Charter National Bank

Joel Z. Ziskind has been appointed executive vice president and chief lending officer of Charter National Bank, Encino.

Attempting to take advantage of less-restrictive state banking laws, Dana Niguel Bank N.A. wants to trade in its national charter for a state charter, and its only remaining obstacle is obtaining shareholder approval. The bank, which concentrates on making construction loans to home builders, plans to use the state charter mainly to increase the amount it can lend to one borrower by at least 50% and up to 150%, said Charles Goodson, the bank's senior vice president and cashier.

Attempting to take advantage of less-restrictive state banking laws, Dana Niguel Bank N.A. wants to trade in its national charter for a state charter, and its only remaining obstacle is obtaining shareholder approval. The bank, which concentrates on making construction loans to home builders, plans to use the state charter mainly to increase the amount it can lend to one borrower by at least 50% and up to 150%, said Charles Goodson, the bank's senior vice president and cashier.

Charter National Bancorp, parent of the single-branch Charter National Bank in Encino, is negotiating to be acquired for $6.1 million by Bank of Industry, a bank based in City of Industry. A tentative proposal calls for Bank of Industry to pay $13.25 cash for each of Charter National's 458,870 common shares outstanding. Insiders own about 40% of Charter National. The bank went public five years ago at an adjusted price of $8 per share.

City National Bank of Houston, one of the last banks spawned in the '80s era of free-flowing bank charters in Houston, has been closed by federal regulators and its deposits have been sold to Charter National Bank-Colonial. The Thursday closure was the 72nd bank insolvency in Texas this year, and the 120th in the United States. Charter will operate City National's two locations as branches, Charter Chairman Jerry Finger said.

Architect Albert C. Martin received the Valley Knudsen Award of Los Angeles Beautiful Inc. at the organization's 30th annual awards presentation last week at the New Otani Hotel. Named for the founder of Los Angeles Beautiful, the award was created to recognize "exceptional service or significant contribution" made by a person or organization to the improvement of the Southland's environmental quality. Magnavox Advanced Products & Systems Co., Torrance, and St.

Joel Z. Ziskind has been appointed executive vice president and chief lending officer of Charter National Bank, Encino.

Bent over the phone, Frank Sabetta, president of Charter National Bank, was trying to hustle up some business with a potential customer before 9 a.m. "It's been five years and we've never done a deal yet. Don't let me down," he said into the mouthpiece. "We'll just make an appointment and come over." As president of one of the San Fernando Valley's smallest banks, Sabetta can't afford to sit around and look sage. Charter National Bank in Encino has only $47.8 million in assets.