By 1986 Columbia Savings & Loan was one of Drexel's biggest customers.
Columbia Savings reported nearly $600 million in losses in recent months, largely because the value of its huge junk bond portfolio has dropped.
Columbia Savings is trying to sell its entire "junk bond" portfolio as a unit in what would be the largest such sale ever.
Columbia Savings filed a multibillion-dollar lawsuit against a number of Drexel executives.
Columbia Savings' third-quarter earnings will be reduced by $130.2 million to reflect the new savings legislation.
Columbia Savings reported a $352 million loss for its third quarter after taking a large write-down in "junk bonds."
Columbia Savings and Loan Association reported a loss in the second quarter.
Other costs, however, reflected Columbia Savings' extraordinary preoccupation with security.
One former executive, from Columbia Savings, was told to repay $19 million.
Ritchie came to Colorado to run Columbia Savings and Loan in the 1960s.