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Bank Of Yorba Linda

BUSINESS
May 31, 1998 | Dow Jones
Bank holding company BYL Bancorp said it has completed its acquisition of Riverside-based DNB Financial Corp. for 956,699 shares of stock valued at $21 million. BYL, which is based in Yorba Linda, said each common share of DNB will be exchanged for 4.1162 shares of BYL common stock. Privately held DNB Financial is the holding company for De Anza National Bank. BYL also said its Bank of Yorba Linda unit will change its name to BYL Bank Group, effective Wednesday.
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CALIFORNIA | LOCAL
August 6, 1987
A dispute between Yorba Linda Mortgage and its former president erupted Wednesday into a $6-million lawsuit. Dean M. Brewer, former company president, alleged that he was hired in January, 1985, and then was discharged eight months later without explanation. The suit filed Wednesday in Orange County Superior Court contended that the firing initially forced Brewer into bankruptcy.
CALIFORNIA | LOCAL
December 10, 1997 | JOHN CANALIS
The Costa Mesa Chamber of Commerce, which is more than 50 years old, will relocate its home office on Newport Boulevard to a new location on Adams Avenue. Owners of the Bank of Yorba Linda building, the new location, offered to make improvements and customize a suite to the chamber's specifications, said Ed Fawcett, chamber director. "The lease is up here, and the Bank of Yorba Linda has a new owner, and they're excited about us moving in there," he said.
BUSINESS
March 25, 2000
BYL Bancorp, the Orange-based holding company for Bank of Yorba Linda, said Friday it expects to report a loss of nearly $500,000 for the first quarter as a result of a restructuring. The company, which earned $460,000 a year ago, had decided to get out of the business of packaging loans and selling them on Wall Street, a process known as securitization.
BUSINESS
January 30, 1998 | Dow Jones
BYL Bancorp said Thursday it agreed to acquire Riverside-based DNB Financial for $20 million worth of stock. Assuming the transaction closes on May 31, BYL will exchange about 4.59 shares at $18.75 a share for each of the 232,423 outstanding shares of DNB stock. BYL will exchange about 1.07 million shares of its stock in the transaction, which has been approved by the boards of both companies. Privately held DNB Financial, with $73.
BUSINESS
October 6, 1985 | JAMES S. GRANELLI, Times Staff Writer
The Bank of Yorba Linda, which has nearly doubled its assets in the last year, is seeking state approval for its first branch office in the downtown area of growing Victorville. With approval from the state Banking Department, the 5-year-old financial institution plans to construct its 5,000-square-foot branch and begin operations next spring, said Walter Hannen, the bank's president and chief executive officer.
CALIFORNIA | LOCAL
July 10, 2001 | THUY-DOAN LE, TIMES STAFF WRITER
Bail was denied Monday for a man believed to be the final suspect in a group blamed for a series of violent, takeover-style bank robberies in Orange and Los Angeles counties, authorities said. Liston Oswanio David, 34, of Los Angeles, who was arrested Sunday, had eluded police since a 1999 bank robbery in Huntington Beach, according to the FBI. Agents said David was a member of a group known as the Head Hunter Bandits, which has been linked to 16 bank robberies.
CALIFORNIA | LOCAL
August 10, 1996 | GEOFF BOUCHER
A former Placentia police officer died this week after grappling with major health problems caused by an on-duty traffic accident in 1989, the department announced Friday. Former investigator Joey Little was granted a medical retirement in March 1992, three years after suffering major body and brain injuries when a car running a red light slammed into his car, according to Lt. David Taylor.
NEWS
April 28, 1990 | From the Associated Press
Former Orange Mayor Max J. Reynolds has died of heart failure at St. Joseph Hospital. He was 74. Reynolds, who died Wednesday, served as mayor of Orange from 1962 to 1964 and was on the City Council from 1958 to 1966. "Max made a very significant contribution to the city during a time of expansion and development," Mayor Don E. Smith said. "He always has been willing to assist his services to the community. He left his mark in Orange."
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