Royal Trustco Ltd. Agrees to Cut Its Stake in Glenfed
- Share via
Royal Trustco Ltd., the parent of the insolvent thrift Pacific Savings Bank, agreed with the U.S. Office of Thrift Supervision to reduce to less than 5% its stake in Glenfed Inc., the Glendale-based parent of Glendale Federal Bank. Royal Trustco holds about 9.5% shares of Glenfed stock.
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.
