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E Scott Reckard

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BUSINESS
July 1, 1997
Want an employer who pays a little more than you might get elsewhere? Maybe you should find one advised by Singer, Lewak, Greenbaum & Goldstein, an accounting and consulting firm with offices in Santa Ana, Los Angeles and Ontario. In a recent report on salary, performance and benefits, Singer said that despite the trend toward employees jumping from firm to firm, companies with stable, talented work forces have a clear advantage these days.
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BUSINESS
July 1, 1997
Want an employer who pays a little more than you might get elsewhere? Maybe you should find one advised by Singer, Lewak, Greenbaum & Goldstein, an accounting and consulting firm with offices in Santa Ana, Los Angeles and Ontario. In a recent report on salary, performance and benefits, Singer said that despite the trend toward employees jumping from firm to firm, companies with stable, talented work forces have a clear advantage these days.
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BUSINESS
February 24, 2004 | E. Scott Reckard
A bail hearing for former Orange County money manager James P. Lewis Jr. has been postponed until March 5, authorities said. Lewis, who is accused of defrauding investors in his Lake Forest-based Financial Advisory Consultants Inc., had been scheduled to appear today before U.S. Magistrate Judge Arthur Nakazato in Santa Ana. -- E. Scott Reckard
BUSINESS
January 10, 2007 | E. Scott Reckard
Wells Fargo & Co. agreed to acquire Sacramento-based Placer Sierra Bancshares for $645 million in stock. The transaction is expected to be completed by the middle of this year, the banks said. Placer Sierra has 32 branches in Northern California and 18 in Southern California, where it operates as Bank of Orange County and Southwest Community Bank. San Francisco-based Wells has 3,200 branches in 23 states. * E. Scott Reckard
BUSINESS
July 19, 2003 | E. Scott Reckard
Torrance-based Imperial Credit Industries Inc., the parent of a bank that failed in February, filed for protection from creditors under Chapter 11 of federal bankruptcy law. Imperial Credit, spun off from Imperial Bank in the mid-1980s, listed $190 million in liabilities and $20 million in assets in its filing in U.S. Bankruptcy Court in Los Angeles. The biggest creditors were J.P. Morgan Chase & Co., owed $127 million, and the Internal Revenue Service, owed $15 million.
BUSINESS
July 10, 2002 | E. Scott Reckard
Fidelity Federal Bank, a Glendale savings and loan, will pay $1.6 million to settle a Justice Department lawsuit alleging it violated the Equal Credit Opportunity Act by discriminating against sub-prime credit card customers who were Latino or on welfare, the government said. Third parties marketed the credit cards during the 1990s to high-risk borrowers in New York, Mississippi and Alabama, Fidelity President Greg Mitchell said. He said FBOP Corp., an Oak Park, Ill.
BUSINESS
July 19, 2003 | E. Scott Reckard
The chairman of Wells Fargo & Co.'s consumer finance arm, which ran afoul of California regulators and consumer groups this year, said he was quitting for personal reasons. Dan Porter, 47, said that after 3 1/2 years at Des Moines-based Wells Fargo Financial, he had revitalized the business and that he wanted "a better balance in my life." Wells Fargo Financial repaid 15,000 borrowers in January when regulators found small overcharges on personal loans.
BUSINESS
February 11, 2004 | E. Scott Reckard
Federal bank regulators planned to roll out a Vietnamese-language version of their Money Smart financial-education program today in partnership with community leaders in Orange County's Little Saigon. The 10-session Federal Deposit Insurance Corp. program includes tips on using credit, the importance of savings and checking accounts and home ownership. It also examines how to avoid abusive and deceptive lenders as well as the high cost of payday loans and check-cashing operations.
BUSINESS
March 16, 2004 | E. Scott Reckard
A software glitch caused problems for up to 30,000 Washington Mutual Inc. customers who tried to use debit cards for purchases, had the transactions rejected and then, in some cases, were charged anyway, the savings and loan said. The troubles occurred mainly in California and Eastern states Sunday from 9 a.m. to 2 p.m. Pacific time, when technicians replaced a corrupted file, said Timothy McGarry, a spokesman for the Seattle-based company.
BUSINESS
February 3, 2005 | E. Scott Reckard
First California Bank, which has six branches in Ventura County, said it had agreed to acquire South Coast Bancorp Inc., which has two offices in Orange County, for $36 million in cash. Camarillo-based First California, which had $284 million in assets at the end of 2004, said it expected the deal for Irvine-based South Coast to close in the second quarter. South Coast, which operates as South Coast Commercial Bank, had $147 billion in assets at the end of 2004. --E. Scott Reckard
BUSINESS
March 18, 1998 | E. Scott Reckard
HomeAid Orange County, a Building Industry Assn. nonprofit group that provides shelter to temporarily homeless people, has dubbed its spring fund-raiser "HippieFest." Tickets to and information about the May 9 dinner-dance at the Irvine Marriott are available at (714) 553-9510 or through the group's Web site: http://www.HomeAid.org * E. Scott Reckard covers real estate for The Times. He can be reached at (714) 966-7407 and at scott.reckard@latimes.com
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