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BUSINESS
October 22, 1992 | From Times Staff and Wire Reports
Chemical Banking Considers Takeover of First City Bank: Chemical Banking Corp. is once again shopping for other banks and has targeted the struggling First City Bank in Texas as a possible acquisition. Peter Tobin, Chemical's chief executive, told a meeting of securities analysts that the bank "has been very quiet this year" in acquisitions, focusing instead on the completion of its merger with Manufacturers Hanover Corp.
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BUSINESS
September 3, 2004 | From Bloomberg News
Wells Fargo & Co., the fourth-largest U.S. bank, said Thursday that it had agreed to pay $124 million in stock to buy First Community Capital Corp., a closely held, Houston-based banking company with $553 million in assets. "First Community has a superb reputation for commercial banking and other financial services," said Glenn Godkin, regional president for Wells Fargo in Houston. "Our cultures are a great match." San Francisco-based Wells Fargo, New York-based Citigroup Inc. and other large U.
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NEWS
December 8, 1991 | JEFFREY A. PERLMAN and DAVID WILLMAN, TIMES STAFF WRITERS
Using Mello-Roos bonds to pay for projects in undeveloped areas can be risky even in Orange County, as was shown recently when two major firms failed to pay their tax bills for a site just northwest of Mission Viejo. Here's what happened at Portola Hills, a project of the Baldwin Co. and J.M. Peters Co.
NEWS
June 26, 1997 | From Associated Press
A 90-year-old man refused to sell his longtime home to make room for construction of a bank, so the bank decided to simply wrap its building around the house, horseshoe-style. When Overton Bank & Trust Dallas opens in mid-August, an automated teller machine will dispense cash 15 feet from where Ramon Rodriguez sleeps. Drive-through customers will idle in front of his kitchen window. He does not have an account at Overton and doesn't plan to get one, either.
NEWS
June 26, 1997 | From Associated Press
A 90-year-old man refused to sell his longtime home to make room for construction of a bank, so the bank decided to simply wrap its building around the house, horseshoe-style. When Overton Bank & Trust Dallas opens in mid-August, an automated teller machine will dispense cash 15 feet from where Ramon Rodriguez sleeps. Drive-through customers will idle in front of his kitchen window. He does not have an account at Overton and doesn't plan to get one, either.
CALIFORNIA | LOCAL
February 15, 1992 | ERIC YOUNG, TIMES STAFF WRITER
Federal agents arrested a father and son on Friday on suspicion of defrauding a Dallas bank on a multimillion-dollar loan, authorities said. Adolf Vartanian, 59, and Blake Vartanian, 32, both of Yorba Linda, were arrested without incident outside their home in the 17200 block of Growers Circle, said Charlie J. Parsons, special agent in charge of the Los Angeles FBI.
NEWS
June 20, 1990 | Associated Press
A federal judge on Tuesday ordered a small-town bank allegedly holding a cache of stolen medieval art to open its vault to an inventory by the East German cathedral that claims the treasure. U.S. District Judge Sidney A. Fitzwater ordered also that the time and place of the inspection be kept secret to protect the inspectors and the objects. The works are believed to have been hidden in a German mine shaft and taken by a U.S. soldier from Texas at the end of World War II.
BUSINESS
May 10, 1991 | JAMES BATES, TIMES STAFF WRITER
BankAmerica Corp. on Thursday said it acquired a small failed bank in Houston in a potentially significant deal that gives the San Francisco-based bank its first toehold in the Texas retail banking market. BankAmerica, which over the past year has expanded rapidly in the West by buying the deposits and branches of failed thrifts without taking on their bad loans, has for some time eyed the rebounding Texas market.
NEWS
March 8, 1995 | MARK FINEMAN and JUANITA DARLING, TIMES STAFF WRITERS
Federal investigators Tuesday started tracing almost $7 million that they said U.S. Customs officials had discovered in a Texas bank account under the name of Mario Ruiz Massieu, as accusations against the notorious Mexican accuser continued to mount. Atty. Gen.
BUSINESS
May 17, 1985
The bank failures were the 35th and 36th of the year. The Comptroller of the Currency declared Energy Bank in Dallas insolvent and appointed the Federal Deposit Insurance Corp. as receiver, an agency spokesman said. The bank, which had $24 million in deposits, was the third Texas bank to fail this year. Its deposits were assumed by Oak Bank & Trust of Dallas. The Bank of Newcastle, of Newcastle, Okla.
NEWS
March 8, 1995 | MARK FINEMAN and JUANITA DARLING, TIMES STAFF WRITERS
Federal investigators Tuesday started tracing almost $7 million that they said U.S. Customs officials had discovered in a Texas bank account under the name of Mario Ruiz Massieu, as accusations against the notorious Mexican accuser continued to mount. Atty. Gen.
BUSINESS
October 22, 1992 | From Times Staff and Wire Reports
Chemical Banking Considers Takeover of First City Bank: Chemical Banking Corp. is once again shopping for other banks and has targeted the struggling First City Bank in Texas as a possible acquisition. Peter Tobin, Chemical's chief executive, told a meeting of securities analysts that the bank "has been very quiet this year" in acquisitions, focusing instead on the completion of its merger with Manufacturers Hanover Corp.
BUSINESS
March 24, 1992 | From Associated Press
Banc One Corp. moved to expand its consumer banking presence in Texas by announcing plans Monday to acquire the state's fifth-largest bank, Team Bank, in a $782-million stock swap. The proposed deal, subject to regulatory approval, would be the largest in Texas banking since Columbus, Ohio-based Banc One entered the state in 1989 with the purchase of the failed MCorp of Dallas.
CALIFORNIA | LOCAL
February 15, 1992 | ERIC YOUNG, TIMES STAFF WRITER
Federal agents arrested a father and son on Friday on suspicion of defrauding a Dallas bank on a multimillion-dollar loan, authorities said. Adolf Vartanian, 59, and Blake Vartanian, 32, both of Yorba Linda, were arrested without incident outside their home in the 17200 block of Growers Circle, said Charlie J. Parsons, special agent in charge of the Los Angeles FBI.
NEWS
December 8, 1991 | JEFFREY A. PERLMAN and DAVID WILLMAN, TIMES STAFF WRITERS
Using Mello-Roos bonds to pay for projects in undeveloped areas can be risky even in Orange County, as was shown recently when two major firms failed to pay their tax bills for a site just northwest of Mission Viejo. Here's what happened at Portola Hills, a project of the Baldwin Co. and J.M. Peters Co.
BUSINESS
May 10, 1991 | JAMES BATES, TIMES STAFF WRITER
BankAmerica Corp. on Thursday said it acquired a small failed bank in Houston in a potentially significant deal that gives the San Francisco-based bank its first toehold in the Texas retail banking market. BankAmerica, which over the past year has expanded rapidly in the West by buying the deposits and branches of failed thrifts without taking on their bad loans, has for some time eyed the rebounding Texas market.
BUSINESS
June 29, 1989 | From Staff and Wire Reports
Banc One Corp. of Columbus, Ohio, agreed Wednesday to take over 20 failed banks of MCorp, a Dallas-based holding company with $13 billion in assets, federal bank regulators said Wednesday. Officials of the Federal Deposit Insurance Corp. refused to discuss details of the transaction before a news conference today, but private analysts believe that the deal will constitute one of the largest bank rescues ever, involving an infusion of about $2 billion in federal money. The agency, which insures commercial bank deposits, said Banc One will assume management of the failed banks July 5. Its chairman, John B. McCoy, will assume the chairmanship of the McCorp banks under the name of Bank One Texas, it said.
BUSINESS
July 21, 1989 | From Associated Press
Federal regulators today rescued the last of the big problem banks in the state, pledging $250 million to National Bancshares Corp. of Texas less than 24 hours after bailing out Texas American Bancshares Inc. with $900 million. The Federal Deposit Insurance Corp. said Equimark Corp. of Pittsburgh will take over the San Antonio-based holding company, which owns 12 banks with assets of $2.3 billion and deposits of $2.2 billion. James H. McLaughlin, president of Equibank, which has $3.
BUSINESS
November 8, 1990 | GREGORY CROUCH, TIMES STAFF WRITER
The former controller of a Sterling Savings & Loan subsidiary in Irvine pleaded guilty Wednesday in federal court here to charges of embezzling about $1.2 million from the institution. In the plea agreement, Darrell Dean Knox, 46, of Fallbrook admitted that he engaged in conspiracy and bank fraud by concocting a scheme to cash more than 200 checks from Sterling Builders Inc., the thrift's real estate division.
NEWS
June 20, 1990 | Associated Press
A federal judge on Tuesday ordered a small-town bank allegedly holding a cache of stolen medieval art to open its vault to an inventory by the East German cathedral that claims the treasure. U.S. District Judge Sidney A. Fitzwater ordered also that the time and place of the inspection be kept secret to protect the inspectors and the objects. The works are believed to have been hidden in a German mine shaft and taken by a U.S. soldier from Texas at the end of World War II.
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