December 4, 1995 |
CalFed: Bank and S&L? California Federal Bank shareholders meet Friday to vote on its proposed formation of a parent company to be called CalFed Bancorp Inc. The holding company format would give CalFed the flexibility to operate a commercial bank as well as the current savings and loan. Last spring, following the lead of Great Western Financial Corp., CalFed applied for a national bank charter in order to escape the high cost of federal deposit insurance for savings and loans. The U.S.
December 17, 1996 |
Shareholders of Los Angeles-based Cal Fed Bancorp Inc., the parent company of California Federal Bank, approved its $1.2-billion merger with First Nationwide Holdings Inc., the parent of First Nationwide Bank. . . . Los Angeles-based Equity Marketing Inc. said Michael J. Welch, former vice president of corporate development at Mattel Inc., has been named senior vice president and chief financial officer. . . . Drug company Schering-Plough Corp.
August 5, 1995 |
CalFed Begins Switch to Bank Holding Format: In a Securities and Exchange Commission filing, the Los Angeles-based thrift said it would become a wholly owned subsidiary of a new company, Cal Fed Bancorp Inc. California Federal Bank also plans to apply for a charter for a national bank, which also would be folded into the holding company, spokesman James F. Hurley said. Following the lead of Great Western Financial Corp.
CALIFORNIA | LOCAL
June 20, 2000 |
Dale Cohen has joined the board of directors for BidVantage Inc. in Camarillo, which operates a business-to-business electronics marketplace for buyers and sellers. He also serves on the board of directors of Rapid Product Solutions, a company that provides product development services. Cohen has held various management positions in the financial service oil industries.
January 23, 1996 |
American Express Co. said fourth-quarter earnings per share rose 18% to $384 million, or 77 cents a share, from $335 million, or 65 cents a share, a year ago. . . . BellSouth Corp. posted an 8.8% rise in fourth-quarter profit before taking charges that resulted in a bottom-line loss. The Atlanta-based Baby Bell said fourth-quarter profit from operations rose to $564 million, or 57 cents a share, from $518.5 million, or $1.04, in the year-earlier period. . . .
February 21, 2001 |
Golden State Bancorp securities that entitle holders to a share of a potential multimillion-dollar court award fell 20% on Tuesday after a federal appeals court said an earlier verdict overcompensated the San Francisco-based thrift. On Friday, the court struck down a $909-million award won by Golden State in a breach-of-contract suit against the federal government over a 1989 accounting rule change. Golden State litigation warrants fell 30 cents to $1.