ROCHESTER, N.Y. -- Rochester Community Savings Bank, a $3.8 billion-asset thrift that has been the subject of takeover rumors, said Wednesday that it lost $72.7 million, or $5.37 a share, in its third fiscal quarter, which ended Aug. 31.

The company said the loss reflected a previously announced plan to accelerate sale of most of its nonperforming commercial real estate in an effort to rebuild its profitability and avoid takeover. The company said it sold $121 million of problem assets during the quarter, leaving it with $155.2 million of nonperformers representing 4.1% of total assets. At the end of its fiscal second quarter, nonperformers represented 7.0% of total assets.

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