Advertisement
YOU ARE HERE: LAT HomeCollectionsHecco Ventures
IN THE NEWS

Hecco Ventures

FEATURED ARTICLES
ARTICLES BY DATE
BUSINESS
June 18, 1991
Financier James J. Cotter has increased his voting power in Citadel Holding Corp., the Glendale-based parent of Fidelity Federal Bank, to 18.5% of Citadel's stock. Cotter is chairman and the controlling stockholder of Craig Corp., which owns 8.9% of Citadel. According to a filing with the Securities and Exchange Commission, Cotter also acquired rights to vote an additional 9.6% Citadel stake held by Hecco Ventures I. Hecco Ventures I is an investment partnership headed by Michael R.
Advertisement
BUSINESS
June 18, 1991
Financier James J. Cotter has increased his voting power in Citadel Holding Corp., the Glendale-based parent of Fidelity Federal Bank, to 18.5% of Citadel's stock. Cotter is chairman and the controlling stockholder of Craig Corp., which owns 8.9% of Citadel. According to a filing with the Securities and Exchange Commission, Cotter also acquired rights to vote an additional 9.6% Citadel stake held by Hecco Ventures I. Hecco Ventures I is an investment partnership headed by Michael R.
BUSINESS
January 14, 1986
Led by Hecco Ventures, the group said it's seeking regulatory approval to increase its stake in Citadel Holding to more than 10%. The group now owns 9.94%. Hecco Ventures is a Los Angeles-based investment partnership run by Los Angeles movie theater executives Michael R. Forman and James J. Cotter. Citadel is the parent company of Glendale-based Fidelity Federal Savings & Loan Assn.
BUSINESS
March 19, 1986
Hecco Ventures, an investment group with an 8.8% stake in Citadel Holding Corp., parent of Fidelity Federal Savings & Loan Assn. of Glendale, said it will oppose Great Western Financial Corp.'s bid to acquire Citadel in a stock swap. The group, led by Los Angeles theater owner Michael Forman, said the Great Western offer is unfair to Citadel shareholders because it undervalues the thrift's stock. Hecco said the group will seek other potential suitors.
BUSINESS
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.
BUSINESS
April 12, 1988
The takeover fight for Valley Federal Savings & Loan is being taken directly to the stockholders of the Van Nuys-based thrift. On April 27, stockholders will elect three of Valley Federal's 10 directors at the S&L's annual meeting. Hecco Ventures, a private investment firm that owns 9.97% of Valley Federal, has nominated its own candidates to oppose Valley Federal's three nominees.
BUSINESS
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.
Los Angeles Times Articles
|