SAN FRANCISCO -- In a result that included a one-time charge from the sale of its Florida operations, Glendale Federal Bank reported a $144 million first-quarter loss, compared with earnings of $45.2 million for the same period a year ago.

As previously reported, the loss in the most recent quarter reflected a $136.2 million write-off of goodwill and other assets associated with Glendale Federal's agreement to sell 60 Florida branches and $3.6 billion in deposits to Barnett Banks Inc. for $243.5 million.

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