Bank of A. Levy Buys Midwest Savings Deposits
- Share via
Bank of A. Levy in Ventura said it bought the deposits of Midwest Savings Assn.’s two offices in Fillmore and Orange County for $725,000.
The bank bought the $58 million of deposits from the Resolution Trust Corp., the federal agency that is liquidating insolvent savings and loan associations. Midwest Savings is based in Minneapolis.
Bank of A. Levy, with $680 million in total assets, has 21 branch offices including one in Fillmore. The 108-year-old bank previously has said it will pursue acquisitions to increase its growth.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
