August 6, 1996 |
Citadel Coach Charlie Taaffe was suspended for the season after his second drunken-driven arrest in three years. Walt Nadzak, Citadel's athletic director, said Taaffe will teach in the physical education department while defensive coordinator Don Powers runs the team. Taaffe was arrested July 27 and charged with driving under the influence after allegedly running a red light in Mount Pleasant, S.C. He was acquitted of a DUI charge in 1993.
July 16, 1985
Hecco Ventures, a partnership that owns about 9.5%of Citadel Holding's common stock, said in a filing with the SEC that it plans to vote against a proposed merger with Great Western Financial that was reported in May. Great Western plans to acquire Citadel Holding, parent company of Fidelity Federal Savings & Loan Assn., through an exchange of stock worth more than $100 million.
February 21, 1991 |
Craig Corp., a Los Angeles company whose chairman is financier James J. Cotter, wants federal permission to exercise a "controlling influence" over Citadel Holding Corp., the Glendale-based parent of Fidelity Federal Bank, according to filings released Wednesday. Craig already owns 8.9% of Citadel's stock and has two representatives on Citadel's board.
April 6, 1993
Citadel Holding Corp. in Glendale said it completed its offering of 3.3 million shares of common stock under a rights offering to its shareholders, raising $31.5 million in net proceeds for the savings and loan. The new shares were issued at $10 each. All but 18,606 shares in the offering were purchased. Citadel said $18 million would be used to boost the capital of its subsidiary, Fidelity Federal Bank. The balance would be used by Citadel for working capital.
May 17, 1985
Dissident shareholder Alfred Roven announced that he has stepped up his proxy fight to win board representation and change bylaws at the Glendale-based savings and loan company. Roven, who controls 9.1% of Citadel's common shares, is seeking shareholder approval to delay the annual meeting, set for next week, and alter various anti-takeover provisions. Roven wants to see Citadel sold to a third party.
November 26, 1989 |
Almost 15 years have passed since a North Vietnamese army tank forced the gate of Saigon's Independence Palace, signaling the defeat of South Vietnam and the unification of the two countries under communism. Today, the sound of war still faintly reverberates throughout Saigon, now officially known as Ho Chi Minh City, where the Communist victory is tainted by what is, for many, a futile quest for prosperity. "Could it be that quite a few things here really haven't changed all that much?"
September 13, 1985 |
Citadel Holding Corp., the parent of Glendale-based Fidelity Federal Savings & Loan Assn., announced Thursday that Spencer Scott has resigned as chairman, director and chief executive. The company refused to disclose why. As its new chief, Citadel named Gerald D. Barrone, who also will continue as president of the company, a job he took in 1982. The company said it named James A. Taylor, a director since 1974, as acting chairman. None of the officials were available for comment.
August 13, 1993 |
A woman must be allowed to take classes at The Citadel, South Carolina's state-supported military college, a federal judge ruled Thursday. But he did not decide whether to permanently end the school's all-male admissions policy. Shannon Faulkner sued The Citadel earlier this year, charging that the school's policy was unconstitutional discrimination. The Justice Department joined the case on her side. Under U.S. District Judge C. Weston Houck's ruling, the 19-year-old Powdersville, S.C.
December 1, 1986 |
The FBI announced today it has started an investigation into racial harassment at The Citadel because of possible civil rights violations at the 144-year-old military college. Bill Nettles, the head of the FBI's bureau in Charleston, said his agents are looking into the hazing of former black Cadet Kevin Nesmith. The inquiry focuses on an Oct. 23 incident in which five white cadets burst into the room of Nesmith, shouted racial insults and burned a paper cross.
August 28, 1996 |
A graduate of The Citadel has admitted accidentally shooting fellow cadet Berra Lee Byrd Jr. in 1992 while Byrd was walking near some dormitories, saying it was an accident and expressing remorse at his failure to come forward. George F. Cormeny III said in a letter to a local newspaper that "the last 4 1/2 years of living with this secret and the pain I caused Berra, his family and The Citadel have been unbearable."