BANKING/FINANCE
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Compiled by James S. Granelli, Times staff writer
Federal regulators have paid out two-thirds of the record $1.35 billion due depositors at two insolvent Costa Mesa savings and loans that were closed nine days ago.
Working around the clock, regulators have issued 10,052 checks totaling $901.9 million in the first week of refunds to former depositors at American Diversified Savings Bank and North America Savings & Loan.
Regulators are returning deposits within 20 minutes to depositors who appear in person and within 24 hours to depositors who file claims by mail.
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