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Leading California Companies 1987 : A Roster Of The State's Largest Industrial, Financial, Merchandising, Transportation And Utitlity Firms : Savings & Loans

June 07, 1987|Compilation and analysis for the 1987 roster were provided by Maureen Perry and Cynthia Sosin of the Los Angeles Times marketing research department

KEY TO ROSTER--The corporate name of each company is followed by its founding or incorporation date in parentheses. Sales figures have been confined as closely as possible to operating revenues. They include equity in earnings of joint venture corporations as reported, but exclude nonoperating revenue such as dividends and gains from the sale of real estate. Income figures are given before extraordinary items. Related income-per-share figures are fully diluted when available and are based on average shares outstanding during the year, or the number of shares outstanding at year-end, depending on the company's accounting method. Sales and income figures are given for the year-end 1986 or fiscal year ended on or before February 28, 1987 followed in parentheses by sales and income figures, respectively, for the prior reporting period. Where preliminary figures have been made available, they have been so noted. Dividend figures (when paid) are reported for common stock shares. Asset figures are given as of the final day of the year covered by sales and income figures. The term "1986 Rank" indicates the rank of the company in the 1986 Los Angeles Times Roster. The 1986 Roster was published June 8, 1986 and used figures for years ended most recently prior to March 31, 1986. The abbreviation NYSE, ASE, PSE and OTC indicate listing/trading on the New York, American and Pacific stock exchanges or trading on the over-the-counter market. The various categories of companies have been ranked on the following basis: industrial firms by sales/revenues; merchandising firms by sales; transportation firms and utilities by revenues; and financial institutions and insurance firms by assets.

1 American Savings and Loan Assn. (1922) Ranks third nationally in deposits. Principal operating subsidiary of Financial Corp. of America (see holding companies). Has 172 retail savings offices and 22 residential loan centers. Assets: $33.93 billion year-end 1986 ($27.36 billion in 1985). Deposits: $16.98 billion ($17.43 billion). Net income: see holding company. Employees: total 5,780; California same. Headquarters: 343 E. Main St., Stockton 95201. Chairman, president and chief executive: William J. Popejoy. 1986 rank: 1. NYSE, PSE as Financial Corp. of America

2 Home Savings of America (1889) Ranks first nationally in deposits. An adjustable Rate Mortgage lender and seller and servicer of Adjustable Rate Mortgages in the secondary market. Operates 312 savings branches and 98 mortgage lending offices in 18 states. Assets: $27.42 billion year-end 1986 ($26.49 billion in 1985). Deposits: $21.76 billion ($19.47 billion). Net income: $323.4 million ($226.6 million). Employees: total 9,140; California 6,750. Headquarters: 1001 Commerce Dr., Irwindale 91706. Chairman and chief executive: Richard H. Deihl. President: Mario J. Antoci. 1986 rank: 2. NYSE, PSE as H.F. Ahmanson & Co.

3 Great Western Bank (1887) (Formerly Great Western Savings and Loan Assn.) Ranks second nationally in deposits. Operates largest branch network of any savings institution in California. Principal subsidiary of Great Western Financial Corp. (see holding companies). Offices: 260 in California; 28 in Florida. Assets: $27.23 billion year-end 1986 ($25.05 billion in 1985, restated). Deposits: $18.21 billion ($17.67 billion). Net income: $300.2 million ($203.9 million). Employees: total 11,540; California 7,430. Headquarters: 8484 Wilshire Blvd., Beverly Hills 90211. Chairman and chief executive: James F. Montgomery. President: John F. Maher. 1986 rank: 3 (Great Western Savings and Loan Assn.). NYSE, PSE as Great Western Financial Corp.

4 California Federal Savings and Loan Assn. (1925) Ranks fourth nationally in deposits and has offices in California, Florida, Georgia and Nevada. Subsidiaries include: Cal Fed Enterprises, Cal Fed Syndications, Cal Fed Asset Management, Cal Fed Investment Management, Cal Fed Insurance Agency, Cal Fed Finance, Cal Fed Investment Services, Cal Fed Mortgage and California Communities Inc. Offices: 188. Assets: $20.54 billion year-end 1986 ($18.20 billion in 1985). Deposits: $15.46 billion ($13.05 billion). Net income: $143.4 million ($115.4 million). Employees: total 6,090; California 5,160. Headquarters: 5670 Wilshire Blvd., Los Angeles 90036. Chairman: Robert R. Dockson. President and chief executive: William L. Callendar. 1986 rank: 4. NYSE, PSE as CalFed Inc.

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