281:"HomeFed's Branch Sale"
69:Home Savings of America
73:First Interstate Bank
63:sold 119 branches to
30:. It was founded by
52:non-performing loans
32:Charles K. Fletcher
285:The New York Times
65:Great Western Bank
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20:HomeFed Bank
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291:December 6,
262:December 8,
236:December 6,
210:December 6,
170:December 6,
119:December 6,
67:, eight to
307:Categories
95:References
71:, four to
28:San Diego
26:based in
83:See also
44:mortgage
115:. UPI
293:2020
264:2020
238:2020
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172:2020
121:2020
34:as
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