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BUSINESS
July 16, 1994 | JESUS SANCHEZ, TIMES STAFF WRITER
State banking regulators Friday closed Bank of San Pedro, which had six branches and $123.4 million in assets, after real estate loans and operating losses had reduced the financial institution's capital below acceptable levels. Home Bank of Signal Hill will acquire $22.1 million of the failed bank's assets and assume $82.2 million in insured deposits. The two Bank of San Pedro branches in San Pedro will reopen as Home Bank offices.
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CALIFORNIA | LOCAL
October 22, 2011 | By Ralph Vartabedian, Los Angeles Times
Since it opened in 1893, Bakersfield High School has been the pride of this city and its academic cornerstone, the place where the late Chief Justice Earl Warren graduated and students call themselves the Drillers in homage to the region's oil patch. It has withstood earthquakes and depressions, but perhaps it will not survive the California bullet train. The train's proposed routes are taking aim at the campus, potentially putting a bulls-eye on the Industrial Arts Building, where future engineers, ceramic artists, auto mechanics, fabric designers and wood-workers take classes.
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BUSINESS
January 20, 2009 | Binyamin Appelbaum, Appelbaum writes for the Washington Post.
The mortgage crisis is seeping into one of the last dry corners of the mortgage business, the regional network of Federal Home Loan Banks, which provide U.S. banks with hundreds of billions of dollars in low-cost funding to support lending to home buyers. The little-known network has grown in importance as banks lose access to other sources of funding because of the credit crunch.
BUSINESS
May 21, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
Big national and regional banks have blanketed the state with about 14,000 automated teller machines--more ATMs than in any other state--but a community bank in Signal Hill has gone where no other institution has yet ventured. Home Bank has installed an ATM at Regal Lanes in Orange, making the bowling alley the first one in the nation to sport a money-dispensing machine. "Certainly we are not a major player in the ATM market," said James Staes, Home Bank's president.
CALIFORNIA | LOCAL
December 1, 1995
About half a dozen men, some brandishing handguns, stormed into a bank Thursday, quickly looted the office and escaped with an unknown amount of cash, police said. Witnesses told police the five or six men entered the Home Bank in the 10900 block of Pine Street at 11:20 a.m. and ordered the employees and one customer to the floor, Police Capt. Mike Sellers said. The robbery lasted several minutes as the men took cash from teller drawers.
TRAVEL
June 11, 2000
Christopher Reynolds is correct in noting the continuing obsolescence of traveler's checks, given the near universality of ATMs and credit cards in most of the developed and developing world ("Traveler's Checks Sinking Beneath a Sea of Plastic," Travel Insider, May 28). There are pitfalls, however, even in the developed world. During a trip to Japan in 1998, I was unable to use either my ATM card or my credit cards. Several ATMs had signs stating that only cards issued in Japan would be accepted.
CALIFORNIA | LOCAL
November 1, 1995 | TINA NGUYEN, TIMES STAFF WRITER
Halloween brought more than a few surprises for Officer Jim Floren on Tuesday. In the morning, Floren found himself in a high-speed chase of men suspected of robbing a Home Bank branch at gunpoint. The chase ended with the arrest of a father and son and a third man. About four hours later, Floren again was speeding through town in pursuit of a man suspected of using a forged check to pay for a room at the Courtyard by Marriott hotel on Slater Avenue.
BUSINESS
March 10, 1998 | BARBARA MURPHY
Digital Insight in Camarillo has received a cash infusion of $8 million from two investors to help it further develop its home banking business. The company will receive a first-time investment of $5 million from HarbourVest Partners LLC and a second-round investment of $3 million from Menlo Ventures to be used for general corporate purposes.
BUSINESS
June 4, 1996 | BARBARA MURPHY
Digital Insight of Newbury Park and EarthLink Network of Pasadena have announced a joint marketing agreement to have financial institutions distribute the TotalAccess Internet service to their customers. EarthLink TotalAccess product includes the Netscape Navigator 2.0 web browser. Through this marketing program, financial institutions can offer their customers home-banking access with unlimited usage for $19.95 per month with no setup fee and no charge for the Netscape browser.
BUSINESS
October 9, 2003 | From Reuters
Expected losses at Federal Home Loan Banks in Atlanta and Pittsburgh fanned fears about the integrity of the U.S. mortgage funding system and fueled calls for stricter regulation of the government-sponsored network that funds mortgages. The bank in Atlanta said Wednesday that it expected to record a $9-million loss for the third quarter while the one in Pittsburgh said it forecast a $7-million loss.
TRAVEL
June 11, 2000
Christopher Reynolds is correct in noting the continuing obsolescence of traveler's checks, given the near universality of ATMs and credit cards in most of the developed and developing world ("Traveler's Checks Sinking Beneath a Sea of Plastic," Travel Insider, May 28). There are pitfalls, however, even in the developed world. During a trip to Japan in 1998, I was unable to use either my ATM card or my credit cards. Several ATMs had signs stating that only cards issued in Japan would be accepted.
CALIFORNIA | LOCAL
June 26, 1998 | VALERIE BURGHER, TIMES STAFF WRITER
An armed woman stole nearly $7,000 from a shopper who was on her way home from a Costa Mesa supermarket this week, taking money from her purse, ransacking her home and withdrawing funds from her bank account, police said. Maria Casillas, 30, was unharmed during the Wednesday afternoon incident, authorities said. Police said they have not heard reports of similar incidents in the area. "It's very rare for a female to pull a robbery on another female," said Lt.
BUSINESS
March 10, 1998 | BARBARA MURPHY
Digital Insight in Camarillo has received a cash infusion of $8 million from two investors to help it further develop its home banking business. The company will receive a first-time investment of $5 million from HarbourVest Partners LLC and a second-round investment of $3 million from Menlo Ventures to be used for general corporate purposes.
BUSINESS
July 29, 1997 | BARBARA MURPHY
Digital Insight of Camarillo, a provider of Internet-based home banking, has formed an agreement with C.U. Processing, which provides information technology to credit unions. The nonexclusive agreement will allow Michigan-based C.U. Processing to offer Digital Insight's AXIS home banking services to its customers, including real-time account access, stock quotes, custom application forms, the ability to interface to Quicken or Money 97, stock portfolio tracking and bill payment.
BUSINESS
April 9, 1997 | From Reuters
InteliData Technologies Corp. on Tuesday launched MoneyClip, a small, floppy-disk-like device it says makes it easy for personal computers to read so-called smart cards and allows PC users to effectively turn their computers into automated teller machines. The Herndon, Va.
BUSINESS
May 31, 1985
After an 18-month test, the big San Francisco-based bank said it was leaving the Pronto home banking system developed by Chemical Bank in New York. "While we believe Pronto is the leading home banking system, our current financial and staff commitments precluded us from going ahead with it at this time," Crocker said. About 200 bank customers and employees participated in the program, which used personal computers and telephone lines for automated banking and bill paying.
BUSINESS
January 28, 1997 | BARBARA MURPHY
Digital Insight, a provider of Internet banking on the World Wide Web, said it will integrate its Axis system with the Open Financial Exchange announced by Microsoft, Intuit and Checkfree. The move will allow Digital Insight's financial institution clients to deliver banking services through customers' financial management software.
BUSINESS
January 28, 1997 | BARBARA MURPHY
Digital Insight, a provider of Internet banking on the World Wide Web, said it will integrate its Axis system with the Open Financial Exchange announced by Microsoft, Intuit and Checkfree. The move will allow Digital Insight's financial institution clients to deliver banking services through customers' financial management software.
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