First Alliance Corp., an Irvine, Calif., consumer finance firm, has withdrawn its bid to buy a Newport Beach, Calif., thrift, according to the Office of Thrift Supervision.

First Alliance agreed last June to buy Standard Pacific Savings for about $10 million in cash. Standard Pacific was to be renamed First Alliance Bank and begin offering credit cards in conjunction with a Los Angeles thrift.

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.