Valley Federal Sells Unit: Valley Federal Savings...
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Valley Federal Sells Unit: Valley Federal Savings & Loan Assn., Van Nuys, sold its mortgage banking unit, All Valley Mortgage Co., for about $7 million. The buyer was Herbert Tasker, an investor with mortgage banking experience in California. The sale is part of Valley Federal’s effort to bolster its sagging finances. The thrift, with $3.4 billion in assets, lost $3 million last year.
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