Article View: ca.general
Article #22396Re: Security Pacific merging w/ BofA?
From: Steven Linke
Date: Sat, 28 Mar 1992 03:01
Date: Sat, 28 Mar 1992 03:01
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1578 bytes
In article <19105@aggie.ucdavis.edu> ez001099@hamlet.ucdavis.edu ('Louie Louie') writes:
>Is Security Pacific really going to be merging with Bank of America
>in a few months? Does anyone have any info on this? (I have a savings
>and checking account at BofA, and I'm naturally concerned).
Yes, the Federal Banking Commission (or something like that)
approved the merger, which was the last hurdle so the deal is
completed. You (and I since I bank with Security Pacific) have
reason to be concerned. Mainly, because they will be closing
hundreds of branches to consolidate their business. Also, Security
Pacific lost some $700 million last year, so Bank of America will be
picking up a lot of debt presumably. We'll just have to see how
high the quality of service is maintained.
--
Steve Linke
University of California - San Diego
La Jolla, CA
Internet: slinke@sdcc3.ucsd.edu
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 106ed4,42e9c5117cf8ddd2 X-Google-Attributes: gid106ed4,public X-Google-ArrivalTime: 1992-03-27 19:01:36 PST Path: arc1-ca.pugleaf.net!sparky!uunet!spool.mu.edu!agate!dog.ee.lbl.gov!network.ucsd.edu!sdcc12!sdcc3!slinke From: slinke@sdcc3.ucsd.edu (Steven Linke) Newsgroups: ca.general Subject: Re: Security Pacific merging w/ BofA? Message-ID: <31044@sdcc12.ucsd.edu> Date: 28 Mar 92 03:01:36 GMT Article-I.D.: sdcc12.31044 References: <kDH0HB3w165w@midiline.la.ca.us> <19105@aggie.ucdavis.edu> Sender: news@sdcc12.ucsd.edu Organization: University of California, San Diego Lines: 20 Nntp-Posting-Host: sdcc3.ucsd.edu