BREA, Calif - UnionFed Financial Corp. said the Office of Thrift Supervision had approved the amended capital plan submitted by the company's Union Federal Bank.

The amended plan calls for the bank to reach 4% core and 8% risk-based capital ratios by next March 31 and 5% core and 10% risk-based ratios by the middle of next year.

On June 30 the core capital ratio was 2.9% and its risk-based capital ratio 5.2%, levels that exceeded the targets for that date in the original capital plan.

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