May 31, 1990 |
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.
October 20, 1987
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.
August 17, 1990 |
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.
October 18, 1987
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.