Downey Financial Corp.: The Newport Beach parent...
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Downey Financial Corp.: The Newport Beach parent company of Downey Savings & Loan Assn. reported a net loss for the third quarter of $6.5 million, or 39 cents a share, which it attributed to a one-time fee of $24.6 million for an assessment being charged to all institutions insured by the Federal Deposit Insurance Corp. For the third quarter last year, net income totaled $5.4 million, or 31 cents a share. Net income for the first nine months of 1996 was down 6% to $12 million, or 70 cents a share, from $12.8 million, or 75 cents a share. Total assets as of Sept. 30 were nearly $5 billion, up 6% from the $4.7 billion recorded a year earlier.
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