The government agreed Friday to spend $41.4 million to settle a regulatory goodwill suit brought by Dollar Bank, Pittsburgh.

The Federal Savings and Loan Insurance Corp. persuaded the mutual savings bank in 1984 to acquire the ailing Continental Federal of Cleveland by promising to let it count $191 million in regulatory goodwill as capital.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.