RTC to Sell Another 40 S&Ls;: The...
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RTC to Sell Another 40 S&Ls;: The U.S. Resolution Trust Corp. plans to put another 40 insolvent saving and loan institutions up for sale, executive director David Cooke said. The RTC, which is responsible for disposing of insolvent thrifts, Thursday released a list of nine institutions in seven states that would be sold. Cooke told the RTC board that a list of the latest 40 failed thrifts being offered to private bidders will be issued next week. There are about 286 insolvent thrifts now under federal control, including six whose sales are pending. The RTC has already sold or closed another 37 institutions.
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