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Heritage Thrift Loan

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June 19, 1991 | James S. Granelli / Times staff writer
No Problem: Heritage Thrift & Loan doesn't have a serious problem with its loans and doesn't belong on a list of troubled banks compiled by a national newspaper, according to the Brea institution's parent company. Heritage and two other banking institutions were put on USA Today's roster of 464 institutions that fail to have enough capital and reserves to cover bad loans and other problem assets. Heritage problem assets were 113% of its capital and reserves, the newspaper said.
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BUSINESS
June 19, 1991 | James S. Granelli / Times staff writer
No Problem: Heritage Thrift & Loan doesn't have a serious problem with its loans and doesn't belong on a list of troubled banks compiled by a national newspaper, according to the Brea institution's parent company. Heritage and two other banking institutions were put on USA Today's roster of 464 institutions that fail to have enough capital and reserves to cover bad loans and other problem assets. Heritage problem assets were 113% of its capital and reserves, the newspaper said.
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BUSINESS
February 26, 1987
Lacy Marlette, a director on the board of Sunwest Bank in Tustin, has been elected to a new seat on the board of the bank's holding company, Centennial Beneficial Corp. in Orange. Marlette, 40, a certified public accountant in Palos Verdes Estates, remains on the bank's board as well. Centennial also owns Sacramento First National Bank and Heritage Thrift & Loan Assn. in Brea.
BUSINESS
May 9, 1989
Centennial Beneficial Corp. of Orange said its net earnings for the first quarter rose 69%, to $481,000 from $285,000 for the like period last year. Total assets reached $415 million, 18% higher than the $353 million reported a year ago. Centennial Beneficial, an independent bank holding company headquartered in Orange County, owns five subsidiaries: Sunwest Bank, Sacramento First National Bank, Heritage Thrift & Loan Assn., Centennial Beneficial Mortgage Co. and Centennial Leasing Corp.
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