July 14, 1994 |
Glendale Federal Bank took its final step toward becoming a California-only savings and loan Wednesday, announcing that it has agreed to sell the last of its out-of-state banking operations to Los Angeles-based First Interstate Bancorp for $190 million in cash. First Interstate's purchase of Glendale Federal's 25-office University Savings Bank unit in Washington state should be completed by the first quarter of next year, the companies said.
December 14, 1996 |
An 87-year-old woman who was locked in a bank vault overnight by mistake was found safe in the safe. Doris Willis was inspecting her safe deposit box Wednesday when a bank employee shut the vault for the day. She was left in the dark for about 15 hours. "The lights went out and there I sat and I said, 'Is the bank closed?' " Willis said. She said she "groped around" but couldn't find a way out, and it was too dark to use a touch-tone phone in the safe.
April 11, 1989 |
BankAmerica said Monday that it will buy a small savings bank in Tacoma, Wash., marking the big banking company's first acquisition since 1983. The San Francisco-based parent of Bank of America said it has agreed to acquire American Savings Bank in a stock exchange valued at about $68.6 million. The savings bank, with $640 million in assets and 22 offices, will become part of Seattle-First National Bank, a subsidiary of BankAmerica. "The deal is probably of more symbolic value than anything else," said Dan B. Williams, an industry analyst in the San Francisco office of Sutro & Co., a regional investment firm.
May 2, 1991 |
Douglas P. Blankenship, a Capistrano Beach man accused of posing as a wealthy developer to falsely secure $25 million in loans from banks and businesses across the country, has pleaded guilty in Seattle federal court to racketeering. Blankenship used aliases, corporate fronts, phony tax returns and false financial statements to mastermind a massive scam against financial institutions in seven states, officials allege.
November 2, 2010 |
Voters were headed to the polls Tuesday in a midterm election that will test whether this year's cascade of caustic political ads, fueled in part by an unprecedented deluge of outside spending, will help power a historic realignment of Congress. Republicans expressed confidence that an electorate weary of the gloomy economy would hand them back control of the House and perhaps the Senate. The GOP needs to win 39 more seats to gain control of the House, a number that appeared easily within its reach as the party's allies dumped millions of dollars in the last week into some districts once thought to be safe for Democrats.
November 2, 2010 |
Republicans jumped off to a series of early victories Tuesday night, capturing a Democratic Senate seat in Indiana, while "tea party" favorite Rand Paul won his Senate election in Kentucky. The Indiana victory was expected; former Sen. Dan Coats easily defeated Rep. Brad Ellsworth to win back the seat Coats had given up more than a decade ago. But the win was an important step forward for the GOP, which seeks a net gain of 10 Senate seats in its drive to win a majority of the Senate.