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Double Bottomline Corp. ("DB") and Evan M. Stone have reached a definitive agreement with Community Savings Bancorp, Inc. (OTC: CCSB), and its wholly-owned subsidiary, Community Savings, a federal savings and loan association, to acquire Community Savings Bancorp, Inc. ("CCSB"), the registered savings and loan holding company for Community Savings. ....
The Office of the Prosecutor General filed charges on Sunday against seven people and two businesses in a criminal case in which an investigation was conducted into suspected investment fraud and embezzlement by the founder and managers of Estonian savings and loan association Erial. According to the statement of charges, the founder of Erial, Ilya, and a member of the management board, Daniela, and the company Delkona OÜ committed investment fraud and presented false information about the activities of Erial. Depositors and the public were misled about the real financial situation of the association, including for the purpose of attracting new deposits and issuing larger loans. ....
Institutions. the worst financial crisis in ohio history, a situation called the worst banking crisis in the u.s. since it the depression. the deregulatory climate invested only in mortgages were free to invest in anything they wanted. what happened was the s and l industry got taken over sbi entrepreneur who saw them as piggy banks. saddled with bad loans, the owner lived a life of private jets, yachts and mansions. they took risks that should have been for a banker. it ultimately went belly up. quiet down. i m going to disburse the whole bunch. this was the third day of the old savings and loan association. ....
Association. i have no choice, we have to close. i don t think it s right. it s our money. this year, a record 260 banks will go bust. that s almost 800 in the past five years. bad loans to the third world. bad loans to the oil industry. bad loans to real estate developers. one of the reasons bankers made outrageous loans was because of federal deposit insurance. if the loan went well, you rake in the profit. if the loan went poorly, then the federal government picks up the tab. with deregulation, the s&ls got into that commercial real estate market and lost their shirt. all over the united states, people were building projects for which there were no buyers, mile after mile of these partially completed condos. and they re all on the s&l s books. there s something wrong about the savings and loan industry today, and it isn t me. charles keating was a lawyer who got into banking and was able to buy a savings and loan. ....
they re faced with the dilemma of solving the worst financial crisis in ohio history, the situation that s being called the worst banking crisis in the u.s. since the depression. the deregulatory climate, savings and loans which had traditionally invested only in mortgages, were free to invest in pretty much anything they wanted. the entire s & l industry got taken over by a bunch of entrepreneurs who saw them as piggy banks. vernon savings was shut down and saddled with $1.3 billion in bad loans. the owner lived a life of private jets and mansions. they took risks that should have been untenable for a banker. when it all went down, the entire industry went belly-up. get in line. quiet down! i m going to disperse the whole bunch of you. this was the third day on the run on the savings and loan ....