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Published on 10/18/2010 in the Prospect News Distressed Debt Daily.

FirstFed Financial posts improved $102,434 net income for September

By Caroline Salls

Pittsburgh, Oct. 18 - FirstFed Financial Corp. reported $102,434 of net income for September on zero revenues, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Central District of California.

In comparison, FirstFed posted a $178,969 net loss for August, also on zero revenues.

The company had $4.2 million in cash at Sept. 30, down slightly from $4.26 million at the end of August.

FirstFed Financial, a Woodland Hills, Calif.-based bank holding company, filed for bankruptcy on Jan. 5, 2010. Its Chapter 11 case number is 10-10150.


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