Savings and loans must diversify from their traditional home-finance focus to survive into the new millennium, according to speakers at a recent mortgage conference here.

One attraction of the thrift charter-and a hot topic of debate in Washington now-is that it "does mix banking and commerce," said Rick McGill, president and CEO of Quaker City Federal Savings and Loan Association in Whittier, Calif. Quaker City specializes in multifamily and commercial real estate loans.

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.