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Downey Savings, a California-based saving and loan, has been hit hard by the recent economic downturn.


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Downey Savings, a California-based savings and loan with one branch in Kingman, announced Oct. 16 that it plans to shut down its wholesale lending department and make additional cuts to its retail loan department, resulting in the loss of approximately 200 jobs.

By James Chilton October 29, 2008

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