Citadel Holding Posts $14.7-Million Loss
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Citadel Holding Corp. in Glendale, citing lingering problems with foreclosed properties, reported a loss of $14.7 million for the third quarter, compared to a loss of $14.9 million in the same period a year earlier.
For the nine months ended Sept. 30, the holding company of Fidelity Federal Bank said its losses widened to $29.8 million, from a loss of $4.3 million in the nine-month period a year earlier.
Citadel said its total assets were $4.5 billion as of Sept. 30, down from $4.8 billion a year earlier.
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