Costa Mesa : Home Builder Acquires Gardena-Based Thrift
Standard Pacific, L. P., a Costa Mesa-based residential home-building firm, has acquired South Bay Savings & Loan Assn. of Gardena, the Federal Home Loan Bank Board announced Friday.
Standard Pacific, which is a publicly held limited partnership with $312.8 million in assets, will operate its newly acquired subsidiary as a federal stock association known as Standard Pacific Savings, F.A. Prior to the acquisition, South Bay Savings was a $62.5-million, state-chartered stock association with branches in Costa Mesa and Newport Beach.
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