Advertisement
YOU ARE HERE: LAT HomeCollectionsHeritage Bank
IN THE NEWS

Heritage Bank

FEATURED ARTICLES
BUSINESS
July 28, 1985 | HEIDI EVANS, Times Staff Writer
A pretrial status conference involving the Federal Deposit Insurance Corp. and failed Heritage Bank of Anaheim is scheduled to reconvene Thursday in Orange County Superior Court.
ARTICLES BY DATE
BUSINESS
September 9, 2009 | Associated Press
A federal judge Tuesday sentenced Silicon Valley financier William "Boots" Del Biaggio III to more than eight years in prison for bilking investors and banks -- including one he helped launch -- out of millions of dollars in a desperate attempt to buy a pro hockey team. The disgraced scion of a prominent San Jose family is to report to prison in January, capping a long fall for a former high roller who counted hockey great Mario Lemieux as a golfing buddy and who jetted on private planes to Las Vegas, where he amassed a $4-million gambling debt.
Advertisement
BUSINESS
December 16, 1987
Aug. 20, 1975: Heritage Bank opens for business in downtown Anaheim. December, 1980: Heritage becomes largest independent bank in Orange County with year-end assets in excess of $200 million. Mid-1982: Heritage assets hit $280 million, but an audit by federal regulators begins and results in a year-end loss of $2 million for the bank as auditors order it to write down the value of numerous real estate loans. May, 1983: Federal Deposit Insurance Corp.
BUSINESS
January 12, 1994 | JAMES S. GRANELLI, TIMES STAFF WRITER
Troubled Bank of Newport, after searching 10 months for a president, has lured veteran Orange County banker David T. Blankenhorn from a competitor. Blankenhorn, who is president of Commercial Center Bank in Santa Ana, will join Bank of Newport next Wednesday as president and chief executive. He fills a position vacated last March when Ronald L. Rodgers, the bank's founding president, resigned under pressure. "I've known the bank a long time. It's a good franchise," Blankenhorn said.
BUSINESS
June 20, 1985 | HEIDI EVANS, Times Staff Writer
Charging that federal regulators have reneged on a 1983 immunity agreement, Douglas Patty, the ousted chairman of failed Heritage Bank, has filed a $54-million damage suit against the Federal Deposit Insurance Corp. in U.S. District Court in Los Angeles.
BUSINESS
October 20, 1987 | JOHN SPANO, Times Staff Writer
A tight knot of litigation created by the collapse of Anaheim-based Heritage Bank more than three years ago began to unravel Monday as federal regulators and Charter Savings Bank in Huntington Beach settled their differences. The deal, struck before Orange County Superior Court Judge Jerrold S. Oliver, was the first substantial partial settlement of the complex litigation brought by the Federal Deposit Insurance Corp. on claims arising from the March, 1984, failure of Heritage Bank.
BUSINESS
October 28, 1992 | James S. Granelli / Times staff writer
Herbert E. Slezinger has returned to Orange County's banking community nearly a decade after leaving his post as president of the now defunct Heritage Bank in Anaheim, then the county's biggest--and most troubled--bank. Slezinger was appointed senior vice president and manager of mortgage lending at Eldorado Bank in Tustin. He will oversee the bank's newly established mortgage banking department.
BUSINESS
June 13, 1986 | JAMES S. GRANELLI, Times Staff Writer
A major law firm faced with losing $2 million or more in future fees in ongoing litigation over the 1984 closure of Heritage Bank plans to fight a court order barring it from the case because of a potential conflict of interest. The firm--Finley, Kumble, Wagner, Heine, Underberg, Manley & Casey--was ordered by Orange County Superior Court Judge Robert C. Todd to stop representing the Federal Deposit Insurance Corp.
BUSINESS
December 15, 1987
The Federal Deposit Insurance Corp. has reached a preliminary settlement in a $150-million civil fraud lawsuit it filed against former directors, officers and lawyers of Anaheim-based Heritage Bank, an FDIC attorney said Monday. In addition, the federal agency has settled similar suits filed in connection with the failures of the Garden Grove Community Bank and Newport Harbour National Bank. Henry H.
BUSINESS
October 16, 1986 | JAMES S. GRANELLI, Times Staff Writer
An Orange County Superior Court will hear arguments Friday that could lead to a reduction of the complex litigation surrounding the 1984 collapse of Heritage Bank. The outcome of the hearing also could clear the way for a major national law firm to return as counsel for the Federal Deposit Insurance Corp. in the case--a position that could earn the firm $2 million or more. Friday's hearing centers on whether the former Orange Coast Savings & Loan Assn.
BUSINESS
October 28, 1992 | James S. Granelli / Times staff writer
Herbert E. Slezinger has returned to Orange County's banking community nearly a decade after leaving his post as president of the now defunct Heritage Bank in Anaheim, then the county's biggest--and most troubled--bank. Slezinger was appointed senior vice president and manager of mortgage lending at Eldorado Bank in Tustin. He will oversee the bank's newly established mortgage banking department.
BUSINESS
December 27, 1991 | SONNI EFRON, TIMES STAFF WRITER
Editor's note: How a banker, a surfing legend and a computer industry executive all found satisfaction in their lives long after making Orange County headlines. The diamond-studded Mercedes-Benz emblem hangs from Douglas E. Patty's neck like a gold badge of courage. It is the ultimate icon of the "in your face" attitude that brought the maverick banker to ruin, and back again.
BUSINESS
December 16, 1987 | JOHN O'DELL, Times Staff Writer
In an action that could bring to an end the costly litigation triggered by the liquidation of Heritage Bank of Anaheim in 1984, the Federal Deposit Insurance Corp. has tentatively agreed to accept about $10 million in insurance payments to settle its $154-million negligence suit against 13 former officers and directors of the defunct institution.
BUSINESS
December 16, 1987
Aug. 20, 1975: Heritage Bank opens for business in downtown Anaheim. December, 1980: Heritage becomes largest independent bank in Orange County with year-end assets in excess of $200 million. Mid-1982: Heritage assets hit $280 million, but an audit by federal regulators begins and results in a year-end loss of $2 million for the bank as auditors order it to write down the value of numerous real estate loans. May, 1983: Federal Deposit Insurance Corp.
BUSINESS
December 16, 1987 | JOHN O'DELL, Times Staff Writer
As with so many other things involving defunct Heritage Bank of Anaheim, a proposed $10-million settlement of a $154-million negligence suit against the bank's former officers and directors raises as many questions and as much dissention as it resolves. Henry Rossbacher, the private attorney who handled the Federal Deposit Insurance Corp.'
BUSINESS
December 15, 1987
The Federal Deposit Insurance Corp. has reached a preliminary settlement in a $150-million civil fraud lawsuit it filed against former directors, officers and lawyers of Anaheim-based Heritage Bank, an FDIC attorney said Monday. In addition, the federal agency has settled similar suits filed in connection with the failures of the Garden Grove Community Bank and Newport Harbour National Bank. Henry H.
BUSINESS
June 20, 1985 | HEIDI EVANS, Times Staff Writer
Charging that federal regulators have reneged on a 1983 immunity agreement, Douglas Patty, the ousted chairman of failed Heritage Bank, has filed a $54-million damage suit against the Federal Deposit Insurance Corp.
BUSINESS
January 19, 1987 | JAMES S. GRANELLI, Times Staff Writer
Doug Patty never liked traditional bankers. And the feeling was mutual. He believes, however, that he is fighting for all bankers when he goes up against the Federal Deposit Insurance Corp., which seized the bank he built and declared it insolvent nearly three years ago. Heritage Bank, the Anaheim institution that Patty built into a powerhouse in Orange County and now stands accused of destroying, was closed by regulators in March, 1984.
BUSINESS
October 20, 1987 | JOHN SPANO, Times Staff Writer
A tight knot of litigation created by the collapse of Anaheim-based Heritage Bank more than three years ago began to unravel Monday as federal regulators and Charter Savings Bank in Huntington Beach settled their differences. The deal, struck before Orange County Superior Court Judge Jerrold S. Oliver, was the first substantial partial settlement of the complex litigation brought by the Federal Deposit Insurance Corp. on claims arising from the March, 1984, failure of Heritage Bank.
BUSINESS
September 20, 1987 | JAMES S. GRANELLI
David T. Blankenhorn, who has headed three Orange County banks, has been named president and chief executive officer of American Interstate Bank in Newport Beach. Blankenhorn, 47, of Newport Beach replaces veteran banker Alvin C. Rice, 63, who was ousted in early July in a tiff with other directors over Rice's plans for rapid growth. William Harrison, a director, took over as chairman, also a post that had been held by Rice.
Los Angeles Times Articles
|