DALLAS (AP) _ BankAmerica Corp. is contemplating a takeover of First Gibraltar Bank, the largest savings and loan in Texas, according to a report published Monday.
First Gibraltar's owner, financier Robert O. Perelman, hopes to sell the thrift and shift its management team led by Texas banker Gerald J. Ford to Houston-based First City Bancorporation, The Dallas Morning News reported, citing anonymous sources. First City is the fourth-largest bank in Texas.
San Francisco-based BankAmerica is the nation's second largest bank company with $190 billion in assets.
BankAmerica moved into Texas a year ago with the purchase of a small suburban Houston bank. It grew …