Advertisement

SAN DIEGO INDUSTRY NOTES

April 09, 1985

TCS Financial on Monday closed its initial stock offering. The public stock sale generated 357 shareholders for a total of $3.3 million. TCS Financial previously had generated about $1 million through private placements.

The Greater San Diego Business Assn. has formed a charitable foundation as a funding source for support for gay and lesbian organizations.

Rancho Santa Fe Thrift & Loan Assn. reported net earnings of $139,614, up 111% for the year ended Dec. 31. Total assets increased 42% to $13.1 million.

The Price Co. reported net income for the second quarter ended March 17 of $9.3 million, a 54% increase over the previous year. Sales for the quarter jumped 63% to $368.7 million.

Valle de Oro Bank reported net income for the first quarter ended March 31 of $29,000 compared to $3,100 in the previous year. Assets increased 97% to $17.9 million while deposits rose 124% to $15.5 million.

Decom Systems Inc. has decreased the exercise price of its outstanding common stock warrants from $4 to $3.81 per share after a recent financing. The warrants are exercisable until Jan. 23, 1986.

Intermark has completed its exchange offer whereby holders of all of its 1.1 million warrants to buy 561,000 common shares of Square D Co. could exchange multiples of 169 warrants for each $1,000 principal amount of a new series of Intermark 13.2% senior debentures. About 90% of the warrants were tendered.

Advertisement
Los Angeles Times Articles
|
|
|