Deliverance for California's suffering small thrifts might be at hand in the form of a crowd of ready buyers waiting for Congress to act on thrift deposit insurance.

A rush on the Golden State's 51 savings and loans with less than $500 million in assets is just around the corner, according to one analyst. All that's holding up a flurry of acquisitions is the status of the Savings Association Insurance Fund, currently being debated by Congress.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.