OTHER NEWS - Sept. 30, 1991

Fidelity Federal Takes Writedown: The Glendale-based S&L;’s parent company, Citadel Holding, said it sees a loss for the first nine months of this year, and probably for the full year, because of loan problems. Citadel said it will write down $11.9 million in Fidelity real estate and other loans and reserve $28.6 million more for possible losses. The company said 90% of the reserves are related to three commercial properties and two hotels, all outside California. Citadel also said it is considering a stock rights offering to raise $50 million, which could help it meet federal S&L; minimum-capital requirements that are expected to be raised soon.