William C. Walbrecher Jr., an executive at San Francisco-based 1st Nationwide Bank, was named president and chief executive officer of Citadel Holding Corp. and its principal operating unit, Fidelity Federal Bank. The appointment takes effect Nov. 13. He succeeds James A. Taylor, who stepped down as chairman, president and chief executive in March for health reasons. Edward L. Kane succeeded Mr. Taylor as chairman. Separately, Citadel posted a third-quarter net loss of $2.3 million, or 68 cents a share, versus net income of $5.3 million, or $1.61 a share, a year earlier. The latest results include some unusual write-downs, which had an after-tax impact of $4.9 million. Those included costs associated with the potential Valley Federal Savings and Loan Association acquisition, which was terminated on Sept. 27, 1989. In addition, operating results were hit by an increase in loan and real estate loss reserves. In American Stock Exchange composite trading, Citadel shares closed yesterday at $45.75, down 25 cents. 

According to the above paragraph, the correct answer to the question "What bank was the potential acquisition and what quater was the loss associated with this reported?" is "Valley Federal Savings and Loan Association, 1st Quarter"?

OPTIONS:
- no
- yes
no
William C. Walbrecher Jr., en verkställande direktör vid San Francisco-baserade 1st Nationwide Bank, utsågs till president och verkställande direktör för Citadel Holding Corp. och dess huvudsakliga operativa enhet, Fidelity Federal Bank. Utnämningen träder i kraft 13 nov. Han efterträder James A. Taylor, som av hälsoskäl avgick som ordförande, president och chef i mars. Edward L. Kane efterträdde Mr Taylor som ordförande. Separat, Citadel postade en tredje kvartal nettoförlust på $2,3 miljoner, eller 68 cent per aktie, jämfört med nettoinkomst på $5,3 miljoner, eller $ 1,61 per aktie, ett år tidigare. De senaste resultaten inkluderar några ovanliga nedskrivningar, som hade en effekt efter skatt på $4,9 miljoner. Dessa inkluderade kostnader i samband med det potentiella förvärvet av Valley Federal Savings and Loan Association, som avslutades den 27 september 1989. Dessutom drabbades rörelseresultatet av ökade låne- och fastighetsförluster. I American Stock Exchange komposithandel stängde Citadelaktierna igår för 45,75 dollar, en minskning med 25 cent. Det korrekta svaret på frågan "Vilken bank var det potentiella förvärvet och vilken kvater var förlusten i samband med detta?" Är "Valley Federal Savings and Loan Association, 1st Quarter"? ALTERNATIV: - nej - ja
William C. Walbrecher Jr., an executive director at San Francisco-based 1st Nationwide Bank, was appointed president and chief executive officer of Citadel Holding Corp. and its main operational unit, Fidelity Federal Bank. The appointment will take effect Nov 13. He succeeds James A. Taylor, who resigned as chairman, president, and chief in March for health reasons. Edward L. Kane succeeded Mr Taylor as chairman. Separately, Citadel posted a third quarter net loss of $2.3 million, or 68 cents per share, compared to net income of $5.3 million, or $1.61 per share, a year earlier. The latest results include some unusual write-downs, which had an effect after tax of $4.9 million. These included costs associated with the potential acquisition of the Valley Federal Savings and Loan Association, which ended on September 27, 1989. In addition, the operating profit suffered increased loan and property losses. In American Stock Exchange composite trading, the Citadel shares closed yesterday for $45.75, a decrease of 25 cents. The correct answer to the question "Which bank was the potential acquisition and which quater was the loss associated with this?" Is "Valley Federal Savings and Loan Association, 1st Quarter"? ALTERNATIVE: - no - yes
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