Big California thrifts may soon be the targets of a takeover wave, according to analysts who follow the market.

Bolstered by a recovering economy and aggressive restructuring programs, large thrifts in the state are now solidly in the black, reversing big losses suffered earlier in the 1990s. Big-bank acquirers may see a thrift acquisition as a quick way to expand in the state. Once a deal happens, a wave of buying could ensue.

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