GLENDALE, Calif. -- Citadel Holding Corp., the parent of Fidelity Federal Bank, reported a net loss of $14.7 million for the third quarter, versus a $14.7 million for the third quarter, versus a $14.9 million a year earlier.

Citadel, which has $4.5 billion of assets, said the loss resulted primarily from the continued high cost of managing problem assets. Operating expenses for foreclosed real estate were $6.4 million, up from $4.4 million in the second quarter and $1.3 million in the third quarter of 1992.

For the first nine months, Citadel lost $29.8 million, compared with a loss of $4.3 million in the same period last year.

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