Opinion No. Oag 4-88, (1988)

LEO MORTENSEN, Commissioner Savings and Loan Review Board

You ask whether officer and director salary information submitted to the commissioner of savings and loan in an absorption application is exempt from disclosure under the public records law.

You advise that the absorption of one savings and loan association by another must be approved by the commissioner of savings and loan (state commissioner) under sections 215.53 and215.73, Stats., and by the federal home loan bank board (federal board). If it involves a capital stock association it must be approved by the federal securities and…