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Huntington Pacific Thrift Loan

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BUSINESS
February 13, 1993 | James S. Granelli, Times staff writer
It's official: For the owners of failed Huntington Pacific Thrift & Loan, the other shoe dropped this week. Southern Counties Bancorp, which owned the Huntington Beach institution before regulators closed it on Dec. 4, filed for liquidation in U.S. Bankruptcy Court in Santa Ana. The company listed assets of $46,000 and debts of $5.7 million.
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BUSINESS
February 13, 1993 | James S. Granelli, Times staff writer
It's official: For the owners of failed Huntington Pacific Thrift & Loan, the other shoe dropped this week. Southern Counties Bancorp, which owned the Huntington Beach institution before regulators closed it on Dec. 4, filed for liquidation in U.S. Bankruptcy Court in Santa Ana. The company listed assets of $46,000 and debts of $5.7 million.
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BUSINESS
July 8, 1986
Citing the lower cost of funds and increased lending authority, Huntington Pacific Thrift & Loan Assn. in Huntington Beach posted net income of $203,626 in the first quarter, a five-fold increase over $40,837 earned in last year's first quarter. The unaudited quarterly report continues the trend established last year. According to the audited year-end results just released, net income jumped fivefold in 1985 to $335,000, from $70,593 in the previous year.
BUSINESS
December 5, 1992 | CHRIS WOODYARD
A Huntington Beach thrift that reported the biggest loss among Orange County financial institutions for the quarter ended June 30 was declared insolvent Friday and closed by state officials. Huntington Pacific Thrift and Loan Assn., with assets of $42 million, was shuttered at 5 p.m. Friday by the California Commissioner of Corporations. The Federal Deposit Insurance Corp., which insures deposits at the nation's banks and thrifts, was named receiver.
BUSINESS
January 31, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
The combined profits at Orange County's 38 community banks plunged 34% for the first nine months last year, largely as a result of losses at the now-defunct Far Western Bank in Tustin. County-based banks reported combined net income of $27.7 million for the first nine months, compared to $41.9 million in earnings for the same period in 1989, according to Sept. 30 regulatory figures compiled by Sheshunoff Information Services Inc. in Austin, Tex. The local banks posted $5.
REAL ESTATE
August 25, 1991 | DAVID W. MYERS, TIMES STAFF WRITER
Would you like to fix up your house or condominium, but you don't have enough equity to qualify for a loan? If so, an FHA "Title I" home-improvement loan can help. Any credit-worthy person can borrow up to $17,500 under the little-known program. Although the loans are insured by the Federal Housing Administration, they're actually made by FHA-approved banks, savings and loans, credit unions, mortgage bankers and mortgage brokers.
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