Advertisement
YOU ARE HERE: LAT HomeCollectionsCal Fed Bancorp
IN THE NEWS

Cal Fed Bancorp

FEATURED ARTICLES
BUSINESS
January 4, 1997 | Times Staff and Wire Reports
San Francisco-based First Nationwide Holdings Inc. said it completed its purchase of Los Angeles-based Cal Fed Bancorp and its California Federal Bank unit. The merged bank will be called California Federal Bank. First Nationwide Holdings' name will not change, nor will that of the bank's mortgage unit, First Nationwide Mortgage Corp.
ARTICLES BY DATE
BUSINESS
January 4, 1997 | Times Staff and Wire Reports
San Francisco-based First Nationwide Holdings Inc. said it completed its purchase of Los Angeles-based Cal Fed Bancorp and its California Federal Bank unit. The merged bank will be called California Federal Bank. First Nationwide Holdings' name will not change, nor will that of the bank's mortgage unit, First Nationwide Mortgage Corp.
Advertisement
BUSINESS
May 14, 1996
First Citizens Bank, a small community bank in Sherman Oaks, has agreed to be acquired by Cal Fed Bancorp, the holding company for California Federal Bank and the fifth-largest savings and loan institution in the United States. The agreement calls for Cal Fed to pay $9.62 a share for each of the 722,230 outstanding shares of First Citizens common stock, for a total of $6.95 million. The sale is expected to be completed about Sept.
BUSINESS
May 14, 1996
First Citizens Bank, a small community bank in Sherman Oaks, has agreed to be acquired by Cal Fed Bancorp, the holding company for California Federal Bank and the fifth-largest savings and loan institution in the United States. The agreement calls for Cal Fed to pay $9.62 a share for each of the 722,230 outstanding shares of First Citizens common stock, for a total of $6.95 million. The sale is expected to be completed about Sept.
BUSINESS
December 4, 1995 | Times Staff Reports
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.
BUSINESS
August 5, 1995 | Times Staff and Wire Reports
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 | BARBARA MURPHY
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.
BUSINESS
December 17, 1996 | Times Staff and Wire Reports
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.
BUSINESS
January 23, 1996 | From Times Wire Services
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. . . .
BUSINESS
February 21, 2001 | From Bloomberg News
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.
BUSINESS
April 20, 1996 | From Times Wire Services
GM Hughes Electronics said Friday its first-quarter profit from operations fell 11%, largely because of the 17-day auto workers strike that shut down manufacturing at its biggest customer, General Motors Corp. Los Angeles-based GM Hughes Electronics, a unit of General Motors, said profit from operations fell to $240.1 million, or 60 cents a share, from $268.9 million, or 67 cents, in the year-earlier quarter. In the most recent quarter, a gain of $71.
Los Angeles Times Articles
|