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- American_Continental_Corporation abstract "American Continental Corporation was a Phoenix, Arizona-based real estate company of the 1970s and 1980s. It was created in 1978 as a spin-off of American Financial Group,[citation needed] meant to do residential home construction. Its chairman was Charles Keating, who moved to Phoenix to run it.By 1981, Keating had two thousand employees on his payroll and was one of the largest land developers in Arizona, benefiting from a home building boom in the state.In February 1984, American Continental Corporation acquired the underperforming Lincoln Savings and Loan Association for $51 million. Much of American Continental's assets were in the form of Arizona real estate, junk bonds, and mortgage-backed securities. Lincoln Savings expanded into aggressive, risky land development deals and financial arrangements, including loans due to American Continental. For most of 1987, American Continental was profitable, but by 1988, losses mounted, due to financial troubles and other bad happenings at Lincoln Savings. By 1989, Lincoln made up 90 percent of American Continental's assets.On April 13, 1989, American Continental Corporation filed for Chapter 11 bankruptcy. The loss of investors' life savings in Lincoln became one of the key events of the 1980s Savings and loan crisis and the core of the Keating Five political scandal.An 1,800+ linear feet collection of archival records from the American Continental Corporation is available at the Arizona State University Libraries, Department of Archives and Special Collections and consists of correspondence files, architectural and land use plans, promotional and advertisting materials, environmental impact reports, regulatory reports, trial records, attorneys records and financial records relating to the corporation and a number of its subsidiaries. The records extend from approximately 1971 to 1993. Access to certain parts of this collection are limited by court order.".
- American_Continental_Corporation wikiPageID "17006707".
- American_Continental_Corporation wikiPageRevisionID "601653866".
- American_Continental_Corporation hasPhotoCollection American_Continental_Corporation.
- American_Continental_Corporation subject Category:1976_establishments_in_Arizona.
- American_Continental_Corporation subject Category:Companies_based_in_Phoenix,_Arizona.
- American_Continental_Corporation subject Category:Companies_established_in_1976.
- American_Continental_Corporation subject Category:Companies_that_have_filed_for_Chapter_11_bankruptcy_in_1989.
- American_Continental_Corporation subject Category:Defunct_companies_based_in_Arizona.
- American_Continental_Corporation subject Category:Savings_and_loan_crisis.
- American_Continental_Corporation type Abstraction100002137.
- American_Continental_Corporation type CompaniesBasedInPhoenix,Arizona.
- American_Continental_Corporation type CompaniesEstablishedIn1976.
- American_Continental_Corporation type Company108058098.
- American_Continental_Corporation type DefunctCompaniesBasedInArizona.
- American_Continental_Corporation type Group100031264.
- American_Continental_Corporation type Institution108053576.
- American_Continental_Corporation type Organization108008335.
- American_Continental_Corporation type SocialGroup107950920.
- American_Continental_Corporation type YagoLegalActor.
- American_Continental_Corporation type YagoLegalActorGeo.
- American_Continental_Corporation type YagoPermanentlyLocatedEntity.
- American_Continental_Corporation comment "American Continental Corporation was a Phoenix, Arizona-based real estate company of the 1970s and 1980s. It was created in 1978 as a spin-off of American Financial Group,[citation needed] meant to do residential home construction.".
- American_Continental_Corporation label "American Continental Corporation".
- American_Continental_Corporation sameAs m.0415dhb.
- American_Continental_Corporation sameAs Q4743528.
- American_Continental_Corporation sameAs Q4743528.
- American_Continental_Corporation sameAs American_Continental_Corporation.
- American_Continental_Corporation wasDerivedFrom American_Continental_Corporation?oldid=601653866.
- American_Continental_Corporation isPrimaryTopicOf American_Continental_Corporation.