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BUSINESS
January 17, 1996 | JOHN O'DELL, TIMES STAFF WRITER
A pair of Orange County's longest-running independent banks said Tuesday they plan to combine in a $6-million deal that will turn Bank of Yorba Linda into a four-office, 100-employee institution. The agreement calls for Bank of Westminster to merge into Bank of Yorba Linda, adding its branch offices in Westminster and Huntington Beach to the north Orange County bank's offices in Yorba Linda and Costa Mesa.
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BUSINESS
January 17, 1996 | JOHN O'DELL, TIMES STAFF WRITER
A pair of Orange County's longest-running independent banks said Tuesday they plan to combine in a $6-million deal that will turn Bank of Yorba Linda into a four-office, 100-employee institution. The agreement calls for Bank of Westminster to merge into Bank of Yorba Linda, adding its branch offices in Westminster and Huntington Beach to the north Orange County bank's offices in Yorba Linda and Costa Mesa.
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BUSINESS
December 28, 1993 | DEAN TAKAHASHI
Federal regulators have barred a former president of the Bank of Westminster from the banking industry for life because they believe he caused losses at the bank through unsafe practices and violations of banking rules. The Federal Deposit Insurance Corp. said in an order made public Monday that it had reason to believe that A. Paul Tomko's actions breached his fiduciary duties and involved "personal dishonesty" that harmed the safe and sound condition of the bank.
BUSINESS
December 28, 1993 | DEAN TAKAHASHI
Federal regulators have barred a former president of the Bank of Westminster from the banking industry for life because they believe he caused losses at the bank through unsafe practices and violations of banking rules. The Federal Deposit Insurance Corp. said in an order made public Monday that it had reason to believe that A. Paul Tomko's actions breached his fiduciary duties and involved "personal dishonesty" that harmed the safe and sound condition of the bank.
BUSINESS
January 21, 1985 | Associated Press
The Federal Home Loan Bank Board on Saturday declared the Fidelity Savings and Loan Co. of Martins Ferry, Ohio, insolvent and approved its acquisition by a California subsidiary of Household Finance Corp. Fidelity, with $72.8 million in deposits and three branches, is being acquired by Household Bank of Westminster.
BUSINESS
February 20, 1985
United American Bank of Westminster said last week that it also has benefited from the improving business borrowing climate. The 18-month-old bank, which caters largely to the Indochinese community in Westminster, posted a loss of $130,280 for 1984, but had its first-ever quarterly profit in the last three months of the year. United American's 1984 loss more than halved the $278,651 loss reported in 1983, when the bank operated for only six months.
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