SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A)
OF THE SECURITIES EXCHANGE ACT OF 1934
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GREAT WESTERN FINANCIAL CORPORATION
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(Name of Registrant as Specified in Its Charter)
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[PRESS RELEASE]
[GREAT WESTERN LOGO]
NEWS
FOR IMMEDIATE RELEASE
JUNE 2, 1997
Contact: Ian Campbell 818-775-3773
Charlie Coleman 818-775-3766
GREAT WESTERN CORRECTS AHMANSON'S MISREPRESENTATION OF STATUS
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OF WASHINGTON MUTUAL'S APPLICATION TO OTS
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CHATSWORTH, Calif. - Great Western Financial Corporation (NYSE:
GWF), in the following statement, corrects Ahmanson's
misrepresentation of the status of Washington Mutual's application
to the Office of Thrift Supervision (OTS):
"Great Western is confident that Washington Mutual is on track for
a successful conclusion to the OTS application process later this
month. Ahmanson has again attempted to create a regulatory 'red
herring' in an effort to mislead stockholders concerning the timing
and condition of Washington Mutual's application. Great Western
states unequivocally and categorically that Ahmanson's multiple
holding company issue has no basis in fact or in law."
With assets of $42.9 billion, Great Western Financial Corporation
is a diversified financial services company operating more than
1,150 mortgage lending, retail banking, and consumer finance
offices nationwide. Great Western's principal subsidiary, Great
Western Bank, is a mortgage-oriented consumer bank with banking
branch networks in California and Florida.
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