November 14, 1986
Bolstered by record earnings, Fresno Bancorp announced an offer to purchase the capital and assets of Western Commercial. The offer provides one share of Fresno Bancorp stock for every 1.73 shares of Western Commercial. Fresno Bancorp is the holding company for Bank of Fresno, while Western Commercial is the parent company of Fresno Bank of Commerce, Merced Bank of Commerce and Western Commercial Mortgage.
February 20, 1991 |
One former Cal State Fullerton athletic director, Lynn Eilefson, has expressed interest in his old job, and another, Neale Stoner, didn't rule out a possible return. Eilefson, who spent three years (1983-85) as Fullerton's athletic director and is now a senior vice president with the Bank of Fresno, said he regretted leaving the school and will pursue the position that becomes vacant when outgoing Athletic Director Ed Carroll moves to UC Irvine on March 1.
July 15, 1989 |
Paige V. Simpson, known to his peers as the dean of Orange County banking, said Friday that he will step down from the presidency of Citizens Bank of Costa Mesa after 17 years but will remain as chairman of the financial institution. Simpson, 70, said he will be replaced by Richard Helstrom, former executive vice president of Community Bank in Los Angeles. "I'm approaching retirement age, so we're bringing in a younger man," Simpson said.
April 3, 1985
The Federal Land Bank Assn. of Fresno has foreclosed on three vineyards in the past two years, its first in more than half a century. Those foreclosures and six that are pending only show part of the plight of central San Joaquin Valley raisin and wine-grape growers. Poor crop prices have led to plummeting land values, said association President Ken Billings. Many people who took notes when they sold vineyards have had to take the property back because purchasers cannot make payments, he said.