Toronto-based Royal Trustco Ltd. said it will...
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From Times Staff and Wire Reports
Toronto-based Royal Trustco Ltd. said it will reduce its stake in Glendale-based Glenfed Inc., to below 5% by Jan. 11 from its current 9.5% to comply with federal regulations . . . Mellon Bank Corp. said it reached a definitive agreement to purchase the Maryland operations of Security Pacific Automotive Financial Services Corp., a subsidiary of Los Angeles-based Security Pacific Corp., for an undisclosed price.
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