= Subscriber content; or subscribe now to access all American Banker content.

First of America to slash 9% of staff, take $8M charge.

DEC 27, 1994 2:00am ET

Struggling First of America Bank Corp. said it would reduce its work force by 9% and overhaul its balance sheet, taking an $8 million pretax charge in the fourth quarter.

To continue, please or subscribe
FREE 14-DAY
TRIAL
  • Full access to banking's most comprehensive daily report
  • Daily, weekly, and topic-based newsletters and alerts
  • Award-winning analysis and insight, focused on bankers' key concerns
No credit card needed
SUBSCRIBE
NOW
All subscription content plus:
  • Bimonthly industry research reports (including archive)
  • Morning Scan Plus e‑newsletter
  • Full access to 2016: The Candidates, the Issues
Have an account?
SIGN IN HERE
Remember me