Roosevelt buys 17 Ahmanson branches.

November 10, 1993, 2:00 a.m. EST 1 Min Read

ST. LOUIS - Roosevelt Financial Group Inc. has completed the purchase of 17 branches of Home Savings of America, a unit of H.F. Ahmanson & Co.

In a press release, the company said the branches, with deposits totaling $750 million, comprise all of Home Savings' branches in eastern Missouri.

Terms were not disclosed.

Roosevelt said branch consolidation opportunities with its existing branch network will allow it to service the new customers and deposits it acquired from Home Savings with only 12 additional facilities.

MORE FROM AMERICAN BANKER

Consumer banking

20 banks and thrifts with the most assets

The top five banks and thrifts have combined total assets of nearly $13 trillion.

Just now
Investment banking

Truist gets an earnings boost from its investment banking unit

After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.

By Allissa Kline

11h ago
Regulation and compliance

Security, trading, supervision among open issues at Fed, audit finds

The Federal Reserve's Office of the Inspector General says the Fed has yet to fulfill 65 recommendations, and also identified 18 outstanding issues at the Consumer Financial Protection Bureau.

By Kyle Campbell

April 22
Payments

JPMorgan Chase's plan for face and palm payments

The bank will use biometric authentication to streamline checkout in stores starting in 2025. It has already completed internal and external pilots of the technology.

By Robin Arnfield

April 22
Elder fraud

Strangers, family defrauding seniors at an alarming rate: Fincen

Banks reported nearly $27 billion had been tied up in scams or theft against elderly people in a recent 12-month period, according to a report from the U.S. Treasury.

By Carter Pape

April 22
TBTF

FDIC says it can resolve GSIBs. For the market, seeing is believing.

The Federal Deposit Insurance Corp. says it's ready to wind down the global systemically important banks. But until that happens, many in the banking industry are skeptical that regulators have actually developed a workable strategy to end "too big to fail."

By Ebrima Santos Sanneh

April 22