BANKING
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From Times Staff and Wire Reports
RTC to Pay Golden State Federal Savings Bank Depositors: The Resolution Trust Corp. said it will immediately begin paying off the insured deposits of customers at tiny Golden State in Sherman Oaks because no suitable bids to take it over were received from potential buyers. The thrift has about 200 accounts worth a combined $3.6 million. Regulators also said Golden State Fed was officially shut down Friday, and that the closure will ultimately cost taxpayers about $1.7 million.
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