Home Savings had applied for the switch before the law was enacted.
Home Savings, with assets of more than $39 billion, earned $202 million in 1988.
At Home Savings, they now hold just under 10 percent and have offered $20 a share for the remaining shares outstanding.
At Home Savings, though, it is no less than heresy.
The name was changed by 1993 to Home Savings of America.
In return, Home Savings will be responsible for further liability under a policy involved in the suit.
Home Savings will take the entire first floor of the new tower.
Home Savings has assets of $40 billion.
At the end of 1987, Home Savings reported $27 billion in assets.
Managers and directors of Home Savings took about 30 percent of the shares offered.