SAN FRANCISCO -- California Federal Bank, which is in the final stages of executing a strategic plan, reported second-quarter earnings of $6.6 million, compared with a $45.5 million loss in the same period last year.

The Los Angeles-based thrift's profit was its first in more than a year.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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