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BUSINESS
December 11, 1996 | MELINDA FULMER, SPECIAL TO THE TIMES
Former Anaheim banker Gerald J. Garner and his wife, Joan, whose assets were placed under control of a federal trustee recently, filed a bankruptcy petition Tuesday, an attorney said. The Garners apparently are seeking to reorganize their assets under Chapter 11 of the bankruptcy code. Their bankruptcy attorney, Joseph A. Eisenberg, said the filing in U.S. Bankruptcy Court in Santa Ana is an effort to settle financial claims.
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BUSINESS
October 11, 1989 | James S. Granelli, Times staff writer
Now that the season is over for the California Angels, catcher-outfielder Brian Downing will be going to bat for American Commerce National Bank in Anaheim. Downing, a bank customer, recently signed a one-year contract to act as a spokesman for American Commerce at its various community projects and a greeter at bank functions, such as Sunday's five-kilometer and 10-kilometer Run for Health events.
BUSINESS
December 5, 1996 | JAMES S. GRANELLI, TIMES STAFF WRITER
A federal judge, finding that former Anaheim banker Gerald J. Garner and his wife have been transferring their property to thwart creditors, has appointed a trustee to take control of their assets. U.S. District Judge George H. King gave the trustee sweeping powers to manage and conserve cash, securities, real estate and other property. The trustee can, for instance, investigate and seek to set aside "any fraudulent transfers" in the last 8 1/2 years.
BUSINESS
April 11, 1989
American Commerce National Bank in Anaheim reported record quarterly net income of $491,000 for the first quarter, a 22% increase over $403,000 in earnings for last year's first quarter. Quarterly revenue grew 17% to $2.8 million this year from $2.4 million last year. At the end of March, the bank's assets were $83.2 million, a 7% increase over $77.8 million in assets a year earlier. The bank's total deposits rose 7% to $75.9 million at the end of the period from $71.2 million a year earlier, while total loans fell 3% to $58.4 million from $60.4 million last year.
BUSINESS
September 17, 1993 | James S. Granelli / Times Staff Writer
Ousted Anaheim banker Gerald J. Garner has been plotting his counterattack against federal regulators who seized his American Commerce National Bank and has been trying to rally both shareholders and depositors to join him in suing the government. His lawyer, Frank P. Barbaro of Santa Ana, said that the bank was in good financial shape and that no one knew anything different.
BUSINESS
February 27, 1996 | JAMES S. GRANELLI, TIMES STAFF WRITER
Former Anaheim banker Gerald J. Garner, who battled with regulators through the nine years that his American Commerce National Bank existed, has agreed to a lifetime industry ban and a $167,000 fine to settle accusations that he lied about his bank's condition and misappropriated funds.
BUSINESS
December 11, 1996 | MELINDA FULMER, SPECIAL TO THE TIMES
Former Anaheim banker Gerald J. Garner and his wife, Joan, whose assets were placed under control of a federal trustee recently, filed a bankruptcy petition Tuesday, an attorney said. The Garners apparently are seeking to reorganize their assets under Chapter 11 of the bankruptcy code. Their bankruptcy attorney, Joseph A. Eisenberg, said the filing in U.S. Bankruptcy Court in Santa Ana is an effort to settle financial claims.
BUSINESS
December 5, 1996 | JAMES S. GRANELLI, TIMES STAFF WRITER
A federal judge, finding that former Anaheim banker Gerald J. Garner and his wife have been transferring their property to thwart creditors, has appointed a trustee to take control of their assets. U.S. District Judge George H. King gave the trustee sweeping powers to manage and conserve cash, securities, real estate and other property. The trustee can, for instance, investigate and seek to set aside "any fraudulent transfers" in the last 8 1/2 years.
BUSINESS
September 11, 1996 | JAMES S. GRANELLI, TIMES STAFF WRITER
A federal judge has thrown out a lawsuit that former banker Gerald J. Garner had filed against regulators, accusing them of illegally seizing his Anaheim bank more than three years ago. But Garner vows to continue his battle with the comptroller of the currency, which regulates national banks. He said Tuesday that he plans to appeal once the judge issues a final order.
BUSINESS
November 8, 1996 | JAMES S. GRANELLI, TIMES STAFF WRITER
Onetime Anaheim banker Gerald J. Garner and his wife, Joan, funneled millions of dollars in excessive salaries, fees and loans from their failed bank to outside companies and family trusts they controlled, regulators charge in recently released court documents. The documents, sealed until last week, detail a long series of transactions that involve the Garners, their children, two relatives and American Commerce National Bank, which regulators seized in April 1993.
BUSINESS
November 5, 1996 | JAMES S. GRANELLI, TIMES STAFF WRITER
A federal judge presiding over a government lawsuit against former Anaheim banker Gerald J. Garner and his wife, Joan, has frozen their assets after finding "substantial reason to believe" that they are trying to hide or dispose of their holdings. U.S. District Judge George H.
BUSINESS
September 11, 1996 | JAMES S. GRANELLI, TIMES STAFF WRITER
A federal judge has thrown out a lawsuit that former banker Gerald J. Garner had filed against regulators, accusing them of illegally seizing his Anaheim bank more than three years ago. But Garner vows to continue his battle with the comptroller of the currency, which regulates national banks. He said Tuesday that he plans to appeal once the judge issues a final order.
BUSINESS
February 27, 1996 | JAMES S. GRANELLI, TIMES STAFF WRITER
Former Anaheim banker Gerald J. Garner, who battled with regulators through the nine years that his American Commerce National Bank existed, has agreed to a lifetime industry ban and a $167,000 fine to settle accusations that he lied about his bank's condition and misappropriated funds.
BUSINESS
June 19, 1995 | JAMES S. GRANELLI, TIMES STAFF WRITER
Former banker Gerald J. Garner, who once was building a public reputation as a charitable and civic-minded citizen of Orange County, will start defending himself today against federal accusations that he lied about his bank's financial condition and misappropriated bank funds. Banking authorities are seeking to ban Garner from the financial industry for life and to fine him $1 million in a hearing starting today into the way he ran American Commerce National Bank.
BUSINESS
September 23, 1994 | JAMES S. GRANELLI, TIMES STAFF WRITER
Federal regulators are seeking $1 million each from former Anaheim bankers Gerald and Joan Garner for actions the regulators say led to the April, 1993, failure of American Commerce National Bank, according to legal documents obtained Thursday. The civil penalty sought by the Office of the Comptroller of the Currency is in addition to the agency's effort to ban the Garners and five other directors and officers from the financial industry for life.
BUSINESS
September 23, 1994 | JAMES S. GRANELLI, TIMES STAFF WRITER
Federal regulators are seeking $1 million each from former Anaheim bankers Gerald and Joan Garner for actions the regulators say led to the April, 1993, failure of American Commerce National Bank, according to legal documents obtained Thursday. The civil penalty sought by the Office of the Comptroller of the Currency is in addition to the agency's effort to ban the Garners and five other directors and officers from the financial industry for life.
BUSINESS
November 5, 1996 | JAMES S. GRANELLI, TIMES STAFF WRITER
A federal judge presiding over a government lawsuit against former Anaheim banker Gerald J. Garner and his wife, Joan, has frozen their assets after finding "substantial reason to believe" that they are trying to hide or dispose of their holdings. U.S. District Judge George H.
BUSINESS
September 17, 1993 | James S. Granelli / Times Staff Writer
Ousted Anaheim banker Gerald J. Garner has been plotting his counterattack against federal regulators who seized his American Commerce National Bank and has been trying to rally both shareholders and depositors to join him in suing the government. His lawyer, Frank P. Barbaro of Santa Ana, said that the bank was in good financial shape and that no one knew anything different.
BUSINESS
September 4, 1993 | JAMES S. GRANELLI, TIMES STAFF WRITER
The FBI said Friday that it has launched a bank fraud and embezzlement investigation into American Commerce National Bank, which federal regulators seized last April after accusing its operators of lying, concealing records and wasting the bank's financial resources. The Santa Ana office of the FBI opened an investigation at the request of regulators soon after they used new legal powers for the first time to take over the apparently healthy Anaheim bank.
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