Thrifts Raised $511 Million in Conversions

WASHINGTON -- Forty-three thrifts converting to the stock form of ownership raised $511.4 million through public offerings in the first three quarters of 1991, the Office of Thrift Supervision said.

In 1990, 69 thrifts converted and gained $774.4 million in tangible capital; 35 raised $351.4 million that way in 1989.

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.