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Hawthorne Financial Corp

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BUSINESS
January 29, 2004 | E. Scott Reckard, Times Staff Writer
Commercial Capital Bancorp Inc. of Irvine, a thrift that specializes in financing apartments, has agreed to buy El Segundo-based Hawthorne Financial Corp., a residential and income-property lender with 15 Hawthorne Savings offices. The all-stock deal, announced late Tuesday, calls for Commercial Capital to trade 1.45 shares of its stock for each Hawthorne share, making the deal worth $493 million at Tuesday's closing stock price, the companies said.
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BUSINESS
January 29, 2004 | E. Scott Reckard, Times Staff Writer
Commercial Capital Bancorp Inc. of Irvine, a thrift that specializes in financing apartments, has agreed to buy El Segundo-based Hawthorne Financial Corp., a residential and income-property lender with 15 Hawthorne Savings offices. The all-stock deal, announced late Tuesday, calls for Commercial Capital to trade 1.45 shares of its stock for each Hawthorne share, making the deal worth $493 million at Tuesday's closing stock price, the companies said.
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BUSINESS
June 5, 1998 | Bloomberg News
* El Segundo-based Hawthorne Financial Corp., the parent of Hawthorne Savings, filed with the Securities and Exchange Commission to sell 1.75 million common shares. The company intends to use the money raised for general corporate purposes, including loan growth and business expansion. Hawthorne shares fell 13 cents to close at $19 in Nasdaq trading.
BUSINESS
June 5, 1998 | Bloomberg News
* El Segundo-based Hawthorne Financial Corp., the parent of Hawthorne Savings, filed with the Securities and Exchange Commission to sell 1.75 million common shares. The company intends to use the money raised for general corporate purposes, including loan growth and business expansion. Hawthorne shares fell 13 cents to close at $19 in Nasdaq trading.
BUSINESS
March 21, 2002 | Bloomberg News
Hawthorne Financial Corp., an El Segundo-based savings and loan, said it will buy First Fidelity Bancorp Inc. for $68 million in stock and cash to expand its mortgage-lending business. The purchase will give Hawthorne Financial $500 million in loan assets, $413 million in deposits and four offices in Orange and San Diego counties. Hawthorne Financial, with $1.8billion in assets, has nine Home Savings branches in Southern California, most of which are in the South Bay.
BUSINESS
August 24, 2000
* Eric Frankel has been named president of Warner Bros. Domestic Cable Distribution, effective in January, succeeding Edward Bleier, who is retiring as president of Warner Bros. Domestic Pay-TV, Cable & Network Features. Frankel, currently executive vice president of marketing in the domestic division, will transfer to Warner Bros. Studios offices in Burbank in September. * El Segundo-based Hawthorne Financial Corp., parent of Hawthorne Savings, has named Karen Abajian chief financial officer.
BUSINESS
August 22, 2002 | KAREN ROBINSON-JACOBS, TIMES STAFF WRITER
California National Bank and Hawthorne Savings Bank will buy two nonprofit inner-city financial counseling centers and convert them to full-service bank branches operating in some of the most underserved areas of Los Angeles. The deals represent a graduation of sorts for Operation Hope's "empowerment" centers, which were opened beginning in 1996 to offer counseling, check-cashing, utility bill payment and limited access to traditional banking services for inner-city residents.
BUSINESS
May 6, 1997
Companies ranked by percentage gain in stock price over the previous 12 months. Initial public offerings and stocks recapitalized after April 18 are not included. Rank: 1 Company: Maxwell Technologies Inc. % change 52 weeks: 347% Price as of 4/18/97: $21.50 12-month high: $25.75 12-month low: $4.69 * Rank: 2 Company: On-Point Technology Sys. % change 52 weeks: 280 Price as of 4/18/97: 2.38 12-month high: 3 12-month low: 0.47 * Rank: 3 Company: Saba Petroleum Co.
BUSINESS
May 7, 1996
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