S&L officials acquitted

April 21, 1992

A federal judge today acquitted two former officials of the failed Community Savings and Loan of conspiracy and fraud charges tied to the alleged theft of millions of dollars from the thrift, which collapsed in 1985.

After a four-month trial, U.S. District Court Chief Judge Walter E. Black Jr. acquitted Clayton C. McQuistion, Community's former president; Barbara A. McKinney, a former director and vice president; and the Crysopt Corp., Community's holding company. Former chairman Tom J. Billman, a fugitive, wasn't tried.

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