John J. Keating figured he and his Lincoln National Bank in Encino would keep a low profile for a while. But his customers and shareholders keep asking the same questions, so he has decided to talk:
No, his bank is not related to the troubled Lincoln Savings & Loan in Irvine and he is not related to Charles H. Keating Jr., the chairman of Lincoln S&L's parent company.
"We're getting all sorts of calls from clients and stockholders," said John Keating, the bank's chairman. "We're getting some bad publicity because of the similarities in names. And I believe in the iceberg theory--10% may call, but 90% are worried about it."
Lincoln National Bank is a 7-year-old bank that earned $1.4 million in the first quarter and maintains a 6.6% ratio of capital to its $393.7 million in assets. The ratio, which is a key measure of a bank's financial health, is above regulatory requirements.