April 24, 1996 |
Remember the Small Business Administration's plans to shut down district offices in Santa Ana and elsewhere? Well, a year later, nothing has happened. None of those offices has closed, and recently SBA's chief quietly disclosed that those plans have been shelved--for now. Whatever "for now" means in SBA-talk, that's great news for local SBA folks, bankers and small businesses.
CALIFORNIA | LOCAL
August 6, 1994 |
A lawyer representing relatives of the suspect shot dead by Costa Mesa police near a bank this week said Friday the man was not armed and could not have fired first, as investigators have said. "The information we've gathered so far indicates he was not armed at the time he was shot," said Los Angeles attorney Stephen Yagman, who is known for pursuing brutality cases. "The man did not possess a gun at the time of the shooting."
CALIFORNIA | LOCAL
February 27, 1991 |
After months of negotiation, the city of Anaheim has reached a tentative agreement to purchase three acres of the Melodyland Christian Center, which has recently defaulted on about $5 million in loan payments for its prime property next to Disneyland. The tentative deal, pending City Council approval, includes a key provision that would give the city the right of first refusal on the future sale of the center's remaining acreage.
November 3, 2000 |
Two more Southland banks said Thursday they have agreed to be acquired in separate deals, just a day after Inglewood-based Imperial Bancorp announced a $1.2-billion merger with a Michigan-based bank. Orange-based BYL Bancorp, which has been under pressure from investors and regulators for months, said Thursday it signed a merger agreement with PBOC Holdings, parent of People's Bank of California.
August 24, 1994 |
This week's arrest of six people indicted for allegedly making false statements on their income tax forms to obtain Small Business Administration loans has shed new light on the fast-growing but unregulated business of loan packagers. Many loan packagers--independent consultants who help put together SBA applications for a fee--are legitimate and perform a useful service, officials say.
August 15, 1994 |
The dancers at Captain Cream, a topless club in a Lake Forest shopping center, knew Jim Fitzgerald as a big spender. He could be seen at the club several days a week, dropping as much as $500 in a few hours on tips and drinks. But that cash may have been the dues money of hundreds of Laguna Niguel homeowners, for whom Fitzgerald worked as the property manager of two homeowner associations, law enforcement investigators say.
January 20, 1993
Combined profits at community banks based in Orange County inched up 2% for the first nine months of 1992 as most of the small institutions were caught between low interest rates and a growing number of bad loans. Two-thirds of the 30 banks saw increases in their ratios of bad loans to total loans--suggesting problems in the future. Third quarter, 1992, results (Ranked by assets) ASSETS (millions) Bank 1992 1991 National Bank of So. Calif. $365.0 $368.4 Commercial Center 358.9 268.
CALIFORNIA | LOCAL
August 5, 1994 |
A suspect shot dead by police outside a Costa Mesa bank Wednesday is a convicted bank robber who is believed to have held up the same bank in April, authorities said Thursday. The man, identified as John R. Mazak, 48, of Mission Viejo, served six years of a 26-year sentence at the federal prison in Lompoc after being convicted of armed bank robbery in New Mexico and felony weapons violations in Wisconsin, according to prison records. He was paroled in December, 1989.
March 19, 1991 |
Orange County's banks, as a whole, grew modestly last year as total assets increased 6%. At the same time, the group kept a tight rein on bad loans and posted combined net income of $48 million. Nevertheless, the growth of several banks exploded, and the bad loans at a few others jumped dramatically, according to statistics compiled by Findley Reports Inc., an industry consulting firm in Brea. Frontier Bank in La Palma doubled its size to $147.
January 10, 1992 |
Pressed by the sluggish economy and higher deposit insurance premiums, Orange County's 35 community banks posted sharply lower profits for both the third quarter and first nine months of 1991. Local banks reported combined net income of $4.3 million for the three months ended Sept. 30, a 67% drop from $12.9 million for the corresponding period in 1990. Aggregate earnings plummeted 76% for the first nine months of 1991, to $8.7 million from $36.