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Goldome under federal management

The insolvent Goldome Savings Bank in St. Petersburg, one of the nation's most troubled thrifts, was closed Friday evening by federal regulators. Goldome immediately was reopened as a new mutual savings association named Goldome Federal Savings Bank. The new thrift will maintain normal business hours and operations at its 37 branches in Pinellas and Pasco counties under the management of the Resolution Trust Corp. (RTC), a federal agency.

Depositors are unaffected, with all deposits transferred to a newly chartered thrift. There are no changes in insurance coverage, interest rates on savings accounts and certificates of deposit or maturities, said RTC spokeswoman Andrea Plater, who was on hand Friday evening at Goldome's headquarters at 2100 66th St. N.

The takeover by the federal regulators ends a lengthy period of problems at Goldome. The Florida thrift had $1.5-billion in assets and lost $613,000 in the first quarter of this year. Its net worth had fallen into the red by $114.6-million.

Once stabilized by the RTC, Goldome will be put up for sale.

The RTC on Friday appointed Henry R. Thiemann as its managing agent to oversee Goldome.

Thiemann, who said he has 25 years in the thrift and mortgage banking business, recently was managing agent for the RTC's Gold Coast F.S.B. in Plantation.

In the mid-1980s he served various senior positions with the now-defunct Numerica Financial Services Inc., a Clearwater-based mortgage banking subsidiary of Numerica Financial Corp. of Manchester, N.H.

Thiemann, 45, replaces Goldome chairman Thomas Cooper.

Goldome's president, Donald F. Doiron, will remain at the thrift to assist Thiemann, Plater said.

Other senior executives met Friday evening with Thiemann to determine who would be rehired. All were retained.

Most other Goldome employees also will remain with the institution, Plater said.

As Goldome's seizure took place in Florida, the thrift's parent company in Buffalo, N.Y., was seized by the Federal Deposit Insurance Corp. and divided between two upstate New York competitors in the most expensive savings-bank collapse in the nation's history.

Branches in New York state were closed at 3 p.m., some as much as five hours early, to prepare for the takeover by KeyCorp and First Empire State Corp. Goldome in Florida was not included in the New York deal. Regulators said its deterioration was compounded by the inability of its parent to provide financial support.

The St. Petersburg thrift thus joins a number of large thrifts in the area that are wards of the federal government but are still open to the public.

Most notable is Florida Federal Savings Bank in St. Petersburg, with more than $2-billion in assets, which the RTC is actively trying to sell. Another large thrift in Clearwater, Pioneer Federal Savings Bank, was sold by the RTC in March to Great Western Bank, a California-based savings institution.

_ Information from the Associated Press was used in this story.

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