Westside S&L; Takes Over Viking: Westside Savings...

Westside S&L; Takes Over Viking: Westside Savings & Loan announced that it has taken over one-branch Viking Savings & Loan, a troubled Santa Monica thrift that has been run by a conservator for the past month. Westside, a one-branch thrift based in Los Angeles, will pay Viking shareholders $370,130. The figure is based on a price of 71 cents per share of stock plus a $100,000 premium. The California Department of Savings and Loan had assumed control of Viking on March 8 after it had been designated a “troubled” thrift by federal and state regulators.