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Jack R Barnes

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BUSINESS
April 19, 1989
Jack R. Barnes has been named president and chief executive officer of Mission Valley Bank, San Clemente. Stewart S. Mortensen, chairman, had been acting president following the departure of Jimmie Rodgers in January. Barnes, president and chief executive of Allied Bancorp, a holding company, has served as a consultant to Mission Valley Bank since last October. He was previously president of Mission Viejo National Bank.
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BUSINESS
June 2, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Mission Valley Bank, long Orange County's smallest independent bank, is growing up fast under the aggressive, abrasive style of its president, Jack R. Barnes. And that has federal regulators worried. They're so worried, in fact, that they recently forced Barnes to halt his 18-month effort to take control of the sleepy institution in San Clemente.
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BUSINESS
June 2, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Mission Valley Bank, long Orange County's smallest independent bank, is growing up fast under the aggressive, abrasive style of its president, Jack R. Barnes. And that has federal regulators worried. They're so worried, in fact, that they recently forced Barnes to halt his 18-month effort to take control of the sleepy institution in San Clemente.
BUSINESS
April 19, 1989
Jack R. Barnes has been named president and chief executive officer of Mission Valley Bank, San Clemente. Stewart S. Mortensen, chairman, had been acting president following the departure of Jimmie Rodgers in January. Barnes, president and chief executive of Allied Bancorp, a holding company, has served as a consultant to Mission Valley Bank since last October. He was previously president of Mission Viejo National Bank.
BUSINESS
September 6, 1989
Six years after opening in a trailer in San Clemente, Mission Valley Bank finally has managed to see construction of its headquarters begin next door in what will become the Mission Valley Bank Plaza. The bank will occupy 12,000 square feet of the 14,000-square-foot structure at the corner of Avenida Palizada and El Camino Real. Construction is expected to be completed next spring.
BUSINESS
April 29, 1986
Coming off a year in which it suffered its worst loss, Viejo Bancorp and its wholly owned subsidiary, Mission Viejo National Bank, posted a net income of $87,000 for the first quarter ended March 31, compared with a loss of $331,600 for the same quarter last year. The company, which lost $1.9 million last year, should earn $500,000 to $1.5 million this year, predicted Jack R. Barnes, president of the bank and its parent company. Corporate assets stood at $26.
BUSINESS
August 16, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
The president of Mission Valley Bank said Thursday that a new investor will rejuvenate the financially strapped bank by pumping $1.6 million to $2.4 million of new capital into the institution. Jack R. Barnes, the bank's president, identified the investor as Earl L. Gross, but he refused to divulge any other information about Gross. The new investor is believed to run a mortgage servicing company in Newport Beach.
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