September 9, 2010 |
A Southern California financial services veteran is launching a fresh bank-buying spree, adding to a wave of private money flooding into California community banks despite the state's high unemployment and depressed real estate. Stephen H. Gordon, who founded Irvine-based Commercial Capital Bancorp in 1998 and sold it to Washington Mutual Inc. for nearly $1 billion in cash in 2006, heads an investment group that agreed this week to pump $460 million into Bay Cities National Bank, a five-branch Redondo Beach institution in need of capital.
August 25, 2000 |
Heavy rain flooded desert areas Thursday afternoon, briefly stranding motorists and closing sections of Joshua Tree National Park. It rained on and off for about three hours, said San Bernardino County fire Capt. Bob Buhrle. "There were vehicles stranded because the low spots in the road filled with three to four feet of water," he said. No injuries were reported.
September 30, 1999 |
More heavy rain fell on eastern North Carolina, delaying the ebb of flooding that has destroyed hundreds of homes since Hurricane Floyd, but forecasters promised a dry spell was on the way. The latest rains flooded most of the streets in Goldsboro, N.C., ruptured a dam and pushed up the Tar and Neuse rivers. In one more weather blow, the latest system spawned tornadoes that downed trees and damaged homes in the central part of the state.
HOME & GARDEN
October 17, 1998 |
Stephen Ball could design a house impervious to the seismic rumblings, sliding hillsides and raging firestorms of California, but it's doubtful it would sell outside the survivalist bomb shelter set. "I've sat down and brainstormed with structural engineers about what would be an indestructible house, and we all agreed no one would live in it," said Ball, a Laguna Beach architect who has designed buildings from Newport Beach to Jeddah, Saudi Arabia.
February 4, 1998 |
Two storm systems bashed California with dark fury Tuesday, forcing thousands of residents to flee fast-rising rivers in the north and creating havoc in the Southland as trees toppled, freeways flooded and roofs blew away in the tremendous winds. Fourteen counties declared local emergencies, the precursor to requesting federal disaster relief.
May 16, 1997 |
An $8.4-billion emergency relief package that provides flood money for California and postpones for one month the cutoff of benefits to legal immigrants passed the House on Thursday, but a controversial budget provision tacked onto the bill made a presidential veto virtually inevitable. At stake for California is $3.4 billion to assist recovery from a brutal spate of winter storms, and $10 million for a new transportation system at Yosemite National Park. The bill would also preserve until Sept.