BankAmerica Corp. Ponders Takeover of First Gibraltar

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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 …