November 19, 1995
Directors of Eldorado Bancorp, parent of Eldorado Bank, authorized the company to purchase up to $1 million of its common stock in open-market or negotiated transactions. The company had nearly 3.4 million shares outstanding on Wednesday. Directors also declared a 10% stock dividend, payable Dec. 26 to shareholders of record Nov. 28. J.B.
May 26, 1997
Directors of Eldorado Bancorp have increased the company's quarterly dividend to 11 cents per share from 10 cents per share, payable June 9 to shareholders of record June 2. The company, which operates Eldorado Bank, also said its acquisition by Commerce Security Bancorp Inc. should occur on June 6. The deal has been approved by federal and state regulators, as well as by Eldorado shareholders, the company said.
October 16, 1992
Eldorado Bancorp, the parent company of Eldorado Bank, reported a profit of $895,000, or 33 cents a share, for the third quarter, a 24% increase from $722,000, or 27 cents a share, for the same period a year earlier. For the first nine months of 1992, earnings totaled $2.6 million, or 95 cents a share, up 13% from the $2.3 million, or 86 cents a share. As of Sept. 30, total assets were $346.7 million, 17% higher than the $295.3 million recorded at the same time last year. J.B.
February 26, 1993
Donald Sodaro has been elected to the board of directors of Eldorado Bancorp, the parent company of Eldorado Bank in Tustin. His election brings the number of board members to 10. Sodaro is chairman and chief executive of Accord Group Inc., an investment management company with interests in commercial real estate, home building and securities. Earlier, Sodaro was president and chief executive of Sixpence Inns of America Inc.
April 16, 1987
Eldorado Bancorp, holding company for Eldorado Bank, reported record first quarter net income of $568,000, up 56% from $364,000 a year earlier. Total assets for the Tustin-based holding company were $185 million on March 31, up 5.7% from $175 million a year earlier. The bank reported deposits at the end of the quarter were $167.25 million, up 5.8% from the year-earlier $158.1 million. Shareholders' equity on March 31 totaled $14.7 million.
February 24, 1994 |
Citing severe real estate-related problems, Eldorado Bancorp on Wednesday reported the first year-end loss in the bank's 21-year history. The Tustin-based bank reported a net loss of $1.72 million, equal to 63 cents per share, for the fiscal year ending Dec. 31. This compares with net income of $2.76 million, or $1 per share, reported for 1992. "This was a difficult year.