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Bureaucracy Could Stall Morris Plan FSLIC Approval
Morris Plan Co and its parent MorAmerica Corp filed for Chapter 11 protection, freezing 18 000 depositors. FSLIC review could take nine to twelve months or longer as regulators evaluate liability and asset quality. State Security Savings of Lincoln Neb faced a similar delay from 1983 to 1985 before FSLIC coverage.
MENTIONED IN THIS ARTICLE
George C. Ford
Wente
State Security Savings of
Lincoln
Neb
Nancy Ossenkop
State Security
Commonwealth Savings of Lincoln
Commonwealth
Ossenkop
Savings and Loan
FSLIC
Topeka
Kan
Morris Plan
Ken Hake
State Security Savings
Green
Morris