SAN FRANCISCO -- First Nationwide Financial Corp., Ford Motor Co.'s thrift holding company, reported a $44 million loss for the first quarter, compared with a $17 million deficit in the year-ago period.

During the most recent quarter, Ford reached an agreement to sell its San Francisco-based First Nationwide Bank thrift unit to Texas banker Gerald J. Ford and financier Ronald O. Perelman for approximately $1.1 billion.

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