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Non-Tech : Banking Plays: LT and ST -- Ignore unavailable to you. Want to Upgrade?

To: lazarre who wrote (18)	11/9/1998 8:47:00 AM
From: Lynn	Read Replies (1) \| Respond to of 32

Okay, Lazarre, Bob's posting then your reply prompts me to ask a question I have scratched my head over for a long time: What is the difference between a S&L and a 'bank?' When I was a teen-ager I asked my mother one day when passing a S&L in the car and her answer was satisfactory at the time: S&L's do not have trust departments. Admitting ignorance, is this the major difference? One reason I am interested in finally getting a grasp on what S&Ls are and how they differ from banks has to do with consolidation within the banking industry. Here are a few questions directly related to this consolidation: 1. Do big guys like First Union or Nations only buy banks or do they also buy S&Ls to expand their territory? 2. On the smaller level, would a bank like Sovereign buy a S&L? 3. As the banking industry consolidates, are S&Ls gaining market share as customers [people like you and me] go shopping for a new 'bank,' one considered locally rather than foreign based [a situation taking place in some areas of PA where First Union took over Corestates]? I do not know anyone who uses a S&L for their banking, have never set foot in one, but occasionally hear about a 'bank' that is actually a S&L [such as in your posting, Bob]. If there is anything written I can read to make sense of things, please point me to it. Lynn P.S. Why are they also called "Thrifts?"