Transactions
Sep. 5, 2001
Jeffer Mangels: FIRSTFED COUGHS UP CASH FOR TWO SOUTH BAY BANKS
FirstFed Financial Corp. of Santa Monica, the parent company for First Federal Bank of California, has agreed to purchase Torrance-based Del Amo Savings and Redondo Beach-based Frontier Bancorp from City Holding Co. of Charleston, W.Va.
The deal, expected to close in the fourth quarter of 2001, calls for FirstFed to pay a total of $23 million in cash for the stock of both comp...
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