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Huntington National Bank

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BUSINESS
February 23, 1986
Huntington National Bank said 1985 net income was a record $456,000, up from $96,000 reported for the prior year. Assets at year-end were $55.3 million, up 28% from $43.3 million in 1984, and deposits totaled $51 million, a 29% increase from $39.7 million. The Huntington Beach bank attributed the gains to tight controls on expenses, expansion of its loan portfolio and reduced loan losses.
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BUSINESS
April 18, 2013 | By E. Scott Reckard
Some borrowers who received compensation for possible foreclosure abuses were told to take a hike this week when they tried to cash the checks.  Just when it seemed the mortgage mess might be tailing off, it was the latest debacle for a program whose flaws have raised fresh doubts about the competence of America's big banks and their federal regulators in Washington. The company that the regulators chose to handle the distribution of $3.6 billion to more than 4.2 million borrowers had failed to transfer the funds to the bank that issued the checks, according to a New York Times report Thursday.
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BUSINESS
November 9, 1986
Belying a stronger performance, Huntington National Bank in Huntington Beach reported lower net income in its third quarter and first nine months. Its quarterly net earnings were $106,000, down 4.5% from last year's $111,000, and its nine-month figure was $292,000, down 8.1% from $318,000 in the same period last year. The higher income last year came from tax benefits of about $20,000 in the quarter and $59,000 in the first nine months, said Robert Green, the bank's executive vice president.
BUSINESS
August 24, 1993 | CHRIS KRAUL, TIMES STAFF WRITER
An innovative loan program that unites inner-city churches with banks was touted Monday as a possible way to boost mortgage lending in South-Central Los Angeles and other low-income communities. The loan program of Huntington National Bank, which began last year in inner-city church halls of Columbus, Ohio, has provided $26 million in mortgages to buyers who probably would not have qualified under traditional lending guidelines.
BUSINESS
May 19, 1987
Huntington National Bank reported a first-quarter net income of $105,000, a 28% increase from the $82,000 it earned in the first quarter last year. Total quarterly revenues rose 34.2% to $161,000 from $120,000 in last year's first quarter. At the end of the quarter, the Huntington Beach bank had $59.2 million in assets, a 6.7% increase from the previous year's $55.5 million in assets. Total deposits at the end of the quarter grew 7.5% to $54.2 million from $50.
BUSINESS
July 28, 1985
Huntington National Bank said second quarter earnings increased 6% to $102,000 from $96,000 a year earlier. For the first half of 1985, the bank's profits totaled $204,000, more than triple the $58,000 in net earnings for the first six months of 1984. Assets for the Huntington Beach bank rose to $49.1 million as of June 30 from $41.5 million at the end of the first half of 1984. Loans increased in the second quarter to $35.3 million from $28.7 million.
CALIFORNIA | LOCAL
July 23, 1991 | BILL BILLITER, TIMES STAFF WRITER
After more than two years of investigation, the state Fair Political Practices Commission announced Monday that it has found no evidence of conflicts of interest by three city officials who had ties with a bank linked to downtown redevelopment. The three, who stood accused in a citizen's complaint filed in May, 1989, are then-city Planning Commissioner Roger Slates, City Councilman Don MacAllister and City Atty. Gail C. Hutton.
BUSINESS
January 31, 1989 | JAMES S. GRANELLI, Times Staff Writer
The parent company of Huntington National Bank in Huntington Beach has reached a tentative agreement to acquire Mid-Cities National Bank of Bellflower in a cash-and-stock merger valued at nearly $4.4 million. The transaction is subject to a definitive agreement and to approvals from regulators and the shareholders of both entities, a process that could take 6 months to complete. The merger would create a bank with three branches and $125.7 million in assets.
CALIFORNIA | LOCAL
May 11, 1989 | NANCY WRIDE, Times Staff Writer
A state watchdog agency is reviewing a complaint filed by a citizen that accuses Huntington Beach Councilman John Erskine, City Atty. Gail C. Hutton and former Planning Commissioner Roger Slates of having conflicts of interest in some of their city actions. Dean Albright, a Huntington Beach resident and former member of the city's environmental board, filed the conflict complaints within the last 3 weeks with the state Fair Political Practices Commission. Albright said he also lodged a conflict complaint Monday against Huntington Beach Councilman Don MacAllister, though the state commission's spokeswoman, Sandra Michioku, said Wednesday that the agency had not yet received it. Allegations Heatedly Denied MacAllister was out of town and could not be reached for comment, but the other three figures vehemently denied the conflict allegations, calling them politically motivated.
BUSINESS
August 24, 1993 | CHRIS KRAUL, TIMES STAFF WRITER
An innovative loan program that unites inner-city churches with banks was touted Monday as a possible way to boost mortgage lending in South-Central Los Angeles and other low-income communities. The loan program of Huntington National Bank, which began last year in inner-city church halls of Columbus, Ohio, has provided $26 million in mortgages to buyers who probably would not have qualified under traditional lending guidelines.
CALIFORNIA | LOCAL
July 23, 1991 | BILL BILLITER, TIMES STAFF WRITER
After more than two years of investigation, the state Fair Political Practices Commission announced Monday that it has found no evidence of conflicts of interest by three city officials who had ties with a bank linked to downtown redevelopment. The three, who stood accused in a citizen's complaint filed in May, 1989, are then-city Planning Commissioner Roger Slates, City Councilman Don MacAllister and City Atty. Gail C. Hutton.
CALIFORNIA | LOCAL
May 11, 1989 | NANCY WRIDE, Times Staff Writer
A state watchdog agency is reviewing a complaint filed by a citizen that accuses Huntington Beach Councilman John Erskine, City Atty. Gail C. Hutton and former Planning Commissioner Roger Slates of having conflicts of interest in some of their city actions. Dean Albright, a Huntington Beach resident and former member of the city's environmental board, filed the conflict complaints within the last 3 weeks with the state Fair Political Practices Commission. Albright said he also lodged a conflict complaint Monday against Huntington Beach Councilman Don MacAllister, though the state commission's spokeswoman, Sandra Michioku, said Wednesday that the agency had not yet received it. Allegations Heatedly Denied MacAllister was out of town and could not be reached for comment, but the other three figures vehemently denied the conflict allegations, calling them politically motivated.
BUSINESS
January 31, 1989 | JAMES S. GRANELLI, Times Staff Writer
The parent company of Huntington National Bank in Huntington Beach has reached a tentative agreement to acquire Mid-Cities National Bank of Bellflower in a cash-and-stock merger valued at nearly $4.4 million. The transaction is subject to a definitive agreement and to approvals from regulators and the shareholders of both entities, a process that could take 6 months to complete. The merger would create a bank with three branches and $125.7 million in assets.
BUSINESS
October 27, 1987
Huntington National Bank posted net income of $184,000 for the third quarter, a 70.4% increase from $108,000 earned in the same quarter last year. For the first nine months, the bank's net income rose 46.2%, to $427,000 from $292,000. The Huntington Beach bank's assets fell 3.6%, to $64 million at the end of September from $66.4 million a year earlier.
BUSINESS
November 9, 1986
Belying a stronger performance, Huntington National Bank in Huntington Beach reported lower net income in its third quarter and first nine months. Its quarterly net earnings were $106,000, down 4.5% from last year's $111,000, and its nine-month figure was $292,000, down 8.1% from $318,000 in the same period last year. The higher income last year came from tax benefits of about $20,000 in the quarter and $59,000 in the first nine months, said Robert Green, the bank's executive vice president.
BUSINESS
October 15, 1985
Huntington National Bank has burst out of the growing pains most new banks go through to post $398,000 in net income for the first nine months of this year, a huge increase over the $20,000 the bank listed as earnings for the same period last year. "We've reached that point where we're now in a profitable mode," said Robert A. Green, executive vice president and cashier. "We were able to grow without increasing our fixed costs, such as building and labor expenses." As of Sept.
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